Union Budget

Union Budget News

Budget 2020: Govt seeks inputs from industry for ‘changes in tax rates’

In a circular, which has few precedents, the Ministry also asked India Inc to take into consideration the recent corporate tax cuts while making suggestions.

Allocations are key

Economic policy needs to finetune its focus. It needs fewer lectures on reform.


Uncertain again

To attract investors, government needs to ensure consistency and predictability of economic policies

Budget blues, US job data tank market 793 points, worst loss in single day this year

Global shares were in a muted mood Monday after strong US job gains tempered expectations that the Federal Reserve will deliver a large rate cut.

Budget 2019: Govt to unveil new education policy, proposes National Research Foundation and Sports Education Board

Union Finance Minister said India has the potential to become an "educational hub" and thereby proposes Study in India programme to attract foreign students. She said the National Education Policy will focus on higher education.

Sitharaman says Railways need Rs 50 lakh crore till 2030, bats for PPP to develop infrastructure

In her budget speech at the Parliament today, Sitharaman said that Railway infrastructure would need an investment of Rs 50 lakh crores between 2018 and 2030.


Need to develop inland waterways, says Nirmala Sitharaman

In her budget speech, Finance Minister Nirmala Sitharaman said that developing inland waterways would lessen the burden of cargo transport through rail and road.

A budget wish-list

Among other things, a new tax framework to link investment to job creation

Pre-Budget consultations: Financial sector seeks dedicated liquidity window for NBFCs

The Union Budget for 2019-20 is scheduled to be presented on July 5.

Pre-budget consultations: Industry for tax cuts, more reforms to push investment

Reduction in direct tax rate to a maximum of 18 per cent, reducing the dividend distribution tax and reform of land and labour laws were among the suggestions made by industry ahead of the Budget.

Union Budget Photos

Budget 2016-17: What's become cheap, what's become costly

Here is a complete list of items that will turn costly and items that will turn cheap as a result of the Union Budget 2016-17 tabled on Monday by FM Arun Jaitley.

Budget 2014-15: The build-up

The Narendra Modi led-NDA government is likely to table the Union Budget in July.


Union Budget Videos

To boost Make in India, Budget 2019 shouldn't raise customs duties

Saloni Roy, Senior Director, Deloitte India (Indirect Tax) says that measures other than customs duties should be used to provide a boost to the Make in India campaign.

Explained: Here's how the Modi govt budgeted for elections

Budget 2019: Indian Express Rural Affairs Editor Harish Damodaran and Consulting Editor Shaji Vikraman take a deep dive and explain fine prints of the Union Budget presented by Finance Minister Piyush Goyal in Lok Sabha today.


Budget 2019: India shouldn't take protectionist steps like raising customs duties

Saloni Roy, Senior Director, Deloitte India (Indirect Tax) says that she hopes that India won't raise customs duties in the Vote on Account on February 1 since it would mean taking a more protectionist stance.

Budget 2019 may not make many changes to customs duties

Description:Saloni Roy, Senior Director, Deloitte India (Indirect Tax) says that not many changes are expected to be announced in customs duties since it is a Vote on Account.

Supreme Court Seeks Legal Provisions That Bars Budget Presentation Before Assembly Polls

The Supreme Court sought legal provisions supporting the PIL against the Centre’s decision to present Union Budget on February 1. Deferring the PIL hearing to January 20, the apex court sought material and legal provisions that bars presentation of budget before assembly elections. The apex court asked PIL petitioner Manohar Lal Sharma which law is […]

Petrol price reduced, diesel hiked

New Delhi, Mar 01 (ANI): The government on Monday lowered the price of petrol by Rs 3.02 per litre while the price of diesel was raised by Rs 1.47 per litre. The revised prices will take effect from the midnight of February 29 and March 1. The revision in fuel prices comes on a day when Finance Minister Arun Jaitley presented the Union Budget for 2015-16 in the Parliament. With this change, the price of Petrol in Delhi will become Rs. 56.61/litre while diesel will be available at Rs. 46.43/litre. People across the nation welcomed the reduction of petrol price, and hoped for further reduction in fuel price.