Despite COVID-19, govt took up reforms to make India one of top economies: Sitharaman
India | Feb 13, 2021, 12:07 PM ISTFinance Minister Nirmala Sitharaman reiterated that India's approach to the COVID-19 resulted in a retraction in the pandemic.
Finance Minister Nirmala Sitharaman reiterated that India's approach to the COVID-19 resulted in a retraction in the pandemic.
For today's session, the ruling BJP had directed all its members to be present in the House on Saturday, party sources said.
Union Finance Minister Nirmala Sitharaman will reply to the Budget discussion in Lok Sabha (Lower House) of the Parliament at 10 am on Saturday. Earlier on Friday, the Finance Minister said Union Budget for FY21-22 attempts at providing stimulus to the economy.
According to the report, the cost of getting a fitness certificate for such commercial vehicles will go up by up to 62 times. On the other hand, the fee for renewal of registration of private vehicles will increase by up to eight times.
Finance Minister Nirmala Sitharaman in her Budget speech proposed to double the allocation for MSME sector, and set aside Rs 15,700 crore for the financial year starting April 1.
Union Education Minister Dr. Ramesh Pokhriyal Nishank on Tuesday shed light on India's giant leaps in the education sector. Speaking on India TV's special show Budget Sammelan 2021, he said that the ministry undertook the herculean task of getting onboard as many as 25-30 crore students online for digital learning.
Ravi Shankar Prasad said that Rahul Gandhi's knowledge about agriculture and farming is an "open secret" and invited him to discuss issues related to farmers in Parliament.
Appearing in my prime time live show in ‘Aaj Ki Baat’ on India TV, Sitharaman said she was confident that money that will be spent on agriculture and infrastructure will “definitely have a multiplier effect”.
A tax holiday is an incentive program run by the government. It helps to stimulate foreign investment by reducing taxes on businesses. The objective is to encourage economic activity and foster growth.
Smriti Irani said that the Budget should not be seen from a narrow point of view and sought to know why the Opposition is complaining when the Budget has not put any new burden on the aam aadmi.
The Modi government has announced a cut in the import duty on gold and silver, a move welcomed by the industry as it will bring down prices of precious metals in the domestic market and boost exports of gems and jewellery.
Nitin Gadkari said that the Congress party has every right to question the government's policies, but it should not play politics over issues concerning the common man and poor.
Bad Bank will seek to provide financial stability in the banking sector. It will hold problem loans for public sector banks which can then be sold on to investors at a reduced price. This will ultimately help clean up the balance sheets of banks.
Sensex on Tuesday reclaimed the 50,000-mark in the opening session while the Nifty climbed over 400 points to trade over 14,700 points.
Despite COVID-19 pandemic, the Modi government ensured that students don't lose their academic year, Union Education Minister Ramesh Pokhriyal Nishank said.
The government on Monday said the definition of small companies will be revised by raising the capital base to Rs 2 crore from the current limit of Rs 50 lakh.
The finance minister has done a remarkable job in presenting a growth-focused budget during the unprecedented COVID-19 pandemic-hit circumstances, Karun Rishi, president of the USA India Chamber of Commerce said, adding that the budget is transparent and has rationalised the off-balance-sheet borrowings and headlined fiscal deficit numbers.
Over 60 per cent people believe that the Narendra Modi-led government has managed to curb the flow of black money in the market, which got reflected in the Union Budget 2021-22 presented by Finance Minister Nirmala Sitharaman in the Parliament on Monday, as per the IANS C-Voter Budget Insta-Poll.
Union Finance Minister Nirmala Sitharaman on Monday said that the government did not hesitate in spending big. Presenting Budget 2021-22, Sitharaman 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.
In a host of announcements, Union Finance Minister Nirmala Sitharaman sought to pull out the country's economy from a creaking financial system, generate more employment opportunities, and ramp up healthcare by prioritizing vaccination for all.
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