Union Budget 2019

Friday, Apr 19, 2024 | Last Update : 06:50 AM IST

Congress’ Subbarami Reddy slams Budget for ignoring AP

Reddy also criticised the Prime Minister Narendra Modi’s tall claim on five trillion-dollar economy by 2024

13 Jul 2019 2:05 AM

Finance Minister Nirmala Sitharaman presented Union Budget for Modi 2.0 government. (Photo: ANI | Twitter)

Nirmala Sitharaman defends Union Budget, terms it realistic

Sitharaman said inflation has not been allowed to raise its head and keeping it under control is “a powerful tool to gauge” achievement of the govt.

13 Jul 2019 12:49 AM

Every number in my Budget is authentic: Nirmala Sitharaman

While the Budget presented on July 5 projected a nominal GDP growth of 12% for financial year 2019-20, the Economic Survey pegged this figure at 11%.

11 Jul 2019 6:25 AM

In order to convey the strong protest of the rail workforce. NFIR directs all its affiliates to arrange massive protest demonstrations and rallies wearing protest badges from 10th to 13th July all over Indian Railway, said a letter from NFIR.

Budget revealed govt's intention to 'aggressively' push privatisation: Railway union

Railways will need Rs 50 lakh crore between 2018 to 2030 to complete the sanctioned projects, Sitharaman said.

07 Jul 2019 6:08 PM

Finance Minister Nirmala Sitharaman said as a government minister she is duty bound to follow glide path to achieve fiscal deficit target of 3 per cent as per the law. (Photo: File | ANI)

Govt duty bound to achieve fiscal deficit of 3 pc as per law: FM

In Budget presented on Friday, government lowered the fiscal deficit target to 3.3 pc of the GDP for 2019-20.

07 Jul 2019 6:00 PM

The government's emphasis on investing Rs 20 lakh crore every year in infrastructure development will certainly help in increasing steel consumption and will facilitate the growth of the domestic steel industry, SAIL Chairman Anil Kumar Chaudhary said.

Budget's infra push to boost demand for steel: Industry

Announcement of streamlining multiple labour laws into 'four labour codes' is a progressive step, said TV Narendran.

07 Jul 2019 4:51 PM

Revenue Secretary Ajay Bhushan Pandey said before the increase in surcharge the highest tax rate in India was 35.88 per cent. This was against 45 per cent in the UK, 45.9 per cent in Japan, 54 per cent in Canada, and 66 per cent in France. (Representional Image)

Highest personal I-T rate in India still lower than in China, US, South Africa

Following increase in surcharge, effective income tax rate for individuals with income of Rs 2-5 crore will go up to 39 pc.

07 Jul 2019 4:00 PM

Benchmark indices had snapped their four-session rising streak and closed with sharp losses on Friday after the Budget proposal to raise public shareholding threshold.

Markets to see Budget overhang this week; IIP, inflation data eyed: Analysts

Analysts said that now that the much-awaited Budget is over, focus will shift to first quarter earnings starting mid-July.

07 Jul 2019 3:05 PM

Modi said the membership drive will further connect people from all walks of life with the saffron party. (Photo: ANI)

‘Professional pessimists’: PM Modi on $5 trillion critics

Launching his party’s membership drive, Mr Modi said it will further connect people from all walks of life with the saffron party.

07 Jul 2019 7:08 AM

A Budget for the middle class!

The firmer political constituency the budget seems to address in no uncertain terms is the elastic middle class, and it makes no bones about it.

07 Jul 2019 12:03 AM

The Opposition leaders criticised the Union government for presenting a business-as-usual Budget by the Modi-led government on Friday. (Photo: File)

Oppn leaders slam Union Budget 2019-20, call it 'disappointing'

In a series of tweets, Kumaraswamy criticised the budget and said it is a 'big blow' to the state's economy.

06 Jul 2019 4:13 PM

The American corporate sector has hailed Finance Minister Nirmala Sitharaman's first union budget, noting that it is not only inclusive, but also attractive for foreign investments. (Representational Image)

US corporate sector welcomes Indian budget, says it will attract FDIs

President of US India Strategic and Partnership Forum, Aghi said that policy decisions are encouraging for American companies.

06 Jul 2019 10:22 AM

Budget 2019:: Public sector banks get Rs 70,000 cr boost in budget 2019

FM said that the financial gains from cleaning of the banking system are clearly visible and that NPAs have reduced by over Rs 1 lakh crore last year.

06 Jul 2019 8:06 AM

Union Budget 2019: Govt gives big boost to higher education

A draft legislation for setting up Higher Education Commission of India (HECI), would be presented in the year ahead.

06 Jul 2019 8:05 AM

Merchant charges have been one of the factors discouraging electronic payment for gold and jewellery purchases. (Representational Image)

Budget 2019: Govt pushes for cashless economy, digital payment

Central Government may notify the persons to whom these provisions shall not be applicable in consultation with the Reserve Bank of India.

06 Jul 2019 8:03 AM

Guest column: Budget will provide impetus to growth

Public sector banks will be provided with Rs 17,000 crore to boost credit.

06 Jul 2019 8:00 AM

Guest column: Significant boost for Rural infra projects

The push towards e-mobility with a tax concession of 1.5 lakh for loans taken for buying e- vehicles is a welcome move.

06 Jul 2019 7:57 AM

Guest column: Focus on growth in all facets

The FM has incentivised the people buying affordable houses by increasing fiscal incentives on a home loan.

06 Jul 2019 7:54 AM

The Budget has given priority to agriculture, MSME, NBFC, infrastructure and affordable housing. Reviving business confidence, private capex recovery, manufacturing, have got lower attention.

Guest column: Concerns in financial market addressed

The Budget has set the ground for the government to execute its reforms over the next five years.

06 Jul 2019 7:50 AM

The budget and the city

We asked Delhi-hites what they thought of the Union Budget unveiled by Finance Minister Nirmala Sitharam yesterday. Here’s what they had to say.

06 Jul 2019 7:42 AM

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Columns

Mohan Guruswamy