• Indian Indices
  • Global Indices
  • Commodities
  • Currency
  • Sensex
  • Nifty
{{x.close_price| number:2}} {{x.netchg| number:2}} ({{x.perchg | number:2}}%)
Open - {{x.open | number:2}}
Prev Close - {{x.prevclose|number:2}}
Today's High - {{x.high|number:2}}
Today's Low - {{x.low|number:2}}
Advances/Declines (30 Companies)
  • 1D
  • 1W
  • 1M
  • 1Yr
  • 5Yr
FTSE 100
  • FTSE 100
  • DJIA
  • NIKKEI 225
{{x.close| number:2}} {{x.Chg | number:2}} ({{x.PChg | number:2}}%)
Open - {{x.close | number:2}}
Prev Close - {{x.PrevClose|number:2}}
  • Gold
  • Silver
  • Crude Oil
  • Copper
{{x.Trd_Date}} ( {{x.Time}} )
{{x.ClosePrice| number:2}} {{x.change| number:2}} ({{x.perchange | number:2}}%)
Exchange - MCX
Open - {{x.Open|number:2}}
Exp Date - {{x.Exp_Date}}
Today's High - {{x.High|number:2}}
Prev. Close - {{x.PrevClose|number:2}}
Today's Low - {{x.Low|number:2}}
{{x.Lasttrdtime}} ( {{x.Time}} )
{{x.ltp| number:2}} {{x.PriceDiff| number:2}} ({{x.PerChange | number:2}}%)
Exchange - NSE
Open - {{x.Open|number:2}}
Exp Date - {{x.Expirydate}}
Today's High - {{x.High|number:2}}
Prev. Close - {{x.PrevPrice|number:2}}
Today's Low - {{x.Low|number:2}}
As On 05-Mar-2021 12:36 PM
-151.38 (-0.30%)
-54.75 (-0.36%)
    No Companies Visited

Back to news list
  • Union Budget 2019-20: Fiscal deficit lower than earlier target at 3.3% for 2019-20

    Govt aims to grow economy to US$ 5 trillion in next few years, intends to invest Rs 100 lakh crore in investment over next five years

    India's first full time woman finance minister Nirmala Sitharaman presented her as well as re-elected NDA government's first Union Budget for 2019-20 with a balanced approach. The finance minister has tried to address challenges such as growth, investment and financial market stress. On growth front, the government intends to invest Rs 100 lakh crore in infrastructure in next 5 and aims to raise domestic economic to US$ 5 trillion level in next few years. The budget has surprised with fiscal deficit at 3.3% for 2019-20 lower than earlier targeted level of 3.4%.

    The government has announced Har Ghar Jal to all rural households by 2024 under Jal Jeevan Mission, "Housing for All" by 2022 under Pradhan Mantri Awas Yojana-(Gramin), upgradation of 1.25 lakh kms of rural road under PMGSY-III in 5 years with an outlay of more than Rs 80000 crore with all weather connectivity provided to over 97% of such habitations, common facility centres under SFURTI for Bamboo, Honey and Khadi clusters, setting up of 80 Livelihood Business Incubators and 20 Technology Business incubators in 2019-20 to develop 75,000 skilled entrepreneurs in agro-rural industry sectors are some of the important New Deals for the Rural and Agricultural sectors of the Economy.

    The budget has enhanced target of over Rs 1.05 lakh crore of disinvestment in 2019-20, proposal to provide Rs 70000 crore to PSBs to boost credit, doubling of food security budget in last 5 years, faster adoption of Electric vehicles with an outlay of Rs 10000 crore, opening of 18 new Indian diplomatic missions in Africa, development of 17 iconic Tourism Sites into world class tourist destinations and issuance of new series of coins of 1, 2, 5, 10 & 20 rupees are some of the key highlights of the Union Budget 2019-20.

    The Finance Minister said that mega programmes and services initiated and delivered during the last 5 years will now be further accelerated and sincere efforts will be made to further simplify procedures, incentivize performance, reduce red-tape and make the best use of technology to achieve the desired goals.

    India is now the sixth largest in the world, while it was at eleventh position in 2014. In Purchasing Power Parity terms, India is in fact, the 3rd largest economy already, only next to China and the USA. She said that to attain this and more the country needs to continue undertaking many structural reforms like the many big reforms in particular in the last 5 years in indirect taxation, bankruptcy and real estate. Even the common man's life was being changed through MUDRA loans to help him do his business, and through several programmes it was being ensured that his/her kitchen had become smokeless, his/her house got electricity connection and women's dignity was respected with the provision of toilets in homes.

