Decoding the Budget

The banks will pay a premium of 12 paise against 10 paise per Rs 100 deposited.

Updated : Feb 4, 2020

Work begins on Budget 2020 proposals; DFS approves raising deposit insurance to Rs 5 lakh

At present, bank depositors get an insurance cover of Rs 1 lakh on their amount by the Deposit Insurance and Credit Guarantee Corporation if a bank fails

Moody's Investors Service says said any immediate strengthening in India's public finances is unlikely as pressure on growth persists

Updated : Feb 4, 2020

India to face challenge in achieving FY21 fiscal deficit target: Moody's

Rating agency says five-fold increase in deposit insurance to Rs 5 lakh from Rs 1 lakh earlier is "credit positive" for banks, as it will raise depositor confidence

Individual tax payers will be able to choose between old tax regime and new tax regime

Updated : Feb 4, 2020

Budget 2020: Not all can switch back to old system once moved to new tax regime

Budget 2020 taxes: The individual taxpayers are free to choose between the old tax regime and the new tax regime. However, not every taxpayer will find it easy to make this switch. Here's for more

There continues to be a state of confusion over the NRI Tax

Updated : Feb 4, 2020

Union Budget 2020: Tax experts not satisfied with govt's clarification on NRI tax

Budget 2020 taxes: The government clarification on the new provision related to NRI tax does not seem to clear any doubts of several NRIs and tax experts. Here's a lowdown on what the NRI tax exactly means

In Budget 2020, Finance Minister Nirmala Sitharaman tries to clear web of confusion by disclosing quantum of borrowings that are not part of government financial accounts

Updated : Feb 3, 2020

Budget 2020 makes govt's off-budget financing more transparent

New disclosed data on extra-budgetary resources shows the government expects to raise Rs 1.86 lakh crore through extra budgetary resources in 2020-21 compared to Rs 1.73 lakh crore in 2019-20

Budget 2020: Modi govt to raise fishery exports to Rs 1 lakh crore by 2024-25

Updated : Feb 2, 2020

Budget 2020: Govt proposes to raise fishery exports to Rs 1 lakh crore by FY25

Budget 2020: FM Sitharaman said that government will involve youth in fishery extension through 3477 Sagar Mitras and 500 Fish Farmer Producer Organisations (Fish FPOs)

Budget 2020: According to the government's MNREGA website, person days generated so far stood at 208.54 crore in the current fiscal

Updated : Feb 2, 2020

Budget 2020: Govt reduces spending on MGNREGA, allocates Rs 60,000 crore for FY21

Budget 2020: The government has allocated Rs 61,500 crore for MGNREGA scheme, which is lower than last year's revised estimates of Rs 71,002 crore by 13.4 per cent

Updated : Feb 1, 2020

Budget 2020: Import duty hiked on a host of products to bolster Make in India

This increase in import duties that is intended at discouraging companies from importing components and goods from outside India and encouraging them instead to replace them with goods that are manufactured in India, is on expected lines

Budget 2020: The new personal income tax rates will entail estimated revenue forgone of Rs 40,000 crore per year

Updated : Feb 1, 2020

Budget 2020: Modi govt's tax revenue estimate falls for second time

Budget 2020: The net tax revenues in 2018-19 were 13.2 lakh crore and the figure was revised upwards by 14.4 per cent to Rs 15 lakh crore for the current fiscal against the budget estimates of Rs 16.5 lakh crore

The unveiling of the National Infrastructure Pipeline (NIP) reiterates the government's commitment to steer the infrastructure sector on a higher growth curve through increased capex

Updated : Jan 31, 2020

Budget 2020: Economic reforms, infrastructure spending key to India's $5 trillion economy target

Steadfastly treading the path of economic reforms, implementing investor-friendly policy interventions and ensuring speedy implementation of infrastructure projects is key to realising India's vision of becoming a $5 trillion economy by 2024

Budget 2020: The government is also expected to announce in this year, two new policies - new industrial policy and national e-commerce policy and introduce labour reforms

Updated : Jan 31, 2020

Budget 2020: Govt may announce steps to liberalise insurance sector, ease restrictions on FDI

Budget 2020: The proposed liberalisation of the insurance sector, ease of restrictions on FDI by JVs/WOS of Indian parties and other measures taken for liberalising FDI are expected to spur investments and raise investor sentiment

Updated : Jan 31, 2020

Budget 2020: Individual-centric tax policies are need of the hour

If in the current situation the government does not cut welfare spending or increases taxes, it would need to increase borrowing to inject cash into the market

It is encouraging to see the government's effort to engage the private sector in projects and address financial gaps through public-private participation

Updated : Jan 31, 2020

Budget 2020: Quick and bolder reforms needed to beat economic slowdown

All eyes will be on the budget 2020 with expectations that the government will do what it takes to get the economy back on track

Income tax cuts for individual taxpayers shall drive an increase in disposable incomes and discretionary spend

Updated : Jan 31, 2020

Budget 2020: Govt needs to fine-tune direct taxes to spur growth, reverse economic downturn

The government policy with reference to direct taxes in the medium term is to phase out tax incentives, deductions, and exemptions while simultaneously rationalising the rate of taxes

Decoding the Budget

Work begins on Budget 2020 proposals; DFS approves raising deposit insurance to Rs 5 lakh

India to face challenge in achieving FY21 fiscal deficit target: Moody's

Budget 2020: Not all can switch back to old system once moved to new tax regime

Union Budget 2020: Tax experts not satisfied with govt's clarification on NRI tax

Budget 2020 makes govt's off-budget financing more transparent

Budget 2020: Govt proposes to raise fishery exports to Rs 1 lakh crore by FY25

Budget 2020: Govt reduces spending on MGNREGA, allocates Rs 60,000 crore for FY21

Budget 2020: Import duty hiked on a host of products to bolster Make in India

Budget 2020: Modi govt's tax revenue estimate falls for second time

Budget 2020: Economic reforms, infrastructure spending key to India's $5 trillion economy target

Budget 2020: Govt may announce steps to liberalise insurance sector, ease restrictions on FDI

Budget 2020: Individual-centric tax policies are need of the hour

Budget 2020: Quick and bolder reforms needed to beat economic slowdown

Budget 2020: Govt needs to fine-tune direct taxes to spur growth, reverse economic downturn

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