Budget Videos

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. 

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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.

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%.   

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.   

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.

Budget addresses distressed sectors: Sunil Kant Munjal, Hero Enterprise

The ruling NDA government’s interim budget announced on Feb, 01 ticks all the boxes as a populist budget, Sunil Kant Munjal, Chairman, Hero Enterprise told Mint in an interview as it helps the distressed and informal sectors with the much-needed social security. Munjal also praised the government’s attempt towards maintaining fiscal discipline. For FY 20 the government has pegged fiscal deficit at 3.4%, that Munjal views as a positive.

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Mint Budget Round Table: Can the interim budget revive rural sector?

It is widely believed that the interim budget may contain certain sops for farmers in a bid to revive the rural economy. Eminent economists who were part of the Mint Budget Round Table believe that loan waivers will not do much to revive the rural economy. “Loan waivers will revive the wrong kind of rural demand,” says economist Indira Rajaraman. “Structural reforms are needed to revive the collapsing rural economy,” says Himanshu, assistant professor at JNU. Watch the full video for all this and more. 

Mint Budget Round Table: What economists expect from the interim budget 

The Narendra Modi-led government will present an interim Budget on 1 February ahead of the general election scheduled later this year. The budget is widely expected to contain certain sops for farmers and the middle class. The Mint Budget Round Table brought together a panel of eminent economists to discuss the expectations ahead of this year’s budget. What will be the political and fiscal impact of this budget? Watch the full video for all this and more. 

Mint Budget Round Table: Can interim budget redress agrarian distress?

  • The Mint Budget Round Table brought together a panel of eminent economists to discuss the expectations ahead of the 2019 interim budget. Economists Indira Rajaraman, Arvind Virmani and Himanshu analyzed the challenges that the NDA government faces with regard to tackling the widespread agrarian distress. They were unanimous in cautioning the “government to examine the fiscal space for income transfer programmes.” Watch the full video for all this and more.

What does Universal Basic Income mean?

Congress party president Rahul Gandhi on Monday formally put the idea of the universal basic income on the political agenda after he promised to implement it if the party was voted to power in the forthcoming general election. First proposed by former chief economic adviser in the finance ministry Arvind Subramanian in his Economic Survey for 2016-17, universal basic income (UBI) is a form of social security guaranteed to citizens and transferred directly to their bank accounts to ensure a minimum living standard for all.