Page 203 - Budget 2026 News

Employees' unions oppose govt plan to sell part of LIC holding via IPO

The government proposes to sell a part of its holding in LIC through IPO, she said while unveiling the Budget 2020- 21

Budget: International bullion exchange to be set up at IFSC in GIFT City

IFSC has the potential to become a centre of international finance and high end data processing, the Finance Minister said during her speech

Budget proposal allowing NBFC invoice financing will help MSMEs: Trade body

MSME Export Promotion Council Chairman D S Rawat said government should make it applicable to all units operating from conforming as well as non-conforming areas

Budget 2020: It lacks the punch to kick-start economic growth

The fiscal deficit number is manageable, but given the deviation from the original target, I would have liked to see some extra spending where it would have made a difference.

Budget 2020: No substantial relief visible for telecom sector, says COAI

Mathews said that telecom not being included in the definition of infrastructure was a disappointment for the industry

Budget gets thumbs up from startups, firms say it will help attract talent

The budget recommends a five-year tax holiday on Esopss, a 10- year tax exemption for startups with under-Rs 100 crore turnover and also talks of a seed fund to push new businesses

Imported electric vehicles to become costlier after hike in customs duty

Sitharaman also proposed to increase customs duty on CBUs of traditional commercial vehicles from 30% to 40%

Slowdown has bottomed out according to Budget, expect rebound in FY21

The document further said the prospects for the Indian economy in 2020-21 need to be assessed in the light of emerging global and domestic challenges and opportunities

Budget 2020: Govt allocates Rs 9.90 crore for CIC, Right to Information Act

The CIC has also received funds under a separate head of 'CIC and PESB' with an increase of 6.95% from the last budget

Budget 2020: Govt approves Rs 11,500 cr for Jal Jeevan Mission for FY21

"Our government has approved Rs 3.60 trillion for this mission. During the year 2020-21, the scheme would be provided budget of Rs 11,500 crore," Sitharaman said.

FM unveils Budget 2020 aimed at boosting incomes, spurring economic growth

Govt estimates economic growth this fiscal year, which ends on March 31, will slip to 5% - its weakest pace since the global financial crisis of 2008-09

Budget 2020: CBI gets nominal increase of just 0.50% to Rs 802 crore

In fiscal 2019-20, the CBI was initially allocated Rs 781.01 crore that was later revised to Rs 798 crore

Budget 2020: Rs 103 trillion infrastructure projects launched under NIP

Presenting the Union Budget in Parliament, Sitharaman said Rs 1.7 trillion has been provided for transport infrastructure in 2020-21

Budget 2020: For every rupee in govt coffers, 64 paise will come from taxes

The collection from borrowings and other liabilities will be 20 paise, while income tax will yield 17 paise to every rupee collection.

Govt estimate of revenue from telecom up two-folds to Rs 1.33 trn for FY21

It expects a revenue of Rs 58,686.64 crore under communications head in the current fiscal year against budgeted amount of Rs 50,519.8 in 2019-20.

Budget 2020: Govt to review customs duty exemptions on products by Sept

Finance Minister Nirmala Sitharaman while presenting the Budget for 2020-21 said exemptions from customs duty have been given in public interest from time to time

Budget 2020: Govt to set up Indian Institute of Heritage and Conservation

Presenting the Budget for 2020-21, Sitharaman said Rs 3,150 crore has been allocated for the Ministry of Culture and Rs 2,500 crore for the Ministry of Tourism

Budget 2020: Sitharaman proposes health cess on import of medical equipment

Stating that this sector deserves further fillip, she said the government is committed to provide health services to all and Ayushman Bharat has made it possible

Budget 2020: Govt removes Dividend Distribution Tax on companies

Finance Minister Nirmala Sitharaman while unveiling the Union Budget said the proposal would make India more attractive market for investment

No strategic idea, anything concrete in Union Budget: Rahul Gandhi

"There are no jobs. Nothing happened here to help you," Gandhi said