Union Budget 2017-18 was not just unique due to its reformist focus but also because it was predicated on four unique building blocks. The Finance Minister surely had a tough task on hand. Firstly, he had to provide an antidote to the people after the pain of demonetization. However, this had to be done without …
Union Budget 2017-18 will be announced in the first week of February. Structurally it will be unique and pioneering in 3 distinct ways. Firstly, it will be the first budget to be presented on the 01st of February instead of the last working day of February each year. This will mark a departure from an …
The macro economy will be a key area where expectations are high in the forthcoming Union Budget. There are certain unique factors that are coming together in this Union Budget. Consider a few of them. Firstly, the nation is just about recovering from a bout of demonetization which has crunched liquidity in the system substantially. …
The Union Budget had too many expectations built around it, especially considering that it came in the immediate aftermath of the demonetization. To be fair, the Finance Minister has done his level best under the circumstances and the constraints on resources and his capacity to be too liberal with the Fiscal Deficit. The following are …
One of the key points to understand is what impact the Union Budget has on key industry groups? In most budgets the focus has been on the tariff structures in terms of excise duties and customs duties. With the shift towards GST, the focus may be more on rates of GST and not so much …
The Finance Minister, Nirmala Sitharaman, presented her third budget in the parliament on February 01, 2021. Budget 2021 was completely paperless, with the Finance Minister using a ‘Made in India’ tablet instead to present the budget. Throughout the presentation, it was abundantly clear that the government would go on a spending spree to revive the …
Direct and indirect tax expectations from an invariable aspect of the run-up to every Budget. Budget 2021 was more significant in the wake of the coronavirus pandemic and the contraction of the economy over the past year. On the direct taxation front, income tax plays a key role for the common citizen. In a significant …
The much-awaited Budget2021 has gone big on spending in a bid to boost economic revival and growth. But what does it mean for one’s personal finances? Any talk of personal finances needs to focus on three broad areas: investments, taxation and consumption (buying/spending). Investments Bank deposits: If you are worried that your bank deposits may …
The FY2021-22 Union Budget announcement started on a positive note with Finance Minister, Ms. Nirmala Sitharaman quoting Rabindranath Tagore: “Faith is the bird that feels the light when dawn is still dark.” With 2020 being a disastrous year owing to the global pandemic, there were signs of recovery with tax buoyancy over the last few …
Budgets are essential. Let’s assume you have a fixed take-home salary a month. Using the amount at your disposal how can you ensure you cover your cost of housing, health care, food, insurance, debt repayment, and leisure, without running out of money. This is a lot to cover for such a limited amount, and the …
