Union Budget

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Nitin Gadkari claims scrappage policy will increase auto industry's turnover by Rs 10 lakh crore
India

Nitin Gadkari claims scrappage policy will increase auto industry's turnover by Rs 10 lakh crore

Terming the policy a 'win-win' for all, the Union minister claimed that the purchase of new vehicles would help reduce pollution and lead to increase in GST income

Get around 5% rebate from automakers on purchase of new car under Vehicle Scrapping Policy, says Nitin Gadkari
India

Get around 5% rebate from automakers on purchase of new car under Vehicle Scrapping Policy, says Nitin Gadkari

The policy announced in the 2021-2022 Union Budget by Nirmala Sitharaman mandates a fitness test after 20 years for personal vehicles and 15 years for commercial vehicles

Privatisation of CPSEs during recession 'horrible idea', says former chief statistician Pronab Sen
Business

Privatisation of CPSEs during recession 'horrible idea', says former chief statistician Pronab Sen

Speaking at an event organised by industry body PHDCCI, Sen said Nirmala Sitharaman did not mention world 'employment' in her Budget speech

Foreign portfolio investors pump in Rs 22,038 crore in February amid post-Budget cheer
India

Foreign portfolio investors pump in Rs 22,038 crore in February amid post-Budget cheer

Himanshu Srivastava, associate director, manager research, Morningstar India, attributed the strong inflows in February to "the positive sentiments around the equity markets after the Union Budget"

Union Budget 2021: FDI cap hike will raise insurance penetration, help attract overseas funds, say experts
India

Union Budget 2021: FDI cap hike will raise insurance penetration, help attract overseas funds, say experts

In her Budget speech, Nirmala Sitharaman had proposed amending the Insurance Act, 1938, to increase the FDI limit in insurance companies from 49% to 74% and allow foreign ownership and control with safeguards

Previous govts drafted Union Budget with eye on vote bank, says Narendra Modi
India

Previous govts drafted Union Budget with eye on vote bank, says Narendra Modi

Addressing the centenary celebrations of the historic Chauri Chaura incident virtually, the PM targeted previous governments of turning the budget into a 'vote bank' and said that the current Centre has changed this 'soch'

Union Budget 2021: Slashed funds for NREGA, Poshan Abhiyan 2.0, elderly pensions reflect poorly on Centre
India

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

Union Budget 2021: Economists say problems of inequitable growth not addressed
India

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"

Budget 2021 Updates: Nirmala Sitharaman claims govt delivered on healthcare, infra; 'let down like never before,' says Chidambaram
Business

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.

Union Budget 2021: In solidarity with protesting farmers, Punjab Congress MPs don black robes in Lok Sabha
Politics

Union Budget 2021: In solidarity with protesting farmers, Punjab Congress MPs don black robes in Lok Sabha

The three MPs first protested outside the Parliament House Complex and raised slogans against Centre alleging it is 'anti-farmer' and not listening to the voice of farmers

Budget 2021 Highlights: Fiscal deficit pegged at 6.8% of GDP for FY22; FM proposes Rs 64,180 cr for Atma Nirbhar health programme
Business

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

Budget 2021: Finance Minister Nirmala Sitharaman announces new voluntary vehicle scrappage policy
India

Budget 2021: Finance Minister Nirmala Sitharaman announces new voluntary vehicle scrappage policy

As per this policy, personal vehicles over 20 years old and commercial vehicles over 15 years old would undergo automated fitness tests.

Union Budget 2021: Nirmala Sitharaman to present Budget in Parliament today; when and where to watch
Business

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

Chirag Paswan invited to Union Budget session meeting but won't attend due to health reasons, says LJP
India

Chirag Paswan invited to Union Budget session meeting but won't attend due to health reasons, says LJP

The LJP's membership in the NDA is being questioned because the party walked out of the alliance in Bihar and contested the Assembly polls against Nitish Kumar's JD(U)

Centre 'continuously' trying to resolve protesting farmers' issues through talks, says Narendra Modi in all-party meet
India

Centre 'continuously' trying to resolve protesting farmers' issues through talks, says Narendra Modi in all-party meet

Leaders of various political parties were part of the customary all-party meeting convened by the Centre for the smooth conduct of the Budget Session

Union Budget 2021: Part one of Session to conclude two days early on 13 February
Business

Union Budget 2021: Part one of Session to conclude two days early on 13 February

The matter was discussed in the Business Advisory Committee of the Lok Sabha, in which leaders of various parties unanimously agreed to end part one of the session on 13 February

Union Budget 2021: Narendra Modi to announce govt's legislative agenda in all-party meet today
India

Union Budget 2021: Narendra Modi to announce govt's legislative agenda in all-party meet today

During the virtual meeting, Opposition parties are likely to demand a debate on the farmers' agitation underway at various border points of Delhi

India GDP to grow at 11% in FY22; lockdown saved 1 lakh lives: Key points of Economic Survey 2021
Business

India GDP to grow at 11% in FY22; lockdown saved 1 lakh lives: Key points of Economic Survey 2021

The Gross Domestic Product (GDP), however, is projected to contract by a record 7.7 percent in the current financial year ending 31 March, 2021

Budget 2021 Updates: India witnessing V-shaped economic recovery, says CEA K Subramanian
Business

Budget 2021 Updates: India witnessing V-shaped economic recovery, says CEA K Subramanian

Budget 2021: India's economic growth is likely to rebound with a 11% growth in the next financial year as it makes a 'V-shaped' recovery after witnessing a pandemic-led carnage, the Pre-Budget Economic Survey said on Friday

Union Budget 2021 should focus on putting economy back on track, not on arresting fiscal deficit, says India Ratings
India

Union Budget 2021 should focus on putting economy back on track, not on arresting fiscal deficit, says India Ratings

The fiscal deficit falling to 6.2 percent will be achievable if nominal growth comes in around 14 percent and real growth at 9.5 to 10 percent, said India Ratings chief economist Devendra Pant