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For a reader, understanding the Budget can seem daunting, but breaking it into key elements makes it easier. Here’s how to navigate Budget speeches, announcements, and documents effectively:
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The Union Budget 2025 is set to be presented by Finance Minister Nirmala Sitharaman.
The Budget is likely to focus on changes in the income tax structure and improving the ease of doing business in India among other things.
Interestingly, this will be Sitharaman’s seventh Budget presentation with five full term ones and one interim budget presented earlier this year.
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The much-needed initiatives that could boost farm income found no mention in the Union Budget
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States have also taken into account fiscal implications of the end of GST compensation regime in the budget estimates of 2022-23, according to the NIPFP paper.
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NBFCs stand to benefit from the reduction in the minimum loan size for recovery under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act.
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The decision by the government to establish a panel to monitor the costs of doing business in India is a welcome move. Logistics companies will hope that this would lead to bold initiatives to reduce transaction costs of trading across India‘s international as well as state domestic borders
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Given that this was UPA‘s last Budget before general elections, it could have been worse, but Chidambaram has done better than our expectations, Rakesh Bharti Mittal, vice-chairman and MD of Bharti Enterprises said in an interview to CNBC-TV18.
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Former Finance Minister and senior leader of BJP Yashwant Sinha feels, the Budget announced by P Chidambaram was insipid.
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Sunil Munjal, MD, Hero expects the GST to get approved before the end of the next fiscal. Reacting to Union Budget 2013, Munjal told CNBC-TV18 that after slew of meetings between the finance ministry and various other ministries the mood is upbeat.
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Chanda Kochhar, MD & CEO, ICICI Bank says interest subvention has been extended to private sector banks is a good news.
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Budget 2013 Analysis: Private companies in liquidation as directors liability increased.
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Upstream companies like ONGC, Oil India and Cairn India which are involved in exploration and production activities have a reason to worry as their toplines will be impacted with this move.
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Cement may become dearer by Rs 5 per 50 kg bag in view of the Budget proposal today to raise excise duty to 12% from 10% earlier. "The hike in excise duty will push up the sales cost by Rs 5 per bag.
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Cement prices are likely to go up after the government's proposed hike in excise duty on the building material from 10% to 12%.
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Passengers travelling in all AC classes and first class will have to pay charges in addition to the recent hike in train fares with the General Budget today bringing journeys in them under the ambit of service tax.
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India's annual budget on Friday fell short of market hopes for tougher fiscal tightening measures. The government, facing political turmoil, fended off pressure to produce an even more populist plan, yet stopped short of offering meaningful economic reforms that might have cheered investors.
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Rating agency Standard & Poor's does not foresee any immediate negative implication on India's sovereign rating after the government outlined a high fiscal deficit target in the budget for the next fiscal year, said Takahira Ogawa, director of sovereign & IPF ratings.
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In a Budget that raised fears of furthering inflationary pressures, Finance Minister Pranab Mukherjee today hiked excise duty and service tax by 2% across-the-board to raise Rs 45,940 crore while offering marginal relief to individuals in income tax foregoing Rs 4,500 crore.
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Finance Minister Pranab Mukherjee played it safe in unveiling the federal budget on Friday, pledging reforms but setting only modest targets for trimming a ballooning fiscal deficit, disappointing investors.
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There is a strong case for lowering interest rates in India following a significant drop in the core inflation, R. Gopalan, secretary of economic affairs in the ministry of finance, said on Friday.
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Tata Motors will increase prices of all its commercial and passenger vehicles with immediate effect, the company said, in amounts proportionate to the increase in excise duty announced in the 2012-13 budget on Friday.
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Terming it as "good", Congress today welcomed the budget and lauded Finance Minister Pranab Mukherjee for giving some concessions despite tough economic condition across the world.
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Industry chambers of the NE have termed the union Budget presented by Finance Minister Pranab Mukherjee today as a 'stereotype' with nothing specific in it for Assam and the North Eastern region.
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With Trinamool Congress turning on the heat on the issue of rail fare hike, Samajwadi Party today offered solace to the Congress, saying its outside support to the coalition will continue.
