An evaluation of 13,000 MSMEs using the CRISIL Quantix database shows that working capital comprises over half of their need for debt
15 entities owe the government about Rs 1.47 trillion in past dues -- Rs 92,642 crore in unpaid licence fee and another Rs 55,054 crore in outstanding spectrum usage charges
Economists and industry leaders said the budget proposals would provide some support to growth over the longer term but were insufficient to give it an immediate boost
She further said that many people have been speculating that the fiscal deficit would cross 4%
Power ministry has been planning it for two years, but with limited success
He further said if the government will be able to achieve disinvestment target of 2020-21 then the Budget will be very successful
He said the Budget gives an option to individuals to migrate to a new regime by foregoing their existing exemptions and deductions for a lower tax rate
Has Finance Minister Nirmala Sitharaman delivered a fiscally prudent and growth-oriented Budget 2020? Business Standard Chairman T N Ninan and Editorial Director A K Bhattacharya discuss
Real estate developers' apex bodies CREDAI and Naredco have also expressed disappointment over the Budget as their demand of one-time restructuring of builders' loan was not met
Finance minister clarified that only Indian income of NRIs is proposed to be taxed under the new provision
Knight Frank's Baijal said unless demand picks up across all price segments, there won't be any real recovery in real estate
Disillusioned corporates feel measures are unlikely to spur consumption
Budget 2020 Live: Finance Minister Nirmala Sitharaman today presented the annual Union Budget 2020-21 in Parliament. Follow Business Standard for LIVE updates
Experts further said that e-commerce companies already deduct 1 per cent TDS under the Goods and Services Act
As nearly 30-40% of premium inflow draws support from tax incentives, private insurers stare at weak earnings growth in FY21
Slowdown in economic growth has taken a clear toll on revenue growth
The tax proposals are aimed at stimulating growth, simplifying tax structure, bringing ease of compliance and reducing litigation
This is because the Union Budget does not have provision for any expenditure towards the programme in the current fiscal year
In the highways sector, the debt of the National Highways Authority of India has weighed down on the projections for next year
Experts see the Budget announcement positive for investments both in InvITs and the toll-operate-transfer mode (TOT)