Union Budget 2019
India will need more than tax incentives to compete with Southeast Asian peers.
CBDT says FPIs and AIFs can register as corporates instead of a non-corporate structure or trust to avoid paying higher surcharge.
Government seeks to bring in large volumes of foreign investments. This is the proposal on how..
It’s an old saw of India’s budget documents -- the devil lies in details of the fine print.
Budget 2019 outlines some economic reforms to support the Indian economy but fiscal stance was left broadly unchanged, says Fitch.
The proposed tax may affect share purchases worth 100 billion rupees that are in progress.
The centre needn’t share revenue realised from surcharge on individuals earning above Rs 2 crore, according to an official.
Foreign investors have an option to convert into a corporate entity to avail of lower rates, says a Finance Ministry official.
The Budget 2019 has shown that there is no inaction on the government’s part, says Finance Minister Nirmala Sitharaman.
The government has identified ONGC, Indian Oil, NTPC and GAIL India as probable candidates for cutting its stake to below 51%.
Former RBI Central Board Director Indira Rajaraman said fiscal consolidation was not a target of the budget.
A note of caution is creeping in among bond traders over India’s latest budget.
India’s proposal to issue sovereign bonds in the foreign market is a confident step, says Desai.
Decoding the Union Budget 2019-20.
The FM’s 2-hours at the crease can be divided into 3 clear spells, as she went from aggressive batswoman to erratic accountant.
The surcharge burden on foreign investors and buyback tax impact on all investors.
A steep jump on tax rates is sending a damaging signal to globally mobile professionals.
The government’s new budget offers hope that the country can beat the current slowdown, but not its long-term challenges.
Investors will pour funds into India’s foreign-currency bonds but emerging-market debt won’t get high demand in long run: DBS.
The budget’s changes could lead to an upward rise in the prices of automobiles and a further slump in sales.
The Indian government’s decision to borrow in foreign currency has benefits but will need to be treated with extreme caution.
There’s huge appetite for India’s debt in the foreign market, according to a top finance ministry official.
The Budget’s announcements on startups and the Angel Tax need to be implemented on-ground immediately.
Finance Minister Nirmala Sitharaman removed impediments in Income Tax Act that are aimed at benefiting distressed entities.
Nirmala Sitharaman hiked import duty on gold and other precious metals in the Budget to 12.5 percent from 10 percent.
Finance Minister Nirmala Sitharaman is scheduled to address the post-budget meeting of the RBI’s central board on Monday.
India’s government is keen to sustain the hyper-growth of its tech scene, and it thinks reality TV may be the answer.
The government’s decision to step up capital infusions into PSBs will help improve the flow of credit to the economy.
The government proposed easing rules for foreign investors, while pledging to boost infrastructure spending to help spur growth.
Finance Minister Nirmala Sitharaman is expected to boost spending and provide income tax relief to consumers in Budget 2019.
They said the first phase of the session will be from Jan. 31 to Feb. 11 and the second will be from March 2 to April 3.
Since derivatives are considered as capital assets for FPIs, they would also be exempted from the levy of an enhanced surcharge.
Foreign investors turned net sellers for the first time in six months.
There’s another addition to the list of those worried about India’s tax surcharge on the super rich eating into FPI inflows.
Have amendments in the Finance Bill 2019 put onerous conditions on charitable trusts and tax authorities to ensure compliance?
“Forget about raising animal spirits, you have scared people into doing nothing,” says Samir Arora of Helios Capital.
Overseas investors net sold $698 million worth of stocks of IT companies between July 1 and July 15.
India’s equity indices shed more than 3 percent since July 5, the day Budget 2019 was presented in Parliament.
Budget 2019 attempts to give a boost to onshore fund management but it isn’t enough, experts say.
The finance minister promised reprieve for startups, yet founders continue to remain sceptical.
FPIs withdrew a net Rs 4,954 crore from equities in the first 15 days of July—the highest so far in 2019.
To paraphrase ‘Hotel California’, issuers of sovereign bonds end up as prisoners of their own device, writes Shankkar Aiyar.
Government should look at the Maruti model for privatisation of PSUs.
Sitharaman said inflation has not been allowed to raise it head and been kept under tight control.
A steep jump on tax rates is sending a damaging signal to globally mobile professionals.
The Budget projected to lower fiscal deficit to 3.3 percent from 3.4 percent.
The surcharge burden on foreign investors and buyback tax impact on all investors.
The government’s new budget offers hope that the country can beat the current slowdown, but not its long-term challenges.
Investors will pour funds into India’s foreign-currency bonds but emerging-market debt won’t get high demand in long run: DBS.
There’s huge appetite for India’s debt in the foreign market, according to a top finance ministry official.
