Budget Proposals

US President Joe Biden on Thursday unveiled a USD 6.9 trillion annual budget for the year 2024, which proposes a hefty tax on the rich, massive spending on social measures and investment on building key infrastructure. The budget was termed a "non-starter" by the Republicans who have a majority in the House of Representatives. Biden at a rally in Philadelphia asserted that his budget reflects what "we can do to" lift the burden on hard working Americans and it would reduce the deficit this year by USD 160 billion. "To support working parents, my budget expands access to affordable childcare for millions of families. And it's going to invest in paid family medical leave," Biden said, adding that his budget also invests in elder care and home care and restores the child tax credit. Biden said the budget will deliver funding to help the US lead the world again. "My budget also invests in critical issues that matter to families, increasing the supply of affordable housing, lower rental

Presently, no TDS is required on interest payable in the case of listed dematerialised securities

Budget 2023-24 adopted seven priorities or Saptarishi, one of which is building focus on green growth

Budget 2023: This budget may galvanize an effective AI ecosystem necessary to nurture buoyancy in GST revenues and improve taxpayer morale and trust in the system

It says once the global shocks of the pandemic and 2022's unpleasant spike in commodity prices fade away, the Indian economy is likely to record a faster growth during the rest of this decade

Vision document in July to provide road map for next 3-5 years as well as for 'Amrit Kaal'

All of this culminates on February 1, when the Cabinet approves the budget, the Finance Minister presents it to the President, then proceeds to Lok Sabha, where she rises at 11 am to begin her speech

These brokerages houses are bullish on banks and capital goods.

The thrust of the Budget has been in infrastructure modernisation, says U R Bhat.

The thrust of the Budget has been in infrastructure modernisation, says U R Bhat.

This is a move that has been hailed by economists and policy-watchers as it makes budgeting a more transparent process

Pakistan government employees on Friday demanded 25 per cent hike in their salaries and protested against the 10 per cent hike provision proposed in the national budget for FY2021-22

The provisional actual numbers reveal revenue shortfall led to a wider fiscal deficit in 2019-20, but unlike the previous year, the gap was met largely through higher borrowing in a transparent manner

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

Tax experts say one of the most dispute-prone proposals is making "fraudulent availing" of input tax credit (ITC), without an invoice or bill, a cognizable and non-bailable offence

Basis of the final budgetary allocations will be the ceilings indicated in the Medium-term Expenditure Framework

Secretaries see the possible pluses but are equally conscious of the negatives