News for '-first-budget'

FM promises to cut red tape further to build 'New India'

FM promises to cut red tape further to build 'New India'

Rediff.com5 Jul 2019

Our last mile delivery stood out, she said, and promised that programmes will be accelerated and red tape will be reduced.

Customary 'Halwa ceremony' kickstarts Budget proceedings

Customary 'Halwa ceremony' kickstarts Budget proceedings

Rediff.com23 Jan 2021

As part of the ritual, ''halwa'' is prepared in a big ''kadhai'' (large frying pot) and served to the entire staff involved in the Budget making exercise of the ministry. Halwa was served while maintaining COVID protocol with all present in mask and those distributing sweets were wearing gloves.

FM seeks India Inc's help to develop rail infrastructure

FM seeks India Inc's help to develop rail infrastructure

Rediff.com5 Jul 2019

Sitharaman said, public private partnership to be unleased to develop rail infrastructure.

Covid impact: Govt not to print Budget documents this year

Covid impact: Govt not to print Budget documents this year

Rediff.com11 Jan 2021

This will be the first time since the presentation of independent India's first budget on November 26, 1947, that the documents containing income and expenditure statement of the Union government along with finance bill, detailing new tax and other measures for the new financial year, will not be physically printed.

Parliament session from June 17; budget on July 5

Parliament session from June 17; budget on July 5

Rediff.com31 May 2019

The first two days of the session will be devoted to swearing-in of the newly elected MPs while the Lok Sabha speaker will be elected on June 19.

30 Years Later, Rao-Singh's Reforms Endure

30 Years Later, Rao-Singh's Reforms Endure

Rediff.com13 Jul 2021

But their trajectory and direction have been largely influenced by politics and the political leadership's understanding of how the economy needs to be managed, explains A K Bhattacharya.

Gold import lowest in 10 years, March saw huge plunge

Gold import lowest in 10 years, March saw huge plunge

Rediff.com1 Apr 2020

The month of March could be worst in many years, with imports estimated only around 18 tonnes amid the coronavirus pandemic and the nationwide lockdown, said an industry player. The import in March 2019 was 72.5 tonnes, according to the GFMS data.

Delhi lockdown: Few cars, people on roads

Delhi lockdown: Few cars, people on roads

Rediff.com23 Mar 2020

The Health and Family Welfare department had issued a detailed order on Sunday, notifying the lockdown in the whole of Delhi, stipulating various restrictions.

Additional tax deduction of Rs 1.5 L on interest on home loans

Additional tax deduction of Rs 1.5 L on interest on home loans

Rediff.com5 Jul 2019

Finance Minister Nirmala Sitharaman on Friday said the government is proposing additional tax deduction of Rs 1.5 lakh on interest paid on home loans taken up to March 2020 for purchase of house up to Rs 45 lakh.

Congress lauds Narasimha Rao as 'pride of the party'

Congress lauds Narasimha Rao as 'pride of the party'

Rediff.com24 Jul 2020

Manmohan Singh said Narasimha Rao can truly be called father of economic reforms in India.

TN's Technocrat Finance Minister Faces First Test

TN's Technocrat Finance Minister Faces First Test

Rediff.com12 Aug 2021

Finance Minister P T R Palanivel Thiagarajan has proclaimed his determination to set Tamil Nadu's fiscal house in order in five years, and Friday will show how he plans to go about it when he rises to present the Stalin government's maiden budget, says N Sathiya Moorthy.

We must have just 2 rates of income tax

We must have just 2 rates of income tax

Rediff.com3 Dec 2020

10 per cent for those who earn up to Rs 30 lakh a year and 25 per cent for those who earn more, suggests T C A Srinivasa-Raghavan.

The Great Indian Budget!

The Great Indian Budget!

Rediff.com1 Feb 2017

As the finance minister rises in the House to present the Budget, some interesting facts about the annual financial plan for the country.

