Budget 2019 LIVE Updates: PAN and Aadhaar are interchangeable for Tax Filing

Sitharaman proposed that Aadhaar and PAN be used interchangeably for filing tax returns

Finance Minister Nirmala Sitharaman
Finance Minister Nirmala Sitharaman
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NH Web Desk

05 Jul 2019, 2:14 PM

Surjewala: Village, poor and farmer' marginalized. Will hollow words solve the agrarian crisis?

“Village, poor and farmer' marginalized. Will hollow words solve the agrarian crisis? No directions to double the farmer's income, No promise for Minimum Support Price (MSP), No measures suggested to fight famine- drought, No way out from the crisis in rural economy. Only an additional load of ₹2 on diesel,” tweeted Randeep Surjewala

05 Jul 2019, 2:03 PM

Pan & Aadhaar are interchangeable Tax Filing

Sitharaman proposed that Aadhaar and PAN be used interchangeably for filing tax returns. Speaking on the subject of ease of doing business, she announced that those who do not possess a PAN number can simply quote the 12-digit Aadhaar number instead. “More than 120 crore Indians now have Aadhaar,” Sitharaman told the House.

05 Jul 2019, 1:48 PM

Maximum Intent, Minimum Content, says Surjewala over Budget 2019

Maximum Intent, Minimum Content, Maximum Catchphrases,Minimum Catch-points!, says Surjewala over Budget 2019


05 Jul 2019, 1:09 PM

Extra cess of ₹1 on Petrol & Diesel, says Union Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman says special additional excise duty of Rs 1/litre on petrol & diesel

05 Jul 2019, 1:06 PM

Nirmala Sitharaman: All companies having annual turnover of 400 crores, will now be under the bracket of 25%

All companies having annual turnover of 400 crores, will now be under the bracket of 25%. This will cover 99.3% of all the companies, says Finance Minister Nirmala Sitharaman


05 Jul 2019, 1:05 PM

PAN & Aadhaar to become interchangeable to file taxes, says Finance Minister Nirmala Sitharaman

05 Jul 2019, 1:05 PM

To discourage the practice of making business payments in cash I propose to levy TDS of 2% on cash withdrawal exceeding Rs 1 crore in a year from a bank account, says Sitharaman


05 Jul 2019, 12:59 PM

Additional tax deduction of ₹1.5L on interest paid on loans for electric vehicles

Additional Rs 1.5 lakh deduction on interest paid for affordable housing loans till March 2020, says Sitharaman

05 Jul 2019, 12:54 PM

Lower 25 per cent corporate tax will apply on companies with up to Rs 400 cr turnover; covering 99.3 pc of corporate India, says FM


05 Jul 2019, 12:53 PM

Finance Minister Nirmala Sitharaman says additional Rs 1.5 lakhs deduction on interest paid for affordable housing loans till March 2020

05 Jul 2019, 12:37 PM

Financial gains from cleaning of banking system clearly visible; NPA reduced by over Rs 1 lakh cr last year, says FM


05 Jul 2019, 12:34 PM

New series of coins of Rupee 1,2,5,10 & 20 to be issued for public use shortly, says Sitharaman

05 Jul 2019, 12:31 PM

FM proposes to expand self help groups to all districts

One woman in every SHG shall be made eligible for a loan of 1 lakh rupees under MUDRA scheme, says Sitharaman


05 Jul 2019, 12:24 PM

I proposes to allocate ₹70,0000 for PSU bank recapitalisation, says Sitharaman

05 Jul 2019, 12:18 PM

Railway station modernisation programme will be launched this year, says Nirmal Sitharaman


05 Jul 2019, 12:16 PM

NRIs to get Aadhar card on arrival, says Nirmala Sitharaman

Delivering her maiden budget speech on Friday, Finance Minister Nirmala Sitharaman proposed to issue Aadhaar to NRIs with Indian passport without the mandatory 180-day waiting period.

05 Jul 2019, 12:08 PM

Govt on target to achieve Swachh Bharat mission by October this year, says Finance Minister

Happy and satisfied to report that India will be made Open Defecation Free on October 2nd, 2019, as per the dream of PM Narendra Modi, says Sitharaman


05 Jul 2019, 12:07 PM

A draft legislation for higher education commission of India to be presented, says Nirmala Sitharaman

I propose to establish a National Research Foundation to fund, to coordinate and to promote research in the country.

05 Jul 2019, 12:06 PM

95 per cent of all cities have become open defecation free, says Nirmala Sitharaman

Pension benefit to be extended to around 3 crore retail traders and shopkeepers with an annual turnover less than 1.5 crores under Pradhan Mantri Karam Yogi Man Dhan Schem, says Sitharaman


05 Jul 2019, 12:04 PM

30,000 km roads constructed under Pradhan Mantri Gram Sadak Yojna using green material, including plastic waste, says Finance Minister

05 Jul 2019, 12:00 PM

9.6 crore toilets have been constructed since Oct 2, 2014

9.6 crore toilets have been constructed since Oct 2, 2014. More than 5.6 lakh villages have become open defecation free.We have to build on this success. I propose to expand the Swachh Bharat mission to undertake sustainable sold waste management in every village, says Finance Minister Nirmala Sitharaman


05 Jul 2019, 11:58 AM

Govt proposes setting up 1.95 crore houses under Pradhan Mantari Awas Yojna (Rural), says Finance Minister

05 Jul 2019, 11:56 AM

Market slips to day's low as Budget 2019 speech is underway


05 Jul 2019, 11:49 AM

Govt will only explore possibilities of additional funding for pet 'Jal Shakti' scheme, says Sitharaman

05 Jul 2019, 11:44 AM

Every rural family to have electricity and LPG connection by 2022, says Sitharaman

