Nirmala Sitharaman told the media she was confident of the divestment process gaining pace in the next six months
We may well end up with the same budgetary mess that we have experienced this year
Nirmala Sitharaman said that the Centre had decided to "substantially" accept the recommendations of the 15th FC but did not indicate which recommendations it has accepted
If more expenditure in the rural economy is the need of the hour to revive demand, it is debatable if such tax giveaways could have waited till GDP growth picks up a little
To trigger creativity in cinema, the making of films has to become cheaper too
Budget has a large number of measures, but they are useful in the small
The personal income tax has been simplified and reduced. Individuals will have to pay tax at the reduced rate of 10% for incomes of Rs 5-7.5 lakh, against the current rate of 20%
At present, there are 483,000 direct tax cases pending in various appellate forums i.e. Commissioner (Appeals), ITAT, High Court, and Supreme Court.
The finance minister has been lucky that she is not presenting the Budget in the midst of the election season, this is a balanced Budget nevertheless
All three sectors had lobbied hard but the Budget did not offer any respite
Achieving 10 per cent nominal growth and 1.2x gross tax revenue buoyancy appears stretched
It is likely that this Budget will help farmers in particular as it offers good incentives for the agriculture sector
A reduction in personal income taxes for middle and lower middle classes is strongly positive for demand revival
MGNREGA saw a close to 13% drop in allocation, compared to the 2019-20 Revised Estimates
According to COAI estimates telcos pay around Rs 16,000 to Rs 17,000 crore as license fee and SUC annually
Sitharaman announced that the new GST return framework and e-invoicing would be implemented from April 1, to improve compliance and plug the tax revenue leakages
Museums across the country are languishing and many of our extraordinary collections are being damaged irreparably.
The budgetary figures continue to not cover many forms of expenditures
The stress in the banks and the NBFCs has led to undermining of confidence in the sector
The increase in deposit insurance cover is being done after 27 years