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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

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

Budget 2020: On February 1, FM Sitharaman, in her Budget speech in Parliament, announced a major overhaul in the income tax structure

Updated : Feb 2, 2020

Rs 40,000 cr revenue foregone an 'approximate calculation' as no clarity which taxpayers will opt for new tax regime: FM Sitharaman

Budget 2020: The FM gave a clarification about the purpose of new tax regime, which were--'reduce tax incidence' and 'remove all exemptions'

Budget 2020: The proposed amendment will be effective from April 1, 2021, and will apply from assessment year 2021-22

Updated : Feb 1, 2020

Budget 2020: Now, your EPF will be taxed if...

Budget 2020: Employer's contribution to Employees' Provident Fund (EPF), National Pension System (NPS) and superannuation fund above Rs 7.5 lakh to be taxed

After a successful run of 'Sabka Viswas', government has now moved over to 'Vivad Se Vishwas'

Updated : Feb 1, 2020

Not Vivad, but Vishwas! Direct tax amnesty scheme in Budget aims to clear disputes worth Rs 9.41 lakh crore

FM Sitharaman told the Parliament that 4.83 lakh direct tax cases are currently pending in various appellate forums. Data furnished in the Budget document show that Rs 9.41 lakh crore is stuck in these pending tax litigations

Updated : Feb 1, 2020

Big blow to NRIs! Modi govt to tax individuals who work in tax-free countries

Budget 2020: The budget has proposed to tax Indians who are not tax residents in India but are neither tax residents in any other countries

Union Budget 2020: The Finance Minister also said that the New Education Policy will be announced soon

Updated : Feb 1, 2020

Budget 2020: 9 key announcements for India's youth

Union Budget 2020: The FM has earmarked Rs 99,300 crore for Education sector in 2020-21 and Rs 3,000 crore for Skill Development

Updated : Feb 1, 2020

Union Budget 2020: Full text of Nirmala Sitharaman's speech

Budget 2020: In today's speech, the FM broke her own record and delivered the longest Union Budget speech, which was 159 minutes long

Govt committed to double farm income by 2022, says FM Nirmala Sitharaman

Updated : Feb 1, 2020

Union Budget 2020 highlights: No tax on annual income of up to Rs 5 lakh, says FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman is presenting her second consecutive Union Budget in Parliament today

Budget 2020: The IMF or International Monetary Fund recently lowered India's growth estimate for 2019 to 4.8 per cent from 6.1 per cent in October 2019 on the back of a sharp decline in consumer demand

Updated : Feb 1, 2020

Budget in the times of slowdown: What are Sitharaman's options?

Budget 2020: Economists suggest India's real GDP growth would weaken further in Q3 of the financial year due to slow economic activity in the first two months of the second half. The last time India witnessed a GDP growth of less than 5 per cent was in the fourth quarter of FY13 when it grew at 4.3 per cent

Budget 2020: James Wilson came to India in 1859

Updated : Feb 1, 2020

Budget 2020: James Wilson, the man who brought budget, income tax to India

Budget 2020: When James Wilson introduced the Income Tax, the act severely impacted the mood of the businesses as well as the feudal lords

Budget 2020: Chances of a hike in passenger fare seem low as the government had raised fares recently

Updated : Feb 1, 2020

Railway Budget 2020: Railway fares unlikely to be hiked, govt may give privatisation push

Budget 2020: After the success of India's first private train Tejas, the Centre may also consider privatising other trains and railway operations. The Centre's railway station modernisation plan will also boost steel consumption in the country

Due to curb on exports, fresh onions in the local markets are not being fairly priced

Updated : Jan 31, 2020

Why imported onions are rotting? Economic Survey 2020 has an answer

Economic Survey 2020 latest: Imported onions are rotting as there are no takers. Here's what the Economic Survey 2019-20 has to say about the onion crisis

Economic Survey 2020 says privatisation unlocks the potential of CPSEs to create wealth

Updated : Jan 31, 2020

Economic Survey 2020: How privatisation helps CPSEs unlock growth potential

Economic Survey 2020: The analysis showed that these privatised CPSEs, on an average, perform better post privatisation than their peers in terms of their net worth, net profit, return on assets

Economic Survey 2019-20: The survey tapped into traditional texts like Kautilya's Arthashastra, Thiruvalluvar's Thirukural and the treatise on modern economics.

