Page 7 - Budget 2019

Relaxed FPI norms in InvITs to help Reliance, Tata Power cut debt

The move will also help Embassy Office Park REIT

Public shareholding rule to bring additional Rs 57,000 crore to Tata Sons

Holding company will need to reduce its stake in TCS from 72% to 65%

Budget 'status quoist', does not seek radical reforms: P Chidambaram

Delivering a lecture on the "Union Budget - Will it deliver what it promises", he said there is nothing in the budget to take care of the 20% poorest of the poor

Nirmala Sitharaman allots 4.91% of budget to women-specific schemes

Figures hoisted by housing, gas connection schemes

Budget 2019: Tax reforms and sops must for plane leasing, say analysts

At present, a draft bill has been moved to give primacy to aircraft repossession rules over all other existing laws

Letter to BS: Budget was nowhere near laying out a long-range vision

There was no over-arching theme for Modi 2.0 nor was there a delineation of persisting core concerns of the economy

Budget's Rs 100 trn infra investments to buoy domestic steel use: Icra

Plan to build 19.5 mn rural houses over next three years will also strengthen steel consumption, ratings agency says in its Budget analysis

FMCG sector may lose its sheen as Union Budget, monsoon disappoint

Delay in demand recovery and higher stock valuations mean low margin of safety, say analysts

No need to clarify higher tax on FPIs due to surcharges: Nirmala Sitharaman

The government on Friday raised income tax surcharge on people with an annual income of more than 20 million Indian rupees

Mid, small-caps plunge; analysts see more pain ahead for markets

Besides the rejig of shareholding norms, the government's proposal to hike income tax surcharge on high net-worth individuals (HNIs) dented the market sentiment

Govt to soon issue clarification on applicability of surcharge on FPIs

There are concerns that the increased surcharge on super-rich could also affect foreign funds investing in India

Last two fiscals saw 381,000 new jobs in central govt depts: Budget

Budget documents give break-up of the jobs that were created in central govt departments in last two years

Tax proposal in Budget 2019 hits Indian companies' year of share buybacks

More than 70 companies, including software exporter Wipro Ltd., announced or completed Rs 354.6 billion ($5.2 billion) of share buybacks in the first half of 2019

Govt aims to cut stake in state-run cos to minimum required in FY20: Report

The government aims to raise Rs 400 billion from exchange-traded funds, the official told reporters. The official declined to be identified

Rs 70K-cr capital infusion in PSBs credit positive, to boost economy: S&P

The proposed Rs 70,000-crore capital infusion into public sector banks (PSBs) will provide a timely booster to these lenders, S&P Global Ratings has said. The move, announced in the Budget, is likely to be credit positive for the banking sector and the economy, S&P said in a note titled 'India's Budget attempts to address trust deficit in the financial sector. "We believe the capital infusion will help PSBs make necessary haircuts on their weak corporate loans and shore up their capital adequacy," said S&P Global rating credit analyst Geeta Chugh. The capital infusion will help some banks to come out of the central bank's prompt corrective action and resume lending and clean up their balance sheets, she added. S&P said it believe PSBs still require substantial reforms to improve risk management, service quality, efficiency, and diversity of product offerings. While the government has infused large amounts of capital into PSBs in the past few years, the progress on ...

Budget proposals bring in some incremental comfort, says Abhinav Khanna

The intended increase in public float to 35 per cent from 25 per cent currently should help boost liquidity in the stocks which fall in that category

Budget 2019: India won't become a superpower with these allocations

Only 3.4% of total federal spending was budgeted for education - down from 3.74% the previous year and from 4.3% when Modi took over in 2014

Budget impact: Infosys, 8 others face 20% tax burden on share buyback

These companies, which are buying back shares, will see costs rising

EV loan to excise duty on fuel: Here're good and bad moves in Budget 2019

Good move to make National Pension Scheme more attractive

Budget 2019: FM Sitharaman's 'bahi khata' held no surprises for judiciary

Law Commissions in the past have studied the problems of the judiciary