Finance Minister Nirmala Sitharaman is scheduled to present the Budget for financial year 2020-21 on February 1
Business Standard speaks to Chartered Accountant Ashok Shah of N A Shah Associates LLP, on what makes this budget different from previous ones, and what the FM should do to fix the economy
Parekh said there have been precedents of similar one-time reliefs being allowed by the RBI in the past including in 1993 and also after the global financial crisis.
Godfrey Phillips is approximately Rs 100 away from the lifetime high of Rs 1,572 level.
The minister said benefits under the new scheme would be disbursed if discoms stick to their trajectory for loss reduction
Revenue projections may be realistic this time
The financial condition of the three companies has, meanwhile, deteriorated and warrants capitalisation, if the merged entity is to be listed
The average days of work provided were also below the mandated 100.
Like the last quarter, firms will focus across its value chain to ensure smooth transition to BS-VI
India had passed the Wealth Tax Act, 1957 which was levied on an individual, a Hindu Undivided Family and a Corporate entity on its valuation, which was repealed in April 2016
The auto industry is willing to share its portion towards realising such scrappage policy, which will eventually have a more sustainable impact on the environment, he added.
The 58-year-old Indian-American economist said the banking and infrastructure sectors were in need of funding from the government
Sitharaman will place the budget proposals on Saturday and all eyes are set on the government, which is likely to announce measures to revive the economic growth
A K Bhattacharya answers questions about Budget 2020
The industry has also urged the government to create a dedicated fund for MFIs which are financing water and sanitation projects
The company has also sought extension of FAME-II benefits to electric bicycles
Targeting to cut discom losses to below 15 per cent, he said power would be sold on strong financial mechanism and the states would decide on their own subsidies
Seeking a turnaround in fortune, the auto industry has been seeking government support and reduce the burden of transition to BS-VI with lower GST rate
Among the stocks that comprise the Nifty CPSE index, seven have recorded negative returns during the fiscal
Based on market intelligence, we outline three scenarios that may pan out in the Budget proposals this year, and assess their impact on your pocket