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Rajya Sabha Chairman M Venkaiah Naidu conducts proceedings of the House.(Represrntative Photo/PTI)

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.
Prime Minister Narender Modi at an election campaign rally for the Delhi Assembly at CBD Ground in Karkardooma in New Delhi.(Raj K Raj/HT PHOTO)
Prime Minister Narender Modi at an election campaign rally for the Delhi Assembly at CBD Ground in Karkardooma in New Delhi.(Raj K Raj/HT PHOTO)

Union Budget 2020-21 won’t drag Indian economy out of its worst slowdown, say economists

Reuters | By Reuters
UPDATED ON SEP 07, 2020 04:31 PM IST
Economists and industry leaders said the budget proposals would provide some support to growth over the longer term but were insufficient to give it an immediate boost.
Congress MP Rahul Gandhi arrives to attend the Parliament Budget Session 2020-21, in New Delhi on Saturday.(Sonu Mehta/HT Photo)
Congress MP Rahul Gandhi arrives to attend the Parliament Budget Session 2020-21, in New Delhi on Saturday.(Sonu Mehta/HT Photo)

‘Don’t be scared of my questions’: Rahul Gandhi jabs govt over unemployment

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON FEB 03, 2020 12:57 PM IST
The former Congress president had attacked the Union Budget saying that there was no strategic idea or anything concrete in it.
Market benchmark Sensex dropped over 150 points in morning session on Monday(Anshuman Poyrekar/HT Photo)
Market benchmark Sensex dropped over 150 points in morning session on Monday(Anshuman Poyrekar/HT Photo)

Sensex drops over 150 points; Nifty below 11,700

Mumbai | By Press Trust of India
UPDATED ON FEB 03, 2020 10:26 AM IST
After swinging over 300 points in early session, the 30-share BSE index was trading 125.45 points or 0.32 per cent lower at 39,610.08, and the broader NSE slipped 21.30 points, or 0.18 per cent, to 11,640.55.
The rupee opened on a weak note and declined by 34 paise to 71.66 against the US dollar in opening trade on Monday,(Getty Images/iStockphoto)
The rupee opened on a weak note and declined by 34 paise to 71.66 against the US dollar in opening trade on Monday,(Getty Images/iStockphoto)

Rupee slips 34 paise to 71.66 against US dollar in early trade

Mumbai | By Press Trust of India
UPDATED ON FEB 03, 2020 10:22 AM IST
Finance Minister Nirmala Sitharaman in her Budget 2020 speech pegged the country’s fiscal deficit at 3.8 per cent for the current fiscal, compared to the earlier target of 3.3 per cent of GDP.
Revenue Secretary Ajay Bhushan Pandey(PTI)
Revenue Secretary Ajay Bhushan Pandey(PTI)

‘Purpose behind tax move is to offer a simplified system’: Revenue Secretary

Hindustan Times, New Delhi | By Shishir Gupta and Rajeev Jayaswal
UPDATED ON FEB 03, 2020 12:43 AM IST
The purpose of the proposal is to offer an option of a simplified system, particularly to those who are not availing many exemptions, revenue secretary Ajay Bhushan Pandey said in an interview with Hindustan Times.
HT Image
HT Image

Sukhbir’s praise for Union Budget a case of sycophancy: Amarinder

Hindustan Times, Chandigarh | By HT Correspondent, Chandigarh
PUBLISHED ON FEB 02, 2020 10:32 PM IST
HT Image
HT Image

Modi govt’s ‘anti-Punjab’ face exposed, says Jakhar

Hindustan Times, Chandigarh | By HT Correspondent, Chandigarh
PUBLISHED ON FEB 02, 2020 10:30 PM IST
Union finance minister Nirmala Sitharaman in New Delhi, February 1, 2020(PTI)
Union finance minister Nirmala Sitharaman in New Delhi, February 1, 2020(PTI)

Climate crisis: Budget makes the right moves

Hindustan Times | By HT Correspondent
UPDATED ON FEB 02, 2020 07:40 PM IST
The government’s push to reduce the consumption of fossil fuels is welcome
Union finance minister Nirmala Sitharaman also announced a Krishi Udan Yojana to be launched by the ministry of civil aviation on international and national routes in Budget 2020-21.(Reuters File)
Union finance minister Nirmala Sitharaman also announced a Krishi Udan Yojana to be launched by the ministry of civil aviation on international and national routes in Budget 2020-21.(Reuters File)

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.
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.(Parveen Kumar / HT Photo)
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.(Parveen Kumar / HT Photo)

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.
Union finance minister Nirmala Sitharaman at a press conference after presenting Union Budget 2020-21, New Delhi, Feb 1, 2020.(Mohd Zakir / HT Photo)
Union finance minister Nirmala Sitharaman at a press conference after presenting Union Budget 2020-21, New Delhi, Feb 1, 2020.(Mohd Zakir / HT Photo)

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.
One of the proposals of the union budget presented on Saturday is to do away with tax exemptions that election commissioners enjoy.
One of the proposals of the union budget presented on Saturday is to do away with tax exemptions that election commissioners enjoy.

