Budget 2020

New Delhi: The Union Budget for 2020 contains direct tax proposals in the Finance Bill to tax the retirement fund of an employee, which has been called a retrograde step by experts. The budget proposals seeks to limit the exemption of contribution of Employer to...

Bhubaneswar: The Odisha government in its maiden budget of the new term in the state has come out with two new separate budget documents especially crafted on the issue of climate and nutrition. The government claimed that the state became the first Indian state to...

Bhubaneswar, Feb 18: State Finance Minister Niranjan Pujari Tuesday tabled the State Budget for 2020-21 in the Assembly and announced doubling or increased allocations for several sectors including industries, science and technology and forest conservation among others. For a change, the minister read out the...

New Delhi: The government has decided to pump Rs 1,300 crore into state-owned Export-Import Bank of India (Exim Bank) to fund its business growth. Last year, the government doubled its authorised capital from Rs 10,000 crore to Rs 20,000 crore. “The (Rs 1,300 crore) provision...

New Delhi: In line with the Budget announcement , Government would issue special series bonds in rupees which will be completely outside capital controls to let the foreign investors buy and sell these sovereign rupee bonds freely, principal economic advisor Sanjeev Sanyal has said. "Normally...

New Delhi: Finance Minister Nirmala Sitharaman said Tuesday the economy is not in trouble and green shoots are visible with the country moving towards a USD 5 trillion economy. Listing initiatives taken by the government, Sitharaman said, increasing Foreign Direct Investment (FDI), rise in factory...

New Delhi: Former Finance Minister P Chidambaram tore Monday into Narendra Modi government’s handling of the economy. He said the economy was ‘perilously close to a collapse’ and was being attended to by ‘incompetent doctor’". The economy, Chidambaram said, was facing twin problems of rising...

Kolkata: Finance Minister Nirmala Sitharaman Sunday said the latest Union Budget has laid the foundation for increasing consumption and building assets such as in infrastructure to lead towards building a $5 trillion economy. "I think we have laid the foundation for increasing consumption, ensuring that...

Mumbai: The Reserve Bank of India (RBI) does not see any major impact on the balance-sheets of banks due to the five-fold hike in deposit insurance to Rs 5,00,000. Following the failure of a number of cooperative banks, with the city-based Punjab & Maharashtra Cooperative...

Mumbai: Even as Maharashtra Chief Minister Uddhav Thackeray has questioned the high costs and feasibility of the bullet train project, it has now emerged that the Union Government has allotted Rs 5,600 crore for the ambitious project for fiscal 2020-21. Prime Minister Narendra Modi wants...