Nirmala Sitharaman | The Asian Age

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Finance Minister Nirmala Sitharaman with her team before presenting the budget. (Photo: Twitter | ANI)

Budget 2019: Not Big Bang, but comprehensive focus on corporates to rural India

Finance Minister Niramala Sitharaman's maiden budget received mixed response from critics and industry experts.

05 Jul 2019 8:46 PM

Jyothi Laboratories' Ullas Kamath opined that the fixing the slowdown could be done by increasing the consumption for which salaries should have gone up. (Photo: Representational)

Budget 2019: Little done to address economic slowdown, says FICCI Karnataka

FICCI felt there was little done to address the economic slowdown while health and education did not get the required filip.

05 Jul 2019 8:01 PM

Terming the hike in petrol-diesel prices as 'Election Prize', Mamata said, 'As a result, price hikes will hit from transport to market to kitchens. Commoners are suffering and suffering...This is Election Prize!!' (Photo: File)

West Bengal CM Mamata Banerjee terms Union Budget as 'completely visionless'

FM Sitharaman said an additional excise duty and road and infrastructure cess of one rupee will be imposed on petrol and diesel.

05 Jul 2019 7:44 PM

Sitharaman in her maiden budget speech noted that a harmonised and hassle-free investment environment needs to be provided to foreign portfolio investors and KYC norms for them would be rationalised and simplified to be made more investment-friendly, without compromising on the integrity of cross-border capital flows. (Representational Image)

Budget 2019: KYC norms relaxation, other proposals for FPIs to boost economy: Experts

Finance Minister Nirmala Sitharaman in the Budget for 2019-20 proposed easing KYC norms for foreign portfolio investors.

05 Jul 2019 7:32 PM

Liquidity has been a major concern for the real estate sector, which the government has tried to address to a certain extent in this Budget, said NAREDCO President Niranjan Hiranandani. (Representational image)

Budget 2019: Tax deduction on home loan interest to boost housing demand: realtors

Many, however, rued that real estate sector was not given 'industry' status and no stress fund got created for stalled projects.

05 Jul 2019 7:17 PM

'There is a need to introduce bank reforms rather than pumping in more money in the banking sector. There was no need for high taxes on petrol and diesel. Therefore, there would be a hike in inflation as well,' Badal said. (Photo: ANI)

Budget 2019 -- long on talk, short on delivery: Punjab Finance Minister Badal

He said that Rs 1 lakh crore is to be invested in infrastructure sector, but there was no mention about any master plan to be implemented.

05 Jul 2019 6:43 PM

The 30-share Sensex finished 394.67 points, or 0.99 per cent, lower at 39,513.39.

Budget 2019: Markets snap winning run as public float proposal spooks investors

Sitharaman said it was the right time to consider increasing minimum public shareholding from 25 pc to 35 pc.

05 Jul 2019 6:16 PM

Out of the total allocation, Rs 1,08,248 crore has been set aside for capital outlay to purchase new weapons, platforms and military hardware. (Representational Image)

Budget 2019: Rs 3.18 lakh crore allocated to Defence budget

The outlay for defence sector almost remained unchanged compared to what was allocated in the interim budget on February 1.

05 Jul 2019 5:52 PM

Terming the connectivity as the lifeblood of the economy, Nirmala Sitharaman announced a slew of steps to scale up India's infrastructure programmes including augmenting 1,25,000 km of rural roads under the Pradhan Mantri Gram Sadak Yojana at a cost of Rs 80,250 crore and creating a national highways grid.

Budget 2019 stresses on massive infra investments to grow into USD 5 trillion economy

Infrastructure financing needs have been estimated at around Rs 20 lakh crore a year, said Nirmala Sitharaman.

05 Jul 2019 5:48 PM

It was proposed to increase duty on other alloy steel and wire of other alloy steel (other than INVAR) to 7.5 per cent from 5 per cent at present. (Photo: Representational)

Budget 2019: Govt hikes customs duty on stainless steel items, alloy steel

The current customs duty on stainless steel products is 5 per cent.

05 Jul 2019 5:32 PM

Finance Minister Nirmala Sitharaman (Photo: ANI)

Budget 2019: Here's how the industry reacted to Modi 2.0's first budget

Banking high on infrastructure, the government aimed to collect more revenue to increase growth.

05 Jul 2019 5:29 PM

Diesel is priced at Rs 64.33 a litre in Delhi and Rs 67.40 per litre in Mumbai. (Photo: Bunny smith)

Budget 2019: Petrol price to rise by Rs 2.5, diesel by Rs 2.3 after FM raises tax

A litre of petrol costs Rs 70.51 in Delhi and Rs 76.15 in Mumbai.

05 Jul 2019 5:08 PM

Budget 2019: Govt proposes National Research Foundation, Sports Education Board

To boost jobs, the government announced 10 million youth to take skill training under the Kaushal Vikas Yojana.

05 Jul 2019 5:00 PM

Besides PM-KISAN, the government has proposed to increase the allocation for the Pradhan Mantri Fasal Bima Yojana (PMFBY) to Rs 14,000 crore for the current fiscal against the revised estimate of Rs 12,975.70 crore for the 2018-19. (Representional Image)

Budget 2019: Govt raises budget allocation to agri ministry by 78 pc in FY'20

PM-KISAN aims to give Rs 6,000 annually in three equal installments to 12.6 crore small and marginal farmers.

05 Jul 2019 4:58 PM

The NPS is a voluntary, defined contribution retirement savings scheme for government employees as well as for those working in the private sector.

Budget 2019: Govt proposes to separate NPS Trust from PFRDA

The proposal to separate the two job roles was under consideration for last few years.

05 Jul 2019 4:49 PM

The expenditure budget of Rs 1,159.05 crore in the 2019-20, includes Rs 1,097 crore on central sector schemes/projects and Rs 23.15 crore on Coal Mines Pension Scheme. (Representational Image)

Budget 2019: Coal Ministry sees 48 pc jump in allocation to Rs 1,160 cr for 2019-20

The bulk of increase in the Budget allocation for 2019-20 is towards central sector schemes.

05 Jul 2019 4:46 PM

‘The government aims to bring greater ease of living in the lives of citizens. 35 crore LED bulbs have been distributed under Ujala leading to cost saving of Rs 18,341 crores annually,’ Sitharaman said. (Photo: ANI | Twitter)

Budget 2019: LED bulbs distributed under Ujala scheme saving Rs 18,342cr annually

She further said that India is going to be free of incandescent bulbs and govt will promote use of solar stoves and battery chargers.

05 Jul 2019 4:33 PM

The Union Budget also provides for exempting import of certain defence equipment from basic customs duty, reducing customs duty on certain raw materials and capital goods, and rationalisation of export duty on raw and semi-finished leather. (Photo: Representational)

Budget 2019: GST processes to be simplified, automated GST refund to be implemented

The Budget proposes to move to electronic invoice system wherein invoice details will be captured in central system at the time of issuance.

05 Jul 2019 4:20 PM

Chief Economic Adviser K V Subramanian had also on Thursday said that cost of capital internationally is low while liquidity is very high there.

Govt to start raising part of its gross borrowings from external markets: FM

The government would start raising a part of its gross borrowing programme in external markets, said Nirmala Sitharaman.

05 Jul 2019 3:49 PM

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman presents Union Budget 2019-20. (Photo: File)

Budget 2019: Highlights from FM Nirmala Sitharaman's maiden speech

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman made her maiden Budget Speech and presented it in Lok Sabha.

05 Jul 2019 3:43 PM

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Sunil Gatade