All told, the budget has performed an artful balancing act against a difficult macro backdrop. The big themes — financial, external, fiscal — are all well-intentioned. Now, the authorities must walk the talk with equal skill.
One notable thing was the absence of emphasis on doubling farmers’ real incomes by 2022. Perhaps the reality that this is an uphill task has dawned on the government — it may not achieve even half the target.
Patel, who suddenly quit as the RBI Governor in December 2018 nine months ahead of his three-year tenure, said the decline in share of PSU banks in the banking sector should not be resisted as the 'market mechanism is working'.
Some Congress members, led by Vikram Madam, came near the well and raised slogans, demanding stern action against perpetrators of the attack in Jammu and Kashmir’s Pulwama district where 40 CRPF personnel were killed on February 14.
While BJP claimed the “unresolved” Kashmir issue being the root cause of the situation, the opposition raked up the release of terrorist Masood Azhar by then BJP government in 1999 in exchange of passengers of a hijacked Indian Airlines’ flight.
Budget 2019: Indian Express Rural Affairs Editor Harish Damodaran and Consulting Editor Shaji Vikraman take a deep dive and explain fine prints of the Union Budget presented by Finance Minister Piyush Goyal in Lok Sabha today.
Saloni Roy, Senior Director, Deloitte India (Indirect Tax) says that she hopes that India won't raise customs duties in the Vote on Account on February 1 since it would mean taking a more protectionist stance.
Poorva Prakash, Senior Director, Deloitte India, says that the upcoming Vote on Account could give multiple personal tax concessions in order to make it a popular. She explains what can be expected on February 1.
Poorva Prakash, Senior Director, Deloitte India, explains that as a trend Finance Ministers don't make any major personal tax changes in a Vote on Account. However, she expects the Finance Minister to lay a roadmap for tax sops in this.
Terming the advancement of the budget cycle and merger of railway and union budget as “historic”, President Pranab Mukherjee, addressing both Houses of Parliament listed down the achievements of the Narendra Modi-led government, a day before Finance Minister Arun Jaitley presents the Union Budget. The president spoke of the strides made by the government in […]