Page 6 - Interim Budget 2019

Controlled hand-outs: Fiscal discipline maintained in an election year

It is hard to argue against hand-outs to the distressed, but one must not lose sight of the fact that the fiscal space for the hand-outs has been created partly by squeezing existing scheme' funding

A Budget clearly focused on polls

The rebate for individual taxpayers is not as bold as it looked when it was announced

Budget 2019: Interest subvention to ease pricing pain, push fishery exports

Subvention for fisheries comes at a time when Indian shrimp exporters are facing stiff competition from Ecuador, Indonesia and Vietnam and volume growth is expected to slow down this year

Budget 2019: Gold spot exchange, changes in GMS on cards, says document

Boost to rural income welcomed due to rub-off effcet on gold demand, but jewellers upset at no mention of duty cuts on raw material

Interim Budget 2019: Gross borrowing pegged at Rs 7.1 trillion for 2019-20

The fiscal deficit for the current fiscal was pegged at 3.4% gross domestic product, slightly higher than 3.3% projected earlier

Here's how the interim Budget impacts the farm and social sectors

The boost for the farm and the social sectors in interim Budget comes with certain riders. Experts at PwC India decode the impact of the measures proposed for these sectors

Interim Budget has benefits for property sellers, more savings on 2nd home

Besides LTCG tax relief, permitting taxpayers to declare two houses as self-occupied brings a huge relief.

A directional, balanced, growth-oriented Budget, says Deepankar Sanwalka

The Narendra Modi government's continued focus on infrastructure development, including in the energy sector and the blue economy are big positives

Interim Budget 2019: Pausing to pump-prime, says CRISIL's Dharmakirti Joshi

India's growth in fiscal 2020 will be driven largely by exogenous or luck factors and, to some extent, by budgetary initiatives

An aspirational, long-term Budget; 10-point agenda biggest takeaway: Goenka

What was surprising was the income-tax rebate for the salaried class. It is a very big jump from the current Rs 2.5 lakh

Interim Budget 2019: Goyal puts extra cash in pockets of middle class

Besides the increase in rebate from Rs 2,500 to Rs 12,500, a rise in standard deduction will also provide marginal benefit

Budget disappointing, 'PM-KISAN' won't help distressed farmers: Odisha CM

Odisha chief minister Naveen Patnaik said the Interim Union Budget for 2019-20 is deeply disappointing on some pointers, rating the pre-election Budget 2.5 on a scale of 10.Though Patnaik hailed the Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN), he felt the Budgetary announcement did not better his government's KALIA or Krushak Assistance for Livelihoods & Income Augmentation scheme."I welcome the direct benefit transfer proposed for small and marginal farmers on lines of our KALIA scheme. However, it would have benefited the farmers more if the quantum of assistance is equal or more than our KALIA scheme which is Rs 10,000 per year. Also, there is nothing for landless poor, share croppers and farmers in distress", the chief minister said in his reaction to the interim budget.Patnaik vented his deep disappointment with the National Social Security Scheme, pointing out that components like old age pension and other pensions have not been revised at all. "The state is ...

Prime Minister Kisan Samman is an apaman for farmers: Yogendra Yadav

Rs 6,000 per family per year amounts to an income support of Rs 500 per family a month. This is less than old age pension prevailing in at least more than half the states

Budget 2019: Incentive for farmers, more money for SC & STs, and more

Rs 58,166 cr is the allocation for the Northeastern states, up 21 per cent over 2019-20. Rs 19,000 cr is the allocation for the Pradhan Mantri Gram Sadak Yojana

Interim Budget 2019: Balancing of long- and short-term priorities

One must applaud the finance minister for containing and maintaining the fiscal deficit at 3.4% of the GDP for FY20

Budget 2019 has adequate funding for ongoing projects: Vinayak Chatterjee

Concern for the infrastructure sector has been fiscal headroom available to continue financing projects under implementation

Interim Budget gives more than expectations, says FICCI's Sandip Somany

It is heartening to note that greater allocation has been made for a number of socially and economically relevant areas

Raising I-T exemption limit will benefit the 'middle class': Jaitley

Jaitley noted that interim budgets are presented in an election year to seek a vote on account for a limited period till the post-election government can decide the further direction of the economy

Budget 2019: People will feel confident to spend more, says Godrej

The announcements, for instance, on personal taxation, especially for the middle and lower middle-class, are good

Interim Budget: Tyre makers see demand push, easing of raw material issues

Industry body lauds move to improve connectivity and infra in north east, a major rubber growing region; hopes issue of inverted duty will be addressed