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Feb 01, 2019 09:38 PM IST | Source: Moneycontrol.com
Budget 2019-20 highlights: Middle class to be 44% of population by 2024, says Arun Jaitley
Cheer for middle income tax payers. FM Goyal announces tax rebate and increase in standard deduction.
Finance Minister Piyush Goyal’s Union Budget 2019-20 may be an Interim Budget but expectations are high since it is the last one for the Modi government before the country heads for Lok Sabha elections in April-May. Expect measures to boost agriculture and bring cheer to distressed farmers but no big overhaul in income tax rates and slabs. Fiscal deficit target miss is possible. Job creation will remain in focus and so will the new e-commerce FDI policy. Railways Budget 2019 may see new measures to improve convenience.
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An evening walk down Dalal Street | Equities end volatile Budget session on a positive note; Nifty just below 10,900
No major shift in the infra policies in Budget 2019
Interim Budget could contain farm income support package; funds for stuck realty projects
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Modi govt may announce Rs 12,000 annual cash transfer to small, marginal farmers
Fitch warns of fiscal slippage if govt goes for populist interim budget
Interim Budget 2019: 25 stocks that brokerages are betting on to play the event
PM Modi urges lawmakers to utilise Parliament's Budget Session for having constructive debates
Watch | Interim Budget expectations
FM Piyush Goyal has tough task to choose between populism, fiscal prudence
Income tax concessions, farm relief package may figure in FM Piyush Goyal's Budget
This is the end of our coverage on the Interim Budget. Thank you for staying tuned, your continued readership motivates us to provide you with news of the highest factual consistency.
Decoded: Why Modi govt chose tax rebate over exemption in Budget 2019
Khyati Dharamsi Finance Minister Piyush Goyal pulled off a blockbuster Interim Budget from which not much was expected to begin with.
Has the Interim Budget improved your Quality of Life Quotient (QLQ)?
The interim budget should enable you to improve your QLQ a little bit for now, and possibly even more when the final budget is presented later this year.
Budget Reaction: What are mutual fund houses saying?
he announced tax sops for the middle class. One of the biggest announcement was the doubling of income tax exemption limit to Rs 5 lakh
Opinion | The Budget signals a bumpy ride for the market
Shishir Asthana Indian markets had a rollercoaster ride on Friday, after the budget. A number of populist measures were announced but how they will be funded is a question that the market was left wondering.
Kalyan Krishnamurthy, CEO Flipkart Group on the Interim Budget:
“It’s good to see the focus of the interim budget on rural sector, middle class. More money in the hands of rural and middle class is good for driving consumption in the country And hence good for economic growth.More and more local MSME manufacturers and sellers can cater to this increased demand from rural, tier 2/3 towns and we at Flipkart marketplace will be happy to support thousands of such sellers to access the consumers cost effectively and efficiently.“
Union Minister Arun Jaitley said that the middle class has been strengthened, and will make up close to 44 percent of the populations by 2024.
Union Minister Arun Jaitley said that fiscal deficit is higher due to a higher allocation of funds to agriculture schemes. He also said that the agricultural sector going through a crisis is overstating it.
D-Street gives a thumbs-up to Modi-govt's Interim Budget; analysts score it at 4 out of 5
Interim Finance Minister Piyush Goyal managed to strike the right balance between growth and fiscal prudence which D-Street acknowledged by closing the day in the green.
Union Budget 2019-20: The agri push can make a difference if implemented with sincerity
Expansionary budget with a focus on consumer spending and farm reforms- Direct incomes support for marginal farmers- Interest rate subvention to support allied farm activities- Allocation to crop husbandry and