• 

  Govt increases cess; petrol, diesel prices to rise by more than Rs 2

  Budget | July 05, 2019 17:25 IST

  Post considering local sales tax or value-added tax (VAT), which is charged after adding central excise duty on base price, the increase in petrol price would be over Rs 2.5 per litre and that on diesel would be Rs 2.3.

• 

  NRI businessmen in Gulf welcome India's budget, urge job creation

  Budget | July 05, 2019 16:50 IST

  Sitharaman hiked tax on petrol and diesel, raised import duty on gold, levied an additional surcharge on super rich and brought a tax on high-value cash withdrawals as she sought to spur growth with reduction in corporate tax and sops to housing sector, startups and electric vehicles.  

• 

  Budget 2019-20: National Sports Education Board to be set up under Khelo India

  Budget | July 05, 2019 16:37 IST

  Sitharaman made the announcement while presenting the Union Budget 2019-20 in the Parliament. "To popularise sports at all levels, a National Sports Education Board for development of sportspersons will be set up under Khelo India," the Finance Minister said.   

• 

  Finance Minister Nirmala Sitharaman presents Budget 2019-20 in Lok Sabha

  News | July 05, 2019 16:37 IST

  Finance Minister Nirmala Sitharaman on Friday presented her maiden budget in the Lok Sabha. On home loans, Sitharaman said the income tax exemption limit has been raised by Rs 1.5 lakh. This is applicable for loans upto Rs 45 lakhs.

• 

  Cess on diesel will cripple transport sector: Trucker's body

  Budget | July 05, 2019 16:22 IST

  The All-India Motor Transport Congress also alleged that there is a move to make way for foreign players into the industry through such moves.

• 

  Budget proposes simple KYC norms for FPIs, higher public holding limit

  Budget | July 05, 2019 16:09 IST

  The finance minister further proposed to "initiate steps towards creating an electronic fundraising platform – a social stock exchange - under the regulatory ambit of SEBI for listing social enterprises and voluntary organisations working for the realisation of a social welfare objective so that they can raise capital as equity, debt or as units like a mutual fund".  

• 

  Union budget reflects everyone's trust: UP CM

  India | July 05, 2019 15:41 IST

  Uttar Pradesh CM Yogi Adityanath has said that the Union Budget presented by the Modi government represents everyone's trust and that it is aimed at making India a global economic power.

• 

  Budget 2019: No angel tax scrutiny for start-ups if requisite declarations made

  Technology | July 05, 2019 15:13 IST

  Start-ups and their investors who file requisite declarations and provide information in their returns will not be subjected to any kind of angel tax scrutiny.  

• 

  Budget 2019: Government to provide additional incentives for electric vehicles

  Technology | July 05, 2019 15:07 IST

  With Budget 2019, the government announces new tax benefits to make Electric Vehicles and e-vehicles purchase easier for buyers, by lowering the GST rate on electric vehicles from existing 12 per cent to 5 per cent.

• 

  Government enhances revenue collection from telecom sector to Rs 50,519 crore

  India | July 05, 2019 15:01 IST

  The government Friday increased revenue expectation from the telecom sector, which is reeling under financial stress, to Rs 50,519 crore in 2019-20. The Budget documents presented in Parliament on Friday showed provision of Rs 50,519.81 crore as non-tax revenue from the communication sector for 2019-20 which was kept at Rs 41,519 crore in the Interim Budget 2019-20 in February.

• 

  For every rupee in government kitty, 68 paise come from taxes

  India | July 05, 2019 15:00 IST

  For every rupee in the government coffer, 68 paise will come from direct and indirect taxes while states' share of taxes and duties is the single-largest expense head accounting for 23 per cent of total spending, budget documents showed.

Advertisement
• 

  Budget 2019: Twitterati explode with memes after Finance Minister Nirmala Sitharaman’s speech

  Trending | July 05, 2019 14:49 IST

  The Union Budget 2019 was carried by the Finance Minister Nirmala Sitharaman enclosed in a 'bahi khata' which happens to be a red cloth folder that had the national emblem emblazoned on it in gold.

• 

  BJP hails budget as one for 'New India'; Congress slams it for 'maximum intent, minimum content'

  India | July 05, 2019 15:01 IST

  The BJP hailed the Union budget on Friday as one for a "new India" that laid the foundation for an inclusive and progressive nation, while the Congress panned it for its "maximum intent" and "minimum content". Finance Minister Nirmala Sitharaman presented the Union budget on Friday and said the NDA government had set the ball rolling for a "new India" in its first term.

• 

  1,174 listed companies need to off-load promoter stake to meet budget proposal norm

  Budget | July 05, 2019 15:01 IST

  Presenting her maiden budget, Finance Minister Nirmala Sitharaman on Friday said steps need to be taken to bring capital markets closer to the people and proposed raising the threshold for minimum public shareholding from 25 per cent to 35 per cent.

• 

  Political leaders react to Budget 2019-20

  News | July 05, 2019 14:43 IST

  Finance Minister Nirmala Sitharaman on Friday presented her maiden budget in the Lok Sabha. On home loans, Sitharaman said the income tax exemption limit has been raised by Rs 1.5 lakh. This is applicable for loans upto Rs 45 lakhs.

• 

  Budget futuristic, ignites spirit of hope for India to be USD 5 trillion economy: Shah

  Budget | July 05, 2019 15:02 IST

  It also sets the stage for fulfilling our collective dreams of water for every citizen, ensuring electricity connectivity across India and boosting manufacturing especially in sunrise sectors, Shah said, adding that the budget will enable India to become a more vibrant start-up hub.

• 

  Budget 2019-20: Customs duty on auto parts, camera hiked, some electric vehicle parts exempted

  Budget | July 05, 2019 15:04 IST

  Presenting the first Budget of the Modi government in its second term, Sitharaman also announced customs duty exemption on components of specified electronic goods.

• 

  In the making of New India, Finance Minister has given utmost priority to infrastructure: Nitin Gadkari

  News | July 05, 2019 14:25 IST

  Union Minister for Road Transport & Highways Nitin Gadkari: In the making of New India, Finance Minister has given utmost priority to infrastructure. The budget of our dept in 2018-19 was Rs. 78,626 crore, now it is over Rs. 83,000 crore.

• 

  Smriti Irani reacts to Budget 2019-20

  News | July 05, 2019 14:18 IST

  Finance Minister Nirmala Sitharaman on Friday presented her maiden budget in the Lok Sabha. On home loans, Sitharaman said the income tax exemption limit has been raised by Rs 1.5 lakh. This is applicable for loans upto Rs 45 lakhs.

• 

  Budget hikes divestment target to Rs 1.05 lakh crore

  Budget | July 05, 2019 15:04 IST

  The hike in the sell-off target comes amid the slow growth in tax proceeds, forcing the government to raise revenue from non-tax revenue sources.