Page 2236 - Economy & Policy News

Author Shobhaa De's take on the best and worst things in Budget 2019

There was nothing too thrilling about this Budget, though nothing terrible either

Chef Sanjeev Kapoor's take on the best and worst things in Budget 2019

The Budget would help in job growth but only in the long term

Budget 2019: UDAY to be reviewed, new power tariff reforms on anvil

This is the first time in years that a finance minister has announced several reforms to reduce consumer electricity tariff

Budget 2019: Fiscal deficit number reassuring, says Soumya Kanti Ghosh

Regulatory control of NBFCs will shift to the RBI, and this will create a level playing field in the market

Budget focuses squarely on MSMEs through dedicated payments platform

A payments platform will be created for MSMEs to enable the e-filing and payment of bills

Budget 2019: Subsidy bill up 13%, FM Sitharaman banks on oil price dip

Fuel, food and fertiliser remain key focus areas

Budget 2019: Air India sale on cards, govt hikes divestment target for FY20

Will also offer more CPSEs for strategic participation by the private sector

Budget 2019: Higher excise, cess raise fuel prices by Rs 2 per litre

Crude prices have fallen from around $71.34 a barrel in 2018 to $66 a barrel this year

Make in India, clean energy dictate customs & excise duty changes in Budget

Government expects 19 per cent growth in Customs collection

Govt removes senior CBI officer Nageswar Rao, posted as DG fire services

A 1986-batch IPS officer from Odisha cadre, Rao held the position of interim chief of the CBI twice

Budget 2019: In a first, India to issue sovereign bonds in global market

By issuing the bonds, however, the government will have to manage its policies extremely well

Finance Minister Sitharaman's Budget increases taxes on petrol and diesel

Sitharaman raised excise duty and road and infrastructure cess on the auto fuels by Rs 2 per litre each to raise over Rs 28,000 crore

Govt to earn Rs 25,000 cr from hike in taxes, Rs 12,000 cr from super-rich

Excise duty has been hiked on various tobacco items including chewing tobacco, jarda scented tobacco, and tobacco extracts and essence

Budget tax deduction on home loan interest to boost housing: Realtors

Real estate should have been 'industry' status in Budget, say industry representatives.

Budget 2019: Social stock exchanges to be introduced in India

FM says entities working for realisation of social welfare goals will be able to raise equity and debt through an electronic fund raising platform

Budget 2019: Gold jumps 2.4% in Mumbai after customs hike on bullion

Market players deplore move, saying it will impede efforts to make gold an asset class, and dilute efforts to curb cash deals

Govt hikes Agri ministry allocation by 78%; PM-KISAN gets Rs 75,000 cr

PM-KISAN, launched just before the general elections, aims to give Rs 6,000 annually in three equal installments to 12.6 crore small and marginal farmers

Budget allocates Rs 235 cr for training bureaucrats at home and abroad

Under a separate head, Rs 156.77 crore has been allocated for the ongoing fiscal for training schemes

Budget 2019: Govt to further incentivise digital payments in businesses

Sitharaman said there are several low-cost digital modes of payment available such as BHIM UPI, UPI-QR Code, Aadhaar Pay, NEFT and RTGS that can be used to promote less-cash economy

Budget 2019: Govt lower fiscal deficit target to 3.3% from 3.4% for FY20

While presenting interim Budget 2019-20 in February, the government had pegged fiscal deficit target at 3.4 per cent