Budget 2019 News


India Inc makes case for fresh fiscal stimulus, more steps to boost growth

The industry chambers also made a case for accelerating infrastructure investment, privatisation of state-owned companies, among othersThe industry chambers also made a case for accelerating infrastructure investment, privatisation of state-owned companies

3 min read14 Dec 2020
Budget 2019

Insurance cover on bank FDs, deposits increased to ₹5 lakh

It is to be noted that under the current bank deposit insurance scheme in case of an unlikely bank failure deposits up to ₹1 lakh is insured

1 min read1 Feb 2020
Budget 2019

Income tax relief likely in Budget: Flat rates, fewer exemptions being considered

The Finance Ministry may allow individual taxpayers to pay a lower flat rate of tax if they forego all exemptionsThe new structure would be similar to tax rates proposed by Sitharaman late last year where the corporate tax rate was reduced to 22% from 30% for firms that agreed to forgo all exemptions, incentives

2 min read14 Jan 2020

Taxation of gifts to non-residents: A word of caution

The proposal intends to tax gift of money exceeding ₹50,000 made by residents to non-residents that were earlier claimed to be outside the ambit of India taxationThe budget aims at treating non-residents on a par with residents with respect to taxation of gifts

3 min read1 Aug 2019

Super rich tax - A sapient or a reckless move

In the latest episode of Mint Insight, Mint's Associate Editor Shrija Agrawal discusses the implications of surcharge on FPI's with Siddharth Shah, partner at Law firm, Khaitan and Co. Shah said that the tax surcharge on foreign portfolio investors (FPIs) is sending a wrong signal to a very important class of investors. Incidence of higher tax is secondary, but the move may have a negative impact on the perception of foreign investors that India has a stable regulatory and tax regime – a crucial precursor for attracting more foreign capital. It seems that the net economic implications of this decision have not been calculated – higher tax inflows vs higher capital outflows.

24 Jul 2019

Super-rich tax: FM Sitharaman shrugs off pleas by FPIs, suggests a way out

Finance Minister Nirmala Sitharaman's decision, in Budget 2019, to impose higher surcharge on income tax of high net worth individuals, has spooked Foreign Portfolio Investors. Despite appeals, she clarified in the Parliament that the government will not go back on its decision, and FPIs registered as trusts will have to pay the same tax as individuals. However, she did suggest a way out, stating that FPIs can structure their undertakings as companies instead of trusts to avoid the higher tax. She also spelled out other moves to benefit startups and non-banking finance companies. Watch the full video to find out.

19 Jul 2019

Opinion | An unimpressive budget after the massive electoral mandate

India had an opportunity to take major initiatives but what the bureaucracy gave us is just another incremental budget

4 min read18 Jul 2019

FM Nirmala Sitharaman shrugs off pleas by FPIs on super-rich tax

Finance Bill amendments propose further tax relief for startups, NBFCsFinance minister added more safeguards against tax evasion in the amendments to Finance Bill

2 min read18 Jul 2019

Are Indian stock markets staring at a bleak FY20?

Few Budget announcements have still kept market investors nervous. So, are markets staring at a gloomy second half of FY20? Saion Mukherjee, Head of Equity Research, Nomura tells Mint's Nasrin Sultana that the markets may get valuation support from lower bond yields.

18 Jul 2019

Opinion | The contours of a sustainable disinvestment platform

We need a Temasek-like entity that functions independently of its owner, the government

4 min read16 Jul 2019
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The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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