Page 20 - Finance Minister

GST compensation to states delayed due to low realisation of cess: FM

At the time of the introduction of GST, it was agreed that the Centre would compensate states for shortfall in GST collections as per a defined formula

As the govt's debt rises, will it need another fiscal escape clause soon?

Understanding the circumstances under which the finance minister chose to use the escape clause under the FRBM Act will be a useful exercise

Economy showing signs of revival, green shoots visible: FM Sitharaman

She said FDI stood at $24.4 billion at the end of November 2019, as against $21.1 billion the year before

Industry urges FM Nirmala Sitharaman to change tax settlement scheme

Sources in Ficci say the lacuna of the scheme is that 100% of the disputed tax has to be paid

Marathons, but no winners

In this season of heightened awareness of a functional democracy, we need to realise that the travesty of Budgetary accountability is yet another step in the direction of citizens' disempowerment

Top 10 biz headlines: SoftBank for stake in Mahindra EM, RBI on telco loans

From SoftBank eyeing minority stake in Mahindra Electric Mobility to DRDO chief calling for developing future tech, here are top 10 business headlines of the day

12% tax revenue growth achievable in 2020-21 fiscal, says Revenue Secy

The 2020-21 Budget has pegged gross tax revenues for 2020-21 at Rs 24.23 trillion, up 12 per cent from Rs 21.63 trillion in the current fiscal

City industrialists air concerns to FM Sitharaman over Budget 2020

The finance minister is in city to discuss the government's vision on the budget with the stakeholders of various sectors

Govt wants continuous engagement with businesses, industries: FM Sitharaman

She said the Centre has introduced some features in the budget like "faceless appeals and sorting out of problems while imparting tax administration"

Will involve retail investors in LIC IPO, says FM Nirmala Sitharaman

Move will benefit employees, policy holders and agents, says LIC chairman

Dairy sector hopes to attract Rs 60,000 cr, create 10 mn jobs over 5 years

FM had announced a target of doubling the annual milk processing capacity to 106 MT, from the existing 53 MT in five years

The great expectations challenge

Instead of grand visions and big announcements, the Budget should have focused on managing expectations around the current economic cycle

Top-down Budget

A whole host of Budget announcements has a distinct imprint of the Prime Minister

Call disinvestment 'recycling' for better optics: Industry executive to FM

"Even my father keeps asking me why government companies are being sold," the executive quipped

Nirmala Sitharaman's Budget 2020 is a disappointment at many levels

We may well end up with the same budgetary mess that we have experienced this year

Budget has many measures, but growth revival needs more strategic thinking

Budget has a large number of measures, but they are useful in the small

FM Sitharaman's Budget speech: A perfect start to an imperfect end

It was mostly well-wishers from the Opposition and the NDA that kept the finance minister cocooned with good wishes until it was time to leave

Budgeting for polls: With one eye on Delhi, claims and promises galore

Not only Opposition, RSS wing too protests PSU divestment plans

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: 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.