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News - (Get Professional Updates on Whatsapp, Msg on 8285393786) Category : Budget

FM kicks off budgetary exercise with HALWA ceremony
Posted Date : 21-Jan-2020 , 08:12:52 am | Posted By CASANSAAR

It is a tradition to have something sweet before any auspicious event in India. The Union budget is no exception. Printing of the budget documents started on Monday, with the finance minister Nirmala Sitharaman attending the customary ‘halwa’ ceremony. As part of the over-70-year-old ...

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Category : Budget | Comments : 0 | Hits : 254

Budget may make faking input tax non-bailable crime for buyers too
Posted Date : 15-Jan-2020 , 09:04:48 am | Posted By CASANSAAR

The government is likely to make fraudulent claims for input tax credit a non-bailable offence in the hands of recipients of goods and services in the February 1 budget by tightening the GST law, as it seeks to plug leakages. CXOs, directors or employees directly responsible for making such claim...

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Category : Budget | Comments : 0 | Hits : 580

Government may address inverted duty structure in Budget
Posted Date : 14-Jan-2020 , 07:59:10 am | Posted By CASANSAAR

To boost manufacturing as part of the 'Make In India' campaign, the government is expected to address the issue of inverted duty structure, especially in sectors such as chemicals and electronics, in the forthcoming Budget, sources said. Inverted duty structure refers to taxation of inputs a...

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Category : Budget | Comments : 0 | Hits : 143

FM to hold pre-Budget consultations with stakeholders beginning Monday
Posted Date : 16-Dec-2019 , 10:09:47 am | Posted By CASANSAAR

Beginning the customary pre-Budget consultation exercise from Monday, Finance Minister Nirmala Sitharaman will seek inputs from various stakeholders including industry bodies, farmer organisations and economists for reviving consumption and boosting growth. Sitharaman is likely to present her sec...

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Category : Budget | Comments : 0 | Hits : 150

Finance Ministry to kick-start budgetary exercise from Oct 14
Posted Date : 07-Oct-2019 , 07:52:40 am | Posted By CASANSAAR

The finance ministry will kick-start the exercise to prepare annual Budget for 2020-21 from October 14. According to a Budget Circular of the Budget Division of the Finance Ministry's Department of Economic Affairs, the pre-Budget or Revised Estimate meetings will begin on 14th of this ...

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Category : Budget | Comments : 0 | Hits : 378

SEBI for listing social enterprises and voluntary organizations
Posted Date : 06-Jul-2019 , 11:24:47 am | Posted By CASANSAAR

Union Budget proposes creation of a social stock exchange- under the regulatory ambit of Securities and Exchange Board of India (SEBI) for listing social enterprises and voluntary organizations. Government to take up necessary measures for inter-operability of RBI depositories and SEBI depositori...

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Category : Budget | Comments : 0 | Hits : 380

Key Highlights of Union Budget 2019-20
Posted Date : 05-Jul-2019 , 02:43:23 pm | Posted By CASANSAAR

The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman made her maiden Budget Speech today and presented the Union Budget 2019-20 before the Parliament. The key highlights of Union Budget 2019 are as follows: 10-point Vision for the decade Building Team India with Jan Bhagida...

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Category : Budget | Comments : 0 | Hits : 1323

GST returns; threshold for goods supplier to be enhanced from Rs. 20 lakhs to Rs. 40 lakhs
Posted Date : 05-Jul-2019 , 02:14:35 pm | Posted By CASANSAAR

GST processes further simplified; businesses with less than Rs. 5 crore annual turnover to file quarterly GST returns; threshold for goods supplier to be enhanced from Rs. 20 lakhs to Rs. 40 lakhs Sabka Vishwas Legacy Dispute Resolution Scheme to resolve litigations involving more than Rs. 3.75 Lak...

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Category : Budget | Comments : 0 | Hits : 931

All necessary steps to be taken to meet public shareholding norms of 25% for all listed PSUs
Posted Date : 05-Jul-2019 , 02:09:45 pm | Posted By CASANSAAR

All necessary steps to be taken to meet public shareholding norms of 25% for all listed PSUs Government to start raising a part of its Gross Borrowing Programme in External Markets New coins of One, Two, Five, Ten & Twenty Rupees easily identifiable to visually impaired to be made available fo...

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Category : Budget | Comments : 0 | Hits : 198

Union Budget Proposes Strengthening MSMEs to Boost Make in India
Posted Date : 05-Jul-2019 , 02:03:49 pm | Posted By CASANSAAR

Union Budget Proposes Strengthening MSMEs to Boost Make in India Rs. 350 Crore Allocated Under Interest Subvention Scheme Pension Benefit to 3 Crore Retail Traders, Small Shopkeepers with Annual Turnover Less Than Rs.1.5 Crore Under Pradhan Mantri Karam Yogi Maandhan Scheme 100 New Clusters to be...

