Page 8 - Interim Budget 2019

'Expect a market sell-off if FPIs remain unhappy about fiscal deficit'

Real estate developers get an extension on tax liabilities for notional income on unsold properties. That gives them some leeway in terms of time to shift unsold inventory.

Insurance firms expect Interim Budget proposals to boost penetration

For the insurance industry, the schemes aimed at boosting farmers' income and reducing tax outgoes for the middle-class will encourage consumption, insurers said

Budget 2019: Govt allocates Rs 3,900 cr for SPV to service Air India's debt

The Air India Asset Holding Ltd, a special purpose vehicle, has been set up as part of financial restructuring of the debt-laden national carrier

Budget 2019: Monthly mobile data usage up by 50% in last 5 years, says FM

Video consumption drove most of the usage, increasing to 460 crore hours per month, said FM Piyush Goyal in Interim Budget 2019 speech

Interim Budget 2019: Likely consumption boost only takeaway for India Inc

It's an out-an-out pre-election budget, say corporate leaders, even as absence of adverse tax moves gives them great relief

Interim Budget 2019 is a 'Jumlaa Bullet Express': Chhattisgarh CM Baghel

Pans Modi govt for failing to fulfil poll promises it made in 2014, scoffs at plan to build 100,000 digital villages

Housing sops will not change things for sector in any way: Andrew Holland

Whilst on the face of it, it is a positive, it's too small an amount to move the needle too much, says Andrew Holland

Centre allocates Rs 61,398 crore for health sector in Interim Budget 2019

The Budgetsaw an allocation of Rs 6,400 crore for the Centre's Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY)

Nabard hails Interim Budget 2019, says farmers will benefit from proposals

The interest subvention of up to 5% for fisheries and animal husbandry will help farmers

Interim Budget 2019: Petroleum subsidy raised by 51% to Rs 37,478 crore

Finance Minister Piyush goyal said in his Budget speech that the country's fiscal deficit would overshoot the 2018-19 Budget estimate to stand at 3.4%

India Inc welcomes inclusion of Healthy India as part of Vision 2030

The interim budget threw light on the Government's dedication to a healthy India with a distress-free healthcare system, says Apollo Hospitals Group Joint MD Sangita Reddy

Centre allocates Rs 60,000 crore for MGNREGA in Interim Budget 2019

The amount allocated for 2019-20 is 11 per cent higher compared to Rs 55,000 crore allocated for the year 2018-19

Budget 2019 announcement of Rs 17 a day an 'insult' for farmers, says Rahul

Presenting the Interim Budget, Goyal sought to address some of the distress that the farm sector has been facing

Interim Budget 2019: Market borrowing pegged at Rs 4.48 trillion for FY20

For 2019-20, the government also retains the fiscal deficit at 3.4% of the gross domestic product

Interim Budget 2019: Allocation to North East states to be increased by 21%

Goyal said Arunachal Pradesh has come on the air map recently and Meghalaya, Tripura and Mizoram have come on India's rail map for the first time

For every rupee in govt coffer, 70 paise comes from direct, indirect taxes

The collection from borrowing and other liabilities will be 19 paise, while mobilisation from Union Excise duty will be 7 paise

Interim Budget will help growth by helping farmers, middle class: India Inc

The interim Budget unveiled by Finance Minister Piyush Goyal on Friday will stimulate demand and boost economic growth, with a slew of sops for the middle class, farmers and workers in unorganised sector leading to more disposable income in their hands, India Inc said. Industry leaders including Gautam Adani, Anand Mahindra, ITC Managing Director Sanjiv Puri and Walmart India CEO Krish Iyer felt issues relating to farmers, unorganised sector workers and middle class were addressed in the Budget without 'risking bankruptcy of the economy'. "India's middle class, small traders and farmers are the lifelines of its economic growth. By catering to these ambitions #Budget2019 infuses hopes for millions of dreams," Adani Group Chairman and Founder Gautam Adani tweeted. Expressing similar views, Mahindra Group Chairman Anand Mahindra said in a tweet, "I was bracing for a populist, profligate budget driven by 'election panic.' I'm just grateful that the reliefs to the key middle class & ..

Govt allocates Rs 93,847 crore for education sector in Interim Budget 2019

While Rs 37,461.01 crore has been allocated for higher education, an amount of Rs 56,386.63 crore has been earmarked for school education

Interim Budget 2019 a road map for planning long-term investments

Capital Gain Exemption under 54 EA of Rs 2 crore (one time) - for buying the second house should boost demand for housing sector and housing finance companies.

Interim Budget 2019: You can invest capital gains in two houses to save tax

FM Piyush Goyal proposed changes to Sec 54 of Income Tax Act with a caveat capping capital gains to Rs 2 crore; until now, a taxpayer was given relief only on one house