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Budget 2020
Budget 2020: What is in store for Technology?
Union Finance Minister Nirmala Sitharaman presented the Union Budget 2020 in the Parliament on Saturday, forwarding several policies pertaining to all sectors. During the announcements, she proposed certain policies that will help in boosting the technology sector and extending support to economic growth in India. In a major reform for this sector, the minister said that the
Budget 2020: Centre has retained focus on improving quality of overall spending, says B Prasanna, ICICI Bank
The first Budget of the new decade appropriately focused on holistic growth objectives by resorting to the escape clause permitted by the FRBM act even as the commitment to consolidation remains in place, writes B Prasanna, Group Head – Global Markets, Sales, Trading & Research, ICICI Bank. The budget sets out goals for boosting income
Budget falls short of Real estate sector’s expectations: Shishir Baijal, Chairman & Managing Director, Knight Frank India
With the economy in midst of a sharp slowdown, the Union Budget for FY21 was being awaited with high expectations to act as a growth booster. However, the budget fell short of industry expectations, with no major announcement for accelerating growth, writes Shishir Baijal, Chairman & Managing Director, Knight Frank India. Lowering of income tax rates
Budget 2020: Taxpayers will now have to evaluate what works better, says Archit Gupta, Founder, and CEO, ClearTax
The complex tax regime for taxpayers with the slabs rejig. With the optional new regime, taxpayers will have to evaluate what works better. Those committed to long term saving and investing via 80C may be discouraged and this may likely demotivate taxpayers from tax-saving linked investing, writes Archit Gupta, Founder, and CEO, ClearTax, while commenting
Budget 2020 looks optimist for the Fintech Sector: FlexiLoans.com Co-Founders
The Union Finance Minister Nirmala Sitharaman has presented a holistic budget and it is an extension of ambitious schemes announced by the government for doubling farmers’ income, infra boost, etc. This instils confidence in the industry that the government is serious about its programs and deadlines, writes Ritesh Jain – Co-Founder at FlexiLoans.com, commenting on
Budget 2020 will allow India to create quality skill development, says Manit Parikh, Country Head India, ELSA Corp
For India to have a $5 trillion economy, the youth have a key role to play in enabling this goal. The advantage of the ‘youth dividend’ needs to be channelised and enabled to put the country on the global map, writes Manit Parikh, Country Head India, ELSA Corp (English Language Speech Assistant Corporation). “There is a huge demand
Budget 2020 to catalyse economic growth: Chairman and Managing Director, Muthoot Pappachan Group
Union Finance Minister Nirmala Sitaram is presenting her second Union Budget today and the announcements have included several significant measures pertaining to the agriculture and MSME sector. Explaining the role of this budget with regards to Non-Banking Financial Companies (NBFCs), Thomas John Muthoot, Chairman and Managing Director, Muthoot Pappachan Group shares his views with Elets
Budget 2020: Centre slashes FY20 fiscal deficit target to 3.8 percent
The centre has relaxed the fiscal deficit target for the current financial year 2019-20 to 3.8 percent of Gross Domestic Product (GDP) due to the economic slowdown. Earlier, it had set a budget deficit target at 3.3 percent for FY20. The GDP growth projection is marked slow to an 11-year low of 5 percent during
Budget 2020: Asutosh Mishra, Head of Institutional Equity, Ashika Group decode the announcements
Union Finance Minister Nirmala Sitharam is presenting the Union Budget 2020 in Lok Sabha now and so far she announced a lot of initiatives pertaining to agriculture, health and a lot more. In conversation with Elets News Network (ENN) Asutosh Mishra , Head of Institutional Equity, Ashika explains the positives and negatives so far. “Target
Budget 2020: The insurance industry’s expectations
The insurance industry’s growth and success are directly proportional to the growth of the economy. The industry is also affected as and when there are any changes to a particular sector like auto or ecommerce. There is an overall slowdown in economy with the degrowth in auto sector. This has resulted in slowdown in non-life
