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Union Budget 2019 Live Updates: Use Aadhar for IT returns; petrol, diesel to cost more

Jul 05, 2019, 14:45 IST | mid-day online desk Check for updates

A mini-stimulus to take the economy out of five-year low alongside giving some tax relief to common man may be on the cards, as Finance Minister Nirmala Sitharaman does a tightrope walk balancing the needs of the economy and fiscal constraints in her maiden Budget today.

  • Jul 05, 2019, 13:17 IST

    Nirmala Sitharaman concludes the Budget 2019 session

  • Jul 05, 2019, 13:13 IST
  • Jul 05, 2019, 13:11 IST

    Import duty on gold and precious metals up by 2.5 per cent: Nirmala Sitharaman

  • Jul 05, 2019, 13:06 IST

    Rs 1 per litre CESS on petrol and diesel: Nirmala Sitharaman

  • Jul 05, 2019, 13:05 IST

    7 per cent more tax for those earning above Rs 5 crore: Nirmala Sitharaman

  • Jul 05, 2019, 13:04 IST

    7 per cent CESS on income above Rs 5 crore, 3 per cent CESS on income above Rs 2 crore: Nirmala Sitharaman

  • Jul 05, 2019, 13:01 IST

    No income tax for income less than Rs 5 lakh per year: Nirmala Sitharaman

  • Jul 05, 2019, 12:59 IST

    3 per cent surcharge on incomes over Rs 2 crore: Nirmala Sitharaman

  • Jul 05, 2019, 12:56 IST

    2 per cent TDS on cash withdrawals greater than 1 crore in a year: Nirmala Sitharaman

  • Jul 05, 2019, 12:55 IST

    If no PAN card, citizens can file taxes using Aadhar card: Nirmala Sitharaman

  • Jul 05, 2019, 12:53 IST

    PAN and Aadhar cards will now be interchangeable: Nirmala Sitharaman

  • Jul 05, 2019, 12:49 IST

    Rs 3.5 lakh total deduction in housing loans: Nirmala Sitharaman

  • Jul 05, 2019, 12:47 IST

    Direct tax revenue has risen by 78 per cent: Nirmala Sitharaman

  • Jul 05, 2019, 12:45 IST

    Rs 1.5 Lakh reduction on loans to purchase e-vehicles: Nirmala Sitharaman

  • Jul 05, 2019, 12:43 IST

    25 per cent tax for corporate firms with an annual turnover of up to Rs 400 crore: Nirmala Sitharaman

  • Jul 05, 2019, 12:39 IST
  • Jul 05, 2019, 12:38 IST

    Taxpaying citizens contributed to India's growth. Nirmala Sitharaman

  • Jul 05, 2019, 12:36 IST

    Finance Minister Nirmala Sitharaman also went on to thank taxpayers

  • Jul 05, 2019, 12:35 IST

    Debt to GDP less than 5 per cent: Nirmala Sitharaman

  • Jul 05, 2019, 12:33 IST

    Rs 1.05 lakh crore disinvestment target. Re-initiate Air India disinvestment: Nirmala Sitharaman

