General Budget-2020-21

Showing of 1 - 20 from 83 results
General Budget-2020-21 - Total results - 83
Budget 2020: Nirmala Sitharaman's fiscal math seems to have put worst behind; economy set to rebound with proposals announced
Business

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: Nirmala Sitharaman ushers host of reforms; delivers much-needed prod to economy
Business

Budget 2020: Nirmala Sitharaman ushers host of reforms; delivers much-needed prod to economy

Nirmala Sitharaman also attempts to maintain a balance by underscoring various measures taken by the government towards the woman and child welfare, culture and tourism, environment and climate change

Budget 2020: Nirmala Sitharaman's announcements expected to give impetus to consumer spending, give jump-start to economy
Business

Budget 2020: Nirmala Sitharaman's announcements expected to give impetus to consumer spending, give jump-start to economy

The consumer sector has been facing strong headwinds over the last few quarters, including rural job losses and stagnating wages, besides an erratic monsoon.

Budget 2020: Nirmala Sitharaman's slew of amendment proposals on various taxes may lead to adverse impact on individuals
Business

Budget 2020: Nirmala Sitharaman's slew of amendment proposals on various taxes may lead to adverse impact on individuals

The government has recognised the cash flow crunch faced by employees of startups who are required to pay taxes on the allotment of shares on exercise under the current provisions.

Budget 2020: Industry’s demand on DDT concerns addressed; will experts' proposals help bring back investor's confidence?
Business

Budget 2020: Industry’s demand on DDT concerns addressed; will experts' proposals help bring back investor's confidence?

For e-commerce operator, this means creating more robust technology platforms and enabling tax complaint back end infrastructure to capture data and ensure compliance.

Budget 2020: New tax structure gives option to save tax; people can stay in current regime or switch to proposed plan, says revenue secretary
Business

Budget 2020: New tax structure gives option to save tax; people can stay in current regime or switch to proposed plan, says revenue secretary

In the new regime, 5 percent tax is levied on an annual income between Rs 2.5 lakh and Rs 5 lakh. The tax rate rises to 10 percent, 15, percent, 20 percent and 25 percent for every Rs 2.5 lakh addition.

Limit on tax-free employer contribution to retirement funds to impact employee with salary above Rs 60 lakh: Official
Business

Limit on tax-free employer contribution to retirement funds to impact employee with salary above Rs 60 lakh: Official

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

How cultural-political vision of BJP, RSS for new India is coded in Nirmala Sitharaman's Budget speech
Business

How cultural-political vision of BJP, RSS for new India is coded in Nirmala Sitharaman's Budget speech

While the Opposition was trying to shout down such mentions, the government was using a financial jargon and technicality-packed Budget speech as a code for the cultural agenda of new India.

Budget 2020: Indirect tax proposals may take Make in India theme forward; customs electronic duty credit ledger a milestone
Business

Budget 2020: Indirect tax proposals may take Make in India theme forward; customs electronic duty credit ledger a milestone

The GST rule is sought to be amended to trigger imposition of penalties against persons ‘causing and benefitting’ fraudulent input tax credit.

Budget 2020: A mixed bag for healthcare services, pharma sector; additional duties on medical devices to hike costs for consumers
Business

Budget 2020: A mixed bag for healthcare services, pharma sector; additional duties on medical devices to hike costs for consumers

While one of the key focus areas for this Budget 2020-21 on socio-welfare front is to widen the reach of affordable healthcare services, it also lays emphasis on government policy of ‘Make in India’.

'Try your magical exercise routine': Rahul Gandhi takes dig at Narendra Modi over economy by tweeting old fitness challenge video
India

'Try your magical exercise routine': Rahul Gandhi takes dig at Narendra Modi over economy by tweeting old fitness challenge video

Congress leader Rahul Gandhi on Sunday slammed Prime Minister Narendra Modi over the economic slowdown by tweeting a 2018 video in which he is seen performing different fitness exercises.

Day after Budget, Centre clarifies proposed tax on NRIs, says it will not hurt bonafide workers abroad
Business

Day after Budget, Centre clarifies proposed tax on NRIs, says it will not hurt bonafide workers abroad

The government on Sunday issued a clarification on the new definition of NRI mentioned in the Budget presented by Nirmala Sitharaman.

Budget 2020: It was govt’s desire to address every section that expected something, Nirmala Sitharaman tells Network18
Business

Budget 2020: It was govt’s desire to address every section that expected something, Nirmala Sitharaman tells Network18

In an exclusive interview with Managing Director of Network18 Rahul Joshi, Finance Minister Nirmala Sitharaman talked at length about her budget announcements

Budget 2020: Govt departments to create over 2.6 lakh jobs by 2021 amid criticism from Opposition on unemployment
Business

Budget 2020: Govt departments to create over 2.6 lakh jobs by 2021 amid criticism from Opposition on unemployment

The Budget documents give a break-up of the jobs likely to created in central government departments between 2019 and March 2021.

Budget 2020: Railway to get Rs 70,000-cr support, Rs 1.61 lakh cr capex; paltry 3% increase in allocation, 150 trains to be operated under PPP mode
Business

Budget 2020: Railway to get Rs 70,000-cr support, Rs 1.61 lakh cr capex; paltry 3% increase in allocation, 150 trains to be operated under PPP mode

The total receipts of the railway are targeted to increase by 9.5% in the Budget Estimates of 2020-21 over the Revised Estimates of 2019-20.

Budget 2020: Govt to sell stake in LIC via partial listing; sets steep divestment target of Rs 2.1 lakh cr for FY21
Business

Budget 2020: Govt to sell stake in LIC via partial listing; sets steep divestment target of Rs 2.1 lakh cr for FY21

Although the government did not give a roadmap for listing LIC, it said that Rs 90,000 crore will be achieved via stake sales in state-owned banks and financial institutions.

Budget 2020: From P Chidambaram to Sitaram Yechury, Opposition leaders slam Nirmala Sitharaman, say she served only 'platitudes and slogans'
Business

Budget 2020: From P Chidambaram to Sitaram Yechury, Opposition leaders slam Nirmala Sitharaman, say she served only 'platitudes and slogans'

Soon after Finance Minister Nirmala Sitharam unveiled the Union Budget 2020-21, Opposition leaders tore into the Budget, claiming that if offered no concrete solutions to the challenges facing the economy

Budget 2020: Nirmala Sitharaman bowls a googly on individual taxpayers; calculations made tricky, concessions offered with a rider
Business

Budget 2020: Nirmala Sitharaman bowls a googly on individual taxpayers; calculations made tricky, concessions offered with a rider

Sitharaman has made life difficult for individual taxpayers by making tax calculations complicated.

Budget 2020: Cigarettes, imported products, furniture, footwear to become costlier; EVs, newsprint, sport goods to be cheaper
Business

Budget 2020: Cigarettes, imported products, furniture, footwear to become costlier; EVs, newsprint, sport goods to be cheaper

A large number of items including cigarettes, chewing tobacco along with imported products, like edible oils, fans, table, footwear, electric vehicles, tableware, kitchenware, toys and furniture are set to become more expensive due to hike in taxes proposed in the Union Budget for 2020-21

Budget 2020 LIVE Updates: Budget has vision and action, says Narendra Modi; govt has given up on reviving economy, claims Chidambaram
Business

Budget 2020 LIVE Updates: Budget has vision and action, says Narendra Modi; govt has given up on reviving economy, claims Chidambaram

Budget 2020 LIVE Updates: In a televised address after the budget, Prime Minister Narendra Modi said that the Budget 2020 has vision and action and the new reforms announced by Finance Minister Nirmala Sitharaman will give a push to the economy.