While the government's labour to boost semiconductor manufacturing in India is bearing some fruits, it is still toiling hard to bring the railways' expenditure on track. This report explains how In 2016-17, while 11 per cent of Railways capital expenditure (capex) was funded b...

Finance Minister Nirmala Sitharaman said the revised estimate of capital expenditure for this fiscal is Rs 6.03 lakh crore The Centre has allocated Rs 9,259 crore to Air India Assets Holding Limited (AIAHL), a government-owned special purpose vehicle set up to handle Air India...

The prime minister said the Budget is "full of opportunities for more Infrastructure, more Investment, more growth, and more jobs". Prime Minister Narendra Modi on Tuesday said the Union Budget was “people friendly, progressive” and full of possibilities for infrastructure, in...

The Reason: Fall in contribution from telcos and lower dividend from RBI Finance Minister Nirmala Sitharaman announced that spectrum would be auctioned in 2022 to facilitate the rollout of 5G mobile services by private telecom operators. Despite this, the telecom sector is pro...

Finance Minister Nirmala Sitharaman on Tuesday tabled the Union Budget for FY 2022-23 Highlighting the role of the real estate sector in India's economy, industry experts termed the Union Budget 2022-23 as a growth-inducing budget. Finance Minister Nirmala Sitharaman on Tuesda...

While tabling her fourth Budget, Nirmala Sitharaman said that it will lay the foundation for the next 25 year's economic growth. Let us examine what this Budget has in store for the country Budget 2022 saw a sharp increase in capital expenditure and the government committing e...

Spectrum auctions to be conducted in 2022, expected rollout of 5G mobile services within 2022-23 Telecommunication • Spectrum auctions to be conducted in 2022, expected rollout of 5G mobile services within 2022-23 • Contracts for laying optical fibre in villages, remote areas,...

'The introduction of digital currency will give a boost to the economy', said Shivraj Singh Chouhan Yogi Adityanath (Uttar Pradesh) "A progressive Budget 2022 as it benefits all sections, especially farmers, women and youth. Important announcements such as MSP, measures to dou...

We are not taxing a currency (digital rupee) that is yet to be issued At the customary post-Budget media interactions, Nirmala Sitharaman and her topmost bureaucrats touched upon a number of issues. The minister said the government taxing income from digital virtual assets did...

Out of the total fertiliser production, urea output was at 18.7 million tonne, Di Ammonium Phosphate (DAP) at 3 million tonne and complex fertilisers at 6.8 million tonne The government's fertiliser subsidy touched Rs 85,300 crore in the first nine months of the ongoing fiscal...

Carmakers are saddled with a backlog of over 7 lakh orders as of December 2021, due to the the shortage of semiconductors, according to the Economic Survey. Budget 2022: With the delay in supply, the average lead time (the difference between the date of order and actually rece...

The steep rise in food subsidy bill was on account of Pradhan Mantri Garib Kalyan Ann Yojana introduced as part of the Economic Response to Covid-19 Budget 2022 : Nearly 60 % of the increase in revenue expenditure during 2020-21 was due to increase in major subsidies. The majo...

Union Budget 2022 Highlights: Keeping with recent tradition, Union Finance Minister Nirmala Sitharaman is expected to announce Union Budget 2022 on February 1 this year. Budget 2022: The annual report of India as a country. It contains the government of India's revenue and exp...

The Central government has done a lot of work for the real estate sector in the previous years with landmark initiatives. The Central government has done a lot of work for the real estate sector in the previous years with landmark initiatives. The sector is hoping that the con...

Budget 2022 - The Union budget will be presented at 11 AM on February 1, said sources. A day before, on January 31, President Ramnath Kovind will address the joint session of Parliament. In view of COVID-19 guidelines, the Lok Sabha and the Rajya Sabha will be functioning in s...

Budget 2022 - The biggest positive trigger for Dalal Street in the upcoming Union Budget 2022 could be any abolition of Securities Transaction Tax (STT). Market participants will also look forward to re-examination of laws dealing with withholding tax on dividends, withdrawal...

Ahead of Union Budget 2022, which is to be tabled on February 01, 2022, huge expectations, from individual as well as corporate taxpayers, await Finance Minister. Nirmala Sitharaman. Businesses are waiting with bated breath to see what reforms and reliefs are introduced for th...

Budget 2022 - An increased budgetary support from the government for flagship projects including Sagarmala and inland waterways will provide a boost to the execution pace and investments, domestic ratings agency Icra said on Monday in its pre-budget expectations note on ports,...

The Telangana government has urged Nirmala Sitharaman to allocate funds in the union budget 2022-23 for various works taken up in the state. The Telangana government has urged Union Finance Minister Nirmala Sitharaman to allocate funds in the union budget 2022-23 for various w...

The country is keenly waiting for the Union Budget which will be tabled on February 1. But what are its major components? Why does the govt conduct this annual exercise? Find the answers here Budget 2022 : Under Article 112 of the Indian Constitution, the central government is...

The countdown to Budget 2022 has begun and India is in the midst of resurgence in coronavirus cases driven by the new Omicron variant. While this pose downside risks to the economic growth, the impact isn’t expected to be significant.Nonetheless, contact-intensive sectors, tra...

Budget 2022 - The Telangana government has urged Union Finance Minister Nirmala Sitharaman to allocate funds in the union budget 2022-23 for various works taken up under the Municipal Administration and Urban Development Department in the state. Municipal Administration and Ur...

The pandemic proved to be devastating for the informal sector. Its representatives asked FM Nirmala Sitharaman to extend support in the upcoming Budget. Take a peek into the condition of this sector In 2016, demonetization dealt a severe blow to the struggling Micro, Small and...

They put forward their views for the development of their respective regions Ahead of the Budget, representatives from the ruling BJP and its state units sought support from finance minister Nirmala Sitharaman for the sectors that have been the worst affected by the pandemic....

Insurance penetration in India stands at 4.2% as of 2020-21, with life at 3.2% and non-life at 1%, according to Irdai’s 2020-21 annual report Ahead of the Union Budget 2022-2023, which is less than a fortnight away, insurers are asking for various tax sops from the central gov...

Gems and Jewellery Export Promotion Council has urged the government to reduce import duty on gold to 4% from 7.5% and a special package for the sector in the forthcoming Budget Budget 2022: Gems and Jewellery Export Promotion Council (GJEPC) has urged the government to reduce...

The organisation noted that the reduction of GST on medical devices and medical cold chain from 12 per cent to 5 per cent would lead to the expansion of the healthcare sector through reduced costs The Medical Technology Association of India (MTaI) has urged the government to r...

The increased spending comes ahead of crucial assembly polls and amid efforts by the ruling BJP to win over farmers after facing massive protests against new laws that have since been scrapped Budget 2022: India is likely to earmark nearly $19 billion in the federal budget to...

Ahead of the Budget, representatives from the ruling BJP and its state units sought support from finance minister Nirmala Sitharaman for the sectors that have been the worst affected by the pandemic. These include hospitality, leisure and tourism. They said the Centre should c...

Budget 2022 - Automobile dealers' body FADA has urged the government to reduce GST rates on two-wheelers to 18 per cent in order to generate demand in the segment. The Federation of Automobile Dealers Association (FADA), which represents over 15,000 automobile dealers having 2...