Page 6 - Budget 2019

Budget 2019: Full text of the memorandum of the Finance Bill tabled in LS

Here is the full text of the memorandum of the finance bill tabled in Lok Sabha

Google, Facebook made Rs 10,000 crore; paid Rs 200 crore as tax in India

Modi government plans to bring companies that derive revenues from Indian users but pay taxes elsewhere into the corporate tax net

Air India lost Rs 20,000 crore as Modi govt pumped Rs 24,000 crore

As Air India's sale becomes a top priority, the disappearance of Jet Airways among other factors could further sweeten the deal

Budget 2019: Slew of measures to give push to digital payments adoption

Govt has proposed no charge or merchant discount rate for companies with over Rs 50 cr turnover accepting payments digitally

If it moves, tax it: Desperation creeps into Indian economic policy-making

As with its tax grab, India's desperate focus on short-term fiscal fixes risks doing greater damage in the long term

Share buyback runs into tax roadblock, govt move may hurt repurchase

More than 70 companies, including software exporter Wipro Ltd, announced or completed Rs 354.6 billion of share buybacks in the first half of 2019

No, domestic demand alone won't induce foreign investors to come to India

Thinking India can induce enough private investment just because of the size of its market is a big mistake

Devaluing Budgets

What is remarkable about Budget 2019-20 is that it does not even make the pretence to be the financial statement the Constitution enjoins it to be

Budget to encourage more launches in affordable housing segment

Budget has proposed an additional deduction of Rs 1.5 lakh for interest paid on loans borrowed up to end-March, 2020 for purchase of an affordable house, valued up to 45 lakh

Taxing the super-rich

India needs a predictable, stable, and moderate rate of taxation

A push too hard

Digital payment mandates should be avoided

No clarification over FPI surcharge needed at present, says FM Sitharaman

There is no apparent basis to tax FPIs organised in different legal forms

Explained: Why off-Budget borrowings fall a statistical illusion

Internal and extra budgetary resources (IEBR) have been pegged at Rs 5.37 trillion for FY20 in the Budget Estimates (BE) against Rs 6.13 trillion in the RE for FY19

Govt likely to monetise Indian Railways' heritage routes and stadia

The railways heritage lines that are part of the UNESCO-accorded sites

Budget impact: FDI cap in insurance sector may be raised to 74%

The govt is also looking to allow FDI in information utilities at 100% through govt approval route

FPI surcharge makes markets see red; Sensex posts biggest fall in 9 months

FPI surcharge spooks indices; Sensex posts biggest fall in nine months

Budget impact: Exports may be counted as local sourcing for retail

Allowing sourcing through a third party or group companies is yet another concession

Leather industry fears supply crunch with export duty cut on raw hide

The move would adversely affect leather value chain from tanning to finished goods, especially at a time when finished leather exports were already down, it says

Derivatives strategies: 11,100-11,200 mark a key support for Nifty

The rupee has hardened however, with foreign portfolio investors selling equity but buying into rupee debt

Union Budget 2019: States to get smaller share in tax revenue, funds

According to Finance Commission formula, 42% of the divisible pool of tax revenue collected by the Centre has to be distributed to states