Page 12 - Budget 2020

After foreign companies, budget gives income tax exemption to ISPRL

Tax changes on ISPRL will be effective April 1

Budget 2020: Bank's deposit insurance premia to rise by over Rs 28,000 cr

Bankers say move will not dent their balance sheets significantly, but will take up the matter with RBI, which they say can share some of the burden

Govt provides 30% higher budget allocation to agriculture for FY21

Maximum of Rs 75,000 crore has been allocated for the government's flagship scheme PM-Kisan for the 2020-21 fiscal

No tax on bonafide workers in Middle East, global income of NRIs in India

Indians working in the Middle East, as well as those in Merchant Navy, will not be taxed using the new provision

FM defends new tax regime, says it will benefit taxpayers in some brackets

She defended the new scheme by saying that it will benefit some taxpayers falling in certain brackets, if not all

Revised 3.8% fiscal deficit for FY20 looks ambitious, says SBI Research

The revised deficit target is propped on the belief that the divestment will fetch Rs 65,000 crore through the next two months

Govt raises outlay for digital India programme by 23% to Rs 3,958 crore

The government has increased allocation for National Knowledge Network to Rs 400 crore from Rs 274 crore in the current fiscal

Budget overhang, RBI policy, Q3 results to guide market this week: Analysts

Budget overhang is likely to dominate trading pattern in the equity market this week, while participants will also keenly watch other developments like RBI policy, release of key macro data and quarterly earnings, according to analysts. Giving a thumbs down to the Budget, the market benchmark Sensex logged its biggest single-day plunge in more than a decade on Saturday after Budget presentation. Analysts said investors were disappointed as the Budget failed to live up to market expectations of growth-boosting measures and fiscal discipline. "The lack of major growth boosting measures in itself is negative for the equity market. The new income tax regime would also be negative for tax exempt equity savings schemes," Sujan Hajra, Chief Economist and Executive Director, Anand Rathi Shares & Stock Brokers said. Finance Minister Nirmala Sitharaman on Saturday slashed income tax for individuals, abolished dividend tax for companies and announced some measures for agriculture and ...

Niti Aayog VC expresses surprise over market's reaction on Budget proposals

'I am actually quite surprised by the market's reactions yesterday, going down 1,000 points', said Niti Aayog Vice Chairman Rajiv Kumar

No intention to tax global income of NRIs in India, says FM Sitharaman

'What we are doing now is that the income of an NRI generated in India will be taxed here', said FM

Budget: UP needs to shut thermal power plants generating 2,500 mw power

All India Power Engineers Federation urges CM Adityanath to intervene

Govt budgets Rs 985 crore for UIDAI in the next financial year; up 17%

The document did not provide reasons for the downward revision but it could be because of non-utilisation of all the funds allocated to the UIDAI

Pragmatic Budget aimed at alleviating marginalised: Vedanta's Anil Agarwal

Govt has chosen fiscal prudence over massive spending. It should now efficiently finance and rapidly implement the National Infrastructure Pipeline worth Rs 102 trn announced previously

New tax slabs proposed in Budget to benefit taxpayers: CBDT chairman

The set target for revenue collection (personal income tax, corporate tax and others) was Rs 13.35 trillion for the 2019-20 financial year that ends on March 31

US industry leaders hail budget, say it will fetch India more FDI

Welcoming the budget, the US-India Business Council said that abolition of the dividend distribution tax removes a major disincentive to foreign companies seeking to set up operations in India

LIC listing could come in second half of FY21, says Finance Secretary

Finance Minister Nirmala Sitharaman while presenting the Budget 2020-21 on Saturday announced stake sale in LIC through an initial public offer in the next financial year

Brace for volatility as Budget hangover, coronavirus keeps markets on edge

Most experts have now turned cautious on the road ahead for the stock market - at least in the short-to-medium term - as they expect the economy to slow even further

Budget 2020 bets on barren land, railway tracks to raise solar capacity

India has set a target to raise renewable energy capacity to 175 gigawatts by 2022.

2 tax regimes after Budget: Which one to choose if you claim exemptions

Experts say paying tax has now become very person-specific. Each taxpayer will have to study the situation and decide whether to opt for the new regime or not

Best of BS Opinion: Was Sitharaman's second Budget a missed opportunity?

Business Standard brings to you best of BS Opinion for the day