These two amendments were long-pending demands of industry and insolvency professionals
PM Modi stressed the Budget was devoted to empowering the downtrodden
Nirmala Sitharaman's Budget speech, as the Opposition pointed out, did not directly refer either to the agrarian distress or jobs crisis
The Budgetary allocation for most of the flagship programmes such as the rural employment guarantee scheme and rural roads projects that boost rural demand, was largely flat
I don't think the Budget focused enough on farmers' distress and education, said Sait
The Budget makes several futuristic announcements to stir foreign investment
FY19 provisional estimates for revenue are now available
'We produce the globally best in our institutions but lose too many of them to other countries', said the author
High promoter holding remains the biggest hurdle for raising India's weight among key global indices
Government is expecting around Rs 20,000 crore as additional transfers from the RBI
Nominal GDP expected to grow 12% YoY
The finance minister has also offered sops on affordable home loans
One should be mindful that this gush of debt capital in the short term is likely to support rupee appreciation in the near term
Unlike her predecessors Arun Jaitley and Piyush Goyal, Sitharaman had no band of cheerleaders
FM rationalises revenue estimates, squeezes capex ; focuses on repairing financial sector and ease of paying taxes
The NPS exemption has been increased to 60% as promised earlier
The government had introduced Section 54GB in FY13
The policy thrust on providing parity between scheduled banks and NBFCs in their tax treatment is a welcome move
A snapshot of the key numbers released by Finance Minister Nirmala Sitharaman in Union Budget 2019
Sitharaman will be relying on an ambitious revenue target to narrow the deficit as the government reins in spending: she plans to increase taxes on the wealthy, raise duties on gold and gasoline