Union Budget 2019 | The Asian Age

Friday, Apr 19, 2024 | Last Update : 09:38 PM IST

Union Budget 2019 Page-3

Government will also create a payment platform for MSMEs to enable filing of bills and payment. (Representational image)

Union Budget 2019: Faster loans, lower interest for MSMEs

Further loans up to Rs one crore will be provided to MSMEs within 59 minutes through a dedicated online portal.

06 Jul 2019 2:21 AM

The present Railway Budget largely has the same provisions as those made in the Interim Budget by the then finance minister Piyush Goyal. (Photo: PTI | Representational)

Railways infrastructure needs Rs 50 lakh crore till 2030: Nirmala Sitharaman

Sitharaman proposed to enhance the metro railway initiatives by encouraging more PPP initiatives and ensuring completion of sanctioned works.

06 Jul 2019 2:19 AM

E-verification will resolve the issue of establishing identity of the investor and source of his funds.

Union Budget 2019: Start-ups get own channel, easy terms

The Budget proposed to start a television channel within the DD bouquet of channels exclusively for start-ups.

06 Jul 2019 2:19 AM

Delhi Metro has been given a grant of Rs 414.70 crore in the Union Budget 2019-20 as against Rs 50 crore in the last fiscal.

Budget 2019: Massive Rs 2 lakh cr push to infrastructure, connectivity

Budget finds that the country needs to develop waterways to shift a significant portion of inland cargo movement from road and rail.

06 Jul 2019 2:16 AM

The Centre has also decided to modify the present policy of retaining 51 per cent government stake to retaining 51 per cent stake inclusive of the stake of government-controlled institutions.

Union Budget 2019: Disinvestment target hiked to Rs 1.05L cr, PSU consolidation set to continue

Centre has been following the policy of disinvestment in non-financial public sector.

06 Jul 2019 2:13 AM

Sale of an option in securities attract STT of 0.05 per cent for the seller while sale of an option in securities where the option is exercised by the purchaser is 0.125 per cent, and sale of a future contract insecurities attract a STT of 0.01 per cent.

Union Budget 2019: Option traders get tax relief

Securities transaction tax will now be levied only to the difference between settlement and strike price in case of exercise of options.

06 Jul 2019 2:08 AM

Experts feel that these moves can be transformational for attracting private investments to the sector.

Union Budget 2019: Energy sector to be fit for future

The focus on group captive can trigger massive interest of large international utilities to invest in the power sector, they feel.

06 Jul 2019 2:06 AM

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

Sitharaman hits all the buttons, sticks to basics

Despite a long speech there were no magic bullets presented to kickstart a virtuous cycle of investment, growth and jobs.

06 Jul 2019 1:07 AM

Nirmala’s Budget fullof political flourishes

The Budget speech was a political declamation, but there were strong signs of the government’s desperate bid to “kickstart” the economy.

06 Jul 2019 12:00 AM

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

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Mohan Guruswamy