Page 40 - Budget 2020

Telecom lobby meets Sitharaman, seeks help in meeting SC-ordered dues

Telecom companies owe the government Rs 92,642 crore in unpaid licence fee, and another Rs 55,054 crore in outstanding spectrum usage charges.

Do not want businesses to shut, will help revive: Sitharaman to India Inc

Addressing industry representatives, Sitharaman said India's macro-economic indicators were on a solid footing

MGNREGS wages to go up? Scheme likely to get Rs 10,000-cr push

To boost rural income, the government could raise the total MGNREGA Budget for 2020-21 to Rs 70,000 crore. In 2019-20 (FY20), it was Rs 60,000 crore

Quality mid-caps can outperform next year: Mirae Asset's Swarup Mohanty

As economic growth bottoms out, liquidity stays benign, corporate earnings pick up and risk aversion diminishes, we expect the valuation discount of mid-caps to narrow vis a vis large-caps in CY20

PM Modi chairs first meeting of Cabinet Committee on Investment & Growth

The newly formed Cabinet Committee on Investment and Growth held its first meeting on Monday as the government looked at boosting spending to bring back a sputtering economy on track. Sources said Prime Minister Narendra Modi chaired the first meeting of the CCIG, which was set up in June after the BJP won a second term in office. No details of the decisions taken at the meeting were immediately known. The panel has four other members -- Home Minister Amit Shah, Highways and MSME Minister Nitin Gadkari, Finance Minister Nirmala Sitharaman and Commerce & Railways Minister Piyush Goyal. The meeting came against the backdrop of GDP growth slowing to a six-year low of 4.5 per cent in the July-September quarter as the twin engines of investment and exports sputtered. Adding to the woes is a slowdown in consumption. This was the sixth consecutive quarter when the growth rate fell. Alongside CCIG, a Cabinet Committee on Employment & Skill Development headed by Modi was also ...

IMF cautions India against fiscal stimulus, says govt should go for reforms

The Budget projected the Centre's fiscal deficit to come down to 3.3 per cent of the country's gross domestic product (GDP) in 2019-20 against 3.4 per cent a year ago

Reviving economic growth

The IMF has some useful suggestions

LIVE: Rs 102-trn infra projects lined up for 5 yrs, says FM Sitharaman

In last six years, 5-6% of GDP spent on infrastructure, says FM Sitharaman

Budget wishlist: Infra players pitch for captive renewable energy policy

Infrastructure sector on Friday urged the government to bring captive renewable policy and exempt from cross subsidy and transmission charges to make renewable energy more viable for those willing to set up clean energy plants beyond factory boundaries. The infrastructure companies raised these issues during a pre-budget consultation with Finance Minister Nirmala Sitharaman and top officials from finance, new & renewable, road transport and environment ministries. They also asked to make finance available for real estate and affordable housing to boost consumption of cement and other inputs like steel. Besides, they were of the view that government should release stuck up funds meant for infrastructure sectors as soon as possible for bringing in buoyancy in the economy. "We asked government to see, how can finance be made available for real estate and affordable housing. We also asked to release funds withheld at different levels in the government. "Cement and other Core ...

Budget 2020: FM to meet stakeholders today, seek inputs to boost growth

Industry bodies have demanded that income up to Rs 5 lakh should be exempt from tax for individual taxpayers from the current Rs 2.5 lakh to spur demand for goods and services.

Budget 2020: FM consults stakeholders of start-ups, digital economy

FM is likely to present her second Budget for the Modi 2.0 government in Parliament on February 1

Pre-budget meet: IT industry seeks 15% corp tax for services cos in SEZs

Representatives from the IT, startups and mobile devices sectors met Finance Minister Nirmala Sitharaman to put forward their demands from the Budget next year

Pre-budget meet: Bankers discuss taxation, certification with FM Sitharaman

NBFCs, too, made presentation to the Finance Minister

PSBs on merger track may get recapitalisation allocation in Budget 2020

The upcoming Union Budget may provide for another round of recapitalisation

Budget wish list: Electronics and tech industry urges FM to raise MEIS rate

Sector players say Commerce ministry move to halve MEIS to 2% goes against national goal to export 100 million handsets worth $110 billion every year by 2025

Budget 2020 wish list: Experts demand scrapping of GST on agri-inputs

This is the fourth pre-Budget meeting on agriculture and agro-processing sectors

Best of BS Opinion: Budget for expenditure, India's stature, and more

From Budget 2020 expectations to government decisions hurting India's stature, Business Standard brings you the best of its opinion on Wednesday

Why 15th Finance Commission will be the last word on key Budget numbers

One could effectively say the Budget will be a joint handiwork of Singh and finance minister, Nirmala Sitharaman, a position that no other finance commission has enjoyed

A Budget for expenditure

After the rollout of GST, budgets are not awaited with the same excitement as earlier by India Inc. But Budget 2020 will be different

The 2020 Budget speech

The finance minister will present her first full Budget on February 1. This is the speech I wish to hear