Union Budget 2020

Moody's cuts India growth projection to 5.4% for 2020 from 6.6% projected earlier; cites slower than expected economic recovery

Moody's Investors Service on Monday slashed India's growth forecast to 5.4 percent for 2020 from 6.6 percent projected earlier on slower than expected economic recovery

Govt willing to do more beyond Budget to boost growth says Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Friday said that if required, the government would take more steps beyond the announcements made in the Union Budget 2020-21

Economy not in trouble; green shoots visible with country moving towards $5 trillion economy: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday said the economy is not in trouble and green shoot are visible with the country moving towards a $5 trillion economy

Nirmala Sitharaman hits back at Chidambaram, says nothing to learn from those who gave NPA crisis

Finance Minister Nirmala Sitharaman on Tuesday hit back at former minister P Chidambaram for his 'incompetent doctors' attending to economy remark, saying there was nothing to learn from the people who gave the mountain of NPAs along with twin balance sheet crisis

Budget proposals on DDT, personal tax not to impact MF industry: Franklin Templeton Mutual Fund

The proposed changes in Dividend Distribution Tax (DDT) and the new income tax system announced in the budget will not have any adverse impact on the mutual fund industry that showed resilience and maintained robust growth amid economic headwinds, a senior mutual fund official said

During debate on Finance Bill in RS, TMC MP alleges 'financial coronavirus' destroying economy; Budget fulfills people's expectations, says BJP

TMC MP Manas Ranjan Bhunia accused the government of depriving the poor of employment opportunities generated from the MNREGA as it has cut expenditure under the scheme and alleged that it is selling out precious assets of the country

Economy close to collapse; rising unemployment, falling consumption making India poorer: P Chidambaram

Former finance minister P Chidambaram on Monday tore into the Modi government's handling of the economy, saying it was close to collapse and was been attended by "very incompetent doctors."

Govt clocks Rs 40,000 cr in public procurement transactions through online marketplace GeM; eyes to increase turnover to Rs 3 lakh cr

Public procurement worth Rs 40,000 crore has taken place through the government's online marketplace GeM, Expenditure Secretary T V Somanathan said on Monday

Budget 2020: Centre laid foundation for $5 trillion economy by 2024-25, focussed on increasing consumption, says Nirmala Sitharaman

Nirmala Sitharaman also pitched for rationalisation of GST rates once a year and not every three months as was the trend so far.

Finance ministry expects at least 80% of taxpayers to move to new tax regime, says revenue secretary

The finance ministry expects at least 80 percent of the taxpayers to move to the new income tax regime, Revenue Secretary Ajay Bhushan Pandey said on Friday