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The new personal income tax rates will entail estimated revenue forgone of Rs 40,000 crore per year.

New tax regime gives with one hand, takes away with the other

Analysts claim there won't any great savings under new tax regime.

2 Feb 2020 5:39 AM IST

Union finance minister Nirmala Sitharaman

Mega talkathon Budget

Fiscal deficit pegged at 3.5%; Nominal GDP to be 10%; Capex scaled to 21%.

2 Feb 2020 5:23 AM IST

Congress leader Rahul Gandhi

Budget fails to address creation of jobs: Opposition

The ruling BJP though hailed it as visionary and futuristic, growth-oriented and all-inclusive .

2 Feb 2020 4:31 AM IST

Finance minister Nirmala Sitharaman

Archaeological sites to be developed into iconic sites

In this context, the Budget proposed to develop five archaeological sites as iconic sites with onsite museums.

2 Feb 2020 4:26 AM IST

It has mooted data centre parks throughout the country and outlaid 8,000 crore over a period five years for the National Mission on Quantum Technologies and Applications.

Data Centre Parks to come up across country

In this regard, she proposed to bring out soon a policy to enable private sector to build Data Centre parks throughout...

2 Feb 2020 4:23 AM IST

The private healthcare sector and medical equipment manufacturers have something to cheer about this years budget.

Viability gap funding set to cheer up private health sector

The viability gap funding window will be provided to hospitals which are setting up centres in tier II and III cities.

2 Feb 2020 4:20 AM IST

The report also does well to emphasise that higher trade-to-GDP ratios are a signal of competitiveness and an entry point for coupling the Indian economy with the international economy, including through global value chains.

Near-term market volatility likely over unmet expectations

Given the constraints, the FM seemed to have been able to only partially meet some of the high expectations the market...

2 Feb 2020 4:07 AM IST

Finance minister Nirmala Sitharaman

Finance minister takes care of many concerns of MSMEs

According to the minister, more than five lakh MSMEs have benefitted from restructuring of debt permitted by RBI in the...

2 Feb 2020 4:02 AM IST

Quarter on quarter aggregate revenue of BSE 500 companies saw de-growth of 3.7 per cent from Rs 22,61,772.8 crore in January-March 2019 quarter while profit after tax saw 19 per cent growth from Rs 1,18,940.3 crore.

A balanced Budget despite several constraints

The finance minister has been more realistic by assuming nominal GDP growth of 10% for FY 21.

2 Feb 2020 3:41 AM IST

Homebuyers continued to be cautious in September quarter. Housing sales in the top seven cities declined 18 per cent against the same quarter last year. Even sequentially, September quarter sales were down 20 per cent compared to June quarter.

Affordable housing gets tax holiday

In order to ensure that more persons avail this benefit and to further incentivise the affordable housing.

2 Feb 2020 3:37 AM IST

Personal income tax collections amounted to Rs 4.7 lakh crore last year, or 2.5 per cent of GDP.

Exporters all set to get tax refunds

Under the NIRVIK scheme, the insurance guaranteed could cover up to 90 per cent of the principal and interest.

2 Feb 2020 3:34 AM IST

Nirmala Sitharaman

Fiscal deficit target 3.8 per cent

The deficit target for the coming fiscal year starting April 1 was widened to 3.5 per cent.

2 Feb 2020 3:32 AM IST