  • Jul 05, 2019, 12:32 IST
  • Jul 05, 2019, 12:28 IST

    Rs 100 lakh crore for infrastructure in next 5 years: Nirmala Sitharaman

  • Jul 05, 2019, 12:27 IST
  • Jul 05, 2019, 12:27 IST

    Rs 70,000 cr capital infusion for public sector banks: Nirmala Sitharaman

  • Jul 05, 2019, 12:24 IST

    Rs 4 lakh recovered through IBC: Nirmala Sitharaman

  • Jul 05, 2019, 12:20 IST

    NPAs have reduced by Rs 1 lakh crore: Nirmala Sitharaman

  • Jul 05, 2019, 12:20 IST

    Sensex status

  • Jul 05, 2019, 12:19 IST

    NRIs won't have to wait for 80 days for Aadhar cards: Nirmala Sitharaman

  • Jul 05, 2019, 12:17 IST

    18 new diplomatic missions opened: Nirmala Sitharaman

  • Jul 05, 2019, 12:15 IST

    Aadhar card to be issued for NRIs: Nirmala Sitharaman

  • Jul 05, 2019, 12:14 IST

    Loan upto Rs 1 lakh for Mudra scheme for women: Nirmal Sitharaman

  • Jul 05, 2019, 12:12 IST

    A record turnout of women voter for Elections 2019: Nirmal Sitharaman

  • Jul 05, 2019, 12:11 IST

    Annual savings of 18,341 crore due to usage of LED bulbs: Nirmala Sitharaman

  • Jul 05, 2019, 12:09 IST

    Rs 3000 per month for the unorganised sector: Nirmala Sitharaman

  • Jul 05, 2019, 12:09 IST

    35 crore LED bulbs distributed under Ujala Yojna

  • Jul 05, 2019, 12:07 IST

    National sports education board to come soon: Nirmala Sitharaman

  • Jul 05, 2019, 12:07 IST

    Start-ups to benefit from 'Stand Up India': Nirmala Sitharaman

  • Jul 05, 2019, 12:05 IST

    Allocate Rs 400 crore for world-class higher education institutes: Nirmala Sitharaman

  • Jul 05, 2019, 12:03 IST

    Filing of returns to be standardised: Nirmala Sitharaman

  • Jul 05, 2019, 12:00 IST

    3 institutions among top 200 globally. We can become a hub of higher education: Nirmala Sitharaman

  • Jul 05, 2019, 11:57 IST

    Rashtriya Swacchatha Kendra to be inaugurated on October 2, 2019: Nirmala Sitharaman

  • Jul 05, 2019, 11:57 IST

    Proposed to set up a national research foundation: Nirmala Sitharaman

  • Jul 05, 2019, 11:54 IST

    95 per cent cities are open defecation-free: Nirmala Sitharaman

  • Jul 05, 2019, 11:52 IST

    Targetting internet availability in every village: Nirmala Sitharaman

  • Jul 05, 2019, 11:51 IST

    Over 2 crore Indian made digitally literate: Nirmala Sitharaman

  • Jul 05, 2019, 11:50 IST

    9.6 crore toilets built in the last 5 years: Nirmala Sitharaman

  • Jul 05, 2019, 11:48 IST

    Piped water for every household by 2024. Access to drinking water is the prime focus: Nirmala Sitharaman on Mission Paani

  • Jul 05, 2019, 11:48 IST
  • Jul 05, 2019, 11:48 IST

    'Har ghar jal' by 2024: Nirmala Sitharaman

  • Jul 05, 2019, 11:46 IST

    Farmers can become rural entrepreneurs: Nirmala Sitharaman

  • Jul 05, 2019, 11:44 IST

    1.25 lakh roads to be upgraded in next 5 years: Nirmala Sitharaman

  • Jul 05, 2019, 11:44 IST

    100 clusters to be added this year alone. Cluster-based development to increase productivity: Nirmala Sitharaman

  • Jul 05, 2019, 11:41 IST

    Investment norms eased for single brand retail: Nirmala Sitharaman

  • Jul 05, 2019, 11:40 IST

    Electricity and cooking gas for all rural houses by 2022: Nirmala Sitharaman

  • Jul 05, 2019, 11:39 IST

    1.95 crore houses to be built in rural India: Nirmala Sitharaman

  • Jul 05, 2019, 11:39 IST

    Electricity and cooking gas for all rural farmers: Nirmala Sitharaman

  • Jul 05, 2019, 11:37 IST

    Gaon, garib and kisan is our big focus: Nirmala Sitharaman

  • Jul 05, 2019, 11:37 IST

    Model tenancy laws to be shared: Nirmala Sitharaman

  • Jul 05, 2019, 11:36 IST

    ISRO will spearhead commercialisation of space products: Nirmala Sitharaman

  • Jul 05, 2019, 11:35 IST

    100 per cent FDI in insurance intermediaries: Nirmala Sitharaman

  • Jul 05, 2019, 11:34 IST

    Steps to increase FDI inflow into the country: FM

  • Jul 05, 2019, 11:32 IST
  • Jul 05, 2019, 11:32 IST
  • Jul 05, 2019, 11:31 IST

