Interim Budget 2019: Here's all that you have to know

Finance Minister Arun Jaitley will unveil the interim budget for 2019-20 on 1 February 2019. The full-fledged Union Budget for the next fiscal will be presented by the new government. This will be the sixth consecutive budget to be presented by Jaitley.

Know the Budget: Highlights

Unlikely to be progressive for oil & gas sector as fiscal math frail

The industry has been demanding that the government consider reducing the minimum alternate tax rate for E&P operations, which at about 20% of book profits is a significant deterrent for investment.

Here's a wish list from the real estate sector

While homebuyers want the government to create a stressed asset fund to deal with incomplete projects, developers are hoping that the government will bring stamp duty within the purview of GST.

Focus on alleviating rural distress to benefit fertiliser sector

ICRA expects the GoI to take several steps for enhancing farmer income like ensuring crop realisation, focus on improving crop insurance scheme (Pradhan Mantri Faisal Bima Yojna, PMFBY) and allocation for development of agricultural markets.

Real estate industry expects better affordability for buyers and reduced costs for developers

Mathew Kurian Eranat of ICRA talks about the real estate sector's expectations from the interim budget that the government will present on February 1

Higher budgetary allocation expected towards measures for rural electrification as well as for renewables to continue

In that context, the Central Government is expected to further augment the budgetary allocations towards its flagship schemes - Deendayal Upadhyaya Gram Jyoti Yojana (DUGJY) and Integrated Power Development Scheme (IPDS).

Vote on account to focus on increasing credit supply to weaker sections of society

Recent state elections results saw farm loan waivers as one of the major promises of the winning political party, thereby strengthening the probability of similar announcements in upcoming general elections.

Budget2019 | Interim Budget2019-20 | Arun Jaitley | New Delhi

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