Heena Sharma Blog

Financial Survey 2019, postponed in Parliament on Thursday, painted a hopeful image of the Indian economy, anticipating the nation's (GDP) would develop at seven percent in 2019-20, against a five-year low of 6.8 percent the earlier year, with political strength helping a get sought after and speculations. India would need to develop at 8 percent every year to turn into a $5-trillion economy by FY25, the Survey assessed. The estimate is equivalent to the Reserve Bank of India's perusing, which in June brought down its projection by 20 premise focuses from 7.2 percent. A miserable worldwide standpoint produced by US-China exchange strains likewise provoked the national bank to cut loan costs multiple times this year, with the concentrate currently moving to the administration's Budget on Friday for measures to help the economy. The money service said in its yearly Economic Survey report that upside and drawback dangers to development were equally adjusted, with r

India's first female money serve in right around five decades, Nirmala Sitharaman , has held a wide scope of occupations: She rode on board a contender stream as barrier serve. As leader of the exchange office she pondered falling fares. She's been a national representative for her gathering, and in more youthful days worked in London as a home style salesman. Presently Sitharaman, 59, faces what may wind up one of the hardest exercises in careful control of her profession. On May 31, inside hours of her landing in her new office in New Delhi, she was welcomed with India's most exceedingly awful monetary updates on the year: Unemployment had contacted a 45-year high, and India had lost its tag of the world's quickest developing real economy to China in the last quarter of the financial year. On July 5, Sitharaman shows up in her new job, introducing India's financial limit when she's experiencing tension to spend more to revitalize the economy. She sh

During decision years, for example, this one, India's active fund priest offers up just a "between time spending plan," under the suspicion that the approaching government will have diverse arrangement needs. Given that Prime Minister Narendra Modi's legislature was reelected so effectively, one may think the spending it's booked to introduce on July 5 won't look vastly different. It should. Modi's new fund serve, Nirmala Sitharaman , faces unexpected conditions in comparison to her forerunner. In the months since the between time spending plan, India's economy has gotten ugly. In May, we discovered that the economy had developed at just 5.8% in the three months among January and March, essentially lower than anticipated. The storm - pivotal for development in agribusiness, which utilizes half or a greater amount of India's specialists - has failed to meet expectations. Downpour in June was a third not exactly expected; it was the fifth-

The 2019 interim budget on February 1 is likely to bring some good news for taxpayers. Ahead of 2019 Lok Sabha elections, Finance Minister Arun Jaitley may double the income tax (I-T) exemption threshold for the salaried taxpayers from the present Rs 250,000 to Rs 500,000, according to an IANS report. With financial apathy on the rise after demonetisation drive, this pre-poll sop tactic by the PM Narendra Modi-led government is expected to benefit the middle-class segment of the society. FM Jaitley may also reinstate a tax-free status for medical expenses and transport allowance. ALSO READ: Interim Budget options for Mr Jaitley The demand to double the I-T exemption limit to Rs 500,000 was made by the Confederation of Indian Industry (CII) as one of its pre-Budget recommendations. The industry has also sought an increase in the deduction under Section 80C to Rs 250,000 to incentivise savings. As the ruling BJP government is trying to outline its economic policy vis