By Rohit Vaid New Delhi, July 8 (IANS) Consumption driven growth might become an unintended beneficiary of the government’s plans to raise a part of its gross borrowings from external markets. Presenting the Union Budget…
By Nirbhay Kumar and Subhash Narayan New Delhi, July 7 (IANS) Armed with transaction details using big data analytics, the government may notify some other classes of people who would be required to file income…
By Rohit Vaid New Delhi, July 7 (IANS) India’s exports might become an unwarranted casualty of the government’s plans to raise a part of its gross borrowings from external markets, according to analysts. Presenting the…
By Anjana Das and Subhash Narayan New Delhi, July 7 (IANS) In an effort to lower the expenditure, Finance Ministry is considering merger and discontinuation of a few more Centrally Sponsored Schemes (CSS), priortise expenditure…
By Anjana Das and Subhash Narayan New Delhi, July 7 (IANS) Government may seek more time from market regulator SEBI for public sector enterprises and state-owned banks to comply with changes in the minimum public…
New Delhi, July 6 (IANS) Agriculture, rural development and investments remained the focus for the government’s full Union budget for FY20. The government has conservatively cut down net tax revenue estimates by 3.7 per cent…
New Delhi, July 6 (IANS) Revenue mobilisation is the single biggest impediment in the investment and consumption oriented budget announced on Friday. Reliance Securities’ prognosis is that the GST collections have been below estimate for…
New Delhi, July 6 (IANS) The Finance Ministry has sent out informative guide on various indirect tax proposals in the Union Budget to senior field officers for implementation. In a letter to Principal Chief Commissioner,…
New Delhi, July 6 (IANS) The Union Budget maintained the governments stance of fiscal prudence and continued focus on infrastructure creation. The budget, presented on Friday, has provided impetus to the banking sector with recapitalization…
New Delhi, July 6 (IANS) The Union Budget, presented by Finance Minister Nirmala Sitharaman on Friday, has laid down a roadmap for the National Education Policy (NEP), which is currently in its draft form. Prepared…
New Delhi, July 5 (IANS) Finance Minister Nirmala Sitharaman said on Friday that foreign portfolio investors (FPIs) will be permitted to subscribe to listed debt securities issued by the Real Estate Investment Trusts (REITs) and…
New Delhi, July 5 (IANS) Contrary to the equity markets, the Indian rupee gained against the US dollar on Friday after the presentation of the Union Budget as fiscal deficit and gross borrowings were in…
New Delhi, July 5 (IANS) Retail investors will soon get a chance to invest in government securities (G-Secs) and treasury bills with the Union Budget proposing a new mechanism to attract individual investors to the…
New Delhi, July 5 (IANS) With an aim to reduce imports along with spurring domestic production, Finance Minister Nirmala Sitharaman has proposed to raise custom duty on over 70 items in the full Budget 2019-20….
New Delhi, July 5 (IANS) The government on Friday lowered the fiscal deficit target for 2019-20 to 3.3 per cent of the gross domestic product in the Union Budget. The government has also laid out…
New Delhi, July 5 (IANS) The first Budget of Modi 2.0 government has laid huge emphasis on investment and consumption to realise the dream of ‘New India’ making it a $ 5 trillion economy in…
New Delhi, July 5 (IANS) Finance Minister Nirmala Sitharaman on Friday announced that public sector banks will be provided with a recapitalisation of Rs 70,000 crore to support lendings. “PSU bank recapitalisation should make bank…
New Delhi, July 5 (IANS) The Budget 2019-20 has not accounted for spectrum auction in the non-tax revenue category as Finance Secretary Subahsh Chandra Garg said the Department of Telecom are still working on the…
New Delhi, July 5 (IANS) In a bid to lower domestic interest rates, Finance Minister Nirmala Sitharaman has proposed raising a part of the government’s gross borrowings from abroad. Traditionally, government raises cheaper funds from…
New Delhi, July 5 (IANS) The Modi government has allocated Rs 3,01,694 crore for subsidy on three major components — food, fertiliser and petroleum — in Budget 2019-20, which is 13.32 per cent higher than…