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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 last year.

02 Feb 2020 4:02 AM

Public expectation towards the Union Budget 2020 has been extraordinary especially at a time when the Indian economy is performing below its true potential. This is reflected in the fiscal deficit target pegged at 3.8% for FY20 and 3.5% for FY21.

A balanced Budget despite several constraints

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

02 Feb 2020 3:41 AM

The Budget on Feb 1 has extended Rs 1.50 lakh benefit on interest paid on affordable housing loans by a year to March 2021 and also given gave tax holiday for another year to affordable housing developers to boost housing in the country.

Affordable housing gets tax holiday

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

02 Feb 2020 3:37 AM

The Budget has proposed to refund exporters duties and taxes levied by Central, state and local governments. The Budget also assured to review Rules of Origin requirements in imports from countries enjoying Free Trade Agreement benefits.

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.

02 Feb 2020 3:34 AM

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.

02 Feb 2020 3:32 AM

To address the liquidity constraints of NBFCs and housing finance companies (HFCs), the government proposed to set up a partial credit guarantee scheme for the sector after the Union Budget 2019-20.

Credit guarantee on debt for NBFCs, HFCs

The move, according to experts, would help NBFCs in the recovery process of an even smaller loans.

02 Feb 2020 3:05 AM

Finance minister Nirmala Sitharaman in the Budget 2020 has announced listing public sector behemoth Life Insurance Corporation of India on the bourses and privatising IDBI Bank.

Budget 2020: LIC to get listed on stock exchange

After two capital infusions, the government owns a substantial part of IDBI Bank (46.5 per cent stake) which will be completely sold off.

02 Feb 2020 2:49 AM

The 'escape clause' allows the government to breach its fiscal deficit target by 0.5 percentage points at times of severe stress in the economy

Fiscal deficit target raised to 3.8 pc from 3.3 pc for FY20

This fiscal path commits us to the path of fiscal consolidation without compromising the needs of investment out of public funds.

01 Feb 2020 2:48 PM

Finance Minister Nirmala Sitharaman. (Photo: ANI)

Budget 2020 provides big income tax relief for individuals

The digital revolution will play a big role in delivering services to the people in India in the coming days, says FM.

01 Feb 2020 10:39 AM

FM Sitharaman arrives in Parliament to present first Budget of new decade

The Union Budget 2020 will be presented in a short while from now.

01 Feb 2020 10:26 AM

Tech Mahindra, PowerGrid, Tata Steel, NTPC, Kotak Bank and HCL Tech were among the top laggards, shedding up to 3 per cent. File photo

Sensex slumps over 200 pts ahead of Budget

According to analysts, investors are cautious ahead of the Union Budget

01 Feb 2020 10:17 AM

The report comes on the heels of the US Federal Reserve deciding to keep rates unchanged. (Photo: File)

US economy growing moderately in 4th qtr; likely missed Trump's 3 pc goal

The Trump administration’s 18-month-long trade war with China last year fueled fears of a recession.

30 Jan 2020 2:06 PM

Currently, Indian companies pay over 15 per cent dividend distribution tax on declared dividends and investors pay another 10 per cent tax on receiving more than one million rupees.

BJP recommends tax tweaks to attract foreign investors

India charges 15 per cent short-term capital gains tax if equity shares are sold within a year and at 10 per cent if sold after a year.

30 Jan 2020 11:00 AM

Federal Reserve Chairman Jerome Powell. (Photo: AP)

Fed likely to keep interest rates on hold, focus on balance sheet

Fed is expected to soon decide how much longer it will continue its current practice of buying USD 60 billion a month in US Treasury bonds.

29 Jan 2020 1:05 PM

Despite cuts in corporate taxes and monetary easing by the central bank, investments have failed to pick up.

India's budget likely to raise spending to revive economic growth

India is facing its worst economic slowdown in a decade. Growth slipped to 4.5 per cent in the July-September quarter.

29 Jan 2020 10:11 AM

IMF this month cut India’s growth forecast to 4.8 per cent for the ongoing fiscal year - its lowest level in 11 years.

Govt likely to fund some USD 28 bn of expenditure via off-budget borrowings: sources

India’s committed spending, excluding capital spending, could be targeted at near 27 trillion rupees for the next fiscal year.

24 Jan 2020 10:50 AM

The country's reserve position with the IMF also declined by USD 5 million to USD 3.697 billion, the data showed.

Forex reserves rise by USD 58 mn to record high of USD 461.21 bn

FCA decreased by USD 367 million to USD 427.582 billion, the RBI data released on Friday showed.

18 Jan 2020 11:08 AM

RBI has cut rates by a total of 135 basis points in five moves in 2019 and shocked markets by holding rates steady at its December meeting.

RBI may put rate cuts on extended pause after spike in inflation

Economists said the MPC may watch for a possible reversal in food prices to see how inflation pans out in coming months.

15 Jan 2020 10:09 AM

The annual inflation, based on monthly wholesale price index (WPI), was at 3.46 per cent during the same month a year ago (December 2018).

WPI inflation surges to 2.59 per cent in December

The rate of price rise for food articles rose to 13.12 per cent during December as against 11 per cent a month earlier.

14 Jan 2020 12:35 PM

The appointment of Patra, who is currently an executive director at the central bank.

Govt appoints Michael Patra as RBI Deputy Governor

Patra will serve as the deputy governor for three years from the time of his appointment.

14 Jan 2020 12:11 PM

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Farrukh Dhondy