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Budget News

PAGE 26

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

Finance Minister Nirmala Sitharaman during a meeting at NITI Aayog, in New Delhi.

Updated on Feb 14, 2020, 4:54 PM IST

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

Copies of U.S. President Donald Trump's FY2021 budget proposal sit on display for the news media on Capitol Hill in Washington, US.

Published on Feb 11, 2020, 11:48 AM IST

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

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.

Updated on Feb 10, 2020, 7:51 PM IST

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

West Bengal finance minister Amit Mitra on Monday presented the Trinamool Congress’ last full Budget before the 2021 assembly polls in the state.

Updated on Feb 10, 2020, 4:05 PM IST

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

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

Updated on Feb 9, 2020, 4:08 AM IST

Budgeting for the long run

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.

Published on Feb 8, 2020, 7:45 PM IST

Why now is the right time to invest in FD

The Union Budget’s announcements on personal taxation were novel and urge you, as an investor, to recalibrate your investment strategy.

Updated on Feb 6, 2020, 7:14 PM IST

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

Under the existing provisions, the contribution by the employer to a recognised provident fund exceeding 12 % of salary is taxable

Updated on Feb 3, 2020, 9:28 PM IST

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

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.

Updated on Feb 3, 2020, 11:15 AM IST

Budget 2020: Tactics over strategy

People watching sensex update outside BSE in Mumbai, February 1, 2020

Published on Feb 2, 2020, 7:43 PM IST

Climate crisis: Budget makes the right moves

Union finance minister Nirmala Sitharaman in New Delhi, February 1, 2020

Updated on Feb 2, 2020, 7:40 PM IST

Indian budget will attract more FDI, say US industry leaders

Nirmala Sitharaman said the Budget was aimed at boosting incomes and enhancing purchasing power, stressing that the economy’s fundamentals were strong and inflation was well contained.

Published on Feb 2, 2020, 2:02 PM IST

Credit guarantee for HFCs, NBFCs proposed in Budget 2020

The finance minister has also relaxed the eligibility of NBFCs for debt recovery.

Published on Feb 2, 2020, 1:57 PM IST

Budget 2020: Insurance cover on bank deposits to go up to Rs 5 lakh

Ever since the crisis broke out at the Punjab and Maharashtra Co-operative (PMC) Bank, there have been demands to raise the insurance cover on deposits.

Updated on Feb 2, 2020, 1:44 PM IST

Quantum computing research gets Rs 8,000-crore push in Budget 2020

According to experts, Saturday’s announcement was significant for its focus on quantum computing.

Updated on Feb 2, 2020, 1:31 PM IST

Budget 2020: Setting up hospitals, medical colleges on PPP model welcomed

Finance Minister Nirmala Sitharaman.

Published on Feb 2, 2020, 12:33 PM IST

Developers unhappy with Union Budget 2020, say no major steps for real estate sector

Last year saw several realty-focused steps from the government, the key being the Rs 25,000 crore alternate investment fund for last-mile funding of stalled housing projects.

Updated on Feb 2, 2020, 11:58 AM IST

‘Vivad se Vishwas’: New scheme announced in Budget 2020 to reduce tax litigations

Experts said the effectiveness of the scheme depends on the details that would be notified by the Central Board of Direct Taxes (CBDT) soon.

Published on Feb 2, 2020, 9:14 AM IST

Union Budget 2020-21: Govt proposes to set up Indian Institute of Heritage and Conservation

Finance Minister Nirmala Sitharaman.

Updated on Feb 2, 2020, 9:34 AM IST

Budget 2020: Govt looks to monetise 12 highway bundles of over 6,000km in 5 years, says Nirmala Sitharaman

The Bharatmala Pariyojana, an umbrella project launched in 2017 and hailed as India’s biggest highways development plan, involves a total of around 24,800 km for construction in Phase 1.

Published on Feb 2, 2020, 8:05 AM IST

Smokers to shell out more as govt proposes increased excise duty on cigarette

Industry group Tobacco Institute of India (TII) said that illegal cigarettes have grown consistently in the country and now account for 1/4th of the Indian cigarette market.

Updated on Feb 2, 2020, 7:14 AM IST

Budget 2020: ₹9K-cr allocated for senior citizens

Union finance minister Nirmala Sitharaman announced an allocation of ~9,000 crore for the welfare of senior citizens.

Updated on Feb 2, 2020, 12:42 PM IST

Budget 2020: Nutrition scheme gets a ₹3.7k-cr fillip

Nutrition remains the focus of the WCD ministry’s budget allocation, with the ICDS getting <span class='webrupee'>₹</span>28557.38 crore. It marks a marginal increase of 3.5% from <span class='webrupee'>₹</span>27584.37 last year. (Representative Image)

Published on Feb 2, 2020, 6:13 AM IST

Govt proposes to slash import duty on newsprint to 5%

Union finance minister Nirmala Sitharaman announced on Saturday a reduction in basic customs duty on imports of newsprint and lightweight coated paper from 10% to 5%.

Updated on Feb 2, 2020, 6:03 AM IST

Budget 2020: More funds allotted to fight climate crisis

The budget has proposed to provide ₹22,000 crore to power and renewable energy sector.

Updated on Feb 2, 2020, 7:13 AM IST

RSS affiliates hail budget, welcome agriculture plan

The affiliates of ruling BJP’s ideological fountainhead, Rashtriya Swayamsevak Sangh (RSS), have welcomed the Union budget.

Published on Feb 2, 2020, 2:31 AM IST

Budget 2020: Subsidy cuts outweigh access to farm credit

Minister of Finance Nirmala Sitharaman seen holding the bahi khata along with Minister of State in the Ministry of Finance Anurag Thakur.

Published on Feb 2, 2020, 2:19 AM IST

‘Budget 2020 one of vision and action, will boost jobs’: PM Modi

Prime Minister Narendra Modi hailed the decade’s first Union budget.

Published on Feb 2, 2020, 1:32 AM IST

Budget 2020: Micro gamble for macro gain

Union budget was presented by Finance minister Nirmala Sitharaman on Saturday.

Updated on Feb 2, 2020, 3:31 AM IST

Chief minister Uddhav Thackeray slams Centre on Budget, says Maharashtra, Mumbai ‘neglected’

Maharashtra Chief Minister Uddhav Thackeray

Updated on Feb 2, 2020, 7:04 AM IST

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