US budget deficit to hit record USD 3.3 trillion due to Covid-19, recession

The $3.3 trillion figure released Wednesday is more than triple the 2019 shortfall and more than double the levels experienced after the market meltdown and Great Recession of 2008-09.

published on : 3rd September 2020

Andhra Pradesh Assembly budget session to be a short affair

The budget session of Andhra Pradesh Legislature  is likely to be a short affair in view of prevailing COVID-19 situation in the State. 

published on : 15th June 2020

Budget proposals won't stoke inflation, says Shaktikanta Das

Centre to breach its fiscal deficit target through the FRBM Act.

published on : 16th February 2020

Budget proposals on DDT, personal tax to not impact mutual fund industry: Franklin Templeton

After the Union Budget was presented on February 1, there had been some apprehensions on the growth of mutual funds sector in the coming days.

published on : 11th February 2020

Kolkata industrialists air concerns on budget to Nirmala Sitharaman

The finance minister is in the city to discuss the government's vision on the budget with the stakeholders of various sectors.

published on : 9th February 2020

10 per cent TDS only on dividend paid by mutual funds, not on redemption of units: Tax department

Finance Minister Nirmala Sitharaman had in Budget 2020-21 scrapped dividend distribution tax (DDT) paid by companies and mutual funds on dividend paid to shareholders or unitholders.

published on : 4th February 2020

Government not included AGR dues payment in Budget 2020-21: Economic Affairs Secretary

Sources, meanwhile, said that past AGR or statutory dues payments have not been included as the matter is in the court.

published on : 4th February 2020

Fiscal stimulus adequate to boost growth: Nirmala Sitharaman on Budget 2020

The government argues that the higher outlay represents 15.33 per cent more spending when compared to revised estimates for the previous year.

published on : 3rd February 2020

Kerala CM writes to PM Modi as Budget proposal on new ‘NRI tax’ creates flutters

Union Finance Minister Nirmala Sitharaman on Sunday came out with a clarification that there is no intention to tax global income of NRIs and only income generated in India will be taxed.

published on : 3rd February 2020

Budget delivers a big jolt to Jaipur's Jewellery Industry

The industry had demanded a major cut in import duty on gold but instead a 0.5% import duty has been imposed on uncut colored stones which at present is imported tax free.

published on : 3rd February 2020

Individuals earning salary of over Rs 13 lakh a year to save under new tax regime

For those earning salary of Rs 12 lakh and less and availing deductions of up to Rs 2 lakh, the old tax system will be beneficial as the tax outgo will be less compared to the proposed new structure.

published on : 2nd February 2020

Indian budget will attract more FDI: US industry leaders

Nirmala Sitharaman said the Budget was aimed at boosting incomes and enhancing purchasing power, stressing that the economy's fundamentals were strong and inflation was well contained.

published on : 2nd February 2020

Karnataka rushes to meet thermal plant pollution norms after Centre's announcement in 2020 Budget

The Raichur Thermal Power Plant - Karnataka’s first - is at risk of being shut down due to problems with its functioning.

published on : 2nd February 2020

Budget 2020 a complex exercise in wordplay, and little else

Rituals without efficacy are blasé formalities of inevitable intentions.

published on : 2nd February 2020

2020 Budget leaves the economy wondering

Newton’s first law says that a body remains in a constant state unless acted upon by an external force.

published on : 2nd February 2020
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