Nirmala Sitharaman | The Asian Age

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Nirmala Sitharaman Page-21

The collection from the sector in the last fiscal fell short of Rs 9,416.42 crore at Rs 39,245 crore from the budgeted provision of Rs 48,661.42 crore.

Budget 2019: Govt enhances revenue collection from telecom sector to Rs 50,519 cr

Receipts from the telecom sector mainly relate to the licence fees from operators and spectrum usage charges.

05 Jul 2019 3:43 PM

According to the Budget documents, the proposed scheme covers past disputes of taxes which have got subsumed in GST.

Budget 2019: Amnesty scheme for excise, service tax cases to unlock Rs 3.75 lakh crore

The relief proposed under scheme varies from 40 pc to 70 pc of the tax dues for cases other than voluntary disclosure cases.

05 Jul 2019 3:26 PM

Budget 2019: What is getting more expensive, what's cheaper?

A large number of imported items like books, plastic items and imported auto parts are set to be costlier.

05 Jul 2019 3:25 PM

Govt will provide a one-time partial credit guarantee to PSBs to buy high-rated pooled assets of financially sound NBFCs.

Budget 2019: Govt to provide credit guarantee to PSBs to buy NBFC assets

The NBFC sector is currently undergoing a liquidity hurdle with a spate of defaults of companies.

05 Jul 2019 3:06 PM

Direct tax revenue has significantly increased by over 78 per cent from Rs 6.38 lakh crore in the financial year 2013-14 to around Rs 11.37 lakh crore in the financial year 2018-19.

Budget 2019: High-end income group people need to pay 3 pc to 7 pc more annually

Budget 2019 proposes to make return filing compulsory for persons, who have deposited more than Rs 1 cr in a current account in a year.

05 Jul 2019 2:57 PM

According to the Budget for 2019-20 presented in Parliament by Finance Minister Nirmala Sitharaman, Goods and Services Tax collections will contribute 19 paise in every rupee revenue.

Budget 2019: For every rupee in govt kitty, 68 paise come from taxes

Corporation tax is the single largest source of income, contributing 21 paise to each rupee earned.

05 Jul 2019 2:57 PM

Presenting the Budget for 2019-20, Nirmala Sitharaman proposed to start a television programme exclusively for startups that will be executed by startups themselves'.

Budget 2019: FM proposes starting exclusive channel for startups

Standup India will be continued for the entire period coinciding with the 15th Finance Commission, i.e., 2020-2025.

05 Jul 2019 2:48 PM

FM proposed additional deduction of Rs 1.5 lakh for interest paid on loans borrowed up to March 31, 2020. (Photo: File)

Budget 2019: What does this budget hold for homebuyers?

FM said said the Centre would take substantial steps to promote rental housing for which government would make amendments in rental laws.

05 Jul 2019 2:48 PM

Sitharaman said surcharges on individuals having taxable income of Rs 2 crore to Rs 5 crore; and Rs 5 crore and more have been raised.

Budget 2019: Cess on petrol, diesel hiked by Re 1 per litre

Finance minister also announced TDS of 2 per cent on cash withdrawal of more than Rs 1 crore from a bank account.

05 Jul 2019 2:26 PM

Prime Minister Narendra Modi on March 7 had unveiled new series of coins of one rupee, two rupees, five rupees, ten rupees and twenty rupees, easily identifiable to the visually impaired. (Photo: Representational | PTI)

Budget 2019: Govt to soon put in circulation new series coins of up to Rs 20

These new coins will be made available for public use shortly, said Finance Minister Nirmala Sitharaman.

05 Jul 2019 2:20 PM

While presenting interim Budget 2019-20 in February, the government had pegged fiscal deficit target at 3.4 per cent.

Budget 2019: Govt lower fiscal deficit target to 3.3 per cent for FY20

The fiscal deficit this year is 3.3 per cent brought down from 3.4 per cent.

05 Jul 2019 2:12 PM

Union Minister also said that faceless and anonymous assessment system for income tax will be rolled out in phases this year.

Budget 2019-20: Those without PAN can now file returns using Aadhaar

On Thursday, the Lok Sabha passed by voice vote the Aadhaar and Other Laws (Amendment) Bill, 2019.

05 Jul 2019 2:02 PM

Sitharaman said with a view to incentivising investment in GIFT (Gujarat International Finance Tec-City) City, the government proposes several tax benefits. (Photo: File)

Budget 2019: PAN, Aadhaar interchangeable for filing of IT returns, says FM Nirmala

Aadhaar card for NRIs with Indian passports will be issued after their arrival in India, without waiting for the mandatory 180 days.

05 Jul 2019 1:59 PM

'The budget for a New India has a roadmap to transform the agriculture sector of the country, this budget is one of hope,' Modi added. (Photo: ANI | Twitter)

Middle class will progress; this budget is one of hope: PM Modi

He also ensured that the development work will expedite even more and the tax structure will simplify and infrastructure will modernise.

05 Jul 2019 1:57 PM

The budget speech didn’t find the mention of Antrix Corporation being replaced by NSIL. (Photo: ANI)

Budget 2019: Antrix Corp likely to be replaced by NSIL

NSIL would be the financial arm of the state-run Indian Space Research Organisation.

05 Jul 2019 1:53 PM

The government is proposing additional tax deduction of Rs 1.50 lakh on interest paid on home loans taken up to March 2020, said Finance Minister Nirmala Sitharaman. (Representational image)

Additional tax deduction of Rs 1.50 lakh on interest on home loans proposed

Government will also provide income tax deduction of Rs 1.5 lakh on interest paid on loans for purchase of electric vehicles.

05 Jul 2019 1:38 PM

Hailing the contribution of women in the Indian economy, Finance Minister Nirmala Sitharaman on Friday termed their role in the rural sector a 'sweet story'. (Photo: File)

Union Budget 2019: FM draws attention to women of India with 'Naari tu Narayaani'

Sitharaman announced that a woman in every SHG will be made eligible for loan upto Rs 1 lakh under the government's Mudra scheme.

05 Jul 2019 1:36 PM

‘Annual Global Investors' Meet to be organized in India, using National Investment and Infrastructure Fund(NIIF) as the anchor to get key sets of global players to come and invest in India Budget 2019,’ FM Nirmala said while presenting her maiden budget in the Lok Sabha. (Photo: ANI)

Budget 2019: India to organise Annual Global Investors' Meet every year: FM

She also said that the Centre has planned structural reforms to kickstart foreign, domestic investment.

05 Jul 2019 1:33 PM

The corporate tax rate is 30 per cent at the moment.

Budget 2019: Firms with turnover of Rs 400 cr to pay lower 25 pc corporate tax

Only 0.7 per cent of the companies will now remain outside the 25 per cent corporate tax bracket, says Sitharaman.

05 Jul 2019 1:26 PM

'Gandhipedia is being developed to sensitise the youth about positive Gandhian values,’ she said while present Union Budget 2019-20 in Lok Sabha. (Photo: ANI | Twitter)

Budget 2019: 'Gandhipedia' being developed to inform youth on Gandhian values

The Swachh Bharat mission is one of the largest cleanliness drives, as well as an attempt to effect behavioural change, in the world.

05 Jul 2019 1:25 PM

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