The govt expects the additional revenue from the increased surcharge on individuals at just Rs 2,724 crore
At lower levels, one should go contrarian and accumulate stocks for long term earnings growth potential
To achieve growth in the economy, it is imperative to support the financial services sector
A detailed look at eight important tax proposals from the budget that taxpayers must not miss
In the Budget presented on July 5, the government lowered the fiscal deficit target to 3.3 percent of the GDP for 2019-20 as compared to 3.4 percent projected in the interim Budget in February.
Largely, the steps proposed by the present government can be seen as focusing on the consumer sector and it is a matter of time before the implementation and outcome of these proposals kick in
Those mandated to file returns include people spending more than Rs 2 lakh on a foreign trip or depositing Rs 1 crore in a year in a bank account or paying electricity bill of more than Rs 1 lakh in a year.
Earlier this week, the Economic Survey had raised concerns over the spill over effects of the NBFC crisis
Jewelry and allied space are going to get hurt due to additional customs duty hence stocks like Titan Company and TBZ from this space may see some pressure on the upside, says Mustafa Nadeem
Retail investors in CPSE ETFs could get ELSS-like income tax benefits, according to the Budget proposals, says Umesh Mehta
Overall, the government's budget continues to be a balanced one with managing short term challenges keeping the long term strategic goals intact, says B Gopkumar
FCM Travel Solutions MD Rakshit Desai said the government's continuous commitment towards building a better physical and social infrastructure is a commendable gesture.
Overall investment in the economy should get support through the proposed infusion of Rs 70,000 crore into public sector banks, M M Murugappan, Executive Chairman of Murugappa Group said.
Successful achievement of an investment target of Rs 100 lakh crore in the infrastructure sector over the next five years, would need planning, monitoring, and implementation at a hitherto unrealized scale.
According to industry experts, the decision could lead to increase in smuggling of the yellow metal in the country.
In the Budget 2019-20, the government proposed to raise the import duty on gold and other precious metals from 10 per cent at present to 12.5 percent.
Reduction in exemption for corporate tax (companies having annual turnover up to Rs 400 crore) could benefit several companies thus stimulating growth, jobs and investments.
The FM’s speech moots a path to consider generating financing pools for the vast capital requirements.
If government achieves fiscal target along with CAD and GDP for FY20, then it would be highly beneficial for economy and market and as a result, we expect huge FII’s inflows in coming months.
The tea body said that the imposition of two percent TDS would compromise with the liquidity position of the tea estates.
For all the talk of the huge election mandate, agriculture as a sector failed to find its pride of place in the latest budgetary exercise. A political consensus can tilt he scales though
The S&P BSE Midcap index fell 0.56 percent while the S&P BSE Smallcap index was down 0.69 percent for the week ended July 5, compared to 0.20 percent rise in the Nifty50, and about 0.30 percent gain in the Sensex in the same period.
Overall, the budget has responded comprehensively to the sector’s requirements by way of adequate fund allocation, better understanding of regulatory shortcomings and streamlining foreign investments into the economy.
This Budget takes into consideration the aim of building a $5 trillion economy while incorporating learnings from the Economic Survey 2018-19, on infrastructure spending, affordable housing, credit growth and the MSME sector.
Services of exploration, mining or drilling of petroleum crude or natural gas or both, witness a GST rate revision from 18 percent to 12 percent. In the coal mining industry, this will improve the inverted-duty structure situation a bit