Union Budget

12 Big Economies Failing In Budget Spending For Growth, India On List: Report

Business | Bloomberg News | Thursday October 17, 2019

Monetary policy makers say they're running out of room to cut interest rates, which are already at historic lows, and it's time for their fiscal counterparts to take the lead in trying to spur demand.

Finance Ministry To Kick-Start Budgetary Exercise From October 14

Business | Press Trust of India | Sunday October 6, 2019

The Budget Estimates for 2020-21 will be provisionally finalised after the expenditure secretary completes discussions with other secretaries and financial advisers.

Jewellery Industry Hit By "Recession", Job Losses Likely: Industry Body

Business | Press Trust of India | Monday September 9, 2019

In the Union Budget for 2019-20, customs duty on imported gold was raised from 10 per cent to 12.5 per cent.

Government Planning Tax Relief For Foreign Investors, Says Report

Business | Edited by Sandeep Singh (with inputs from agencies) | Thursday August 8, 2019

The government is likely to exempt foreign portfolio investors from an increase in taxes that was part of the Budget approved by Parliament but heavily criticised, news agency Reuters quoted a government official as saying on Thursday. The development came days after Finance Minister Nirmala Sitharaman said the government would soon hold discussion...

Okinawa Cuts Prices Across Electric Scooter Range Post GST Revision

Sameer Contractor | Wednesday August 7, 2019

Gurgaon-based Okinawa Autotech has announced a price cut across its electric scooter range post GST rate revision for electric vehicles. The Okinawa range powered by the Lead Acid battery is affordable by Rs. 2,500-4,700, while the models using a Lithium-ion battery get a price cut between Rs. 3,400-8,600. Under the new rates, EVs are charged five ...

In Top Bureaucrat's Transfer, Link Seen To Sovereign Bond Plan: 10 Points

Business | NDTV Profit Team | Friday July 26, 2019

The Prime Minister's Office (PMO) wants the Ministry of Finance to reassess the idea of issuing foreign currency overseas sovereign bonds and seek wider consultation from stakeholders, news agency Reuters reported on Thursday quoting sources. The government's plan to issue such bonds, announced by Finance Minister Nirmala Sitharaman in her budget s...

Not More Than 5,000 People In Super-Rich Category: Nirmala Sitharaman

Business | Indo-Asian News Service | Monday July 22, 2019

Ms Sitharaman said not more than 5,000 people are there in the super rich category in the country and the Union Budget 2019-20 has several measures to help start-ups.

Foreign Investors Can Register As Firms To Get Tax Relief: Nirmala Sitharaman

Business | NDTV Profit Team | Thursday July 18, 2019

While presenting the Union Budget for Financial Year 2019-20, Ms Sitharaman proposed to raise surcharge on the super-rich. Those with an annual income between Rs 2 crore and Rs 5 crore would be levied a surcharge of 25 per cent from 15 per cent previously.

Budget 2019 Ensures Vigilance, Short-Term Liquidity For Shadow Banks: India Ratings

Business | Indo-Asian News Service | Wednesday July 17, 2019

According to India Ratings, the proposed framework will help in tackling the contagion risk by the regulator especially for extreme cases.

Budget 2019: Crucial To Manage Inflation, Exchange Rate, Says Nirmala Sitharaman

Business | NDTV Profit Team | Friday July 12, 2019

The Finance Minister was speaking on the proposals made by the government last week in the Union Budget for 2019-20.

Slowdown In Auto Sales Ahead Of BS6 May Hamper Sales Margins And GST Collection

Shubham Parashar | Thursday July 11, 2019

Auto experts say that if sales continue to drop further, the industry may a face problem to sustain margins, given the advent of emission and safety norms which require automakers to hike prices. SIAM also says that further decline in sales would affect GST revenue collection as well.

10 Key Things To Know About Changes In PAN, Aadhaar Rules

Business | NDTV Profit Team | Friday July 12, 2019

The government has announced a slew of changes in rules relating to Permanent Account Number (PAN) and Aadhaar. From allowing quoting of Aadhaar by assessees in place of PAN for filing income tax returns to grant of Aadhaar to non-resident Indians (NRIs) without a waiting period, some of the recent changes in Aadhaar and PAN were announced in the U...

Economy Is Weak, Need Structural Reforms: P Chidambaram

India News | Press Trust of India | Thursday July 11, 2019

The Union Budget 2019-20 does not chalk out a clear roadmap to take India on the path of high economic growth and lacks bold steps and structural reforms, Congress leader P Chidambaram said Thursday in Rajya Sabha.

Budget Data 100% Above Board, Every Number Authentic: Nirmala Sitharaman

India News | Press Trust of India | Thursday July 11, 2019

Amid a debate over variance in numbers in the Economic Survey and the Budget, Finance Minister Nirmala Sitharaman on Wednesday said both the documents present consistent picture and her budget numbers are authentic and projections based on realistic estimates.

Odisha Railway Sector Allocated Rs 5993 Crore, Highest Ever

India News | Press Trust of India | Thursday July 11, 2019

The Union budget 2019-20 has allocated Rs 5993 crore for the railway sector of Odisha, registering an increase of Rs 741 crore from the last year's outlay, a railway official said on Wednesday.