Budget has a large number of measures, but they are useful in the small
The personal income tax has been simplified and reduced. Individuals will have to pay tax at the reduced rate of 10% for incomes of Rs 5-7.5 lakh, against the current rate of 20%
Increasing corporate bond market participation from 5% to 15% of outstanding bonds will enable larger global funds into triple A credit.
At present, there are 483,000 direct tax cases pending in various appellate forums i.e. Commissioner (Appeals), ITAT, High Court, and Supreme Court.
The finance minister has been lucky that she is not presenting the Budget in the midst of the election season, this is a balanced Budget nevertheless
All three sectors had lobbied hard but the Budget did not offer any respite
It is likely that this Budget will help farmers in particular as it offers good incentives for the agriculture sector
Budget 2020 takes on the current growth challenges, while maintaining a continuity in the broad direction of the govt policies
MGNREGA saw a close to 13% drop in allocation, compared to the 2019-20 Revised Estimates
Sitharaman announced that the new GST return framework and e-invoicing would be implemented from April 1, to improve compliance and plug the tax revenue leakages
Museums across the country are languishing and many of our extraordinary collections are being damaged irreparably.
The budgetary figures continue to not cover many forms of expenditures
The stress in the banks and the NBFCs has led to undermining of confidence in the sector
The increase in deposit insurance cover is being done after 27 years
Govt to trim exemptions by Sept, review customs law and procedures in line with ease of doing business
Budget 2020: LIC listing, IDBI Bank stake sale tops FM Sitharaman's agenda
The thrust on digital infrastructure will be key to bridging the socio-economic and the rural-urban divide
It was mostly well-wishers from the Opposition and the NDA that kept the finance minister cocooned with good wishes until it was time to leave
At a time like this, it becomes obligatory on the PM to bring a sense of purpose and stability to the whole polity of which the economy is the largest part
Banks on business from auto companies for transporting, mainly two-wheelers via railways