Page 19 - Budget 2020

Budget 2020: In a marginal hike, defence budget raised to Rs 3.37 trillion

The total outlay does not include Rs 1.33 lakh crore set aside separately for payment of pensions

Railways get Rs 70,000 crore from Budget; capex spend pegged at Rs 1.61 trn

In 2019-2020, the capital expenditure (RE) was Rs 1.56 trillion, which was 17.2 per cent more than the capex of 2018-2019

Budget 2020: Govt's subsidy bill pegged higher at Rs 2.27 trn for FY21

Of the total subsidy bill estimated for the next financial year, maximum fund allocation has been made for food, followed by fertiliser and fuel

Budget 2020: Rs 4,400-cr outlay for clean air, old power plants to be shut

The power sector is facing stress due to poor financial conditions of discoms in the country

Captains of industry welcome Budget 2020, offer suggestions to FM

Head (treasury) of Lakshmi Vilas Bank R K Gurumurthy said tinkering with the personal tax and some structural changes in the way DDT

Budget 2020: 'Vivad se Vishwas' scheme to cut down direct tax litigation

Under the proposed scheme, a taxpayer would be required to pay only the amount of the disputed taxes and will get complete waiver of interest and penalty provided he pays by March 31, 2020.

Taxpayers opting for new tax slabs to forego deductions on PF, tuition fee

As per the Budget document, an individual taxpayer opting for the new tax regime will not be entitled for deduction under 80C of the Income Tax.

FM Sitharaman's Budget 2020: Here's a list of winners and losers

FM Nirmala Sitharaman on Saturday unveiled the budget for fiscal 2020-21, vowing to boost income of Indians and their purchasing power, in a bid to revive domestic economic growth that has slumped

Budget 2020 has a lot of positives, but 'dil maange more'

With emphasis on privatisation, productivity should improve in the long run.

Budget 2020: Govt pegs disinvestment target for FY21 at Rs 1.20 trillion

Sitharaman in her Budget Speech also proposed listing of LIC on the stock exchanges through an initial public offer

Govt marginally reduces investments by seven power PSUs to Rs 44,468 crore

Satluj Jal Vidyut Nigam will invest Rs 2,880.00 crore in 2020-21 compared with Rs 1,200 crore budgeted for 2019-20

Not too good and not too bad: Economists offer mixed reviews to Budget

Domestic brokerage firm Geojit Financial Service's economist Deepthi Mary Mathew also said the budget does not meet expectations

Tax provisions good, but govt should be mindful of related costs

All in all, present budget is forward looking and in line of promoting the primary goal of 'ease of doing business and automation'

Budget proposes 11% hike in farm credit to Rs 15 trillion for FY21

The government also proposed promoting 'one product one district' for better marketing and export of horticulture crops.

Budget 2020: BSNL, MTNL to get Rs 37,640 crore from govt in FY-21

The capital infusion for 4G spectrum will help the debt-ridden PSUs to compete with private sector players who have rolled out pan-India 4G services

FM for cutting withholding tax to boost listing of bonds at IFSC exchange

The move will attract more international investors at IFSC exchange

Budget 2020: Space sector share up 8% to Rs 13,479 cr to develop space tech

In launch vehicles, Isro expects to fly its first small rocket with a carrying capacity of 500-700 kg in the next few months

Investors lose Rs 3.5 trn m-cap as Sensex tumbles over 2% on Budget day

Total investor wealth, measured in terms of the cumulative market value of all listed stocks on BSE, fell by Rs 3.5 trillion today to Rs 153 trillion, the exchange data shows.

Budget 2020: Tobacco, imported products, furniture, footwear to cost more

A large number of items including cigarettes, chewing tobacco along with imported products, like edible oils, fans, table, footwear, electric vehicles, tableware, kitchenware, toys and furniture are set to become more expensive due to hike in taxes proposed in the Union Budget for 2020-21. On the other hand, newsprint, sports goods, microphone will become cheaper as Finance Minister Nirmala Sitharaman proposed reduction in duties on these items in the Budget for 2020-21. Following is a list of imported items that will become costlier following the announcements in the Budget -- > Butter ghee, butter oil, edible oils, peanut butter > Whey, meslin, maize, sugar beet seeds, preserved potato > Chewing gum, dietary soya fibre, isolated soya protein > Walnuts (shelled) > Footwear, shavers, hair clippers, hair-removing appliances > Tableware, kitchenware, water filters, glassware > Household articles of porcelain or china > Rubies, emeralds, sapphires, rough

Union Budget was 'growth provoking and welfare inducing', says India Inc

India Inc on Saturday termed the Budget as "growth provoking and welfare inducing" but said that urgent implementation of the measures proposed will be crucial for achieving desired outcomes, while acknowledging that Finance Minister Nirmala Sitharaman had "little room" to manoeuvre. Soon after Sitharaman unveiled the Union Budget for 2020-21 in Parliament woven around the themes of aspirational India, and economic development for all and caring society, India Inc took to Twitter to share views on the announcements. The finance minister proposed new slabs and reduced tax rates under them for an individual income of up to Rs 15 lakh per annum, if a taxpayer opts for foregoing exemptions and deductions. She also proposed to remove dividend distribution tax on companies, and henceforth the tax will be shifted to recipients at the applicable rate. "Amidst global turbulence and nations dealing with bushfires & corona virus, FM Sitharaman has looked to craft a granular long-term ...