Union Budget 2019 | Rediff.com Business

7 key Bills on Rajya Sabha agenda for final week

Six of the seven Bills listed on the agenda of the Rajya Sabha have already...

Sonia vs BJP MPs in LS over MGNREGA budget cut

Gandhi said the budgetary cuts were weakening the legal guarantee of timely...

Post-Ukraine, Nirmalaji Must Revisit Budget

Budget has already bombed at the box office and passing it without a revisit...

Budget session of Parliament resumes from Monday

Top on the government's agenda would be getting Parliament's approval to the...

Cong leaders chalk out strategy for Budget session

The meeting of the Congress Parliamentary strategy group was held at the...

China hikes defence budget, 3 times that of India's

China hiked its annual defence budget by 7.1 per cent.

Budget Won't Ensure Economic Recovery

By any economic theory or doctrine, this is no Budget that supports economic...

'Introduce another slab to tax the super-rich'

'We can go somewhere between 35 per cent and 40 per cent.'

Households Happier With Budget Than Markets

Evidently, households see a brighter future after the Budget, reveals Mahesh...

3 Things To Note About The Budget

Budget for 2022-2023 has returned to its agenda for protectionism in the name...

What 'Hike' In Defence Budget Doesn't Reveal

Even as Chinese troops continue squatting on territory that we claim as our...

Kumar Birla: Budget invests boldly in India's future

As the FM said, this is a Budget that lays the foundation for the next 25...

Business can't alone build a country, Nirmalaji

Had Finance Minister Sitharaman thought a little more about the middle class,...

An Election Budget, Not For 2022, But For 2024

This is not an election Budget in the sense that I might target the voter in...

Budget capex not as high as it sounds: Crisil

Amid FY23 Union Budget's focus on investments, leading domestic credit rating...

'Budget has a gameplan premised on credible numbers'

'Increased allocations for MNREGA could have provided the much needed push to...

What Moody's think of Budget numbers

Moody's Investors Service on Friday said India's conservative budget...

'It's a 6/10 Budget'

'The most important expenditure in the Budget that indicates employment...

Budget: 'That there are no surprises is big positive'

'The fiscal pressure will be there, but the intent of the government behind...

BJP asks MPs, leaders to take Budget to the people

The Bharatiya Janata Party's office-bearers, members of Parliament and other...

Uttam's Take: Amrit Kaal Budget

Uttam Ghosh offers yet another take on the Budget.

Ensure productive budget session: RS chairman

The country's 5,000 MPs, MLAs and MLCs should resolve in this historic year...

Budget short on structural reform announcements: Fitch

India's budget for the fiscal beginning April focuses on giving a boost to...

LIC mega IPO likely in March, prospectus next week

The government is likely to file draft papers for the mega initial public...

Crypto tax will not bestow legality on trade: I-T boss

The Budget announcement of taxing 'virtual digital assets' or crypto...

Market rally continues; Sensex surges 696 points

IndusInd Bank was the top gainer in the Sensex pack, spurting over 5 per...

Election-Neutral Budget In High-Stakes Poll Season

While no specific state-oriented sops were rolled out, a strong thread of...

Budget targets are achievable: Sitharaman

At the customary post-Budget media interactions, Finance Minister Nirmala...

'Budget has long-term vision'

'There is a vision in the Budget, and the vision is to take India from a...

Budget: Foreign dividends now under tax ambit

Concessional rate of tax on dividends received by Indian companies from...

Budget's focus is poor, middle class, Modi tells BJP

The focus of the Union Budget is on providing basic amenities to the poor,...

What India Inc says about Budget 2022

Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore...

US trade body hails Budget, says it's fiscally prudent

In the midst of third wave of COVID-19, Finance Minister Nirmala Sitharaman...

3 Reasons Why Markets Cheered Budget

'Market feels this Budget will promote all-round growth and that is what is...

Budget: Infra boost for villages along China border

The move comes in the backdrop of the lingering border standoff in eastern...

Defence budget raised to Rs 5.25 lakh crore

In the Union Budget presented in Parliament by Finance Minister Nirmala...

Rs 1.40 lakh crore budgetary support for Railways

The Railway ministry has been allocated budgetary support of Rs 140367.13...

Govt subsidies to fall 39% to Rs 4.33 lakh cr in FY22

The government's subsidies on food, fertilisers and petroleum are estimated...

