budget 2020

Budget 2020 to stress on mobile handsets, components under Make in India

Finance Minister Nirmala Sitharaman will present Union Budget 2020-21 on February 1, 2020, and the mobile phone industry is expecting to get a boost from it.

Jan 24, 2020, 13:47 PM IST

India likely to fund some $28 billion of 2020-21 expenditure via off-budget borrowings, claims sources

Off-budget borrowings are a means by which the government keeps its fiscal deficit in check by making quasi-government entities borrow on its behalf, to partly fund its expenditure plan for the year.

Jan 23, 2020, 20:43 PM IST

Global trade barriers creating opportunities for India: Larsen & Toubro

On expectations from the upcoming Union Budget, L&T's Whole Time Director and CFO R Shankar Raman said the government does not have enough resources to meet its plans for public spending.

Jan 23, 2020, 19:21 PM IST

Government should cut Income tax to boost demand, says Pawan Goenka

On the sidelines of World Economic Forum (WEF) at Davos in Switzerland, Pawan Goenka, Managing Director of Mahindra & Mahindra told Zee Business that the government should take a very aggressive stand to revive the economy.

Jan 23, 2020, 17:37 PM IST

Budget 2020: CII for higher tax benefits for homebuyers to boost demand in real estate sector

The chamber said that in order to meet a minimum GDP growth target of 6 to 7 per cent, it is important to have a definitive plan for boosting the demand in the sector.

Jan 23, 2020, 16:58 PM IST

Budget 2020 may offer production incentives for fabless chip firms

The National Policy for Electronics, 2019, argues for special support for developing core competencies in the strategic sub-sectors like fabless chip design industry.

Jan 23, 2020, 16:03 PM IST

Budget 2020 opportunity to unleash reforms to restore economic growth: Brickwork

Brickwork Ratings on Thursday said the Union Budget 2020 is an opportunity to unleash reforms to restore economic growth and to set a clear roadmap for achieving the ambitious USD 5 trillion economy target by 2025.

Jan 23, 2020, 15:54 PM IST

Bihar expects government to table Union Budget 2020-21 keeping GST, unemployment, tax rate cut in mind

In Bihar, the people travelling by bus from Patna to the corners of the state, have asserted that the budget should be prepared, keeping in mind the common man. According to them, this government's budget should provide relief to the common people and the tax rate should be reduced with respect to items of need.

Jan 22, 2020, 18:12 PM IST

Budget 2020 may announce big bonanza for income tax payers, no tax on income up to Rs 5 lakh

A reduction in income tax is will enhance the disposable income of the people and in turn encourage individual spending, positively impacting the middle-class sector.

Jan 22, 2020, 17:51 PM IST

Sensex to open for trade on Budget 2020 day

The Bombay Stock Exchange (BSE), also known as Sensex, will be open for trading on February 1, 2020, on account of the Union Budget 2020-21, even though it will be on a Saturday. Trading timings would be as usual starting from 9.15 am to 3.30 pm and the pre-open trade would be held during 9 am to 9.15 am, the exchange said in a notice late on Tuesday. Generally, stock markets are closed on Saturdays.

Jan 22, 2020, 14:16 PM IST

Tata Consultancy Services eyes business-friendly Budget 2020

Tata Consultancy Services (TCS), the giant in IT Services, Consulting, Technology and Digital Solutions, is expecting Union Finance Minister Nirmala Sitharaman to come up with a business-friendly Budget 2020-21. TCS Chief Operating Officer N Ganapathy Subramaniam spoke to Zee Business on the sidelines of the World Economic Forum in Davos on a range of issues from Union Budget 2020 to technology for the creation of a greener world and even the current geopolitical tensions.

Jan 22, 2020, 13:07 PM IST

FADA says vehicle registrations down 15% in December, puts hope on Budget 2020

Vehicle registrations in the country declined 15 per cent on a year-on-year basis to 16.06 lakh units after two months of positive growth, data from Federation of Automobile Dealers Associations (FADA) showed on Tuesday. FADA's statement said that it looks forward to demand spurring initiatives in the Union Budget 2020 and specific initiatives for the auto industry based on its feedback for the faster revival of much-needed sustainable growth.

Jan 22, 2020, 12:36 PM IST

Budget 2020: Repair and overhaul firms expect level playing field

Days ahead of the Union Budget 2020, local maintenance, repair and overhaul (MRO) firms hope the government will provide level-playing field by bringing the taxes at par with neighbouring hubs such as Singapore, Dubai, Colombo and Kuala Lumpur.Expectati ons are also high that Finance Minister Nirmala Sitharaman would announce lower import duty on spare parts and suggest directions for a favourable GST regime.

Jan 22, 2020, 10:58 AM IST

Q3 results, budgetary expectations to dictate equity trend

High stock valuations and the direction of foreign fund flows will impact the risk-taking appetite of domestic investors. The market participants expect measures to boost consumer sentiments via budgetary announcements on enhanced state funding for mega infrastructure projects and other sops to reverse the de-growth cycle.

Jan 20, 2020, 15:45 PM IST

FM to set realistic nominal GDP target at 9.5-10 percent

Revenue estimates and fiscal deficit targets are also likely to be circumspect as not to face a situation of failing to meet them as the Finance Ministry is already fighting two perceptional issues -- transparency in disclosing budget data, and not to set ambitious tax revenue and fiscal deficit targets.

Jan 20, 2020, 15:37 PM IST

Budget 2020 may push back fiscal deficit MTFP target

As per the medium-term fiscal policy cum fiscal policy strategy statement tabled in Parliament, the government is aiming to contain the fiscal deficit at 3.4 per cent in the current as well as the next fiscal, and then bring it down to 3 per cent in 2020-21.

Jan 20, 2020, 15:31 PM IST