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The shortfall in GST compensation payable to states in the current fiscal is estimated at Rs 2.69 lakh crore, of which Rs 1.58 lakh crore...

Starting from 1 April, the interest on employee contributions to provident fund of over ₹2.5 lakh per annum will be taxed, finance minister Nirmala Sitharaman...

Union Finance Minister Nirmala Sitharaman presenting Union Budget 2021 had announced a slew of changes in the income tax rules. These changes are set to...

How did India handle the previous two economic crises — the Asian and the global financial crises? What can we learn from them to understand...

The absence of any changes to the tax rates on the personal tax front under Budget 2021 has indeed given a sense of relief to...

Beset by problems of low productivity and the availability of cheaper import substitutes, the manufacturing sector’s share in India’s GDP has remained range bound for...

Just like the vaccine shots for Covid-19, Budget 2021 has come as a shot in the arm for India’s war on air pollution. The allocation...

Your budget has been described as one of the great recent budgets. Were you expecting such a reaction? Our priority was only to make sure...

For many entering the debate about the (undue) importance given to the annual Union budget exercise presented by GoI every February 1, one aspect seems...

New Delhi: Congress has alleged that the budget was pro-corporate, aimed only at benefitting a select few rich business houses. Initiating the discussion in the...

NEW DELHI: The Opposition slammed the government in the Lok Sabha on Wednesday for ignoring the “aam admi” and showing insensitivity towards agitating farmers in...

New Delhi: Industry body ESC on Tuesday said imposition of 2.5 per cent Basic Customs Duty (BCD) on mobile phone components, announced in the recent...

The government seems to have decided that India is beyond the Covid-19 crisis, evident from the planned reduction in expenditure on the rural employment guarantee...

Given the huge fiscal deficit that has been projected for next year, the government will need to borrow a lot, which in turn will harden...

Last week’s Union budget for 2021-22 targets a fiscal deficit of 6.8%. It might sound counterintuitive, but this target is too conservative. With GDP growth...

The coronavirus pandemic seems to be on the wane in India and vaccination is well underway. The glimmer of light that we are waiting for...

The Economic Survey 2020-21 and the Union Budget 2021-22 are remarkably different from previous ones. While the survey provides the analytical backstop for the government’s...

Not taking a decision is sometimes a decision in itself. For the usual operative parts of Budget 2021, that has been the best thing about...

Thanks to the pandemic, the Union Budget 2021-22 not only recognized the vulnerabilities typical of the country’s migrant, gig and platform workers—but has also offered...

India’s first budget of this decade was presented with the clear-cut agenda of stimulating growth on the back of government-led capital expenditure and incentivising investments,...

The government is sticking to the target of becoming a USD 5 trillion economy by 2024-25 and emphasis on infrastructure sector and other initiatives taken...

(This story originally appeared in on Feb 04, 2021) NEW DELHI: Niti Aayog CEO Amitabh Kant says there will be a few PSUs in strategic...

To make good on the growth budget, the government and its leaders must learn to appreciate the value of one behavioural imperative: smile! No, this...

Given that healthcare has taken centre stage due to the Covid pandemic, Budget 2021, naturally, has enhanced its outlay by about 2.4 times year-on-year. More...

NEW DELHI: In a move to protect the industry from cheap imports, India has introduced changes in the process and levy of anti-dumping duties, countervailing...