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Business News: Key facts about the Union Budget that you should know

Key facts about the Union Budget that you should know : Rashtra News #Key #facts #Union #Budget Finance Minister Nirmala Sitharaman will on February 1 present her fourth straight Union Budget when she presents financial statements and tax proposals for fiscal year 2022-23 (April 2022 to March 2023). Here are some budget trivia:- * INDIA'S

United-kingdom , India , New-delhi , Delhi , British , Moraraji-desai , Indira-gandhi , Rk-shanmukham-chetty , Manmohan-singh , Arun-jaitley , Narasimha-rao , Nirmala-sitharaman

Mixed response to State Budget

Mixed response to State Budget
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.

India , Calicut , Andaman-and-nicobar-islands , Kozhikode , Kerala , Malabar , Marxist-party-of-india , Party-india , Malabar-development-council , Bharatiya-janata-partymt-ramesh , Calicut-chamber

'Millennium', 'Dream', 'Once-in-a-Century': Here are the most remarkable budgets in Indian history

The iconic Epochal Budget of 1991 brought economic reforms and liberalization, while the Dream Budget of 1998 introduced significant tax cuts and a voluntary disclosure of income scheme.

India , Indira-gandhi , Manmohan-singh , Atal-bihari-vajpayee , Yashwant-sinha , Lok-sabha , Yashwantraob-chavan , Information-technology , Nirmala-sitharaman-union-budget , Union-budgets-of-india , Union-budget , Union-budgets

Beware the many slips between cup and lip - The Hindu BusinessLine

Beware the many slips between cup and lip
What all can come in the way of Budget 2021-22 accelerating India’s economic growth
Every Budget has a vision. Finance Minister Nirmala Sitharaman was clear on what she wanted to achieve as she presented her third Budget on February 1 — create the conditions and impart the necessary impetus for the economy to shrug-off the pandemic and accelerate its growth. She did this by presenting a Budget with a clear direction, high on transparency and conservative in assumptions.
In line with the economic ideology a right-of-centre party would typically adopt, she eschewed hand-outs and opted to revive growth by increasing capital spending and giving a massive push to infrastructure development. Reforms were taken forward. A conscious decision was taken to go slow on fiscal consolidation with the priority being economic growth. This helped her avoid levies that could have otherwise vitiated the investment climate that the Budget sought to create.

India , Nirmala-sitharaman , Development-finance-institution , Asset-reconstruction-company , India-inc , Every-budget , Minister-nirmala-sitharaman , Dream-budget , Minimum-alternate-tax , Voluntary-disclosure , Income-scheme , Asian-financial-crisis

Over 50 Stocks, Excluding PSU Banks, Can Benefit From The Budget Announcements

Over 50 stocks, excluding PSU banks, can benefit from the Budget announcements
Healthcare, insurance, banking & financials, textile, auto, oil & gas and agriculture among other sectors also seen included in the growth-oriented budget.
Sunil Shankar Matkar
Representative image (PC- MoneyControl.Com)
The Union Budget 2021 presented by the Finance Minister Nirmala Sitharaman is really a big game changer in terms of economic revival in India, especially post the COVID-19 damage, experts feel.
The government has estimated fiscal deficit at 6.8 percent of GDP in FY22 and 9.5 percent in FY21. The Budget increased the capital expenditure by 35 percent for FY22 over FY21 to revive the economy, and largely focussed on infrastructure (including roads, railways, National Infrastructure Pipeline, ports, power etc).

Indraprastha , Haryana , India , Nirmala-sitharaman , Rohit-gadia , Umesh-mehta , Harshad-chetanwala , Ashok-leyland-tata , Dilip-buildcon , Ashoka-buildcon , Capitalvia-global-research , Apollo-tyres

budget: Market Watch: 3 themes that look attractive after the Budget announcement

ET Markets RadioTune in now for Markets news, views & cues
Market Watch (ETMarkets.com)
09:25 Min | February 01, 2021, 8:59 PM IST
Tune in as we analyse three biggest themes emerging post Budget announcements, market valuations and much more!
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Transcript
Welcome to ETMarkets Watch, the show about stocks, market trends and money-making ideas. I am Nikhil Agarwal and here are the top headlines at this hour.
Sensex posts biggest Budget Day gain
Govt pegs FY21 fiscal deficit at 9.5% of GDP
LIC IPO slated for FY22
Govt to privatise two PSBs and insurance firms
Direct taxes left unchanged in Budget
Let us take a quick glance at what happened on the Dalal Street today.