Chidambaram condemns Budget as 'most capitalist'

Congress leader and ex-finance minister P Chidambaram on Tuesday said the...

Sitharaman announces 30% tax on crypto gains, 1% TDS

Union Finance Minister Nirmala Sitharaman on Tuesday announced that income...

Govt has ambitious plans for the GIFT City

The government on Tuesday said it will allow setting up of world-class...

Headphones, umbrella: What's cheaper, costlier

While duty on products such as methyl alcohol (methanol) and acetic acid has...

New co-operation ministry gets Rs 900 cr allocation

The government on Tuesday announced Rs 900-crore allocation in the Budget for...

Ms Sitharaman, You FAILED Us!

This was the one Budget that required radical departures on all these fronts,...

1% TDS to be levied on sale of immovable property

One per cent TDS will apply on non-agriculture immovable property of over Rs...

Budget: Delhi police allocated Rs 10,355 cr

The Delhi police has been allocated Rs 10,355.29 crore in the Union Budget...

Startups get a boost in Budget 2022

The government on Tuesday proposed to extend the period of incorporation of...

Health sector allocation sees 16% hike, to Rs 86,200cr

Out of Rs 86200.65 crore, Rs 83,000 crore have been allocated to the...

After 3 years, tax collections surpass Budget estimate

After a gap of three years, direct tax collections -- which include corporate...

Budget: Govt lowers MGNREGA allocation by 25.51%

The Centre has allocated Rs 73,000 crore for the rural jobs guarantee...

For Re 1 in govt coffer, 58 paise to come from taxes

For every rupee in the government coffer, 58 paise will come from direct and...

Investors cheer Budget; Sensex surges 848 pts at close

Tata Steel was the top gainer in the Sensex pack, zooming 7.57 per cent,...

At 91 minutes, FM delivers shortest Budget speech

With Nirmala Sitharaman's Budget presentation lasting for about one hour 31...

Over Rs 911 crore allocated for CBI in Budget

The agency was allocated Rs 835.39 crore to manage its affairs in 2021-22...

Various slogans heard during FM's budget speech

Most of the members, including Prime Minister Narendra Modi, were seen...

Modi hails budget as 'people-friendly and progressive'

"An important aspect of this budget is the welfare of the poor," Modi said.

Highlights of Union Budget 2022-23

Finance Minister Nirmala Sitharaman presents her fourth Budget in Lok Sabha...

China among beneficiaries of anti-dumping duty waiver

The government on Tuesday announced revoking of anti-dumping duties on...

Budget: No serious measures to boost revenue, Moody's

The budget underscores government's previous emphasis on capex to sustain...

Sitharaman pegs FY22 economic growth at 9.2%

Finance Minister Nirmala Sitharaman on Tuesday said the country's economic...

FM promises 80 lakh houses under PMAY in 2022-23

Finance Minister Nirmala Sitharaman on Tuesday announced allocation of...

Thumbs up or thumbs down? Rate the Budget!

So how do you rate the Modi government's 10th budget which comes ahead of the...

Betrayal of middle class: Opposition decries Budget

Party leader Rahul Gandhi dubbed the Union Budget as a 'zero-sum budget',...

Govt enhances PLI scheme for domestic solar cells

Finance Minister Nirmala Sitharaman on Tuesday proposed enhancing the funding...

Sitharaman extends ECLGS scheme for MSMEs till Mar '23

The additional amount will be exclusively earmarked for the hospitality and...

Import duty on diamonds, gemstones cut to 5%

Finance Minister Nirmala Sitharaman on Tuesday announced cutting import duty...

Budget 2022 leaves personal tax rates untouched

Belying expectations, Finance Minister Nirmala Sitharaman did not tinker with...

RBI to introduce digital rupee using blockchain tech

A new Digital Rupee is proposed to be introduced by the Reserve Bank of India...

GST collection at record Rs 1.40 lakh cr in Jan: FM

GST collections touched a record of Rs 1.40 lakh crore in January on rapid...

Govt to promote Kisan Drones, chemical-free farming

The Centre will promote Kisan Drones, chemical-free natural farming,...

Spectrum auctions will facilitate 5G roll-out: FM

The government will conduct a spectrum auction this year, which will...

