21:18
The allocation to the panchayati raj ministry for the year 2021-22 increased by more than 32 per cent to Rs 913.43 crore in the Union Budget presented by Finance Minister Nirmala Sitharaman on Monday, compared to the revised expenditure during the current financial year. The major jump in...
19:01
Over 1.4 lakh jobs are estimated to be created between March 2019 and March 2021 in various central government departments, according to the Union Budget presented on Monday. The strength of government establishments was 32,71,113 as on March 1, 2019, which is estimated to increase to 34,14,226...
16:45
Moody's Investors Service, while silent on the sovereign rating on the higher-than-expected fiscal deficit numbers, expressed doubts over attaining the higher revenue targets and divestment realisation as assumed in the Budget. The Union Budget 2021-22 has pegged a fiscal deficit of 9.5 per...
15:32
During her third Budget presentation, Finance Minister Nirmala Sitharaman on Monday quoted a Tamil couplet from the classic Thirukkural written by Tamil poet and philosopher Thiruvalluvar, mentioning the quality of a good king.A king/ruler is the one who creates and acquires wealth, protects and...
15:24
For every rupee in the government coffer, 53 paise will come from direct and indirect taxes, 36 paise from borrowings and other liabilities, 6 paise from non-tax revenue like disinvestment and 5 paise from non-debt capital receipts. According to the Union Budget 2021-22 presented in...
14:52
Union Finance Minister Nirmala Sitharaman on Monday announced that the central government is allocating Rs 1,41,678 crores for Swachh Bharat 2.0.She also announced an outlay of Rs 2,217 crores for 42 urban centers with a million-plus population, to tackle the burgeoning problem of air...
14:24
The ministry of defence has been allocated Rs 4,78,195.62 crores in Budget 2021. Excluding pensions, it is pegged at Rs 3.62 lakh crore, up from last year's Rs 3.37 lakh crore. The ministry of home affairs has been allocated Rs 1,66,546.94 crores.
14:13
Finance Minister Nirmala Sitharaman on Monday gave a boost to the housing sector and home-buyers and proposed to extend exemption available for the purchase of affordable houses and to provide tax exemption for affordable rental housing projects. This government sees housing for all and...
13:57
Finance Minister Nirmala Sitharaman on Monday imposed an agri infra cess of 100% on alcoholic beverages in Budget 2021. Further, an agri infra cess of 2.5% was also imposed on gold, silver and dore bars; 35% on apples; 5% on specified fertiliser; 1.5% on coal, lignite and peat. Agri...
13:34
The government on Monday proposed to impose import duty on components of mobile phones and chargers, to enhance local value addition. Finance Minister Nirmala Sitharaman announced review of 400 exemptions in customs duty including those applicable on the mobile devices segment. For...
13:31
Reducing customs duty uniformly to 7.5% on semis, flux & long products of non-alloy, alloy & stainless steel. To provide relief to metal recyclers, mostly MSMEs, I'm exempting duty on steel scrap up to 31st March 2022. I am also revoking ADD & CBD on certain steel products, FM...
13:26
In order to incentivise startups in the country, I propose to extend the eligibility for claiming tax holidays for startups by one more year, till 31st March 2022, FM Sitharaman announced in her Budget speech.
13:05
Finance Minister Nirmala Sitharaman on Monday said the government estimates fiscal deficit of 6.8 per cent of the gross domestic product (GDP) in the next financial year beginning April 1. However, the fiscal deficit in 2020-21 is estimated to soar up to 9.5 per cent due to rise in...
12:54
Finance Minister Nirmala Sitharaman concludes her budget speech. The highlights of the budget are increased allocation for health, capital expenditure. She also did not touch the direct tax slabs.
12:50
Senior citizens above 75 years with only pension income exempted from filing income tax returns. Banks to deduct the tax on pension paid to them, announces FM Sitharaman.
12:46
Government cuts timeline for reopening of tax cases to 3 yrs from 6 yrs. However, serious tax offences of concealment of income of over Rs 50 lakh can be reopened after 10 years, announces FM Sitharaman.
12:35
Other announcements made by FM Sitharaman: Deep ocean mission with outlay of more than Rs 4,000 cr over five years proposed. Rs 3,726 cr allocated for forthcoming Census, which will be the first digital census. Conciliatory mechanism to be set up for quick resolution of...
12:28
The finance minister announced that the fiscal deficit in pandemic-hit 2020-21 will be 9.5% of GDP. She estimated the fiscal deficit in 2021-22 at 6.8% of GDP, and expected it to return to normal range by 2023-24.
12:22
Other announcements made by FM Sitharaman: Definition of small companies to be revised by raising capital base to Rs 2 cr from current limit of Rs 50 lakh. Agri infra fund would be made available to APMCs to augment infrastructure facilities. Agriculture credit...