    The finance minister said that gone are the days of policy paralysis and license-quota-control regimes. India Inc are India's job-creators and they are the nation's wealth-creators. The finance minister proposed a number of initiatives as part of a framework for kick-starting the virtuous cycle of domestic and foreign investments".

    Referring to connectivity as the lifeblood of an economy, the Finance Minister said that the Government has given a massive push to all forms of physical connectivity through Pradhan Mantri Gram Sadak Yojana, industrial corridors, dedicated freight corridors, Bhartamala and Sagarmala projects, Jal Marg Vikas and UDAN Schemes. While the industrial corridors would improve infrastructure availability for greater industrial investment in the catchment regions, the dedicated freight corridors would mitigate the congestion of our railway network benefitting the common man. The ambitious programme of Bharatmala would help develop national road corridors and highways, while Sagarmala would enhance port connectivity, modernization and port-linked industrialization. If Sagarmala is aimed at improving the infrastructure for external trade, equally it is the poor man's transport too. Waterways are proven as a cheap mode of transport. The Jal Marg Vikas project for capacity augmentation of navigation on National Waterways is aimed at smoothening internal trade carried through inland water transport. These initiatives will improve logistics tremendously, reducing the cost of transportation and increasing the competitiveness of domestically produced goods.

    The Finance Minister said that as the world's third largest domestic aviation market, the time is ripe for India to enter into aircraft financing and leasing activities from Indian shores. She said, for providing an enabling ecosystem for growth in India of Maintenance, Repair and Overhaul (MRO) industry, it is proposed to leverage India's engineering advantage and potential to achieve self-reliance in this vital aviation segment. She added that the government will adopt suitable policy interventions to create a congenial atmosphere for the development of MRO in the country.

    The Finance Minister informed that Phase-II of FAME Scheme 2019, following approval of the Cabinet with an outlay of Rs 10,000 crore for a period of 3 years, has commenced from 1st April, 2019. The main objective of the Scheme is to encourage faster adoption of Electric vehicles by way of offering upfront incentive on purchase of Electric vehicles and also by establishing the necessary charging infrastructure for electric vehicles.

    Dwelling on the Railways, the finance minister said that it is estimated that Railway Infrastructure would need an investment of Rs 50 lakh crore between 2018-2030. Given that the capital expenditure outlays of Railways are around 1.5 to 1.6 lakh crore per annum, completing even all sanctioned projects would take decades. It is therefore proposed to use Public-Private Partnership to unleash faster development and completion of tracks, rolling stock manufacturer and delivery of passenger freight services. She said that to take connectivity infrastructure to the next level, government will build on the successful model in ensuring power connectivity – One Nation, One Grid – that has ensured power availability to states at affordable rates and she proposed to make available a blueprint this year for developing gas grids, water grids, i-ways, and regional airports.

    Referring to welfare measures, the Finance Minister said that the Government of India has decided to extend the pension benefit to about three crore retail traders & small shopkeepers whose annual turnover is less than Rs 1.5 crore under a new Scheme namely Pradhan Mantri Laghu Vyapari Mann-Dhan Yojana (PMLVMY). Enrolment into the Scheme will be kept simple requiring only Aadhaar and a bank account and rest will be on self-declaration.

    Recognizing that investment-driven growth requires access to low cost capital, the Finance Minister said, India requires investments averaging Rs 20 lakh crore every year (USD 300 billion a year) and therefore a number of measures are proposed to enhance the sources of capital for infrastructure financing including a Credit Guarantee Enhancement Corporation for which regulations have been notified by the RBI, will be set up in 2019-20. An action plan to deepen the market for long term bonds including for deepening markets for corporate bond repos, credit default swaps etc., with specific focus on infrastructure sector, will be put in place. It is proposed to permit investments made by FIIs/FPIs in debt securities issued by IDF-NBFCs to be transferred/sold to any domestic investor within the specified lock-in period.

    On the subject of Foreign Direct Investment, Smt. Sitharaman said that FDI inflows into India have remained robust despite global headwinds. India's FDI inflows in 2018-19 remained strong at US$ 64.375 billion marking a 6% growth over the previous year. She added that the Government will examine suggestions of further opening up of FDI in aviation, media (animation, AVGC) and insurance sectors in consultation with all stakeholders and suggested measures including 100% Foreign Direct Investment (FDI) will be permitted for insurance intermediaries, local sourcing norms will be eased for FDI in Single Brand Retail sector, FPIs will be permitted to subscribe to listed debt securities issued by ReITs and InvITs etc.

