India TV Digital spoke to Former Finance Secretary CM Vasudev, who advocated a one-time vaccine cess this year. He also spoke at length about varous budget aspects, including generating new employment opportunities, tax relief to the salaried class, fiscal deficit and more.
Punjab Finance Minister Manpreet Singh Badal presented state govt Budget 2020 of Rs 1.54 lakh crore on Friday. One of the key announcement made by the Punjab Finance Minister is reducing the retirement age of government employees to 58 and releasing 6% pending DA arrears in a week's time.
The budget proposals seeks to limit the exemption of contribution of Employer to retirement funds to the retirement fund kitty of an employee, which would be tax exempt to an arbitrary figure of Rs 7.50 lakh.
Throwing his weight behind Finance Minister Nirmala Sitharaman's budget numbers, Reserve Bank Governor Shaktikanta Das has said that there is no reason to doubt that the government will be able to cut fiscal deficit to 3.5 per cent of the GDP in the fiscal beginning April 1.
The Income Tax department has launched an e-calculator to answer all your queries on the new vs old tax regime. People can calculate how much they will have to pay in eighter of the tax regimes, how much they can save and which scheme will be suitable for an individual.
RBI pegged India's growth rate in the next financial year at 6% and 5% in the current fiscal and decided to maintain the status quo on the benchmark interest rate.
The Budget does not provide any counter-cyclical stimulus to boost consumption, and the Reserve Bank will have to do the heavy lifting to boost growth by cutting rates, the country's largest private sector lender HDFC Bank said on Wednesday. The budget announcements are also not inflationary in nature, and the Reserve Bank can cut rates as early as in the June review, it said.
The Union Budget 2020-21 implies a modest degree of slippage from previous targets to consolidate public finances, it said. "However, its contents are consistent with our expectations when we affirmed the country's sovereign rating at 'BBB-'/Stable in December 2019."
Union Budget 2020 was announced by Finance Minister Nirmala Sitharaman on Saturday. In her speech that lasted over 2 hours and a half hours, the FM spoke on tax slabs, GST, 5 trillion economy amongst other things. Like every budget, reallocation of funds to ministries was one in the Budget 2020.
Taking a jibe at PM Modi, Congress leader Rahul Gandhi posted an old video of Prime Minister exercising saying please try "your magical exercise routine a few more times" as it may just start the economy. His statement has come in the backdrop of Union Budget 2020 which according to Gandhi was hollow and lacked roadmap to revive economy.
With an aim to simplify recruitment process in various examinations, the Finance Minister Nirmala Sitharaman on Saturday proposed to set up a National Recruitment Agency (NRA) that would conduct a common entrance test for all the non-gazetted government and Public Sector Banks posts that comes under category of Group B, Group C, and Group D government jobs.
7th Pay Commission: The PM Modi-led Central government introduced the Union Budget for FY 2020-2021 in Parliament on Saturday. Lakhs of govt employees awaited for some good news for them in the new budget 2020.
Amazon and Flipkart are studying Budget 2020 as the government has proposed a new levy of 1 per cent TDS (tax deducted at source) on e-commerce transactions, a move that could increase burden on sellers on such platforms.
Union Budget presented by Finance Minister was hailed as being pro-farmer. A survey carried out by IANS-CVoter post-budget poll, however, indicates that the budget has failed to capture the imagination of the middle class. The poll compiled people's responses to a series of questions aimed at measuring popular perception about the Union Budget in the context of issues such as the economy and employment.
Speaking on Union Budget for the financial year 2020-21, Kerala Finance Minister TM Thomas Isaac said, "Kerala has suffered.
Government-owned insurance behemoth Life Insurance Corporation of India (LIC) is likely to become the country's biggest company by market capitalisation with an estimated valuation of Rs 8-10 lakh crore. With a Rs 30.5 lakh crore balance sheet as of FY19, even a 25 per cent stake sale by the government will mean a bumper listing.
Rajasthan Congress chief Sachin Pilot on Saturday termed the budget "directionless" and said it lacked a roadmap to address unemployment.
The Union Budget proposals are 'totally disappointing' and the Centre has shown discrimination towards Telangana by imposing substantial cuts in funds to be released to the state, Chief Minister K Chandrasekhar Rao said here on Saturday.
The Budget 2020 allocated the Union Ministry of Home Affairs (MHA) Rs 1.67 lakh crore, an increase of Rs 48,225.05 crore from the previous allocation of Rs 1.19 lakh crore in 2019-20, with the bulk of the money going to police, paramilitary and infrastructure programmes.
Chief Minister of Madhya Pradesh Kamal Nath hit out at Prime Minister Narendra Modi government over Union Budget 2020. He said that in last 5 years Modi government's budget only increased unemployment.
Top News
Latest News
