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  • Maharashtra Budget may have shortfall of Rs 1 lakh crore: Ajit Pawar Feb 07, 2021 08:19 PM IST

    Maharashtra Budget may have shortfall of Rs 1 lakh crore: Ajit Pawar

    The Budget session of the state legislature is scheduled to begin on March 1.

  • Budget 2021-22 will usher in new era of development in J-K, Ladakh: Tarun Chugh Feb 06, 2021 07:42 PM IST

    Budget 2021-22 will usher in new era of development in J-K, Ladakh: Tarun Chugh

    The BJP leader said the total budget allocation of Rs 30,757 crore for the Union Territory of Jammu and Kashmir would help boost the economic growth in the region.

  • INTERVIEW | Cutting income tax rates isn't the only way to provide relief: Finance Secretary Feb 03, 2021 10:06 PM IST

    INTERVIEW | Cutting income tax rates isn't the only way to provide relief: Finance Secretary

    In an exclusive interview to Moneycontrol, Ajay Bhushan Pandey said that GST collections in the last couple of months have improved because of systemic changes undertaken by the department of revenue, without increasing tax rates.

  • Budget 2021-22: After repeated misses, this Budget sets modest tax collection targets Feb 03, 2021 02:50 PM IST

    Budget 2021-22: After repeated misses, this Budget sets modest tax collection targets

    There could be legitimate concerns over whether fiscal expansionism through capital expenditure would manifest the desired results. But over-optimistic projections and below-the-line accounting aren't any of them.

  • Government confident of achieving targets set in Budget 2021-22: DEA secretary Tarun Bajaj Feb 01, 2021 07:12 PM IST

    Government confident of achieving targets set in Budget 2021-22: DEA secretary Tarun Bajaj

    Finance minister Nirmala Sitharaman said the Centre is targeting a fiscal deficit of 6.8 percent of gross domestic product (GDP) for FY22, which will gradually come down to below 4.5 percent by FY26. This will require amendments to the Fiscal Responsibility and Budget Management Act

  • Union Budget 2021 | Key takeaways from FM Nirmala Sitharaman's plan for India Feb 01, 2021 11:34 AM IST

    Union Budget 2021 | Key takeaways from FM Nirmala Sitharaman's plan for India

    From boosting healthcare, giving infrastructure a big push and extending support to the agriculture sector, Finance Minister Nirmala Sitharaman in her Budget laid out India's path to economic recovery. Here are all the highlights:

  • Economic Survey 2021: Access to ‘bare necessities’ in India improved in 2018 Jan 29, 2021 09:36 PM IST

    Economic Survey 2021: Access to ‘bare necessities’ in India improved in 2018

    Access to basic necessities such as drinking water, sanitation, housing and other facilities across states in India improved in 2018 over 2012. Access to essentials or bare necessities is the highest in Kerala, Punjab, Haryana, and Gujarat, while the lowest in Odisha, Jharkhand, West Bengal, and Tripura.

  • Explained | What is counter-cyclical fiscal policy that Economic Survey 2021 refers to Jan 29, 2021 09:16 PM IST

    Explained | What is counter-cyclical fiscal policy that Economic Survey 2021 refers to

    Hint: It is connected to public spending.

  • Economic Survey 2021 spares no punches on Raghuram Rajan’s policies as RBI governor for India’s bad loan woes Jan 29, 2021 08:37 PM IST

    Economic Survey 2021 spares no punches on Raghuram Rajan’s policies as RBI governor for India’s bad loan woes

    Accounting sleight of hand and liberal evergreening allowed during that period only worsened the problems of non-performing assets (NPAs), the Economic Survey 2020-21 points out.

  • From saints to scientists, CEA Krishnamurthy Subramanian digs deep into mankind’s vast knowledge pool in Economic Survey 2021 Jan 29, 2021 06:06 PM IST

    From saints to scientists, CEA Krishnamurthy Subramanian digs deep into mankind’s vast knowledge pool in Economic Survey 2021

    Krishnamurthy V Subramanian, chief economic adviser (CEA), takes recourse to wisdom spread over millennia from the Upanishads to Aristotle, from Gandhi to Einstein, from Subhashita to Thiruvalluvar and Tagore, to reinforce policy choices.

