Page 12 - Union Budget

Net income tax mop-up in FY22 at Rs 7.4 trn, Rajya Sabha informed

Budget makers are confident that the net tax collection's budgeted target (direct plus indirect) of Rs 15.45 trillion will be exceeded

FY23 Union Budget may rewrite SEZ law, says commerce ministry

He said India was also going to relaunch the FTA with Israel by March-April next year.

The turn of the Centre

The Centre should maintain the current year's fiscal consolidation pace to give states more time to adjust

Union Budget should create enabling environment to sustain growth: CII

Sharing its recommendations for the forthcoming Union Budget 2022-23, the CII urged the Centre to continue its investment focus and enhance capital expenditure to promote growth in the economy

Income distinction

Investment income should not be treated differently

Centre mulls tweaking law in Budget to tax cryptocurrency gains

People are already paying capital gains on income from cryptocurrencies, and the GST law provides for taxing such transactions as 'services', Revenue Secretary Tarun Bajaj told PTI

More room likely for states to borrow as FM presents budget next Feb

The Centre has already begun to rejig govt savings market, reviving RBI window for retail investors, the Retail Direct Scheme this month

Govt unlikely to meet disinvestment target: Finance Secretary TV Somanathan

'I don't expect a huge uptick in inflation. I think it will remain within the 4 to 5 per cent band', said Somanathan

FinMin to kick-start exercise for Union Budget 2022-23 on October 12

This will be fourth budget of Modi 2.0 govt and FM Nirmala Sitharaman. Union Budget to be announced on Feb 1, 2022, as has been done the past few years

Sitharaman as FM: Some positive surprises, a few works in progress

Tax, revenue and macroeconomic trends are encouraging, but more needs to be done on privatisation, clean-up of banking mess, anti-protectionism, and de-politicisation of govt bodies, writes T N Ninan

Fresh tussle between RBI, bond market expected ahead of 10-yr paper launch

The 10-year paper is no longer the most traded one - which is unusual

FM Nirmala Sitharaman says macroeconomic fundamentals are sound

The finance ministry's assessment of the impact of the second wave on the economy will take a bit longer considering the timings and uncertainties, she said

Prioritising expenditure

Govt must focus on providing relief to the needy at this point

Indices march on as Covid cases dip; post highest 2-week gain since Budget

Sensex has risen 2,690 pts, or 5.5%, since May 14

India's 'never seen before' Budget may fall flat as virus strikes back

The health crisis has hit the Indian bureaucracy badly with many key officials infected by the coronavirus, slowing decisions on privatisations, among other proposed reforms

Clean slate: Govt clears FCI's liabilities to National Small Savings Fund

The government made the cash infusion before the financial year 2020-21 ended, letting FCI begin FY22 on a clean slate in terms of unsecured loans

Best of BS Opinion: Changing a monolith, bare necessities for India & more

Here's a selection of Business Standard opinion pieces for the day

The bare necessities for India

The latest Economic Survey has presented an interesting new index called the Bare Necessities Index. The BNI Index covers five areas that impact the daily lives of a bottom-of-the-pyramid householder

Monetisation lessons from NHAI

Its recent experience offers crucial insights into what makes an asset monetisation exercise successful

A dive into five contentious issues contained in Finance Bill, 2021

Govt may have to respond to concerns over equalisation levy, exporters issues, definition of the term 'liable to tax' and taxability of interest on employees' EPF contributions exceeding Rs 2.5 lakh