Page 202 - Budget 2026 News

Budget 2020: Govt pegs disinvestment target for FY21 at Rs 1.20 trillion

Sitharaman in her Budget Speech also proposed listing of LIC on the stock exchanges through an initial public offer

Govt marginally reduces investments by seven power PSUs to Rs 44,468 crore

Satluj Jal Vidyut Nigam will invest Rs 2,880.00 crore in 2020-21 compared with Rs 1,200 crore budgeted for 2019-20

Not too good and not too bad: Economists offer mixed reviews to Budget

Domestic brokerage firm Geojit Financial Service's economist Deepthi Mary Mathew also said the budget does not meet expectations

Tax provisions good, but govt should be mindful of related costs

All in all, present budget is forward looking and in line of promoting the primary goal of 'ease of doing business and automation'

Budget proposes 11% hike in farm credit to Rs 15 trillion for FY21

The government also proposed promoting 'one product one district' for better marketing and export of horticulture crops.

Budget 2020: BSNL, MTNL to get Rs 37,640 crore from govt in FY-21

The capital infusion for 4G spectrum will help the debt-ridden PSUs to compete with private sector players who have rolled out pan-India 4G services

FM for cutting withholding tax to boost listing of bonds at IFSC exchange

The move will attract more international investors at IFSC exchange

Budget 2020: Space sector share up 8% to Rs 13,479 cr to develop space tech

In launch vehicles, Isro expects to fly its first small rocket with a carrying capacity of 500-700 kg in the next few months

Budget 2020: Tobacco, imported products, furniture, footwear to cost more

Govt proposed to hike the Excise duty on cigarettes, Hookah, Chewing tobacco, Jarda scented tobacco and Tobacco extracts and essence

Union Budget was 'growth provoking and welfare inducing', says India Inc

The finance minister proposed new slabs and reduced tax rates under them for an individual income of up to Rs 15 lakh per annum

Budget 2020: NIRVIK to provide insurance cover for exporters, says FM

he development assumes significance as exporters have raised concerns over availability of credit

LIC will be IPO of the decade, akin to Saudi Aramco listing: Experts

Currently, the government owns the entire 100 per cent stake in LIC.

Nothing in the budget to believe growth will rebound in FY21: Chidambaram

Slamming the Budget, senior Congress leader P Chidambaram said the Modi government is in complete denial that the economy faces a 'grave macro economic challenge'

Budget 2020: Govt to set up price stabilization fund to rein in inflation

The consumer price index-based retail inflation spiked to over five-year high of 7.35 per cent in December 2019.

Budget allocation for WCD ministry hiked by 14% to Rs 30,000 crore

The allocation for Pradhan Mantri Matru Vandana Yojana (PMMVY), a maternity benefit programme, has been increased from Rs 2,300 crore to Rs 2,500 crore

Govt intends to remove all income tax exemptions in the long run: FM

Speaking at a press conference after presenting her second budget in the Lok Sabha, she said income tax cuts follow reduction in corporate tax rates in September last year

FM Nirmala Sitharamn allocates 100 cr for hosting G-20 Presidency in 2022

During this meeting, India would be able to drive the global economic and development agenda, the Finance Minister said while presenting the Budget for 2020-21 in Parliament

Budget 2020: Govt to encourage ECBs, FDI in education for financing infra

Setting up a National Police University and a National Forensic Science University, linking medical colleges to a district hospital through the PPP mode, are some proposals made in the budget

Fiscal deficit way past 3.5% goal if off-budget borrowings are factored in

Adding these borrowings, amounting to Rs 1.86 trn, to the Rs 7.96 trn projected fiscal deficit would take the actual deficit to 4.37% of GDP, and not the official 3.5% estimate

Divesting stake in LIC a leap of faith; I-T structure now more complicated

Allocations to various sectors have been done to the extent the government could given the limited spending room. So, most of the government's favourite themes have got a decent budgetary spend