Page 24 - Budget 2022

Economic Survey forecasts 8%-8.5% GDP growth for FY23 ahead of Budget

Govt finances to witness consolidation in 2021-22, after uptick in deficit and debt indicators during pandemic year FY21, says Eco Survey

Sops for green energy? Here's how Tata Power, Adani Green look on charts

Adani Green so far this month has rallied 45% per cent, sustained trade above Rs 1,900-level can trigger a fresh 15 per cent surge

Budget 2022: CII sees uptick in India consumption by next quarter

The industry, hit by some curbs to control the omicron variant, is expecting relief measures in the budget due Tuesday

Budget 2022: What to expect on bank privatisation, subsidy reforms?

The centre's plan to privatise two state-owned banks continues to be in limbo. Food and fertiliser subsidies are also going to be critical in Budget 2022. Let's take a deep dive on the estimates

Budget 2022 proposals to determine trajectory of Indian equities this week

The Union Budget FY23's proposals will determine the trajectory of the Indian equities markets during the coming week

Budget 2022: Fintech industry seeks incentives to push financial inclusion

Stepping up demand for tax concessions in the forthcoming Budget, the fintech industry is stressing that the fiscal and non-fiscal incentives are needed to promote financial inclusion and move towards a less-cash economy. The fintech industry and experts have urged Finance Minister Nirmala Sitharaman to lower the TDS rates, saying such a move would free the capital for the sector without any impact on the government's revenue. Sitharaman is scheduled to present the Union Budget for the next financial year on February 1. Nitin Jain, Partner, Financial Services, PwC India, said qualification criteria for digital lenders, short-term credit, partnership guidelines with loan service providers, data governance norms, transparency norms are all required to ensure an optimal business environment for digital lending. Mihir Gandhi, Partner & Payments Transformation Leader, PwC India, stressed on increasing the scope of the Payments Infrastructure Development Fund (PIDF) and introducing ...

Budget 2022: ICAI seeks 14 tax, accounting reforms to make laws simple

The Institute of Chartered Accountants of India (ICAI) has sought about 14 tax and accounting reforms in the upcoming Union budget. The suggestions essentially aim at making laws simple, fair, transparent. less litigative and user friendly, ICAI president Nihar N Jambusaria said. There are about 14 suggestions from our end submitted to the Central Board of Indirect Taxes & Customs (CBIC) for consideration, he said on the sidelines of an international conference of CA students. The suggestions include permitting carry back of losses and introducing suitable legislative amendments for its application. It is relevant for hospitality, passenger transport and some other sectors. Regarding depreciation on slump sale, the ICAI suggested amendment of a provision of the Income Tax Act to clarify the legal position as to whether depreciation can be claimed on the basis of proportionate number of days by the transferer and the transferee company. It also proposed that Section 12 of the Act .

Budget 2022 likely to boost spending with near-record debt, hold tax rates

Finance Minister will probably increase the budget by about 14% year-on-year to Rs 39.6 trillion in the fiscal year beginning April.

Budget 2022 should boost consumption via tax breaks, fuel tax cuts: Report

In a pre-budget report, India Ratings said it expects the new budget to consolidate and strengthen the plan set out in the last budget

Budget 2022 expectations: Infra boost to bring Atma Nirbharta, says industry

Infrastructure is the backbone of a modern economy. Take a look at what the infrastructure sector expects from Union Budget 2022

Budget 2022 expectations: Fintech seek tax benefits, clarity on crypto

Budget 2022 expectations: Tax incentives to consumers and merchants, clarity on cryptocurrency and ease of doing business, here's what Fintech industry wants from finance minister Nirmala Sitharaman

Budget 2022: Targeted incentives likely for promoting green hydrogen

The government may provide for targeted fiscal incentives and allocation of funds for promotion of green hydrogen in the country in Union Budget 2022-23, which is slated to be unveiled in Parliament on Tuesday. The government launched National Hydrogen Mission in 2021. Earlier this month, Power and New & Renewable Energy Minister R K Singh had indicated that a green hydrogen policy will be unveiled in February which would feature many incentives to boost green hydrogen in the country. "While 2021 saw the launch of National Hydrogen Mission, it is likely that the Budget may provide for targeted fiscal incentives for R&D in green hydrogen segment, creation of domestic supply chain for hydrogen and reduce customs duties on electrolysers to boost green hydrogen production," says Venkatesh Raman Prasad, Partner, J Sagar Associates (JSA). Prasad is of the view that India's commitment at COP 26 of achieving net zero emissions by 2070 and meet 50 per cent of energy requirements from .

Budget 2022: Expectations on changes in income-tax slabs and rates

Union Budget 2022-23: Expectations on changes in income tax slabs and rates

Budget 2022: With FIIs as net-sellers, market could remain volatile

Markets continued to remain volatile and unsure of which direction they should move. Post the FED meeting what did become clear was the fact that interest rates would rise in March

Budget 2022 should bring more PLI rates to boost job creation in mfg: CII

Ahead of the Union Budget 2022-23, industry body CII pitched for additional incentive rates to be included in PLI Schemes based on the number of jobs created.

Budget 2022: Relief expected for farmers in losses due to apple imports

Farmers of North India are claiming that huge imports of apples have affected their income and is hoping that the government in its Union Budget will bring in some change to provide relief to them.

Budget 2022: Healthcare providers seek favourable insurance policy

Healthcare providers suggest that the Union government bring in a favourable policy in the upcoming Union Budget to encourage all Indians to opt for health insurance

Budget 2022 can enhance sectors with multiplier effect, says Mahesh Patil

Given the rally in the markets in 2021, easy money has already been made, says Patil

Budget 2022: All you want to know but don't always ask

The big elephant in the room is LIC. Every effort is on for its IPO. If that happens, and it probably will, the FY22 fiscal deficit could be less than the estimated 6.8 per cent

Budget 2022: Realty seeks increase in approval timeframe for rental housing

The National Real Estate Development Council requested the Centre to increase the approval time frame of such housing projects by at least five years.