India Budget 2019

Union Budget 2019 laid down good platform for sustainable economic growth: Acuite Ratings

Finance Minister Nirmala Sitharaman in her maiden Budget address laid out a clear road map to make India a $5 trillion economy by 2024.

Union Budget 2019 envisions a 'New India', says FM Nirmala Sitharaman

Union Budget 2019 proposes FDI norm relaxation in media, aviation, insurance, single brand retail

The government will examine suggestions of further opening up of FDI in aviation, media, AVGC (Animation, Visual Effects, Gaming and Comics) and insurance sector in consultation with stakeholders,” the FM said.

Union Budget 2019-20 allocates Rs 3.19 lakh crore for defence, excluding pension

Total Defence Allocation (Rs 4,31,010.79 crore), including Defence Pension, accounts for 15.47 per cent of the total Central Government expenditure for the Financial Year 2019-20.

Union Budget 2019-20 aims to make India a global hub for manufacturing electric vehicles

The Finance Minister also said that the government has already moved to the GST council to lower the GST rate on electric vehicles from 12% to 5%.  

Union Budget 2019: Government to introduce schemes to encourage role of women in economic growth

Union Minister of Finance and Corporate Affairs Nirmala Sitharaman said in Parliament today that “the role of women is a very sweet story” in India’s growth particularly in the rural economy while presenting the Union Budget 2019-20.

Union Budget 2019: FM announces slew of provisions, exemptions, tax benefits for Indian start-ups

Start-ups and their investors who file requisite declarations and provide information in their returns will not be subjected to any kind of scrutiny in respect of valuations of share premiums, Nirmala Sitharaman said.

Union Budget 2019: FM says biz with less than Rs 5 cr annual turnover to file return quarterly GST

Nirmala Sitharaman also proposed to move to an electronic invoice system wherein invoice details will be captured in a central system at the time of issuance in Union Budget 2019.

Union Budget 2019: Stand-Up India scheme extended till 2025

Union Minister of Finance and Corporate Affairs Nirmala Sitharaman said that the Stand Up India Scheme has been extended up to the year 2025, while presenting the Union Budget 2019-20 in the Parliament today. 

Union Budget 2019: Who said what on Nirmala Sitharaman’s maiden budget

While members of the government and the BJP showered praises on the budget, members of the opposition expectedly criticised Nirmala Sitharaman’s budget speech.

Union Budget 2019: 3% increase in tax rates for those earning Rs 2-5 crore, 7% for income above 5 crore

Nirmala Sitharaman proposed to enhance the surcharge by 3% for people earning between Rs 2 to Rs 5 crore per annum. And for those earning more than Rs 5 crore, the rate has been proposed to be 7%.

Finance Minister has been very benign to Railways: Piyush Goyal on Union Budget 2019

Piyush Goyal thanked Nirmala Sitharaman for “strengthening the resolve of the Railways”.

Union Budget 2019: 25% Corporate Tax for firms with turnover up to Rs 400 crore

Nirmala Sitharaman said reduction in corporate tax rate will cover 99.3% of the companies. Now only 0.7% of companies will remain outside this rate.

Union Budget 2019: Government to bring ease in living through technology

Union Minister of Finance and Corporate Affairs Nirmala Sitharaman while presenting the Union Budget 2019-20 in Parliament today said that government aims to bring greater ease of living in the lives of its citizens through technology.

Union Budget 2019: Nirmala Sitharaman proposes measures to enhance sources of capital for infrastructure financing

Nirmala Sitharaman said that the government recognises that investment-driven growth requires access to low-cost capital and It is estimated that India requires investments averaging Rs 20 lakh crore every year.

Union Budget 2019: FM announces Rs 70,000 crore PSU bank recapitalisation

Nirmala Sitharaman presenting Budget 2019 said NPAs of commercial banks have reduced by over 1 lakh crore over the last year, record recovery of over 4 lakh crore due to IBC and other measures has been effected over the last four years.

Union Budget 2019: Nirmala Sitharaman lays down policy measures to promote growth, employment generation

Government has announced its intention to invest Rs100 lakh crores in infrastructure over the next five years, Nirmala Sitharaman stated.

ISRO gets new arm NSIL in Union Budget 2019 to market Indian space products

While NSIL will be a public sector enterprise, it will aid ISRO to tackle the benefits of its research and development, the FM said in her budget speech.

Union Budget 2019: Govt hikes divestment target to Rs 1.05 lakh crore

Nirmala Sitharaman in the Budget 2019 speech further informed that Government will undertake strategic sale of PSUs and continue to do consolidation of PSUs in the non-financial space as well.

Union Budget 2019: GST process simplified; businesses with annual turnover less than Rs 5 crore to file quarterly return

In order to further simplify the GST return filing process, Finance Minister Nirmala Sitharaman announced that taxpayers having an annual turnover of less than Rs 5 Crore shall file only quarterly returns. Presenting Union Budget 2019 at the Parliament on Friday, she said the threshold exemption limit for a supplier of goods is proposed to be enhanced from Rs 20 lakh to an amount exceeding Rs 40 lakh.