Page 10 - Latest Updates on Budget estimates
Interest earned on PF contributions above Rs 2.5 lakh to be taxable: Budget
Employers who delay the deposit of workers' share of social security contributions like employees' provident fund will not be able to claim the amount as deduction from their income
 "Interest earned on PF contributions above Rs 2.5 lakh to be taxable: Budget")
Budget proposals for start-ups to boost 'ease of doing business'
The union government has decided to extend tax holiday claim for start-ups by one more year
 "Budget proposals for start-ups to boost 'ease of doing business'")
Govt proposes Rs 3.05 trn scheme to revive power distribution companies
The FM also proposed a framework to provide electricity consumers option to choose from service providers
 "Govt proposes Rs 3.05 trn scheme to revive power distribution companies")
Women and Child Development Ministry's budget hiked by 16 per cent
A sum of Rs 24,435 crore has been set aside for the Women and Child Development (WCD) Ministry for the next fiscal
 "Women and Child Development Ministry's budget hiked by 16 per cent")
Winners and losers: Who got what in India's pandemic budget
Finance Minister Nirmala Sitharaman had promised an unprecedented budget aimed at buoying the economy
 "Winners and losers: Who got what in India's pandemic budget")
Rs 1,500 cr-scheme to boost e-payments; drive innovation by fintech cos
The government on Monday proposed a Rs 1,500 crore-scheme to promote digital transactions in the country
 "Rs 1,500 cr-scheme to boost e-payments; drive innovation by fintech cos")
FY22 disinvestment target at Rs 1.75 trn; financials a strategic sector
This includes two PSU banks and one general insurance company, in the next fiscal year beginning April 1
 "FY22 disinvestment target at Rs 1.75 trn; financials a strategic sector")
Fiscal activism
Govt should tread carefully on this path
 "Fiscal activism")
LIVE: India took 'short-term pain' for long-term economic gain, says CEA
BUDGET SESSION 2021 LIVE UPDATES: Finance Minister Nirmala Sitharaman tabled Economic Survey today. Stay tuned for LIVE updates on Budget session of the Parliament
 "LIVE: India took 'short-term pain' for long-term economic gain, says CEA")
Fiscal deficit at 135% of BE on higher capex; spending in Nov rises 250%
This is despite a reasonable pick-up in tax revenues during the month as economic activity gradually reverts to normalcy amid the pandemic
 "Fiscal deficit at 135% of BE on higher capex; spending in Nov rises 250%")
Best of BS Opinion: No escape from extra borrowing, Covid-19, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: No escape from extra borrowing, Covid-19, and more")
No escape from extra borrowing
Despite growth likely in the second half of the year, revenue gap will be large leading to higher borrowing and expenditure management
Statsguru: Rough terrain for states amid slowing economy hit by Covid-19
In FY20, provisional accounts indicate that states' revenue receipts were 12 per cent lower than the Budgeted amount
 "Statsguru: Rough terrain for states amid slowing economy hit by Covid-19")
In April-August, India's fiscal deficit at 109% of full-year target
Fiscal deficit or the gap between the expenditure and revenue had breached the annual target in July.
 "In April-August, India's fiscal deficit at 109% of full-year target")
FinMin unlikely to take Covid-hit FY21 as a base for FY22 Budget
FY20 is being considered for a 'more realistic comparison'
 "FinMin unlikely to take Covid-hit FY21 as a base for FY22 Budget")
Has the fiscal deficit reached 83% of FY21 target in Q1 itself? Not really
The figures we should consider to calculate fiscal deficit should be the enhanced borrowing level announced in May, rather than the one announced in February
 "Has the fiscal deficit reached 83% of FY21 target in Q1 itself? Not really")
The problem of tax buoyancy
The Union government's tax buoyancy has never been very high
Worrying macro dynamics
Growth in govt spending is leading to fiscal stress, crowding out
 "Worrying macro dynamics")
Back to February 28
Variation between revised and final Budget numbers has grown
 "Back to February 28")
Why govt needs a fresh 20/20 vision for Budget 2020
The provisional actual numbers reveal revenue shortfall led to a wider fiscal deficit in 2019-20, but unlike the previous year, the gap was met largely through higher borrowing in a transparent manner
 "Why govt needs a fresh 20/20 vision for Budget 2020")
