Direct tax collections top revised estimates by 5% – Times of India

Share this…FacebookPinterestTwitterLinkedinTumblr NEW DELHI: The Centre’s direct tax collections, net of refunds, were estimated at Rs 9.45 lakh crore during 2020-21, around 5% higher than the revised estimates of Rs 9.05 lakh crore for the financial year, the government said on Friday. Both corporation tax and personal income tax collections turned out to be higher […]

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Fiscal deficit soars to ₹12.34 lakh cr.

Share this…FacebookPinterestTwitterLinkedinTumblr The Central government’s fiscal deficit soared to ₹12.34 lakh crore, or 66.8% of the revised Budget estimates at the end of January of the current fiscal. The fiscal deficit at the end of January in the previous financial year was 128.5% of the Revised Estimates (RE). In the current fiscal ending March 31, […]

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Government to work with RBI for execution of bank privatisation plan: Sitharaman – Times of India

Share this…FacebookPinterestTwitterLinkedinTumblr MUMBAI: Finance minister Nirmala Sitharaman on Sunday said the government will work with the Reserve Bank for execution of the bank privatisation plan announced in the budget. Speaking to reporters in the financial capital, Sitharaman also said that the government has no plan to form any bank investment company to house the government […]

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Ajay Bhushan Pandey: Tax rate stability key, Budget not time for tinkering, says finance secretary | India Business News – Times of India

Share this…FacebookPinterestTwitterLinkedinTumblr NEW DELHI: Increased sharing of info between different arms of the govt and banks has made hiding income or evading tax an increasingly difficult task, finance secretary Ajay Bhushan Pandey tells TOI’s Sidhartha, Rajeev Deshpande and Surojit Gupta.There have been a few good months on the GST front. How do you ensure the […]

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Industry seeks more support says Budget to spur growth

Share this…FacebookPinterestTwitterLinkedinTumblr Industry captains and young entrepreneurs said that the Union Budget 2021-22 would spur growth but they said more support would be required to be self reliant. Prashant Ruia, Director, Essar Capital said the budget has attempted to put a medium to long term foundation to the emergency measures undertaken by the government in […]

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Petrol prices remain steady ahead of Union Budget day – Times of India

Share this…FacebookPinterestTwitterLinkedinTumblr NEW DELHI: Prices of petrol and diesel remained unchanged for the fourth consecutive day across the metros. In the national capital, petrol was priced at Rs 86.30 per litre. In Mumbai, Chennai and Kolkata, petrol was sold for Rs 92.86, Rs 88.82 and Rs 87.69 per litre. Diesel prices in Delhi, Mumbai, Chennai […]

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Kerala Budget | 8 lakh jobs to be created in 2021- 22

Share this…FacebookPinterestTwitterLinkedinTumblr Kerala Finance Minister T.M. Thomas Isaac began the presentation of the Budget claiming Kerala had scripted a success story in the management of COVID-19. He outlined the different measures launched by the Health department to control the pandemic and the steps taken to provide relief to those affected by the lockdown. Mr. Issac […]

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Budget to set course for economic pick up after Covid carnage

Share this…FacebookPinterestTwitterLinkedinTumblr Indian economy is now expected to see a faster turnaround given the impending rollout of vaccine, increased mobility and less disruptions to business operations as the economy opens up but a lot will also depend on the upcoming Budget for 2021-22 to steer its course. India, which had in 2019 overtaken the UK […]

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‘Govt. eyes asset sales to partly fund higher spending in FY22’

Share this…FacebookPinterestTwitterLinkedinTumblr India is likely to spend more next fiscal year than this year’s budgeted $415 billion and prioritise infrastructure projects, relying on asset sales of about $40 billion for some of the funding, two people with knowledge of the plan told Reuters. Actual spending in the current fiscal year ending March 31could be lower […]

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Budget is the key instrument to push growth: Report

Share this…FacebookPinterestTwitterLinkedinTumblr The policy thrust to boost economic growth may have to come almost entirely from fiscal policy initiatives, with the Budget providing a key vehicle, because the central bank is unlikely to reduce policy rates in the face of accelerating inflation, according to the latest edition of consulting firm EY’s Economy Watch. Although retail […]

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