Page 86 - Budget 2022 News

Aluminum players urge govt to reduce customs duty on critical raw materials

AAI has also suggested to the government to increase import duty on 'aluminium scrap' at par with primary aluminium metal to 10 per cent from the present 2.5 per cent

Budget 2020: Railway capex may rise 18% to all-time high of Rs 1.9 trn

A major concern for the finance department of the railways is the decline in internal resources

Budget 2020: Merchant miners seek 30% export duty waiver on iron ore

Miners through Federation of Indian Mineral Industries (Fimi), have stressed on exemption of the steep export tax since there were hardly any takers for baser grade ore within the country

Fiscal deficit won't matter if spending is prudent, says Pronab Sen

Terming the economic situation as 'very bad,' Sen said that post 2016-17 India's economic statistics measuring GDP growth were 'largely guess work'

Fiscal deficit target breached, won't advise tightening: Abhijit Banerjee

The Union Budget will be presented by Union Finance Minister Nirmala Sitharaman in February 2020.

Budget 2020: Why govt must look beyond taxes, do more with its money

Though non-tax revenues, including borrowings, account for 40% of the Budget, there seems to be little focus on boosting these or reducing borrowings by saving on expenditure, writes T N Ninan

Budget 2020: Fimi pushes for waiver of 15% duty on bauxite exports

Non-plant grade bauxite has limited avenues of usage in India and thus it was mostly exported but the duty on its export hampered business

Budget 2020: DoT to meet industry on Jan 6 to discuss wishlist and issues

The telecom department plans to formally write to the Ministry of Finance in the first half of January, post the meeting

Budget session of Parliament from Jan 31, likely to continue till April

The budget session generally has a break of about a month during which the department related standing committees discusses the demand for grants

Budget 2020: Govt unlikely to announce capital infusion for PSU banks

Besides, sources said, banks may also look for divesting or selling their non-core business as part of fund raising exercise during 2020-21

Govt addressing issues without waiting for Budget, says Nirmala Sitharaman

She also said that GST collection, which crossed Rs 1 lakh crore per month mark during the last two months, will remain "good" in coming days

PM meets Ambani, Tata, other biz leaders to discuss economy ahead of Budget

Richest Indian Mukesh Ambani, Tata group patriarch Ratan Tata, telecom czar Sunil Bharti Mittal, billionaire Gautam Adani, Mahindra Group chairman Anand Mahindra were among those who attended

Record industrial slump to restrict GDP growth to 5% this year

NSO sees investment growth at 0.97%, lowest in 15 years

Govt set to breach fiscal deficit target, shows GDP advance estimates

If the fiscal deficit for the year can be maintained at Rs 7.04 trillion, the deficit as a percentage of GDP will slip to 3.44 per cent

Share of investment in GDP to hit all-time low in FY20: Advance estimates

India's investment activity growth is also estimated to touch a 17-year low in FY20

Prospects dim for FY21 too, GDP growth may not go beyond 6%: Economists

Former chief statistician Pronab Sen said economic revival depends on what the government does in the Budget

India Inc's low confidence reason for drop in investments: Analysts

Madan Sabnavis, chief economist at CARE Ratings, said the problem of low investments could be blamed on surplus capacity in the private sector

Budget 2020: Realtors' body seeks 'bold measures' to resurrect sector

NAREDCO National President Niranjan Hiranandani told the media that the finance ministry has been apprised of the demands of the industry to meet the challenges

Shriram Properties planning to launch IPO after Union Budget, this year

The company has an approval to raise around Rs 1250 crore through primary and secondary markets

CCPA recommends Budget Session from Jan 31; Union Budget on Feb 1

They said the first phase of the session will be from January 31 to February 11 and the second will be from March 2 to April 3