Exemptions for UPSC staff, poll chiefs to go

Hindustan Times, New Delhi | By Sunetra Choudhury andSmriti Kak Ramachandran
UPDATED ON FEB 02, 2020 07:02 AM IST
The budget says that these exemptions should be done away with by April 2021 for not just Election Commission members but also members of the Union Public Service Commission (UPSC).
Union finance minister Nirmala Sitharaman announced an allocation of ~9,000 crore for the welfare of senior citizens.(HT Photo)
Union finance minister Nirmala Sitharaman announced an allocation of ~9,000 crore for the welfare of senior citizens.(HT Photo)

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

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON FEB 02, 2020 12:42 PM IST
Divyang is a term that means a person with a divine body and was suggested by Prime Minister Narendra Modi for describing people with disabilities.
Nutrition remains the focus of the WCD ministry’s budget allocation, with the ICDS getting ₹28557.38 crore. It marks a marginal increase of 3.5% from ₹27584.37 last year. (Representative Image)(Getty Images/iStockphoto)
Nutrition remains the focus of the WCD ministry’s budget allocation, with the ICDS getting ₹28557.38 crore. It marks a marginal increase of 3.5% from ₹27584.37 last year. (Representative Image)(Getty Images/iStockphoto)

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

Hindustan Times, New Delhi | By Amrita Madhukalya
PUBLISHED ON FEB 02, 2020 06:13 AM IST
In her budget speech, Sitharaman announced a new task force, which will recommend in six months policy prescriptions to lower India’s maternal mortality rate.
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%.(Reuters (Representative Image))
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%.(Reuters (Representative Image))

Govt proposes to slash import duty on newsprint to 5%

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON FEB 02, 2020 06:03 AM IST
Addressing the Lok Sabha while presenting her second Union Budget, Sitharaman said she had received references saying that the levy on newsprint has put additional burden on the print media at a time when it is going through a difficult phase.
Union Finance Minister Nirmala Sitharaman, holding a folder containing the Union Budget documents, poses for photographers along with her deputy Anurag Thakur.(PTI Photo)
Union Finance Minister Nirmala Sitharaman, holding a folder containing the Union Budget documents, poses for photographers along with her deputy Anurag Thakur.(PTI Photo)

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

RSS affiliates hail budget, welcome agriculture plan

Hindustan Times, New Delhi | By Smriti Kak Ramachandran
PUBLISHED ON FEB 02, 2020 02:31 AM IST
It also welcomed raising of turnover threshold for audit from Rs 1 crore to Rs 5 crore.
People watch Sensex update outside BSE in Mumbai on Saturday.(Anshuman Poyrekar/HT Photo)
People watch Sensex update outside BSE in Mumbai on Saturday.(Anshuman Poyrekar/HT Photo)

Budget 2020: New slabs offer tax cut, but without exemptions

Live Mint | By Gireesh Chandra Prasad
UPDATED ON FEB 02, 2020 01:02 AM IST
In line with the proposed new simplified personal income tax regime, the tax rate on income in the range of 5-7.5 lakh per year will be halved to 10%.
Finance minister Nirmala Sitharaman, while presenting the union budget for 2020-21 in Parliament on Saturday, said the 15th Finance Commission has given its first report for 2020-21.(ANI Photo)
Finance minister Nirmala Sitharaman, while presenting the union budget for 2020-21 in Parliament on Saturday, said the 15th Finance Commission has given its first report for 2020-21.(ANI Photo)

Budget 2020: Tax devolution to states unchanged

Hindustan Times, New Delhi | By Rajeev Jayaswal
PUBLISHED ON FEB 02, 2020 12:52 AM IST
The 14th Finance Commission had recommended a 42% share for states in the divisible pool of taxes.
Union budget was presented by Finance minister Nirmala Sitharaman on Saturday.
Union budget was presented by Finance minister Nirmala Sitharaman on Saturday.

