While presenting her maiden budget in Parliament on Friday, Finance Minister Nirmala Sitharaman said that the Indian economy will grow to become a $3 Billion economy in the current fiscal year. “From $1.85 trillion economy in 2014, the economy has now reached $2.7 trillion. We can very well reach $5 trillion in the next few […]
Tag: Budget 2019-20
Budget unlikely to up Rs 2.5 lakh income tax exemption limit
New Delhi: The current basic income tax exemption limit of Rs 2.5 lakh is unlikely to be raised in the forthcoming full Budget 2019-20, according to informed sources, as the Finance Ministry has already announced a provision whereby individuals earning up to Rs 5 lakh can get full tax rebate under Section 87A. Those earning […]
Expert opinions on Interim Budget 2019-20
Following are the opinions by experts on the Interim Budget 2019-20 presented by Finance Minister Piyush Goyal on Friday: Joe Verghese, Managing Director, Colliers International India. If the government is looking for a silver bullet in an election year, when the threat of “jobless growth” is rearing its head, injecting liquidity into the real estate/ […]
Budget 2019-20: National Education Mission gets Rs 38,572 cr
New Delhi : The government on Friday announced a budget of Rs 38,572 crore for its National Education Mission which comprises the Centrally sponsored schemes for education under which it allocates funds to the states and union territories. The budget amount is an increase from last year’s Rs 32,334 crore. Most part of this entire […]
Budget 2019-20: Deficit for current fiscal pegged higher at 3.4%
New Delhi | The Centre on Friday revised upwards the fiscal deficit target for 2018-19 to 3.4 per cent of the GDP, from the previous target of 3.3 per cent. The announcement was made by acting Finance Minister Piyush Goyal while presenting the Interim Budget for 2019-20 with the general elections due to take place […]