Finance Minister Nirmala Sitharaman is scheduled to address the post-budget meeting of the RBI’s central board on Monday.
India’s government is keen to sustain the hyper-growth of its tech scene, and it thinks reality TV may be the answer.
Finance Minister Nirmala Sitharaman urged India’s wealthy to make a larger contribution to the nation’s growth.
Homebuyers can claim an additional tax deduction of Rs 1.5 lakh on interest payments towards their mortgage. Find out how.
Move likely to encourage smuggling: All India Gems & Jewellery Domestic Council Chairman Anantha Padmanaban.
The government’s decision to step up capital infusions into PSBs will help improve the flow of credit to the economy.
The Indian government’s decision to borrow in foreign currency has benefits but will need to be treated with extreme caution.
The government proposed easing rules for foreign investors, while pledging to boost infrastructure spending to help spur growth.
Three former Indian central bank officials have opposed the government’s plan to sell sovereign bonds in the overseas market.
Finance Minister Nirmala Sitharaman has stuck to a plan to narrow the fiscal deficit over time by keeping spending in check.
India will also examine relaxing foreign direct investment rules in the aviation sector, Sitharaman said, without giving details
RBI had approved 280 billion rupees as an interim dividend to the government in February.
Revenue from corporate tax in India will likely overtake collections from a consumption levy in the current financial year.
Move likely to improve access to funding for NBFCs by providing guarantees for purchases of their assets.
Sovereign bonds rallied after Finance Minister Nirmala Sitharaman said India will borrow overseas.
Nirmala Sitharaman maiden speech saw a lot of table-thumping by her party members and allies as the opposition silently looked on.
The Budget’s announcements on startups and the Angel Tax need to be implemented on-ground immediately.
The budget’s changes could lead to an upward rise in the prices of automobiles and a further slump in sales.
Finance Minister Nirmala Sitharaman removed impediments in Income Tax Act that are aimed at benefiting distressed entities.
Nirmala Sitharaman hiked import duty on gold and other precious metals in the Budget to 12.5 percent from 10 percent.
Those criticising Centre’s $5-trillion economy target are professional pessimists, said the Prime Minister.
The use of tax deduction at source to discourage use of cash and track the cash-flow is a “smart idea”.
Banks, other institutions will make upgrades to allow acceptance of Aadhaar in all places where quoting PAN is now mandatory.
He also said the government expects Rs 90,000 crore from the Reserve Bank of India as dividend during the current fiscal.
She announced a series of steps to give relief to NBFCs facing a cash crunch following the collapse of IL&FS last year.
The FM’s 2-hours at the crease can be divided into 3 clear spells, as she went from aggressive batswoman to erratic accountant.
Since the Modi government came into power in 2014, excise duty on petrol and diesel has been cut twice and raised 10 times.
Why the Sabka Vishwas Legacy Dispute Resolution Scheme is the single-biggest policy formulation in Budget 2019.
A “New India” was on the threshold of racing ahead, says PM Narendra Modi on Budget 2019 that was presented Friday.
Imposition of 2 percent TDS on cash withdrawals would compromise liquidity position of tea estates, says Indian Tea Association.
Budget 2019 creates a political direction for an aspirational India, says former Finance Minister Arun Jaitley.
Budget allocation to agriculture rose 92% from Rs 67,800 crore in the revised estimates for FY19 to Rs 1.3 lakh crore in FY20.
Government to provide short-term partial credit guarantee to high-rated pooled assets of NBFCs.
Now that the Budget is presented, you should get your tax planning out of the way.
Taxes on gasoline and diesel -- the most used transport fuels -- have been increased by 2 rupees a liter each.
TCS is among firms that may need to sell billion-dollars of shares after India proposed to raise minimum public shareholding.
Here are the key takeaways from the Budget 2019...
The government announced several tax incentives to units in GIFT city, India’s first international financial services centre.
The government aims to reduce import dependence, protect small businesses and curb non-essential imports.
Here are three key Budget 2019 proposals related to trading in capital markets.
Finance minister proposed a matchmaking television channel for startups and investors.
Sitharaman announced a new scheme to promote processing in fishery sector and allocated an estimated Rs 3,737 crore.
A dispute resolution-cum-amnesty scheme for settling such legacy cases has been proposed by Nirmala Sitharaman.
The government has proposed many incentives, including an arrangement for resolution of pending assessments of income tax cases.
Government will soon unveil a package for power sector to achieve the objective of ‘One Nation One Grid’, says Finance Minister.
Finance Minister said the government is developing 17 iconic tourism sites into world-class tourist destinations.
The government has proposed to separate the National Pension Scheme Trust from pension regulator to address conflict of interest.
