budget News

Covid-19 crisis forces budget outlay cut on Andhra

Covid-19 crisis forces budget outlay cut on Andhra

Amaravati: Major economic slowdown caused by the Covid-19 pandemic has forced the Andhra Pradesh government to cut down the budget size for 2020-21 by 1.4 per cent over the previous financial year.Finance Minister B. Rajendranath on Tuesday presented a Rs 2.24 lakh crore budget in the Assembly.He pr...

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Every FY21 budget assumption will have to be reviewed: FM

Every FY21 budget assumption will have to be reviewed: FM

New Delhi: Every assumption made in the 2020-21 Union Budget, presented in February, would have to be reviewed in view of the coronavirus pandemic, said Finance Minister Nirmala Sitharaman, here on Saturday."Every assumption made in the budget 2020 (2020-21) are at stage where unless I review them t...

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Gave every penny to states as per Budget in April, May: FM

Gave every penny to states as per Budget in April, May: FM

New Delhi: Finance Minister Nirmala Sitharaman said on Saturday that the Centre has devolved all the stipulated money to the states in April and May as per the Union Budget for the financial year 2020-21.In an interaction with BJP national spokesperson Nalin Kohli, the Finance Minister said that it ...

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Every FY21 budget assumption will have to be reviewed: FM

Every FY21 budget assumption will have to be reviewed: FM

New Delhi: Every assumption made in the 2020-21 Union Budget, presented in February, would have to be reviewed in view of the coronavirus pandemic, said Finance Minister Nirmala Sitharaman, here on Saturday."Every assumption made in the budget 2020 (2020-21) are at stage where unless I review them t...

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Hike FRBM limit without preconditions, Telangana urges Centre

Hike FRBM limit without preconditions, Telangana urges Centre

Hyderabad: Telangana on Sunday urged the Centre to allow it to borrow at 5% of Fiscal Responsibility and Budget Management (FRBM) limit without preconditions and defer the linking of reforms to increased borrowing limits.Welcoming the Centre decision to increase borrowing limit under FRBM from 3% to...

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Interview: Modi Enterprises adopts zero-based budgeting amid Covid crisis

Interview: Modi Enterprises adopts zero-based budgeting amid Covid crisis

New Delhi: In the wake of the coronavirus crisis and the unforeseen financial impact, Modi Enterprises has taken to zero-based budgeting to curb unwarranted expenditure, said the conglomerate's Managing Director Samir Modi.Talking to IANS, Modi also said that the group has postponed several of its m...

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Liquor to cost more in Karnataka from April 1

Liquor to cost more in Karnataka from April 1

Bengaluru: Indian made liquor (IML) will cost more in Karnataka from April 1, as the state budget for fiscal 2020-21 proposed to increase additional excise duty (AED) by 6 per cent per bulk litre or 9 litres of the various brands, state Chief Minister B.S. Yediyurappa on Thursday."I propose to incre...

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GST portal problems face flak from filers, date extended by 3 days

GST portal problems face flak from filers, date extended by 3 days

New Delhi:  Following a barrage of embarrassing complaints about the GST portal not working and lakhs of returns pending, the Central Board of Indirect Taxes and Custorms (CBIC) has extended the dates for filing GSTR-9 and GSTR-9C forms for three days."Considering the difficulties being faced b...

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Survey estimates $ 1.4 trillion infra investment needed for $ 5 trillion economy target

Survey estimates $ 1.4 trillion infra investment needed for $ 5 trillion economy target

New Delhi:  India needs to spend $1.4 trillion on infrastructure to remove the constraints in growth, as power shortages, inadequate transport and poor connectivity affects overall growth performance, and to achieve a GDP of $5 trillion by 2024-25, Economic Survey 2019-20 said on Friday.Union M...

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Projects to attract infra investments: Economic Survey

Projects to attract infra investments: Economic Survey

New Delhi:  A bouquet of well-prepared projects in roads, rail and housing amongst others will attract investments in the infrastructure sector, the Economic Survey 2019-20 said on Friday.The survey was tabled in Parliament by Union Finance Minister Nirmala Sitharaman.Accordingly, the survey su...

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