Besides Jewar, UP budget focuses on new airport in Ayodhya

The ₹5 lakh crore budget of the Uttar Pradesh government, presented on Tuesday, made special allocations for Ayodhya, including ₹500 crore for the construction of a new airport in the pilgrim town. Besides, the government has also earmarked ₹2,000 crore for the Jewar airport.

Budget shifts focus to healthcare, LPG; nothing new for farmers

Narendra Modi government’s flagship schemes were marked by chequered performances despite the grand announcements and ma...

Budget promotes wealth creation but gives no tax incentives for savings

This budget promotes a culture of consumption and divestment in PSUs without incentive towards investments and savings which is the building block of wealth creation in the country.

Global income of NRIs not to be taxed: FM’s clarification after budget

The government doesn’t intend to tax the global income of Non-Resident Indians (NRIs) and only the income generated in India will be taxed, Finance Minister Nirmala Sitharaman clarified on Sunday, a day after the Budget announcement raised confusion over the tax liabilities of NRIs.

Govt hikes allocation for Fund of Funds, Make in India prog in FY21 Budget

In order to promote the growth of startups and entrepreneurs in India, the government has increased significantly the allocation for Fund of Funds to ₹1,054.97 crore as well as for the Make in India kitty in the Budget 2020-21.

Southern states cry foul as finance panel recommends fund cut

The 15th Finance Commission on Saturday recommended a marginal reduction in the devolution of funds from the Centre to State (allocation in the divisible pool of central taxes) by a percentage point.

SCs and STs get half of what is due to them in budget 2020

It is common for Scheduled Castes (SC) and Scheduled Tribes (ST) to receive less than their due share in resources that are allocated each year through the union and state budgets. 

Budget 2020: Defence upgrade gets 3% hike, but pensions see 13% jump

The plans for modernisation of defence forces and procurement of arms and weapons could suffer a great deal with the def...

FM’s budget gamble to bet big amid low gains leaves little to add up

Finance Minister Nirmala Sitharaman's budget, coming amid a slowdown that is seen to be worst in 11 years, chose small incremental changes across a whole gamut of sectors over a single big-bang reform agenda.
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