PM Narendra Modi hailed Finance Minister Nirmala Sitharaman's maiden Budget as a 10-year vision. Here are the key takeaways of Budget 2019
Government is expecting around Rs 20,000 crore as additional transfers from the RBI
Crude prices have fallen from around $71.34 a barrel in 2018 to $66 a barrel this year
Nominal GDP expected to grow 12% YoY
Government expects 19 per cent growth in Customs collection
If one compares returns, the two public-sector ETFs have done better over the past year, but the ELSS category has done better over the trailing three and five years
Sitharaman slashes FY20 forecasts by 13% from Goyal's February Budget Estimates
The NPS exemption has been increased to 60% as promised earlier
The government had introduced Section 54GB in FY13
The main emphasis of the speech is on the expansion of existing programmes and the initiation of new programmes
Employment needs to be rethought because mechanisation is going to lead to fewer jobs
Tax experts said that in FY17 around 80,000 people had reported incomes of over Rs 1 crore
On the foreign investment front, ensuring a harmonised and hassle-free investment experience for foreign portfolio investors will help enable large cross-border capital flows
The policy thrust on providing parity between scheduled banks and NBFCs in their tax treatment is a welcome move
In all probability, the end of the year will see the same jugglery with the subsidy payments that we saw this year to keep the deficit figure on target
A snapshot of the key numbers released by Finance Minister Nirmala Sitharaman in Union Budget 2019
Defence spending is falling in percentage terms even though all military purchases are now subject to GST
The budgetary allocation to flagship schemes for women has seen a rise this year
By issuing the bonds, however, the government will have to manage its policies extremely well
On the whole, the finance minister has done remarkably well to trim the fiscal deficit to 3.3 per cent of GDP