Sat, Aug 24, 2019
Social Stock Exchange is a platform which allows investors to buy shares in social enterprises vetted by an official exchange. The Union Budget 2019 proposed setting up of first of its kind Social Stock Exchange in India.
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Sat, Jul 20, 2019
Housing for all by 2022 can become a reality if the budgetary proposals for affordable housing is implemented to its maximum extent.
Mon, Jul 15, 2019
Both RBI and government have been working closely to bring some relief for NBFC sector.
Fri, Feb 01, 2019
Yes, government has provided income tax relief to salaried employees whose gross salary is up to Rs 5 lakh. Simply put, you do not have to pay any taxes if you earn this much. This means people earning more than Rs 5 lakh will continue to pay taxes like earlier.
In budget 2019 proposals made by Piyush Goyal will provide stimuli to local manufacturers with incentives for them to grow and prosper
Budget 2019: Market experts, economists and corporate leaders say that the budget has set a foundation for growth as it brings a host of provisions that will boost the economy in time to come.
Budget 2019 proposals for healthcare sector move will create a distress-free, functional and comprehensive healthcare and wellness system in the nation.
"This was primarily because food inflation increased (during 2009-14). In contrast to that, our government broke the back-breaking inflation. We have brought down average inflation to 4.6 per cent, which is lower than the inflation during the tenure of any other government," Goyal said in his Budget speech in Parliament.
Budget 2019: For every rupee in the government coffer, 70 paise will come from direct and indirect taxes, while the government will spend 23 paise towards state's share of taxes and duties. According to the Budget 2019-20 presented in Parliament by Finance Minister Piyush Goyal,
Decision to levy stamp duty on stock transactions only on one instrument relating to one transaction in budget 2019 is a welcome step in terms of rationalising the transaction costs for investors.
While announcing the Budget, interim Finance Minister Piyush Goyal also revealed that now the government has proposed exemption on levy of income tax on notional rent on a second self-occupied house.
Presenting the Interim Budget 2019-20 in the Lok Sabha, Finance Minister Piyush Goyal said, "Half of India's GDP comes from the sweat and toil of 42 crore workers in the unorganised sector working as street vendors, rickshaw pullers, construction workers... and in numerous other similar occupations. Domestic workers are also engaged in big numbers. We must provide them comprehensive social security coverage for their old age".
More than 12 crore farmers, three crore middle class families and 30-40 crore workers employed in unorganised sector will benefit from the budget, he said, adding that poverty has been falling at a record rate due to the efforts of his government.
Presenting the interim Union Budget in Lok Sabha, Finance Minister Piyush Goyal on Friday announced an allocation of Rs 60,000 crores for MGNREGA for budget estimates 2019-20.
Income tax rebate and increase in TDS limit would augur well for cruise tourism as budget 2019 focuses on blue economy through 'Sagar Mala' project.
The Central Bureau of Investigation (CBI), which is probing several sensitive cases across India and abroad, including AgustaWestland chopper scam, ponzi scam, illegal mining scam and fake encounter cases in Manipur, requires the deployment of large-scale of manpower and resources.
Finance Minister Piyush Goyal Friday said Rs 3 lakh crore have been recovered from big corporate loan defaulters. Presenting the Interim Budget for 2019-20 in the Lok Sabha, Goyal said, "We have stopped culture of phone banking."
The Minister prefaced his remarks with concerns for the middle class and made the pre-election budget announcement with a bonanza for those who mostly constitute the salaried and pensioners.
According to HDFC Securities Deepak Jasani, the push to consumption by way of sops to farmers and middle class families resulted in buying in auto and FMCG stocks.
Asserting the Modi government's commitment to eliminate black money from the economy, he said measures like Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, Fugitive Economic Offenders Act, 2018 and demonetisation were taken that have started showing results.
"Mobile and its parts manufacturing companies have grown from two to 268 now, creating thousands of jobs in both urban and rural areas of the country," Goyal said while presenting the Interim Budget for 2019-20 in the Lok Sabha.
Breaking all conventions in an election year Interim Budget, Finance Minister Piyush Goyal on Friday showered tax sops for the middle class and salaried tax payers including by doubling the exemption limit to Rs 5 lakh.
Presenting the budget, Finance Minister Piyush Goyal announced that the TDS threshold on rental income had been increased from Rs 1.8 lakh to Rs 2.4 lakh.
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