Opinion: Budget 2019 is a visionary step in the right direction
Gautam Khattar
Partner, Indirect Tax
PwC India
Finance Minister Piyush Goyal presented the government’s interim budget on Friday. The limited indirect tax proposals are largely focussed to promote Make in India. In line with recent withdrawals on customs duty exemption on various mobile phone parts, the government has further proposed to introduce a revised system of importing select categories of capital goods and inputs duty free for manufacture and export, along with introduction of single point of approval under section 65 of the Customs Act. Indian Customs is introducing full and comprehensive digitalisation of export/import transactions and leveraging RFID technology to improve export logistics.
A farm relief or booster package for the farmers was expected in the Interim Budget 2019, given the focus of the Government on addressing the agrarian crisis. Living up to these expectations and walking a tightrope between financial prudence and populism, the Government announced an income support scheme for poor farmers.
A farm relief or booster package for the farmers was expected in the Interim Budget 2019, given the focus of the Government on addressing the agrarian crisis. Living up to these expectations and walking a tightrope between financial prudence and populism, the Government announced an income support scheme for poor farmers.
Budget 2019: Taxpayers Alert! 5 significant personal tax changes you need to know
Budget 2019: A big boost to farmers, a win for the middle class
Rahul Garg
Senior Partner, Tax and Regulatory Services
PwC India
India Union Budget 2019: The PM-KISAN programme clearly reflects the maturity of governance and the high confidence in the direct transfer/disbursement mechanism to reach the targeted population.
Impact on Agriculture
Ajay Kakra
Leader, Food and Agriculture
PwC India
A farm relief or booster package for the farmers was expected in the Interim Budget 2019, given the focus of the Government on addressing the agrarian crisis. Living up to these expectations and walking a tightrope between financial prudence and populism, the Government announced an income support scheme for poor farmers.
A farm relief or booster package for the farmers was expected in the Interim Budget 2019, given the focus of the Government on addressing the agrarian crisis. Living up to these expectations and walking a tightrope between financial prudence and populism, the Government announced an income support scheme for poor farmers.
A farm relief or booster package for the farmers was expected in the Interim Budget 2019, given the focus of the Government on addressing the agrarian crisis. Living up to these expectations and walking a tightrope between financial prudence and populism, the Government announced an income support scheme for poor farmers.
Focus on farmers, a healthy sign
Ajay Kakra
Leader, Food and Agriculture
PwC India
The interim budget saw a big push for small and marginal farmers who form the backbone of India’s agrarian economy. It saw an allocation of approximately Rs 1.2 lakh crore for the farming sector. The budget also covered allied sectors such as animal husbandry and fisheries.
Realty to catch budget attention
Bhairav Dalal
Partner, Tax and Regulatory Services
PwC India
The highly anticipated changes will be related to joint development agreements, further support to affordable housing, cap on set-off of losses from house property and Real Estate Investment Trusts (REITs).
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