Dom's Take: Budget: Hum Honge Kamyaab

Dominic Xavier offers his take on Budget 2022.

Infra funding will be guided by Gati Shakti: FM

While presenting the Budget for 2022-23, the finance minister also said the...

Budget 2022: Key numbers to watch out for

Here are the key numbers to watch out for in the Budget for 2022-23, which is...

Watch Live! Nirmala Sitharaman presents Union Budget

Watch as Nirmala Sitharaman unveils India's economic roadmap for the next...

Budget session: No legislative biz in RS in 1st half

The government told an all-party meeting Monday that it does not intend to...

Housing prices remain steady during the 2 Covid waves

Housing sales mostly declined during the first and the second wave of the...

IPO boom: 75 cos mobilise Rs 89,066 cr in Apr-Nov '21

The primary market has seen hectic fundraising activity in April-November...

FM to boost Budget spending to support economic growth

Finance Minister Nirmala Sitharaman is likely to strike a fine balance...

For $5 tn GDP, India must spend about $1.4 tn on infra

In order to achieve $5 trillion GDP by FY'25, India needs to spend about $1.4...

India needs to be wary of imported inflation: Survey

Inflation has reappeared as a global issue in both advanced and emerging...

Govt needs to prioritise crop diversification: Survey

The farm sector has been resilient to the COVID-19 shock and is estimated to...

Air India sale to boost privatisation: Survey

Air India sale will give a boost to India's privatisation drive, the Economic...

Chip shortage forced firms to cut production: Survey

According to the survey report, the government's move to earmark Rs 76,000...

Highlights of the Economic Survey 2021-22

Finance Minister Nirmala Sitharaman on Monday tabled the Economic Survey...

Meet FM's A-team behind Budget 2022

Finance Minister Nirmala Sitharaman will present the much-awaited 2022-23...

Polls come and go but Budget session important: Modi

Prime Minister Narendra Modi on Monday said elections keep happening but...

All eyes on GDP forecast by Economic Survey

The pre-budget Economic Survey, which is tabled in Parliament ahead of the...

Budget Session to begin today with Prez's address

The Budget Session of Parliament will commence on Monday and is scheduled to...

Budget: 'Big challenge is inflation'

'The robust tax collections give the finance minister a fair amount of...

Budget Session: Oppn to grill govt over China, Pegasus

The session will begin with President Ram Nath Kovind's address to the Lok...

Incentives for green hydrogen likely in Union Budget

The government may provide for targeted fiscal incentives and allocation of...

Budget session: RS issues code of conduct for members

As per the rules and regulations, members must not do anything that brings...

Clamour for tax breaks grows. Will Sitharaman oblige?

The forthcoming budget needs to delay fiscal consolidation, instead should...

This Budget Is Harder Than Last Year's

The challenges before the coming Budget are more daunting than those in 2021,...

Budget 2022: Phasing out of some tax exemptions likely

The Centre is considering a gradual phasing out of certain direct tax...

'Markets won't see a blind rally post Budget'

'The markets seem apprehensive and that explains why the markets have been...

Budget: Insurers want investment limit of 80C hiked

Insurance companies are seeking a separate deduction limit of Rs 1 lakh for...

Budget may push for pvt investments in infra projects

These could include strengthening the public-private partnership (PPP)...

Budget session: RS, LS to meet at separate times

The two Houses of Parliament will meet at separate times of the day for five...

India Inc urges Budget sops to boost capex

Indian companies are expecting generous tax incentives from the Union Budget...

Budget 2022: Time To Raise Revenue

There are two ways: Deliver a rapidly growing economic pie or reform GST and...

'Budget shouldn't focus only on fiscal consolidation'

House economists at the nation's largest lender State Bank of India (SBI)...

Budget 2022: Jewellers want gold import duty cut to 4%

Gems and Jewellery Export Promotion Council (GJEPC) has urged the government...

Budget session of Parliament from Jan 31 to Apr 8

The first part of the session will conclude on February 11. After a...

Worst-hit sectors may get credit guarantee breather

According to highly placed sources, the finance ministry is likely to extend...

Budget 2022: What hoteliers want from Sitharaman

With the fresh wave of COVID-19 plunging the hospitality sector back into...

402 Parl staff Covid positive ahead of budget session

Ahead of the budget session of Parliament, more than 400 Parliament staff...

