BusinessTax For Wealthy, Focus On Poor: Nirmala Sitharaman's Budget In 10 Points
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Tax For Wealthy, Focus On Poor: Nirmala Sitharaman's Budget In 10 Points
Fiscal deficit target revised to 3.3% of GDP for 2019-20, from 3.4%
Government eases foreign direct investment restrictions in select sectors
Individuals with taxable income above Rs 2 crore to pay higher surcharge
Nirmala Sitharaman said the fiscal deficit for this year would be trimmed to 3.3% of the GDP
The fiscal deficit target was revised to 3.3 per cent for 2019-20 from 3.4 per cent, a move which came as a surprise for some economists who had expected the target to be eased further.
The government will ease foreign direct investment (FDI) restrictions in single-brand retail, open up FDI in sectors such as aviation, insurance, media and animation, and allow foreign investors to buy debt of listed real estate investment trusts (...