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UNION BUDGET 2020

Updated : Feb 1, 2021

Budget should be growth-oriented and not revenue-oriented, say experts

<p>The first objective of the government in the upcoming budget should be job creation, said  Tarun Arora, Partner, Deloitte India. Salary limits should also be increased for employees from Rs 25,000 to at least Rs 50,000, he added. Watch the video for more details.</p>

Updated : Feb 1, 2021

Budget 2021: Can this budget boost consumers' confidence?

<p>This year's finance budget will be announced in the backdrop of exceptionally challenging times due to COVID-19. The FMCG sector, however, has witnessed green shoots of recovery thanks to good monsoon, good demand and growth in the personal care and home care segments.  Watch the video as Sanjesh Thakur, Partner, Deloitte India, speaks about FMCG industry's expectations from upcoming budget and why the government should spend more on infrastructure and provide consumers with higher disposable income and thus boost consumer  confidence. </p><p><a target="_blank" href="https://www.businesstoday.in/union-budget-2021/expectations/budget-2021-speech-finance-minister-nirmala-sitharaman-highlights-income-tax/story/429755.html">Budget 2021 highlights: FM Nirmala Sitharaman unlikely to announce relief on income tax front</a> </p>

Updated : Jan 30, 2021

Budget 2021: Why India can't borrow more

<p>A host of economists have suggested that the government needs to spend more towards the overall economy and infrastructure to create enough demand in the economy. This would finally bring us out of this recession. But where will the government get resources from? Watch the video as Rajeev Dubey, Editor, Business Today explains ways by which the government could raise resources and spend more to finally achieve its targets, in part 2 of the Budget series. </p><p><a target="_blank" href="https://www.businesstoday.in/videos/union-budget/2021-22/union-budget-whats-working-whats-not-for-indias-economy/429431.html">Watch: Union Budget: What's working, what's not for India's economy</a> </p>

Updated : Jan 28, 2021

Jobs, livelihood, infrastructure: What is FM's top agenda for Budget 2021?

<p>The covid-19 pandemic has inflicted some real damage to almost all sectors of the economy, infrastructure being one of them. While the government will be busy making up for the economic losses in the upcoming budget, it shouldn't forget that equal importance needs to be given to job creation, economic growth, livelihoods and infrastructure. Watch as Sanjay Kumar, Partner, Deloitte India, talks about the challenges of infrastructure projects and why the government should set up an infrastructure board for the same. </p><p><a target="_blank" mce_href="https://www.businesstoday.in/budget/2021/" href="https://www.businesstoday.in/budget/2021/">Budget 2021</a> </p>

Updated : Jan 27, 2021

Budget 2021: What employees want from FM

<p>From making amendments in Section 80C to assuring uniformity in the tax treatment for mutual funds schemes and ULIPs of insurance companies, there are many expectations from the budget. Watch as Tapati Ghose, Partner, Deloitte India, explains more on what employees want from the upcoming budget. </p><p>Also Read: <a mce_href="https://www.businesstoday.in/union-budget-2021/expectations/budget-2021-5-big-challenges-in-indian-banking/story/429275.html" target="_blank" href="https://www.businesstoday.in/union-budget-2021/expectations/budget-2021-5-big-challenges-in-indian-banking/story/429275.html">Budget 2021: 5 big challenges in Indian banking</a> </p>

Updated : Jan 26, 2021

Budget 2021: Key expectations from FM for direct taxes

<p>The finance minister's announcement that budget 2021 will be like no other has created a lot of euphoria and excitement among citizens. But, at the same time, it has also fuelled concern regarding increase in taxes as the government will have to spend money on infrastructure and sectors affected by COVID such as-healthcare, tourism and hospitality. Watch the video as Rajesh Gandhi, Partner, Deloitte India explains how the balance can be achieved and expectations met given a tight fiscal situation prevailing in the economy. </p><p><a target="_blank" mce_href="https://www.businesstoday.in/current/economy-politics/budget-2021-covid-19-crisis-emphasises-need-for-higher-allocation-for-healthcare-sector/story/428940.html" href="https://www.businesstoday.in/current/economy-politics/budget-2021-covid-19-crisis-emphasises-need-for-higher-allocation-for-healthcare-sector/story/428940.html">Budget 2021: COVID-19 crisis emphasises need for higher allocation for healthcare sector</a> </p>

