 "When is Union Budget 2019")
Union Budget 2019
When is Union Budget 2019
Latest Updates on Union Budget 2019
Why govt needs a fresh 20/20 vision for Budget 2020
The provisional actual numbers reveal revenue shortfall led to a wider fiscal deficit in 2019-20, but unlike the previous year, the gap was met largely through higher borrowing in a transparent manner
 "Why govt needs a fresh 20/20 vision for Budget 2020")
Yes, only 15 million Indians pay tax; but who is to blame for this?
It is Mr Modi's govt that has added to the problem, and it can resolve it, only if it has the stomach to ignore the inevitable howls of protest from a very vocal middle class, writes T N Ninan
Will Nirmala Sitharaman's Union Budget help make the 2020s India's decade?
PM Modi kicked off the "new decade" theme on Friday morning in his customary statement before the beginning of the Budget session.
 "Will Nirmala Sitharaman's Union Budget help make the 2020s India's decade?")
Budget 2020: PM Narendra Modi seems keen to move beyond gradual moves
On January 6, he held a series of meetings with Indian Inc, economists and experts on the Union Budget for 2020.
 "Budget 2020: PM Narendra Modi seems keen to move beyond gradual moves")
Budget 2020: Govt may increase spending on infra, offer tax incentives
In annual economic report, the government predicted that economic growth would pick up to 6.0% to 6.5% in the fiscal year beginning April 1
 "Budget 2020: Govt may increase spending on infra, offer tax incentives")
FM Nirmala Sitharaman to present Budget 2020 in Parliament today
The Budget speech will begin at around 11 am today with Sitharaman beginning it with an address to the speaker of Lok Sabha
 "FM Nirmala Sitharaman to present Budget 2020 in Parliament today")
Briefcase or bahi-khata: What will FM carry for Budget 2020 presentation?
On the day of 2019 Union Budget presentation, Sitharaman broke away from long-standing traditions of colonial-era when she ditched the briefcase and opted for traditional bahi khata
 "Briefcase or bahi-khata: What will FM carry for Budget 2020 presentation?")
MGNREGS wages to go up? Scheme likely to get Rs 10,000-cr push
To boost rural income, the government could raise the total MGNREGA Budget for 2020-21 to Rs 70,000 crore. In 2019-20 (FY20), it was Rs 60,000 crore
 "MGNREGS wages to go up? Scheme likely to get Rs 10,000-cr push")
Do not want businesses to shut, will help revive: Sitharaman to India Inc
Addressing industry representatives, Sitharaman said India's macro-economic indicators were on a solid footing
 "Do not want businesses to shut, will help revive: Sitharaman to India Inc")
Govt may exempt FPIs from super-rich tax to reverse economic slowdown
Nirmala Sitharaman had proposed increasing the effective tax rate on individuals with taxable annual income of above Rs 2,000 cr by about 3%, and for those earning above Rs 5,000 cr by 7%
 "Govt may exempt FPIs from super-rich tax to reverse economic slowdown")
Rupee can depreciate another 4% against the USD by 2019-end
FPIs have turned negative and the budgetary announcement on tax surcharge has been a factor that has restricted their activity
 "Rupee can depreciate another 4% against the USD by 2019-end")
Visa talks tough on govt's move towards no-fee debit card transaction
Visa critical of India's move towards no-fee debit card transactions
 "Visa talks tough on govt's move towards no-fee debit card transaction")
Revenue department to brief PMO on Rs 1.67-trillion tax shortfall
Despite a cut in the income tax collection target in the full Budget compared to the interim Budget projections, the target is far from realistic
 "Revenue department to brief PMO on Rs 1.67-trillion tax shortfall")
Three contradictions that hobble Modi govt's response to economic slowdown
The Modi regime wants a bigger role for the government but it does not have the comfort of having enough financial resources
 "Three contradictions that hobble Modi govt's response to economic slowdown")
Good for tenants and owners: Model Tenancy Act takes checks most boxes
Sitharaman had also highlighted that the current rental laws are archaic, as they do not address the relationship between the lessor and the lessee realistically and fairly
 "Good for tenants and owners: Model Tenancy Act takes checks most boxes")
Best of BS Opinion: Have our institutions responded adequately to frauds?
From trade trouble to future demographic shocks, here are the best of Business Standard Opinions for the day
 "Best of BS Opinion: Have our institutions responded adequately to frauds?")
Govt may cap overseas bond sale at $5 bn this yr, huge risks involved: DBS
Instead, the report argued that increasing the ceiling on foreign portfolio investors in govt securities is a better option considering the huge risks in raising debt in a foreign currency
 "Govt may cap overseas bond sale at $5 bn this yr, huge risks involved: DBS")
Budget impact: Surcharge hike likely to hit global passive funds
Globally, index funds and ETFs are popular because of the low management fees
 "Budget impact: Surcharge hike likely to hit global passive funds")
Budget does not have any steps to propel investment, savings: Chidambaram
He sought to corner the finance minister, saying she did not present macro economic data, including receipts from revenue, in her Budget Speech in Lok Sabha on July 5
 "Budget does not have any steps to propel investment, savings: Chidambaram")
$30 billion wiped off stock in 3 sessions as doubts on higher tax lingers
The realisation that the new tax rate applies not just to the super rich but also to trusts - a structure of choice for a large number of foreign funds that invest in the nation
 "$30 billion wiped off stock in 3 sessions as doubts on higher tax lingers")