    On a similar issue, the Finance Minister informed that even though India is the world's top remittance recipient, NRI investment in Indian capital markets is comparatively less. With a view to provide NRIs with seamless access to Indian equities, she proposed to merge the NRI-Portfolio Investment Scheme Route with the Foreign Portfolio Investment Route.

    Dwelling on the rural issues and Rural India, the Finance Minister said that Prime Minister Narendra Modi's two mega initiatives of Ujjwala Yojana and Saubhagya Yojana- have transformed the lives of every rural family, dramatically improving ease of their living. Household access to clean cooking gas has seen an unprecedented expansion, through provision of more than 7 crore LPG connections. All villages, and almost 100% households across the country have been provided with electricity. She informed that by 2022, the 75th year of India's independence, every single rural family, except those who are unwilling to take the connection will have an electricity and a clean cooking facility. Similarly, under Pradhan Mantri Awas Yojana - Gramin (PMAY-G) a total of 1.54 crore rural homes have been completed in the last five years. In the second phase of PMAY-G, during 2019-20 to 2021-22, 1.95 crore houses are proposed to be provided to the eligible beneficiaries. These houses are also being provided with amenities like toilets, electricity and LPG connections. With the use of technology, the DBT platform and technology inputs, average number of days for completion of houses has reduced from 314 days in 2015-16 to 114 days in 2017-18.

    The Finance Minister said that Pradhan Mantri Gram Sadak Yojana (PMGSY) has brought many socio economic gains in the rural areas and its target for completion was advanced from 2022 to 2019, as all weather connectivity has now been provided to over 97% of such habitations. This has been possible by maintaining a high pace of road construction of 130 to 135 km per day in the last 1,000 days. She underlined that the PMGSY-III is envisaged to upgrade 1.25 lakh kms of road length over the next five years, with an estimated cost of Rs 80250 crore.

    The finance minister said that the ‘Scheme of Fund for Upgradation and Regeneration of Traditional Industries' (SFURTI) aims to set up more Common Facility Centres (CFCs) to facilitate cluster based development to make the traditional industries more productive, profitable and capable for generating sustained employment opportunities. The focused sectors are Bamboo, Honey and Khadi clusters. The SFURTI envisions setting up 100 new clusters during 2019-20 which should enable 50,000 artisans to join the economic value chain. Further, to improve the technology of such industries, the Scheme for Promotion of Innovation, Rural Industry and Entrepreneurship (ASPIRE) has been consolidated for setting up of Livelihood Business Incubators (LBIs) and Technology Business Incubators (TBIs). The Scheme contemplates to set up 80 Livelihood Business Incubators (LBIs) and 20 Technology Business Incubators (TBIs) in 2019-20 to develop 75,000 skilled entrepreneurs in agro-rural industry sectors. Government also hopes to form 10,000 new Farmer Producer Organizations, to ensure economies of scale for farmers.

    To provide benefits to fishermen communities through a focused Scheme – the Pradhan Mantri Matsya Sampada Yojana (PMMSY) – the Department of Fisheries will establish a robust fisheries management framework. They will address critical gaps in strengthening the value chain, including infrastructure, modernization, traceability, production, productivity, post-harvest management, and quality control.

    Finance Minister said that ensuring India's water security and providing access to safe and adequate drinking water to all Indians is a priority of the Government. A major step in this direction has been the constitution of the Jal Shakti Mantralaya, integrating the Ministry of Water Resources, River Development and Ganga Rejuvenation and Ministry of Drinking Water and Sanitation. This new Mantralaya will look at the management of our water resources and water supply in an integrated and holistic manner, and will work with States to ensure HarGharJal (piped water supply) to all rural households by 2024 under the Jal Jeevan Mission. The Government has identified 1592 Blocks which are critical and over exploited, spread across 256 District for the Jal Shakti Abhiyan. Besides using funds available under various Schemes, the Government will also explore possibility of using additional funds available under the Compensatory Afforestation Fund Management and Planning Authority (CAMPA) for this purpose.

    Under the Pradhan Mantri Gramin Digital Saksharta Abhiyan, over two crore rural Indians have so far been made digitally literate. To bridge rural-urban digital divide, Bharat-Net is targeting internet connectivity in local bodies in every Panchayat in the country. This will be speeded up with assistance from Universal Obligation Fund and under a Public Private Partnership arrangement.

