Discover and read the best of Twitter Threads about #budget2019

Most recents (24)

#CorporationTax #AltSarkar's view and commentary.
First the good news: FM @nsitharaman’s corporate tax cut is a clear sign that #ModiSarkar is worried about the state of the #Indian #Economy. That’s good because it means she acknowledges the scale of the #budget2019 cock-up.
Now the bad news: a day earlier, @RBI Governor, @DasShaktikanta, said that the Government’s fiscal space is limited. This means: don't cut taxes, don't spend more than budgeted. He also said, spend resources 'fruitfully' i.e. to get the 'most bang for your buck'.
And now the even worse news: this 1.5 Lakh Crore tax giveaway is neither necessary nor sufficient, in and of itself, to solve the problem that spurred it - the slump in economic growth. Like antibiotics that neither help a common cold, nor make the body stronger. Here's why
Read 16 tweets
🔴PREMIERES at 9:15pm ET:

"The $3000 figure is the much broader figure that really gets to the heart of the success of this president's deregulatory agenda."

@RussVought45 talks #Deregulation on American Thought Leaders 🇺🇸 with @JanJekielek
@RussVought45 @JanJekielek 🔴LIVE:

"If you break the debt up into how much people owe, are they getting that much in value from the federal government? My suspicion is that they're not."

@RussVought45 talks about the #Budget2019 on American Thought Leaders 🇺🇸 with @JanJekielek
@RussVought45 @JanJekielek "[Trump] is a fascinating person…he's an incredible quick study…I wish more Americans had an opportunity to interact with him."

@RussVought45 talks about President Trump on American Thought Leaders 🇺🇸 with @JanJekielek

Watch:
Read 3 tweets
Thread
#Missing1Point7Trillion #India #Budget2019, #EconomicSurvey2019
Keen followers of India #Budget #Shenanigans would have followed, or tried to follow the complex arguments made by 3 non-Govt commentators in this @NDTV programme: 1/n
Jayati Ghosh, Pronab Sen and Nitin Sethi pointed out that figures that appeared in @SubramanianKri's Economic Survey did not read across into @nsitharaman's glossy #Budget2019 presentation. They based their arguments on reading the small print in both these weighty documents. 2/n
@kaul_vivek, that great explainer of complicated financial smoke-and-mirrors made the same point about a missing 1.7 lakh crores (LC for short, 1 LC = 1 trillion) from the 2018-19 budgeted revenue and expenditure. See his excellent write up here: livemint.com/news/india/how… 3/n
Read 15 tweets
They call this #Budget2019 visionary

Let me explain my views on it
1. When Automobiles companies are struggling they are talking of giving incentives to E vehicles

What happens Now? Like now

Already car dealers shutting shop. Job losses. But instead of addressing current problem they talking two years ahead
2. Real estate non giving possession to buyers. Poor buyers paying both EMI for property not in site as well as rent

RERA should have been introduced retrospective. Builders launched new projects, ignoring ones before RERA
Read 11 tweets
What does #Budget2019 say about the GOI's vision of New India:
1) India is now truly treading the welfare route - pensions by the state to ever larger groups of people, farmers, small shopkeepers. Interest subvention to women in SHG.
2) The money required for more & more infra development, the socialist schemes will come from : Direct Taxes, Disinvestment and Borrowing.
Direct Taxes and Disinvestment are common tricks, only new trick is the borrowing in this budget.
3) The Disinvestment Well of PSUs will run dry in the next 2 years. Given GOI's voracious appetite for welfare schemes where will the money for these schemes come from in the future? Will mules called "Tax Payers" die to fund the govt? @narendramodi @nsitharaman
Read 11 tweets
Though #Budget2019 claimed to be a #bahikhata , it is more of a vision, not revenue & expenditure projection,which a bahikhata as the name suggests, is supposed to be !/1
Till 1991, budget wud consist of only figures.
Vision appeared for the first time in1991,
#NewIndia of Modi govt gives only vision (no figures), a #new trend for a positive approach & a feel good attitude/2
According to World Bank figures, in 1964 India was at rank 7th with 56 billion dollar economy (total world fig stood at 1.8 trillion dollars)
In 2019 when total world fig has reached 87 trillion, India's GDP is 2.6 trillion dollars ../3
Read 9 tweets
Budget Takeaways for Various Sectors(Equity Impact Sector wise): ( Long Thread)
#Budget2019 #investearnrepeat
AIRLINE : POSITIVE
• aircraft financing and leasing activities from Indian shores
• Postive for Interglobe Aviation and Spicejet
AUTOMOBILE : NEGATIVE
Customs duty has been increased from 7.5%/10% to 10%/15% on automobile parts
• Negative for Auto OEM companies like Maruti, Hero , Bajaj Auto, TVS Motors, Eicher , TaMo, Ashok Leyland.
• Interest upto Rs. 1.5 Lacs shall be allowed as deduction for the purchase of EV w.e.f 1/4/20. (Positive for EV)
• Special Additional Excise duty by Re 1 per litre and Road and Infrastructure Cess by Re 1 per litre each on petrol and diesel.
Read 16 tweets
Not a word yet on privatisation. Close to a fifth of our annual budget (of 27 lac crore) goes in propping up PSUs, most of them sick. Public bank NPAs now stand at $131 billion.

