Budget

The 2019-20 Budget addresses some of the basic challenges faced by manufacturing and exports including flow of credit, infrastructure bottlenecks, labour laws, skilling among others.

Right amount of stimulus in the 2019-20 Budget would unleash the animal spirits, fire up the economy, and the move to provide 25% corporate tax to a large number of companies would see corporate earnings ploughed back in the investments.

The 2019-20 Budget has a clear action plan for making of a US$5 trillion economy over the next few years, said the Federation of Indian Chambers of Commerce and Industry (FICCI) President Sandip Somany.

In a significant development, import of Defence Equipment not manufactured in India has been exempted from Basic Customs Duty under the Budget 2019-20 tabled in Parliament on 5 July 2019 by Finance Minister Nirmala Sitharaman.

Transport sector has been allocated enhanced outlay of Rs.83,000 crore in the Union Budget presented on 5 July 2019, which the Finance Minister said will help carry out a comprehensive restructuring of National Highway Programme to ensure that the National...

Overall, the Budget 2019-20 is a balanced one with more of a long-term vision as a follow-on of the Interim Budget. It has obviously been formulated to restore confidence in the India growth story, as a whole, and more importantly...

Finance Minister Nirmala Sitharama has proposed to extend the lower rate of 25% Corporate Tax to all companies with annual turnover up to Rs.400 crore which will cover 99.3% of business in India.

India need to increase its per capita energy consumption at least 2.5 times to increase its Real Per Capita GDP by US$5000 per capita to enter the Upper-middle Income Group, said the Economic Survey 2018-19.

India’s monetary policy witnessed a U-turn over the last year, according to the Economic Survey 2018-19 tabled in parliament on 4 July 2019.

Calling for conducive tax structures to attract equity investments, Confederation of Indian Industry (CII) said that tax incidence on equity needs to be lowered to incentivize risk capital in the economy.