Updated : Jan 26, 2021

Rich should be taxed more to fill the income gap: Abhijit Banerjee

<p>In conversation with India Today TV, Nobel laureate Abhijit Banerjee discussed the economic implications of COVID-led lockdown and ways in which economic growth can be stimulated in the upcoming budget. The discussion revolved around the Oxfam report on  rising income inequality among people especially after COVID, when Indian billionaires' wealth rose by up to 35 per cent while 84 per cent households suffered some form of income loss. Watch the video for Banerjee's suggestions on bridging this income gap.</p>

Budget 2020: The move could hit smartphone manufacturers

Updated : Oct 30, 2020

Budget 2020: Govt may raise import duties on more than 50 items including electronics, handicrafts

Budget 2020: Higher customs duties are likely to hit goods such as mobile phone chargers, industrial chemicals, lamps, wooden furniture, candles, jewellery and handicraft items

Stocks to watch today on April 16

Updated : Apr 16, 2020

Stocks in news: TCS, Wipro, IPCA Labs, JSW Energy and more

Stocks to watch today on April 16: TCS, Wipro, IPCA Labs, JSW Energy, Bajaj Auto, Care Ratings, Man Industries India among others are the top stocks to watch out for in Thursday's trading session

Delhi Health Minister Satyendra Jain (Source - Twitter/ANI)

Updated : Apr 4, 2020

Coronavirus in Delhi: 386 cases total, 259 related to Tablighi event

Jain also said that the Delhi government only has 7,000 - 8,000 personal protection equipments (PPE) kits which will last 2-3 days

The list of expectations of the residential real estate sector is really long.

Updated : Apr 3, 2020

Budget 2020: Real estate industry pushes for one-time restructuring of loans

Budget 2020 latest: Real estate industry has huge expectations from the upcoming Budget 2020-21. Here's a lowdown on what the sector expects

Prashant Kishor (Credits: ANI)

Updated : Mar 25, 2020

Prashant Kishor slams Nitish Kumar for inaction over stranded Bihar residents

In a tweet, Prashant Kishor said that governments all over the world were trying to bring people back to home but Bihar residents were stranded because of Nitish Kumar

Representative image

Updated : Mar 25, 2020

Budget 2020: Auto industry seeks bold fiscal measures to revive growth

In the upcoming Union Budget, the auto industry has sought measures, such as reduction in GST rates on vehicles and abolition of duty on import of lithium-ion battery cells, to encourage electric mobility

UN General Secretary Antonio Guterres

Updated : Feb 29, 2020

UN chief recommends scaling down NY event due to Coronavirus outbreak

U.N. Secretary-General Antonio Guterres recommended that ministers and diplomats skip a meeting in New York next month in wake of the Coronavirus outbreak

The CAG warned about the off-budget financing some years ago because it remains beyond the control of the FRBM Act of 2003 or the Parliament

Updated : Feb 20, 2020

Budget 2020: Off-budget financing - A riddle wrapped in enigma

True extent of central government's off-budget financing is not known. CAG picked some cases for scrutiny in the recent past and found an alarming rise in the magnitude of such financing, which is not only distorting the budget numbers but also poses a serious challenge to fiscal responsibility. Part I of this two-part series looks at the trends and why it should concern all

The web portal is used for filing of electronic income tax returns

Updated : Feb 6, 2020

Confused between old, new income tax slabs? I-T Dept launches e-calculator to compare

Calculator compares taxes in old and new tax regimes for financial year 2020-21 and has been hosted on department's official e-filing website -- incometaxindiaefiling.gov.in

The Customs law could be moulded according to the changing business environment and to ensure ease of doing business

Updated : Feb 6, 2020

Budget 2020: Key takeaways from FM Nirmala Sitharaman's indirect tax proposals

Indirect Tax proposal by FM Sitharaman: In order to curb abuse of the Free Trade Agreements (FTA), suitable provisions are being incorporated in the Customs Act and a review of the Rules of Origin requirements shall be undertaken for import of sensitive items. Here's all the takeaways

Finance Minister Nirmala Sitharaman presented the Budget 2020 on February 1

Updated : Feb 6, 2020

Budget 2020: FM Nirmala Sitharaman has kept a balanced focus on investors, taxpayers

Budget 2020 taxes: Overall, it appears to be a balanced budget without rubbing the investors/taxpayers in the wrong way.The government has continued with its agenda of simplifying the tax structure for corporates and making it more transparent

Providing job opportunities and ensuring continued jobs is extremely important for the Modi government

Updated : Feb 6, 2020

Budget 2020: Job creation across sectors a key focus area of Modi govt

Budget 2020 jobs: By 2030, the working age population of India is expected to be the largest in the world. This is exactly why job creation is a key focus area for the Modi government. Here's all you need to know

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