budget 2020 news

Budget 2025 calls for ‘active private partnership’ in guarded nuclear sector

Budget 2025: Development of at least 100 GW of nuclear energy by 2047 is essential for our energy transition efforts, finance minister Sitharaman said.

Union Budget 2024: EV industry seeks incentives and tax rationalisation

India's EV industry looks for FAME-III, fund allocation for charging infrastructure, incentives for localising components, and reduction of GST on EVs.

Budget about faith, disinvestment not equal to selling family silver: FM

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

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

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

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

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

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

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

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

Why successive budgets seem to have neglected higher education

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

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

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

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

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

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

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

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

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

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

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?

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

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

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

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

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

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

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 ₹72,938 crore at the end of November.

Budget 2020: Focus on better medical care, boost to education

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 ₹6,429 crore for 2020-21.