Page 2 - Budget Proposals
The budget focuses on the next few years and not the elections
The thrust of the Budget has been in infrastructure modernisation, says U R Bhat.
 "The budget focuses on the next few years and not the elections")
The budget focuses on the next few years and not the elections
The thrust of the Budget has been in infrastructure modernisation, says U R Bhat.
Centre not likely to go for any off-Budget borrowing this year
This is a move that has been hailed by economists and policy-watchers as it makes budgeting a more transparent process
 "Centre not likely to go for any off-Budget borrowing this year")
Pakistan govt employees protest, demand 25% hike in salaries after budget
Pakistan government employees on Friday demanded 25 per cent hike in their salaries and protested against the 10 per cent hike provision proposed in the national budget for FY2021-22
 "Pakistan govt employees protest, demand 25% hike in salaries after budget")
Equalisation levy: Objective, Budget proposal and impact
The provision of an equalisation levy has rattled the Industry. Many businesses are planning to move court over the changes proposed in the Budget. In an exclusive interview with Business Standard’s Dilasha Seth, former CBDT member Akhilesh Ranjan, who was instrumental in the introduction of equalisation levy in 2016, explain in detail the objective of the levy and why it is needed. Watch the video.
 "Equalisation levy: Objective, Budget proposal and impact")
Why govt needs a fresh 20/20 vision for Budget 2020
The provisional actual numbers reveal revenue shortfall led to a wider fiscal deficit in 2019-20, but unlike the previous year, the gap was met largely through higher borrowing in a transparent manner
 "Why govt needs a fresh 20/20 vision for Budget 2020")
Budget proposals on DDT, personal tax not to impact MF industry: Templeton
After the Union Budget was presented on February 1, there had been some apprehensions on the growth of MF sector in the coming days
 "Budget proposals on DDT, personal tax not to impact MF industry: Templeton")
Some Budget proposals prone to litigation, may give rise to tax disputes
Tax experts say one of the most dispute-prone proposals is making "fraudulent availing" of input tax credit (ITC), without an invoice or bill, a cognizable and non-bailable offence
 "Some Budget proposals prone to litigation, may give rise to tax disputes")
FinMin releases timelines for submission of budget proposals
Basis of the final budgetary allocations will be the ceilings indicated in the Medium-term Expenditure Framework
 "FinMin releases timelines for submission of budget proposals")
Experts divided over Dec Budget
Secretaries see the possible pluses but are equally conscious of the negatives
 "Experts divided over Dec Budget")
