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
The requirement of sourcing from SMEs by government enterprises has been increased to 25 per cent, including three per cent quota for sourcing from women-owned SMEs, he said.
Presenting the Interim Budget 2019-20, acting Finance Minister Piyush Goyal proposed doubling the tax exemption threshold for individual annual incomes from the current Rs 2.5 lakh to Rs 5 lakh. Individuals with yearly income within the proposed limit will not have to pay any income tax for the next fiscal.
The government on Friday announced a budget of Rs 38,572 crore for its National Education Mission which comprises the Centrally sponsored schemes for education under which it allocates funds to the states and union territories.
"This income support will be transferred directly into the bank accounts of the farmers in three equal instalments of Rs 2,000 each." The scheme will be funded 100 per cent by the central government, he added.
Former Finance Minister and Congress veteran P. Chidambaram on Friday described the Interim Budget as an "Account for Votes" and not a Vote on Account and said the Modi government has further weakened fiscal stability.
The minister also proposed to exempt the levy of income tax on notional rent on a second self-occupied house. Currently, income tax on notional rent is payable if a person has more than one self-occupied house.
Finance Minister Piyush Goyal was reminded of the recent Bollywood release "Uri: The Surgical Strike" by former Deputy Prime Minister and veteran BJP leader L.K. Advani just as he was about to speak on the entertainment industry during the Interim Budget presentation.
Budget 2019: Finance Minister Piyush Goyal presented the highly awaited Budget 2019 on Friday in Parliament. Here are the Highlights of Interim Budget for 2019-20:
Interim Finance Minister Piyush Goyal presented the budget this year in place of Arun Jaitley as the latter is on medical leave in the US. However, Jaitley was following the budget and was one of the firsts to react to it. frequent on twitter and responded regularly during the speech.
Income tax rebate in the Budget 2019 by Narendra Modi government as announced by FM Piyush Goyal would allow a common man to go for their dream home
The scheme also helps in meeting harvest expenses and working capital requirement to meet activities like pump sets, sprayers, dairy animals, floriculture, horticulture etc
Every employees is liable to pay taxes on their income, and hence such deduction reduces the amount a taxpayer pays to Income Tax Department.
Goyal said building next generation infrastructure in all sectors comprising roads, railways, seaports, airports and inland waterways is the first dimension to provide an "ease of living".
"The government has taken many steps to support the MSME sector that provides jobs to crores of people in the country. We recently announced a facility to avail Rs 1 crore loan within 59 minutes," Piyush Goyal said, while presenting the Interim Budget for 2019-20.
The Interim Budget's proposal to give full rebate to taxpayers having annual income up to Rs 5 lakh on Friday boosted the Indian equity market during the post-noon trade session on Friday.
Currently, for banks, the pressure arises from government’s small savings schemes, which forced the lenders to aggressively hike deposit rates beyond their ability to keep up with the Centre’s investment tools.
Interim finance minister Piyush Goyal in a major good news to home buyers and real estate developers, extended the benefits under section 80(i)BA for one more year.
In the budget 2019, Narendra Modi government left the GST at 12 per cent without rationalising it for the home buyers.
Budget 2019: Yes! Do not pay income tax now if you earn as much as Rs 6.5 lakh! As was expected from Prime Minister Narendra Modi, his government will give respite to salaried employees in different sectors.
Piyush Goyal said that around 3 crore middle-class taxpayers will get tax exemption due to this measure. Overall, this Budget 2019 was big win-win for salaried individuals.
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