 | Increase in capital outlay of Defence amid pandemic is huge step, says IAF ChiefThis statement comes after defence forces received an overall hike of around 7.4 per cent over last year as Rs 3.62 lakh crore were provided to them excluding pensions amid the China military standoff |
 | India dismisses USTR’s claims on digital tax on foreign e-com companiesThe government had clarified that the ‘digital tax’ or equalisation levy would also apply to global net-based companies even if they do not own the goods or provide the services on their platforms. |
 | NRIs in as one-person firm rules get amended under Companies RulesThe changes, announced by finance minister Nirmala Sitharaman during her budget speech on Monday, will come into effect from April 1, according to the notifications. |
 | India's budget shot in the arm for economy, fiscal consolidation takes a back seat: S&PStating that fiscal consolidation has taken a back seat in the Budget, S&P said aggressive provisioning to help heal the economy will be costly. |
 | 27 bills passed earlier to be presented in Lok Sabha todayToday's Lok Sabha session will also see various Standard Committee reports on Coal and Steel, Home Affairs, Health and Family Welfare, among others being presented. |
 | India's near-term fiscal deficit target higher than expected: FitchIn the Budget for 2021-22, Sitharaman unveiled a massive spending plan, which would be met partly from enhanced borrowings, to pull the economy out of the trough. |
 | Budget 2021: Ignored Telangana suffers double whammyTelangana received two major jolts on Monday. |
| Budget 2021: Few hits, many misses for IT sector, startupsThe expectations of more policy related clarity on companies working out of Special Economic Zones, tax rebates, employee related measures were found amiss. |
 | Budget woes: Customs duty hike may make ACs costlier, says industryFinance Minister Nirmala Sitharaman has proposed an increase in customs duty on items that included mobile phone parts and compressors. |
 | Budget 2021: Modi government eyes Rs 1.75 lakh crore from disinvestmentThe government has already invited the Expression of Interest for Air India, BPCL and Shipping Corporation of India, while it hopes to complete disinvestment of IDBI Bank, Neelanchal Ispat Nigam etc. |
 | Budget 2021: Banks to be recapitalised with Rs 20,000 croresThe government also decided to set up asset reconstruction company and an asset management company to manage bad debt for scheduled banks, which are expected to reach record levels this year. |
 | Budget 2021: FDI in insurance won’t limit Indian management controlThe finance minister said that a majority of the directors in the board of these insurance companies will have to be resident Indians. |
 | Budget 2021: 137 per cent hike for healthcare, but experts say read fine printThe budget proposals for 2021-2022 rest on six pillars, said Sitharaman, naming health and well-being ahead of five others. |
 | Union Budget: Big spends on Infrastructure & Healthcare, bold reforms to catalyse growthThe government must focus on implementing the disinvestment and privatisation programme to generate revenues. |
 | Growth-focused and pragmatic decisions to meet key needsBig investments in infrastructure, healthcare and manufacturing have been funded through the increase in the fiscal deficit. |
 | Bold, ambitious budget for a resurgent IndiaThe ambitious reform measures of Budget 2021 couldn’t have come at a more opportune moment. |
 | Push for growth through infra spends but high deficit looms largeCorporates and income earners in the higher brackets were bracing themselves for increased taxation. |
 | Budget for 'Aatmanirbhar Bharat', will strengthen economy: Rajnath SinghRuling party leaders lauded the budget for its focus on a number of measures, including capital expenditure, tax exemption for senior citizens and incentives for start-ups among others. |
 | Record Rs 1.10 lakh cr for Railways in Budget: SitharamanSitharaman also applauded the services provided by the Railways to transport essential goods across the country during the coronavirus lockdown. |
 | Time limit for reopening of I-T assessment halved to 3 yrs, serious fraud cases retained at 10 yrsIn her Budget speech for 2021-22, Sitharaman also announced that senior citizens above 75 years of age having only pension and interest income would not be required to file income tax returns. |
