Due to a contraction in the economy, defence spend as a share of GDP has risen in the first half of this year, touching the mark of 2%
Experts waiting for a debt management road map in Budget
Last year's Budget had created uncertainty about the quantum of tax to be withheld on dividends paid to non-residents, as the exact tax rate was not specified under section 195
Close to 75% of medical devices are imported leading to forex loss
Even before Covid-19 struck the economy, government was borrowing at a rate that was very close to the nominal GDP growth
The Budget session of Parliament will commence from January 29, with Union Finance Minister Nirmala Sitharaman set to present the Union Budget on February 1
This daily series of graphs provides context on some of the critical issues relating to the Union Budget on February 1
Some measures for easier infra financing also on the card
There are no provisions for effective monitoring and support for farmers to sell outside the APMC
The gem and jewellery industry has sought reduction in customs duty on gold to four per cent
While the govt should try to push divestments, it should understand that reforms in the PSU space are very important if it wants to offload some its stake in the market
Though high priced than before, petrol and diesel consumption came back to pre-Covid levels in recent months
CII has also called for tax incentives for new health care projects and import duty relief for lifesaving equipment.
The prices of short-term power traded on the power-exchanges remained steady over a moderate range (12%) during the year
A lot of Budgetary funds get saved on subsidies in March, as off-Budget small savings replace them. It remains to be seen how it goes this year
Here is an overview of Business Standard's extensive coverage in the run-up and on the day of Union Budget 2020-21, to be presented by Finance Minister Nirmala Sitharaman on February 1
CII seeks higher allocation for food processing schemes
Companies plan to hire more, expect staff to return to offices in new year
Industry body CII has suggested a graded road map towards competitive import tariffs over three years
A key question is how the BIC is to be funded. To start with, it may have to be a wholly-owned government entity