Budget

Union Budget 2023-24

India's finance ministry to encourage bankers to take bold lending decisions.

Relax fiscal deficit curbs to tackle economic slowdown, state FMs tell Sitharaman

Policy Circle Bureau — December 19, 2019 comments off
State governments led by Kerala, Bihar push for 4% deficit target, more funds to infrastructure. Read more »
FM Nirmala Sitharaman chaired the GST Council meeting attended by state finance ministers.

GST Council votes for the first time to levy 28% tax on all lotteries

Policy Circle Bureau — December 18, 2019 comments off
Deadline for filing annual return and reconciliation statement for 2017-18 extended to January 31. Read more »
FM Nirmala Sitharaman may agree with states on GST rate hike.

GST update: Centre, states may agree to raise rates, rejig slabs

Policy Circle Bureau — December 11, 2019 comments off
The GST Council meet on December 18 to take call on hikes amid a huge shortfall in revenue collections. Read more »
Finance Minister Nirmala Sitharaman chaired the GST Council meet

Income tax rates: FM Nirmala Sitharaman hints at cuts, but there is hardly any room

Anil Nair — December 9, 2019 comments off
The fiscal deficit overshot the annual target set by Nirmala Sitharaman in her maiden Union Budget in just seven months. Read more »
RBI Repo Rate

Do your bit to boost GDP growth, RBI signals to govt, industry

Aruna Sharma — December 7, 2019 comments off
RBI did the right thing in pressing the pause button on rate cuts; economy need concerted efforts from policy makers, banks and businesses Read more »
sticky inflation

OECD bullish on India, pegs GDP growth at 5.8% in 2019

Policy Circle Bureau — December 6, 2019 comments off
The OECD growth estimate of 5.8% for the calendar year 2019 is more optimistic than the RBI prediction. Read more »