Page 83 - Budget 2022 News

Airports to lose Rs 650 cr/yr over cut in duty-free liquor, cigarettes

The ministry, as per the sources, has also recommended to the Finance Ministry that purchase of cigarette cartons at duty-free shops should be prohibited

Apollo Hospitals expects tax exemption on forex earnings in the Budget

Commenting on plans to reduce promoter pledged shares, Reddy said that while they would be brought down to around 28 per cent by the end of the current quarter

Direct tax collections from Mumbai dip 13%, a double-digit fall in 10 years

It had declined by slightly over 4% in December. The city contributes 37% to the total direct tax revenues

Curbs on sale of duty-free liquor likely to increase cost of air travel

Consolidated annual duty-free sales at airports in the country are estimated to be around $500 million

India's top 63 billionaires have more wealth than 2018-19 Budget outlay

The gap between the top 1 per cent and the bottom 50 per cent of the population just keeps expanding, global non-profit organisation Oxfam said in its latest annual report on income inequality

Investor expectations from the Budget

It will be a litmus test for the government's reform credentials

Budget 2020: Expect Bharatmala allocation to rise to Rs 1.01-trn, says ICRA

Total budgetary allocations to fund the ambitious new highway development programme is estimated at Rs 3,43,045 crore over FY2019-2022 - averaging around Rs 86,000 crore per annum.

Budget 2020: DPIIT seeks more funds to boost infrastructure in hinterland

The government had severely cut down on expenditure in this area, with the 2019-20 (FY20) Budget providing Rs 909 crore, down from the RE of Rs 1,707 crore in the earlier one.

Budget 2020: BJP begins consultations with stakeholders, invites feedback

The consultations started on December 19 and will continue till January 14

Customary 'Halwa Ceremony' kickstarts process of printing Budget documents

The second Budget of the Modi 2.0 government will be presented on February 1

Limiting liquor sale won't be in the right spirit, say private airports

The commerce ministry has recommended restricting the purchase of tax-free alcohol to one bottle at duty-free shops

Budget 2020: Organic food sector needs stimulus for growth, says Kesarwala

Bhalla said although people are gradually shifting towards organic foods, more steps needs to be taken in this direction in all big and small cities.

Steel industry seeks duty cut on key raw materials in upcoming Budget

The basic customs import duty on anthracite coal is 2.5 per cent

Centre considering specific excise duty on aviation fuel to curb volatility

Finance Minister Nirmala Sitharaman will present her second budget on February 1.

Govt likely to abolish dividend distribution tax in upcoming Budget

Tax may be imposed on shareholders getting dividends

Budget 2020: Steel sector seeks relief in customs duty on key raw materials

Industry body said exemption available to coking coal was also removed by the government in 2014-15 Budget by bringing it at par with other types of coal and imposing 2.5 per cent basic customs duty

Budget 2020 Wishlist: Here are the key challenges for oil and gas sector

Resolving gas transmission and distribution infrastructure constraints are one of the industry's key demands

Budget 2020: Govt turns to asset monetisation as divestment target eludes

Hope rises for monetisation of Rs 1 trillion worth of assets by March 31

Gold could be a good hedge

If the economy enters a period of stagflation, its returns will outpace other assets

Demystifying Budget 2020: FinMin to start social media campaign from Jan 22

The ministry has also launched another campaign on Budget promises and delivery with tag '#HamaraBharosa'.