Infrastructure Sector-2021

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Infrastructure Sector-2021 - Total results - 12
Will allow private sector to set up DFIs too, Nirmala Sitharaman tells News18, hours after Budget speech
Business

Will allow private sector to set up DFIs too, Nirmala Sitharaman tells News18, hours after Budget speech

Typically, DFIs don't accept public deposits and they generally raise capital by borrowing funds from the government and selling their bonds to the general public

This is no 1991, but Sitharaman's budget should boost growth, create jobs and stimulate a COVID-hit economy
Business

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: Banking, health, infra sectors welcome announcements; hospitality, tourism regret lack of immediate support
Business

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

Union Budget 2021: Nirmala Sitharaman aims to raise resources without raising taxes; a bold step
Business

Union Budget 2021: Nirmala Sitharaman aims to raise resources without raising taxes; a bold step

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.

Full text: FM Nirmala Sitharaman unveils Union Budget 2021; doubles healthcare spending, lifts caps on FDI
Business

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

Union Budget 2021: Centre unveils scheme for setting up mega textile parks in India
Business

Union Budget 2021: Centre unveils scheme for setting up mega textile parks in India

The government unveiled the scheme as part of an effort to position India as a fully integrated, globally competitive manufacturing and exporting hub for the sector

Union Budget 2021: Nirmala Sitharaman announces seven port projects worth over Rs 2,000 crore
India

Union Budget 2021: Nirmala Sitharaman announces seven port projects worth over Rs 2,000 crore

These projects would be undertaken through public private partnership (PPP) mode, Sitharaman said in her speech in the Lok Sabha

Union Budget 2021: Scottish economist James Wilson presented India's first budget; 8 facts about annual financial statement
India

Union Budget 2021: Scottish economist James Wilson presented India's first budget; 8 facts about annual financial statement

While it is Nirmala Sitharaman’s third budget, the record of the maximum number of budget presentations is held by Moraji Desai

Union Budget 2021: Centre may address inverted duty structure for steel products to boost manufacturing, say sources
India

Union Budget 2021: Centre may address inverted duty structure for steel products to boost manufacturing, say sources

Inverted duty structure impacts the domestic industry as manufacturers have to pay more for raw material in terms of duty, while the finished product lands at lower duty and cost

Union Budget 2021: Favour extension of pandemic support measures, thrust on infra investment, says IMF
Business

Union Budget 2021: Favour extension of pandemic support measures, thrust on infra investment, says IMF

IMF’s chief economist Gita Gopinath said more public infrastructure spending is needed and that the Government of India has expressed its intention to do so

Union Budget 2021: Govt must redirect focus on resolving demand-side issue for economic recovery
India

Union Budget 2021: Govt must redirect focus on resolving demand-side issue for economic recovery

Sunil Kumar Sinha of India Ratings warned that even if the supply-side bottlenecks get restored on account of various RBI measures it may soon run into difficulties due to the lack of adequate demand

Union Budget 2021: From going paperless to no briefcase, 5 differences in the way it will be presented this year
India

Union Budget 2021: From going paperless to no briefcase, 5 differences in the way it will be presented this year

The Union Budget will be presented against the backdrop of the economy in recession due to COVID-19