By Arvind Panagariya There is much in Budget 2020 that I like. But it also has a serious shortcoming in one area requiring urgent course correction. I discuss
Day: February 3, 2020
Budget measures too long term, unlikely to meet growth targets in FY21: Crisil – The Economic Times
It can be noted that this is the fourth consecutive budget that the Modi government has missed the original budget estimates on deficit numbers. Economists
Budget 2020: Amazon, Flipkart may approach govt for clarification on Budget proposal – The Economic Times
NEW DELHI: Amazon India and Flipkart are studying the Budget proposal on levy of one per cent TDS, and may reach out to the government
ET View: Growth unlikely to revive in a hurry; budget couldn’t have changed this reality – The Economic Times
By Sonal Varma Faced with a slowing economy, the key question for this budget was whether the government would try to quickly boost economic growth
View: Few winners in FM Nirmala Sitharaman’s marathon speech – The Economic Times
It is said that size matters, but the longest speech in budget history did not guarantee Nirmala Sitharaman success. Her second budget had no big
Penalties for false entries and fake invoicing: IT Act to be amended – The Economic Times
NEW DELHI: The Union Budget has proposed to levy penalties on taxpayers who manipulate their accounts via false entries and fake invoicing to claim input
GST: CBIC extends GSTR-9 and GSTR-9C filing dates in a staggered manner – The Economic Times
On a day when the Economic Survey acknowledged the fact that both GST system is complex, taxpayers found it impossible to file their returns. The
MSME: Budget 2020: Decoding Nirmala Sitharaman’s budgetary allocation for MSMEs – The Economic Times
The biggest dip has come for the Credit Support Programme, its earlier share was Rs 597 crore and this time its allocated only Rs 100
Nirmala Sitharaman’s Budget 2020 is a disappointment at many levels | Business Standard Column
When Nirmala Sitharaman presented the government’s Budget for the current fiscal year in July 2019, this columnist had argued: “The revenue projections are unrealistic. …The
Disinvestment dynamics | Business Standard Editorials
The Budget estimates for the next fiscal year, to a large extent, depend on achieving an ambitious disinvestment target. It intends to raise a massive
Glide path for direct tax | Business Standard Editorials
One of the headline initiatives in the Union Budget for 2020-21 was a proposed change to personal income tax applicable in particular to income below
Union Budget 2020: Protection, evasion prime concerns | Business Standard Column
This Union Budget takes forward the government’s agenda to protect Indian industries from import and strengthen the enforcement mechanisms to counter evasion or circumvention of
RBI’s pause and no change in stance may continue | Business Standard Column
The Budget of aspiration, economic development and care for all is behind us. Let’s focus on the next big event — the last bimonthly meeting
Risks of revised estimates | Business Standard Column
A closer look at the expenditure numbers presented in the Union Budget for 2020-21 offers fresh insights on how the Union government has tried to
Blaming the Budget? Blame your beliefs | Business Standard Column
Until Saturday, there seemed to be a consensus among businessmen and financial sector experts that this Union Budget will do something truly innovative and big
Crowding out and opening up | Business Standard Column
Finance Minister Nirmala Sitharaman prepared the Union Budget for 2020-21 while labouring under multiple constraints. The economy has slowed sharply. Tax revenue is lower than
Budget: FM has decided to place her bets on putting up a defendable score | Business Standard Column
Ever since FM Nirmala Sitharaman took over, there have been a series of measures aimed at kick-starting a sluggish economy that threatened to go into
Measures in Budget 2020 to encourage long-term investments into India | Business Standard Column
In the backdrop of high expectations, the finance minister has provided a significant impetus to investors by addressing some of their long-pending concerns. Abolishing the
Union Budget 2020: It’s time to unclutter tax regime, says expert | Business Standard Column
I’m a proponent of simple Budgets. For me, that means few or a single tax rate with limited or no deductions that are uniformly applied
Taxpayer vs tax dept: Both sides need to make efforts to reduce litigation | Business Standard News
The pending number of tax litigation across various fora has reached an alarming stage. According to the finance minister, the total number of direct tax
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