Page 26 - Budget 2019

Finance Ministry in 'quarantine' from Monday as Budget-making begins

With a government in place now, a full year budget will be presented by the new Finance Minister Nirmala Sitharaman, as the domestic economy suffered its worst slowdown in five years

Three PSU general insurers may get Rs 4,000-cr fund infusion in Budget 2019

The profitability of many general insurance companies has been under pressure owing to rising underwriting losses and higher claims

Why the FY20 fiscal targets are a long stretch for Modi 2.0 govt

The Street will take a higher fiscal deficit in its stride as long as the govt is transparent and realistic about its projections

CII comes out with new index to assess quality of Central, state budgets

The index has been constructed using UNDP's Human Development Index methodology, CII said

Tax officials may ask for 6% reduction in collection target in Budget 2019

The new finance minister, Nirmala Sitharaman, has already expressed concern over revenue collection at interactions with officials

Pralhad Joshi meets Sonia Gandhi, seeks cooperation in Budget session

Joshi's visit to Gandhi's residence is part of the government's exercise to reach out to the Opposition

FinMin asks citizens to submit suggestions on Budget 2019 by June 20

Finance Minister Nirmala Sitharaman will present the first budget of the Modi 2.0 government on July 5

Pre-Budget consultations between Jun 11-23; Sitharaman to meet economists

The state finance ministers are also expected to give their suggestions for Budget 2019-20 to the Centre during the GST Council meeting slated for June 20

Budget may spell out roadmap for banking sector reforms, consolidation

The first Budget of Modi 2.0 government is scheduled to be presented on July 5 by Finance Minister Nirmala Sitharaman

Experts press for tax exemptions, abolition of MAT in Budget 2019

Finance Minister Nirmala Sitharaman should consider increasing the income tax exemption limit to at least Rs 3 lakh and abolish minimum alternate tax (MAT) for companies to boost consumption and economic growth, suggested tax experts. Sitharaman, the first full-time woman finance minister, is set to present her maiden Budget on July 5 in the Lok Sabha. In the run up to Budget 2019-20, she would be holding intensive consultations with trade and industry bodies, besides other stakeholders. Industry chambers like CII and Ficci have already made detailed presentations on their suggestions for the Budget. "While India will not remain unaffected from the global economic situation and domestically too there are challenges, the common man does have lot of hope (from the Budget)," said Kuldip Kumar, Partner & Leader, Personal Tax, PwC India. In the interim budget presented in February, the government had extended full tax rebate to those having income of up to Rs 5 lakh without any change .

Budget 2019: FM Sitharaman may retain fiscal deficit target at 3.4% of GDP

Sitharaman and her team have begun Budget preparations in earnest, with the finance ministry under 'quarantine' from June 10 onwards

Big business unlikely to get corporate tax relief, LTCG tax may be raised

The LTCG tax on stock could be raised to mop up some additional revenue.

BJP poll promises may find mention in Sitharaman's maiden Budget speech

The government will aim to maintain a fiscal deficit target of 3.4% of GDP in 2019-20

Budget should promote food processing to boost farm incomes: Experts

The experts say public and private investment in the farm sector should be raised substantially

At Rs 40,000 cr, DoT seeks 6% rise in budget to boost rural connectivity

The allocation sought by the department in 2018-19 was Rs 38,000 crore but the same was revised to Rs 30,000 crore

Tax break to land reforms: 10 things wished from Sitharaman's first budget

Common people, industry groups and economists have given Nirmala Sitharaman their recommendations for the union budge. Here is a look at a few common things that everybody wants.

Govt may roll over Rs 62,000 cr in fuel, fertiliser subsidies to FY21

The measure has been necessitated because the Centre anticipates a shortfall in tax revenues this year

NBFCs ask Sitharaman for liquidity window, tax sops in Union Budget

NBFCs sought exemption from having to deduct tax at source for interest payments

Industry status, GST benefits: Anarock budget wish list for realty sector

Besides the usual demand for single-window clearance and industry status, Anarock Chairman Anuj Puri said the budget should include further tax sops to homebuyers

Weeks before budget, industry again bats for FDI in multi-brand retail

"In line with 100% FDI in food retail, a similar policy could be considered for multi-brand retail in products that can be fully manufactured in and sourced from India."