Union Budget 2020

Central tax devolution to states expected to fall by over 36 per cent for fiscal year 2020-21: ICRA

At present, open market borrowings or state development loans are the chief source of funding the fiscal deficit of state governments.

published on : 2nd October 2020

81 per cent employers feel new Income Tax regime not to benefit staff: Survey

As much as 60 per cent respondents feel that those within the income bracket of Rs 5-10 lakh and Rs 10-25 lakh will be impacted by the new tax regime.

published on : 3rd March 2020

India's slowdown bottomed out; economy needs to be opened up for 10 per cent growth: Panagariya

Sounding an optimistic note, he said as the clean up happens, 'we should see the growth returning'.

published on : 26th February 2020

Union budget 2020: Understanding Finance Minister Nirmala Sitharaman’s math

For the first time, Sitharaman and her battery of secretaries are taking a multi-city tour to explain and clarify the contents of the budget.

published on : 17th February 2020

New regime will benefit 69% of taxpayers, insists Team Budget

Budget 2020 has actually written the first lines of the age-old I-T Act's obituary and exemptions are tipped for the full chop sooner or later. 

published on : 16th February 2020

Government willing to do more beyond Budget to boost growth: Finance Minister

The country's GDP growth is estimated to slow to an 11-year low of 5 per cent in the current financial year.

published on : 14th February 2020

Use e-calculator to pick your tax regime

While the Centre claims that switching to the new tax regime will be of benefit to taxpayers, personal finance experts stand firm behind the existing one.

published on : 10th February 2020

Laid foundation for USD 5 trillion economy in Union Budget: FM Nirmala Sitharaman

She said, "In order to address rural distress, 16 focused action points have been announced in the budget. So I expect all this will lead to a five trillion dollar economy."

published on : 9th 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

Tariff hikes in Budget 2020 to make manufacturing costly: Experts

Duties slapped on components will result in the manufacturing sector being hit with higher prices, said analysts

published on : 9th February 2020

NDA government incompetent in managing economy: Chidambaram

Congress leader P Chidambaram alleged the Modi government was like a helpless doctor who failed to diagnose the illness of a patient and treat him effectively.

published on : 8th February 2020

Middle class will now have more money in hand to spend, says Nirmala Sitharaman 

The Finance Minister also said that the intent of Narendra Modi's government is to move towards simplification of the tax regime. 

published on : 7th February 2020

Budget 2020 provides 'discreet and considered' stimulus: Finance Minister

It can be noted that some constituencies have expressed disappointment with the budget for not having any big announcements, especially at a time when growth has slipped to a decadal low.

published on : 7th February 2020

Centre allots Mamata Banerjee’s rail projects under ‘Rs 1,000 allocation bracket’

The move triggered apprehension that some projects may get shelved. Mamata’s 20 new rail connectivity projects have received a token allotment of Rs 1,000 annually 

published on : 7th February 2020

Union Budget a damp squib for 80 per cent for India's start-up ecosystem

Tax benefits on ESOP and other measures restricted to only 200-odd firms registered with interministerial board. 

published on : 6th February 2020
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