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Workers stitch garments at a factory of an apparel shop in Jaipur.(REUTERS)

Indian economy to rebound with 8.9% growth in FY22: Report

New Delhi | By Press Trust of India | Posted by Shankhyaneel Sarkar
PUBLISHED ON JAN 08, 2021 06:25 PM IST
The National Statistical Organisation (NSO) on Thursday predicted that the economy will contract 7.7 per cent in the current financial year ending in March, the worst performance in four decades.
Prime Minister Narendra Modi.(ANI file)
Prime Minister Narendra Modi.(ANI file)

PM Modi increases budget to increase enrollment of children of SC: BJP’s Dushyant Gautam

New Delhi | By Asian News International| Posted by Akhilesh Nagari
UPDATED ON JAN 03, 2021 08:35 AM IST
Bharatiya Janata Party leader Dushyant Gautam said that Prime Minister Narendra Modi-led central government is working for the welfare of the poor and dalits.
The combined effect being that the economy got relegated to the sixth spot in 2020.(Ajay Aggarwal/HT PHOTO)
The combined effect being that the economy got relegated to the sixth spot in 2020.(Ajay Aggarwal/HT PHOTO)

Budget to set course for economic pick up after Covid carnage

New Delhi | By Press Trust of India| Posted by Susmita Pakrasi
PUBLISHED ON JAN 01, 2021 07:45 PM IST
An appropriate understanding based on reliable data is critical to ensure effective policy intervention, it said, adding a low base in current fiscal will make even a moderate improvement in the first couple of quarters of next financial year as decent year-on-year growth.
Finance minister Nirmala Sitharaman had announced about selling a minority stake in LIC.(Reuters)
Finance minister Nirmala Sitharaman had announced about selling a minority stake in LIC.(Reuters)

LIC’s value to be assessed by adviser: Govt

Hindustan Times, New Delhi | By Rajeev Jayaswal
PUBLISHED ON JAN 01, 2021 04:30 AM IST
Finance minister Nirmala Sitharaman had announced about selling a minority stake in the government-run insurance behemoth giant in the Budget on February 1, 2020. “The government now proposes to sell a part of its holding in LIC by way of Initial Public Offer (IPO),” she had said. LIC is 100% owned by the Union government.
Union minister for finance and corporate affairs, Nirmala Sitharaman chairing the pre-budget consultations with the experts through video conferencing in New Delhi.(ANI)
Union minister for finance and corporate affairs, Nirmala Sitharaman chairing the pre-budget consultations with the experts through video conferencing in New Delhi.(ANI)

Budget is the key instrument to push growth: Report

Hindustan Times, New Delhi | By Rajeev Jayaswal
PUBLISHED ON DEC 31, 2020 03:44 AM IST
“Given this sustained breach of the policy target, RBI is likely to maintain status quo, continuing to maintain the repo rate at 4% for the remaining part of the fiscal year although this situation may be reassessed in the next MPC meeting scheduled in February 2021 after the presentation of FY22 Union Budget,” the report said.
Mutual Fund: It’s the right time to invest in markets
Mutual Fund: It’s the right time to invest in markets

Mutual Fund: It’s the right time to invest in markets

By Partnered Feature
UPDATED ON DEC 30, 2020 10:20 AM IST
Experts highlighted the present market, which has hit an all-time high, and how investors can make use of mutual funds to get higher returns.
New Delhi, Oct 12 (ANI): Finance Minister Nirmala Sitharaman addresses during a press conference, in New Delhi on Monday. (ANI PHOTO)(ANI)
New Delhi, Oct 12 (ANI): Finance Minister Nirmala Sitharaman addresses during a press conference, in New Delhi on Monday. (ANI PHOTO)(ANI)

News updates from Hindustan Times: Nirmala Sitharaman hints at more changes to push growth in coming Budget and all the latest news

Hindustan Times, New Delhi | By hindustantimes.com
UPDATED ON NOV 24, 2020 08:54 AM IST
Here are today’s top news, analysis and opinion at 9am. Know all about the latest news and other news updates from Hindustan Times.
Over the years, the Finance Ministry has been holding pre-budget consultations in North Block with industry/commerce associations, trade bodies and experts to seek ideas for the annual budget.(Sanjeev Verma/HT PHOTO)
Over the years, the Finance Ministry has been holding pre-budget consultations in North Block with industry/commerce associations, trade bodies and experts to seek ideas for the annual budget.(Sanjeev Verma/HT PHOTO)

Finance Ministry seeks suggestions for annual budget 2021-22 on MyGov portal from Nov 15

