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Monday, July 13, 2020

Union Budget 2020


Vivad se Vishwas scheme: Top lawyer calls for extension of deadline to April 30

March 21, 2020 2:52 pm

Under the Vivad se Vishwas scheme, designed for settlement of tax disputes pending in appeal as of January 31, 2020 or where the time for filing appeal has not expired, an assessee can make a declaration electronically under the prescribed form, and within 15 days the government will verify the tax payable and raise demand.

Budget proposals on tax slabs and dispute resolution are unlikely to gain traction

February 28, 2020 10:26 am

Loss expected from lower tax rates may be countered by gains from the settlement of cases, higher dividend taxes on top incomes, and the wider scope for taxing international incomes.

Copies of ‘anti-farmer’ Budget burnt in 19 Punjab districts

February 14, 2020 1:57 pm

To facilitate MNCs and corporates, the Modi government has proposed cluster farming, one district one crop and one corporate for marketing, which will hit the farmers hard, the protesters said.

The budget relegated women’s economic participation to secondary importance

February 14, 2020 10:51 am

Pulling women into the economy isn’t a function of budget alone, but also policy design, political will.

It’s a relief FM did not succumb to spending our way out of the growth slump

February 12, 2020 12:16 pm

As much as the headline fiscal deficit numbers are a cause for concern, the underlying quality of fiscal consolidation is a bigger concern.

Economy being treated by incompetent doctors, waiting outside ICU: Chidambaram

February 10, 2020 1:07 pm

"You made sure Raghuram Rajan and Arvind Subramanian left. Even Arvind Panagariya couldn't stay longer. You need to get rid of your doctors but who are your doctors?" Chidambaram said.

Children's 'parliament' discusses Union Budget, pledges last-child-as-first-priority

February 10, 2020 12:34 pm

According to the report by Haq, the children’s share in the budget has dropped from 3.29 per cent in 2019-2020 to 3.16 per cent in 2020-2021. Allocation for child protection also declined marginally, by 1.43 per cent in this budget.

Faced with severe challenges to the economy, the government has proved to be clueless and timid

February 09, 2020 9:41 am

From demonetisation to GST, from Swachh Bharat Mission to electrification of homes, from Ujjwala Yojana to UDAY, every programme has serious shortcomings. Unfortunately, the government lives in an echo chamber and hears only adulatory responses.

Govt's intent to move towards simplification of tax regime: Nirmala Sitharaman

February 07, 2020 6:48 pm

"The intent of the current government is to move towards simplification of the tax regime," the finance minister said, adding that the government was trying to implement the many recommendations of the Direct Tax Code Committee.

Haryana: Khattar govt’s proposals for irrigation, rail projects fail to find mention in Budget

February 06, 2020 2:44 pm

Haryana had demanded additional assistance through the NABARD to compensate for Rs 3,500 crore loss of Primary Agricultural Cooperative Societies for the interest waiver scheme it started to provide debt relief to farmers.


Union Budget 2020: Key announcements by FM Nirmala Sitharaman

February 01, 2020 4:51 pm

Presenting the Budget 2020 in Lok Sabha, Finance Minister Nirmala listed three core themes for the Budget — Aspirational India, Economic Development For All and A Caring Society. Stressing on doubling farmers’ income by 2022.

Union Budget 2020: Sitharaman carries 'bahi khaata' to Parliament

February 01, 2020 1:48 pm

As the Indian economy battles a sluggish growth, Union Finance Minister Nirmala Sitharaman on Saturday will table the second budget of the BJP-led National Democratic Alliance (NDA) government after it returned to power last year.