Budget 2019 | The Asian Age

Thursday, Apr 25, 2024 | Last Update : 06:12 AM IST

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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

The main objectives of the schemes are to create new jobs and reduce unemployment, promote entrepreneurship culture in India. (Photo: Twitter/ANI)

Union Budget 2019: Govt to develop 75,000 entrepreneurs in agro-rural industries

The Finance Minister also asserted that 'Ease of Doing Business' and 'Ease of Life' should be applicable for farmers too.

05 Jul 2019 1:16 PM

The Finance Minister also announced one-time six-month partial credit guarantee for the PSBs.

Budget2019: Sitharaman earmarks Rs 70,000 crore for public sector banks

Public sector banks will use technology for enabling the customer of one PSB to access service across all PSBs as well.

05 Jul 2019 1:12 PM

Finance Minister Nirmala Sitharaman (Photo: ANI)

Budget 2019: Government sets the disinvestment target at Rs 1.05 lakh crore

Strategic disinvestment of select public sector undertakings will remain a priority area, FM said.

05 Jul 2019 1:12 PM

‘The government intends to open 4 more embassies in the year 2019-20. This will not only increase the footprint of India's overseas presence but also enable us to provide better public services to the local Indian communities,’ FM Sitharaman said. (Photo: File)

Budget 2019: India to open new diplomatic missions, including 18 in Africa

She also proposed to issue Aadhar cards to Non-Resident Indians (NRIs) holding Indian passports after their arrival in India.

05 Jul 2019 1:09 PM

pension benefit will be extended to around three crore retail traders and shopkeepers with an annual turnover less than 1.5 crores.

Budget 2019: Pension benefit to be extended to around 3 cr retail traders

Rs 350 crore allocated for 2 per cent interest subvention for all GST-registered MSMEs on fresh or incremental loans.

05 Jul 2019 1:07 PM

‘I propose to consider issuing Aadhaar cards for NRIs with Indian Passports after their arrival in India without waiting for mandatory 180 days,’ Sitharaman said in her budget speech. (Photo: File)

Budget 2019: Govt proposes doing away with 180-day rule for NRIs to get Aadhaar

As on May 31, 2019, the Unique Identification Authority of India (UIDAI) had generated total of 123.82 crore Aadhaar to residents of India.

05 Jul 2019 1:02 PM

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Dilip Cherian