Tag: Budget

New Delhi: A Credit Guarantee Enhancement Corporation is to be set up in 2019-20. This was announced by the Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, while presenting the Union Budget 2019-20 in Parliament today. The Finance Minister further said that we recognize that investment-driven growth requires access to low cost capital. It […]

New Delhi: Amid a debate over variance in numbers in the Economic Survey and the Budget, Finance Minister Nirmala Sitharaman Wednesday said both the documents present consistent picture and her budget numbers are authentic and projections based on realistic estimates. “The data which is given in the Budget is 100 per cent above board…there need […]

New Delhi: Finance Minister Nirmala Sitharaman Friday said the big picture presented in the Budget is backed with a plan to increase investment without compromising on the fiscal consolidation roadmap. Replying after a general discussion on the Union Budget 2019-20 in the Rajya Sabha, the minister said, “Comprehensive steps” have been envisaged for the next […]

New Delhi: A day after the modest 5 per cent growth estimates by the government, Prime Minister Narendra Modi on Wednesday sought to engage with the people directly on their demands, aspirations and wishes from the Union Budget in reaching towards developmental growth. “The Union Budget represents the aspirations of 130 crore Indians and lays […]

New Delhi:  The dismal economic growth has forced the government to step on the gas ahead of the Union Budget — with sources saying that it is not just North Block assigned to the Budget — but even Prime Minister Narendra Modi himself taking on an active role. Modi is meeting economists at Niti Aayog […]

Kolkata: Nobel laureate and economist Abhijit Vinayak Banerjee has suggested re-introduction of the wealth tax, and said the government should give priority to re-financing the banking sector and improve infrastructure, while lauding the NDA regime’s commitment to a host of welfare measures. “Given the amount of inequality we now have, a wealth tax is completely […]

New Delhi: Further tightening the noose on global e-commerce giants like Amazon and Walmart-owned Flipkart, the Indian government has announced mandatory TDS deduction on e-commerce transactions for the participants on the e-marketplaces. “In order to widen and deepen the tax net, it is proposed to provide that e-commerce operator shall deduct TDS on all payments […]

New Delhi: India has taken yet another step towards building a credible strategic oil reserve by extending tax breaks to the Indian Strategic Petroleum Reserves Ltd (ISPRL) on income generated while replenishing oil stock in storage facilities. The Budget proposals presented by Finance Minister Nirmala Sitharaman in Parliament on Saturday has exempted tax on any […]

Bhubaneswar: Since Independence, the country has seen a total of around 75 budgets, including interim budgets. The Union Finance Minister Nirmala Sitharaman will be presenting the 76th Union Budget on Monday. Here is a glance at the History of Union Budget In India. When rewinding to Pre-independence India, the fact emerges out is the first […]

Mumbai: Foreign portfolio investments (FPI), which have touched record highs amid the pandemic, have continued to pour into the Indian equity market post the Union Budget for FY22. Net FPI inflow into equities in the month of February has been Rs 20,593 crore, as per NSDL data. Since January, FPIs have invested over Rs 39,000 […]