  • Economic Survey 2021: India has potential to become ‘pharmacy of the world’ Jan 29, 2021 05:49 PM IST

    Economic Survey 2021: India has potential to become ‘pharmacy of the world’

    The Indian pharmaceutical industry, valued at $41 billion, is expected to grow to $65 billion by 2024 and $120-130 billion by 2030, the survey says.

  • Economic Survey 2021 | Government schemes can help India achieve Sustainable Development Goals by 2030 Jan 29, 2021 05:16 PM IST

    Economic Survey 2021 | Government schemes can help India achieve Sustainable Development Goals by 2030

    The Economic Survey 2020-21 also called for increased cohesion between the central and state governments, to achieve the targeted goals through effective implementation of the welfare programmes.

  • Economic Survey 2021 | Policy reforms like relaxation of OSP terms will improve talent access for IT BPM industry Jan 29, 2021 04:27 PM IST

    Economic Survey 2021 | Policy reforms like relaxation of OSP terms will improve talent access for IT BPM industry

    Relaxation in the Other Service Provider (OSP) licence terms would significantly reduce the regulatory compliance on the business process management companies, thereby facilitating work from home for thousands of employees.

  • Economic Survey 2021 | Gig economy jobs got a boost due to COVID-19 lockdown Jan 29, 2021 03:15 PM IST

    Economic Survey 2021 | Gig economy jobs got a boost due to COVID-19 lockdown

    The Economic Survey 2020-21 said the COVID-19 pandemic-induced lockdown saw employers cutting down on staff strength and engaging freelancers or outsourcing tasks to reduce overhead costs.

  • India needs to spend on infrastructure, MGNREGA: Gita Gopinath Jan 28, 2021 10:53 PM IST

    India needs to spend on infrastructure, MGNREGA: Gita Gopinath

    Gita Gopinath also said a credible divestment plan would boost the confidence of the markets, adding that the government must keep the borrowing costs low during the transition period.

  • Improving the economy's software will be more important than the Budget itself: Arvind Subramanian Jan 18, 2021 03:00 PM IST

    Improving the economy's software will be more important than the Budget itself: Arvind Subramanian

    In a paper titled The Economy and Budget: Diagnosis and Suggestions, co-authored with Josh Felman, Subramanian argued that the government can build on its strengths, by extending new welfarism to additional goods and services, while continuing to expand coverage of the goods and services it has already targeted.

  • Budget 2021-22 should re-evaluate random allotment of cases under faceless tax assessment system: Experts Jan 13, 2021 03:42 PM IST

    Budget 2021-22 should re-evaluate random allotment of cases under faceless tax assessment system: Experts

    Delays in assessments have been pointed out by various sectors, especially from the precious metal sector where a specified process is followed for assessment of dore, because of random allotment of assessment cases, say experts.

  • Budget 2021-22 | Government receives recommendation for uniform 5% GST on manmade fibre Nov 11, 2020 02:07 PM IST

    Budget 2021-22 | Government receives recommendation for uniform 5% GST on manmade fibre

    Centre has begun its Budget 2021-22 exercise and is holding consultations with various sectors and stakeholders. It has also been recommend that the threshold for the 5 percent slab should be increased from Rs 1,000 per piece to Rs 2,000 per piece for apparels and clothing

  • Exclusive | Finance Ministry receives recommendation to reduce GST compensation cess on coal from Rs 400 to Rs 50 per tonne Nov 04, 2020 02:34 PM IST

    Exclusive | Finance Ministry receives recommendation to reduce GST compensation cess on coal from Rs 400 to Rs 50 per tonne

    A white paper prepared by Council on Energy, Environment and Water along with Environmental Defense Fund and Shakti Sustainable Energy Foundation had highlighted that carbon taxation should be a key policy instrument for India's carbon mitigation strategy and meeting climate goals.

  • Finance Ministry kick-starts Budget making exercise amid contraction pressure Oct 16, 2020 07:06 PM IST

    Finance Ministry kick-starts Budget making exercise amid contraction pressure

    It will be the third Budget of the Modi 2.0 government and Finance Minister Nirmala Sitharaman. Budget 2021-22 is likely to be presented on February 1.

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