Explanatory memorandum to Notifications No. 02/2019- Central Excise to 06/2019-Central Excise all dated 6th July 2019: – S. No. Notification No. Description 1. Notification No. 02/2019-Central Excise dated 6th July 2019 Seeks to further amend notification No. 11/2017-Central Excise dated 30th June 2017 so as to omit an entry with respect to chapter 24. 2. Notification No. 03/2019- […]
The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman made her maiden Budget Speech today and presented the Union Budget 2019-20 before the Parliament. The key highlights of Union Budget 2019 are as follows:
Explanatory memorandum to Notifications No. 18/2019-Customs to 27/2019-Customs all dated 6th July 2019: – S. No. Notification No. Description 1. Notifications No. 18/2019-Customs dated 6th July 2019 Seeks to increase the effective rate of Road and Infrastructure cess, as additional duty of customs, on petrol and diesel. 2. Notifications No.19/2019-Customs dated 6th July 2019 Seeks to […]
Budget 2019-2020 Speech of Nirmala Sitharaman, Minister of Finance July 5, 2019 Mr. Speaker Sir, I rise to present the Budget for the year 2019-20. PART A 2. The recent election which brought us to this august House today, was charged with brimming hope and desire for a bright and stable New India. Like never […]
Download Union Budget 2019-2020 / Finance Bill 2019 presented by Nirmala Sitharaman, Minister of Finance on July 5, 2019. THE FINANCE (NO.2) BILL, 2019. Download Finance Bill 2019-2020 as presented in Lok Sabha FULL TEXT OF THE THE FINANCE (NO.2) BILL, 2019 IN TEXT FORMAT IS AS FOLLOWS:- BILL No. 55 OF 2019 THE FINANCE […]
Tax rates for individuals having taxable income from Rs. 2 cr – 5 cr and Rs. 5 cr & above to be increased by around 3 % and 7 % respectively The effective tax rates for the higher income group individuals having taxable income from Rs. 2 crore to Rs. 5 crore and Rs. 5 […]
Union Budget envisions India as a global hub for manufacturing electric vehicles Says inclusion of solar storage batteries and charging infrastructure in the fame scheme will Boost production Government has sought lowering of GST on electric vehicles from 12% to 5% Union Budget says government will provide additional income tax deduction of Rs 1.5 Lakh […]
Union Budget proposes measures to deepen Corporate Debt markets Government will work with regulators RBI/SEBI to enable stock exchanges to allow AA rated bonds as collaterals A number of measures to further deepen bond markets have been proposed by the Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, while presenting the Union Budget […]
Union Budget proposes creation of a social stock exchange- under the regulatory ambit of Securities and Exchange Board of India (SEBI) for listing social enterprises and voluntary organizations Government to take up necessary measures for inter-operability of RBI depositories and SEBI depositories Creation of a social stock exchange has been proposed by the Union Minister […]
Public Sector Banks proposed to be provided Rs 70,000 crore capital to boost credit Government will provide one time six months’ partial credit guarantee to Public Sector Banks for first loss of up to 10% Appropriate proposals for strengthening regulatory authority of RBI over NBFCs being placed in Finance Bill Public Sector Banks are to […]
