Budget 2020: Nirmala Sitharaman's fiscal math seems to have put worst behind; economy set to rebound with proposals announced
The Budget brought more clarity on the fiscal deficit side by pegging the deficit figures at 3.8% of the GDP for FY 2019-20 and 3.5% for FY 2020-21, showing a deviation of 0.5% from the fiscal glide path.
Budget 2020-21: Revenue projections unrealistic, quality of spending worrying in Nirmala Sitharaman's fiscal roadmap
In 2018-19, gross tax revenue was estimated at Rs 22.7 lakh crore; the actual collections were Rs 20.8 lakh crore – 9 percent less.
There are measures announced in the Budget which help to facilitate business, especially SMEs which is useful
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.
Budget 2020: Sectors across industry share wishlist from tax rebates, incentives for digital payments to lowering of GST slabs
This Union Budget is highly important for further amplification of innovation in the sector and potential of each budding entrepreneur in the country
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: 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.
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: Policy relaxations and incentives will whip up investors’ appetite, help govt fast-track to clock $5 trillion mark
The next proposal that may top FM’s Budget speech must be the disinvestment in strategic PSUs and outright privatization of loss-making PSUs.
Capex injects funds directly into the spending stream and is hence superior to even direct cash transfers where the action of the beneficiary can never be guessed accurately
Ahead of budget, RBI Governor Shaktikanta Das underlines need for more structural reforms to revive growth
With just a week left for the budget, Reserve Bank Governor Shaktikanta Das on Friday called for structural reforms and more fiscal measures to revive consumption demand and the overall growth, saying the monetary policy has its own limitations to achieve these objectives
Budget 2020: Govt likely to fund some $28 bn of FY21 expenditure via off-budget borrowings; move aims to keep fiscal deficit under check
Finance Minister Nirmala Sitharaman, who will deliver the budget speech, is widely expected to announce stimulus measures for small businesses and non-banking finance companies.
Budget 2020: FinMin likely to push for Rs 25,000-Rs 30,000 cr interim dividend from RBI; to help fiscal deficit slippages
In the past RBI has paid a total Rs 38,000 crore as an interim dividend (Rs 28,000 crore in FY19 and Rs 10,000 crore in FY18)
Budget 2020: Stainless steel sector seek zero import duty on ferro-nickel, scrap; move aimed at boosing domestic manufacturing
At present, the basic customs duty on ferro-nickel and stainless steel scrap is 2.5 percent.