Page 43 - Union Budget

Govt may reduce oil subsidy allocation by half in FY22 Union Budget

A major saving on the subsidy is expected to come from reduced government support for domestic LPG cylinders

FIDC seeks liquidity support for smaller NBFCs in upcoming budget

FIDC has written to the Finance Minister Nirmala Sitharaman seeking measures to improve liquidity support for small and mid-sized NBFCs in the FY22 Union Budget

Tax parity with ULIPs tops Afmi's wish list ahead of Union Budget

Amfi has reiterated its long-standing demand of bringing parity in tax treatment between MFs and unit-linked insurance plans (ULIPs), both of which are investment products and invest in securities

Banking on Budget: Some key indirect tax measures govt should focus on

Having multiple GST rates not only leads to complexities in compliance and tax structure, but also does not optically make India tax-friendly and competitive globally

Don't tweak inflation target range: Economists tell FM in pre-Budget talks

The current range of 2-6 per cent is valid till this fiscal year-end

Beyond Headlines: Govt must invest in small-gestation projects to expedite recovery

Many think that the Narendra Modi government has spent a lot this year, especially to mitigate issues faced by people in the wake of the coronavirus pandemic. But has it? It’s true that the government has announced stimulus packages to the tune of Rs 30 trillion. But if one were to make a comparison, the govt expenditure this year (till October-end) was roughly the same as last year. Given that expenditure was budgeted to be 13 per cent more this year, it is expected that the finance minister will spend more to expedite economic recovery. But where should she spend? Infrastructure, many say. Yes, of course the government should spend on infrastructure, but will that yield immediate benefits? Watch the video to learn more >

Beyond Budget Headlines with AKB: Govt should invest in small-gestation projects

In this second episode of our special video series on Budget, A K Bhattacharya talks about fiscal deficit target, government spending and disinvestment goals

Beyond Headlines: Should there be a range for fiscal deficit target?

The govt expenditure this year (till October-end) was at roughly the same level as that seen in the same period last year

FM pledges Budget like 'never before' as govt looks to revive economy

Finance Minister Nirmala Sitharaman on Friday promised a "never before" like Union Budget as the government looks to steer the pandemic-battered economy and push growth. While investment in health, medical Research & Development (R&D) and developing greater skills to handle telemedicine is going to be critical, livelihood challenges would have to be seen in a newer canvas with newer perspective on vocational training and skill development. "Send me your inputs so that we can see a Budget which is a Budget like never before, in a way. 100 years of India wouldn't have seen a Budget being made post pandemic like this. "And that is not going to be possible unless I get your inputs and wish list, clear observation of what has put you through the challenge... Without that, it is impossible for me to draft something which is going to be that Budget like never before, a Budget which is being made after a pandemic," Sitharaman said while addressing the CII Partnership Summit 2020. The .

Health sector wants higher outlay, universal insurance in upcoming Budget

Govt officials say health outlay will have to rise significantly not just for vaccine expense but also for creation of supporting infra and distribution channels

Bold reforms have ensured steady FDI flow even during pandemic: FM

Says govt initiated big reforms in agriculture and labour codes

State govts worry as Centre plans to trim schemes in upcoming Budget

Govt looks to rationalise centrally sponsored schemes due to fiscal constraints

Banking on Budget: A clear case for restructuring expenditure in favour of capex

In the wake of the coronavirus pandemic, Budget 2021-22 will be full of challenges. Here are some recommendations for Finance Minister Sitharaman from D K Srivastava, chief policy advisor, EY India

NBFCs seek relaxation in eligibility to recover loans under SARFAESI Act

The request has been made considering the recovery of small-ticket loans given to MSMEs, and proposes to bring parity in recovery of soured loans by banks and non-bank lenders

Budget will focus on infra to revive economic growth: FM Sitharaman

Recognising that this is an unusual year, borrowing has been kept at levels so that the government can quickly put the money back in projects, Sitharman said

India Inc seeks growth-oriented budget, higher health spend from FM

Says fiscal consolidation be pushed for later years or formulated from three-year perspective

Beyond headlines: Will Budget 2021 be pandemic Budget or lockdown Budget?

In the first of a series of videos in the run-up to the Budget, Business Standard Editorial Director A K Bhattacharya gives his expert views on what to expect from this Budget

Beyond headlines: Will Budget 2021 be pandemic Budget or lockdown Budget?

Finance Minister Nirmala Sitharaman’s Budget 2021 is set to be one of the most important Budgets in India’s history. Even if the economic growth was flagging for a couple of quarters before the coronavirus struck, the pandemic and the nationwide lockdowns to contain its spread dealt a body blow to economic activities. Coming as it against this backdrop, the Budget will be keenly watched by all for more policy moves to prop up the economy. In the first of a series of videos in the run-up to the Budget, Business Standard Editorial Director A K Bhattacharya gives his expert views on what to expect from this Budget.

Finance Minister mulling 75% reduction in foreign travel budget for FY22

The Covid-19 pandemic and the ensuing restrictions in mobility may result in a 75% reduction in the budgetary allocation for foreign travel in FY22

Faceless Income Tax appeals deter participation in Vivad Se Vishwas scheme

With the appeals process going faceless from September onwards, there are no jurisdictions for the Commissioner of I-T (Appeals), or CIT(A), to approve the withdrawal request