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 …
Indian Railways expects the money for the upcoming financial year to expand Vande Bharat train sets, invent new wagons, including one particularly designed to transport lightweight merchandise from small firms, and promote innovative technologies like Hyperloop. There might be a general announcement on the airline’s efforts to minimize its carbon footprint as part of its …
The Union Budget 2022 was a much-anticipated event: after two long years, we were likely seeing the light at the end of the pandemic tunnel; growth had returned with a vengeance in recent quarters; PLI schemes had provided a significant boost to several sectors, particularly manufacturing; and capital markets were reflecting the economy’s positive sentiment …
On Tuesday, Feb 1, 2022, Honourable Finance Minister Nirmala Sitharaman announced various proposals in the Fiscal Budget 2022-23. India is the third-largest emerging economy from the Asian pack of countries. Keeping that in mind, the FM conveyed that the budget has been drafted to prepare the nation by laying a solid foundation for economic growth. …
The Indian Railways will get a capital expenditure boost of Rs 2.45 lakh crore in the financial year 2022-23, which is 14% more than the current financial year’s scheduled capital expenditure of Rs 2.15 lakh crore. The funding will be used to construct railway lines, wagons, and trains, as well as electrification, signaling, and station …
Budget 2022 is approaching, and the sector and experts have a long list of expectations. Experts predict that this Budget will be uniform, with a strong emphasis on the MSME sector, rural economy and social spending. Many people are hoping that the Budget would concentrate on project execution and capital expenditure, which analysts believe took …
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 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 …