Unless this govt stops being in the business of doing business, I see no hope. #Budget2019
Forget privatisation or disinvestment. Yahan toh ulti ganga. #Budget2019
I will believe this when a private company buys the govt company, and not how it has been happening in the last 5 years - a govt company buying a govt company and the govt calling it disinvestment and everyone applauding this BS. #Budget2019
Read 3 tweets
FM says, govt. is dedicated to ideals of Lord Basaveshwara. Quotes him in Kannada "Kayakave Kailasa" (Work is Worship").
FM says, will consolidate multiple labor laws into set of 'four labor codes'. #budget 2019
FM says, new television channel for startups to be set up. #budget 2019
Read 21 tweets
You know what we haven't had in this Budget so far? Any budgeting. Lots of aims, no allocations. #Budget2019
DD-Startups has been announced. All problems now solved.
It's been over an hour. Targets, achievements, promises -- but not a single budgetary allocation. This simply does not happen in a Budget speech....!

Read 6 tweets
#Budget2019

This thread details announcement made into budget and what average middle class would get from it.

Totally My work
Two goals for country future
1. National Security
2. Economic Prosperity

Imp : Last mile Delivery was prime target

#Budget2019
#Budget2019

Food security amount spend doubled in last 5 years
Read 26 tweets
Finance Minister @nsitharaman: India will become a $3 trillion economy this year #Budget2019
Finance Minister @nsitharaman: Many structural reforms need to be undertaken #Budget2019
Finance Minister @nsitharaman: Will reach $5Trillion in the next few years #Budget2019
Read 41 tweets
#Budget2019 Starts. (Thread)
When our hearts are filled with hope, trust and aspirations, we added $1 trillion in 5 years. GDP. Okay.
After a lot of fluff, we are now on.
Read 83 tweets
#BudgetwithMint|
Speech begins with a reference to 'new India' and the election result. Taking it as a validation of the performance of the government.
Validation of the two goals - national security and economic growth
#Budget2019
#BudgetwithMint|
Mazboot desh ke liye mazbooth nagrik
Empower the citizen to make the nation strong
Refers to Chanakya: Determined human effort leads to task completion
#Budget2019
#BudgetwithMint|
Vision for the decade:
Goal of USD 5trillion is the focus. The vision for the decade in 10 points.
Social infra, digital india, pollution free, make in india, water, space, self sufficiency in food grains and export, medical, clean India
#Budget2019
Read 83 tweets
Updates from #Budget2019 with @moneymantrainfo - Watch out all the news on budget (tweets / thread whole day..) 📊📋
#Budget2019 - Indian Economy : A Snapshot 👇
Sitharaman discards briefcase, goes for 'bahi-khata' #Budget2019
#BudgetForNewIndia
Read 37 tweets
At the Canadian Consortium for Research meeting today w/ @MitacsCanada #CSPF and @NSERC_CRSNG colleagues, where @VB_Lisa opens by discussing #SupportTheReport efforts, asking how can we foster next steps for fundamental research and the #NextGenCanSci in Canada?

#scipol #thread
James Compton, prev prez @CAUT_ACPPU shows that there was a massive increase in student population, but this has slowed over the last 3 years. It would have slowed more, were it not for international students. Yet, #PSE funding from fed has been flat, has decreased at prov level
... Tuition has also increased over time. Faculty wages are not the culprit though, the % #PSE expenditures on wages has diminished over time. There is also more reliance on contract staff ➡️ and academic staff are not being renewed
Read 55 tweets
Arrived at @research_money conf #RM_Ott19 just as the contribution of @MitacsCanada and presence of #CSPF is mentioned... Good timing!

