Budget - Angel One

On February 1, Finance Minister Nirmala Sitharaman will introduce the Union Budget 2022. The Budget is likely to have a supporting and enabling role in the ongoing third wave of the pandemic. Last year, the majority of Dalal Street’s sectors managed to provide investors with a respectable quantity of solid returns. Experts are positive on …

India’s biggest lender, i.e. State Bank of India, has provided an estimation of a 6.3% reduction in this country’s budget deficit in the upcoming financial year. Soumya Kanti Ghosh, an economist of SBI, predicts a gradual consolidation of this fiscal deficit to complement the slow recovery of India’s economy. He assumes that expenditure will grow …

The Finance Budget of 2022 is expected to go live on February 1, 2022. While the D-street is looking forward to the budget session, it is going to be quite a task for the Finance Ministry as the goal of becoming a $5-trillion economy by 2025 presents several challenges. With the risk on Covid-19 cases …

Introduction Most of us function on a limited amount of funds in any given period. Those working as employees and salary workers are likely to only have a certain amount of income they receive every month, which they have to spread out to cater to all their needs, while simultaneously making some savings and investments …

Budgets are essential. Let’s assume you have a fixed take-home salary a month. Using the amount at your disposal how can you ensure you cover your cost of housing, health care, food, insurance, debt repayment, and leisure, without running out of money. This is a lot to cover for such a limited amount, and the …

The FY2021-22 Union Budget announcement started on a positive note with Finance Minister, Ms. Nirmala Sitharaman quoting Rabindranath Tagore: “Faith is the bird that feels the light when dawn is still dark.” With 2020 being a disastrous year owing to the global pandemic, there were signs of recovery with tax buoyancy over the last few …

The much-awaited Budget2021 has gone big on spending in a bid to boost economic revival and growth. But what does it mean for one’s personal finances? Any talk of personal finances needs to focus on three broad areas: investments, taxation and consumption (buying/spending). Investments Bank deposits: If you are worried that your bank deposits may …

Direct and indirect tax expectations from an invariable aspect of the run-up to every Budget. Budget 2021 was more significant in the wake of the coronavirus pandemic and the contraction of the economy over the past year. On the direct taxation front, income tax plays a key role for the common citizen. In a significant …

The Finance Minister, Nirmala Sitharaman, presented her third budget in the parliament on February 01, 2021. Budget 2021 was completely paperless, with the Finance Minister using a ‘Made in India’ tablet instead to present the budget. Throughout the presentation, it was abundantly clear that the government would go on a spending spree to revive the …

When the last year’s budget was presented on February 1, 2020, the Finance Minister had no idea that 2020 was going to be one of the toughest years for the entire world! Last year, the Finance Minister’s big budget ideas were themed “Aspirational India, Economic development, A Caring Society”.  But what happened to these ideas?  …