12:14
Barring four strategic areas, PSUs in other sectors will be divested, says FM announcing the government's new disinvestment policy. Two PSBs and one general insurance company to be divested, legislations amendments to be introduced in this session. FM says NITI Aayog to be asked to...
12:08
Other announcements made by FM Sitharaman are: Asset reconstruction and management company to be set up for stressed assets of banks.FDI in insurance increased to 74 pc from 49 pc.Government proposes further recapitalisation of State-owned banks; earmarks Rs 20,000 crore.Free cooking gas LPG...
12:05
As the finance minister continues her Budget speech, the markets have responded favourably to what she has said so far and the direction in which the announcements are heading.In intra-day deals at noon, the BSE Sensex has gone up by 917 points to 47,216 points, while Nifty went up by 261 points...
11:57
Other announcements made by FM Sitharaman are: 7 port projects worth more than Rs 2,000 cr via PPA mode. 100 pc electrification of broad gauge rail tracks by December 2023. Rs 18,000 cr scheme to augment public transport in urban areas. City gas distribution network of...
11:55
Over 13,000 km length of roads at a cost of Rs 3.3 lakh cr has already been awarded under Rs 5.35 lakh cr Bharatmala project of which 3,800 kms have been constructed. By March 2022 we'd be awarding another 8,500 km and complete an additional 11,000 km of National Highway Corridor, says FM...
11:47
Rs 2,217 crore has been allocated for 42 urban centres with million-plus population to tackle burgeoning problem of air pollution, announces FM Sitharaman.
11:42
Other allocations/announcements made by Finance Minister Sitharaman are: PLI scheme with outlay of Rs 1.97 lakh crore for 5 years starting this fiscal. A scheme of mega investment textiles park in addition to PLI scheme will be launched.Government to introduce bill to set up development...
11:33
Finance Minister Nirmala Sitharaman has announced a capital expenditure of Rs 5.54 lakh crores for 2021-21, an increase of over 33% over the previous year's allocation.
11:33
Other allocations announced by Finance Minister Sitharaman include:Introduction of Aatmanirbhar health programme with an outlay of Rs 64,180 cr; this in addition to the national health mission. Swachh Bharat 2.0 will be implemented with outlay of Rs 1,41,678 cr over 5 years. Jal Jeevan...
11:25
The Budget 2021 proposals rest on six pillars Health and Well-Being; Physical and Financial capital and infrastructure; Inclusive Development for Aspirational India; Reinvigorating Human Capital; Innovation and R&D; Minimum government, maximum governance
11:22
Finance Minister Sitharaman has kept the Budget's focus on health, and promised an outlay of Rs 35,000 for Covid vaccine development, saying more funds will be allocated as the need arises.
11:16
Finance Minister Sitharaman recalls the words of Tagore in her speech: Faith is the bird that feels the light and sings when the dawn is still dark, she says, adding that this moment in history is the dawn of a new era, where India is well-poised to be the land of promise and hope.
11:13
The preparation of this Budget was undertaken in circumstances like never before, in view of calamities that have affected a country or a region within a country. But what we have endured with Covid-19 in 2020 is Sui generis: FM Sitharaman.
11:11
The PM Garib Kalyan Yojana, the three Aatma Nirbhar Bharat packages and subsequent announcements were like five mini-budgets in themselves. The total financial impact of all Aatma Nirbhar Bharat packages, including measures taken by RBI, was about 27.1 lakh crore, or more than 13% of GDP, says...
11:08
Finance Minister Sitharaman begins her Budget2021 speech by recounting the unprecedented circumstances through which the nation and the world had to go through and recognising the service rendered by Covid Warriors during the crucial months of the pandemic.
11:06
We could not have imagined we would be faced with an unprecedented contraction in global economy in 2020, Sitharaman begins her speech with these words, setting the tone for what is to follow in her Budget speech
11:01
Finance Minister Nirmala Sitharaman has begun her Budget speech, her third in succession, in Parliament. All eyes are on what exactly the FM will announce today, to revive the economy that has been battered by the coronavirus pandemic. Prime Minister Narendra Modi had on Friday said...
10:56
Finance Minister Nirmala Sitharaman will be presenting her third Budget in a short while from now. Here are the key numbers to watch out for in the Budget for 2021-22, which is widely expected to be a economic vaccine for the pandemic-battered economy. Sitharaman, who had in her first...
10:52
Finance Minister Nirmala Sitharaman
Just In: Union Cabinet approves the #UnionBudget 2021-22 that will shortly be presented by Finance Minister Nirmala Sitharaman in Parliament.
10:42
Finance Minister Nirmala Sitharaman on Monday called on President Ram Nath Kovind before presenting the Union Budget 2021-22. As per established tradition, the finance minister met the President at Rashtrapati Bhawan before heading to Parliament. While traditionally, copies of the...
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