Union Budget-2021

Showing of 1 - 20 from 249 results
Union Budget-2021 - Total results - 249
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

Banking operations likely to be impacted today and 16 March as bank unions call for strike
India

Banking operations likely to be impacted today and 16 March as bank unions call for strike

The United Forum of Bank Unions, an umbrella body of nine unions, has called for the nationwide strike to protest against the proposed privatisation of two state-owned lenders

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

Nirmala Sitharaman lists out key Union Budget initiatives in meeting with RBI's central board
India

Nirmala Sitharaman lists out key Union Budget initiatives in meeting with RBI's central board

The board, in its meeting, reviewed various areas of operations of the RBI, including ways to strengthen grievance redressal mechanisms in banks

Centre likely to bring amendments to two legislations to facilitate privatisation of PSU banks
Business

Centre likely to bring amendments to two legislations to facilitate privatisation of PSU banks

Nirmala Sitharaman while presenting Budget 2021-22 earlier this month had announced the privatisation of Public Sector Banks as part of disinvestment drive to garner Rs 1.75 lakh crore

Moneycontrol reigns as No.1 digital destination for Budget Day coverage, beats previous digital readership records
Business

Moneycontrol reigns as No.1 digital destination for Budget Day coverage, beats previous digital readership records

Moneycontrol broke down the Budget for readers using the theme Rebuilding India, which captured the impact of Budget 2021 on individuals, investors and businesses

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

Union Budget 2021:  India's realty sector nearly cripples for want of liquidity as FM spurs hope
Business

Union Budget 2021: India's realty sector nearly cripples for want of liquidity as FM spurs hope

The real estate industry, passing through a protracted recession even before the pandemic which worsened it manifold

Union Budget 2021: Govt sets divestment target of Rs 1.75 tn, after big misses in recent years
Business

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
Business

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 takes braver route to fix economy by not levying more tax
Business

Union Budget 2021: Nirmala Sitharaman takes braver route to fix economy by not levying more tax

Changes on the indirect tax front are also not significant to qualify as changes large enough to be structural leading to increased demand or increased production of items

Union Budget 2021: Finance minister makes no mention of allocation to separate domestic defence sector
Business

Union Budget 2021: Finance minister makes no mention of allocation to separate domestic defence sector

The current geopolitical situation in which the Indian forces remain in a tense face-off with China along the northern border has necessitated the emergency purchases

Union Budget 2021: Allocation of Rs 1,500 cr to boost digital payments will take fintech sector a higher notch
Business

Union Budget 2021: Allocation of Rs 1,500 cr to boost digital payments will take fintech sector a higher notch

Recognising fintech as an industry would have been much sweeter but overall, it is a 360-degree growth for the fintech sector

Union Budget 2021: Govt focusses on easing pain points for taxpayers in coming fiscal year
Business

Union Budget 2021: Govt focusses on easing pain points for taxpayers in coming fiscal year

In order to make taxation processes faceless, the National Faceless Income Tax Appellate Tribunal Centre shall be established with the facility of personal hearing through videoconferencing.

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

80% of India's informal workers lost jobs during COVID lockdown, 63% survived on two meals a day, shows data
India

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

FM's interview to Network18: Nirmala Sitharaman reveals NDA govt's macroeconomic philosophy and road ahead
Business

FM's interview to Network18: Nirmala Sitharaman reveals NDA govt's macroeconomic philosophy and road ahead

To a question on whether 11% GDP growth and a V-shaped recovery is achievable and if so, sustainable of the next few years, Nirmala Sitharaman said the economy doesn’t grow on the finance minister’s commands, it is the fruit of toil and vision of Indian citizens and her job as the minister is limited to removing the obstacles in that path

Union Budget 2021: Business-as-usual for agriculture when a change in orientation was much-needed
Business

Union Budget 2021: Business-as-usual for agriculture when a change in orientation was much-needed

The finance minister was at pains to emphasise that the Narendra Modi government had doubled the spending on wheat procurement and nearly tripled that on rice procurement since it assumed office in 2014

Union Budget 2021: Nirmala Sitharaman offers carrot and stick approach to raise revenue, soothe taxpayers
Business

Union Budget 2021: Nirmala Sitharaman offers carrot and stick approach to raise revenue, soothe taxpayers

Taxpayers can also draw solace from the fact that the Budget has reduced the period for issuing tax notices by the department for a particular transaction to four years from seven years earlier