Union Budget

Union Budget News

Pre-Budget consultations: Financial sector seeks dedicated liquidity window for NBFCs

The Union Budget for 2019-20 is scheduled to be presented on July 5.

Pre-budget consultations: Industry for tax cuts, more reforms to push investment

Reduction in direct tax rate to a maximum of 18 per cent, reducing the dividend distribution tax and reform of land and labour laws were among the suggestions made by industry ahead of the Budget.


Budget priorities, arresting slowdown, reviving financial sector on Finance Minister’s table

Sitharaman would draw upon her experience of serving the previous Narendra Modi government, as a Minister of State for Finance, then Corporate Affairs and later as a Minister of State (Independent charge) for Commerce and Industry.

Parliament session from June 17, Budget on July 5

Addressing the media after the Cabinet meeting, Javadekar said the Parliament session will commence from June 17 and conclude on July 26.

When is Union Budget 2019?

A joint parliamentary session is also scheduled to be addressed by President Ram Nath Kovind.

Creating fiscal room for big-ticket infra spend, financial sector reforms key priorities

Friday marked the first of the Budget meetings in the Finance Ministry’s Department of Economic Affairs.


Square pegs, round holes

Possibly the most problematic aspect of evaluating the budget is the opaqueness of the underlying data.

Customs duty exemption on direct imports of specified goods for defence could be reinstated

The Defence Ministry has said that the duty be withdrawn as duty component was being paid out of the ministry’s budgetary allocation.

Chetan Bhagat tweets disclaimer for being an economics expert on Budget discussion panels

The Union Budget was presented by Finance Minister Arun Jaitley in Parliament today and everybody already has an opinion on it. Chetan Bhagat too was invited as expert to speak on it, but people on social media did not take that too well.

Irked with Budget, Andhra CM Chandrababu Naidu demands justice from PM Modi

The CM alleged that despite making several visits to the national capital and holding meetings with all concerned ministers, the allocation for Andhra Pradesh remain unchanged.

Union Budget Photos

Budget 2016-17: What's become cheap, what's become costly

Here is a complete list of items that will turn costly and items that will turn cheap as a result of the Union Budget 2016-17 tabled on Monday by FM Arun Jaitley.

Budget 2014-15: The build-up

The Narendra Modi led-NDA government is likely to table the Union Budget in July.


Union Budget Videos

To boost Make in India, Budget 2019 shouldn't raise customs duties

Saloni Roy, Senior Director, Deloitte India (Indirect Tax) says that measures other than customs duties should be used to provide a boost to the Make in India campaign.

Explained: Here's how the Modi govt budgeted for elections

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.


Budget 2019: India shouldn't take protectionist steps like raising customs duties

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.

Budget 2019 may not make many changes to customs duties

Description:Saloni Roy, Senior Director, Deloitte India (Indirect Tax) says that not many changes are expected to be announced in customs duties since it is a Vote on Account.

Supreme Court Seeks Legal Provisions That Bars Budget Presentation Before Assembly Polls

The Supreme Court sought legal provisions supporting the PIL against the Centre’s decision to present Union Budget on February 1. Deferring the PIL hearing to January 20, the apex court sought material and legal provisions that bars presentation of budget before assembly elections. The apex court asked PIL petitioner Manohar Lal Sharma which law is […]

Petrol price reduced, diesel hiked

New Delhi, Mar 01 (ANI): The government on Monday lowered the price of petrol by Rs 3.02 per litre while the price of diesel was raised by Rs 1.47 per litre. The revised prices will take effect from the midnight of February 29 and March 1. The revision in fuel prices comes on a day when Finance Minister Arun Jaitley presented the Union Budget for 2015-16 in the Parliament. With this change, the price of Petrol in Delhi will become Rs. 56.61/litre while diesel will be available at Rs. 46.43/litre. People across the nation welcomed the reduction of petrol price, and hoped for further reduction in fuel price.