Budget 2021

Increase in capital outlay of Defence amid pandemic is huge step, says IAF Chief

This 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

published on : 4th February 2021

India dismisses USTR’s claims on digital tax on foreign e-com companies

The 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.

published on : 4th February 2021

NRIs in as one-person firm rules get amended under Companies Rules

The changes, announced by finance minister Nirmala Sitharaman during her budget speech on Monday, will come into effect from April 1, according to the notifications.

published on : 4th February 2021

India's budget shot in the arm for economy, fiscal consolidation takes a back seat: S&P

Stating that fiscal consolidation has taken a back seat in the Budget, S&P said aggressive provisioning to help heal the economy will be costly.

published on : 2nd February 2021

27 bills passed earlier to be presented in Lok Sabha today

Today'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.

published on : 2nd February 2021

India's near-term fiscal deficit target higher than expected: Fitch

In 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.

published on : 2nd February 2021

Budget 2021: Ignored Telangana suffers double whammy

 Telangana received two major jolts on Monday.

published on : 2nd February 2021

Budget 2021: Few hits, many misses for IT sector, startups

The expectations of more policy related clarity on companies working out of Special Economic Zones, tax rebates, employee related measures were found amiss. 

published on : 2nd February 2021

Budget woes: Customs duty hike may make ACs costlier, says industry

Finance Minister Nirmala Sitharaman has proposed an increase in customs duty on items that included mobile phone parts and compressors.

published on : 2nd February 2021

Budget 2021: Modi government eyes Rs 1.75 lakh crore from disinvestment

The 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.

published on : 2nd February 2021

Budget 2021: Banks to be recapitalised with Rs 20,000 crores

The 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.

published on : 2nd February 2021

Budget 2021: FDI in insurance won’t limit Indian management control

The finance minister said that a majority of the directors in the board of these insurance companies will have to be resident Indians.

published on : 2nd February 2021

Budget 2021: 137 per cent hike for healthcare, but experts say read fine print

The budget proposals for 2021-2022 rest on six pillars, said Sitharaman, naming health and well-being ahead of five others.

published on : 2nd February 2021

Union Budget: Big spends on Infrastructure & Healthcare, bold reforms to catalyse growth

The government must focus on implementing the disinvestment and privatisation programme to generate revenues.

published on : 2nd February 2021

Growth-focused and pragmatic decisions to meet key needs

Big investments in infrastructure, healthcare and manufacturing have been funded through the increase in the fiscal deficit.

published on : 2nd February 2021

Bold, ambitious budget for a resurgent India

The ambitious reform measures of Budget 2021 couldn’t have come at a more opportune moment.

published on : 2nd February 2021

Push for growth through infra spends but high deficit looms large 

Corporates and income earners in the higher brackets were bracing themselves for increased taxation.

published on : 2nd February 2021

Budget for 'Aatmanirbhar Bharat', will strengthen economy: Rajnath Singh

Ruling 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.

published on : 1st February 2021

Record Rs 1.10 lakh cr for Railways in Budget: Sitharaman

Sitharaman also applauded the services provided by the Railways to transport essential goods across the country during the coronavirus lockdown.

published on : 1st February 2021

Time limit for reopening of I-T assessment halved to 3 yrs, serious fraud cases retained at 10 yrs

In 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.

published on : 1st February 2021
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