Page 10 - Budget 2019

Will generate PAN at back-end if not linked to Aadhaar: Revenue Secretary

We have used the facility of interchangeable use of Aadhaar and PAN for the convenience of people, said Revenue Secretary Ajay Bhushan Pandey

Budget 2019 strikes a balanced tone: HDFC Life Insurance's Vibha Padalkar

Also, any measure that promotes digital payments and use of technology (for example, pre-filled tax return) will aid our business

Foreign sovereign debt concerns stem from fear of the unknown: Garg

There are sovereigns which have done very well, built up a very good benchmark around them, and there are some that have not, said finance secretary Subhash Chandra Garg

Budget announcements to promote Make in India initiatives, MSMEs: DPIIT

The minister has said 100 per cent foreign direct investment (FDI) will be permitted for insurance intermediaries and local sourcing norms will be eased for FDI in single brand retail sector

Union Budget 2019: Defence salary bill leaves less for new weaponry

Government sources argue this year's capital allocation of Rs 108,248 crore cannot be increased further, since it already accounts for one-third of the central government capital expenditure

Union Budget 2019: Measures taken to tighten the screws on tax avoidance

Steps like widening the scope of TDS and compelling businesses with revenue above a threshold to offer electronic payment will make tax avoidance harder

Budget lays road map for India to get back on high growth track: Jaitley

Jaitley said several sectors of interest to the middle class and the neo-middle class, like affordable housing and electric vehicles, have been incentivised

Govt plans relief for debt-laden BSNL, MTNL through revival package

While overall budgetary allocation for telecom PSUs has gone down by 15%, the one in BSNL and MTNL has gone up for the current fiscal (2019-20)

Water grid programme set to connect India with Bangladesh seamlessly

In October 2018, India and Bangladesh signed a pact for enhancing inland and coastal waterways connectivity between the two countries for trade and cruise movements

Budget 2019: Is the rationalised GST target still too ambitious?

CGST would have to average Rs 47,358 cr a month for rest of FY19 compared to Rs 33,257 cr so far

Budget 2019: Petrol, diesel get dearer by Rs 2 a litre on excise duty hike

In Delhi, petrol is being sold Rs 2.45 higher at Rs 72.96 per litre and diesel at Rs 66.69 per litre after a Rs 2.36 hike

Budget 2019: Govt's EV push casts shadow on traditional automobile sector

The incentives for EVs came even as the government increased duties on petrol and diesel

Critics of $5-trillion economy are 'professional pessimists', says PM Modi

PM Modi said India should use its demographic dividend to join the league of developed countries

Budget steps on NBFCs to boost consumption, says FM Nirmala Sitharaman

The government will allow NBFCs to raise funds in public issues

Corporate tax cuts don't go far enough

The single most long-standing demand of India Inc has been a reduction of the corporate tax rate

Departure from the past

The BJP has made many procedural changes to the Budget exercise

How India's present drought-like situation is similar to 1943 Bengal famine

As in 1943, India's poor and landless (whether in urban or rural areas) are the ones who suffer, while the wealthy and landed prosper

NBFC crisis has bottomed out; govt, RBI will monitor situation: Sitharaman

Sitharaman in her Budget on Friday announced a series of steps to give relief to non-banking financial companies facing cash crunch following the collapse of IL&FS last year

Sitharaman's maiden Budget dashes hopes of renewable energy developers

The Budget has marginally raised the allocation for MNRE to Rs 5255 crore from last year's Rs 5147 crore

Unconventional Budget sets out agenda for Modi 2.0 govt: Niti Aayog VC

He said there have been very strong efforts in this year's Budget to attract private investments and to create a feeling of assurance within the investor community.