Page 25 - Union Budget

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: Expectations on changes in income-tax slabs and rates

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

Markets eye Economic Survey, Budget 2022 this week

Budget 2022 announcements are catalysts for market trends and they clock a post-Budget rally if it books profit ahead of it. Here're data points that the Street awaits from Economic Survey & Budget

What is Expenditure Budget?

When FM Nirmala Sitharaman presents the Budget tomorrow, the focus will be on a document that shows total expenditure of the govt. It is classified as Expenditure Budget. This report tells about it

Naidu to chair virtual meeting with parties on RS agenda for budget session

Rajya Sabha Chairman M Venkaiah Naidu will hold a virtual meeting with leaders of various parties and groups in the House on Monday evening for setting the agenda for the Budget session of Parliament

Make investments more attractive in pharma sector: Pre-Budget survey

A pre-budget expectations survey showed increasing demand for making investments more attractive in the pharmaceutical industry.

PM Modi to address BJP workers virtually on Feb 2: Sources

A day after the Union Budget is tabled in the Parliament, Prime Minister Narendra Modi will address BJP workers across the country virtually on February 2 at about 11 AM, sources said

Budget 2022: Brokerages expect duty cut on metals to spur margins

Reduction in import duty on raw materials and finished products of steel, and higher allocation under infrastructure and housing for all schemes in the Budget could augur well for domestic industry

Budget 2022-23: Clarity on PSB privatisation is expected, say brokerages

Some clarity on the privatisation of two public sector banks, announced in last year's Budget, is expected

Budget 2022: Sops to boost investment in real estate sector, say brokerages

There are multiple expectations from firms in the real estate sector, the second largest employer after agriculture

Budget 2022: Cement sector may shine with infra announcements, say analysts

Schemes to develop rural infrastructure and boost incomes, coupled with an extension of real estate incentives, would be key triggers for the sector in the Budget

Capital goods: Capex push likely in Union Budget to support growth

The Budget is expected to push public capital expenditure (capex) and simultaneously create a conducive environment for private capex

Budget 2022-23: Job creation to drive auto sales, say brokerages

When the government announces the Union Budget on Tuesday, brokerages and rating agencies expect measures to make automobiles, particularly two-wheelers, more affordable

More than 50% of the Centre's annual spending is unproductive, shows data

Will Budget 2022-23 be transformative enough to give developmental spending a majority share in the expenditure mix?

What is Revenue Budget?

The govt is now giving final touches to the contours of Union Budget 2022. The Budget can be classified into two parts -- the Capital Budget and the Revenue Budget. Find out what is Revenue Budget

TMS Ep96: IT growth, crude oil price, Somasundaram PR, Revenue Budget

Will Indian IT industry sustain its growth momentum? How will $120 crude oil price spoil India's budget math? How gold demand will pan out in 2022? What is the Revenue Budget? All answers here

Union Budget 2022-23: Exporters call for a PLI scheme for containers

Exporters are also hoping for an extension of the Interest Equalization Scheme (IES) for three-five years

Union Budget 2022-23: Halwa gives way to sweets amid Omicron fears

To maintain the secrecy of the Budget, there is a 'lock-in' of the officials involved in preparing the documents