Budget will empower poor and give youth a better future: PM

Budget will empower poor and give youth a better future: PM

Rediff.com5 Jul 2019

Modi said the policies of the government will empower the downtrodden and turn them into a "power house" for the development of the country.

BJP hails budget; old wine in new bottle, says Cong

BJP hails budget; old wine in new bottle, says Cong

Rediff.com5 Jul 2019

In this year's budget, Finance Minister Nirmala Sitharaman hiked tax on petrol and diesel, raised import duty on gold, levied additional surcharge on super rich and brought a tax on high value cash withdrawals as she sought to spur growth with reduction in corporate tax and sops to housing sector, startups and electric vehicles.

As FM, Jaitley will be remembered for fiscal rectitude

As FM, Jaitley will be remembered for fiscal rectitude

Rediff.com25 Aug 2019

For his first Budget in July 2014, Jaitley inherited a fiscal deficit target of 4.1 per cent of GDP. From 4.1 per cent, the fiscal deficit came down to 3.4 per cent by 2018-19, with two slippages from the budgeted targets, in 2017-18 and 2018-19, the former due to introduction of the GST, says Arup Roychoudhury.

No one can fill Ahmed Patel's void in Congress

No one can fill Ahmed Patel's void in Congress

Rediff.com26 Nov 2020

Patel's closeness to the Gandhi family was undeniable. But unlike others, he resisted the temptation to use it to leverage personal business, says Aditi Phadnis.

Delhi Assembly sets aside Rs 50 cr to deal with coronavirus

Delhi Assembly sets aside Rs 50 cr to deal with coronavirus

Rediff.com23 Mar 2020

Presenting the budget for the sixth consecutive time in the Assembly, Sisodia said the Delhi government will implement the Ayushman Bharat Yojana of the Centre in the national capital.

What will Nirmalaji do on February 1?

What will Nirmalaji do on February 1?

Rediff.com25 Jan 2021

If Nirmala Sitharaman does indeed present a 'never-before' like Budget on February 1, going by her promise, she would create a new benchmark for post-contraction Budgets, observes A K Bhattacharya.

Sitharaman wanted me out: ex-finance secretary Garg

Sitharaman wanted me out: ex-finance secretary Garg

Rediff.com31 Oct 2020

Subhash Chandra Garg, the former finance secretary who was shunted out of the finance ministry within three weeks of Modi-2.0 government's first budget last year, on Saturday alleged that new Finance Minister Nirmala Sitharaman got him transferred out.

FinMin's new A-team to unveil a big bang Budget?

FinMin's new A-team to unveil a big bang Budget?

Rediff.com20 Oct 2014

The shift was sudden, quite unlike Shukla's departure from North Block, which had been anticipated for some months even before Singh''s first Budget.

Printing of Budget document begins with 'halwa' ceremony

Printing of Budget document begins with 'halwa' ceremony

Rediff.com19 Jan 2017

The first Budget of Independent India was presented by R K Shanmukham Chetty on November 26, 1947.

FM quoted Kashmiri verse, Tamil literature in longest Budget speech

FM quoted Kashmiri verse, Tamil literature in longest Budget speech

Rediff.com1 Feb 2020

She recited a Kashmiri verse, which was part of a poem by Sahitya Akademi award winner Pandit Dinanath Koul. She rendered the verse in both Kashmiri and Hindi. Besides, the minister quoted woman Tamil poet Avvaiyar, Tamil poet Thiruvalluvar, a verse from Raghuvamsa by Kalidasa, as well as late finance minister Arun Jaitley while talking about the Goods and Services Tax (GST).

When Pranab clashed with Manmohan, twice

When Pranab clashed with Manmohan, twice

Rediff.com8 Sep 2020

Pranab Mukherjee's stewardship of the economy will stand out as much for the manner in which he managed controversies as for creating quite a few of them, says A K Bhattacharya.

Will Budget 2021-22 go beyond 'bahi-khata'?

Will Budget 2021-22 go beyond 'bahi-khata'?