    Under Pradhan Mantri Awas Yojana - Urban (PMAY-Urban), over 81 lakh houses with an investment of about Rs 4.83 lakh crore have been sanctioned of which construction has started in about 47 lakh houses. Over 26 lakh houses have been completed of which nearly 24 lakh houses have been delivered to the beneficiaries. There is large scale adoption of new technologies for construction of these houses. Over 13 lakh houses have so far been constructed using these new technologies.

    The Finance Minister said that the Government will bring in a New National Education Policy to transform India's higher education system to one of the global best education systems. The new Policy proposes major changes in both school and higher education among others, better Governance systems and brings greater focus on research and innovation. It also proposed to establish a National Research Foundation (NRF) to fund, coordinate and promote research in the country. She said that these initiatives have up-graded the quality of education. There was not a single Indian institution in the top 200 in the world university rankings five years back. Due to concerted efforts by our institutions to boost their standards and also project their credentials better, we have three institutions now – two IITs and IISc Bangalore – in the top 200 bracket.

    The Government has supported and encouraged women entrepreneurship through various schemes such as MUDRA, Stand UP India and the Self Help Group (SHG) movement. In order to further encourage women enterprise, she proposed to expand the Women SHG interest subvention programme to all districts. Furthermore, for every verified women SHG member having a Jan Dhan Bank Account, an overdraft of Rs 5,000 shall be allowed. One woman in every SHG will also be made eligible for a loan up to Rs 1 lakh under the MUDRA Scheme.

    On tourism front, the Finance Minister said that the Government is developing 17 iconic Tourism Sites into world class tourist destinations and to serve as a model for other tourism sites. The Iconic Tourism Sites would enhance visitor experience which would lead to increase visits of both domestic and international tourists at these destinations. She also informed that with the objective of preserving rich tribal cultural heritage, a digital repository is developed where documents, folk songs, photos & videos regarding their evolution, place of origin, lifestyle, architecture, education level, traditional art, folk dances and other anthropological details of the tribes in India are stored. The repository will further be enriched and strengthened.

    The Finance Minister flagged the ten points of Government's Vision, 1 Building physical and social infrastructure, 2 Digital India reaching every sector of the economy, 3 Pollution free India with green Mother Earth and Blue Skies, 4 Make in India with particular emphasis on MSMEs, Start-ups, defence manufacturing, automobiles, electronics, fabs and batteries, and medical devices, 5 Water, water management, clean Rivers, 6 Blue Economy, 7 Space programmes. Gaganyan, Chandrayan and Satellite programmes, 8 Self-sufficiency and export of food-grains, pulses, oilseeds, fruits and vegetables, 9 Healthy society - Ayushman Bharat, well-nourished women & children, Safety of citizens and 10 Team India with Jan Bhagidari - Minimum Government Maximum Governance.

    Direct Taxes

    • Corporate tax rate reduced to 25% for companies with annual turnover up to Rs 400 crore
    • Surcharge increased on individuals having taxable income from Rs 2 crore to Rs 5 crore and Rs 5 crore and above.
    • India's Ease of Doing Business ranking under the category of ‘paying taxes' jumped from 172 in 2017 to 121 in the 2019.
    • Direct tax revenue increased by over 78% in past 5 years to Rs 11.37 lakh crore

    Tax Simplification and Ease of living - making compliance easier by leveraging technology:

    • Interchangeability of PAN and Aadhaar: Those who don't have PAN can file tax returns using Aadhaar. Aadhaar can be used wherever PAN is required.
    • Pre-filling of Income-tax Returns for faster, more accurate tax returns. Pre-filled tax returns with details of several incomes and deductions to be made available. Information to be collected from Banks, Stock exchanges, mutual funds etc.
    • Faceless e-assessment: Faceless e-assessment with no human interface to be launched. To be carried out initially in cases requiring verification of certain specified transactions or discrepancies.

    Affordable housing

    • Additional deduction up to Rs 1.5 lakhs for interest paid on loans borrowed up to 31st March, 2020 for purchase of house valued up to Rs 45 lakh. Overall benefit of around Rs 7 lakh over loan period of 15 years.

    Boost to Electric Vehicles

    • Additional income tax deduction of Rs 1.5 lakh on interest paid on electric vehicle loans.
    • Customs duty exempted on certain parts of electric vehicles.