Nirmala-sitharaman , Andrew-holland , Nikhil-agarwal , Indusind-bank , Budget-day , Dalal-street , Dream-budget , Avendus-capital , ஆண்ட்ரூ-ஹாலண்ட் , நிகில்-அகர்வால் , இந்துசின்த்-வங்கி , பட்ஜெட்-நாள்

Why FM should not bring in any new tax in this budget

Any additional burden on existing taxpayers or any new taxes like wealth tax/estate duty, which were discontinued earlier for reasons of high administrative costs and low revenue yield, may not be in sync. The mantra for the FM in Budget 2021 should be ‘No New Tax.

India , Nirmala-sitharaman , Dream-budget , Finance-act , Finance-minister , Personal-tax , Tax , Wealth-tax , Income-tax , Budget-2021 , Covid-cess

Budget 2021: Why finance minister should not bring in any new tax

Finance minister Nirmala Sitharaman (File photo)
NEW DELHI: Finance minister Nirmala Sitharaman faces a huge challenge this year. The Covid pandemic raged through 2020, roiling economies and ruining many lives. The government’s revenues are down but expenditure commitments are up (think of the free vaccines promised). What path should the finance minister now take? Should she try and balance the books by levying additional taxes?
Say, introduce a temporary Covid-19 cess at the highest income-tax slab, or maybe reintroduce the wealth tax? Or, should she focus on maintaining tax stability while stepping up expenditure for economic revival?
To understand how both scenarios could play out, let’s first look at what impact moderate tax rates have on the tax-GDP ratio and how this compares with a high-tax regime.

India , Nirmala-sitharaman , Anish-thacker-shalini-mathur , Dream-budget , Finance-act , Prime-minister , Anish-thacker , Shalini-mathur , Business-news , Union-budget , Historical-tax-rates

Detailed text transcripts for TV channel - FOXNEWS - 20170524:21:49:00

an unimaginable level of cruelty and lack of imagination. and disdain for the struggles of millions of americans, including millions of children everything the day. >> kat: mick mulvaney, the budget director, delivered a different take today. >> the first time in my memory at least this is a budget that was written from the perspective of the people who actually pay for the government. we went line by line through what this government does and ask ourselves, can we justify this to the folks who are actually paying for it? >> kat: exactly. i am so sick of these hysterics when it comes to cutting anything ever. bringing down these programs and they are acting like we are stripping everything away and everyone needs to calm down. >> eric: this is a conservative's dream budget. you have increased in spending

Children , Everything , Us- , Level , Millions , Imagination , Cruelty , Lack , Disdain , Struggles , Kat-timpf , Budget

Detailed text transcripts for TV channel - FOXNEWS - 20170228:07:08:00

the end. you cannot, over the long haul, deal with our deficits unless you deal with entitlement programs. one quick example, medicare, average over the cup up, course of their lifetime, $122,000 and medicare taxes, take a $387,000 in benefits, passed $265,000 onto their kids and grandkids in the form of higher deficits. president trump is right to increase the military but he is going to have a challenge as keeping the debt and check if he doesn't deal with entitlements over the course of his term. >> sandra: this would appear to be a dream budget for republicans. why are some having a problem with that? >> other than what karl points out, the republicans want to deal with entitlement reforms now rather than when it takes a bite out of the back side ten years, 15, 20 from now. the other problem here, the challenge here, trump ran for office and what americans like for him, they believe he can bring economic renewal, revitalization to the country. shifting to the military, this is not a growth budget. this is a national security

Course , Touch-medicare , Deficits , Entitlement-programs , Lifetime , Example , Haul , Average , Taxes , The-end , 87000 , 22000