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
View ArticleBudget to ease compliance burden on startups, help attract funding: Nasscom
In her Budget speech, Sitharaman had stated that startups and their investors who file requisite declarations and provide information in their returns will not be subjected to any kind of scrutiny
View ArticleTax proposals to yield additional Rs 30,000 cr in FY20: Revenue Secretary
He said the exchequer will mobilise the additional resources by way of increase in duty and cess on petrol and diesel, customs duty on gold and precious metals, besides higher surcharge on super-rich
View ArticleNirmala Sitharaman to address post-budget RBI board meet on Monday
The Finance Minister would apprise the board of various other announcements made in the Budget to spur growth
View ArticleIndia's highest personal tax rate still lower than those in China, US: Govt
Following the increase in surcharge, the effective income tax rate for individuals with taxable income of Rs 2-5 crore will go up from 35.88 per cent to 39 per cent
View ArticleBudget misses scrappage policy which is key for CV revival, says industry
Icra maintains a stable outlook for the domestic CV industry, expecting it to grow in the range of 7-9% during FY2020
View ArticleLetter to BS: Union Budget 2019 did not offer too many tax sops
Raising the threshold limit from Rs 2.5 lakh to Rs 5 lakh paved way for many lower income salary earners
View ArticleBudget 2019 proposes tax incentives to make GIFT City global financial hub
Standard Chartered Bank is setting up an international banking unit primarily to look after Indian company requirements
View ArticleA 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
View ArticleBudget 2019: Boost for EVs evokes mixed reactions from auto industry
The income tax rebate of Rs 1.5 lakh for EV buyers along with GST rate of 5% will encourage buyers in the personal mobility space to "seriously consider EVs", believe industry experts
View ArticleBudget 2019: India redirects foreign aid to Indian Ocean countries
After Bhutan, which has been allocated Rs 2,802 crore this year, tiny Mauritius will be the second-largest recipient of Indian aid
View ArticleBudget 2019: India won't become a superpower with these allocations
Only 3.4% of total federal spending was budgeted for education - down from 3.74% the previous year and from 4.3% when Modi took over in 2014
View ArticleRs 70K-cr capital infusion in PSBs credit positive, to boost economy: S&P
The proposed Rs 70,000-crore capital infusion into public sector banks (PSBs) will provide a timely booster to these lenders, S&P Global Ratings has said. The move, announced in the Budget, is...
View ArticleGovt aims to cut stake in state-run cos to minimum required in FY20: Report
The government aims to raise Rs 400 billion from exchange-traded funds, the official told reporters. The official declined to be identified
View ArticleGovt to soon issue clarification on applicability of surcharge on FPIs
There are concerns that the increased surcharge on super-rich could also affect foreign funds investing in India
View ArticleTax proposal in Budget 2019 hits Indian companies' year of share buybacks
More than 70 companies, including software exporter Wipro Ltd., announced or completed Rs 354.6 billion ($5.2 billion) of share buybacks in the first half of 2019
View ArticleLast two fiscals saw 381,000 new jobs in central govt depts: Budget
Budget documents give break-up of the jobs that were created in central govt departments in last two years
View ArticleNo need to clarify higher tax on FPIs due to surcharges: Nirmala Sitharaman
The government on Friday raised income tax surcharge on people with an annual income of more than 20 million Indian rupees
View ArticleNirmala Sitharaman allots 4.91% of budget to women-specific schemes
Figures hoisted by housing, gas connection schemes
View ArticleBudget's Rs 100 trn infra investments to buoy domestic steel use: Icra
Plan to build 19.5 mn rural houses over next three years will also strengthen steel consumption, ratings agency says in its Budget analysis
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