    Other Direct Tax measures

    • Simplification of tax laws to reduce genuine hardships of taxpayers: Higher tax threshold for launching prosecution for non-filing of returns. Appropriate class of persons exempted from the anti-abuse provisions of Section 50CA and Section 56 of the Income Tax Act.

    Relief for Start-ups

    • Capital gains exemptions from sale of residential house for investment in start-ups extended till FY21.
    • ‘Angel tax' issue resolved- start-ups and investors filing requisite declarations and providing information in their returns not to be subjected to any kind of scrutiny in respect of valuations of share premiums.
    • Funds raised by start-ups to not require scrutiny from Income Tax Department
      • E-verification mechanism for establishing identity of the investor and source of funds.
    • Special administrative arrangements for pending assessments and grievance redressal
      • No inquiry in such cases by the Assessing Officer without obtaining approval of the supervisory officer.
    • No scrutiny of valuation of shares issued to Category-II Alternative Investment Funds.
    • Relaxation of conditions for carry forward and set off of losses.


    • Interest on certain bad or doubtful debts by deposit taking as well as systemically important non-deposit taking NBFCs to be taxed in the year in which interest is actually received.

    International Financial Services Centre (IFSC)

    • Direct tax incentives proposed for an IFSC:
      • 100 % profit-linked deduction in any ten-year block within a fifteen-year period.
      • Exemption from dividend distribution tax from current and accumulated income to companies and mutual funds.
      • Exemptions on capital gain to Category-III Alternative Investment Funds (AIFs).
      • Exemption to interest payment on loan taken from non-residents.

    Securities Transaction Tax (STT)

    • STT restricted only to the difference between settlement and strike price in case of exercise of options.

    Indirect Taxes

    Make In India

    • Basic Customs Duty increased on cashew kernels, PVC, tiles, auto parts, marble slabs, optical fibre cable, CCTV camera etc.
    • Exemptions from Custom Duty on certain electronic items now manufactured in India withdrawn.
    • End use based exemptions on palm stearin, fatty oils withdrawn.
    • Exemptions to various kinds of papers withdrawn.
    • 5% Basic Custom Duty imposed on imported books.
    • Customs duty reduced on certain raw materials such as: Inputs for artificial kidney and disposable sterilized dialyser and fuels for nuclear power plants etc. Capital goods required for manufacture of specified electronic goods.


    • Defence equipment not manufactured in India exempted from basic customs duty

    Other Indirect Tax provisions

    • Export duty rationalised on raw and semi-finished leather
    • Increase in Special Additional Excise Duty and Road and Infrastructure Cess each by Rs 1 per litre on petrol and diesel
    • Custom duty on gold and other precious metals increased
    • Legacy Dispute Resolution Scheme for quick closure of pending litigations in Central Excise and Service tax from pre-GST regime

