Page 41 - Budget 2020

Budget should look to push rural demand, not reduce I-T rate: Economists

Ajit Ranade, chief economist at Aditya Birla Group, said, "I don't think a cut in the personal income tax is a good thing to do at this juncture."

Budget wishlist: PFRDA wants to double tax benefit under NPS to Rs 1 lakh

The tax deduction under the NPS is Rs 50,000 at present

Best of BS Opinion: Union Budget 2020, India's dark road, and more

Seldom has the economic situation been more challenging for the Union finance minister

Budget 2020: To support growth, govt may provide tax incentive to startups

The Department for Promotion of Industry and Internal Trade (DPIIT) has suggested several measures to the finance ministry for start-ups in the budget

RBI to flag bad loan issues with Finance Ministry in pre-Budget meet

Fresh provisioning and telco loans to figure in pre-Budget meet. Inability to find resolution may put Rs 3.8 trn loans at risk

Budget 2020: Govt likely to assume a growth rate of 6-6.5% in real GDP

It is also likely to assume a deflator of around 4 per cent. That could take the nominal GDP outlook for FY21 to around 10 per cent

Indian railways stares at weak finances as staff, pension costs rise

Operating ratio has already crossed 100% in FY20, while share of internal resources in capex is down to 3.5%

Nirmala Sitharaman press meet highlights: FM meets state-owned banks

India's economic growth fell to an over six-year low of 4.5 per cent in the September quarter

Govt, Sebi spar over transfer of surplus funds as Budget 2020 nears

In 2009, FinMin proposed to move regulators' reserves into public account. These accounts were finally opened in 2013-14. However, no funds have been deposited in it so far

A real Budget, please: This one has to confront severe resource restraints

In Budget 2020 speech, the FM should state how she intends to return to the 7% track, and the hard decisions she will take to adjust to the realities of a slowing economy, writes T N Ninan

Budget 2020: FM to meet heads of PSBs to discuss credit situation, economy

The meeting is also expected to take up discussion on non-performing asset recovery through both NCLT and non-NCLT means

Rajiv Kumar to Krishnamurthy Subramanian: The team behind FM's Budget 2020

A 1984 batch officer from the Jharkhand cadre, Kumar is known as the driving force behind the spate of mergers of state-owned banks

PNB raises Rs 1,500 cr via bonds, funds to be used for business expansion

The lender has issued 15,000 redeemable Basel III compliant Tier II bonds in the nature of debenture of Rs 10 lakh each, it said

Take measures to improve ease of doing business: India Inc to Sitharaman

India Inc leaders, including Bharti Enterprises Chairman Sunil Bharti Mittal, CII President Vikram Kirloskar and Assocham President Balkrishna Goenka, on Thursday asked the government to take measures to augment ease of doing business to "create more freedom for the industry to perform". In a pre-Budget meeting with Finance Minister Nirmala Sitharaman, the corporate leaders highlighted several issues, including certain income tax matters which were coming in the way of mergers and acquisitions or slowing them down and roles that need to be played by state businesses to prosper at the ground level. "I have come here today to discuss only one thing -- make doing business easy in the country. That was what my thrust was," Bharti Airtel Chairman Sunil Bharti Mittal told reporters after the meeting. He said some suggestions around mergers and acquisitions (M&As), demerger, NCLT process, about certain sections of income tax which were coming in the way of M&A or slowing them down ..

Relax fiscal deficit limit from 3% to 4% of GDP, states ask Sitharaman

State FMs had met Sitharaman for a pre-Union Budget interaction

Budget 2020: Govt may go for income tax relief to spur demand, says report

Finance Minister Nirmala Sitharaman is expected to present the budget for 2020/21 fiscal year on February 1. She has promised a budget that will do more to boost growth.

10-yr bond yields hit treasury math; moves up about 30 bps since rate pause

Market is waiting for the Budget to get more clarity on numbers, say experts

Budget 2020: IT firms want 15% corporate tax for services companies in SEZs

The sunset clause for SEZ nearing - March 31, 2020 - and the IT industry has been a big beneficiary of the policy

Budget 2020: Banks, NBFCs suggest ways on taxation, improving credit growth

For the last three PSBs, the govt should run these under a public-private partnership model, said a senior banker.

Market players want FM Sitharaman to rationalise taxes on equity

Issues relating to FPIs, AIFs, mutual fund industry figure in pre-Budget meeting