    Will examine opening up FDI in aviation and media: FM

  • Jul 05, 2019, 11:30 IST

    To rationalise KYC norms for FPIs: Sitharaman

  • Jul 05, 2019, 11:30 IST

    To set up stock exchange for social enterprises: FM

  • Jul 05, 2019, 11:29 IST

    FIIs can invest in debt security issued by NBFCs: FM

  • Jul 05, 2019, 11:27 IST

    Extension of pension benefit for traders: FM

  • Jul 05, 2019, 11:26 IST

    Rs 300 crore GST interest subvention for MSMEs: FM

  • Jul 05, 2019, 11:25 IST

    Affordable housing to be taken up in 2019: Sitharaman

  • Jul 05, 2019, 11:25 IST

    Pension benefit for retail traders: FM

  • Jul 05, 2019, 11:25 IST

    Model tenancy law to be finalised: FM

  • Jul 05, 2019, 11:23 IST

    Reform of rental laws in cards: N Sitharaman

  • Jul 05, 2019, 11:21 IST

    Rs 50 lakh crore investment in Railways until 2030: N Sitharaman

  • Jul 05, 2019, 11:19 IST

    Cargo transport in river Ganga to increase 4 times: N Sitharaman

  • Jul 05, 2019, 11:17 IST

    E-vehicles to be incentivised: N Sitharaman

  • Jul 05, 2019, 11:16 IST

    Finance Minister Nirmala Sitharaman Friday became only the second women in the history of independent India to present the Union Budget. Sitharaman, 59, presented the Modi 2.0 government's maiden budget in the Lok Sabha. Prior to the presentation, the Union Cabinet headed by Prime Minister Narendra Modi approved the Budget for 2019-20.

  • Jul 05, 2019, 11:15 IST

    657 km of metro rail network operational now: Sitharaman

  • Jul 05, 2019, 11:15 IST

    New metro rail projects for 300 km approved: Sitharaman

  • Jul 05, 2019, 11:14 IST

    India will enter into aircraft financing: Sitharaman

  • Jul 05, 2019, 11:13 IST

    Udaan scheme to improve air travel: Sitharaman

  • Jul 05, 2019, 11:12 IST

    Connectivity is lifeblood of our economy: N Sitharaman

  • Jul 05, 2019, 11:10 IST

    In 5 years, added USD 1 trillion to economy: Sitharaman

  • Jul 05, 2019, 11:10 IST

    3rd largest economy next to china in purchasing power parity; economy will grow to USD 3 trillion economy this year: Sitharaman

  • Jul 05, 2019, 11:07 IST

    5 trillion economy in the next 5 years, says Sitharaman

  • Jul 05, 2019, 11:07 IST

    Focus on digital India reaching every sector: Sitharaman

  • Jul 05, 2019, 11:06 IST

    Objective is Mazboot Nagrik for Mazboot Desh: Sitharaman

  • Jul 05, 2019, 11:04 IST

    Voters gave their approval to a performing government. They've reaffirmed putting the nation first: Nirmala Sitharaman

  • Jul 05, 2019, 11:04 IST

    People of India have validated the goals of national security and economic growth: Nirmala Sitharaman

  • Jul 05, 2019, 11:00 IST

    Rupee slips 20 paise to 68.70 vs USD in early trade ahead of Budget

    The rupee opened on a weak note and declined by 20 paise to 68.70 against the US dollar in opening trade Friday, ahead of the presentation of the Union Budget. Forex traders said rupee slipped marginally against the US dollar as market participants awaited cues from the Union Budget to be presented in the Parliament Friday. The rupee opened weak at 68.55 at the interbank forex market and then fell further to 68.70, down 20 paise over its last close.