    Grameen Bharat / Rural India

    • Ujjwala Yojana and Saubhagya Yojana have transformed the lives of every rural family, dramatically improving ease of their living.
    • Electricity and clean cooking facility to all willing rural families by 2022.
    • Pradhan Mantri Awas Yojana – Gramin (PMAY-G) aims to achieve "Housing for All" by 2022:
      • Eligible beneficiaries to be provided 1.95 crore houses with amenities like toilets, electricity and LPG connections during its second phase (2019-20 to 2021-22).
    • Pradhan Mantri Matsya Sampada Yojana (PMMSY)
      • A robust fisheries management framework through PMMSY to be established by the Department of Fisheries.
      • To address critical gaps in the value chain including infrastructure, modernization, traceability, production, productivity, post-harvest management, and quality control.
    • Pradhan Mantri Gram Sadak Yojana (PMGSY)
      • Target of connecting the eligible and feasible habitations advanced from 2022 to 2019 with 97% of such habitations already being provided with all weather connectivity.
      • 30,000 kilometers of PMGSY roads have been built using Green Technology, Waste Plastic and Cold Mix Technology, thereby reducing carbon footprint.
      • 1,25,000 kilometers of road length to be upgraded over the next five years under PMGSY III with an estimated cost of Rs 80250 crore.
    • Scheme of Fund for Upgradation and Regeneration of Traditional Industries' (SFURTI)
      • Common Facility Centres (CFCs) to be setup to facilitate cluster based development for making traditional industries more productive, profitable and capable for generating sustained employment opportunities.
      • 100 new clusters to be setup during 2019-20 with special focus on Bamboo, Honey and Khadi, enabling 50,000 artisans to join the economic value chain.
    • Scheme for Promotion of Innovation, Rural Industry and Entrepreneurship' (ASPIRE) consolidated.
      • 80 Livelihood Business Incubators (LBIs) and 20 Technology Business Incubators (TBIs) to be setup in 2019-20.
      • 75,000 entrepreneurs to be skilled in agro-rural industry sectors.
    • Private entrepreneurships to be supported in driving value-addition to farmers' produce from the field and for those from allied activities.
    • Dairying through cooperatives to be encouraged by creating infrastructure for cattle feed manufacturing, milk procurement, processing & marketing.
    • 10,000 new Farmer Producer Organizations to be formed, to ensure economies of scale for farmers.
    • Government to work with State Governments to allow farmers to benefit from e-NAM.
    • Zero Budget Farming in which few states' farmers are already being trained to be replicated in other states.
    • India's water security
      • New Jal Shakti Mantralaya to look at the management of our water resources and water supply in an integrated and holistic manner
      • Jal Jeevan Mission to achieve Har Ghar Jal (piped water supply) to all rural households by 2024
      • To focus on integrated demand and supply side management of water at the local level.
      • Convergence with other Central and State Government Schemes to achieve its objectives.
      • 1592 critical and over exploited Blocks spread across 256 District being identified for the Jal Shakti Abhiyan.
      • Compensatory Afforestation Fund Management and Planning Authority (CAMPA) fund can be used for this purpose.
    • Swachh Bharat Abhiyan
      • 9.6 crore toilets constructed since Oct 2, 2014.
      • More than 5.6 lakh villages have become Open Defecation Free (ODF).
      • Swachh Bharat Mission to be expanded to undertake sustainable solid waste management in every village.
    • Pradhan Mantri Gramin Digital Saksharta Abhiyan,
      • Over two crore rural Indians made digitally literate.
      • Internet connectivity in local bodies in every Panchayat under Bharat-Net to bridge rural-urban divide.
      • Universal Obligation Fund under a PPP arrangement to be utilized for speeding up Bharat-Net.

    Shahree Bharat/Urban India

    • Pradhan Mantri Awas Yojana – Urban (PMAY-Urban)-
      • Over 81 lakh houses with an investment of about Rs 4.83 lakh crore sanctioned of which construction started in about 47 lakh houses.
      • Over 26 lakh houses completed of which nearly 24 lakh houses delivered to the beneficiaries.
      • Over 13 lakh houses so far constructed using new technologies.
    • More than 95% of cities also declared Open Defecation Free (ODF).
    • Almost 1 crore citizens have downloaded Swachhata App.
    • Target of achieving Gandhiji's resolve of Swachh Bharat to make India ODF by 2nd October 2019.
      • To mark this occasion, the Rashtriya Swachhta Kendra to be inaugurated at Gandhi Darshan, Rajghat on 2nd October, 2019.
      • Gandhipedia being developed by National Council for Science Museums to sensitize youth and society about positive Gandhian values.
    • Railways to be encouraged to invest more in suburban railways through SPV structures like Rapid Regional Transport System (RRTS) proposed on the Delhi-Meerut route.
    • Proposal to enhance the metro-railway initiatives by:
      • Encouraging more PPP initiatives.
      • Ensuring completion of sanctioned works.
      • Supporting transit oriented development (TOD) to ensure commercial activity around transit hubs.


    • New National Education Policy to be brought which proposes
      • Major changes in both school and higher education
      • Better Governance systems
      • Greater focus on research and innovation.
    • National Research Foundation (NRF) proposed
      • To fund, coordinate and promote research in the country.
      • To assimilate independent research grants given by various Ministries.
      • To strengthen overall research eco-system in the country  
      • This would be adequately supplemented with additional funds.
    • Rs 400 crore provided for "World Class Institutions", for FY 2019-20, more than three times the revised estimates for the previous year.
    • ‘Study in India' proposed to bring foreign students to study in Indian higher educational institutions.
    • Regulatory systems of higher education to be reformed comprehensively:
      • To promote greater autonomy.
      • To focus on better academic outcomes.
    • Draft legislation to set up Higher Education Commission of India (HECI), to be presented.
    • Khelo India Scheme to be expanded with all necessary financial support.
    • National Sports Education Board for development of sportspersons to be set up under Khelo India, to popularize sports at all levels
    • To prepare youth for overseas jobs, focus to be increased on globally valued skill-sets including language training, AI, IoT, Big Data, 3D Printing, Virtual Reality and Robotics.
    • Set of four labour codes proposed, to streamline multiple labour laws to standardize and streamline registration and filing of returns.
    • A television program proposed exclusively for and by start-ups, within the DD bouquet of channels.
    • Stand-Up India Scheme to be continued for the period of 2020-25. The Banks to provide financial assistance for demand based businesses.

