India’s finance minister, Nirmala Sitharaman on February 1st, 2022 gave an hour and a half long speech wherein she outlined the proposed union budget 2022-2023. The value of a budget cannot be stressed enough as it outlines how the government plans to impose taxes and spend its money. This year, the budget gave special attention …
With a plan to enlarge the reach of financial services to the customers at the last mile, Finance Minister Nirmala Sitharaman in her Union Budget 2022, announced connecting the 1.5 lakh post offices to the core banking system. She also announced a plan to establish digital banking units (DBUs) by scheduled commercial banks in 75 …
Finance Minister Nirmala Sitharaman kept the income tax rates unchanged in her budget for the 2022 fiscal year, which was largely infrastructure-focused. The following 10 things should be known by individual taxpayers: 1. When a property is sold, the tax is computed using the selling price or the property’s stamp duty value. TDS on such …
When it came to the administration’s disinvestment objective for the following fiscal year, the catch was in the details, as it is with most budgets. The government plans to raise Rs 65,000 crore via disinvestment in state-owned firms in 2022-23, compared to Rs 1.75 lakh crore in 2021-22, according to the budget paper. Economists had …
India has finally implemented a crypto tax system! The government adopted a cautious stance on taxes in the 2022-23 budget, setting a fixed tax rate on revenue from digital virtual assets. Finance Minister Nirmala Sitharaman said in her Union Budget presentation that revenue from the transfer of virtual digital assets will be subject to a …
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 …
