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budget 2020
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Budget about faith, disinvestment not equal to selling family silver: FM
By hindustantimes.com | Edited by Amit Chaturvedi
UPDATED ON FEB 07, 2021 02:44 PM IST
Talking about the coronavirus disease (Covid-19) pandemic, Nirmala Sitharaman said that India found a way to survive "even when developed countries are struggling".
Full speech text: Prez Kovind's address to Parliament as Budget session starts
By hindustantimes.com
UPDATED ON JAN 29, 2021 01:30 PM IST
India is holding its Budget session in the Parliament starting today. Finance minister Nirmala Sitharaman will present the country's Union budget on February 1.
From 'insult to National Flag' to farm laws: 10 quotes of Ram Nath Kovind
By hindustantimes.com | Edited by Poulomi Ghosh
UPDATED ON JAN 29, 2021 12:08 PM IST
The Constitution that provides us Freedom of Expression, is the same Constitution that teaches us that law and rules have to be followed seriously, the President said.
State finance minister’s job an unenviable one
Hindustan Times, New Delhi | By Roshan Kishore
UPDATED ON FEB 17, 2020 09:31 AM IST
In this year’s Budget, the Revised Estimate (RE) figure for 2019-20 under this head is Rs 6.6 lakh crore, only 77% of the promise made in the Interim Budget.
Tax department to settle all legacy disputes without overreach
Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON FEB 16, 2020 05:11 AM IST
Under the Vivad se Vishwas scheme, announced by FM Nirmala Sitharamn in the Union Budget presented on Feb 1, penalty and interest will be waived if the disputed amount is paid before March 31, 2020.
Rajya Sabha drops Question Hour, Zero Hour to give more time to budget discussion
Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON FEB 10, 2020 11:40 AM IST
An official said that government and Opposition have reached an agreement to skip the Question Hour and Zero Hour - which take place from 11 am to 1 pm.
‘It was needed’: Finance Minister Nirmala Sitharaman on her ‘lengthy’ Budget speech
Chennai | By Press Trust of India
UPDATED ON FEB 08, 2020 10:47 PM IST
Pointing to elaborate pre-budget consultations with stakeholders and efforts to fulfil the aspirations of every sector, Union finance minister Nirmala Sitharaman said she had a need to speak for such a duration and it became “inevitable.”
The budget’s stab at trickle-down economics
Livemint | By Girish Shahane
UPDATED ON FEB 07, 2020 01:11 PM IST
The overall philosophy manifested by Nirmala Sitharaman’s interminable budget speech was to leave ill alone
‘Ram Janmabhoomi issue would have remained unsolved if...’: PM jabs Congress
Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON SEP 09, 2020 04:48 PM IST
Why successive budgets seem to have neglected higher education
By Girish Shahne
PUBLISHED ON FEB 05, 2020 04:09 PM IST
As the Centre curtails provisions, universities have sought to bolster other sources of income. A sharp increase in room rents and mess charges in late October sparked an agitation in Delhi’s Jawaharlal Nehru University (JNU) which culminated in a ghastly attack on the campus by masked activists on 5 January.
Insurance cover on bank deposits raised from Rs 1 lakh to Rs 5 lakh from Tuesday
New Delhi | By Press Trust of India
UPDATED ON FEB 04, 2020 09:54 PM IST
Finance Minister Nirmala Sitharaman had made the announcement regarding increasing insurance cover to Rs 5 lakh in her Budget Speech on Feb 1.
4 dozen exemptions still available in new income tax structure
Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON FEB 04, 2020 05:30 AM IST
The list of exemptions that will be carried over to the new scheme includes 50 items from the close to 120 exemptions available to those who pay tax through the old system.
ESOP tax breather among start-up incentives
Livemint, Bengaluru | By Salman SH
UPDATED ON FEB 02, 2020 02:05 PM IST
At present, employees typically pay tax when they exercise their options and when they finally sell their shares. ESOPs serve as an important compensation tool for them, particularly in fast-growing startups, whose valuations multiply at a fast rate
Credit guarantee for HFCs, NBFCs proposed in Budget 2020
Livemint | By Gopika Gopakumar
PUBLISHED ON FEB 02, 2020 01:57 PM IST
In Budget 2020-21,finance minister Nirmala Sitharaman has proposed an expansion of the existing partial credit guarantee scheme, first announced last year, to cover securities issued by NBFCs and housing finance companies (HFCs).
Budget 2020: Insurance cover on bank deposits to go up to Rs 5 lakh
Livemint | By Tinesh Bhasin
UPDATED ON FEB 02, 2020 01:44 PM IST
The present Rs 1 lakh deposit insurance covers 90% of the total savings accounts. According to the SBI report, an insurance of Rs 2 lakh would cover 70% of the term deposits.
Quantum computing research gets Rs 8,000-crore push in Budget 2020
Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON FEB 02, 2020 01:31 PM IST
The announcements were part of a plan meant to encourage a “new economy” that made use of technology such as artificial intelligence, Internet-of-Things, and data analytics.
