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Budget Headlines

Overestimating revenue flows pushing India's budget gap wider

India is set to miss its fiscal deficit targets for a second year, seen as credit negative by ratings firms.

How reachable is zero-tax income level of Rs 5 lakh? Budget explained

For Rs 9.75L earners it will be difficult to claim deductions without drastic cuts in lifestyle.

Fiscal Deficit target of 3% is feasible as we are growing at a speed never seen before: FM Piyush Goyal

Goyal says he will be back with FM Arun Jaitley after the elections with more announcements for taxpayers.

View: The government is performing a risky high-wire balancing act

Govt's please-all Budget tried to appease almost everyone, thereby risking the fiscal roadmap.

Jobs plan is missing link in Modi's Interim Budget amid drama over data

The issue has become a sensitive one ahead of polls, with govt being accused of deliberately withholding data.

Modi wants you to fall in love with FDs again

Real estate investment may also pick up following the Budget sops.

Should mutual fund investors alter their strategy after Budget 2019?

Three days after the budget, most fund managers believe that investors should wait for the full budget for firm clues.

Why tax sop for Rs 5L earners is a surgical strike

The virtuous cycle is completing itself. The payoffs of GST and tax reforms are being reaped by those who need it.

Budget 2019 is a huge tax planning incentive

Taxpayers very close to the threshold limit will have to ensure their income does not exceed Rs 5 lakh.

Budget gives no clarity on how to improve credit profile: William Foster, Moody’s

“Our expectation for growth this fiscal year is 7.2% and 7.4% for next year.”

10 crore farmers to get Rs 2,000 by March-end: Junior Agri Minister

10 crore farmers to get Rs 2,000 by March-end: Junior Agri Minister

Experts and former bureaucrats say rollout could face challenges, particularly in states such as Bihar.

Jaitley says cash support to farmers may be raised

Jaitley says cash support to farmers may be raised

Jaitley slammed Rahul Gandhi for ridiculing the scheme by equating it to Rs 17 a day dole.

Some other items in Budget 2019

Some other items in Budget 2019

The government has provided a meagre Rs 2 lakh for recapitalisation of public sector banks. Equity support to Air India is s...

What farmers are saying about Modi's budget

What farmers are saying about Modi's budget

ET Magazine travels to 8 states to meet farmers braving the ongoing agrarian distress and hears them out.

View: Calculated gamble of Modi govt ahead of polls

View: Calculated gamble of Modi govt ahead of polls

The interim budget made it clear that the past five years have been a failure. This was a last-ditch attempt at trying to foo...

The good, the bad and the ugly of Modi's Interim Budget

The good, the bad and the ugly of Modi's Interim Budget

Though fall in food & fuel prices have made the cost of living look benign, core inflation has hit 5.4%.

Govt’s risky bet on high-cost funds may fuel price rise

Govt’s risky bet on high-cost funds may fuel price rise

Although government debt levels are not unmanageable, the high-risk strategy could itself fuel price rise as interest costs a...

Budget 2019: Nine things you need to know about personal tax

Budget 2019: Nine things you need to know about personal tax

If you are a resident taxpayer earning taxable income (after all applicable deductions) up to Rs 5 lakh, you will get full ta...

How much money this Budget can help you save

How much money this Budget can help you save

The change in standard deduction from Rs 40,000 to Rs 50,000 for salary earners will benefit even those with annual incomes a...

Union Budget 2019: How you fared during five years of Modi government

Union Budget 2019: How you fared during five years of Modi government

Here's the performance review of the Modi government to assess its impact on you.

Budget 2019: A fine balancing act between fiscal prudence & development

Budget 2019: A fine balancing act between fiscal prudence & development

On the fiscal front, the government has adhered to fiscal prudence.

How cost of populism fits into the economics

How cost of populism fits into the economics

The tax numbers assume that Central GST collections will rise by 21% in the coming year.

Modi flicks populist switch as election draws closer

Modi flicks populist switch as election draws closer

The budget contained $13 billion worth of measures including payouts for farmers.

Budget 2019: What happens to your taxes now

Budget 2019: What happens to your taxes now

What about the others, I.e., those earning more than Rs 5 lakh? Do they stand to gain anything? ​Pick the case study nearest ...

How Budget 2019 has changed your tax outgo

How Budget 2019 has changed your tax outgo

“With some tax planning, someone earning less than Rs 60,000 a month will not pay any tax at all”.

Tax on notional rent from second house scrapped

Tax on notional rent from second house scrapped

Home owners will no longer have to pay tax on notional rent for second occupied homes.

Budget 2019: Pension scheme for Bharat

Budget 2019: Pension scheme for Bharat

Government has gone all out to woo the unorganised sector with what is being touted as the world’s biggest pension scheme, th...

Aam stimulus for D-Street

Aam stimulus for D-Street

Domestic institutional investors were net sellers of Rs 5 crore worth of shares.

Budget 2019: Social security rides on tech to widen reach

Budget 2019: Social security rides on tech to widen reach

The unveiling of the mega pension scheme for workers in the informal sector marks a key milestone in the Modi government’s pl...

