Economy Sector

Nirmala Sitharaman tried to please everyone and ended up satisfying none; Budget 2020 is a lost opportunity

Nirmala Sitharaman's careful grafting and granular approach gave the impression of a government still relying on cautious optimism and refusing to acknowledge the extent and nature of the slowdown that has pushed Indian economy to the brink of a stagflation

Pipeline or pipe dream? Nirmala Sitharaman's Public-Private Partnership talk in Union Budget 2020-21 needs a big reality check

When the hype ebbs on the longest Indian budget speech at 160 minutes, questions remain on both quantitative numbers and the administrative detail of the qualitative plans outlined

Budget 2020: Fiscal deficit target raised to 3.8% from 3.3% for FY20 on revenue shortfall; banks on escape clause to overcome FRBM Act

The government has utilised 'escape clause' under the Fiscal Responsibility and Budget Management (FRBM) Act which provides it leeway for relaxation of fiscal deficit roadmap during time of stress.

Budget 2020: Govt raises turnover threshold for audit of MSME accounts to Rs 5 cr; move aims to facilitate sector's growth

The finance minister said a scheme will be introduced to provide subordinate debt to MSME entrepreneurs.

Economic Survey 2019-20 highlights: GDP growth to rebound in FY21, share of formal employment rises; 2.62 cr new jobs created

India's economic growth is expected to "strongly rebound" to 6-6.5 percent in 2020-21 from 5 percent estimated in the current fiscal, the Economic Survey said on Friday, adding that the government with a strong mandate has the capacity to expedite reforms

Nirmala Sitharaman to present Budget 2020 tomorrow: From preparation to presentation and tweaks in age-old practices; all you need to know

According to Article 112 of the Constitution of India, the Union Budget of a year is the annual financial statement of the estimated receipts and expenditure of the Central government for that particular financial year.

Budget 2020: From safety issues to tax incentives for entrepreneurship, women expect friendly financial sops from Nirmala Sitharaman

With a woman Finance Minister at the helm of Union Budget 2020, expectations for women-friendly schemes are quite high

Budget 2020: Will govt be brave enough to walk the extra mile, turn tables and spark a rebound in economic growth?

The Indian economy is going through a sustained slowdown with growth slowing for over five quarters now, marking this the longest slowdown in the country since liberalisation

Budget 2020: Unless govt is firm about its basic economic ideology, it will continue to make ad-hoc, ill-planned changes in name of policy

In today’s dynamic world, it may be appropriate to adopt quarterly budget announcements in line with the publicly affirmed economic ideology instead of policymaking through frequent press releases.

Budget 2020: Govt likely to raise spending on infrastructure, cut personal tax to revive economic growth

Sitharaman is expected to announce a plan in the budget to invest Rs 105 lakh crore ($1.48 trillion) in infrastructure over the next five years.