List of Union Budget Articles

Budget documents are not just numbers. Scrutinising them, one can understand the intention of the government, its priorities, policies and allocation of financial resources, among different regions & industries—which create a sea change in the lives of the people affected by it, Rajkumar Adukia stresses

The hospitality industry was among the industries most severely hit by Covid lockdowns. The industry expects more incentives from the Interim Budget. One of its key expectations is that GST rates on hotel rooms should be lowered. Currently, GST rate on hotel rooms is 12% for rooms priced below Rs 7,500. For rooms that are priced above Rs 7,500 per night, the GST rate is […]

In order to give a boost to manufacturing, in 2019, the Government announced 15% corporate tax rate for new manufacturing companies that are set up before 31

Finance Minister presents the annual Union Budget in the Parliament generally on the last working day of February. The Budget is the most extensive account of the Government finances, in which revenues from all sources and expenses of all activities undertaken are aggregated.

One of the few sectors for which government announced incentives in the Interim Budget is the seafood exports sector.

Interim Budget 2024 was as per expectations. The Government did not announce any major changes. Both direct and indirect tax rates were kept unchanged; same for corporate tax rate. Revised fiscal deficit estimate for FY 24 was announced at 5.8% of GDP. For FY 25, the fiscal deficit target has been set at 5.1% of GDP. The Finance Minister once again reiterated the government’s commitment […]

The real estate sector saw some slowdown in demand for affordable and middle income housing segments in the past 2 years. This happened because of successive increases in interest rates by RBI. These increases increased the cost of borrowing for home loan borrowers. The sector now expects the interim budget to provide some incentives to give a boost to demand for affordable and middle income […]

The Union Budget presented for 2017-18 was path-breaking in many ways. With it, the day of the budget presentation was shifted from the end of February to the first day of February.

A special provision is, therefore, made for "Vote on Account" by which Government obtains the Vote of Parliament for a sum sufficient to incur expenditure on various items for a part of the year.

Budget documents are not just numbers. Scrutinising them, one can understand the intention of the government, its priorities, policies and allocation of financial resources, among different regions & industries—which create a sea change in the lives of the people affected by it, Rajkumar Adukia stresses

GDP = Private Consumption + Private Investment + Government Expenditure + Net Exports. The Budget can have policy measures that can impact each of the above measures. One of the focus areas of the Interim Budget can be how to give a boost to private consumption. Private consumption, especially in rural India, remains subdued Private consumption in the Indian economy has picked up in recent […]