Budget 2020 News - Budget 2020 Highlights, Union budget India latest updates

Consumers will feel the pinch as petrol and diesel prices are being hiked by up to ₹2.70 a litre from midnight. This follows the Budget 2019-2020 move ...

More business in store for single-brand retail

Easing local sourcing norms will draw more foreign players

Making headway with higher FDI caps

After insurance intermediaries, focus turns to aviation, single-brand retail

New ideas: Global investor meet, social stock exchange

The Budget proposed to increase the statutory limit for FPIs in companies

Cheeky singles, a few big hits and some misses...

Infra push, proposed labour reforms welcome but tax moves a dampener

More concessions for GIFT City: Will companies fall for the bait?

The GIFT IFSC is progressing at a decent pace with both the BSE and the NSE setting up subsidiaries to offer a trading platform for foreign and global investors

Batting for clean air

The changeWith pollution from fossil fuel-based vehicles worsening the air quality, the Budget provides several incentives to encourage faster ...

Most opaque Budget in history, says Opposition

Opposition parties termed the Budget as the “most opaque” and alleged that it was a “payback gift” from the BJP to big corporate houses after the ...

Modi govt bites the bullet on cutting stake in PSUs to below 51 per cent

Big win in Lok Sabha polls and impending majority in Rajya Sabha force power play

Structural reforms need to be taken up on a war footing

Banks faced a multitude of challenges in the BJP-led government’s first term

Fiscal deficit: There is more than what meets the eye

The changeWith a bit of fine balancing and good math, the Centre has managed to retain its 3.3 per cent fiscal deficit number for FY20. While the bond ...

Extension of tax benefit will help stressed companies

According to Section 79 of the Income Tax Act, the benefit of setting off carry-forward losses can be given only if the shareholding does not change by more than 49 per cent

To boost divestment, govt rejigs policy on non-financial PSUs

In a major policy change, the Centre has decided to go below 51 per cent shareholding in non-financial public sector undertakings (PSUs) in certain ...

A tidy recap, but a stop-gap fix

The changeBy announcing a recapitalisation package of ₹70,000 crore for FY20, the Finance Minister has appeased the market, no doubt. But by laying ...

Start-ups get partial relief from Angel Tax

The changeThe Budget has announced some changes that would stimulate growth among start-ups. The main relief was on the Angel Tax front. Investors ...

Infrastructure: Work-in-progress

The ChangeThe road sector got a boost in the Budget. Bharatmala phase-II will focus on developing State road networks and rural roads got an outlay of ...

To give boost to rental housing, model tenancy law proposed

Giving houses on rent may get the required push with much more clarity on the legal front post the Budget. The government announced that it proposes ...

High-income earners to shell out more

The changeThe tax surcharge on high-income earners has increased sharply. For individuals whose taxable income is more than ₹2 crore and up to ₹5 ...

Steel, cement sectors pin hopes on housing and road spends

The steel and cement sectors are pinning hopes on a government push for more affordable housing and road spends to boost domestic consumption. The ...

‘Revenue, disinvestment targets are achievable’

Move to raise excise duty and road, infra cess will not be inflationary: Sitharaman

Infrastructure: Will execution match the strong intent?

Emphasis on infrastructure development funds, deepening of bond market can attract more investment

Cash is no longer the king, as govt looks to give digital payments a royal push

Planned amendments to various laws will bring down the cost of digital transactions

National Research Foundation to boost research, innovation

As per the proposed plan, the NRF will have four major divisions — sciences, technology, social sciences and arts and humanities

PM’s pet schemes see slight funds hike

PM Ujjwala scheme facing teething problems; Saubhagya, Swachh Bharat see marginal hikes

Schemes to make India more sundar

The Change“Every single rural family, except those who are unwilling to take the connection, will have an electricity and a clean cooking gas facility ...

Not jobs, wages and skills are the issue

Growth in blue collared jobs, but stagnation seen in white collar jobs

On the fast-track to meet demands of passengers

Safety, cleanliness and punctuality continue to be the Railways’ top priorities, despite running trains for over a hundred years now.Trains may take a ...

Charged up by sops, EV players see ‘beginning of a revolution’

However, traditional companies feel stranded as they battle a slowdown

Railways: A good run, but watch out for profitability

The changeThe Centre, in an ambitious move, has estimated an investment of ₹50 lakh-crore till 2030 for developing railway infrastructure. The Finance ...