Page 217 - Budget 2026 News

Budget 2020: Commerce ministry seeks a reduction in import duty on gold

Gross export of gems and jewellery declined by 5.3% to $27.7 bn for the first nine months of this FY

Moral hazard

Instead of immunity, India needs simpler tax laws

Commerce Ministry seeks cut in gold import duty in Budget to push export

In the last Budget, the government has increased the import duty on the yellow metal to 12.5%

Can Budget find ways to tackle tax disputes? India Inc is waiting

A robust dispute settlement system would help the government unlock tax revenues, and also aid ease of doing business

Direct tax immunity scheme likely in Budget as govt looks for funds

Proposal will allow assessees to revise declared income without fear of past cases being opened up, or prosecution

Budget 2020: FM may announce second capital infusion for non-life insurers

The government infused Rs 2,500 crore in the three insurers -- National Insurance, Oriental Insurance and United India Insurance -- through first supplementary demands for grants for 2019-20 last mont

Worry about the trend, not the cycle

Our institutional capacity to support trend growth has not stayed the pace

Street signs: Dabba trading worry for brokers, MFs seek common KYC and more

In dabba trading, brokers cut deals on paper chits, instead of the exchange platform to save costs and steer clear of all regulations

Looking at Budget with hope for making offshore funds India-friendly

The objective of introducing this Section was to ensure offshore funds do not pay incremental tax just because those are managed out of India.

Don't lose sight of the long term

There could be disruptions in the near term, but ultimately the economy will bottom out

NPA provisioning should be based on assessment: Srei Infra vice chairman

Sunil Kanoria Vice Chairman, Srei Infrastructure Finance Limited talks about some radical reforms in the banking sector

FinMin may use more cash management bills in FY21 to meet debt obligations

Though the Union Budget 2020 will decide the fiscal deficit for the next financial year, it is now almost certain that the current fiscal deficit of 3.3 per cent may be unattainable

Auto industry seeks bold fiscal measures in the Budget to revive growth

In the upcoming Union Budget, the auto industry has sought measures, such as reduction in GST rates on vehicles and abolition of duty on import of lithium-ion battery cells, to encourage electric mobi

Aluminum players urge govt to reduce customs duty on critical raw materials

AAI has also suggested to the government to increase import duty on 'aluminium scrap' at par with primary aluminium metal to 10 per cent from the present 2.5 per cent

Budget 2020: Railway capex may rise 18% to all-time high of Rs 1.9 trn

A major concern for the finance department of the railways is the decline in internal resources

Budget 2020: Merchant miners seek 30% export duty waiver on iron ore

Miners through Federation of Indian Mineral Industries (Fimi), have stressed on exemption of the steep export tax since there were hardly any takers for baser grade ore within the country

Fiscal deficit won't matter if spending is prudent, says Pronab Sen

Terming the economic situation as 'very bad,' Sen said that post 2016-17 India's economic statistics measuring GDP growth were 'largely guess work'

Fiscal deficit target breached, won't advise tightening: Abhijit Banerjee

The Union Budget will be presented by Union Finance Minister Nirmala Sitharaman in February 2020.

Budget 2020: Why govt must look beyond taxes, do more with its money

Though non-tax revenues, including borrowings, account for 40% of the Budget, there seems to be little focus on boosting these or reducing borrowings by saving on expenditure, writes T N Ninan

Budget 2020: Fimi pushes for waiver of 15% duty on bauxite exports

Non-plant grade bauxite has limited avenues of usage in India and thus it was mostly exported but the duty on its export hampered business