    Ease of Living

    • About 30 lakh workers joined the Pradhan Mantri Shram Yogi Maandhan Scheme that provides Rs 3,000 per month as pension on attaining the age of 60 to workers in unorganized and informal sectors.
    • Approximately 35 crore LED bulbs distributed under UJALA Yojana leading to cost saving of Rs 18,341 crore annually.
    • Solar stoves and battery chargers to be promoted using the approach of LED bulbs mission.
    • A massive program of railway station modernization to be launched.

    Naari Tu Narayani/Women

    • Approach shift from women-centric-policy making to women-led initiatives and movements.
    • A Committee proposed with Government and private stakeholders for moving forward on Gender budgeting.
    • SHG:
      • Women SHG interest subvention program proposed to be expanded to all districts.
      • Overdraft of Rs 5000 to be allowed for every verified women SHG member having a Jan Dhan Bank Account.
      • One woman per SHG to be eligible for a loan up to Rs 1 lakh under MUDRA Scheme.

    India's Soft Power

    • Proposal to consider issuing Aadhaar Card for NRIs with Indian Passports on their arrival without waiting for 180 days.
    • Mission to integrate traditional artisans with global markets proposed, with necessary patents and geographical indicators.
    • 18 new Indian diplomatic Missions in Africa approved in March, 2018, out of which 5 already opened. Another 4 new Embassies intended in 2019-20.
    • Revamp of Indian Development Assistance Scheme (IDEAS) proposed.
    • 17 iconic Tourism Sites being developed into model world class tourist destinations.
    • Present digital repository aimed at preserving rich tribal cultural heritage, to be strengthened.

    Banking and Financial Sector

    • NPAs of commercial banks reduced by over Rs 1 lakh crore over the last year.
    • Record recovery of over Rs 4 lakh crore effected over the last four years.
    • Provision coverage ratio at its highest in seven years.
    • Domestic credit growth increased to 13.8%.

    Measures related to PSBs:

      • Rs 70,000 crore proposed to be provided to PSBs to boost credit.
      • PSBs to leverage technology, offering online personal loans and doorstep banking, and enabling customers of one PSBs to access services across all PSBs.
      • Steps to be initiated to empower accountholders to have control over deposit of cash by others in their accounts.
      • Reforms to be undertaken to strengthen governance in PSBs.

    Measures related to NBFCs:

      • Proposals for strengthening the regulatory authority of RBI over NBFCs to be placed in the Finance Bill.
      • Requirement of creating a Debenture Redemption Reserve will be done away with to allow NBFCs to raise funds in public issues.
      • Steps to allow all NBFCs to directly participate on the TReDS platform.
    • Return of regulatory authority from NHB to RBI proposed, over the housing finance sector.
    • Rs 100 lakh crore investment in infrastructure intended over the next five years. Committee proposed to recommend the structure and required flow of funds through development finance institutions.
    • Steps to be taken to separate the NPS Trust from PFRDA.
    • Reduction in Net Owned Fund requirement from Rs 5000 crore to Rs 1000 crore  proposed:
      • To facilitate on-shoring of international insurance transactions.
      • To enable opening of branches by foreign reinsurers in the International Financial Services Centre.

    Measures related to CPSEs:

      • Target of Rs 1,05,000 crore of disinvestment receipts set for the FY 2019-20.
      • Government to reinitiate the process of strategic disinvestment of Air India, and to offer more CPSEs for strategic participation by the private sector.
      • Government to undertake strategic sale of PSUs and continue to consolidate PSUs in the non-financial space.
      • Government to consider going to an appropriate level below 51% in PSUs where the government control is still to be retained, on case to case basis.
      • Present policy of retaining 51% Government stake to be modified to retaining 51% stake inclusive of the stake of Government controlled institutions.
      • Retail participation in CPSEs to be encouraged.
      • To provide additional investment space: a. Government to realign its holding in CPSEs and b. Banks to permit greater availability of its shares and to improve depth of its market. Government to offer an investment option in ETFs on the lines of Equity Linked Savings Scheme (ELSS).
      • Government to meet public shareholding norms of 25% for all listed PSUs and raise the foreign shareholding limits to maximum permissible sector limits for all PSU companies which are part of Emerging Market Index.
    • Government to raise a part of its gross borrowing program in external markets in external currencies. This will also have beneficial impact on demand situation for the government securities in domestic market.
    • New series of coins of One Rupee, Two Rupees, Five Rupees, Ten Rupees and Twenty Rupees, easily identifiable to the visually impaired to be made available for public use shortly.

