LA MAYOR GARCETTI: FISCAL BUDGET 2020-21 IS A DOCUMENT OF PAIN

Highlights:

• The fiscal budget presented by LA Mayor suggests cuts and furloughs
• The essential services like the police are not considered for the cuts

As America tries to restore normal, Los Angeles Mayor Eric Garcetti announced the fiscal budget for...

JAPAN PLANS AHEAD TO WORK ON SIXTH GENERATION MITSUBISHI F-3 FIGHTER

Highlights:

• Following years of hesitation, Japan’s Mid-Term Defense review had finally announced that Tokyo had decided to press ahead with development of its domestic, independently designed sixth-generation Mitsubishi F-3 air-superiority stealth fighter ...

JAPAN PROPOSES RECORD HIGH DEFENSE BUDGET FOR FISCAL 2020

Highlights:

• Japan is heavily focusing on improving its fighter program, majority of the developmental work is to be undertaken domestically as per the government demands.
• A major reason for the improvement in the fighter development program may be bec...

Singapore to Push for Electric Vehicles in the 2020 Budget:

Singapore: Heng Swee Keat, The Deputy Prime Minister of Singapore, in his 2020 budget speech has announced that the country plans to phase out all the vehicles running on fossil fuels [internal combustion engine] by 2040. He has in his speech also outlined a slew of measures aimed at promoting th...

THE UNION BUDGET 2020-21: HITS THAT WILL COUNT

Highlights

• It makes room for short, middle and long term developments
• Aims a boosting people’s incomes and enhancing their purchasing power
• Wants to encourage businesses to be “innovative, healthy and solvent with use of techno...

TECHNICAL TEXTILES INDUSTRY ENCOURAGED BY BUDGET 2020

Highlights:

• Budget 2020 was presented on 1st February by Nirmala Sitharaman, Union Finance Minister
• National Technical Textile Mission announced

The Union Budget Session 2020-21 was conducted on 1st February. The budget was presented...

BOOST IN BS-VI ENGINES AND ELECTRIC VEHICLES: UNION BUDGET 2020

Highlights:

• Union budget 2020 promotes Make in India initiative, thus custom duty on BS-VI engine parts that were initially imported are increased.
• India will focus on domestically produced EVs through phase II of the Faster Adoption and Manufacturing...

2020 BUDGET PROPOSAL PROVIDES BIG OPPORTUNITIES FOR TECH COMPANIES

Highlights:

• The 2020 Budget Year saw a potential budget proposal to use technology which could usher in changes in administration across several sectors and deliver citizen services.
• This is expected to tremendously benefit Indian IT companies and hel...

UNION BUDGET 2020: A FEW LOOKED FOR HIGHLIGHTS

Highlights

• Tax Slab deduction sees a trifle of a change
• Tax benefits for individuals as well as companies

In her opening address before presenting the Union budget 2020, Nirmala Sitharaman set the tone straight by stating that the p...

INDIA’S 2020 BUDGET SERVES AS HUGE BOOST TO TOURISM

Highlights:

• On Saturday, the Union Budget 2020 was presented by Nirmala Sitharaman, the Finance Minister of India.
• In her proposal of the Budget 2020, she announced the development of on-site museums at five archaeological sites around the country.

Indian Budget 2020 - 21, few key points

Highlights

• The capital expenditure for the For FY21 has been increased to more than Rs 4 lakh crore.
   
• Govt proposes 10% and 15% tax for income between Rs 5 - 7.5 lakh and Rs 7.5 - 10 lakh per annum respectively.
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UNION BUDGET 2020 WILL BE A CHALLENGING TASK

Highlights

• In December, India’s CPI grew at 7.35%
• In 2019-20, the CSO expects nominal GDP growth to fall to 7.5%

The presentation of upcoming union budget will coincide with the time when inflation growth is the highest in fiv...

INDIAN ECONOMY: AHEAD OF BUDGET 2020

India was the world's fastest-growing major economy. However, it was only until 2018. In the July – September quarter, its Gross Domestic Product (GDP) expanded at a more than six-year low pace. In the past 11 years, it is the weakest pace of annual growth that it has observed. 

India Inc. wait for Budget 2020

The first advance estimates confirm that the GDP growth will hit a decade low of 5% for FY20. It was released by the government on Tuesday. Reports suggest that the investment rate is crashed to 1% while manufacturing growth is at 2% for the fiscal.

However, from time to time the govern...