Are tax proposals in Budget 2019 confusing? Here's help

Budget 2019-20 proposed a slew of measures to attract investments and bolster growth. The key proposals in the budget which are relevant to FPIs include increase in surcharge for taxpayers other than corporates and partnership firms, increase in the default limit for FPI investment in Indian equities from 24% to the sectoral limit, merging the NRI-PIS route with the FPI route, rationalization of KYC norms and rationalization of STT rates on option contracts. Rajesh Gandhi, Partner, Deloitte Haskins & Sells LLP speaks to Nasrin Sultana, Mint on how to interpret the tax proposals.

Budget 2019: More tax for those earning over ₹2 crore yearly

Finance Minister Nirmala Sitharaman presented the Union Budget for the second term of Narendra Modi government. During the budget, she spoke about the income tax and surcharges on the tax. Surcharge on those with income between ₹2-5 crore and 5 crore-above are to be increased. "Enhance the surcharge on individuals having taxable income from 2 crore to 5 crore and 5 crore and above so that effective tax rates for these two categories will increase by around 3% and 7% respectively, the finance minister said.

Key things that markets will watch out for in Union Budget 2019

Indian market investors will keep a close eye on the first Union Budget by the new government on Friday. Rusmik Oza, head of fundamental research, Kotak Securities Ltd speaks to Mint's Nasrin Sultana on key things that markets will watch out for in Union Budget 2019.

Mint Budget Round Table: How Modi govt can achieve $5 trillion economy aim

• With just days to go for Modi government 2.0's first budget, let's take a look at the possible measures that the NDA administration can undertake to achieve its goal of making India's economy worth $5 trillion in 5 years. From a complete structural overhaul of the Indian economy, to altering the way credit flows in the market, and differentiating between the politicians' five-year plans and the institutions which need to take a long-term view - experts on the Budget Round Table analyse a wide variety of issues which play a role in India's journey to the $5 trillion mark.

New industrial policy likely in Budget; advantage India amid US-China tussle?

The Union Budget 2019-20 is expected to contain a new industrial policy, which is likely to focus on re-industrialising the economy and creating manufacturing jobs. The announcement of the new policy would come amid upheaval in the global economic order, with manufacturers considering an exit from China due to its protracted trade war with the United States of America. The policy was ready by the end of Modi government's first term, but wasn't released possibly due to electoral concerns.

Budget 2019: What millennials want from Union Budget

Mint's Nasrin Sultana speaks to students and millennials in Mumbai about their wish list from the Union Budget 2019. Most students are looking for more skill-based education, government's emphasizes on sports, culture and art. Hoping that education should be accessible for all, they also expect the government to remove reservations and quota in the education system.

‘Union Budget not a magic wand to turnaround economy,' says Economist

• India’s first full-time woman Finance Minister Nirmala Sitharaman is all set to table her maiden budget on July 5 and expectations from this budget are high. LiveMint’s Shreya Nandi caught up with Devendra Pant, Chief Economist of India Ratings and Research to discuss the impending Union Budget 2019-20 and how Modi govt 2.0 could use this budget to their advantage to kick-start economic growth.

Mint Budget Special: Will Union Budget 2019 boost markets?

Mint's Nasrin Sultana goes to Dalal Street to take pulse of the stock markets ahead of Union Budget 2019. While retail investors are much concerned about increase in LTCG, stock markets analysts feel that the Union Budget may just be a non-event.

FM Nirmala Sitharaman and the budget tightrope she faces on July 5

Nirmala Sitharaman has quickly climbed the political ladder to reach one of the most prestigious and important posts in the Government of India. She joined the BJP only in 2006, and in the 13 years since, has managed to occupy some of the highest offices of the land, including the top post at the Defence Ministry, another historic first for a woman. Ahead of her first budget presentation on July 5, here's a brief summary of Nirmala Sitharaman's career so far

Budget Special: What small traders expect from Union Budget 2019

As India gears up for the union budget, Mint's Nasrin Sultana speaks to traders and businessmen at Zaveri Bazaar and Buleshwar in Mumbai to take stock of what are their expectations from the Finance Minister on 5 July

Budget 2019: Tax relief for salaried class, wealth tax on the cards?

