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Budget 2019 Expectations: 5 Important Expectations from the Forthcoming Full Union Budget 2019
Amidst speculations and heated debates on the country’s economic priorities, India’s first female Finance Minister, Nirmala Sitharaman will present the full Union Budget on July 5. As part of preparations for the impending action, the new finance minister held a pre-budget consultation meeting with stakeholders from industry, services and trade. Notably, unprecedented high unemployment and sluggish GDP growth have posed great challenges to the Indian economy in recent years. While issues plaguing the economy are most anticipated to become top priorities in Budget 2019, experts list the top five expectations from the awaited financial plan. 1. Tax Reforms Piyush Goyal,...more
Union Budget Expectations under Modi 2.0
Mrs Nirmala Sitharaman will be creating history on July 5, 2019, as she is poised to become the first female Finance Minister to present the Union Budget. Of all the cabinet ministers of India, Mrs Sitharaman is the cynosure of all eyes because of the expectations from Budget 2019. Every Indian citizen has high hopes from the Modi 2.0 government. The Indian economy is not in perfect shape with the rising prices of oil and the mounting NPAs in the banking sector. The NBFC crisis is a significant issue that requires immediate correction. Taxation rates have not seen a reasonable...more
What is the eligibility criteria for registrations under GST?
Section 22 to Section 30 of the CGST Act, 2017 deals with the registration by the every supplier of goods and services. Please find below note on registration under GST with effect from 1st April 2019. 1. Every person exclusively engaged in supply of services and whose aggregate turnover exceeds Rs. 10 lakhs in case of the States of Manipur, Mizoram, Nagaland and Tripura and whose aggregate turnover exceeds Rs. 20 lakhs for rest of States, shall be liable to be registered under this act in the state or union territory, from where he makes of taxable supply of goods...more
What is Union Budget and Important Documents of Union Budget
What do you mean by budget? A budget approximates the income and expenses over a specified time. Budgets can be made for a government, a country, a company, a family and about anything or anyone that earns and spends money. It is compiled and re-estimated periodically. The budget meaning explained is only a generic one. Since we have the introduction of the budget, there is not much of a difference between the meaning of Government budget and union budget definition Meaning of Government Budget A Government budget is an annual financial statement that summaries the estimates of revenue and expenses...more
Different Types of Home Loan in India
What is a Home Loan? A home loan is a specified amount of money that an individual is eligible to borrow from a bank or any financial institution at a stipulated rate of interest to be paid via easy monthly installments (EMIs) every month. There are different types of home loans available, but the one most appropriate for you should always be considered with respect to the interest rate, repayment structure, time frame, and other aspects involved. Let us take a look at some of the types of home loans in India : • Purchase of Residential Property: considered to...more
What is an Education Loan and its Benefits?
Choosing the right career option is a big challenge for many students. But so is the problem to sort out the finances. Not many have the privilege of funding their higher education on their own, and that’s where a student education loan steps in. Whether you want to pursue a MBA in the best business school in the US or a degree in law in India, an education loan is an answer to all your worries. We will explain the process of obtaining an education loan in India within this article. What is an education loan? Before we talk about...more
How to Plan for Your Child’s Education
One of the constant worries that plagues the mind of every parent is how to plan for child education. With the rising cost of living and sky-high inflation rates, it is natural for every parent to start planning to ensure that their child (or children) has (or have) the best opportunities for education. Set out for you is a step-by-step guide for you so that you can come up with the best child education plan. The importance of education can never be underestimated and even with limited finances, it is possible to provide quality education. Child Education Steps 1. Start...more
What is Business Loan & Benefits of Business Loan
You have finally decided to take a plunge and start your own business. But before you can get going, you need to sort out the finances to support your business. This is where a bank loan for business can come to your rescue. Let us take a look at how to get a business loan to help your dream take off. What is a business loan? Business loans are unsecured financial assistance provided by banks and NBFCs in India. The primary aim of these is to support the urgent needs of your growing business. Most financial institutions offer term loans...more
9 Ways to Plan Your Dream Destination Wedding On a Budget
We are still reeling under the effects of the exotic location where Deep-Veer tied the knot. Now you and your fiancé have also decided to have a destination wedding. You want the . But finances are a cog in the wheel of your dream. Worry not – here are the top 10 destination wedding ideas on a budget. 1.Plan as soon as you can The old proverb goes – the early bird catches the worm. If you start planning your destination wedding well in advance, you will be able to get the best deals on airfares and hotels. As soon...more
What Is a Mortgage Loan? 5 Things You Need to Know
You must have come across the term ‘mortgage’ many times while going through your loan application and wondered what it means. Simply put, it is a kind security. When the financial assistance availed from a bank or NBFC is a secured one, collateral has to be provided. Below is a simple primer to help you understand what a mortgage loan is. What is a mortgage? A loan which is backed by security over property or real estate is called a mortgage backed loan. Several types of loan can be in the nature of a mortgage backed loan, home loan being...more