Union Budget proposes 100 new airports by 2024
Hindustan Times, New Delhi | By Anisha Dutta
UPDATED ON FEB 02, 2020 01:16 PM IST
The government’s Udan scheme is aimed at making air travel affordable, improving regional connectivity and developing regional airports.
News updates from Hindustan Times: 128 Indians test negative as scientists hunt for coronavirus medicine and all the latest news at this hour
Hindustan Times | By HT Correspondent
UPDATED ON FEB 02, 2020 01:01 PM IST
Here are today’s top news, analysis and opinion at 1PM. Know all about the latest news and other news updates from Hindustan Times.
Developers unhappy with Union Budget 2020, say no major steps for real estate sector
Livemint | By Bidya Sapam
UPDATED ON FEB 02, 2020 11:58 AM IST
In the Budget 2020-21 presented by finance minister Nirmala Sitharaman, the government has retained its focus on affordable housing but did not make any specific announcement to revive housing.
‘Vivad se Vishwas’: New scheme announced in Budget 2020 to reduce tax litigations
Hindustan Times, New Delhi | By HT Correspondent
PUBLISHED ON FEB 02, 2020 09:14 AM IST
Under the proposed “Vivad Se Vishwas” scheme, a taxpayer would be required to pay only the amount of the disputed taxes and will get complete waiver of interest and penalty provided he pays by 31st March, 2020.
10% TDS on capital gains in mutual funds?
Livemint, Mumbai | By Neil Borate
UPDATED ON FEB 02, 2020 08:40 AM IST
Currently, TDS is deducted for NRI investors in mutual funds but not resident individuals. The latter have to calculate and pay tax on the basis of self-assessment.
Union Budget 2020: Government proposes tax on all non-tax paying NRIs
By Remya Nair
UPDATED ON FEB 02, 2020 11:35 AM IST
The move is likely to generate widespread opposition from the diaspora, which the government has so far aggressively wooed.
Budget 2020: Govt looks to monetise 12 highway bundles of over 6,000km in 5 years, says Nirmala Sitharaman
Hindustan Times, New Delhi | By Anisha Dutta
PUBLISHED ON FEB 02, 2020 08:05 AM IST
In her budget speech, Nirmala Sitharaman said the FASTag mechanism aimed at reducing congestion along toll plazas at national highways and increasing digital transactions “encourages us towards greater commercialisation of our highways so that NHAI can raise more resources.”
Budget didn’t address real issues, says Opposition
Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON FEB 02, 2020 04:52 AM IST
Former finance minister P Chidambaram said the government “does not believe” in reforms and certainly not in structural reforms as finance minister Nirmala Sitharaman had outright rejected every reform idea in the economic survey.
Budget 2020: More funds allotted to fight climate crisis
Hindustan Times, New Delhi | By Jayashree Nandi
UPDATED ON FEB 02, 2020 07:13 AM IST
During her budget speech in Parliament on Saturday, Union finance minister Nirmala Sitharaman said that the country’s commitments will be executed in various sectors “by the departments/ministries concerned through the normal budgeting process”.
Taxpayers mature, can save or spend, says finance minister Nirmala Sitharaman
New Delhi | By R Sukumar, Anil Padmanabhan and Ajay Mishra
UPDATED ON FEB 02, 2020 06:16 AM IST
The government’s budget for the 2020-21 financial year was presented by Union finance minister Niramala Sitharaman.
Bring in prepaid smart meters in three years: Govt to states and UTs
Live Mint | By Utpal Bhaskar
PUBLISHED ON FEB 02, 2020 02:35 AM IST
India’s average aggregate technical and commercial (AT&C) losses are at 21.4%, pushing up the dues of discoms to power generating companies to Rs 72,938 crore at the end of November.
Budget 2020: Focus on better medical care, boost to education
Hindustan Times, New Delhi | By Rhythma Kaul
PUBLISHED ON FEB 02, 2020 02:26 AM IST
Although there was no budgetary increase for the Narendra Modi government’s flagship health insurance scheme, Ayushman Bharat-Pradhan Mantri Jan Arogya Yojna (AB-PMJAY), it got the biggest share of the health allocation, receiving Rs 6,429 crore for 2020-21.
Budget 2020: Taxpayers’ charter to help stop harassment at hands of officials
Live Mint | By Gireesh Chandra Prasad
UPDATED ON FEB 02, 2020 01:19 AM IST
Steps will be taken to remove criminal liability for offences under the Income Tax Act, which are civil in nature, Finance minister Nirmala Sitharaman said in her Budget speech.
Budget 2020: Micro gamble for macro gain
Hindustan Times, New Delhi | By Roshan Kishore
UPDATED ON FEB 02, 2020 03:31 AM IST
Finance minister Nirmala Sitharaman described the budget as a “Jan Jan Ka Budget”, or a budget for everyone, as did Prime Minister Narendra Modi.