The move would help meet various social welfare objectives related to inclusive growth and financial inclusion.
Sitharaman added that the government would expand the women self-help group interest subvention programme to all districts and provide loans of up to Rs 1 lakh.
The requirement to meet 35 percent would result in companies needing to offer approximately Rs 1 lakh crore to the public
Rapid urbanisation is an opportunity rather than a challenge, Sitharaman said.
Railways will need Rs 50 lakh crore between 2018 to 2030 to complete the sanctioned projects
This could reduce reluctance to rent and enhance the supply of rental homes, making productive use of vacant houses
The NCMC standard developed is an inter-operable transport card allows holders to pay for their bus travel, toll taxes, parking charges, retail shopping and withdraw cash, Sitharaman said.
The requirement of a minimum public float of 25 percent was introduced in 2010 for all non-public sector undertakings
The measures will help NBFCs, which have been going through a crisis, to increase liquidity in the system as they will have more avenues to raise funds.
PSU banks are likely to see a turnaround in profitability given that most of the pain has been recognized and NPA and credit costs are peaking out
Welfare funding does not cure or address the root cause of poverty but only treats the symptoms. The root cause of poverty is about lack of skills and economic opportunity.
We believe that a rethink is needed on the Long Term Capital Gains Tax (LTCG) introduced last year.
Another area which deserves focus in this budget is the relaxation of norms which currently provide for lapse of tax losses on a more than 49 percent change in shareholding of the target
In this episode of 3 Point Analysis, Moneycontrol’s Jerome Anthony explains the key expectations of the infrastructure sector from Budget 2019.
Now that the NDA has got its thumping mandate, it’s time for the real deal. The first Union Budget in NDA 2.0 and the first one by Nirmala Sitharaman, the freshly minted finance minister.
As newly elected Finance Minister Nirmala Sitharaman presents the Budget, she will be making history as the first full-time woman finance minister in India to do the same
With these Budget measures and a slew of changes from the other regulators, Indian startups can finally take their place on the world stage and become global powerhouses
Allowing the private sector access to select databases for commercial use can be fraught with risks
The Economic Survey believes that adequate charging infrastructure for electric vehicles is more important than even tax incentives
The expectation is that there will be positive steps to increase budget allocation and therefore government spending on healthcare
Given the slowdown in the consumption space, rural distress, and delayed monsoon coupled with ongoing NBFC crisis, India Inc is expected to post modest earnings performance for April-June quarter
India’s overall government expenditure is substantially higher than most peers in the region
The government is expected to reiterate its focus on improving regional connectivity through its Regional Connectivity Scheme or UDAN and making flying affordable to the masses by providing a favourable eco-system
At present, life insurance premium have tax exemption under Section 80C
Along with GST, industry players are urging the government to push more digital reforms.