Ministry of Finance New Personal Income Tax Regime heralds significant relief, especially for Middle Class TaxpayersNew tax regime to be optional for the taxpayersNew rates entail estimated revenue forgone of Rs 40,000 Crore per year In order to provide significant relief to the individual taxpayers and to simplify the Income-Tax law, the Union Budget proposes…
Macro-economic Framework Statement (MFS) 2020-21 predicts rebound in GDP growth from first quarter of 2020-21 | Budget 2020
Ministry of Finance Macro-economic Framework Statement (MFS) 2020-21 predicts rebound in GDP growth from first quarter of 2020-21Government expected to return to glide path of Fiscal Consolidation in the Medium TermFocus on enhancing creation of Capital Assets, with Water Conservation and Sanitation as focus sectorsMFS 2020-21 predicts Nominal Growth of the Economy at 10% in…
KEY HIGHLIGHTS OF UNION BUDGET 2020-21 | Budget 2020
Ministry of Finance Presenting the first Union Budget of the third decade of 21st century, Finance Minister Smt. Nirmala Sitharaman, today unveiled a series of far-reaching reforms, aimed at energizing the Indian economy through a combination of short-term, medium-term, and long-term measures. The Key Highlights of Union Budget 2020-21 are as follows: Three prominent themes of…
Smt. Nirmala Sitharaman holds Pre-Budget consultation with Finance Ministers of State/UTs
Ministry of Finance Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman held the Pre-Budget consultations with Finance Ministers of States and UTs (with legislature) here today. The meeting was attended by Chief Ministers of Goa, Haryana and Puducherry, Deputy Chief Ministers of Arunachal Pradesh, Bihar, Delhi, Tamil Nadu and Tripura as well as…
FM holds first Pre-Budget Consultations with the representatives of Digital Economy, Fintech and Start-Ups
Ministry of Finance The Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman, started her Pre-Budget Consultations with different stakeholder Groups in connection with the forthcoming General Budget 2020-21 here today. Her first meeting was with the stakeholder Groups from Digital Economy, Fintech and Start-ups . The main areas of discussion during the aforesaid meeting…
FM holds Pre-Budget Consultation with representatives of Financial Sector and Capital Markets
Ministry of Finance The Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman held her second Pre- Budget Consultation meeting with the stakeholders from Financial Sector and Capital Markets in connection with the forthcoming General Budget 2020-21 here today. The main areas of discussion during the meeting included issues namely increasing credit off take…