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-
Budget 2021: Census to go digital, FM sets aside 3,700cr
Allocation for the home ministry in the Budget was marginally lower at Rs 1,66,547 crore as compared to Rs 1,67,250 crore allocated in the last Budget. -
‘Bitter harvest’: Farmers’ unions up ante over MSP
Farm groups have termed the Budget a “bitter harvest” sugar-coated with an implausible target of doubling farmers’ income by 2022. Claiming that there was nothing worthwhile in it for them, they accused the FM of making misleading claims like MSP being 1.5 times of the input cost of crops. -
Union Budget 2021: Agri infra cess neutral for end consumer, negative for states
Union Budget 2021: Agri infra cess neutral for end consumer, negative for states -
India enters scrap-age, gets 18,000 crore bus boost
The government on Monday announced the rollout of the voluntary vehicle scrapping policy to phase out old and unfit vehicles. In her budget speech, FM Nirmala Sitharaman also said a Rs 18,000 crore scheme will be launched for a city bus system to increase the availability of public transport in urban areas. -
A Covid ‘blessing’? Finally, biotech sector gets booster shots
After years of being ignored by successive FMs, the Covid-19 pandemic finally forced the government to take note of the country’s biotech sector that has been at the forefront in the fight against coronavirus. -
50k cr to be spent on turning 15k schools into a class act
Focusing on the National Education Policy 2020, the government has decided to qualitatively strengthen 15,000 schools so that they emerge as a model for others. -
Budget 2021: Govt banks on larger agri credit pie in times of farm unrest
Budget 2021: Govt banks on larger agri credit pie in times of farm unrest -
Union Budget 2021: Cess on import of over dozen items not to burden consumers
Union Budget 2021: Cess on import of over dozen items not to burden consumers -
DNA Exclusive: Analysis of Union Budget 2021-22 in just ten points
In DNA on Monday, Zee News Editor-in-Chief Sudhir Chaudhary gives an analysis of Union Budget 2021-22 in just ten points. Union Finance Minister Nirmala Sitharaman proposed a sharp increase in expenditure on infrastructure, doubling of healthcare spending and raising the cap on foreign investment in insurance. The Budget for the next fiscal is a bid to pull the economy out of the pandemic-induced trough. -
DNA exclusive: Prakash Javadekar's first reaction on fake news
Speaking exclusively to DNA Zee News Editor-in-Chief Sudhir Chaudhary, Javadekar said that the Narendra Modi government is committed to farmers' empowerment and so it has introduced several schemes in the last few years. This year the Modi government to increase the income of the farmers so it is imposing agriculture cess. -
Sebi to be notified as gold exchange regulator, says FM
The government on Monday said capital market watchdog Securities and Exchange Board of India (Sebi) will be the designated regulator for gold exchanges, which will infuse transparency in gold transactions. -
‘We chose to spend big on infrastructure, tend to need of healthcare sector,’ says FM Sitharaman
‘We chose to spend big on infrastructure, tend to need of healthcare sector,’ says FM Sitharaman -
Govt spent a lot since fiscal deficit gone from 3.5% to 9.5%: FM Sitharaman
Govt spent a lot since fiscal deficit gone from 3.5% to 9.5%: FM Sitharaman -
Budget 2021-22: ‘Superb, practical, rational and progressive,” says NITI Aayog CEO
Budget 2021-22: ‘Superb, practical, rational and progressive,” says NITI Aayog CEO -
Union Budget 2021 explained in 15 charts
Finance minister Nirmala Sitharaman on Monday presented the first-ever digital Union Budget. She announced higher capital expenditure for 2021 and said this year's budget focused on six pillars- health and wellbeing; physical and financial capital, and infrastructure; inclusive development; reinvigorating human capital; innovation and R&D; minimum govt, maximum governance. -
LIC IPO next fiscal, says finance minister Sitharaman
Finance minister Nirmala Sitharaman on Monday said initial public offering (IPO) of insurance behemoth Life Insurance Corporation (LIC) will take place next financial year beginning April. The government has already initiated the process for LIC IPO. -
Budget 2021: Mobile phone prices could go up marginally
The budget may make mobile phones a tad expensive as the government sought to increase import duty on certain inputs used to make devices and chargers in order to boost domestic value addition. A similar duty on compressors would also have a marginal impact on prices of ACs and refrigerators, though the industry said they would prefer to absorb these in view of the upcoming festive season. -
Exclusive: Growth given priority in Union Budget 2021-22, shouldn't worry about financial losses now, says Finance Minister Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman stated that the Union Budget 2021-22 removed the problems faced due to coronavirus. In the biggest interview after the budget, the finance minister said, "Growth is given priority in the budget. We shouldn't worry about financial losses right now." -
Exclusive Interview | Infrastructure building, increasing health sector capex to have multiplier effect, FM Sitharaman tells Network18
