Page 4 - Interim Budget 2019

Well done Railways!

The provisions in the interim Budget presented on Friday reflect the robust revenue growth

Fiscal deficit target optimistic

We believe some of the other expenditure such as bank recapitalisation, petroleum, and fertiliser subsidy to require an upward revision that will push the overall expenditure

A bridge to the future

There were no major outlay announcements, but the Budget broke convention by announcing sops for rural households and the middle-income population

Interim Budget eases GST estimate, collection rises to 84% of target

The mop-up touched Rs 1.03 trn in Jan, taking the collection since April 2018 to Rs 9.71 trn

Interim budget 2019: Soon, assessment and refunds for taxpayers in 24 hours

Technology-led improvements being undertaken by the government will result in a more user-friendly experience for taxpayers

Not an Interim Budget: Mr Goyal's first has all features of a full Budget

No interim budget in the past also announced as big an income-tax concession as Mr Piyush Goyal did

Tax rebates for middle class to benefit travel, tourism sector: Industry

Various initiatives in the interim budget such as tax rebates for the middle class will benefit the travel and tourism sector, industry players said. "On the whole, the interim budget is promising for the travel industry, complemented by further tax rebate for the middle income group more savings, more travel," said FCM Travel Solutions MD Rakshit Desai. Expressing similar views, EaseMyTrip Co-Founder & CEO Nishant Pittie said the budget announced promising initiatives that will definitely augur well for the Indian travel and tourism industry. The focus on tax rebates for the middle class has brought a sigh of relief for them and now they will be able to spend more on vacations. The government has increased the funds for the tourism ministry to Rs 2,189.22 crore for 2019-20. "The exemption of income tax for middle and lower class segment of the society will increase the disposable income, which in line will trigger demand across consumer focused industries," Royal Orchid Hotels .

Implementing farmers' income support scheme may face roadblocks: Experts

According to the experts, the government might have announced the initiative to boost immediate consumption-led growth of the economy

Behind the speech

Budget speeches conceal more than they reveal

Parkash Singh Badal, Sukhbir Badal had nothing to say on the Budget. Why?

This is the first time that SAD, which praised the Budget last year, hasn't quite been eloquent about the Budget this time

Interim Budget 2019: Tax waiver on notional rent gives respite to realtors

The interim budget has focussed on right areas to alleviate the stress in the housing sector

Budget 2019: Modest 6.35% hike in defence budget, govt talks up OROP

The defence allocation for the coming year will account for 15.5 per cent of the central government's expenditure, and 2.05 per cent of the estimated GDP

Interim Budget 2019: No income tax on income of up to Rs 5 lakh a year

Standard deduction has been raised from Rs 40,000 to Rs 50,000, which will benefit 30 million salaried individuals

In Modi's pro-farmer, pro-middle class Budget, here's what was missing

Conscious of unfulfilled promises and a patchy performance meant Goyal curbed use of 'development,' 'manufacturing,' 'growth' and 'infrastructure' unlike previous years

Centre aims for an ambitious 18% growth in overall GST mop-up in FY20

For FY20, the Centre has increased the direct tax collection target by 15 per cent to Rs 13.8 trillion

Interim Budget has sops for voters, slips on fiscal deficit target again

Goyal broke with interim budgets' precedent to announce a tax cut: a rebate for taxpayers with a taxable income of less than Rs 5 lakh who would now, in effect, pay no income tax

Centre's non-tax revenue growth pegged at 11.2% to Rs 2.72 trillion in FY20

Centre expects Rs 28K crore interim dividend from RBI; disinvestment target raised to Rs 90K crore for FY20

Experts cast doubt on new pension scheme for unorganised sector workers

The govt expects at least 100 million labourers and workers to sign up for the new scheme within the next five years

Interim Budget 2019: Income support scheme leaves farmers unhappy

Rs 6,000 a year being called a 'pittance'; land records another issue

Budget at a glance: Key numbers from Interim Budget 2019

Here is a snapshot of the key numbers released by Finance Minister Piyush Goyal in Interim Budget 2019