Page 3 - Latest Updates on Union Budget 2019
A pinch here, a windfall there: Govt's fuel tax earning explained in charts
The effective tax on petrol now stands at 105 per cent, or Rs 35.5 per litre, and excise duties contribute a healthy Rs 20 per litre
 "A pinch here, a windfall there: Govt's fuel tax earning explained in charts")
Plan to tap global mkts for govt borrowing added at last minute in Budget
The investors said that this was necessary for India to push for more foreign investors to pick up stakes in the bankruptcy-hit companies
 "Plan to tap global mkts for govt borrowing added at last minute in Budget")
EV loan to excise duty on fuel: Here're good and bad moves in Budget 2019
Good move to make National Pension Scheme more attractive
 "EV loan to excise duty on fuel: Here're good and bad moves in Budget 2019")
Budget 2019: How FM Nirmala Sitharaman aims to plug tax leakages
Several proposals in the finance minister's speech aim to increase the number of tax filers and reduce the scope for tax avoidance
 "Budget 2019: How FM Nirmala Sitharaman aims to plug tax leakages")
Budget 2019: FM Sitharaman's 'bahi khata' held no surprises for judiciary
Law Commissions in the past have studied the problems of the judiciary
 "Budget 2019: FM Sitharaman's 'bahi khata' held no surprises for judiciary")
Railway union says will launch protest after Budget proposes privatisation
FM Sitharaman in her Budget speech on Friday proposed that railways should use Public Private Partnership (PPP) model for faster development
 "Railway union says will launch protest after Budget proposes privatisation")
Budget 2019: India plans to raise $10 bn from first overseas sovereign bond
Sovereign bonds in India rallied on Friday after Finance Minister Nirmala Sitharaman said during her budget speech that the government would borrow in foreign currency to finance the budget deficit
Union Budget 2019: Inclusivity in development, says Keshav Murugesh
Job creation and re-skilling created a lot of stir last year
 "Union Budget 2019: Inclusivity in development, says Keshav Murugesh")
Foreign sovereign debt concerns stem from fear of the unknown: Garg
There are sovereigns which have done very well, built up a very good benchmark around them, and there are some that have not, said finance secretary Subhash Chandra Garg
 "Foreign sovereign debt concerns stem from fear of the unknown: Garg")
Union Budget 2019: Defence salary bill leaves less for new weaponry
Government sources argue this year's capital allocation of Rs 108,248 crore cannot be increased further, since it already accounts for one-third of the central government capital expenditure
 "Union Budget 2019: Defence salary bill leaves less for new weaponry")
Budget lays road map for India to get back on high growth track: Jaitley
Jaitley said several sectors of interest to the middle class and the neo-middle class, like affordable housing and electric vehicles, have been incentivised
 "Budget lays road map for India to get back on high growth track: Jaitley")
Budget 2019: Govt's EV push casts shadow on traditional automobile sector
The incentives for EVs came even as the government increased duties on petrol and diesel
 "Budget 2019: Govt's EV push casts shadow on traditional automobile sector")
Budget steps on NBFCs to boost consumption, says FM Nirmala Sitharaman
The government will allow NBFCs to raise funds in public issues
Union Budget 2019: Measures taken to tighten the screws on tax avoidance
Steps like widening the scope of TDS and compelling businesses with revenue above a threshold to offer electronic payment will make tax avoidance harder
 "Union Budget 2019: Measures taken to tighten the screws on tax avoidance")
Departure from the past
The BJP has made many procedural changes to the Budget exercise
 "Departure from the past")
Budget announcements to promote Make in India initiatives, MSMEs: DPIIT
The minister has said 100 per cent foreign direct investment (FDI) will be permitted for insurance intermediaries and local sourcing norms will be eased for FDI in single brand retail sector
Those doubting $5 trn economy vision are 'professional pessimists': Modi
The PM said India took 55-60 years to become a $1 trillion economy, while the country became a $2 trillion economy in just 5 years under his rule
 "Those doubting $5 trn economy vision are 'professional pessimists': Modi")
Visionless or futuristic? How Indian politicians reacted to Budget 2019
Here is what those in the Indian politics had to say about the 2019 Budget
 "Visionless or futuristic? How Indian politicians reacted to Budget 2019")
Budget eases criteria of obtaining Aadhaar for NRIs with Indian passport
Second, gifts by Indian residents in the form of property or money will be taxable in India
 "Budget eases criteria of obtaining Aadhaar for NRIs with Indian passport")
Good beginning but vision is missing in Nirmala Sitharaman's maiden Budget
The Finance Minister has not disappointed rural India but vision for the next five years and bold measures are missing
 "Good beginning but vision is missing in Nirmala Sitharaman's maiden Budget")