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Category : Budget | Comments : 0 | Hits : 129

Public Sector Banks proposed to be provided Rs 70,000 crore capital to boost credit
Posted Date : 05-Jul-2019 , 01:56:35 pm | Posted By CASANSAAR

Public Sector Banks are to be further provided Rs 70,000 crore capital to boost credit for a strong impetus to the economy. To further improve ease of living, they will leverage technology, offering online personal loans and doorstep banking, and enabling customers of one Public Sector Bank to acces...

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Category : Budget | Comments : 0 | Hits : 76

Union Budget proposes measures to deepen Corporate Debt markets
Posted Date : 05-Jul-2019 , 01:54:31 pm | Posted By CASANSAAR

A number of measures to further deepen bond markets have been proposed by the Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, while presenting the Union Budget 2019-20 in Parliament today. The Finance Minister said, “Corporate Debt markets are crucial for the infrast...

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Category : Budget | Comments : 0 | Hits : 82

Tax rates for individuals having taxable income from Rs. 2 cr - 5 cr and Rs. 5 cr & above to be increased by around 3 % and 7 % respectively
Posted Date : 05-Jul-2019 , 01:52:15 pm | Posted By CASANSAAR

Tax rates for individuals having taxable income from Rs. 2 cr - 5 cr and Rs. 5 cr & above to be increased by around 3 % and 7 % respectively Direct Tax revenue increases by over 78 % in FY2018-19 from FY 2013-14; rose to Rs. 11.37 lakh crore from Rs. 6.38 lakh crore Relief proposed in Le...

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Category : Budget | Comments : 0 | Hits : 245

Union Budget stresses the need for heavy investment in infrastructure, Digital Economy and job creation in small and medium firms
Posted Date : 05-Jul-2019 , 01:43:23 pm | Posted By CASANSAAR

Union Budget stresses the need for heavy investment in infrastructure, Digital Economy and job creation in small and medium firms In Transport sector, budget proposes PPP in railways, roadmap to make India a hub of maintenance, repair and overhaul and aircraft financing / leasing activities and&nbs...

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Category : Budget | Comments : 0 | Hits : 163

Lower rate of 25 % Corporate Tax extended to companies with Annual Turnover up to Rs. 400 crore from earlier cap of upto Rs 250 crore
Posted Date : 05-Jul-2019 , 01:36:39 pm | Posted By CASANSAAR

Lower rate of 25 % Corporate Tax extended to companies with Annual Turnover up to Rs. 400 crore from earlier cap of upto Rs 250 crore Interchangeability of PAN and Aadhaar to file tax return proposed 2 % TDS on cash withdrawal exceeding Rs. 1 crore in a year from a bank account to encourage ...

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Category : Budget | Comments : 0 | Hits : 181

Govt hikes divestment target to Rs 1.05 lk cr for FY20
Posted Date : 05-Jul-2019 , 01:15:48 pm | Posted By CASANSAAR

Finance Minister Nirmala Sitharaman on Friday announced raising the disinvestment target to Rs 1,05,000 crore from FY2019-20 as against Rs 90,000 crore set in the interim budget. Presenting the first Budget of the Modi government in its second term, Sitharaman said the sovereign external debt to GD...

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Category : Budget | Comments : 0 | Hits : 60

Govt to infuse Rs 70,000 cr into state-owned banks
Posted Date : 05-Jul-2019 , 01:06:57 pm | Posted By CASANSAAR

Finance Minister Nirmala Sitharaman Friday announced that the government will pump in 70,000 crores into public sector banks (PSBs) to strengthen them and enhance their lending capacity. Unveiling Budget 2019-20, she said non-performing assets of PSBs have come down by Rs 1 lakh crore. Banks have ...

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Category : Budget | Comments : 0 | Hits : 85

Printing process for General Budget 2019-20 commences with Halwa Ceremony
Posted Date : 23-Jun-2019 , 05:50:40 am | Posted By CASANSAAR

Halwa ceremony marking the commencement of Budget printing process for the General Budget 2019-20 was held in North Block here today afternoon in the august presence of the Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman. Union General Budget 2019-20 is to be presented ...

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Category : Budget | Comments : 0 | Hits : 258

FM holds Pre-Budget Consultation with representatives of Financial Sector and Capital Markets
Posted Date : 14-Jun-2019 , 08:56:49 am | Posted By CASANSAAR

The Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman held her third Pre- Budget Consultation Meeting with the stakeholders from Financial Sector and Capital Markets here today. The main areas of discussion during the Meeting included issues relating to the Ca...

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Category : Budget | Comments : 0 | Hits : 241

FM holds Second Pre-Budget Consultation with the Representatives of Industry, Services and Trade Groups
Posted Date : 12-Jun-2019 , 08:51:48 am | Posted By CASANSAAR

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 2019-20 here today. Her second Meeting was with the stakeholder Groups from Industry, Trade and Ser...

