Budget

From income tax to corporate tax, what experts from Deloitte expect from budget 2019

Livemint January 30,2019

The government is likely to come out with tax relief for the middle class in the form of some changes to the tax slabs in the budget.It is unlikely that the finance minister will announce sweeping cha...

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How post-liberalisation interim budgets have evolved

Livemint January 30,2019

Mint scans through the interim budgets since the 90s to find out what the finance minister can and cannot do.Piyush Goyal is likely to present the sixth and the last Budget of the Narendra Modi govern...

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Realtors give up on budget saying Finance Minister will woo voters, not industry

Livemint January 29,2019

Many are of the view that the Modi government will go all out to woo the voters.Though the elections have to be completed before June 3 the Election commission is yet to announce the poll dates

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What does Universal Basic Income mean?

Livemint January 29,2019

Congress party president Rahul Gandhi on Monday formally put the idea of the universal basic income on the political agenda after he promised to implement it if the party was voted to power in the for...

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Income tax exemption limit may be raised to 3 lakh in budget: Kuldip Kumar

Livemint January 29,2019

Women tax payers may get higher basic exemption of Rs. 325,000 or even at par with senior citizens Basic exemption limit may be raised from Rs. 250,000 to Rs. 300,000 for individuals less tha...

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'Unconstitutional' for government to present full Budget: Yashwant Sinha

Livemint January 29,2019

It would be the first government that would present the Budget and and Economic Survey in violation of a long standing Constitutional convention: Sinha.In an interim Budget, the government does not in...

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Expect rationalisation in income tax rates

Livemint January 29,2019

The limit of Rs.1.5 lakh under Section 80C was last revised in Budget 2014-15 Healthcare is another area where major announcements are expected

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PM Modi to counter Rahul Gandhi income scheme with UBI in Budget

Livemint January 29,2019

An estimated support of ₹6,540 crore- ₹7,620 crore is on the anvil if the government goes ahead with UBI.The big question remains how many districts will form a part of this new pilot project onc...

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Start-ups want government to scrap angel tax

Livemint January 29,2019

Most companies prefer to use DCF method since it is based on projections of future income and expense and involves high degree of subjectivity.The process for exemption is still seen as onerous and su...

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Farmers may get interest-free loans, premium-free insurance

Livemint January 29,2019

The government is seriously trying to address the farm distress which it feels was the reason behind BJP's defeat in the recent state elections.The farmers have been facing the brunt of falling crop p...

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Rahul's income guarantee scheme may not be UBI of former CEA

Livemint January 29,2019

Rahul Gandhi promised a minimum income guarantee scheme for the poor if voted to power in the next general election.Arvind Subramanian had floated the idea of a Universal Basic Income of ₹1,500 a m...

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Ensure credit flow to MSMEs in interim Budget: Reliance Securities

Livemint January 29,2019

Reliance Securities said the upcoming Budget should implement the long-delayed "Scrappage Scheme" which proposes incentivising the replacement of old vehicles.The report said it expects a shortfall of...

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Government turns to RBI for help before elections

Livemint January 29,2019

RBI Governor Shaktikanta Das said earlier that no decision had been made yet on an interim dividend.Speculation is now gaining ground that he may cough up as much as ₹40,000 crore to help the gover...

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Bank of America bond expert sees Budget surprising market

Livemint January 29,2019

Markets will be positively surprised on the fiscal front: Jayesh Mehta .It is not the first time that he has bet against market consensus

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Budgetnomics 101: Massaging the fiscal deficit

Livemint January 28,2019

Spending has shot through the roof and revenues are down. How on earth will government meet its fiscal deficit target of 3.3% of GDP?

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Lack of liquidity in the cash economy causing farm distress: Pronab Sen

Livemint January 28,2019

 Sen spoke about the challenges before the government as it prepares to present the interim Budget.The farm distress is essentially caused by lack of liquidity in the cash economy

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Budget 2019: PSU general insurers may get 4,000 crore capital infusion, says report

Livemint January 27,2019

In Budget 2018, govt had proposed to merge National Insurance Company, Oriental Insurance Company and United India Insurance Company..Department of Financial Services sought ₹4,000 crore in the Bud...

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SIAM seeks increase in customs duty for commercial vehicle CBUs

Livemint January 25,2019

With respect to customs duty, SIAM has suggested to the government that for CBU of cars and two-wheelers, rates should remain at the same level.Customs duty on two-wheeler and cars currently ranges fr...

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Increase custom duty on imported TV, AC, refrigerators, washing machines: CEAMA

Livemint January 25,2019

Industry body CEAMA has suggested to increase the basic customs duty on import of finished goods such as TV, AC, refrigerators and washing machines.This would help local manufacturers produce goods at...

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Budget with Mint: Our panel of economists answer your questions

Livemint January 25,2019

The Mint Budget Roundtable invited a panel of economists - Arvind Virmani, Indira Rajaraman and Himanshu - to discuss the expectations ahead of this year’s budget. We also asked readers to share que...

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Govt may soon announce package for farmers: Parshottam Rupala

Livemint January 24,2019

The government is focusing on increasing area under cultivation between Rabi and Kharif seasons so that farmers income can be increased.The Centre is evaluating a scheme followed by the Telangana and ...

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FM Arun Jaitley will not present budget as he faces surgery: Report

Livemint January 23,2019

Jaitley would not be presenting the government's interim budget next week, according to a source familiar with the matter.66 year old Jaitley is also the publicity head of the ruling Bharatiya Janata ...

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Government likely to target about 800 billion from divestment in FY 2019/20

Livemint January 22,2019

The government could also sell shares in a number of state-owned companies through initial public offerings.Arun Jaitley, who is currently in the US for a medical check-up, is expected to announce the...

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Govt revives plan to change fiscal year to January-December: Report

Livemint January 22,2019

India has been following the April-March fiscal year since 1867.The change in the fiscal year is expected to help the government include the monsoon forecast in its Budget projections

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Farm-loan waivers to hit states fiscal deficit targets: Report

Livemint January 21,2019

India Ratings expects the states' revenue account on aggregate to clock a deficit of 0.5 percent of GDP in FY20 .The agency has, however, maintained a stable outlook on the finances of the st...

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Cultural integration takes lead in M&As

Economic Times August 15,2019

Financial, strategic investors feel a significant value erosion takes place if people fit isn’t right

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Defence forces get 7% hike in Modi's last Budget

Economic Times February 01,2019

However, going by the figures provided by the Defence Ministry last year, the hike is only Rs 9,785 crore, which is a meagre 3.3 per cent.

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