Updated : Jan 31, 2020

Economic Survey 2020: Why wealth creation was picked as this year's theme

Economic Survey 2019-20: Elaborating on India's historical dominance on the global economy, the survey stressed on the importance of bringing an openness in the market that leads to wealth creation

Economic Survey 2020 refers to Kautilya's Arthashashtra on wealth creation

Updated : Jan 31, 2020

Economic Survey 2020 draws heavy references from Kautilya's Arthashashtra

Economic Survey 2020: The document also defends Kautilya and says that he is often misrepresented because of impartial reading of Arthshashtra

Budget 2020: Shatikanta Das says structural reforms required

Updated : Jan 31, 2020

'Monetary policy has limits; structural reforms, fiscal measures required,' says Shaktikanta Das

Budget 2020: RBI Governor Shaktikanta Das said that one of the major challenges for the central banks is the assessment of the current economic situation

Strategic disinvestment seems to be hurting CPSEs for short-term gains

Updated : Jan 31, 2020

Budget 2020: Strategic disinvestment, a questionable source of off-budget financing

Part II of this two-part series looks at another area of off-budget financing that has escaped CAG's attention - 'strategic disinvestment' in CPSEs the tabs for which are picked by other CPSEs. This is worrisome as it threatens to jeopardise financial health of many CPSEs, including the 'navaratnas' for short-term fiscal gains

The CBIC has also instructed its field offices to carry out verification of such exporters in a time-bound manner to avoid hardships for genuine players

Updated : Jan 31, 2020

Pre-Budget scramble for revenue? Govt blocks IGST refund worth Rs 40,000 crore to exporters

In a circular issued on January 23, CBIC's GST policy wing asked its commissioners to inform all exporters whose scrolls had been kept in abeyance for verification to complete the verification formalities for release of funds

Updated : Jan 31, 2020

Budget 2020: What FM Sitharaman must do to revive economy, consumer demand

"Current weak economic environment means that traditional sources of revenue, tax collections have not kept pace with budget estimates"

Budget 2020: The CAG has recently unravelled that the very objectives of disinvestments are not being achieved in its audit report tabled in the Parliament on December 10, 2019

Updated : Jan 30, 2020

Budget 2020: CAG questions Modi govt's disinvestment process for failing to meet its objectives

Union Budget 2020: At a time when poverty, hunger and income inequality are growing in 22 to 25 states and UTs, out of 28 that the Niti Aayog mapped in 2018 and 2019, disinvesting stakes in CPSEs to meet budget expenditure may not be the wisest thing to do

News

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

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

Rs 40,000 cr revenue foregone an 'approximate calculation' as no clarity which taxpayers will opt for new tax regime: FM Sitharaman

Budget 2020: Now, your EPF will be taxed if...

Not Vivad, but Vishwas! Direct tax amnesty scheme in Budget aims to clear disputes worth Rs 9.41 lakh crore

Big blow to NRIs! Modi govt to tax individuals who work in tax-free countries

Budget 2020: 9 key announcements for India's youth

Union Budget 2020: Full text of Nirmala Sitharaman's speech

Union Budget 2020 highlights: No tax on annual income of up to Rs 5 lakh, says FM Nirmala Sitharaman

Budget in the times of slowdown: What are Sitharaman's options?

Budget 2020: James Wilson, the man who brought budget, income tax to India

Railway Budget 2020: Railway fares unlikely to be hiked, govt may give privatisation push

Why imported onions are rotting? Economic Survey 2020 has an answer

Economic Survey 2020: How privatisation helps CPSEs unlock growth potential

Economic Survey 2020: Why wealth creation was picked as this year's theme

Economic Survey 2020 draws heavy references from Kautilya's Arthashashtra

'Monetary policy has limits; structural reforms, fiscal measures required,' says Shaktikanta Das

Budget 2020: Strategic disinvestment, a questionable source of off-budget financing

Pre-Budget scramble for revenue? Govt blocks IGST refund worth Rs 40,000 crore to exporters

Budget 2020: What FM Sitharaman must do to revive economy, consumer demand

Budget 2020: CAG questions Modi govt's disinvestment process for failing to meet its objectives

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