From farm sector to personal finance, here’s The Indian Express’ full coverage of Budget 2020
Union Budget 2020-21, presented by Finance Minister Nirmala Sitharaman Saturday, carried a visible imprint of the Prime Minister’s fiscal conservatism, inasmuch as it kept a tight leash on expenditure, tacitly admitting there was little headroom for higher spending
Budget 2020: Govt asks RBI to extend MSME loan recast scheme
The government proposal, announced in the Union Budget, would help MSME entrepreneurs – who were hit by demonetization and GST implementation — in supporting their business.
‘We want to gradually remove everything called exemptions’: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman said that deductions and exemptions under the personal income tax regime will be gradually removed but when they are, the government will set attractive rates to make taxation more simple. Excerpts from her post-Budget interview with DD News.
Budget 2020: In line with scheme for indirect taxes, window for direct tax dispute resolution
Under the scheme, Sitharaman said any taxpayer currently in dispute with the government over the pending dues will be allowed to pay just the principal amount.
Union Budget 2020-21: Little room to spend, Govt plays safe on fisc, banks on demand
Union Budget 2020-21, presented by Finance Minister Nirmala Sitharaman Saturday, carried a visible imprint of the Prime Minister’s fiscal conservatism, inasmuch as it kept a tight leash on expenditure, tacitly admitting there was little headroom for higher spending.
Explained: Will Budget 2020 work in getting the Indian economy back on track?
With the economy in deep crisis, what were the options before Finance Minister Nirmala Sitharaman in the Union Budget for 2020-21? With limited resources at her disposal, she has tinkered with several aspects of the economy. But will this strategy work in getting the Indian economy back on track?
High-salaried to be hit: Employer’s annual share to PF, NPS over Rs 7.5 lakh will be taxed
The Union Budget for 2020-21 has proposed a combined cap of Rs 7.5 lakh for the employer’s contribution to these three categories of payouts, with the amount over and above this to be taxed in the hands of the employees.
Explained: Why the markets fell, recorded sharpest Budget-day dip in 11 years
The benchmark Sensex fell 1092 points intra-day and closed 988 points down at 39,735.53. The broader Nifty at the National Stock Exchange fell 2.5 per cent to close at 11,661.
Union Budget 2020: DDT scrapped, compliance onus on investors
The current system of levying DDT leads to an increased tax burden for individuals, the Finance Minister said, adding that it cascaded for investors who were liable to pay tax at rates less than that of DDT, if the dividend is included in their income.
Govt invokes clause in FRBM Act to raise fiscal deficit target to 3.8% from 3.3%
For the next year, the government is relying heavily on non tax revenue – for example, target for disinvestment receipts is up more than three times at record Rs 2.1 lakh crore in 2020-21 – to bridge the revenue gap.
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