Budget 2020

Finance Minister Nirmala Sitharaman
Photo: Pradeep Gaur/Mint
Photo: Pradeep Gaur/Mint

Opinion | A framework for how a fiscal response should be crafted

Weigh the fiscal boost needed to get growth back to potential against its impact on bond markets and what the law allows

Photo: iStock
Photo: iStock

Opinion | Budget request: Stop crushing the already taxed

Less than 3% Indians actually pay income tax and two-fifths of the returns filed show zero tax payable

The rupee opened weak at 70.49 a dollar against its previous close of 70.46. Photo: Mint
The rupee opened weak at 70.49 a dollar against its previous close of 70.46. Photo: Mint

Union Budget likely to raise spending to revive economic growth

Modi's government is expected to raise spending on infrastructure and cut some personal tax in its 2020/2021 budget, to spur consumer demand and investment

In India, since last year, the NBFC sector has been under severe stress driven by problems in real estate loans, economic slowdown which led to defaults.
In India, since last year, the NBFC sector has been under severe stress driven by problems in real estate loans, economic slowdown which led to defaults.

Govt considers US-like relief measures for NBFCs

  • The US government had initiated the TARP at the height of the Wall Street financial crisis of 2008
  • The US government had created a special fund to stabilize the financial system and restore economic growth

This will be a major policy intervention as currently the LTCG for equity is at 1 year, 2 years for property and 3 years for gold.
This will be a major policy intervention as currently the LTCG for equity is at 1 year, 2 years for property and 3 years for gold.

Income tax rules on gains from gold, property sale, stocks likely to change

  • Budget 2020: The govt is likely to stipulate a uniform framework for equity, property and gold-for computation of capital gains
  • The government is likely to extend the timeline of long term capital gains on shares to 24 months

Modi and his Finance Minister Nirmala Sitharaman have separately held meetings with dozens of economists to hear views on measures needed to solve the growth slowdown puzzle.
Modi and his Finance Minister Nirmala Sitharaman have separately held meetings with dozens of economists to hear views on measures needed to solve the growth slowdown puzzle.

Budget 2020: The top 5 officials working behind the scenes on Modi govt’s budget

  • Nirmala Sitharaman will deliver her budget speech on February 1
  • Here’s a look at five key people in the govt who are working behind the scenes to draw up the income-and-spending plan

Photo: HT
Photo: HT

1995-96: Pre-poll budget

The general election which followed the budget led to the defeat of the Congress govt, even though economic growth had accelerated post structural reforms unleashed in 1991

Photo: Aniruddha Chowdhury/Mint
Photo: Aniruddha Chowdhury/Mint
Photo: Aniruddha Chowdhury/Mint

Opinion | The fastest way to a $5 trillion economy is through exports

State govts need to be brought to the forefront of India’s export growth strategy by the Centre

Photo: iStock
Photo: Reuters
The SIAM has sent this and other recommendations to the government for the upcoming Budget 2020-21 (Photo: Mint)
The SIAM has sent this and other recommendations to the government for the upcoming Budget 2020-21 (Photo: Mint)

Auto sector seeks incentive-based scrappage scheme in Budget

  • SIAM recommended that incentive be given in the form of 50% reduction in GST and 50% reduction in road tax and registration charges
  • SIAM has called for a reduction in GST rate on vehicles to 18% from the current 28%

A file photo of R.K. Singh, Union power minister
A file photo of R.K. Singh, Union power minister

UDAY not a failure, new scheme likely in Union Budget, says RK Singh

  • RK Singh indicated that unlike earlier practice of having multiple schemes, the govt would channelise all efforts through one scheme
  • Targeting to cut discom losses to below 15%, the minister said power would be sold on strong financial mechanism and the states would decide on their own subsidies

Deduction under Section 80C has remained unchanged for past six years
Finance Minister Nirmala Sitharaman will present her second Budget on February 1. (iStock)
Finance Minister Nirmala Sitharaman will present her second Budget on February 1. (iStock)

Budget 2020: Three key tax reforms that markets expect

  • Despite the downturn in the economy, markets have been scaling new peaks in the last few months on the back of various revival measures announced by the government
  • Investors expect finance minister Nirmala Sitharaman to announce further stimuli to turn around the economy

Union finance minister Nirmala Sitharaman will present the Budget on February 1.
Nirmala Sitharaman presents the budget at a time when growth has slipped to 4.5%. (MINT_PRINT)
Finance Minister Nirmala Sitharaman has started a new tradition of bringing budget papers in a traditional bahi-khata form. (Mint)
Finance Minister Nirmala Sitharaman has started a new tradition of bringing budget papers in a traditional bahi-khata form. (Mint)

Income tax changes made during 6 years of Modi government

  • Finance Minister Nirmala Sitharaman is widely expected to cut income tax rates in Budget 2020
  • Here is a look at how successive budgets presented by the Modi government have reduced your income tax burden

Manoharmal Bhandari, 69, Retired businessman and treasurer (Photo: Raj Sam/Mint)