Finance Minister Nirmala Sitharaman also said the Centre would come out with fresh growth and budgetary estimates for the COVID-19 pandemic-hit 2020-21.
The government is yet to appoint book running lead managers and legal advisors. An embedded value has to be decided, the insurer has to pare its stake in a number of other listed companies and has to tweak its balance sheets to comply with regulations, and the LIC Act has to be amended in Parliament.
This year's budgeted expense of the ministry makes up about 5 percent of the total expenditure budget of the government for 2020-21.
now the essential points on Home loan included in the Indian Union Budget of 2020 covered by the Finance Minister.
Following the Budget announcement on Saturday there was confusion about the tax liability of Non-Resident Indians (NRIs) on their global income.
This is against the basic ethos of Pradhan Mantri Jan Arogya Yojana (PMJAY) wherein government wants to provide affordable healthcare for all, MTaI said.
The government has set up a Fund of Funds for Startups (FFS) with a corpus of Rs 10,000 crore.
During her Budget speech, Finance Minister Nirmala Sitharaman proposed easing of tax payments for startups - a decision which has been hailed by budding entrepreneurs.
This decline has been over the revised estimates of the 2019-20 Budget, according to Budget documents.
According to the Consumer Electronics and Appliances Manufacturers Association (CEAMA), the price escalation would be in the short run but the move would give a boost to domestic manufacturing.
The shadow banking sector, which also includes housing finance companies, has been struggling ever since the bankruptcy of IL&FS in September 2018 which created a crisis of confidence for the system and the resultant snapping of credit flow to them.
In 2019-2020, the budgetary support was revised to Rs 69,967 crore.
Chidambaram made the remarks when he was asked by reporters to comment about the higher allocation for the Union Territory of Jammu and Kashmir in the Union budget.
Railway Board Chairman VK Yadav said the national transporter had planned to set up 1,000-MW solar power plants and about 200-MW wind power plants by 2021-22 across its zones and production units.
"The direction of the budget is progressive, however, there are no sector-specific measures for the realty sector," CREDAI National Chairman Jaxay Shah said.
The Centre abrogated Article 370 provisions granting special status to Jammu and Kashmir and bifurcated it into Union territories of Jammu and Kashmir, and Ladakh in August last year.
Calling it the new-decade budget for New India, he said Prime Minister Narendra Modi-led government believes in 'Sabka Sath, Sabka Vikas'.
The underlying theme in the Budget is aligned with the government’s leitmotif – ‘Make in India’.
Finance Minister Nirmala Sitharaman was candid in her Budget speech when she said this is a Budget reminiscent of the fundamentals of economic policy and fiscal planning, which if deployed prudently, will make the promise of a $5trillion+ economy a reality, sooner than later
Overall, the Budget is a continuing step in the government’s journey of conducive tax environment.
Direct tax revenue targets look a little optimistic and seem to have built in excessive buoyancy
While the fiscal stimulus towards the rural segment is noteworthy, the additional tax cuts and incentives for the corporate sector raise concerns about the government’s fiscal health
The government has focused on getting the economy back on track and improve the ease of doing business.
Budget announcements on climate change are nothing but a lip service and the proposed incremental measures fall short in their intent to transform India into a sustainable, low-carbon, high-growth economy is disappointing.