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.
Maharashtra Chief Minister Uddhav Thackeray(Sunny Shende / HT Photo)
Maharashtra Chief Minister Uddhav Thackeray(Sunny Shende / HT Photo)

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

Hindustan Times, Mumbai | By Surendra P Gangan
UPDATED ON FEB 02, 2020 07:04 AM IST
Maharashtra, which is currently under a non-BJP regime, was not allocated any big-ticket project in the infrastructure or social sectors in the Union Budget, apart from funds for the ongoing Mumbai-Delhi Expressway and Mumbai-Ahmedabad bullet train projects.
A distress-ridden rural and informal sector has the potential of triggering a contagion in the formal economy as well(Ajay Aggarwal/HT PHOTO)
A distress-ridden rural and informal sector has the potential of triggering a contagion in the formal economy as well(Ajay Aggarwal/HT PHOTO)

What the Union Budget did not say | Opinion

Hindustan Times | By Roshan Kishore
UPDATED ON SEP 06, 2020 05:36 PM IST
The focus should have been on rejuvenating the informal economy, not the vision of formalisation
On February 1, the finance minister stood up in Parliament to give the nation a three-hour lecture on India’s prosperity in the “Sindhu Saraswati” civilisation(PTI)
On February 1, the finance minister stood up in Parliament to give the nation a three-hour lecture on India’s prosperity in the “Sindhu Saraswati” civilisation(PTI)

The budget is insipid. It won’t revive the economy | Opinion

By Praveen Chakravarty
PUBLISHED ON FEB 01, 2020 10:19 PM IST
It did not have a bold demand stimulus, a public investment stimulus or any supply-side stimulus
The budget also addresses the issue of tax harassment(Ajay Aggarwal/HT PHOTO)
The budget also addresses the issue of tax harassment(Ajay Aggarwal/HT PHOTO)

The multi-pronged reforms in Union Budget 2020, writes Kumar Mangalam Birla

By Kumar Mangalam Birla
UPDATED ON FEB 01, 2020 10:26 PM IST
The focus on agriculture, an infrastructure push, a boost to the corporate sector, tax cuts, disinvestment are positive steps
For an FM to admit that nominal growth in 2020-21 would likely be 10% is a clear admission that there are headwinds to growth(PTI)
For an FM to admit that nominal growth in 2020-21 would likely be 10% is a clear admission that there are headwinds to growth(PTI)

Decoding Budget 2020 | HT Editorial

Hindustan Times | By HT Correspondent
UPDATED ON FEB 01, 2020 10:20 PM IST
Transparency on data, effort to boost growth, and tax cuts are welcome. But will it be enough?
The direction in which the economy goes will depend on the reforms that follow this budget(Ajay Aggarwal/HT PHOTO)
The direction in which the economy goes will depend on the reforms that follow this budget(Ajay Aggarwal/HT PHOTO)

Given existing constraints, the FM did her best. Now, continue to push reforms over the year

By Ila Patnaik
PUBLISHED ON FEB 01, 2020 10:16 PM IST
The FM has been transparent about the fiscal deficit. The effort to improve the credibility of numbers is welcome
Overall, this is a brave and balanced budget that will boost investors’ sentiments and restore the economic growth momentum(PTI)
Overall, this is a brave and balanced budget that will boost investors’ sentiments and restore the economic growth momentum(PTI)

The budget is brave. It will boost sentiment, growth | Opinion

By Rajiv Kumar
UPDATED ON FEB 02, 2020 12:08 PM IST
It strikes a fine balance in giving investment a push, while remaining fiscally prudent. The markets will recognise it
Union Finance Minister Nirmala Sitharaman arrives at Parliament to present the Union Budget 2020-21 in the Lok Sabha, in New Delhi on Saturday.(Photo: PTI)
Union Finance Minister Nirmala Sitharaman arrives at Parliament to present the Union Budget 2020-21 in the Lok Sabha, in New Delhi on Saturday.(Photo: PTI)

In 15 stories, Union Budget 2020-21 summarised for you

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON FEB 01, 2020 08:13 PM IST
Here’s a round-up of Hindustan Times coverage of the Union Budget 2020-21 summarised in 15 stories curated for you.
The biggest relief, perhaps, has come in the form of a set of new income tax slabs, applicable to those who forego certain exemptions and deductions.
The biggest relief, perhaps, has come in the form of a set of new income tax slabs, applicable to those who forego certain exemptions and deductions.

How Budget 2020 affects your FD and savings?

UPDATED ON FEB 01, 2020 08:24 PM IST
Get an inside look into how the Budget 2020 can affect your financial future and what you need to be ready
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