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Budget News
Rajya Sabha passes interim budget without debate
The 13-day Budget session was a washout in the Rajya Sabha as Opposition parties stalled proceedings daily over issues ranging from Rafale fighter jet deal to Citizenship Bill.
MSMEs rue no budgetary allotment for credit linked subsidy scheme
Put on hold two years ago, under the CLCSS, industrialists got 15 per cent capital subsidy (maximum of Rs 15 lakh) for purchasing new machinery to upgrade their units.
Day after interim budget: Centre moves on farmers’ scheme, writes to states
The cash transfer scheme was announced in the interim budget presented in Parliament Friday. The Ministry has sent guidelines to all states and Union Territories, asking the chief secretaries to personally monitor the progress of implementation.
Budget 2019: For unorganised sector, Rs 3,000 monthly pension
Goyal also announced a “substantial increase” in the Budget Estimate for welfare of SC and ST communities — an increase of 35 per cent and 28 per cent, respectively.
Budget 2019: Rs 6,000 per year not enough to save farmer from moneylender, say Farm outfits
Yogendra Yadav, president of Swaraj India, said, “This is a desperate measure to buy the farmers’ votes by transferring Rs 2,000 to their accounts before the election... Farmers will surely reject this dishonourable bargain.”
Budget 2019: PM Kisan Samman Nidhi Similar to KALIA, but falls short in some areas, says BJD
Naveen Patnaik said that the direct benefit transfer scheme was “along the lines” of the state government’s Krushak Assistance for Livelihood and Income Augmentation (KALIA) scheme.
Interim Budget: MGNREGA estimate less than 2018-19 expenditure
Activists say the lower provision does not augur well for the scheme, which is already beset by a near stagnation in wages.
Budget 2019: Salaried class, pensioners to save more
For salaried persons, the standard deduction is being raised from the current Rs 40,000 to Rs 50,000, which will give additional tax benefit of over Rs 3000 to over 3 crore salary earners and pensioners.
Budget pro-poor, pro-farmer, pro-middle class: Fadnavis
The Leader of Opposition in the state Assembly, Radhakrishna Vikhe-Patil, said: “The Budget read like BJP’s poll manifesto. The populist measures are to avoid defeat.” He described the Budget as “meaningless”.
Budget betrayal like Ram temple issue: Shiv Sena
The Sena spokesperson also said the government had implemented various anti-labour policies and the snail’s pace at which implementation of various promises made had not improved.
J&K: Traders welcome Union Budget, increase in defence allocation
However, the Chamber feels that there should have been some relaxation in GST regime wherein services are being taxed as highest as 18 per cent effecting every citizen of the country.
