Union Budget 2019: Talking about new plan for investment, Nirmala Sitharaman said that, “India Inc, our job creators, are the nation s wealth creators; together, we can prosper.
Expressing disappointment over hike in the import duty on gold, jewellers and industry body on Friday demanded the government to rollback its decision as it will encourage smuggling and make the yellow metal more expensive. Finance Minister Nirmala Sitharaman in the Budget 2019-20 proposed to increase custom duty on gold and other precious metals from 10 per cent to 12.5 per cent.
Finance Minister Nirmala Sitharaman will be tabling her first Union Budget in Lok Sabha at 11 am today. It will be Modi government’s first India Budget after winning an overwhelming mandate in the Lok Sabha Elections 2019. The Narendra Modi government is expected to take various measures to accelerate the slow economic growth of the country. Some of the key expectations from the Union Budget this year include measures to tackle agricultural distress and boost farm incomes and a solution to the
| UPDATED: 14:34, Thu, Mar 4, 2021
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Inheritance tax (IHT) is chargeable on the value of an estate of a person who has passed away, which falls above a certain threshold. The tax is set at 40 percent, meaning those who are left behind will have to deal with the levy before they can inherit assets left to them. In yesterday’s Budget, many were hopeful the Chancellor Rishi Sunak would announce the Inheritance Tax would be eradicated, or altered somewhat. However, some experts believed a rise to IHT would instead be on the cards.