Economic Survey: Top 5 Things To Know Before Union Budget 2019

Last Updated at: May 05, 2020
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Economic Survey Top 5 Things To Know Before Union Budget 2019

The first Budget of re-elected Modi government is scheduled to be presented on July 5 by Finance minister Nirmala Sitharaman. Just before tabling the Union Budget 2019, Chief Economic Advisor (CEA) of the Government of India, will present the Economic survey.

It is the ministry’s summarized view of annual economic development of the country over the previous 12 months – key development programs and government policy initiatives and prospects of the economy in short to medium term. This year the Economic Survey will continue to be a two-volume report as it was in the past four years.

From the general public to top economists, the Budget is keenly followed by everyone to know what they are going to get, such as policies, tax incentives, welfare schemes, etc.

Get Your Company Registered

Here are the top things to know about the Economic Survey:

  1. The latest economic survey will be tabled on July 4.
  2. It will be presented by Krishnamurthy Subramanian, Chief Economic Advisor to GoI. Last year, CEA Arvind Subramanian submitted the report.
  3. The Department of Economic Affairs, Ministry of Finance presents a statistical review of developments in the Indian economy of the previous fiscal year.
  4. The Economic survey provides comprehensive analyses of economic development trends in industrial production, employment, foreign exchange, imports, exports, goods and service sectors, infrastructure, agriculture and other factors related to Budget.
  5. It is necessary to group the economic magnitudes to get a better perspective on the impact of government receipts and expenditures.

How to get GST certificate?

The taxpayers who have got a GST from the government are free to download the GST certificate from the official GST Portal anytime as per their convenience.Understand the procedure for GST registration and GST returns here.

Whether all Companies has to file MSME Form I?

Every specified company should file in MSME I form about the description of the understanding dues to the MSMEs suppliers within 30 days from the date of notification.More on Income Tax Return Filing.

What is e-filing utility provided by the Income-tax Department?

The e-utility software is created by using Java and excel and it aids in filing the income tax returns electronically without the help of others.Learn more about ISO Certification.

What is ISO?

ISO is designed to assist companies at various levels. It includes to focus on customer needs and enhance control within the company.More info on NGO Registration in india.

When is an NGO eligible for Government funding ?

An NGO is qualified for Government funding only after 3 years of its initiation.It takes only 1 year if its project is approved early.More about Udyog Aadhar Registration.

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Economic Survey: Top 5 Things To Know Before Union Budget 2019

1529

The first Budget of re-elected Modi government is scheduled to be presented on July 5 by Finance minister Nirmala Sitharaman. Just before tabling the Union Budget 2019, Chief Economic Advisor (CEA) of the Government of India, will present the Economic survey.

It is the ministry’s summarized view of annual economic development of the country over the previous 12 months – key development programs and government policy initiatives and prospects of the economy in short to medium term. This year the Economic Survey will continue to be a two-volume report as it was in the past four years.

From the general public to top economists, the Budget is keenly followed by everyone to know what they are going to get, such as policies, tax incentives, welfare schemes, etc.

Get Your Company Registered

Here are the top things to know about the Economic Survey:

  1. The latest economic survey will be tabled on July 4.
  2. It will be presented by Krishnamurthy Subramanian, Chief Economic Advisor to GoI. Last year, CEA Arvind Subramanian submitted the report.
  3. The Department of Economic Affairs, Ministry of Finance presents a statistical review of developments in the Indian economy of the previous fiscal year.
  4. The Economic survey provides comprehensive analyses of economic development trends in industrial production, employment, foreign exchange, imports, exports, goods and service sectors, infrastructure, agriculture and other factors related to Budget.
  5. It is necessary to group the economic magnitudes to get a better perspective on the impact of government receipts and expenditures.

How to get GST certificate?

The taxpayers who have got a GST from the government are free to download the GST certificate from the official GST Portal anytime as per their convenience.Understand the procedure for GST registration and GST returns here.

Whether all Companies has to file MSME Form I?

Every specified company should file in MSME I form about the description of the understanding dues to the MSMEs suppliers within 30 days from the date of notification.More on Income Tax Return Filing.

What is e-filing utility provided by the Income-tax Department?

The e-utility software is created by using Java and excel and it aids in filing the income tax returns electronically without the help of others.Learn more about ISO Certification.

What is ISO?

ISO is designed to assist companies at various levels. It includes to focus on customer needs and enhance control within the company.More info on NGO Registration in india.

When is an NGO eligible for Government funding ?

An NGO is qualified for Government funding only after 3 years of its initiation.It takes only 1 year if its project is approved early.More about Udyog Aadhar Registration.

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