Every single rural family, except those unwilling to take connection, will have an electricity, LPG connection by 2022: FM


05 Jul 2019, 11:43 AM

NRI portfolio route to be merged with FPI for seamless investment in stock markets, says Finance Minister Nirmala Sitharaman

To provide NRIs seamless to Indian equities, NRI portfolio investment route to be merged with foreign portfolio investment route, says Sitharaman

05 Jul 2019, 11:41 AM

₹10,000 crore has been approved on Apr 1, 2019 to encourage faster adoption of electric vehicles, says Finance Minister


05 Jul 2019, 11:38 AM

Several reforms will be taken to promote rental housing, says Finance Minister Sitharaman

05 Jul 2019, 11:36 AM

Govt will create a payment platform for MSMEs for payment of bills, says Sitharaman


05 Jul 2019, 11:35 AM

Cargo movement in Ganga will increase 4 times in 4 years, says Finance Minister

05 Jul 2019, 11:32 AM

Nirmala Sitharaman: Government will examine opening up FDI further in Aviation and Media

Government is considering increasing the FDI limit in Media, Aviation after consulting with local stakeholders


05 Jul 2019, 11:27 AM

India to Become $3 Trillion Economy in the Current Year Itself: Nirmala Sitharaman

"It is now the sixth largest in the world. Five years ago it was at the 11th position... It took us over 55 years to become a $1 trillion economy. But when the hearts are filled with hope, trust and aspiration, we, in just 5 years, added $1 trillion," Sitharaman said.

05 Jul 2019, 11:25 AM

Comprehensive restructuring of National Highways Programme to be done, to ensure creation of National Highways Grid of desirable capacity, says Finance Minister


05 Jul 2019, 11:20 AM

Finance Minister: Amount spent on food security doubled during 2014-19 from previous five years

05 Jul 2019, 11:19 AM

657 km of metro rail network has become operational in the country, says Finance Minister


05 Jul 2019, 11:17 AM

Nirmala Sitharaman: Schemes such as BharatMala, Sagarmala and UDAN are bridging rural urban divide

Schemes such as BharatMala, Sagarmala and UDAN are bridging rural urban divide and improving our transport infrastructure, says Finance Minister

05 Jul 2019, 11:17 AM

Nirmala Sitharaman says India will reach $5 trillion economy in few years

From 1.85 trillion dollars in 2014, the economy has reached 2.7 trillion US dollars; we can very well reach 5 trillion dollars in the next few years, says Sitharaman


05 Jul 2019, 11:11 AM

Recent elections was charged with brimming hope for a bright and stable India, says Finance Minister

05 Jul 2019, 11:11 AM

Finance Minister Nirmala Sitharaman quotes an Urdu couplet

'Yakeen ho to koi raasta niklata hai, hawa ki ot(protection) bhi le kar charagh jalta hai'


05 Jul 2019, 11:08 AM

Voter turnout was highest; every section came to stamp their approval for a performing Government, says Sitharaman

05 Jul 2019, 11:07 AM

The people of India have validated their two goals for our country's future: national security and economic growth, says Sitharaman


05 Jul 2019, 11:04 AM

Finance Minister Nirmala Sitharaman presents her first Union Budget

Union Finance Minister Nirmala Sitharaman presents her first budget in the Parliament.

05 Jul 2019, 10:52 AM

Cabinet approves Union Budget 2019-2020

The Cabinet has formally approved the Union Budget, with Finance Minister Nirmala Sitharaman scheduled to present it in the Lok Sabha shortly.


05 Jul 2019, 10:45 AM

Parents of Finance Minister Nirmala Sitharaman arrive at Parliament

Parents of Finance Minister Nirmala Sitharaman - Savitri and Narayanan Sitharaman - arrive at the Parliament.

05 Jul 2019, 10:34 AM

Union Cabinet meeting begins in Parliament


05 Jul 2019, 10:30 AM

Copies of Budget 2019 have been brought to the Parliament

05 Jul 2019, 10:09 AM

Union Finance Minister Nirmala Sitharaman reaches Parliament


05 Jul 2019, 9:46 AM

Nirmala Sitharaman calls on President Ramnath Kovind before presenting the Union Budget

05 Jul 2019, 9:39 AM

Sensex at 40,027.21, up by 119.15 points


05 Jul 2019, 9:32 AM

Finance Minister Nirmala Sitharaman, alongwith Anurag Thakur and other official outside Finance Ministry

Finance Minister Nirmala Sitharaman, MoS Finance Anurag Thakur, Finance Secretary S C Garg, Chief Economic Advisor Krishnamurthy Subramanian and other officials outside Finance Ministry.

05 Jul 2019, 9:05 AM

Finance Minister Nirmala Sitharaman arrives at Ministry of Finance

Finance Minister Nirmala Sitharaman arrives at Ministry of Finance. She will present the Budget 2019 on Friday at 11 am in Lok Sabha.


05 Jul 2019, 9:05 AM

MoS Finance Anurag Thakur offers prayers ahead of Budget 2019

MoS Finance Anurag Thakur offers prayers ahead of Budget 2019. Finance Minister Nirmala Sitharaman to present the Budget at 11 am in Lok Sabha on Friday

05 Jul 2019, 8:53 AM

Nirmala Sitharaman will present her first Union Budget today

Finance Minister Nirmala Sitharaman will present the Union Budget – a statement of the estimated receipts and expenditure of the Government of India for the year 2019-20 – in the Lok Sabha today.

According to the Lok Sabha’s List of Business for the day, Sitharaman will then lay on the Table a statements on medium-term fiscal policy cum fiscal policy strategy and macro-economic framework.

Finally, she will move The Finance (No.2) Bill, 2019. The Lower House is expected to be adjourned till Monday (July 8) after these proceedings conclude.

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