Page 5 - Budget 2019

Budget and macro challenges

There is little in the Budget to provide the necessary growth impetus to take the economy to $5 trillion

Nothing much for agriculture

Zero-budget farming is yet to establish its economic viability

The missing 'R'

Recap will help, but PSBs need wider reforms

No room for piecemeal policy changes

Policymakers must understand that the bit by bit tweaks in FDI norms, spread over long years, won't help in the long run

Imposed TDS levy after 448 entities withdrew Rs 100 cr each in a year: Govt

Over 1.03 lakh entities made cash withdrawals in the range of Rs 1-2 crore in 2017-18, totalling more than Rs 1.43 lakh crore

Govt committed to fiscal consolidation, helping infrastructure: Sitharaman

The government has set the fiscal deficit target at 3.3 per cent of GDP for 2019-20, says Finance Minister.

Budget 2019 lacks meaningful fiscal consolidation plan: Fitch Ratings

It further said some measures could weigh on growth over time, such as higher import duties on many products to 'provide a level playing field to domestic industry'

$30 billion wiped off stock in 3 sessions as doubts on higher tax lingers

The realisation that the new tax rate applies not just to the super rich but also to trusts - a structure of choice for a large number of foreign funds that invest in the nation

Modi govt needs more than tax breaks to make India an investment hub

India is missing out on global value chains because of its inadequate transport infrastructure, land and labor regulations and tax structure

Centre allocates Rs 75,000 cr for PM-KISAN to cover 145 million farmers

Nirmala Sitharaman has allocated Rs 12,000 crore less in the Budget for financial year 2019-20 towards the government's flagship income support scheme -- PM-Kisan-- that has been extended to cover all

No targeting of FPIs; higher tax on all super-rich: Finance Ministry

Sitharaman had in the Budget proposed to increase the surcharge, charged on top of the applicable income tax rate for the super-rich

Mid- and small-cap stock indices not yet out of the woods, say analysts

The proposal to increase public float, hike income tax surcharge, move to tax share buybacks and lack of stimulus to shore up economic growth has hurt investor sentiment

Budget impact: Govt may use MF route to meet disinvestment target

FoF are subject to higher short-term capital gains tax, given these are not treated as equity-oriented schemes for taxation purpose

Budget's flawed swadeshi objective

Only a more globalised Indian economy can deliver GDP of $5 trillion by 2024, not a protectionist one

More protectionism

Budget continues the mistake of raising tariffs

Budget impact: Companies bat for Customs duty rollback on ACs, TVs

Customs duty on ACs imported completely is 20%, following a 10% increase in September last year

Real estate developers hope budget proposals can ease liquidity crunch

The Budget, presented last Friday, provided Rs 70,000 crore for recapitalisation of public sector banks

Letter to BS: India needs a predictable, stable, moderate rate of taxation

Finance Ministers proposal of taxing the rich might be sound in principle but fails on the grounds of fairness and equity

Budget 2019: Rise in taxes to take a toll on category-III alternative funds

Budget 2019 mentioned an increase in the taxation of trusts and associations of persons

Budget 2019: Full text of the Finance Bill as tabled in Lok Sabha

Here is the full text of the Finance Bill as tabled by the first full-time woman finance minister of the country Nirmala Sitharaman