"If I had more resources to give, I would have given it to the people as much as we can," Sitharaman told Rahul Joshi, Group Editor-in-Chief and MD of Network18. -
Budget 2021 | ‘Fiscal stimulus’ should be clearly linked to the growth trajectory
While the current deviation from the rule-based fiscal framework was necessitated by the severity of the economic shock, it is necessary to monitor and manage it in a transparent fashion. -
Interview | Right time to bet on long-term growth through infra investment: Sanjeev Sanyal
Hours after Finance Minister Nirmala Sitharaman’s Union Budget 2021 speech, Principal Economic Advisor Sanjeev Sanyal, one of the architects of the Budget, spoke exclusively to Moneycontrol. -
Focus now on Infra, Heath, and Agri infra, says Finance Minister Nirmala Sitharaman on Union Budget 2021-22
Finance Minister proposed a sharp increase in expenditure on infrastructure, doubling of healthcare spending and raising of the cap on foreign investment in insurance. It also imposed an Agriculture Infrastructure and Development Cess (AIDC) on certain items to finance agricultural infrastructure and other development expenditure. -
Union Budget: Your retirement savings hit, again
The Union Budget 2021 has restricted the tax-free return on investment in a unit linked insurance plan (ULIP) and provident fund at Rs 2.50 lakh each. Last year’s budget imposed a ceiling of Rs 7.5 lakh a year on employers’ contribution to provident fund schemes. Now contributions of over Rs 2.5 lakh a year to employee provident fund schemes will be taxed at the time of withdrawal. -
Investors gain over Rs 6.34L cr as markets cheer budget 2021
Investors became richer by over Rs 6.34 lakh crore on Monday as markets gave a big shout-out to the budget 2021-22, which analysts termed as 'unprecedented' against the backdrop of the pandemic-induced slowdown. -
Live: Focus now on Infra, Heath, and Agri infra, says Finance Minister Nirmala Sitharaman on Union Budget 2021-22
Finance Minister proposed a sharp increase in expenditure on infrastructure, doubling of healthcare spending and raising of the cap on foreign investment in insurance. It also imposed an Agriculture Infrastructure and Development Cess (AIDC) on certain items to finance agricultural infrastructure and other development expenditure. -
Interest on employee contributions to PF above THIS amount now taxable; check details
Union Finance Minister Nirmala Sitharaman proposed a sharp increase in expenditure on infrastructure, in a bid to pull the economy out of the trough. She also announced the doubling of healthcare spending and raising of the cap on foreign investment in insurance in her Budget for the next fiscal. -
Budget lacks direction, fails to stimulate demand: Amit Mitra
Amit Mitra also criticised the budget claiming that sufficient funds have not been allocated to West Bengal for fighting the COVID-19 pandemic and mitigating the damage caused by cyclone Amphan. -
Nirmala Sitharaman hits back at Rahul Gandhi on crony capital comment on Budget
Soon after the Budget presentation, Congress leader Gandhi alleged that the Narendra Modi government plans to hand over India’s assets to crony capitalists through stake sale in public sector companies and financial institutions, including two PSU banks and an insurance company, in the next fiscal. -
Union Budget 2021: FM made a special announcement for home loan; here's what she said
Union Minister for Finance and Corporate Affairs presented the Union Budget for the year 2021-22 on Monday (February 1) in the lower house of the parliament. The Finance Minister proposed to extend the eligibility period for a claim of the additional deduction for the interest of Rs. 1.5 lakh paid for a loan taken for the purchase of an affordable house to 31st March 2022. -
Union Budget reflects Centre#39;s efforts to sideline non-BJP ruled states: Punjab CM
His reaction came hours after Finance Minister Nirmala Sitharaman presented the Union Budget for 2021-22. -
Union Budget 2021: Scrappage policy to boost auto sector to be announced in 15 days, says Nitin Gadkari
The voluntary vehicle scrapping policy with the aim to phase out old and polluting vehicles was announced by Union Finance Minister Nirmala Sitharaman. Road Transport, Highways and MSMEs Minister Nitin Gadkari welcomed the policy saying it will lead to new investment and create jobs. -
Union Budget 2021: Gold tanks Rs 1,324; silver jumps Rs 3,461
Gold in the national capital on Monday (February 1) tumbled Rs 1,324 to Rs 47,520 per 10 gram on a day when the government announced cut in import duty on gold and silver, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 48,844 per 10 gram. -
Union Budget 2021-22: Tier-2 cities, peripheral areas of Tier-1 cities to get 'MetroLite' and 'MetroNeo'
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman presented the Union Budget for the year 2021-22 in the lower house of the parliament on Monday (February 1). The public transport system in urban areas got a major boost in the Budget. -
Budget 2021 proposes Custom duty structure overhaul; over 400 old exemptions to be reviewed; check details
Union Finance Minister Nirmala Sitharaman proposed several indirect tax proposals to rationalise custom duty structure, ease compliance and give impetus to domestic manufacturing, tabling the Union Budget 2021-22 in Parliament. -
