One of the key points to understand is what impact the Union Budget has on key industry groups? In most budgets the focus has been on the tariff structures in terms of excise duties and customs duties. With the shift towards GST, the focus may be more on rates of GST and not so much …
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 …
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 …
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 …
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 …
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 …
Indian Railways expects the money for the upcoming financial year to expand Vande Bharat train sets, invent new wagons, including one particularly designed to transport lightweight merchandise from small firms, and promote innovative technologies like Hyperloop. There might be a general announcement on the airline’s efforts to minimize its carbon footprint as part of its …
The Union Budget 2022 was a much-anticipated event: after two long years, we were likely seeing the light at the end of the pandemic tunnel; growth had returned with a vengeance in recent quarters; PLI schemes had provided a significant boost to several sectors, particularly manufacturing; and capital markets were reflecting the economy’s positive sentiment …
On Tuesday, Feb 1, 2022, Honourable Finance Minister Nirmala Sitharaman announced various proposals in the Fiscal Budget 2022-23. India is the third-largest emerging economy from the Asian pack of countries. Keeping that in mind, the FM conveyed that the budget has been drafted to prepare the nation by laying a solid foundation for economic growth. …
The Indian Railways will get a capital expenditure boost of Rs 2.45 lakh crore in the financial year 2022-23, which is 14% more than the current financial year’s scheduled capital expenditure of Rs 2.15 lakh crore. The funding will be used to construct railway lines, wagons, and trains, as well as electrification, signaling, and station …