New Delhi | By Asian News International| Posted by Susmita Pakrasi
PUBLISHED ON NOV 13, 2020 09:54 PM IST
The app will go live on November 15, 2020, and will remain open till November 30, 2020 to receive ideas for the budget, the Ministry of Finance said in an official release.
Uttar Pradesh Chief minister Adityanath may also opt for presenting a supplementary budget or a mini-poll budget later to make populist announcements.(HT FILE PHOTO)
Uttar Pradesh Chief minister Adityanath may also opt for presenting a supplementary budget or a mini-poll budget later to make populist announcements.(HT FILE PHOTO)

In UP’s last budget before polls, funds for development will be a major challenge

Hindustan Times, Lucknow | By Umesh Raghuvanshi
PUBLISHED ON SEP 29, 2020 03:37 PM IST
The state finance department has asked the administrative departments to send their proposals by November 30 while issuing broad guidelines well in advance for preparation of the state’s budget.
Ekta Kapoor shares hilarious video.
Ekta Kapoor shares hilarious video.

Ekta Kapoor shares video of foreigners watching Naagin: ‘At lowest of budgets, we manage best entertainment for mass India’

UPDATED ON AUG 23, 2020 07:10 PM IST
Foreigners can be seen watching Naagin, Saath Nibhana Saathiya in the video shared by Ekta Kapoor. Watch it here.
Prime Minister Narendra Modi during the launch of 'Transparent Taxation - Honoring The Honest' platform, via video conferencing, in New Delhi on Thursday.(PTI Photo)
Prime Minister Narendra Modi during the launch of 'Transparent Taxation - Honoring The Honest' platform, via video conferencing, in New Delhi on Thursday.(PTI Photo)

PM Modi launches country’s first taxpayers’ charter promised in the budget

Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON AUG 13, 2020 05:43 PM IST
Experts said the taxation system is still complicated and intimidating that dissuades people to voluntarily come under its net.
Andhra Pradesh Finance Minister Buggana Rajendranath offers prayers before presenting state budget 2020 - 21, in Amaravati on Tuesday.(ANI)
Andhra Pradesh Finance Minister Buggana Rajendranath offers prayers before presenting state budget 2020 - 21, in Amaravati on Tuesday.(ANI)

In Andhra Pradesh’s budget of Rs 2.24 lakh cr, a revenue deficit of Rs 18K cr

Hindustan Times, Hyderabad | By Srinivasa Rao Apparasu
UPDATED ON JUN 16, 2020 10:32 PM IST
The budget was scheduled to be presented in the last week of March but was delayed because of the lockdown to contain the spread of Covid-19.
Actor Parul Chauhan says the struggle is going to be double as actors will have to hunt for new projects
Actor Parul Chauhan says the struggle is going to be double as actors will have to hunt for new projects

Parul Chauhan: Actors will have to be mentally prepared to work in a much less budget

Hindustan Times | By Sangeeta Yadav
UPDATED ON JUN 04, 2020 03:22 PM IST
The actor says it is going to be more tough for actors, whose shows have come to an end abruptly
Nail art has undergone quite an evolution in the past decade, from the subtle square nailed French manicure to Lady Gaga claws, everything from the shape, size, length and varnish has seen quite a major change.(Youtube Screengrab)
Nail art has undergone quite an evolution in the past decade, from the subtle square nailed French manicure to Lady Gaga claws, everything from the shape, size, length and varnish has seen quite a major change.(Youtube Screengrab)

Floral, classic, glitter: More than just a manicure, nail art on budget this season

New Delhi | By Indo Asian News Service | Edited by Alfea Jamal
UPDATED ON JUN 01, 2020 04:47 PM IST
Nail art has undergone quite an evolution in the past decade, from the subtle square nailed French manicure to Lady Gaga claws, everything from the shape, size, length and varnish has seen quite a major change.
The capital budget for 2020-21 was 35% less than the requirement projected by the armed forces, a parliamentary panel pointed out.(Bloomberg)
The capital budget for 2020-21 was 35% less than the requirement projected by the armed forces, a parliamentary panel pointed out.(Bloomberg)

Budget allocation 35 percent lower than required: House panel on defence

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON MAR 14, 2020 03:36 AM IST
In a report tabled in the Lok Sabha, the Parliamentary Standing Committee on Defence pointed out that insufficient budgetary allocation would affect acquisition of latest weaponry, aircraft, ships and tanks that are required to match the modernisation of the Chinese and Pakistani militaries.
CM Uddhav Thackeray , DY CM Ajit Pawar and Shambhuraj Desai after presenting budget during the Budget assembly session at Vidhan Bhavan in Mumbai on Friday.(Anshuman Poyrekar/HT Photo)
CM Uddhav Thackeray , DY CM Ajit Pawar and Shambhuraj Desai after presenting budget during the Budget assembly session at Vidhan Bhavan in Mumbai on Friday.(Anshuman Poyrekar/HT Photo)