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Category : Budget | Comments : 0 | Hits : 188

FM Nirmala Sitharaman to present her first Union Budget on 5 July
Posted Date : 01-Jun-2019 , 07:55:14 am | Posted By CASANSAAR

The new Finance Minister Nirmala Sitharaman will present her first Union Budget (for FY20) on 5 July, the government decided on Friday. A day before the Union Budget, Sitharaman will table in Parliament the Economic Survey 2018-19 authored by chief economic adviser Krishnamurthy Subramaniam and h...

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Category : Budget | Comments : 0 | Hits : 519

Finance Bill 2019 becomes Act - President assented interim Budget 2019
Posted Date : 23-Feb-2019 , 10:58:30 am | Posted By CASANSAAR

The interim budget 2019 finance bill has been assented to by the President on February 21 thereby making it an Act. This means that the proposals in the Finance bill 2019 including the tax changes now become law. The interim budget had proposed to increase standard deduction for salaried employees t...

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Category : Budget | Comments : 0 | Hits : 548

Parliament passes Interim Budget 2019-20
Posted Date : 13-Feb-2019 , 11:16:10 am | Posted By CASANSAAR

Parliament approved Modi Government's sixth and final Budget that gave Income Tax rebate to those earning up to Rs 5 lakh, an annual cash dole of Rs 6,000 to small farmers and pension for unorganised sector workers. While the Lok Sabha has passed the Appropriation Bills that gave Govern...

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Category : Budget | Comments : 0 | Hits : 450

Income upto Rs 5 Lakh to get full tax rebate; higher standard deduction proposed
Posted Date : 01-Feb-2019 , 01:54:48 pm | Posted By CASANSAAR

Individual taxpayers having taxable annual income up to Rs.5 lakhs will get full tax rebate and therefore will not be required to pay any income tax. While presenting the Interim Budget 2019-20 in Parliament today the Union Minister for Finance, Corporate Affairs, Railways &...

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Category : Budget | Comments : 0 | Hits : 568

Tax collections increased from Rs 6.38 Lakh Cr in year 2013-14 to almost Rs 12 Lakh Cr
Posted Date : 01-Feb-2019 , 01:39:27 pm | Posted By CASANSAAR

The Government has reduced tax rates, more for the common man and middle class, and made the interface with the tax department much simpler and largely faceless. Due to this, the tax collections increased significantly from Rs 6.38 lakh crore in 2013-14 to almost Rs 12 lakh crore this year...

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Category : Budget | Comments : 0 | Hits : 227

Budget 2019 - Defence budget hiked to Rs. 3,05,296 crore
Posted Date : 01-Feb-2019 , 01:30:12 pm | Posted By CASANSAAR

Rs. 3,05,296 crore have been provided in the Budget Estimates for 2019-20, compared to Rs. 2,82,733 crore provided in 2018-19 Budget Estimates. The figures were revised to Rs. 2,85,423 crore in the Revised Estimates of 2018-19. While presenting the Interim Budget 2019-20 in Parliament toda...

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Category : Budget | Comments : 0 | Hits : 123

One Lakh villages to go digital over next five years
Posted Date : 01-Feb-2019 , 01:28:27 pm | Posted By CASANSAAR

India having emerged as the world leader in the consumption of mobile data, the Government now aims to widen its impact by reaching out to the interior and rural areas. While presenting the Interim Budget 2019-20 in Parliament today, the Union Minister for Finance, Corporate Affairs, Railways & ...

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Category : Budget | Comments : 0 | Hits : 106

Govt allocates Rs.64,587 Crore for Railways in 2019-20
Posted Date : 01-Feb-2019 , 01:26:55 pm | Posted By CASANSAAR

In the Interim Budget 2019-20, the Railways has been allocated Rs.64,587 crore. The Railways’ overall capital expenditure programme is of Rs.1,58,658 crore. This was stated by the Union Minister for Finance, Corporate Affairs, Railways & Coal, Shri Piyush Goyal, while...

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Category : Budget | Comments : 0 | Hits : 110

Anti-black money measures brought undisclosed income of about Rs 1.3 Lakh Crore to tax
Posted Date : 01-Feb-2019 , 01:25:45 pm | Posted By CASANSAAR

The anti-black money measures taken by the Government during the last four and half years in the form of Black Money Law, the Fugitive Criminal Offenders Act, and Demonetisation, have brought undisclosed income of about Rs 1,30,000 crore to tax. These measures have also led to seizure and attachment...

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Category : Budget | Comments : 0 | Hits : 239

Union Budget 2019 - Live Updates
Posted Date : 01-Feb-2019 , 07:12:38 am | Posted By CASANSAAR

FM Piyus Goyal to present Interim Budget 2019 today. CASANSAAR are providing you live updates of Interim Budget 2019. JUST REFRESH THE PAGE (CLICK F5) FOR ALL LIVE UPDATES. Individual taxpayers having annual income upto 5 lakhs will get full tax rebate Capital gains exempti...

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Category : Budget | Comments : 0 | Hits : 2605

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