Rediff.com31 Jan 2021

As India emerges from the COVID-19 crisis, the ninth budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.

What Nirmalaji said and meant

What Nirmalaji said and meant

Rediff.com23 Jul 2019

'A buoyant market economy is one which is led by the innovation and imagination of private persons,' notes Ajay Shah.

Arun Jaitley to attend annual IMF-World Bank meeting in April

Arun Jaitley to attend annual IMF-World Bank meeting in April

Rediff.com2 Apr 2019

RBI Governor Shaktikanta Das and Finance Secretary Subhash Chandra Garg are also expected to attend the meetings.

Oppn alleges leak of budget proposals to media ahead of presentation

Oppn alleges leak of budget proposals to media ahead of presentation

Rediff.com1 Feb 2019

Some members held placards of news reports about unemployment figures.

Sensex, Nifty extend gains for 4th day; all eyes on Budget

Sensex, Nifty extend gains for 4th day; all eyes on Budget

Rediff.com4 Jul 2019

Top gainers in the Sensex pack included Bharti Airtel, Tata Motors, IndusInd Bank, Kotak Bank, Hero MotoCorp, Asian Paints and PowerGrid, which rose up to 2.53 per cent.

Nirmalaji, time has come to modernise Budgeting

Nirmalaji, time has come to modernise Budgeting

Rediff.com8 Jan 2020

'The finance minister in her Budget speech should spell out how exactly she intends to get back to the 7% track, and the hard decisions she intends to take in order to adjust to the realities of a slowing economy until growth momentum returns,' suggests T N Ninan.

Railway Budget: It has something for everyone

Railway Budget: It has something for everyone

Rediff.com8 Jul 2014

India will soon get a Bullet train between Mumbai-Ahmedabad!

Price rise to generate heat during Budget session

Price rise to generate heat during Budget session

Rediff.com7 Jul 2014

The opposition has a whole host of issues to target the government.

US investors welcome Modi govt's maiden Budget

US investors welcome Modi govt's maiden Budget

Rediff.com11 Jul 2014

They said Union Finance Minister Arun Jaitley has opened the door to a much wider level of US involvement in India's development plans in the coming years.

FM may eye non-tax revenue in Budget to fund capital expenditure

FM may eye non-tax revenue in Budget to fund capital expenditure

Rediff.com5 Jun 2014

The finance minister could review customs duty on crude oil, other exemptions.

This whole Budget is Modi's big bet

This whole Budget is Modi's big bet

Rediff.com12 Jul 2014

It is unfair to expect Mr Jaitley to perform miracles with the Centre's straitened finances.

Why UPA govt's job scheme is a total failure

Why UPA govt's job scheme is a total failure

Rediff.com11 Jul 2014

MNREGA is a poverty-continuation scheme and is destructive to Indian aspirations and progress.

Vote for the Best Budget of this decade!

Vote for the Best Budget of this decade!

Rediff.com7 Jul 2014

Of all the Budgets presented over the years, Chidambaram under the leadership of Manmohan Singh is hailed for presenting the dream Budget in 1997.

Trump proposes $54 billion increase in defence spending

Trump proposes $54 billion increase in defence spending

Rediff.com27 Feb 2017

Speaking at a bipartisan gathering of US governors at the White House, Trump vowed significant increase in defence law enforcement and law enforcement. "This budget will be a public safety and national security budget," Trump said.

Why tax cuts will be key focus in Jaitley's maiden Budget

Why tax cuts will be key focus in Jaitley's maiden Budget

Rediff.com25 Jun 2014

The key numbers in Mr Jaitley's Budget will be looked at closely to assess the extent of revisions they represent over what Mr Chidambaram had presented in February.

Points new govt must focus on while presenting its 1st Budget

Points new govt must focus on while presenting its 1st Budget

Rediff.com30 Apr 2014

If the Budget has to be announced by July, there simply isn't enough time to entirely rework the interim Budget and produce an alternative set of forecasts.