The development comes after the resignation of Manish Sisodia and Satyendar Jain, the key faces of the city government and were instrumental in steering the national capital through the COVID-19 crisis.
The Budget decides to take the lead in revving up infrastructure.
The industry's reactions to the Budget have been mixed.
Budget to be presented on Friday is expected to carry out a "clean up" operation of tax administration besides measures to spur growth.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
The move is aimed at cutting the fiscal deficit, which the government wants to contain at 4.1 per cent of GDP.
'While China has been hiking its defence spending, India has done precious little in implementing the Manmohan Singh government's decision of raising a 90,000-strong China-centric Mountain Strike Corps,' says Rajeev Sharma.
Sectors throw up a wishlist for the Finance Minister.
Modi said not a single leader of the opposition grouping INDIA has uttered a word against the "disrespect" for women.
Under pressure to implement Lodha Committee Reforms as per Supreme Court Directives, the BCCI is relying that the revised National Sports Bill is tabled by the Budget Session of the Parliament in 2017 which will save them from undergoing structural changes. A very senior BCCI official said that some key changes are being made in the original Bill.
Multiple challenges, particularly with regard to cabinet formation, stare at Siddaramaiah as he takes over as the new chief minister of Karnataka, nudging out party colleague and state Congress president D K Shivakumar -- who will now be his deputy.
More incentives will be given to agriculture sector for increasing agriculture production.
According to Congress, the five schemes are 200 units of free power to all households (Gruha Jyoti), Rs 2,000 monthly assistance to the woman head of every family (Gruha Lakshmi), 10 kg of rice free to every member of a BPL household (Anna Bhagya), Rs 3,000 every month for unemployed graduate youth and Rs 1,500 for unemployed diploma holders (both in the age group of 18-25) for two years (YuvaNidhi), and free travel for women in public transport buses (Shakti).
Jaitley is expected to present a common man friendly Budget.
Experts hail Budget 2015 as a progressive, growth oriented one.
Higher excise duty at 12 per cent would have negative impact on pesticides manufacturers.
To begin, the Budget has no doubt attempted to address uncertainty.
Modi govt must implement few policy measures which it announced in Budget 2015.
Finance Minister Nirmala Sitharaman is scheduled to address the post-budget meeting of the RBI's central board on Monday and highlight key points of the Union Budget 2022-23, including the fiscal consolidation roadmap and high capex plan. It has been a custom that the finance minister addresses the RBI board, consisting of RBI Governor and existing four deputy governors, after the Budget. The meeting has been scheduled for February 14 where she would be addressing the board members and talk about announcements made in the Budget to perk up growth hit by three waves of COVID-19, sources said.
Portfolio investors based out of the US and other countries with which India does not have favourable tax treaties will have to pay a 15 per cent tax on their derivative transactions, after the Budget decided to classify income from all foreign portfolio investment as capital gains.
'I'll give it to the vaccine manufacturers without guarantees, take the payment in advance and give me the supplies.' 'The moment you give me one lot of supply, I'll give you more.'
Capex for next year expected to be up 25% to Rs 3 lakh crore
The government on Tuesday announced a Rs 200 per cylinder cut in prices of domestic cooking gas as it looked to counter the cheaper LPG promise of the Congress in upcoming assembly elections in states like Madhya Pradesh.
20 new industrial clusters will be developed in 2014-15.
For 2015-16, the planned outlay for the department was Rs 2,568 crore.
The US budget proposals unveiled by President George W Bush includes $564 million in aid for South Asia, the bulk of it for Pakistan and Afghanistan and a comparatively miniscule amount for India.
Finance Minister Nirmala Sitharaman on Friday pitched for front loading of capital expenditure, saying it is critical for revitalisting the economy post the coronavirus pandemic. During a virtual meeting with senior government officials to discuss the infrastructure roadmap ahead, she also asked ministries to aim to achieve more than their capital expenditure (capex) targets. The Union Budget 2021-22 provided a capital outlay of Rs.5.54 lakh crore, a sharp increase of 34.5 per cent over the Budget Estimate of 2020-21.
Ministry considering tax sops for India's first global financial centre, steps to liberalise futures and options markets.
There have been demands from a section of stakeholders that the long-term capital gains tax on equities be reimposed.
Hussain said the new government had inherited an "empty treasury" while the prices of oil were shooting up.
The richest one per cent in India now own more than 40 per cent of the country's total wealth, while the bottom half of the population together share just 3 per cent of wealth, a new study showed on Monday.
'Within a short span, it increased attendance, improved children's physical fitness, and led to a rise in the enrolment ratio.'
Both prime ministers believed in crafting schemes to help the common man. Modi used quite effectively the instruments Dr Singh introduced. In assessing Modi's success with many schemes, Dr Singh's fundamental work should not be ignored, points out A K Bhattacharya.
Significantly, about half of the CEOs who took part in the survey indicated that they propose to increase their investments in near future, 45 per cent cited no change in investment levels, while only 5 per cent expected a fall.
Budget is widely seen as a test of Prime Minister Narendra Modi.
Budget will get a welcome reception from the international biz.
Majority expect economy to slow down, but are satisfied with Modi govt's performance.
In her first address to the joint sitting of Parliament as the Budget session began, she said 'Amrit Kaal', described by the government as the 25-year period culminating in the centenary of India's independence, is the time to build an India which is 'aatmanirbhar' (self reliant) and also fulfils its humanitarian obligations.
