Page 19 - Union Budget

MHI draws up three proposals for FAME-III scheme budget firepower

Proposals range from Rs 12.6K-30K cr but FinMin reluctant to allocate more than Rs 10K cr

Street signs: Nifty hits a speed hump, MF industry on tax tightrope, more

The mutual fund (MF) industry is concerned that the upcoming Union Budget may bring another tax blow

Stable govt, policy continuity, Budget: Why Nomura is positive on India

The confidence stems from the NDA government taking charge at the Centre which, Nomura believes, appears to be stable, primarily due to the major number of seats held by BJP in the coalition govt

A full Budget, implementing pending reforms to keep finance minister busy

While the ministry has started work on the Budget, it is expected to begin industry consultations

Lok Sabha poll results: Portfolio shuffle may see capex-to-defensive switch

The 200 Day Moving Average -- a benchmark for a healthy bull market is also close enough to that level. A drop below 21,000 could have long-term bearish consequences.

Shankar Sharma's market strategy post Lok Sabha exit poll: Stay strapped in

Meanwhile, every government since 1991, Shankar Sharma said, has performed exceedingly well in different ways and with different strategies

Volatility index India Vix records steepest slump in nearly 5 years

Poll expectations, easing of global tensions likely causes

Decoding Annual Budget

Secretaries in a huddle to prepare five-year roadmap of next govt

Full-year Union Budget to lay out Viksit Bharat vision

A short report card

Three successes and two failures of policy in the last five years

Exemptions to rebates: Differences between old and new tax regime

Taxpayers are given a choice to choose between the old and new tax regimes

The North-South divide: The 'fiscal injustice' rhetoric is biased

It should not be forgotten that in the 1950s and 1960s, the North Indian states subsidised Southern and Western India as part of the cooperative model of nation-building

Govt bond yields fall for 4th consecutive month as favourable budget aids

The benchmark 10-year yield ended at 7.0764%, after closing at 7.0663% on Wednesday. The yield declined seven basis points in February, after falling 21 basis points in November-January

PFRDA amends regulations for Trustee Bank, Central Recordkeeping Agency

Pension Fund Regulatory and Development Authority (PFRDA) has amended regulations for Trustee Bank, and Central Recordkeeping Agency. The amendments to Trustee Bank (TB) Regulations simplify and strengthen the provisions related to implementation of fraud prevention and mitigation policy, compensation to the subscriber, invitation of application for new registration and surrender of certificate of registration, an official statement said on Thursday. Amendments to Central Recordkeeping Agency (CRA) Regulations simplify and strengthen the provisions related to the governance of CRA in line with Companies Act, 2013 and enhanced disclosure of information by CRA, it said. Both amendments were carried out earlier this month and these are in line with the 2023-24 Union Budget announcement to review regulations to reduce the cost of compliance and enhance the ease of doing business. The other notable amendments included implementation of fraud prevention and mitigation policy by CRA to ..

India's Budget announcement on cervical cancer vaccine receives praise

An eminent Indian-American radiation oncologist on Wednesday applauded India's budget announcement for vaccination of girls between nine and 14 against cervical cancer. "The budget's emphasis on preventive programs for cervical cancer is a commendable step towards addressing a critical public health issue in India. The initiative to vaccinate girls aged 9-14 against cervical cancer is particularly praiseworthy, as this disease claims the lives of over 150 women daily in the country," Dr Dattatreyudu Nori told PTI. A recipient of Padma Shri in 2015 for his contributions in the field of medicine, Dr Nori said cervical cancer ranks as the second most common cancer among women in India, with more than 85,000 new cases diagnosed annually and approximately 50,000 deaths reported each year. The incidence of cancer cases is projected to rise from 1.46 million in 2022 to 1.57 million in 2025. This increase is attributed to advancements in cancer diagnostics, improved data capture, and ongoin

India's Interim Budget represents responsible fiscal management: USISPF

Commending Finance Minister Nirmala Sitharaman for her consistency and focus on growth in her interim Budget, a US-based India-centric business advocacy group has said that it represents a welcome statement of responsible fiscal management in an election year. The US-India Strategic and Partnership Forum (USISPF) also commend the government's continued focus on the trinity of infrastructure, inclusive growth, and fiscal prudence in line with growing US-India commercial ties. The interim Budget was presented on February 1 by Sitharaman. As an interim, pre-election budget with no major policy pronouncements, it represents a welcome statement of responsible fiscal management in an election year, the USISPF said in a statement. General elections are expected to be held in India between April and May. According to budget projections, the fiscal deficit for the upcoming financial year (2025) will narrow to 5.1 per cent and GDP growth will remain between 6-7 per cent GDP. On the expendi

LS to discuss Interim Budget; FM Sitharaman to move Finance Bill 2024

Union Finance Minister Nirmala Sitharaman is scheduled to move The Finance Bill, 2024 for its consideration and passage in the Lok Sabha on Tuesday

Need more 'SBI-sized' banks: Nirmala Sitharaman on India's economic push

Experts suggest that given the economic size of India and its acceleration towards being the third largest economy, at least a couple of banks of global size are required to facilitate the growth

At Rs 200K, Centre to provide 67% more to build rural homes in plains

Budget documents also showed that for houses that will be being built in hilly and north-eastern states, the per unit allocation has now been enhanced to Rs 220,000 as against the earlier Rs 130,000

In the Lok Sabha poll year, oil companies get marketing Budget boost

Overall capex in the oil sector up by 18.6 per cent to Rs 1.33 trillion