Page 35 - Union Budgets News Today : Breaking News, Live Updates & Top Stories | Vimarsana

We will soon have the Union Budget for 2021-22. Apart from policy announcements made, the Budget is about the Union government’s annual statement of receipts and expenditure. Receipts can be non-tax or tax. Most people want the Centre to spend. Indeed, as economists argue, multiplier benefits of government expenditure exceed those of tax reductions. That is, if there is going to be an expansionary fiscal policy, that is better accomplished by increasing government expenditure, not reducing taxes. Of course, to increase government expenditure, one needs to find resources without imposing cos...

Read more about Budget 2021: Govt stares at revenue shortfall of Rs 7 trn this fiscal year on Business Standard. Revenue from disinvestment has been Rs 17,958 crore this financial year, against a target of Rs 2.10 trillion

Technical View - Jan 22, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities Posted On: 2021-01-22 07:31:03 (Time Zone: Arizona, USA) After a display of high volatility and higher levels weakness on Thursday, Nifty witnessed a sharp fall on Friday and closed the day lower by 218 points. After opening on a weak note, the market made failed attempt to show upside bounce in the early part of the session. The weakness in the market continued for the entire session and the upside bounce attempt in between has failed to sustain. A long negative candle was formed on the daily...

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Wealth Tax was introduced in Budget 1957-58, presented by T T Krishnamachari. Levied on the total value of personal assets, it remained in the picture in one form or the other till Finance Minister Nirmala Sitharaman abolished it in 2015, her maiden Budget. During his next stint as finance minister, Krishnamachari, in his interim and Union Budgets of 1965-66, introduced the first voluntary disclosure income scheme (VDIS) against black money — it was the first such effort. T T Krishnamachari (centre) presiding over the State’s Finance Minister’s Conference in New Delhi on November 18...