Page 2362 - Economy & Policy News

Top 10 Budget headlines: Income tax rebate, fiscal deficit target, and more

Here are the top 10 business stories that made news on Friday

Tax benefits for above Rs 5 lakh income group may be considered next: Goyal

As the nation is moving towards formalisation, the tax base and revenues are also increasing, says Piyush Goyal

Tax rebate a logical extension of steps taken by govt since 2014: Jaitley

Jaitley said that for the past 5 years, the government has been giving relief in direct taxes and whatever has been done in Interim Budget 2019-20 is a continuation of what started in 2014

Gold steadies near nine-month peak, on track for second weekly gain

Gold is likely to consolidate in the $1,315-$1,320 range

Moody's says Interim Budget credit negative on fiscal deficit, giveaways

However, Moody's welcomed policies aimed at promoting expenditure efficiency through rationalisation of government schemes and better-targeted delivery as 'credit positive'

Here's how the interim Budget impacts the farm and social sectors

The boost for the farm and the social sectors in interim Budget comes with certain riders. Experts at PwC India decode the impact of the measures proposed for these sectors

Budget disappointing, 'PM-KISAN' won't help distressed farmers: Odisha CM

Reacting to Interim Budget 2019, CM Naveen Patnaik also expressed his disappointment with the National Social Security Scheme

Interim Budget: Tyre makers see demand push, easing of raw material issues

Industry body lauds move to improve connectivity and infra in north east, a major rubber growing region; hopes issue of inverted duty will be addressed

FMCG, retail and auto see good business from Modi govt's last Budget

CEOs of FMCG, retail and auto companies say demand will improve as discretionary income will go up

Interim Budget 2019: Much-awaited push for realty, home sales may spike

In an effort to push the PM's housing-for-all, govt announces a whole set of tax reforms for the sector

Govt pegs FY 20 GST collections at Rs 7.61 trillion, misses FY19 target

Presenting the Interim Budget for 2019-20, Finance Minister Piyush Goyal said in spite of major rate reductions and relaxations, revenue trends are encouraging

Budget 2019: Monthly mobile data usage up by 50% in last 5 years, says FM

Video consumption drove most of the usage, increasing to 460 crore hours per month, said FM Piyush Goyal in Interim Budget 2019 speech

Interim Budget 2019: Likely consumption boost only takeaway for India Inc

It's an out-an-out pre-election budget, say corporate leaders, even as absence of adverse tax moves gives them great relief

Govt expects Rs 28,000 cr interim dividend from RBI: DEA Secretary S C Garg

When asked how much interim dividend the government expects from the RBI, DEA Secy Garg said, 'Rs 28,000 crore'

Interim Budget 2019: Market borrowing pegged at Rs 4.48 trillion for FY20

For 2019-20, the government also retains the fiscal deficit at 3.4% of the gross domestic product

For every rupee in govt coffer, 70 paise comes from direct, indirect taxes

The collection from borrowing and other liabilities will be 19 paise, while mobilisation from Union Excise duty will be 7 paise

Interim Budget will help growth by helping farmers, middle class: India Inc

CII Director General Chandrajit Banerjee said the Budget for 2019-20 touched the right notes for stimulating demand and growth in the economy

Interim Budget 2019: You can invest capital gains in two houses to save tax

FM Piyush Goyal proposed changes to Sec 54 of Income Tax Act with a caveat capping capital gains to Rs 2 crore; until now, a taxpayer was given relief only on one house

Interim Budget 2019: Auto stocks rise with FM Piyush Goyal's rural push

Hero MotoCorp leads rally, other big gainers include Maruti Suzuki and Ashok Leyland; EV makers seek time-bound plan achieve govt's 2030 mission

Budget 2019: Over Rs 240 cr allocated for training of bureaucrats, says FM

On the other hand, a sum of Rs 30.26 crore was allocated for transparency watchdog Central Information Commission