With India's new Union Finance Minister Nirmala Sitharaman preparing to deliver her first budget on July 5, Surya Bhatia, Managing Partner at Asset Managers, helps decode what the document might contain for the common man. He comments on the speculation that income tax exemption limits may be raised, thus putting more money in the hands of the salaried class. Bhatia also assesses the possibility of the re-introduction of a wealth tax on the high income group. Watch the full video for more.

 ‘MSMEs glad that budget will revive demand and growth’: Anil Bharadwaj

Anil Bharadwaj, the Secretary General of Federation of Indian MSME unpacked the budget for Livemint. He said that the budget would revive the demand and the growth of the country, which had slumped after demonetisation and the GST.

Word for Interim Budget 2019 : Equanimity, says Nilesh Shah of Envision Capital 

In an interview with Livemint, Nilesh Shah of Envision Capital talks about how the budget was overall positive for markets but the bond markets were not quite convinced with the fiscal maths.  

Budget presented with a positive outlook : Piruz Khambatta 

In an interview with Livemint, Piruz Khambatta, Chairman CII (Western Region) and Chairman & Managing Director, Rasna says that the interim budget has been presented with a positive outlook. The Budget announcements have largely taken care of the agriculture sector, middle income class and unorganized sector. The additional income for this population will lead to enhanced spending and higher economic growth. Fiscal deficit of 3.3% forecasted for 2018-19 has been revised upwards by 10 basis points. 

Budget 2019 tax proposals: Here’s who gains and how

Livemint decodes the implications of tax proposals in interim budget 2019 with personal finance expert Monika Halan. The budget proposed rebates for all those with taxable income of up to Rs. 5 lakh per annum. Tax burden has also been reduced due to the proposed increase in standard deduction from the earlier Rs. 40,000 to ₹50,000. Watch the full video where Monika Halan unpacks how the tax proposals will impact your pockets.

Boost to Affordable Housing Amidst High Electoral Pitch 

• In an interview with Livemint, Anuj Puri, Chairman Anarock Property Consultants talks about how the interim budget provides a boost to affordable housing. Puri adds that there is a tax exemption for developers by one more year and the decisive push to the second home market. However, in terms of downsides, no major tax relief to the "real" middle class and no announcement on clearing the NBFC deadlock.   

Budget 2019: Experts explain how tax rebates affect your pockets

Budget 2019: Finance Minister Piyush Goyal proposed many changes in income tax rules for the year 2019-20. Besides higher standard deduction, he also proposed tax rebates for those earning ₹5 lakh per annum. Tax experts unpack how these proposals will impact the pockets of the middle class. Presently, income up to ₹2.5 lakh is exempt from personal income tax. Income between ₹2.5 and ₹5 lakh attracts 5% tax, while that between ₹5 lakh and ₹10 lakh is taxed at 20%. Income above ₹10 lakh is taxed at 30%.   

Budget 2019 addressed rural distress; held pleasant surprise for middle class

The BJP government announced its interim Budget 2019 on Feb 01. Mint spoke to industry executives at CII's Budget event in New Delhi on Friday. Here industry leaders across real estate, healthcare, infrastructure, and taxation, share their views on how the Modi government fared in its Budget 2019 announcements.  

Pawan Goenka decodes the good, bad & ugly of the budget  

In an interview with Livemint, Pawan Goenka, Managing Director, Mahindra & Mahindra Ltd. decodes the good, bad and ugly of the budget. Goenka is of the view that the budget was a balanced one.  

Growth-oriented budget with an eye on upcoming polls: Experts

Hindustan Times unpacked the Interim Budget 2019 with Dr. D K Srivastava from Ernst & Young and Hitesh Sawhney from PricewaterhouseCoopers. Given that it’s a pre-election budget, Dr. Srivastava spoke about the positive aspect of the cash dole given to marginal farmers but also pointed out how it would add to their disposable incomes which will partially add to consumption expenditure. On the other hand, Hitesh Sawhney explained how the government devised the budget keeping in mind the upcoming elections.