Page 18 - Budget 2020

Budget 2020: Non-taxpaying NRIs to be taxed in India, says FM

At present, if an Indian or a person of Indian origin managed his stay in India such that he remained a non-resident in perpetuity, he was not liable to pay tax on his global income in India.

Budget 2020 gives the agri sector the much needed push

This year's budget announcement to promote organic fertilizers and rationalising the use of chemical fertilizers further augments efforts towards promoting ZBNF

Budget consistent with fiscal strategy; aimed at boosting demand

The fiscal multiplied impact of higher government consumption spending is coupled with signal to household sector to spend more

LIC may become biggest firm by m-cap; valuation can hit Rs 10 trn: Experts

Finance Minister Nirmala Sitharaman on Saturday said LIC will be listed as part of the government disinvestment initiative

Finance Commission: 41% of taxes go to States; 1% for J&K, Ladakh in FY21

The 15th Finance Commission on Saturday recommended 41 per cent share in the divisible pool of taxes for states and 1 per cent for the newly created Union territories of Jammu & Kashmir and Ladakh for the financial year 2020-21, thus retaining the devolution formula of the earlier Commission. The 14th Commission had recommended the share of states at 42 per cent in the divisible pool of taxes. In her Budget Speech, Finance Minister Nirmala Sitharaman said the commission has given its first report pertaining to 2020-21. "In the spirit of co-operative federalism, I am pleased to announce that we have, in substantial measure, accepted the recommendations of the commission," she said. The commission would submit its final report to the President during the latter part of the year, for five years beginning 2021-22. The first report said that for 2020-21, the commission is inclined to leave the vertical split of divisible pool at the same level as recommended by the 14th ...

Budget 2020: A K Bhattacharya on major takeaways for the Indian economy

What did the finance minister have in the Budget for the Indian economy? Listen to the podcast to know

Budget 2020: Sourcing via FDI, ECB could boost research infra in education

FM has allocated Rs 99,300 cr for education sector in FY21 and Rs 3,000 cr for skill development

Budget 2020: Govt depts to create over 260,000 jobs between 2019 and 2021

The highest 79,353 jobs are estimated to be created in policing

Budget 2020: Govt proposes online degree programmes for weaker sections

Budget's online education proposal to boost edtech sector

Budget lacks immediate measures to revive ailing sector: Auto industry

The industry however lauded the government's initiative to increase customs duty on imported electric vehicles

Budget 2020: Full text of the memorandum of the Finance Bill tabled in LS

Here is the full text of the memorandum of the Finance Bill as tabled in Lok Sabha by Finance Minister Nirmala Sitharaman

New scheme to end I-T disputes won't attract Vodafone, Cairn: Experts

FM added that in the past, the Modi-led government had taken several measures to reduce tax litigations

Foreign investors will eye growth revival before committing funds to India

Whether the provisions of the Union Budget will succeed in reviving the much needed growth is not entirely clear.

Budget 2020: Read the complete text of the Finance Bill for FY20-21

Here is the detailed text of Finance Bill presented by FM Sitharaman

Budget 2020: Allocation for Environment Ministry up 5% to Rs 3,100 crore

Budget for pollution abatement, which was cut by 50 per cent last year from 2018-19, remained unchanged at Rs 10 crore.

Budget 2020: Govt cuts allocation for PM-Kisan by 27.5 pc for this fiscal

The projection of the number of beneficiary farmers has also been lowered to 14 crore from the earlier 14.5 crore

FMCGs welcome Budget, says reduction in I-T slabs to drive consumption

Terming it as "incremental budget", Dabur India CEO Mohit Malhotra said the government continues to focus on farmers' income and is offering significant sops at the lower end of the spectrum

Full text of Finance Minister Nirmala Sitharaman's Budget speech in LS

Here is the full text of the Budget speech of FM Sitharaman in Lok Sabha

Budget 2020: Govt plans to sell stake in LIC, sets new disinvestment target

Paring its stake in the insurance giant will help the government meet its divestment target, which has been increased to Rs 2.1 trillion in financial year 2021

Budget 2020: Govt stance on wealth creators to lift confidence, says Mittal

He noted that digital technologies are set to become the primary platform for economic activity and growth