Gross budgetary support shows funds will rise by just Rs 2,163 cr in FY21 despite emphasis on infra
The move to remove DDT comes within months of the Centre lowering corporation tax from 30 per cent to 22 per cent
Investors will have to forego tax benefits on several products if they switch to new regime
An analysis by Nangia Andersen consulting
The Budget is an attempt to endow India with improved health and better access to education unleashing better infrastructure, says Rajnish Kumar
Despite the large number of weapons systems due for procurement, capital allocation has been raised only marginally from Rs 115,350 crore in the current year to Rs 118,534 crore in 2020-21
Here are the key points
If only it were this…
The 15th FC forecast nominal gross domestic product (GDP) growth for 2020-21 at 11%, but said the projection came with a "downward bias".
To reward states for lower total fertility rate and better tax collection
On Dec 31, the govt had unveiled an NIP worth Rs 1.03 trillion, listing around 6,500 projects across sectors
To reduce the crunch in working capital for MSMEs, the minister proposed to amend the Factoring Regulation Act, 2011
The significant tax alleviation measures and plan to boost agricultural sector and improve farmers' conditions should have a direct positive impact
A snapshot of the key numbers released by Finance Minister Nirmala Sitharaman in Union Budget 2020
Widest deviation from fiscal deficit seen under Modi government
Counting the positives, he welcomed initiatives such as Krishi Rail and Krishi Udan
At present, if an Indian or a person of Indian origin managed his stay in India such that he remained a non-resident in perpetuity, he was not liable to pay tax on his global income in India.
What did the finance minister have in the Budget for the Indian economy? Listen to the podcast to know
Budget for pollution abatement, which was cut by 50 per cent last year from 2018-19, remained unchanged at Rs 10 crore.
The projection of the number of beneficiary farmers has also been lowered to 14 crore from the earlier 14.5 crore