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Union Finance Minister Nirmala Sitharaman on Saturday said in her eighth Budget speech that the credit guarantee cover limits for the MSME sector will be enhanced.
For micro enterprises, the MSME credit guarantee cover will be doubled from ₹5 crore to ₹10 crore leading to additional ₹1.5 lakh crore credit in the next 5 years. Sitharaman said that customised credit cards with a limit of ₹5 lakh will be started for small businesses registered on the Udyam Portal.
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Budget 2024 Highlights: Ministry of Defence has received a robust budget of Rs 6,500 crore for Border Roads Organisation in the financial year 2024-25, marking a 30% increase from the previous fiscal year, the Defence Ministry said. DRDO's Budget saw a boost to Rs 23,855 crore and the Indian Coast Guard’s budgetary allocation increased this year by 6.31 percent to Rs 7,651 crore.
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What's the economic roadmap? What does budget 2021 mean for your money? What does budget 2021 hold for you? Find all the details on one platform - www.moneycontrol.com
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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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The budget has a high focus on social sector, while nothing new has been done specifically to spur infrastructure spending
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The Budget announcement on shipbuilding being exempted from excise duty, with resultant removal of CVD on import of ships, is a positive for the Indian shipping industry, says A.R Ramakrishnan, Managing Director, Essar Shipping
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CNBC-TV18 catches up with an elite panel of CII members for their first reaction on Budget 2012-13.
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For corporate tax lawyer HP Ranina the Budget was on expected lines. The only thing new in the Budget according to Ranina was, Rs 10,000 exemption on savings banking interest.
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Shares of Jet Airways and SpiceJet lost around 2% and 5% even as the Union Budget 2012-13 highlighted external commercial borrowings (ECBs) of $1 billion which could be used towards their working capital requirements.
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Indian Budget is presented in a tone of 'All is well'. Let’s hope that this attitude is with a view to face the problems staring at us with a positive mind set rather than an Ostrich like behaviour of not recognising them.
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With Budget 2011-12 being announced, a number of impacts and implications are yet to be demystified. In CNBC-TV18’s special show Budget Tonight, Karan Thapar with Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia and Former Finance Minister, Yashwant Sinha analyse Pranab Mukherjee’s sixth budget presentation.
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In an interview with CNBC-TV18's Menaka Doshi, an illustrious panel of business leaders including Chanda Kochhar, MD and CEO, ICICI Bank, Harsh Mariwala, CMD, Marico, Baba Kalyani, CMD, Bharat Forge, GV Prasad, Dr Reddy's and YM Deosthalee, Whole-Time Director and CFO, L&T, assess the math of the budget.
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Commending Finance Minister Pranab Mukherjee on putting out a balanced budget, Planning Commission's deputy chairman Montek Singh Ahluwalia said FM has been able to meet our hopes for key ministries. "Individual ministries need to implement and spend money well," he said.
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Suresh Swamy, Executive Director and Hemen Asher Senior Manager, PwC India said that the budget has certain proposals that affect the private equity world.
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We welcome the raising of housing loan limit for priority sector lending to Rs 25 lakh and the move to further liberalise FDI policy.
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Anand Sharma, Commerce Minister, in an exclusive interview with CNBC-TV18’s Shereen Bhan says that his ministry has had consultation talks with the prime minister and the finance minister on the manufacturing policy. “As soon as there is consensus will move cabinet with manufacturing policy,” he says.
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Sunil Gidwani Executive Director at PwC India said, "Though in terms of fiscal measures, there is no significant proposal in the Finance Bill that could impact the tax regime for the banking industry."
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Hari Bhartia, President, CII says, the budget is very growth oriented.
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Sunil Munjal, Chairman, Hero Corporate Services says, it is a reformer’s budget.
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Nilesh Shah, market participant, in an interview on CNBC-TV18 gave his views on how he read the budget presented by finance minister Pranab Mukherjee for financial year 2011-12.
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Rohan Shah, Managing Partner, Economic Laws Practice, in an interview on CNBC-TV18 gave his views on how he read the budget presented by finance minister Pranab Mukherjee for financial year 2011-12.
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The Government of India introduced service tax in the year 1994 and presently it constitutes a major source of revenue for the Government. Budget 2011 estimated collection of services tax was at Rs. 68,000 Crores in 2010-11 as compared to Rs. 2072 Crores in 1999-00.
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Indian equity benchmarks marked gains on the back of the better-than-expected details revealed by the finance minister in the big bang event - Union Budget 2011. However, the indices could not retain the initial euphoria set by the budget as concerns over rising crude oil prices erased most gains towards the end.
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Ratnesh Kumar, Managing Director and CEO, Standard Chartered Capital Markets, in an interview on CNBC-TV18 gave his views on how he read the budget presented by finance minister Pranab Mukherjee for financial year 2011-12.
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Amidst hopes of fixings the 3 'D's (fiscal deficit, current account deficit and government deficit), Finance Minister Pranab Mukherjee announced the Union Budget 2011-12 on Monday.