What Nirmalaji said and meant

'A buoyant market economy is one which is led by the innovation and...

'Why risk sovereignty for peanuts of foreign money?'

'Is this the only way for India to become a $5 trillion economy?''When you...

'Several problems about India borrowing overseas'

'The most important thing is that the psychological signal it is giving to...

Budget: Divestment target likely to be Rs 90,000 cr

The divestment target remaining unchanged, from the 2019-20 interim Budget,...

Will Modi manage to push labour reforms this time?

After assuming power in 2014 with a full majority of its own, the BJP-led NDA...

How Modi can rescue the economy

''I have been saying for the last 25 years, to no avail naturally, that the...

Budget is a 5 year Test match, not a one-day event

'The fiscal situation is stressed (when is it not?!), economic growth has...

Halwa ceremony launches Budget process

A large number of officials and support staff, who are directly associated...

Modi starts pre-Budget meets to brainstorm on economy

Tuesday's meeting at the PM's residence, attended by all the five secretaries...

Why FM may stick to fiscal deficit target of 3.4%

Budget-makers in North Block are looking to maintain this fiscal status quo,...

What economists, Sitharaman discussed in Budget meet

Concerned by GDP slowdown and unrealistic tax targets, the economists urged...

PM to meet all FinMin department officials on June 20

This meeting has led to the deferment of the Goods and Services Tax (GST)...

Ficci for increasing FDI cap in insurance to 74%

It also said that there is a need to improve investor confidence about the...

Why your household budget will go through the roof

Farmers in Maharashtra, Gujarat, Karn�ataka, Tamil Nadu and Telan�gana...

Why not to expect a runaway pre-Budget market rally

Liquidity issues post the crisis at DHFL, progress of monsoon, rupee...

Forget tax cuts, FM advised against Budget sops

FinMin does not expect tax or non-tax revenue to reach anywhere close to the...

Budget: IT exemption limit may be raised to Rs 5 lakh

'We have promised to ensure reduced tax rates.'

Budget: FinMin starts meeting industry bodies

The final Budget for the fiscal is likely to be tabled in July after...

A 4-point formula to boost farm economy

The formula for success of farm economy is very simple -- farmers should be...

Govt needs to keep a tight leash on expenditure

The negative aspect about the Budget is that the capital expenditure has been...

Why political class is betting on welfare spending

There appears to be a growing perception among the political class that...

Budget rebate for individuals not as bold as it seemed

Even if the same party returns to power, what is important to debate is that...

Piyush Goyal interview: 'Farmers will give response to Mamata'

'A sum of Rs 6,000 a year is very significant for a small farmer whose land...

If GDP is over-estimated, the tax targets are too high

'We get an overzealous army of tax inspectors pushing the economy too hard,'...

An interim Budget with all the features of a full Budget

Forget about interim Budgets, one cannot easily recall even a full Budget of...

Centre backed out of minimum income scheme for all farmers

The decision to scrap the plan for landless workers and focus only on small...

Less-cash drive launched in DeMo gets boost in Budget

In an otherwise agriculture- and public health-focused Union Budget 2018-19,...

How the fiscal deficit, revenue target numbers stack up in Budget

Ehile the Centre had projected tax revenues to touch 12.1 per cent of GDP in...

'Pay tax on any income earned by non-working spouse and kids'

Tax expert Anil Rego answers readers' questions about how Finance Minister...

Live Budget Chat! How will Goyal's tax sops impact you?

Tax expert Anil Rego will answer questions about how the new Budget affects...

'11 out of 10 for Budget's politics'

'The finance minister has told the BJP's core voters we are hearing you and...

Has Modi Sarkar delivered on Budget 2014?

Fifty-six months on, the government's record in implementing these schemes...

Why brokers are unhappy with revised stamp duty norms

'Rather than abolishing stamp duty as STT is already levied on all...

A MUST read for all property sellers

Besides LTCG tax relief, permitting taxpayers to declare two houses as...

The many loopholes of pension plan for unorganised sector workers

According to official statistics, half of India's GDP comes from as many as...

Budget points to sharp hike in petroleum subsidy

Petroleum subsidy that goes into providing cheap liquefied petroleum gas...

Jaitley justifies govt giving I-T rebate in interim Budget

Goyal's move was criticised by the Opposition saying with general election...