In Thackeray govt’s first budget, diesel, petrol prices hiked by Re 1 in Maharashtra

Hindustan Times, Mumbai | By Ketaki Ghoge, Mumbai
UPDATED ON MAR 07, 2020 09:24 AM IST
By announcing sops for farmers and unemployed youth, the Maharashtra Vikas Aghadi (MVA) government has delivered on two core promises made in its manifestos, ahead of the state Assembly polls.
HT Image
HT Image

Jai Ram presents tax-free budget in Himachal

Hindustan Times, Shimla | By HT Correspondent, Shimla
PUBLISHED ON MAR 06, 2020 10:39 PM IST
With 25 new schemes, the budget estimate is around 11% higher than what was for the 2019-20 fiscal.
Participants demonstrate asanas during a Fit India programme.(PTI)
Participants demonstrate asanas during a Fit India programme.(PTI)

Why Fit India wasn’t allocated funds in the Budget

Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON MAR 01, 2020 03:20 AM IST
A Fit India Mission executive, who requested anonymity, said several corporate entities were associated with the Fit India movement.
Yogi Adityanath government of Uttar Pradesh on Tuesday announced the formation of a state Niti Ayog and new schemes worth Rs 10,967.87 crore(HT Photo)
Yogi Adityanath government of Uttar Pradesh on Tuesday announced the formation of a state Niti Ayog and new schemes worth Rs 10,967.87 crore(HT Photo)

UP announces state Niti Aayog, Rs 10K crore for new schemes in budget

Hindustan Times, Lucknow | By Umesh Raghuvanshi
UPDATED ON FEB 19, 2020 12:08 AM IST
As this is the second last budget of the Yogi government before Uttar Pradesh heads to elections in early 2022, the budget earmarked funds for ongoing schemes to ensure their early completion besides proposing new ones for the development of infrastructure.
Senior Aam Aadmi Party (AAP) leader Manish Sisodia takes charge of his office, at Delhi Secretariat, in New Delhi.(Sanjeev Verma/HT PHOTO)
Senior Aam Aadmi Party (AAP) leader Manish Sisodia takes charge of his office, at Delhi Secretariat, in New Delhi.(Sanjeev Verma/HT PHOTO)

Delhi govt to present its budget after Holi, says deputy CM Manish Sisodia

New Delhi | By Press Trust of India
UPDATED ON FEB 17, 2020 07:24 PM IST
In a meeting with the finance department, Sisodia, who took the charge of his office on Monday, discussed issues pertaining to poll promises made by the Aam Aadmi Party in the run up to recently-concluded assembly elections and asked officials to make those provisions in the budget.
Finance Minister Nirmala Sitharaman during a meeting at NITI Aayog, in New Delhi.(PTI)
Finance Minister Nirmala Sitharaman during a meeting at NITI Aayog, in New Delhi.(PTI)

Govt willing to do more beyond Budget to boost growth: FM

New Delhi | By Press Trust of India
UPDATED ON FEB 14, 2020 04:54 PM IST
The government announced a host of steps in the Union Budget, presented on February 1 in Parliament, to expand the economic activities at a time when the country is faced with demand slowdown due to several reasons.
Copies of U.S. President Donald Trump's FY2021 budget proposal sit on display for the news media on Capitol Hill in Washington, US.(REUTERS)
Copies of U.S. President Donald Trump's FY2021 budget proposal sit on display for the news media on Capitol Hill in Washington, US.(REUTERS)

With an eye on China & Russia, Trump proposes USD 740 billion as the defence budget

Washington | By Press Trust of India
PUBLISHED ON FEB 11, 2020 11:48 AM IST
A key aspect of his defence budget proposals are a massive nuclear modernisation worth USD 28.9 billion.
West Bengal Finance Minister Amit Mitra presents the state Budget 2020-21 with chief minister Mamata Banerjee sitting behind him at the Legislative Assembly in Kolkata on Monday.(SAMIR JANA/HT PHOTO.)
West Bengal Finance Minister Amit Mitra presents the state Budget 2020-21 with chief minister Mamata Banerjee sitting behind him at the Legislative Assembly in Kolkata on Monday.(SAMIR JANA/HT PHOTO.)