The government will provide investment linked income tax exemptions under 35AD of the IT Act and other indirect tax benefits.
Government would offer more Central Public Sector Enterprises for strategic participation by the private sector: Finance Minister.
The policy is aimed at alleviating housing shortage in urban areas by encouraging renting of homes.
The highest cut of 47.34 percent in the investment has been done for Power Grid Corporation.
To make it easy, the government said the tax deducted could be deposited in the treasury using his or her PAN only.
Goyal said there will be no relaxation in the requirement of 30 percent local sourcing.
The government will set up a National Research Foundation to fund, coordinate and promote research in the country.
This is 115 percent less than Rs 9,700 crore that was given to it during 2018-19 fiscal.
The funds allocated for RTI dropped by Rs 3.5 crore.
Budget 2019 lowered fiscal deficit projection for the current financial year to 3.3 percent.
The government has infused record amounts into PSU banks in the last five years
Special additional excise duty and road and infrastructure cess will be hiked by Re 1 each on every litre of petrol and diesel.
Budget 2019: capital market reforms find focus in Sitharaman’s first budget.
Finance ministers before Sitharaman used to carry budget documents in a briefcase.
The telecom sector is reeling under debt of around Rs 7.8 lakh crore.
RPG Enterprises Chairman Harsh Goenka said the budget was a blueprint to achieve exponential growth.
The ministry, currently headed by Amit Shah, received a modest 5.17 percent hike over the revised estimate for 2018-19.
Nirmala Sitharaman has announced that a lower corporate tax rate will now apply to a larger number of companies.
The fiscal deficit this year is 3.3 percent brought down from 3.4 percent, says FM Nirmala Sitharaman in her budget speech.
The industry is heavily dependent on imported cashew and the import duty has made the domestic processing unviable.
The outlay for the two ministries rose by 1.82 percent and 7 percent, respectively.
Finance Minister Nirmala Sitharaman presented the Union Budget 2019 in Parliament today.
Amendment in the definition of demerger becomes effective from April 1, 2020.
The government will levy a 2 percent TDS for cash withdrawals above Rs 1 crore to discourage businesses from paying in cash.
The health outlay for this financial year saw an increase of around 19 percent over the 2018-19 fiscal.
The government proposed to increase customs duty on stainless steel products by 2.5 percent to 7.5 percent.
The budget does nothing to create jobs, Tharoor says.
The surcharge on the super-rich would help garner additional income of around Rs 12,000 crore this fiscal on the direct tax side.
The outlay for defence almost remained unchanged compared to what was allocated in the interim budget on Feb. 1.
Former RBI Governor C Rangarajan sees no compelling reason why the government needs to borrow foreign currency bonds.
Nearly Rs 75,000 crore will allotted for the Pradhan Mantri Kisan Samman Nidhi, according to the budget document.
Taxpayers will get benefit of additional deduction of up to Rs 1.5 lakh from taxable income for buying electric vehicles on loan.
Congress’ Spokesperson Randeep Surjewala asked if a ‘mundane jugglery of acronyms’ can pass off for vision for a ‘New India’.
The finance minister said an increase in minimum public shareholding will deepen the markets and enable wider participation.
India is set to become $3 trillion economy, and structural reforms are needed to reach $5 trillion in the next few years, says FM.
Sitharaman outlined a host of measures to boost infrastructure, digital economy and jobs creation to achieve $5-trillion economy.
The government to provide pension for retail traders with annual turnover less than Rs 1.5 crore.
India expects to earn Rs 24.6 lakh crore as gross tax revenue in 2019-20.
Government Banks On Surge In Revenue, Large Dividends & Divestment Proceeds
Railways got an allocation of Rs 65,837 crore, and highest ever outlay for capital expenditure amounting to Rs 1.60 lakh crore.
Businesses with turnover of over Rs 50 crore can offer low-cost digital payments without any charges, says Sitharaman.
Live updates on how Sensex and Nifty are moving today, ahead of Finance Minister Nirmala Sitharaman’s Union Budget 2019.
The new scheme will invite companies to set up mega manufacturing plants in advanced technology areas.
Startups in India are taking firm roots and their growth needs to be encouraged, says the finance minister.
It will serve as a platform for discussing issues affecting their growth and match-making with venture capitalists, she said.
The move will allow those who do not have PAN to file income tax returns.
Sitharaman said the government will provide income tax deduction of Rs 1.5 lakh on interest paid on loans for purchase of EVs.
The finance minister raised special additional excise duty and road cess on petrol and diesel by Re 1 per litre each
Real gross domestic product growth for the fiscal year started April 1 is projected at 7%, the Finance Ministry said.
