Page 28 - Union Budget

The denominator effect of a higher-than-expected nominal GDP

Healthy revenues, failing disinvestment, and rise in nominal GDP may take fiscal deficit from the Budgeted 6.8% of GDP to anywhere between 6.9% and 7.3%

How the Centre plans to use tax data to settle social justice issues

The govt committee on EWS might have set the template for future; EWS limits and income tax exemption limits are now twinned, if the Supreme Court accepts the panel's report

Shortfalls, again

Union Budget must stop relying on disinvestment proceeds

Tax department move to tax goodwill could expand in the next Budget

While the new tax is not retrospective in nature, it will impact foreign companies buying into Indian companies going ahead

Budget 2022-23: Finance ministry turns tight-fisted for next fiscal year

Government managers are not sure if subsidies can be kept in check in FY23 either

Centre not likely to go for any off-Budget borrowing this year

This is a move that has been hailed by economists and policy-watchers as it makes budgeting a more transparent process

Budget 2022-23: Avoid sharp fiscal correction, economists tell FM

According to the source, almost all economists recommended the government not to be too aggressive with their fiscal stance

Sitharaman to hold pre-Budget consultations with prominent economists today

Union Finance Minister Nirmala Sitharaman will hold pre-budget consultations with prominent economists on Wednesday in connection with the forthcoming general budget 2022-23."Union Finance Minister @nsitharaman will chair Pre-Budget consultations with prominent economists tomorrow afternoon, 22nd December 2021, in New Delhi in connection with the forthcoming General Budget 2022-23. The meetings are being held virtually," Finance Ministry said in a tweet.The General Budget is presented by the Finance Minister every year in Parliament on February 1.

Didn't underestimate spending provisions in Budget: FM Sitharaman

Lok Sabha gives assent to additional net spending of Rs 2.99 trn

Brokers want time limit be imposed on Sebi to issue show-cause notices

At present, the Securities and Exchange Board of India Act, 1992 does not prescribe any period of limitation for issuance of a show-cause notice (SCN) or for completion of the adjudication proceeding

Budget 2022-23: Centre may not target sharp fiscal correction

Budget-makers are confident that the net tax collection's Budget target (direct plus indirect) of Rs 15.45 trillion will be exceeded

Budget: PM Modi meets global investors to seek suggestions on investments

Prime Minister Narendra Modi on Friday met with leading private equity/venture capital players to seek suggestions on making India a more attractive investment destination

Budget 2022-23: No major surprise expected in income-tax slabs

Discussion on tax announcements is ongoing in the finance ministry

Net income tax mop-up in FY22 at Rs 7.4 trn, Rajya Sabha informed

Budget makers are confident that the net tax collection's budgeted target (direct plus indirect) of Rs 15.45 trillion will be exceeded

FY23 Union Budget may rewrite SEZ law, says commerce ministry

He said India was also going to relaunch the FTA with Israel by March-April next year.

The turn of the Centre

The Centre should maintain the current year's fiscal consolidation pace to give states more time to adjust

Union Budget should create enabling environment to sustain growth: CII

Sharing its recommendations for the forthcoming Union Budget 2022-23, the CII urged the Centre to continue its investment focus and enhance capital expenditure to promote growth in the economy

Income distinction

Investment income should not be treated differently

Centre mulls tweaking law in Budget to tax cryptocurrency gains

People are already paying capital gains on income from cryptocurrencies, and the GST law provides for taxing such transactions as 'services', Revenue Secretary Tarun Bajaj told PTI

More room likely for states to borrow as FM presents budget next Feb

The Centre has already begun to rejig govt savings market, reviving RBI window for retail investors, the Retail Direct Scheme this month