Eyeing 2021 assembly polls, Bengal finance minister rolls out sops for all in Budget

Hindustan Times, Kolkata | By HT Correspondent
UPDATED ON FEB 10, 2020 07:51 PM IST
The announcements drew sharp criticism from opposition parties with the Bharatiya Janata Party (BJP) describing it as a “fairytale budget.”
West Bengal finance minister Amit Mitra on Monday presented the Trinamool Congress’ last full Budget before the 2021 assembly polls in the state.(ANI PHOTO.)
West Bengal finance minister Amit Mitra on Monday presented the Trinamool Congress’ last full Budget before the 2021 assembly polls in the state.(ANI PHOTO.)

Bengal finance minister showers sops for all in pre-poll budget

Hindustan Times, Kolkata | By HT Correspondent
UPDATED ON FEB 10, 2020 04:05 PM IST
Mitra also announced Rs 500 crore for setting up permanent houses for permanent workers of tea gardens in North Bengal.
Significant among the changes is the inclusion of massage parlours and agencies that run domestics help services under section 31 of the Bill, which lists the offences and penalties(HT File Photo)
Significant among the changes is the inclusion of massage parlours and agencies that run domestics help services under section 31 of the Bill, which lists the offences and penalties(HT File Photo)

Massage parlours, child sex abuse imagery may come under anti-trafficking bill

Hindustan Times, New Delhi | By Amrita Madhukalya
UPDATED ON FEB 09, 2020 04:08 AM IST
The Trafficking of Persons (Prevention, Protection and Rehabilitation) Bill, which was passed by the Lok Sabha in July 2018 during the last government’s tenure and then lapsed, has been amended to introduce these changes.
Rather than giving direct benefits to residential real-estate as a whole, the finance minister laid more focus on alternative segments within real estate such as warehousing, data centres, schools and hospitality market.(Istock)
Rather than giving direct benefits to residential real-estate as a whole, the finance minister laid more focus on alternative segments within real estate such as warehousing, data centres, schools and hospitality market.(Istock)

Budgeting for the long run

Hindustan Times | By Aishwarya Iyer
PUBLISHED ON FEB 08, 2020 07:45 PM IST
No measures to boost liquidity or demand but those around the infrastructure and taxation may benefit the sector
The Union Budget’s announcements on personal taxation were novel and urge you, as an investor, to recalibrate your investment strategy.(Bajaj Finserv)
The Union Budget’s announcements on personal taxation were novel and urge you, as an investor, to recalibrate your investment strategy.(Bajaj Finserv)

Why now is the right time to invest in FD

UPDATED ON FEB 06, 2020 07:14 PM IST
While the government has kept interest rates unchanged for small savings schemes for the fourth quarter of FY20, it may be a smarter choice to invest in fixed deposits, offering lucrative interest rates.
Under the existing provisions, the contribution by the employer to a recognised provident fund exceeding 12 % of salary is taxable
Under the existing provisions, the contribution by the employer to a recognised provident fund exceeding 12 % of salary is taxable

Limit on tax-free employer contribution to retirement funds to impact those with salary above 60 lakh

New Delhi | By Press Trust of India
UPDATED ON FEB 03, 2020 09:28 PM IST
Ajay Bhushan Pandey said if there is no limit, it will allow structuring of the salary into various components to lower the tax outgo.Under the existing provisions, the contribution by the employer to a recognised provident fund exceeding 12 % of salary is taxable
While the government has taken a number of steps in recent months to spur growth, they’ve fallen short of boosting demand in the consumption-driven economy. Growth is set to slow to 5% this fiscal year, the weakest performance in more than a decade.(REUTERS)
While the government has taken a number of steps in recent months to spur growth, they’ve fallen short of boosting demand in the consumption-driven economy. Growth is set to slow to 5% this fiscal year, the weakest performance in more than a decade.(REUTERS)

As budget falls short, RBI governor may focus on US-style operation twist

Bloomberg | By Anirban Nag
UPDATED ON FEB 03, 2020 11:15 AM IST
The burden of recovery now falls solely on the Reserve Bank of India. With inflation breaching RBI’s target at present, any rate cuts by the central bank are likely to be delayed and contingent upon inflation falling below the upper end of its 2%-6% target range.
People watching sensex update outside BSE in Mumbai, February 1, 2020(Anshuman Poyrekar/HT Photo)
People watching sensex update outside BSE in Mumbai, February 1, 2020(Anshuman Poyrekar/HT Photo)

Budget 2020: Tactics over strategy

By Suyash Rai
PUBLISHED ON FEB 02, 2020 07:43 PM IST
There are questions about fiscal deficit, tax reforms and expenditure management
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