  • Jul 05, 2019, 11:00 IST

    The Union Cabinet has given the approval for the Budget 2019. Finance Minister Nirmala Sitharaman is now set to present her maiden Budget.

  • Jul 05, 2019, 10:57 IST

    Oil prices projected to decline in 2019-20

  • Jul 05, 2019, 10:53 IST

    Budget 2019: 10 key points to focus on

    Sitharaman will give a glimpse of the five-year roadmap of Prime Minister Narendra Modi's government which was voted back to power with a huge majority in Lok Sabha elections 2019. She is likely to fulfil many of the promises which have been made by the Prime Minister during his toiling poll campaign culminating in the historic mandate. here are some important points to focus on

  • Jul 05, 2019, 10:34 IST

    Budget 2019 copies arrive at Parliament

  • Jul 05, 2019, 10:25 IST

    Sensex reclaims 40,000 mark ahead of Budget 2019

    Domestic equity benchmark BSE Sensex Friday reclaimed the 40,000 mark and the NSE Nifty inched closer to 12,000 level ahead of the Union Budget presentation. The 30-share index was trading 114.67 points, or 0.29 per cent, higher at 40,022.73 at 0930 hours. Similarly, the broader Nifty was quoting 31.85 points, or 0.27 per cent, up at 11,978.60.

  • Jul 05, 2019, 10:21 IST

    Nirmala Sitharaman arrives for the Budget 2019

  • Jul 05, 2019, 10:18 IST

    For Sitharaman, the biggest constraining factor is lower-than-expected growth in tax revenues, particularly those of the goods and services tax (GST), something she may look to bridge through aggressive stake sale in PSUs, higher dividend from the RBI, rollover of some FY20 expenditure to FY21, cut back in plan expenditure and increase in off-balance sheet expenditure with portion of subsidies being transferred to state-owned enterprise balance sheet.

  • Jul 05, 2019, 09:57 IST

    The sluggishness in the economy has led to expectations of the budget containing further stimulus measures to boost the growth through new policy initiatives and continued reforms to achieve accelerated growth and increase in employment.

  • Jul 05, 2019, 09:45 IST

    India needs to sustain a Gross Domestic Product (GDP) growth rate of 8 per cent to become a five trillion dollar economy by 2025, stated the Economic Survey on Thursday. Such growth can only be sustained by various cycle of investment, savings and exports, it said. Tabling the survey document in the Rajya Sabha, Nirmala Sitharaman, Finance Minister stated global crude oil prices are expected to decline in the current financial year 2019-20.

  • Jul 05, 2019, 09:28 IST

    It will be Sitharaman's first post-Budget meeting with the RBI's central board of directors. She took over as India's first full-time woman finance minister on May 31 after the BJP-led National Democratic Alliance won the second term in general elections.

    Nirmala Sitharaman

    Nirmala Sitharaman

  • Jul 05, 2019, 09:27 IST

    Also, there is expected to be a big push for infrastructure spending including on roads and railways to drive growth which had slowed to a five-year low of 5.8 per cent in the first three months of 2019 -- well below China's 6.4 per cent. The slowdown is also reflected in high-frequency numbers such as IIP and automobile sales numbers.

  • Jul 05, 2019, 08:48 IST

    Some believe she may give relief to the common man by raising personal income tax threshold for certain categories while at the same time, upping spending on agriculture, healthcare and social sectors.

  • Jul 05, 2019, 08:44 IST

    The Budget to be presented on Friday is expected to boost spending at the cost of short-term slippage in fiscal deficit targets as she lays down the Modi 2.0 government's road map for the economy and the nation in the next five years.

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