Collection of stamp duty on stocks to be centralised

Collection of stamp duty on stocks to be centralised

At present, brokers collect stamp duty at rates fixed by the state where the trade takes place and deposit it with the local ...

Budget 2019: Sweat, toil and now pension for daily-wager

Budget 2019: Sweat, toil and now pension for daily-wager

The Shram-Yogi Maandhan will cover those with monthly income of up to Rs 15,000, providing an assured monthly pension of Rs 3...

Budget 2019: Here's how much tax low, middle and high income groups save

Budget 2019: Here's how much tax low, middle and high income groups save

Piyush Goyal’s budget gifts full rebates to those earning up to Rs 5 lakh a year.

Here are the 10 dimensions of Center's Vision 2030

Here are the 10 dimensions of Center's Vision 2030

The government presents its 10-point agenda that sees India a $5-trillion economy in next five years and $10-trillion 8 years...

Proposals hurt no one, please everyone, and yet are pragmatic

Proposals hurt no one, please everyone, and yet are pragmatic

The beneficiaries are the usual suspects — consumer staples and small-ticket durables.

How you can now pay zero tax even if your salary is Rs 7.75 lakh

How you can now pay zero tax even if your salary is Rs 7.75 lakh

As per Budget, individuals with annual income up to Rs 5 lakh will get full tax rebate under section 87A.

Populist budget, but no incentives for Startups disappointing

Populist budget, but no incentives for Startups disappointing

The budget had some positive announcements to help accelerate India’s transition to a robust digital economy. Over the next f...

Modi's election budget explained in 10 easy points

Modi's election budget explained in 10 easy points

In a slew of mega announcements, the government announced tax sops for middle class, income scheme for farmers.

Winners and losers in Narendra Modi's Interim Budget

Winners and losers in Narendra Modi's Interim Budget

The budget includes big announcements such as a major income support scheme for farmers and a new pension program for workers...

As polls near, who will pay for government's ambitious promises?

As polls near, who will pay for government's ambitious promises?

The government estimates getting Rs 82,911 crore through dividend from banks and RBI in 2019-20.

Budget 2019: Dole 16% of cultivators’ income from farming

Budget 2019: Dole 16% of cultivators’ income from farming

The PM Kisan Samman Nidhi (PMKISAN) launched on Friday will benefit 120 million farmers.

Budget 2019: Allocations hiked for Scheduled Castes and Tribes

Budget 2019: Allocations hiked for Scheduled Castes and Tribes

Piyush Goyal announced a 35.6% increase in Allocation for Welfare of Scheduled Castes (AWSC) from Rs 56,619 crore in 2018-19 ...

Budget 2019: View- Fake promises for hanging on to power

Budget 2019: View- Fake promises for hanging on to power

It is important to stress that economic stability is fundamentally impossible without social stability, which has taken a bea...

Budget 2019: View- Sops for taxpayers, farmers to give consumption a Rs 93,000-cr boost

Budget 2019: View- Sops for taxpayers, farmers to give consumption a Rs 93,000-cr boost

The budget rightly focuses on consumption and rural theme. With farm distress clearly visible, the allocation for the agraria...

View: Can’t eradicate poverty if 85% oil is imported

View: Can’t eradicate poverty if 85% oil is imported

Anil Agrawal says it is high time the Centre focused more on under-the-ground exploration.

Cow Welfare: Rs 500 crore Allotted for Rashtriya Kamdhenu Aayog in Budget 2019

Cow Welfare: Rs 500 crore Allotted for Rashtriya Kamdhenu Aayog in Budget 2019

The new Aayog will try to make cow more productive for farmers and encourage them not to abandon the cow when it is of no eco...

Gender budget allocation increases by Rs 9,739 crore in Budget 2019

Gender budget allocation increases by Rs 9,739 crore in Budget 2019

While the National Nutrition Mission has received a big boost of Rs 3,400 crore, anganwadi services and the Integrated Child ...

EWS Quota: HRD seeks Rs 4,200 crore, gets Rs 2,100 crore

EWS Quota: HRD seeks Rs 4,200 crore, gets Rs 2,100 crore

The Union human resource development (HRD) ministry is learnt to have sought over Rs 4200 crore for the quota implementation ...

Budget 2019: Operating ratio of Indian Railways likely to improve

Budget 2019: Operating ratio of Indian Railways likely to improve

The gross budget estimates under revenue for the year 2019-20 is Rs 2,72,705.68 crore, recording an increase of Rs 22,854.67 ...

Ministry of Home Affairs budget exceeds Rs 1 lakh crore for the first time

Ministry of Home Affairs budget exceeds Rs 1 lakh crore for the first time

Interim finance minister allocated Rs 1,03,927 crore to the MHA, Rs 10,477 crore more than that for the previous year.

Nothing interim about Budget 2019

Nothing interim about Budget 2019

The Modi government sets aside interim budget conventions to announce the first central income transfer scheme for poor farme...

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