Page 8 - Budget 2020
Money raised through disinvestment will be used to develop infra: FM
The government set an ambitious disinvestment target of Rs 2.10 trillion for the next financial year, which includes selling stake in BPCL and LIC
 "Money raised through disinvestment will be used to develop infra: FM")
To boost domestic investment, Sitharaman's Budget focuses on foreign firms
A fiscally-strapped finance ministry was not expected to hand out any major sectoral sops. It has offered, instead, room for larger sector-agnostic investments, in spite of the protectionist character
 "To boost domestic investment, Sitharaman's Budget focuses on foreign firms")
Govt not included AGR dues payment in Budget 2020-21: DEA Secretary
15 entities owe the government about Rs 1.47 trillion in past dues -- Rs 92,642 crore in unpaid licence fee and another Rs 55,054 crore in outstanding spectrum usage charges
 "Govt not included AGR dues payment in Budget 2020-21: DEA Secretary")
Budget stimulus unlikely to revive India's growth from slowdown: Experts
Economists and industry leaders said the budget proposals would provide some support to growth over the longer term but were insufficient to give it an immediate boost
 "Budget stimulus unlikely to revive India's growth from slowdown: Experts")
Govt very transparent in setting new fiscal deficit target: FM Sitharaman
She further said that many people have been speculating that the fiscal deficit would cross 4%
Power industry hails proposal for smart prepaid metering across the country
Power ministry has been planning it for two years, but with limited success
 "Power industry hails proposal for smart prepaid metering across the country")
Budget data suggests some AGR dues payment likely in FY20: Goldman Sachs
Telcos' ability to participate in spectrum auctions in the near term remains an uncertainty, it observed
 "Budget data suggests some AGR dues payment likely in FY20: Goldman Sachs")
It's a pragmatic Budget, will put India on right track: Amitabh Kant
He further said if the government will be able to achieve disinvestment target of 2020-21 then the Budget will be very successful
 "It's a pragmatic Budget, will put India on right track: Amitabh Kant")
UP plans to formulate state policies in accordance with Budget 2020
State aims at maximising gains from central government schemes
New tax structure will leave more cash in the hands of people: Revenue Secy
He said the Budget gives an option to individuals to migrate to a new regime by foregoing their existing exemptions and deductions for a lower tax rate
 "New tax structure will leave more cash in the hands of people: Revenue Secy")
Podcast: T N Ninan and A K Bhattacharya dissect Budget 2020
Has Finance Minister Nirmala Sitharaman delivered a fiscally prudent and growth-oriented Budget 2020? Business Standard Chairman T N Ninan and Editorial Director A K Bhattacharya discuss
 "Podcast: T N Ninan and A K Bhattacharya dissect Budget 2020")
Market Wrap, Feb 3: Sensex gains 137 pts, Nifty ends above 11,700
Market breadth remained in favour of declines as out of 2,645 companies traded on the BSE, 966 advanced and 1,495 declined while 184 remained unchanged
 "Market Wrap, Feb 3: Sensex gains 137 pts, Nifty ends above 11,700")
Budget: No tax relief for home buyers stuck in stalled projects, says FPCE
Real estate developers' apex bodies CREDAI and Naredco have also expressed disappointment over the Budget as their demand of one-time restructuring of builders' loan was not met
 "Budget: No tax relief for home buyers stuck in stalled projects, says FPCE")
LIC IPO: Interest of policyholders will be protected, says Anurag Thakur
Listing of LIC will help bring in greater transparency, public participation and also deepen the equity market, he said
 "LIC IPO: Interest of policyholders will be protected, says Anurag Thakur")
India's fiscal slippage announced in budget for FY21 is modest: Fitch
The new budget now explicitly recognizes borrowing from the National Small Savings Fund of 0.8% of GDP in both FY20 and FY21, to finance food subsidies., Fitch said
 "India's fiscal slippage announced in budget for FY21 is modest: Fitch")
Not all NRIs need to pay tax, here's what FM clarified post budget speech
Finance minister clarified that only Indian income of NRIs is proposed to be taxed under the new provision
 "Not all NRIs need to pay tax, here's what FM clarified post budget speech")
Budget 2020: Housing demand may feel squeeze despite sops, say experts
Knight Frank's Baijal said unless demand picks up across all price segments, there won't be any real recovery in real estate
 "Budget 2020: Housing demand may feel squeeze despite sops, say experts")
Dear FM, don't be scared of my questions, youth want jobs: Rahul Gandhi
He said Union Finance Minister Nirmala Sitharaman should not be afraid of answering questions raised by him on behalf of the youth, to whom the government is answerable
 "Dear FM, don't be scared of my questions, youth want jobs: Rahul Gandhi")
Budget 2020: FM Nirmala Sitharaman leaves India Inc disappointed
Disillusioned corporates feel measures are unlikely to spur consumption
 "Budget 2020: FM Nirmala Sitharaman leaves India Inc disappointed")
Budget session LIVE updates: Congress protests against Anurag Thakur in LS
Budget 2020 Live: Finance Minister Nirmala Sitharaman today presented the annual Union Budget 2020-21 in Parliament. Follow Business Standard for LIVE updates
 "Budget session LIVE updates: Congress protests against Anurag Thakur in LS")
