1. Preliminary The union budget of India for the year 2019-2020 was presented by finance minister Nirmala Sitharaman on 05 July 2019. This was the National Democratic Alliance – II (“NDA-II”) government’s first budget. Shortly after Sitharaman’s presentation of the budget, IndiaSpend, a non-profit organization that uses open data to analyse India’s socio-economic issues, publishedRead more
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1. INTRODUCTION The Indian union budget was declared on 05 July 2019 by the finance minister, Nirmala Sitharaman. This was the first budget presented by the Narendra Modi government in its second term. The budget speech is available here, highlights released by the union government are available here, the Finance Bill, 2019 is availableRead more
1. PRELIMINARY 1.1 The finance ministry presents the economic survey (“ES”) of India in the parliament every year before the union budget. This document is prepared by the finance ministry and the chief economic adviser. The ES presents the finance ministry’s views on the annual economic development of India. This post highlights major observations fromRead more
The Government’s Position on Cryptocurrency While the novelty factor of cryptocurrency and the blockchain technology has not abated since 2009, Indian regulators have only recently begun evaluating the financial and security risks posed by virtual currencies such as Bitcoin. The Finance Minister, Mr. Arun Jaitley, announced in his 2018 Budget Speech that the government doesRead more
The 2018 budget featured a number of announcements that may be of interest to anyone engaged with the technology sector or the startup ecosystem. This note takes a look at some of these announcements in order to identify how the business environment may be impacted by the 2018 Budget Economic Growth in the last year:Read more