The Commerce Ministry recommended that only one bottle per person would be allowed at duty free, while buying cigarette cartons would be prohibited. An IANS report states that the proposed ...
Environment may remain out of focus in Nirmala Sitharaman’s budget speech. In 2019, millions of people were affected across India after two extreme conditions — heavy floods and drought. In...
The Narendra Modi-led government is going to announce its second budget after winning Lok Sabha Election 2019. The 1991 budget — also known as the Epochal budget — is the most crucial budge...
The Finance Ministry is likely to push for Rs 25,000-30,000 crore interim dividend from RBI, for the third time in a row, to check slippages in the fiscal deficit of 3.3 per cent in 2019-20...
Asia’s security environment is changing as China’s influence in the region is increasing. There is a large disparity in defence spending between China and India. This is illustrated through...
We expect the budget to push for investment in infrastructure, relax income tax slabs, assist the private sector and announce more measures that will boost the real estate industry. There i...
The Indian Space Research Organisation’s (ISRO) plans for outer space exploration have gotten more ambitious — but they also cost more money. Over the last five years, even though the money...
Over $5.2 billion has been invested in creating social impact since 2010 but that number can grow ten-fold, the authors argue. A number of valuable projects for SRI investing can potentiall...
If the government takes a taskforce report on direct taxes into account, the personal taxes payers could see some big changes. The committee headed by Akhilesh Ranjan, a member of the Centr...
The government may consider a hike in customs duty on over 300 items like toys, furniture, footwear, coated paper, rubber items among others. On footwear and related products, the Ministry ...
Changes to the Direct Tax Code is set to hit India’s rich, according to a report. The government had appointed a task force that was headed by CBDT member Akhilesh Ranjan. This committee wa...
Nirmala Sitharaman is all set to announce India’s union defence budget next month. Social media users have offered to help the FM with their suggestions. The most occured suggestion was eit...
Policy analysts feel that the reform agenda has taken a back seat to political issues during Prime Minister Narendra Modi’s second term in office. However, they believe small changes — like...
Auto leaders are looking for GST cuts in the upcoming budget, especially as they transition to BSVI. Experts think that Electric Vehicles will continue to be a point of focus for subsidies ...
Indian education system might need an overhaul as it needs to cover more students, add infrastructure and most of all — improve the quality of education. In the union budget 2019, Finance M...
Finance Minister Nirmala Sitharaman's absence from the Prime Minister-led industry meeting on budget suggestions, here on Thursday, created ripples on Twitter as well as in general. Accordi...
It is likely to allocate ₹84,509 crore, an increase of 34.8% from the current financial year, according to the medium term expenditure projection statement presented in Parliament in 2018. ...
Finance Ministry is looking into a proposal that would double the limit of tax free contribution into National Pension Scheme (NPS). The changes have been suggested by pension sector regula...
Indian mobile handset manufacturers have sought a lower 12 per cent GST on the Parts and Accessories universe as per the phased manufacturing programme (PMP) roadmap as against the current ...
The upcoming budget in February is likely to see cuts in income tax as well as new rates for people with high incomes. The Narendra Modi government is exploring ways to put more money in th...
TDS, expanded as Tax deducted at source is a type of indirect tax administered by the Central Board of Indirect Taxes. Under the system of TDS, the person making some specified kind of paym...
Both Sensex and Nifty gave up the initial gains as Nirmala Sitharaman delivered her budget speech. The Benchmark index gave up the morning gains and fell to the day's low, down over 400 poi...
The Indian government released Union Budget for 2019-20 on 5 July, allocating ₹948 billion to the education sector. In 2018, the country allocated ₹850 billion to the education fund, which ...
Finance Minister Nirmala Sitharaman income tax deduction of ₹1.5 lakh on the interest paid on loans taken to purchase electric vehicles. Under the Phase II of the FAME Scheme, the governmen...
Public sector banks will be given ₹70,000 crore capital to boost credit growth in the country. Government will start raising a part of its borrowings in external markets. One-time six month...