Budget 2019: Indian Government To Issue Sovereign Dollar Bonds
The government will allow 100% foreign direct investment in insurance intermediaries to boost the insurance sector.
The government estimates fiscal deficit at 3.4 percent of the GDP in FY20.
The government plans to reinitiate the strategic divestment of Air India and other CPSEs.
The necessary proposals have been made in the Finance Bill 2019, Sitharaman said.
Prime Minister Narendra Modi has his first chance since a decisive election win to spur an economy.
Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
India’s first full-time woman finance minister may want to focus on gender equality.
The number of high net-worth individuals with declared income are very few, said Vivek Gupta, national head of M&A/PE Tax at KPMG.
The recovery value represents nearly double the liquidation value, according to the Economic Survey.
Economic Survey 2019: Planning for changing needs in education and healthcare.
Economic Survey 2018-19 seeks to put behavioural economics to use in resolving India’s age-old economic problems.
If information in datasets is utilised together, it can help reduce targeting errors in welfare schemes, the survey said.
Look at the financial sector’s recent troubles as symptoms and not root causes. Here’s how to address the latter.
Newly appointed Finance Minister Nirmala Sitharaman will present her first budget on Friday.
Economic Survey 2018-19 makes a case for incentives for large firms instead of dwarf MSMes.
Catch all live updates on the Economic Survey 2018-19 by KV Subramanian here.
The economic survey proposed to set up a “national floor minimum wage” for all workers across five geographical regions.
The first Economic Survey presented by Chief Economic Adviser Krishnamurthy Subramanian.
The deficit won’t deter foreign investments if higher slippages are aimed at improving India’s economic performance, Mobius said.
Bond traders have one question as they head into India’s budget on Friday -- how big are the off-balance sheet borrowings?
A surprise pick by Modi, the new minister remains a relatively unknown entity to the financial world.
A few simple tricks can have you paying much less tax.
The tax bonanza in interim budget is unlikely to repeat in Union Budget 2019.
Aam Aadmi. Startups. Insolvent Companies. Capital Markets. India Inc.—will Budget 2019 deliver on the tax front?
Finance Minister Nirmala Sitharaman will present the first budget of the second term of Narendra Modi government on July 5.
The Indian government, buffeted as it is with questions about the accuracy of, among other things, its GDP estimates.
The interim budget, announced on February 02, had raised the budget outlays for six key schemes targeted at the rural economy.
Traders say Modi has room to loosen the purse strings as inflation is subdued.
This simple guide will tell you how tax is calculated and how to reduce your tax outgo.
Budget 2019: The personal tax changes in simple english and math
Tarring entire groups of directors and auditors with the same brush, can run counter to the objective of cleaning up the system.
Neelkanth Mishra of Credit Suisse and Sajjid Chinoy of JPMorgan debate the growth slowdown and the fixes needed.
Reasons for the growth slowdown and least disruptive policy actions, according to Neelkanth Mishra and Sajjid Chinoy.
Policymakers continue to hope that globalisation’s gravy train will return. This could end up in tears, warns Jahangir Aziz.
Maximising the limited flexibility on the income side could be key to a game-changing budget, says Kotak AMC’s Nilesh Shah.
A tax on a tax may sound draconian but the government has increased its dependence on cess collections to boost tax revenue.
PM-Kisan scheme and a voluntary farmer pension scheme are aimed at boosting agriculture growth in India, says Nirmala Sitharaman.
India is still the fastest growing economy in the world, says Finance Minister Nirmala Sitharaman in Rajya Sabha.
The government may mobilise resources through increased PSU divestments, says IIFL’s Jonathan Schiessl.
The only way you can really solve the deficit problem is by having the economy grow robustly, says Srinivas Thiruvadanthai.
The Union Budget is coming up on Feb. 1. Here’s an explainer of what it really means.
The government will announce the fiscal deficit target in the Union Budget. Here’s an explainer of what it means.
The government announces its gross revenue in the Union Budget. How does the government generate this revenue?
Once the government puts its estimates of how much it earns into place, it starts to decide where it will spend.
The government has to fix the NBFC liquidity crisis if it wants to keep economic growth from falling further, says the Invesco VC.
Dhurva Advisors’ Punit Shah has also called for repealing the long-term capital gains tax levied on the sale of shares.
Why Rajiv Lall believes India needs to follow the Chinese model and not the American one for infrastructure financing.
Should Government decide to stick to a fiscal deficit target of 3.4 percent of GDP, the math to meet that target will be daunting.
Adding ELSS sops to the existing ETFs will not add to the government’s disinvestment coffers, but would spur retail investments.
Kotak MF’s Nilesh Shah, Capitalmind’s Deepak Shenoy, JM Financial’s Gautam Shah discuss how the budget will influence the markets.