Page 8 - Budget 2019

India's highest personal tax rate still lower than those in China, US: Govt

Following the increase in surcharge, the effective income tax rate for individuals with taxable income of Rs 2-5 crore will go up from 35.88 per cent to 39 per cent

ZBNF technique has been tested extensively and it does work, says Palekar

This technique can very much be scaled up and used by all farmers in India but it won't happen overnight

The algebra of state spending

Net tax revenues are expected to surge by 25.3 per cent, non-tax ones by 27.2 per cent & disinvestment by 23.5 per cent

Budget 2019: NHB to retain power to inspect, penalise housing finance firms

NHB may also independently inspect the books of the HFCs, according to provisions of the Finance Bill, 2019

Is Subhash Palekar's zero budget natural farming solution to farm woes?

As on date, ZBNF is being implemented in 131 clusters covering 704 villages under the Centre's Rashtriya Krishi Vikas Yojana

A pinch here, a windfall there: Govt's fuel tax earning explained in charts

The effective tax on petrol now stands at 105 per cent, or Rs 35.5 per litre, and excise duties contribute a healthy Rs 20 per litre

Nirmala Sitharaman to address post-budget RBI board meet on Monday

The Finance Minister would apprise the board of various other announcements made in the Budget to spur growth

Budget impact: Sebi may give listed firms two years for 35% public holding

Regulator, however, concerned with implications of takeover code; to start public consultation soon

Budget 2019: India redirects foreign aid to Indian Ocean countries

After Bhutan, which has been allocated Rs 2,802 crore this year, tiny Mauritius will be the second-largest recipient of Indian aid

Budget impact: Super-rich tax hits 1,000 executives in corporate India

Overall, 901 listed companies had 1,720 officials earning more than Rs 1 crore in FY18

New Budget, old outcome

Many parts of the speech had little to do with the Union Budget, says the author

The good, the not-so-good and the tricky

In the aftermath of the Union Budget, the onus of igniting the animal spirit seems to be on the RBI. More rate cuts are on the cards

Handle with care

Sovereign borrowing in foreign currency has inherent risk

The right figures

The Budget should have used up-to-date data on revenue

Accelerating growth

An export-led backward integration strategy for manufacturing and business services is essential for accelerating economic growth

Budget 2019: Boost for EVs evokes mixed reactions from auto industry

The income tax rebate of Rs 1.5 lakh for EV buyers along with GST rate of 5% will encourage buyers in the personal mobility space to "seriously consider EVs", believe industry experts

Budget impact: Electronic, fashion brands may accelerate India plans

Finance Minister Nirmala Sitharaman said the 30 per cent local sourcing norms in single-brand retail would be relaxed as she sought to make India an attractive destination for foreign players

TDS on Rs 1-crore cash withdrawal aimed at cracking down on black money

The ministry said that the 2% tax, announced in last week's budget and to start in September, was prompted by information showing misuse

Budget 2019: Liquidity support to banks does not rescue weak NBFCs

The Budget allowed more NBFCs to come to the bill discounting platform TreDs, potentially solving the funding need for MSMEs

Budget misses scrappage policy which is key for CV revival, says industry

Icra maintains a stable outlook for the domestic CV industry, expecting it to grow in the range of 7-9% during FY2020