Tag Archives: union budget

Budget may offer new direct tax dispute resolution framework

New Delhi: The upcoming budget could unveil a new and continuous framework for faster resolution of disputes over direct taxes. The government is considering options such as mediation or a permanent dispute resolution system with pre-specified benchmarks on the lines … Continue reading

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ET Explains: Why the Rs 40,000 crore tax sop may not bring relief to a groaning economy

Finance minister Nirmala Sitharaman delivered the much talked about cut in personal income tax in her second Budget that was presented in the backdrop of FY20 growth likely slowing to an 11-year low of 5 per cent. The clamour for … Continue reading

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India’s tax revenues likely to beat forecast on strong recovery – officials

India’s government expects tax revenues for the current financial year to be 10% above budget, beating forecasts for the first time in four years, two officials said, as the economy powers back towards pre-pandemic levels. Tax revenues, budgeted at 15.45 … Continue reading

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Govt to amend Apprenticeship Act to enhance opportunities for youth: Sitharaman

New Delhi: To enhance opportunities for youth, the government on Monday proposed to amend the Apprenticeship Act and realign the National Apprenticeship Training Scheme for post-education apprenticeship, training of graduates and diploma holders in engineering. Presenting the Budget for 2021-22 … Continue reading

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Budget 2014: Impact on advertising industry

In the union budget, Finance Minister Arun Jaitely announced the re-imposition of service tax on online advertising. The announcement has not gone very well with the industry though experts say that the tax will get absorbed in the overall scheme … Continue reading

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‘Pandemic an eye-opener to increase allocation for health sector’

Hyderabad: The Covid-19 pandemic should serve as an eye-opener for the government to increase allocation for the health sector in the Union Budget 2020-21, feel representatives from the sector. Pointing out that the pandemic exposed the “shortcomings” in the India … Continue reading

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Budget 2021: Enact measures that encourage citizens to purchase medical insurance

In the face of Covid-recovery and next week’s budget announcement, the 15th Finance Commission’s recommendation to increase India’s combined public health expenditure to 2.5% of GDP by 2023-24 from the current 0.95% is encouraging. The economy is showing signs of … Continue reading

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Budget 2013: Proposals not encouraging for biotech sector, says expert

BHUBANESWAR: Dr. PM Murali, President, Association of Biotechnology Led Enterprises (ABLE) says the Union Budget for 2013-14 is not encouraging for the biotech sector as proposed by ABLE on behalf of the industry. Although some measures are announced, overall impression … Continue reading

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Union budget opens floodgates for Chinese stainless-steel companies: ISSDA

Mumbai: The finance minister’s recent move to revoke anti-dumping & countervailing duty on steel and stainless steel imports during the union budget presentation may result in a jump in imports from China and Indonesia which is expected to have a … Continue reading

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Stainless steel MSMEs will be on the verge of bankruptcy due to excessive import dumping from China, Indon

Indian Stainless Steel Development Association (ISSDA) has urged the government to reconsider the temporary revocation of import duties on stainless steel, as announced in this year’s Union Budget, as it will distort the domestic market by flooding it with subsidized … Continue reading

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