Page 24 - Budget 2022

Economic Survey: Railways target 100% electrification by Dec 2023

The Indian Railways (IR) has set a target of 100 per cent electrification of its network by December 2023, said economic survey 2021-22.

Eco Survey 21-22: Supply management, cut in fuel duties help control prices

Consumer price index-based inflation has remained well within RBI's sub 6-per cent comfortable zone during April-December period of FY22

Sensex ends 814 pts higher ahead of Budget-day in broad-based rally

Large part of today's rally in the headline indices was led by IT stocks such Tech M, Wipro, Infosys and HCL Tech; financials such as Bajaj twins and SBI, and index heavyweights RIL

Economic Survey: India's total consumption likely to grow 7% in FY22

India's total consumption is estimated to have grown by 7 per cent in FY22 with government consumption being the biggest contributor, the Economic Survey tabled in Parliament on Monday said

Economic Survey says economy well placed to take on FY23 challenges

The Indian economy is well placed to take on the challenges of 2022-23, suggest macro-economic stability indicators, said Eco Survey which was presented in the Parliament on Monday by Finance Minister

Economic Survey forecasts 8%-8.5% GDP growth for FY23 ahead of Budget

Govt finances to witness consolidation in 2021-22, after uptick in deficit and debt indicators during pandemic year FY21, says Eco Survey

Sops for green energy? Here's how Tata Power, Adani Green look on charts

Adani Green so far this month has rallied 45% per cent, sustained trade above Rs 1,900-level can trigger a fresh 15 per cent surge

Budget 2022: CII sees uptick in India consumption by next quarter

The industry, hit by some curbs to control the omicron variant, is expecting relief measures in the budget due Tuesday

Budget 2022: What to expect on bank privatisation, subsidy reforms?

The centre's plan to privatise two state-owned banks continues to be in limbo. Food and fertiliser subsidies are also going to be critical in Budget 2022. Let's take a deep dive on the estimates

Budget 2022 proposals to determine trajectory of Indian equities this week

The Union Budget FY23's proposals will determine the trajectory of the Indian equities markets during the coming week

Budget 2022: Fintech industry seeks incentives to push financial inclusion

Stepping up demand for tax concessions in the forthcoming Budget, the fintech industry is stressing that the fiscal and non-fiscal incentives are needed to promote financial inclusion and move towards a less-cash economy. The fintech industry and experts have urged Finance Minister Nirmala Sitharaman to lower the TDS rates, saying such a move would free the capital for the sector without any impact on the government's revenue. Sitharaman is scheduled to present the Union Budget for the next financial year on February 1. Nitin Jain, Partner, Financial Services, PwC India, said qualification criteria for digital lenders, short-term credit, partnership guidelines with loan service providers, data governance norms, transparency norms are all required to ensure an optimal business environment for digital lending. Mihir Gandhi, Partner & Payments Transformation Leader, PwC India, stressed on increasing the scope of the Payments Infrastructure Development Fund (PIDF) and introducing ...

Budget 2022: ICAI seeks 14 tax, accounting reforms to make laws simple

The Institute of Chartered Accountants of India (ICAI) has sought about 14 tax and accounting reforms in the upcoming Union budget. The suggestions essentially aim at making laws simple, fair, transparent. less litigative and user friendly, ICAI president Nihar N Jambusaria said. There are about 14 suggestions from our end submitted to the Central Board of Indirect Taxes & Customs (CBIC) for consideration, he said on the sidelines of an international conference of CA students. The suggestions include permitting carry back of losses and introducing suitable legislative amendments for its application. It is relevant for hospitality, passenger transport and some other sectors. Regarding depreciation on slump sale, the ICAI suggested amendment of a provision of the Income Tax Act to clarify the legal position as to whether depreciation can be claimed on the basis of proportionate number of days by the transferer and the transferee company. It also proposed that Section 12 of the Act .

Budget 2022 likely to boost spending with near-record debt, hold tax rates

Finance Minister will probably increase the budget by about 14% year-on-year to Rs 39.6 trillion in the fiscal year beginning April.

Budget 2022 should boost consumption via tax breaks, fuel tax cuts: Report

In a pre-budget report, India Ratings said it expects the new budget to consolidate and strengthen the plan set out in the last budget

Budget 2022 expectations: Infra boost to bring Atma Nirbharta, says industry

Infrastructure is the backbone of a modern economy. Take a look at what the infrastructure sector expects from Union Budget 2022

Budget 2022 expectations: Fintech seek tax benefits, clarity on crypto

Budget 2022 expectations: Tax incentives to consumers and merchants, clarity on cryptocurrency and ease of doing business, here's what Fintech industry wants from finance minister Nirmala Sitharaman

Budget 2022: Targeted incentives likely for promoting green hydrogen

The government may provide for targeted fiscal incentives and allocation of funds for promotion of green hydrogen in the country in Union Budget 2022-23, which is slated to be unveiled in Parliament on Tuesday. The government launched National Hydrogen Mission in 2021. Earlier this month, Power and New & Renewable Energy Minister R K Singh had indicated that a green hydrogen policy will be unveiled in February which would feature many incentives to boost green hydrogen in the country. "While 2021 saw the launch of National Hydrogen Mission, it is likely that the Budget may provide for targeted fiscal incentives for R&D in green hydrogen segment, creation of domestic supply chain for hydrogen and reduce customs duties on electrolysers to boost green hydrogen production," says Venkatesh Raman Prasad, Partner, J Sagar Associates (JSA). Prasad is of the view that India's commitment at COP 26 of achieving net zero emissions by 2070 and meet 50 per cent of energy requirements from .

Budget 2022: Expectations on changes in income-tax slabs and rates

Union Budget 2022-23: Expectations on changes in income tax slabs and rates

Budget 2022: With FIIs as net-sellers, market could remain volatile

Markets continued to remain volatile and unsure of which direction they should move. Post the FED meeting what did become clear was the fact that interest rates would rise in March

Budget 2022 should bring more PLI rates to boost job creation in mfg: CII

Ahead of the Union Budget 2022-23, industry body CII pitched for additional incentive rates to be included in PLI Schemes based on the number of jobs created.