S C Garg
Had planned Rs 71,000 Cr buyback of shares but did not carry out much buybacks. Direct Income Support of Rs 6000/pa to farmers is part of other schemes & subsidies. Direct Income Support is over and above other schemes for poor, marginal farmers.
The Congress needs to explain why they never initiated direct income support for farmers. Today's budget IS being celebrated by middle-class, as well as rural sectors. The current govt was left with empty treasury on back of various scams by the previous one. The Congress handed over an extremely weak economy to the NDA Govt.
Member of Parliament, Rajya Sabha
Most announcements were last minutes changes keeping the Lok Sabha elections in mind. The government does not care for fiscal deficit or the situation of the economy.
Managing Director, Mahindra & Mahindra Ltd
The budget was more or less on expected lines but relief to middle-class and pension for workers was a positive surprise. It was a responsible budget given the fiscal situation of the economy and a burden of Rs 75,000 Cr due to budget measures is very much manageable. PM Kissan Yojana will boost the rural economy and agriculture equipment sector.
J C Sharma
Vice-chairman & Managing Director, Sobha Ltd
Measures announced in budget will help boost housing sector in a big way. Rollover of capital gains, ease on notional rent will entice more investment in housing sector. Extension in period for tax on unsold inventory will help boost housing sales.
Chairman, Mahindra Group
Grateful that relief to middle class & farm segments has been delivered in a measured way. Relief was given to the poor & middle class without risking bankruptcy of economy. The budget was a controlled, pump-priming exercise.
Chairman, Godrej Group
Several good announcements were made to boost economy. PM Kisan Yojana will benefit numerous farmers, and steps announced for animal husbandry will boost income of the sector. Personal tax relief measures announced will increase consumption and boost economy.
EVP-Markets & Corporate Affairs at India Infoline Ltd
Will give 9/10 rating to this budget. Finance Minister Piyush Goyal tried to do the best with the limited resources he had. Budget only a statement of accounts, stock specific action will take front seat now.
Minister for Road Transport & Highways, Shipping and Water Resources, River Development & Ganga Rejuvenation
Remarkable step by Finance Minister to provide relief to farmers under PM Kissan Yojana. The key focus of the budget is on the poor & marginalised people of the nation. Income tax relief for the middleclass is a phenomenal step. We got an allocation of Rs 85,000 Cr for road ministry under the budget.
Vice Chairman and CEO, HDFC
Budget had something for everyone, and was quite practical. It focused on housing, rural economy & consumption. Housing sector will have indirect benefit from tax relief for people as property developers and home buyers will also benefit from extension of the tax relief timeline.
Non-executive Chairman, HDFC
It is a very practical budget. Capital gain exemption on sale of housing is a big positive and the government's intent to reduce GST on housing shows that the government is serious about the housing sector. The government has taken care of farmers & the middle class in an effective way. It's understandable that there was no change in corporate tax as it was the interim budget; expect some relief on corporate tax in full budget to be announced later this year.
The pre-election budget of Prime Minister Narendra Modi’s government, including handouts for farmers and tax cuts for the lower middle class, is likely to weigh on whoever forms the next administration, economists warned on Friday.
Sitting on 6-7 lakh of unsold units due to poor demand, cash-starved real estate developers heaved a sigh of relief after the government extended the tax waiver on notional rent on such flats for two years from one year earlier.
Pre-election spending has led to fiscal slippage by a modest margin but the sovereign rating profile of India would be evaluated based on the medium-term outlook in the post-election Budget, Fitch Ratings has said.
India's interim budget for the financial year 2019-20 has a strong focus on the rural and agricultural sector and also suggests that economic priorities have taken precedence, according to a leading bank here.
FM Piyush Goyal in an interview with BTVI’s Executive Editor Siddharth Zarabi talks about tax rebate, assured income for small farmers, 3 banks exiting PCA, bad loans, UPA mess, fiscal health & whether any compulsions exist in NDA coalition.
The interim Budget unveiled by Finance Minister Piyush Goyal on Friday will stimulate demand and boost economic growth, with a slew of sops for the middle class, farmers and workers in unorganised sector leading to more disposable income in their hands, India Inc said.
While many were expecting populist budget in the run up to polls, announcements like income support for farmers, pension for informal workers and tax rebates for the middle class managed to generate some euphoria.
Interim finance minister Piyush Goyal on Friday presented the Narendra Modi-led government’s last budget. Increase in income-tax rebate limit to Rs 5 lakh was the highlight of the announcements. Here's the complete Budget speech of the finance minister:
Here is a quick look at all that you need to know about the measures announced in this year's budget, the last one of this government before the Lok Sabha election, by Finance Minister Piyush Goyal.
The Sensex rallied over 500 points in afternoon trade Friday, driven by consumption and auto stocks as investors welcomed individual tax exemptions and sops in the farm sector announced in the interim Budget.
In a major relief to the middle-class, Finance Minister Piyush Goyal Friday proposed to double the threshold for tax exemption in a move that proposal will benefit 3 crore middle-class tax payers.
Interim Finance Minister Piyush Goyal on Friday made key announcements on the economy, income tax, farmer relief packages, among others, while presenting the last Budget of the Modi government ahead of the Lok Sabha elections.
Presenting the Budget for 2019-20 in the Lok Sabha, Goyal said more than 70 per cent of Mudra yojna beneficiaries were women.