Budget gets a thumbs up from India Inc

"India's middle class, small traders and farmers are the lifelines of its...

Modi's 10-dimensional Vision 2030

The first dimension of this vision will be to build physical as well as...

Budget before Ballot: Who got what from Goyal

Converting what was supposed to be an interim budget or a vote on account...

Piyush Goyal's maiden Budget, at a glance

Here are the key highlights of the Interim Budget 2019-20 presented by...

Govt allocates Rs 60,000 crore for MGNREGA for 2019-20

The amount allocated for 2019-20 is 11 per cent higher compared to Rs 55,000...

Govt extends tax sops for affordable home developers

To give impetus to the real estate sector, Goyal proposed to extend the...

'Sops to farmers not dole but mark of respect for anna daata'

Insisting that PM Modi has consistently cared for the farmers, Goyal said the...

How govt plans to cut fiscal deficit to 3%

The government further said the gross tax revenue as a per cent of GDP is...

Interim Budget is just 'a trailer': PM Modi

The budget will empower the poor, give a boost to the farmer and an impetus...

Budget sets India up for next-gen infrastructure: Goyal

Terming infrastructure as the "backbone" of any nation's development, Goyal...

Govt launches pension plan for informal workers

Goyal also announced hiking of tax free gratuity to Rs 30 lakh from existing...

'Budget has prioritised populism over fiscal prudence'

'The move towards fiscal consolidation had to be diluted because of the...

Moody's says Budget credit negative

The moves on basic income for farmers - Rs 6,000 per person in three...

Govt broke back of 'back-breaking' inflation: Goyal in Interim Budget

Goyal said India has been recognised as brightest spot in the world in last...

'2018-2019 has been the safest for the Indian Railways'

No fare hike was announced in the Railway Budget for 2019.

Rate: PM Modi's 'poll'-itical Budget

So how do you rate the NDA government's election-year budget? Does it meet...

Govt doubles tax exemption limit to Rs 500,000

If an individual invests in the specified tax saving schemes of the...

10 lakh patients treated so far under Ayushman Bharat

Goyal also said the government has been providing cheaper drugs through Jan...

Road construction trebled under Pradhan Mantri Gram Sadak Yojana

Highlighting the the government's focus on providing power to all, Finance...

India attracted massive FDI worth $239 bn since 2014

The main sectors that receive the maximum foreign inflows include services,...

Rs 3 lakh cr recovered from big corporate loan defaulters, says Goyal

The interim finance minister said the Insolvency and Bankruptcy Code was...

Govt announces cash dole for small farmers

Under the scheme called Pradhan Mantri Kisan Samman Nidhi, Rs 6,000 will be...

Fiscal deficit to be at 3.4% of GDP this year: Goyal

Goyal also said that current account deficit is likely to be 2.5 per cent of...

GDP growth fastest in last 5 years: Goyal

Goyal said India has been recognised as the brightest spot in the world in...

General Budget or Interim Budget?

General Budget is a terminology earlier used to differentiate between the...

Why you must brace for Budget day volatility

Past data shows that in 20 Budget sessions, the market has ended with gains...

Interim Budget: Cheers for taxpayers likely

The finance minister is likely to announce the government's vision for a...

Markets unlikely to see any pre-interim Budget rally

The government is expected to dole out some populist policies, especially for...

Piyush Goyal to meet PSB chiefs on Monday ahead of Budget

Goyal is expected to discuss the targets for the banks for 2019-20, as well...

Budget 2019 is likely to bring good news for farmers

Government's objective is to bring down the cost of cultivation through...

Budget content would be decided by economic realities: Jaitley

Jaitley also hinted that these very economic realities could decide whether...

Jaitley may return on Jan 25, Budget on schedule

The 66-year-old finance minister underwent a successful kidney transplant...

What to expect from Budget 2019

The losses in state elections in Rajasthan, Madhya Pradesh, and Chhattisgarh...

Despite likely budgetary cut, railways eyes biggest ever capex

The Centre is likely to cut budgetary support to the railways by around Rs...

Brokers send Budget wishlist to Sebi

'Extensive thought has been put in, and we have pondered over each and every...

Will Jaitley present his 6th full Budget next year?

A K Bhattacharya lists three reasons why Finance Minister Arun Jaitley will...