Economy News

Budget 2020: Hope for good debate on economy, says PM Narendra Modi

Budget 2020: Hope for good debate on economy, says PM Narendra Modi

PM Narendra Modi said as this is the first session of 2020 and the decade, the effort should be to lay a strong foundation for the decade.

Jan 31, 2020, 11:34 AM IST
Budget Session of Parliament commences; FM Sitharaman to table General Budget 2020-21 on Feb 1

Budget Session of Parliament commences; FM Sitharaman to table General Budget 2020-21 on Feb 1

 The budget session of Parliament will commence on Friday (January 31). Finance Minister Nirmala Sitharaman will present the General Budget 2020-21 in the Lok Sabha on Saturday (February 1). 

Jan 31, 2020, 07:08 AM IST
10 lakh bankers to strike work on January 31 and February 1; banking services to be hit

10 lakh bankers to strike work on January 31 and February 1; banking services to be hit

The strike will be spearheaded by United Forum of Bank Unions (UFBU), an umbrella body of nine unions in the banking sector.

Jan 30, 2020, 21:37 PM IST
Budget 2020 need to rekindle animal spirit of entrepreneurs for economic growth

Budget 2020 need to rekindle animal spirit of entrepreneurs for economic growth

The forthcoming Union Budget must address the issue of how to improve the flow of savings to investments, whether in the form of equity or debt.

Jan 30, 2020, 17:14 PM IST
Budget 2020: Meet 'Fantastic Four' who give critical feedback to Finance Minister Nirmala

Budget 2020: Meet 'Fantastic Four' who give critical feedback to Finance Minister Nirmala

Even as all eyes will on the Budget, there is a "fantastic four", as they are often referred to within the BJP, who have, for months, been giving critical feedback to the Finance Minister on what the

Jan 30, 2020, 17:10 PM IST
Budget 2020: BJP recommends tax tweaks to attract foreign investors

Budget 2020: BJP recommends tax tweaks to attract foreign investors

India charges 15% short-term capital gains tax if equity shares are sold within a year and at 10% if sold after a year. Another demand has been for an amendment to dividend distribution tax (DDT)

Jan 30, 2020, 11:04 AM IST
Budget 2020: Jharkhand Industry body expects relief, exemptions for real estate

Budget 2020: Jharkhand Industry body expects relief, exemptions for real estate

Praveen Kr Jain, vice president, FJCCI, told ANI, "Real estate contributes to a great extent in our economy. Most importantly, it provides employment." 

Jan 30, 2020, 10:59 AM IST
India's budget likely to raise spending to revive economic growth

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% in the July-September quarter, worsening the job prospects for millions of youth entering the workforce each year.  

Jan 28, 2020, 21:49 PM IST
Government may consider unveiling national logistics policy in Budget 2020

Government may consider unveiling national logistics policy in Budget 2020

The policy, which also aimed at reducing the high transaction cost of traders, may be proposed setting up of a central portal, which will provide end-to-end logistics solutions to companies. The

Jan 27, 2020, 21:36 PM IST
Budget 2020: Appliances, consumer electronics industry seeks tax relief, govt incentives

Budget 2020: Appliances, consumer electronics industry seeks tax relief, govt incentives

The Consumer Electronics and Appliances Manufacturers Association (CEAMA) has urged the government to offer incentives for manufacturers to produce energy-efficient products which will be in line

Jan 27, 2020, 18:42 PM IST
Digital currency cannot be private, says French central banker

Digital currency cannot be private, says French central banker

Spurred by the rise of cryptocurrencies and Facebook`s plans to launch its Libra currency, central banks worldwide are looking into the possibility of issuing digital money to prevent the loss of

Jan 26, 2020, 14:34 PM IST
Petrol, diesel prices see big cut on Saturday following Coronavirus outbreak

Petrol, diesel prices see big cut on Saturday following Coronavirus outbreak

The price of petrol was cut by 27 paise and that of diesel by diesel by 30 paise a litre across all major cities on Saturday.

Jan 25, 2020, 10:24 AM IST
Budget 2020: RBI Governor stresses on the need for more structural reforms to revive growth

Budget 2020: RBI Governor stresses on the need for more structural reforms to revive growth

Reserve Bank Governor Shaktikanta Das also listed out some of the priority areas where structural reforms are necessary and if carried out in earnest can act as potential growth drivers and through

Jan 24, 2020, 19:55 PM IST
Ex-finance secretary Subhash Chandra Garg pitches for large-scale expenditure reforms

Ex-finance secretary Subhash Chandra Garg pitches for large-scale expenditure reforms

Subhash Chandra Garg said that large-scale reforms are called for in the central expenditure program and he hopes to bring out an analysis of which central government expenditure program should be

Jan 24, 2020, 19:43 PM IST
Budget 2020: Insurance industry seeks more tax incentives for increasing life policies

Budget 2020: Insurance industry seeks more tax incentives for increasing life policies

Finance Minister Nirmala Sitharaman is scheduled to present the Budget for the financial year 2020-21 on February 1.

Jan 24, 2020, 17:06 PM IST
Union Budget 2020: Indian jewellery makers seek 'relief' from FM Nirmala Sitharaman

Union Budget 2020: Indian jewellery makers seek 'relief' from FM Nirmala Sitharaman

The jewellery sector, which plays a crucial role in the economy, expects the Finance Minister to give some tax concessions from Union Budget 2020. Here's what the Indian jewellery makers want from

Jan 24, 2020, 17:05 PM IST
Budget 2020 to stress on mobile handsets, components under Make in India

Budget 2020 to stress on mobile handsets, components under Make in India

Finance Minister Nirmala Sitharaman will present Union Budget 2020-21 on February 1, 2020, and the mobile phone industry is expecting to get a boost from it. 

Jan 24, 2020, 13:47 PM IST
India likely to fund some $28 billion of 2020-21 expenditure via off-budget borrowings, claims sources

India likely to fund some $28 billion of 2020-21 expenditure via off-budget borrowings, claims sources

Off-budget borrowings are a means by which the government keeps its fiscal deficit in check by making quasi-government entities borrow on its behalf, to partly fund its expenditure plan for the year.

Jan 23, 2020, 20:43 PM IST
Union Budget 2020-21: Expect a business-friendly budget, says TCS COO NG Subramaniam

Union Budget 2020-21: Expect a business-friendly budget, says TCS COO NG Subramaniam

TCS COO further said that the industry expects a ''business-friendly budget.''

Jan 23, 2020, 20:20 PM IST
Union Budget 2020: Expect measures to ease working capital blockages, says Avail Finance founder Ankush Aggarwal

Union Budget 2020: Expect measures to ease working capital blockages, says Avail Finance founder Ankush Aggarwal

Avail Finance founder on Thursday said that he is looking forward to reforms that bring in more transparency, advanced tools, and technologies with an aim to optimize processes to provide the end-

Jan 23, 2020, 19:28 PM IST