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
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
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"
This is no 1991, but Sitharaman's budget should boost growth, create jobs and stimulate a COVID-hit economy
The best part of Union Budget 2021, however, is that Nirmala Sitharaman resisted the temptation to slap more cess, surcharges on the taxpaying citizens and refrained from imposing a ‘wealth tax’ to raise revenue.
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
The government played it safe by not making any announcements with respect to the inclusion of petroleum products under GST
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
Budget 2021 Updates: Nirmala Sitharaman claims govt delivered on healthcare, infra; 'let down like never before,' says Chidambaram
Budget 2021: Taking a swipe at the BJP government for what he dubbed a deceptive budget, former finance minister and Congress leader P Chidambaram said that the government has failed on 9 out of 10 most important pointers on economy.
From a consumer and healthcare perspective, Union Budget 2021 has a lot of positives. On the healthcare side, COVID-19 pandemic had brought to light India's underspend in healthcare. Budget 2021 has done well by allocating over Rs 2 trillion holistically towards the health sector, a handsome increase of 137 percent.
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
Full text: FM Nirmala Sitharaman unveils Union Budget 2021; doubles healthcare spending, lifts caps on FDI
Finance Minister Nirmala Sitharaman on Monday delivered her third Budget speech in the Parliament. Here's the full text of her speech in Lok Sabha
Budget 2021 Highlights: Fiscal deficit pegged at 6.8% of GDP for FY22; FM proposes Rs 64,180 cr for Atma Nirbhar health programme
The finance minister provided a major boost to healthcare and infrastructure in Union Budget 2021. However, there was no change in Income Tax slabs this year
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