Budget 2021: Here are the views of India Inc on Budget
The focus on growth over fiscal consolidation, healthcare spending and steps to further help the startup ecosystem came in for praise from industry leaders across different sectors. -
Union Budget 2021: Sensex skyrockets 2,315 points as pro-growth Budget unleashes animal spirits
Tabling the Budget for 2021-22 in Parliament, the finance minister proposed more than doubling healthcare spending, enhancing capital expenditure to Rs 5.54 lakh crore and and introduced an agri infra cess of up to 100 percent on some goods to create post-harvest infrastructure for improving farmers' income. -
Union Budget 2021-22: Rs. 35,000 crore allocated for Covid-19 vaccine
Development of COVID-19 vaccines found a pride of place in the Union Budget. Rs. 35,000 crore have been allocated for COVID-19 vaccine in BE 2021-22. “I am committed to provide further funds if required”, the Finance Minister further said. -
Union Budget 2021-22: FM Sitharaman makes key announcements on LIC IPO, disinvestment
Unveiling the Disinvestment/Strategic Disinvestment Policy, Sitharaman said four sectors -- Atomic energy, Space and Defence; Transport and Telecommunications; Power, Petroleum, Coal and other minerals; and Banking, Insurance and financial services -- would be strategic sectors. -
Amit Shah terms budget all-inclusive, a guide to self-reliant India
In a series of tweets in Hindi, Shah lauded the budget presented by Finance Minister Nirmala Sitharaman and said the "all-inclusive budget" was prepared under the guidance of the Prime Minister amidst the coronavirus pandemic. -
Sitharaman lists infra, health as two top features
Finance minister Nirmala Sitharaman on Monday said that the Union Budget 2021 comprises two important features, namely increased spending in infrastructure and healthcare sectors. -
Nitish Kumar congratulates Centre for #39;balanced#39; Union Budget despite COVID challenges
He also hailed Union Finance Minister Nirmala Sitharaman#39;s proposal to increase the budgetary outlay for health to over Rs 2.23 lakh crore in FY22 from Rs 94,452 crore estimated in the current fiscal. -
Budget does not address inequities, bold for its fiscal stance: Economists
Concerns over the impact on the sovereign rating have been sidestepped in the budget by using a wider fiscal deficit for addressing the growth needs, they said. -
Allocation of Rs 35,000 crore for COVID vaccines will help end pandemic, expedite economic recovery: Harsh Vardhan
He hailed the "visionary leadership" of Prime Minister Narendra Modi and "prudence" of Finance Minister Nirmala Sitharaman "for taking us closer to Health For All". -
Union Budget 2021-22: FM proposes increase of 137 per cent in Budget for Health and well-being
The World Health Organisation has repeatedly stressed the importance of clean water, sanitation, and clean environment, as a prerequisite to achieving universal health, the Budget has made a significant allocation to these sectors. -
Union Budget 2021-22: FM Sitharaman announces Rs 3,05,984 crore for power reforms
Sitharaman also pointed towards the monopolies of distribution companies across the country and proposed to put in place a competitive framework to give consumers alternatives to choose from among more than one distribution companies. -
Union Budget 2021: FM Nirmala Sitharaman sets the tone for AtmaNirbhar Bharat, post-COVID recovery
Laying a vision for AatmaNirbhar Bharat in the Union Budget 2021, she said this is an expression of 130 crore Indians who have full confidence in their capabilities and skills. Additionally, also on the path to fast-implementation are the 13 promises of Budget 2015-16-which were to materialize during the AmrutMahotsav of 2022, on the 75th year of our Independence. They too resonate with this vision of AatmaNirbharta. -
Union Budget 2021-22: Revision in 'small companies' definition, know more
Union Minister for Finance & Corporate Affairs Nirmala Sitharaman presented the Union Budget FY 2021-22 in the lower house of the parliament on Monday (February 1). Finance Minister proposed reforms for small companies and MSMEs to strengthen Startup ecosystem while presenting Union Budget 2021-22 in Parliament. -
Union Budget 2021-22: New roads and highway projects announced by FM Sitharaman
Sitharaman further said the government would award 8,500 kms of road projects and an additional 11,000 kms of national highway corridors by March 2022 and also announced an Rs 18,000-crore scheme to augment public transport in urban areas. -
Union Budget 2021-22: FM Sitharaman proposes 9 measures for Agriculture, allied sectors
To provide adequate credit to our farmers, the Finance Minister enhanced the agricultural credit target to Rs 16.5 lakh crore in FY22. Smt. Sitharaman further said that the Government will focus on ensuring increased credit flows to animal husbandry, dairy, and fisheries. -
Union Budget 2021-22 has vision of 'self-reliance'; villages and farmers at its heart: PM Narendra Modi
Prime Minister Narendra Modi said that the budget will bring several positive changes for individuals, investors, industry and infrastructure sector. He said in his televised remarks on the Union Budget 2021-22 presented by Union Finance Minister Nirmala Sitharaman in Parliament.
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