Goods and Services Tax-What’s in store for 2020
It is a significant time for everyone as the year comes to a close – not only 2019 is ending, with it ends the decade that has witnessed radical tax reforms under the Indian economy. These reforms established the regime of the biggest indirect tax under the notion of one nation, one market and one
Formalizing access to credit for MSMEs will be a priority in Budget 2020
With 63 million micro, small, and medium businesses contributing close to 30% of India’s GDP – there is no doubt that MSMEs form the backbone of the country’s economy. As per an IFC report on Financing India’s MSMEs, the addressable lending market forMSMEs in India is estimated to be at Rs. 25 lakh crores, and the numbers are only expected
Budget 2020: Address the Economic Slowdown directly, says CMD, Muthoot Pappachan Group
Union Finance Minister Nirmala Sitharam is going to present her second Union Budget on February 1, 2020. Talking about the recession, challenges and opportunities ahead for the financial sector, in particular, Thomas John Muthoot, CMD, Muthoot Pappachan Group says that the 2020 budget should directly address the slowdown which will uplift the market sentiment in terms of private consumption,
Budget 2020: Centre must aim at cash-light economy, says Lyra Network CEO
Digital payments started gaining traction in India around the time of demonetisation in 2016 and have been booming ever since. This has been possible due to India’s strong will to become a cash-lite economy and efforts of multiple stakeholders. The government of India is working for this cause on the front foot and the banks
Budget 2020: Industries expect changes across tax, policies, liquidity and more
Union Finance Minister Nirmala Sitharaman will be presenting her second Union Budget on February 1, leaders from the sectors namely travel, auto, fintech, e-commerce have several expectations pertaining to this mega announcement. In conversation with The Banking & Finance Post, the C-Suite officers talk about the various aspects that should be a part of the budget announcements and
Budget 2020 expectations: Bring liquidity back in the system suggests iFAST Financial India Research Desk
In a tepid macro-economic environment, all eyes are on India’s upcoming budget on February 1, 2020. The iFAST Financial India Research Desk (iFAST Research) believes that the following aspects will assume importance: Banking The possibility of recapitalizing public banks is bleak since there is very little room for fresh capital infusion. There may be some clarity on
Budget Expectations 2020: Industry leaders unravel the future of Startups and Technology
As the Union Finance Minister Nirmala Sitharaman is about to present the Union Budget on February 1, leaders from the technology-based firms give their opinion on how the budget is going to shape the future of technology and the start-ups in India. They talk about various aspects that should be a part of the budget announcements and
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NBFCs
Not planning any liquidity facility for NBFCs: Deputy Governor RBI
The Reserve Bank of India (RBI) has denied planning any special liquidity facility for Non Banking Financial Companies (NBFCs) citing the absence of system...
Sachin Bansal acquires Chaitanya Rural, becomes CEO
Flipkart’s co-founder Sachin Bansal has acquired majority stake in Bengaluru-based microfinance company Chaitanya Rural Intermediation Development Services (CRIDS). With this, he entered the world...
Digital Payments
PhonePe assigns Rs 800 crore in marketing this year
Digital payments firm PhonePe has announced that it has earmarked Rs 800 crore for marketing this year, in a bid to create awareness pertaining...
Hemant Taware joins Innoviti as Chief Business Officer
Payment solutions provider, Innoviti Payment Solutions has named Hemant Taware as its new Chief Business Officer. Taware holds over 25 years of diverse expertise...
Jobs
RBI Recruitment 2020 for Medical Consultants: Details Inside
The Reserve Bank of India has notified an advertisement for the recruitment of Medical Consultants...
Rajasthan Cooperative Bank Result 2020: Download Merit List here
Rajasthan Cooperative Bank Result 2020: Cooperative Recruitment Board, Rajasthan has announced results of the RSCB...
IBPS SO main result 2020 announced: Details inside
Institute of Banking and Personnel Selection (IBPS) has announced the specialist officer (SO) main exam...
