Union Budget 2021: Govt sets divestment target of Rs 1.75 tn, after big misses in recent years
A sharp jump in capital expenditure points to a preference to solidify medium-term growth boost while also entailing larger multiplier benefits for the economy
Union Budget 2021: FM gives major focus to infra, health; to boost economy through multiplier effect
While the high fiscal deficit would not be credit positive for international credit agencies, in the current environment, it would have been impossible to push the growth without fiscal destabilization in the short to medium term
Union Budget 2021: Nirmala Sitharaman provides relief to almost all; home buyers, pensioners, employees, among others
Be it entrepreneurs or MSMEs and tax payers, everyone has been given a cushion
Union Budget 2021: Slashed funds for NREGA, Poshan Abhiyan 2.0, elderly pensions reflect poorly on Centre
The biggest hoodwink is the starved Poshan Abhiyan 2.0, which though merges the Supplementary Nutrition Programme and the Poshan Abhiyan, has been allocated an amount less than what was prescribed for Anganwadi services in 2020
80% of India's informal workers lost jobs during COVID lockdown, 63% survived on two meals a day, shows data
Government needs to take action regarding job security, social security benefits, food security, health benefits, and safety in the informal sector in such a way that it not only manages the current crisis, but also immunises the sector from future shocks
Union Budget 2021: Govt's great land sales idea needs a process-oriented transparent approach
It is important that money coming from land sales be allocated towards specific infrastructure projects, preferably in the very state where land is being sold.
Union Budget 2021: PLI scheme for 13 manufacturing sectors will includue firms in global supply chains
Most of the key announcements from the Budget are in line with the central theme of ‘Aspirational India, Economic Development, A Caring Society’.
Union Budget 2021: Social security for gig workers will nurture risk appetite in workers, say experts
The gig economy is a free market system in which temporary positions are common and organisations hire independent workers for short-term commitments
Union Budget 2021: Centre to provide Rs 35,000 crore for COVID-19 vaccination in 2021-2022
The Budget outlay for health and well-being is Rs 2.23 lakh crore in 2021-22, as against the Budget Estimate (BE) of Rs 94,452 crore
Union Budget 2021: Bharat Biotech, Serum Institute of India laud higher allocation for healthcare sector
SII CEO Adar Poonawalla said that globally, spending on healthcare infrastructure and vaccines has given countries and their economies the best chance at fighting COVID-19
Union Budget 2021: Economists say problems of inequitable growth not addressed
Brokerage company Nomura's India head Prabhat Awasthi said that the Budget was not populist because there is "no major attempt to redistribute incomes by increasing taxes on high income groups"
Nirmala Sitharaman Interview with Network18 Updates: Consumer 'not burdened' by agri-infra cess, says FM
Nirmala Sitharaman Interview with Network18 Updates: Addressing the concerns on the cess imposed, Sitharaman added that in case of cess imposed on petrol and diesel, "we have applied it on the additional excise duty which is purely central government's money"
Union Budget 2021: Air India disinvestment to be completed in 2021-22; aviation ministry allotted Rs 3,224 cr
Sitharaman's announcement on completing Air India's disinvestment in 2021-22 is significant as the Modi government's first attempt in 2018 to sell 76 percent stake in the national carrier was unsuccessful
Union Budget 2021: Banking, health, infra sectors welcome announcements; hospitality, tourism regret lack of immediate support
Hospitality and Tourism roughly account for 10 percent of India's GDP and employ nearly 9 percent of India's working population and yet, it failed to find space in the Union Budget, FHRAI vice-president Gurbaxish Singh Kohli said
Budget 2021: Blueprint for economic recovery; will make India attractive for investments
The government played it safe by not making any announcements with respect to the inclusion of petroleum products under GST
Union Budget 2021: Women and Child Development Ministry's budget hiked by 16% to Rs 24,435 crore
Out of Rs 24,435 crore, the highest amount has been allocated to the newly announced Saksham Anganwadi and Mission Poshan 2.0 scheme with Rs 20,105 crore
Union Budget 2021: BJP leaders hail 'forward-looking' announcements; 'visionless document', says Opposition
Financial experts and industry leaders broadly welcomed the Budget, taking particular note of announcements on road development, taxation and health
Union Budget 2021: Fiscal deficit estimated at 9.5% of GDP for this year, 6.8% for 2021-22
The lockdown to check the spread of the coronavirus adversely impacted the economic activities resulting in a contraction in the economy by an estimated 7.7 percent
Union Budget 2021: Nirmala Sitharaman to present Budget in Parliament today; when and where to watch
Sitharaman has said that the Budget 2021-22 is likely to see a massive public sector investment and expenditure push
Union Budget 2021: Facilitation of collateral-free capital, ease of compliances key for economy
The pandemic has impacted all sectors and most of them are now limping back to normalcy