    Digital Payments

    • TDS of 2% on cash withdrawal exceeding Rs 1 crore in a year from a bank account
    • Business establishments with annual turnover more than Rs 50 crore shall offer low cost digital modes of payment to their customers and no charges or Merchant Discount Rate shall be imposed on customers as well as merchants.

    Mega Investment in Sunrise and Advanced Technology Areas

    • Scheme to invite global companies to set up mega-manufacturing plants in areas such as Semi-conductor Fabrication  (FAB), Solar Photo Voltaic cells, Lithium storage batteries, Computer Servers, Laptops, etc. Investment linked income tax exemptions to be provided along with indirect tax benefits.

    Union Budget 2019-20 at a Glance

    Sr No.





    Var. (%)








    Revenue Receipts








    2. Tax Revenue (Net to Centre)








    3. Non-Tax Revenue








    Capital Receipts








    5. Recovery of Loans








    6. Other Receipts








    7. Borrowings and Other Liabilities








    Total Receipts (1+4)








    Total Expenditure (10+13)








    On  Revenue Account








    11.  Interest Payments








    12.  Grants in Aid for creation of capital assets








    On Capital Account








    Revenue Deficit (10-1)














    Effective Revenue Deficit (14-12)














    Fiscal Deficit [9-(1+5+6)]














    Primary Deficit (16-11)













    Figures in Rs crore; Source: Union Budget 2019-20

    Back to news list
Previous Stories :
Budget Analysis News

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

The power of the database is harnessed by our fired-up reporters to generate interesting ideas. The reader-friendly presentation of the idea, supplemented by relevant data and information, can be accessed online through Capita Telefolio and Telefolio Gold. These ideas are used by individual investors as well as institutional investors to do further research and stay ahead.

Capital Market Publishers India Pvt. Ltd.

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071.
Kindly note www.capitalmarket.com does not send any mobile SMS, whatsapp or twitter messages
giving any kind of stock recommendations.
For Capital Market Magazine queries mail to : subscription@capitalmarket.com
For Capital Market Online Products related queries mail to : financeshop@capitalmarket.com
For any other Capital Market Website related Queries mail to : info@capitalmarket.com
To advertise on Capital Market Websites & Capital Market Fortnightly magazine mail to : advt@capitalmarket.com
Flash News 05-Mar-2021
  •  ( 11:34) PVR launches 6-screen property in Forum Centre City Mall, Mysuru  
  •  ( 11:28) Equity indices trade sideways with losses  
  •  ( 10:49) PNB Housing Finance, Yes Bank join hands to offer customized retail loans  
  •  ( 09:52) Dilip Buildcon receives LoA for two Karnataka-based projects  
  •  ( 09:45) BCPL Railway Infrastructure bags a LoA from Railway Vikas Nigam  
  •  ( 09:29) Positive market breadth  
  •  ( 09:25) Nifty drops below 15,000   
  •  ( 09:24) ISGEC Heavy Engg. secures a deal from Shree Cement to set up boilers  
  •  ( 09:22) Wipro acquires London-based Capco for $1.45 billion  
  •  ( 09:19) Market trading lower in early trade  
  •  ( 08:15) OPEC+ extends most oil output cuts into April  
  •  ( 08:09) US stocks drop on Thursday as Powell fails to ease rate fears  
Show News
05 March 2021 12:34
(-0.10 %)
(0.31 %)
(0.81 %)
(-0.46 %)
(-1.05 %)
(-1.03 %)
(-1.00 %)
(-0.86 %)
(0.34 %)
(-0.80 %)
(0.19 %)
(-1.27 %)
(-4.45 %)
(-0.26 %)
(-0.41 %)
(1.13 %)
(0.88 %)
(0.74 %)
(1.83 %)
(0.75 %)
(0.32 %)
(3.15 %)
(-0.22 %)
(0.80 %)
(-2.89 %)
(-0.64 %)
(0.31 %)
(0.15 %)
(1.38 %)
(1.02 %)
Sensex 5min and Nifty 15min delayed as on .
Show Ticker
Rotate your device

Rotate your device

For the best experience please go back to portrait mode.