I'm here w/ my @NSERC_CRSNG colleagues, and also happy to see @DSP_SPE included as a partner + that @MarieFranquin is on a panel this morning 🙌
Keynote speaker #RM_Ott19 is David Watters discussing the impact of #Budget2019 on Canadian research and Canada as a whole. Excellent summary and great figures ⬇️
Supporting research excellence was a relatively small investment compared to big ticket items in #Budget2019. GERD/GDP is still very low compared to OECD colleagues
#RM_Ott19
Read 9 tweets
If you have ever wondered about which are the biggest programs in the budget, check out ausgov.info/budget/index.p… #budget2019
As you can see, by the time you get through the top 10 programs, the proportion of the whole budget spend is less than 3%. That gives an indication of how concentrated spending is in the biggest programs. #budget2019
Here is the list of all #budget2019 program components that have been increased over the last year funding. There are 759 ausgov.info/budget/index.p…
Read 9 tweets
Here we go - #Budget2019 announcements in #FrankingCredits cash payments equivalents.
$2bn small business access to finance = 4 months of #FrankingCredits cash payments
$60 million for export market development grants = 3.7 days of #FrankingCredits cash payments
Read 27 tweets
I got an email from a staff member in @KirstyDuncanMP's office on Tuesday about #Budget2019.
It included the line: "We were also thrilled to see the support for the tri-agencies scholarships and fellowships, to finalize implementation of recommendations of the Fundamental Review of Science."

My reaction: "finalize"?
The staff member has not replied to my question about what this meant. In my view, while there has been a good start, these recommendations are far from implemented. Some have been partially implemented; others still need quite a lot of implementation.
Read 4 tweets
Some quick #Budget2019 thoughts: It seems odd that the government is doubling down on private home ownership. This seems like a gift to the banks. Why not invest in public social housing to help those most in need? #cdnpoli
Public infrastructure/housing would be an incredible stimulant to urban economies and provide secure stable housing for those in major (and smaller) urban centres. It would be a win/win.
Thus, a missed opportunity. One area that looks promising is the public investment in high speed internet. This is great for rural #cdnpoli, but I’m unclear if this is a gift to private telecoms or actual investment in long-term public infrastructure. If it is the former,
Read 12 tweets
Alright, I'm back on Twitter for #budget2019 and have a few thoughts about the Canada Training Benefit. [thread]
First, what is it? You can read for yourself here: budget.gc.ca/2019/docs/them… But basically, if you are 25-64 years old, making >$10K but <$150K from work (ie: government income doesn't qualify), you'll get a $250/year credit added to a notional 'learning account' up to lifetime...
cap of $5k. If you enroll in a recognized course/program, you can use your credit in this notional account to get a refund of up to half the tuition you paid. But, you have to file a tax return to get credit in your account & it sounds like
Read 16 tweets
Yo @centrelink!
How does this happen:
You load ATO Match Data in May-2017
You send EIC reminder in Jul-2017
You raise large surprise #RoboDebt in early 2019
You don't issue AMENDMENT PAYG Summary
Compliance & myGov have no record of initial EIC letter?
#NotMyDebt #RewindRoboDebt
Could it be that:

Initial EIC letter included dodgy ATO Match Data?

This #RoboDebt was actually raised mid-2017, then recalled & later resurrected?

Fraudulent 'zombie' debt claim arises from employer duplication with substantial double-counted & averaged earnings?

#NotMyDebt
PS Could it be that:

This is just one of hundreds of thousands of dubious zombie cases that have been unpaused (rather than properly remediated), in the lead-up to #Budget2019 & #PEFO, with intent to inflate #RoboDebt figures & fudge #Surplus!? #NotMyDebt #RewindRoboDebt #AUSpol
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@misspale01 Thank you @misspale01 for the time and great insights on
#budget4biz. We look forward to hearing more from you! You shared some #badass advice ! Thank you !
@misspale01 If we missed your question or you think of one later, shoot us an email at shevestorafrica@gmail.com #sheVestorChats #Budget2019 #budget4biz #WeTalkBiz
@misspale01 Follow @palengoholdings for more information on Investment. Shoot
them your pressing questions and seek financial advice on Stokvel via info@palengoholdings.co.za
Read 5 tweets

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