Interim Budget

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Interim Budget - Total results - 103
Investors can find no better place in the world than India; has best-skilled manpower, rule of law, says Nirmala Sitharaman
Business

Investors can find no better place in the world than India; has best-skilled manpower, rule of law, says Nirmala Sitharaman

To a question on the slowdown in the Indian economy, Nirmala Sitharaman said the government is taking steps to address problems in the "stressed" sectors

RBI’s change in monetary policy stance is as good as additional 25 basis-point rate cut, says governor Shaktikanta Das
Business

RBI’s change in monetary policy stance is as good as additional 25 basis-point rate cut, says governor Shaktikanta Das

While the RBI has cut rates by 75 bps since the start of 2019, banks have only eased their key lending rate by 15-20 bps.

Union Budget 2019: Nirmala Sitharaman presents ‘no-change’ Budget; one mustn't read too much into numbers
Business

Union Budget 2019: Nirmala Sitharaman presents ‘no-change’ Budget; one mustn't read too much into numbers

The Budget speech had spoken of what all has been given in the interim Budget and not made any concession here. Therefore, there is nothing specific for households here.

Fintech, startups expect tax sops, funding access, digital push in upcoming Budget FY20
Business

Fintech, startups expect tax sops, funding access, digital push in upcoming Budget FY20

Fintech firms and startups expect the government to usher in a new set of reforms in the upcoming full Budget for the current fiscal

Union Budget 2019: India's income tax base not wide in proportion to population; taxpayers' number rises in past 5 years
Business

Union Budget 2019: India's income tax base not wide in proportion to population; taxpayers' number rises in past 5 years

Tax slabs serve as the threshold limit beyond which a person needs to pay a specific rate of tax to the government.

Union Budget 2019: Finance Minister should consider bringing down corporate tax rate for all companies, irrespective of turnover
Business

Union Budget 2019: Finance Minister should consider bringing down corporate tax rate for all companies, irrespective of turnover

In February 2019, the then Interim Finance Minister Piyush Goyal adopted a pragmatic approach by providing a pro-growth and fiscally prudent Budget

Interim Budget: How it is different from vote-on-account and full budget
Business

Interim Budget: How it is different from vote-on-account and full budget

A 'Vote on Account' deals only with the expenditure side of the government's budget

Union Budget 2019: What is Halwa ceremony? When is it held and what is its significance?
Business

Union Budget 2019: What is Halwa ceremony? When is it held and what is its significance?

As part of the ritual, halwa is prepared in large quantities and served to the officers and support staff involved.

Union Budget 2019: Will Nirmala Sitharaman be able to stick to fiscal deficit target in her new role as finance minister
Business

Union Budget 2019: Will Nirmala Sitharaman be able to stick to fiscal deficit target in her new role as finance minister

The interim Budget presented in February this year had revised upward the fiscal deficit target to 3.4 percent from 3.3 percent of the GDP estimated earlier for 2018-19.

Govt meets fiscal deficit target of 3.4% for FY19 by cutting expenditure, rolled over fuel subsidies
Business

Govt meets fiscal deficit target of 3.4% for FY19 by cutting expenditure, rolled over fuel subsidies

The government has managed to meet the revised fiscal deficit target of 3.4 percent of the GDP after it cut last minute expenditure and rolled over fuel subsidies to make up for the shortfall in tax collection

Govt close to meeting fiscal deficit target of 3.4%; some numbers are still to come, says SC Garg
Business

Govt close to meeting fiscal deficit target of 3.4%; some numbers are still to come, says SC Garg

The government in the interim Budget in February revised upward the fiscal deficit target to 3.4 percent from 3.3 percent of GDP

PM-SYM pension scheme subscription to cross one-crore mark soon; 2.36 lakh service centres set up: Ravi Shankar Prasad
Business

PM-SYM pension scheme subscription to cross one-crore mark soon; 2.36 lakh service centres set up: Ravi Shankar Prasad

According to the labour ministry portal, as many as 10.95 lakh workers have already subscribed to the PM-SYM pension scheme.

Loan waiver, income scheme for farmers attractive from political outlook, but will damage economy in long-term
Business

Loan waiver, income scheme for farmers attractive from political outlook, but will damage economy in long-term

In April 2017, Uttar Pradesh announced a farm loan waiver for small and marginal farmers costing Rs 36,400 crore.

India to grow at 7.3% in 2019, 2020; farm sector doles and tax relief to stimulte growth: Moody's
Business

India to grow at 7.3% in 2019, 2020; farm sector doles and tax relief to stimulte growth: Moody's

"We expect India's economy to grow around 7.3 percent in both years (2019, 2020)," Moody's said in its quarterly Global Macro Outlook for 2019 and 2020

Diesel demand to hit record highs in 2019 as country goes to polls; may help underpin oil, fuel prices
Business

Diesel demand to hit record highs in 2019 as country goes to polls; may help underpin oil, fuel prices

The implementation of a nationwide goods and services tax (GST) has also been beneficial for diesel demand.

Farm sector doles: Band-aid solutions hide jobless growth; India's agrarian economy needs liberalisation, not govt handouts
Business

Farm sector doles: Band-aid solutions hide jobless growth; India's agrarian economy needs liberalisation, not govt handouts

Instead of addressing the dwindling jobs and agrarian crisis, the government has responded by announcing a Targeted Basic Income (TBI) scheme for farmers.

Arun Jaitley resumes charge as Finance Minister, attends meeting of Cabinet Committee on Security
Business

Arun Jaitley resumes charge as Finance Minister, attends meeting of Cabinet Committee on Security

Jaitley, who was the Finance Minister before the medical procedure led to the charge being temporarily taken away from him, missed presenting the sixth and final Budget of the Narendra Modi government before the general elections.

Narendra Modi to launch annual assistance scheme of Rs 6,000 for farmers on 24 Feb in Gorakhpur
India

Narendra Modi to launch annual assistance scheme of Rs 6,000 for farmers on 24 Feb in Gorakhpur

Under the Pradhan Mantri Kisan Samman Nidhi scheme that Narendra Modi will launch, farmers cultivating up to 5 acres will get a direct cash support of Rs 6,000 annually, payable in three equal installments of Rs 2,000 each.

Investors' wealth plunges Rs 1.67 lakh cr as stocks tumble on renewed concerns over global trade, profit booking
Business

Investors' wealth plunges Rs 1.67 lakh cr as stocks tumble on renewed concerns over global trade, profit booking

Following the weak sentiment, the market capitalisation of BSE- listed companies dropped Rs 1,67,594.92 crore to Rs 1,41,07,190.48 crore.

From tax rebate to hike in standard deductions: Salaried, middle-class get avenues to save more
Business

From tax rebate to hike in standard deductions: Salaried, middle-class get avenues to save more

With the intent of reducing tax burden on the middle-class and salaried individuals, the finance minister proposed a number of tax benefits.