Budget - Banking Financial Services

The government will infuse Rs 44,720 crore into loss-making state-owned telecom firm BSNL in the next financial year, according to Budget documents.

The Centre will promote Kisan Drones, chemical-free natural farming, public-private partnerships for the delivery of digital and high-tech services to farmers across the country during the financial year 2022-23, Finance Minister Nirmala Sitharaman said on Tuesday.

The Indian government will conduct a spectrum auction this year, which will facilitate the rollout of 5G services by private telecom operators during the financial year 2022-23, Finance Minister Nirmala Sitharaman said.

Telecom sector wants the government to suspend universal service obligation fund (USOF), which financially supports rollout of telecom services in the rural area, to reduce burden on the service providers.

Indian made liquor (IML) will cost more in Karnataka from April 1, as the state budget for financial year 2020-21 proposed to increase additional excise duty by 6 per cent per bulk litre or 9 litres of the various brands, state Chief Minister BS Yediyurappa on Thursday.

New TDS provision has been introduced on foreign remittance. Authorized foreign exchange dealer receiving an amount of Rs 7 lakh or more in a financial year for remittance out of India under the liberalised remittance scheme (LRS) of the RBI shall collect TCS (tax collected at source) of 5 per cent from the buyer, being a person remitting such amou...

There are indications that government may cut spending by up to Rs 2 lakh crore to curb rising fiscal deficit.

Gross borrowing figure is likely to be budgeted at Rs 7.5 lakh crore, i.e., growth of 5.7 per cent year-on-year. This is likely to keep the yields elevated near 6.8-7.0 per cent.

The fiscal deficit for FY20 and its roadmap for FY21 could be heading towards a recalibration with the February Budget slated to hint at the targeted 3 per cent fiscal deficit for the next financial year be pushed to 2022-23, people associated with the developments said.

A total of 64,034 homes were sold across nine key markets during the third quarter of the financial year 2019-20.

The stimulus is also likely to cover the financial markets that have shown volatility in recent weeks and particularly after the Budget presentation.

The government had realised Rs 84,972.16 crore as disinvestment proceeds against the Budget estimate of Rs 80,000 in last financial year.

A sum of Rs 29,000 crore has been set aside for the Women and Child Development Ministry for the next fiscal, a 17 per cent increase over the 2018-2019 financial year with the social services sector getting a major boost in the Budget announced on Friday.

Budget: The government has set a target of creating 1 lakh digital villages in the next five years with an aim to foster financial inclusion

Recently, Jet Airways has been in a tight spot financially as a rescue plan is said to be stitched between its partner Etihad and a consortium of banks.

The government will infuse Rs 44,720 crore into loss-making state-owned telecom firm BSNL in the next financial year, according to Budget documents.

The Centre will promote Kisan Drones, chemical-free natural farming, public-private partnerships for the delivery of digital and high-tech services to farmers across the country during the financial year 2022-23, Finance Minister Nirmala Sitharaman said on Tuesday.

The Indian government will conduct a spectrum auction this year, which will facilitate the rollout of 5G services by private telecom operators during the financial year 2022-23, Finance Minister Nirmala Sitharaman said.

Telecom sector wants the government to suspend universal service obligation fund (USOF), which financially supports rollout of telecom services in the rural area, to reduce burden on the service providers.

Indian made liquor (IML) will cost more in Karnataka from April 1, as the state budget for financial year 2020-21 proposed to increase additional excise duty by 6 per cent per bulk litre or 9 litres of the various brands, state Chief Minister BS Yediyurappa on Thursday.

New TDS provision has been introduced on foreign remittance. Authorized foreign exchange dealer receiving an amount of Rs 7 lakh or more in a financial year for remittance out of India under the liberalised remittance scheme (LRS) of the RBI shall collect TCS (tax collected at source) of 5 per cent from the buyer, being a person remitting such amou...

There are indications that government may cut spending by up to Rs 2 lakh crore to curb rising fiscal deficit.

Gross borrowing figure is likely to be budgeted at Rs 7.5 lakh crore, i.e., growth of 5.7 per cent year-on-year. This is likely to keep the yields elevated near 6.8-7.0 per cent.

The fiscal deficit for FY20 and its roadmap for FY21 could be heading towards a recalibration with the February Budget slated to hint at the targeted 3 per cent fiscal deficit for the next financial year be pushed to 2022-23, people associated with the developments said.

A total of 64,034 homes were sold across nine key markets during the third quarter of the financial year 2019-20.

The stimulus is also likely to cover the financial markets that have shown volatility in recent weeks and particularly after the Budget presentation.

The government had realised Rs 84,972.16 crore as disinvestment proceeds against the Budget estimate of Rs 80,000 in last financial year.

A sum of Rs 29,000 crore has been set aside for the Women and Child Development Ministry for the next fiscal, a 17 per cent increase over the 2018-2019 financial year with the social services sector getting a major boost in the Budget announced on Friday.

Budget: The government has set a target of creating 1 lakh digital villages in the next five years with an aim to foster financial inclusion

Recently, Jet Airways has been in a tight spot financially as a rescue plan is said to be stitched between its partner Etihad and a consortium of banks.