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, f...
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