Want to see private sector unleash its animal spirits: Nirmala Sitharaman
Business | February 20, 2021 14:54 ISTSitharaman said that she has provided long-term certainty with the short-term stimulus in her budget.
Sitharaman said that she has provided long-term certainty with the short-term stimulus in her budget.
Finance Minister Nirmala Sitharaman said a challenging situation like the pandemic didn't deter the government from taking up reforms that are going to be necessary for sustaining long term growth for the country to boost the economy.
Some members have questioned whether allocation for minority affairs, allocation for SC & ST has been reduced. No, they have not. Total allocation for minority affairs is Rs 4,811 crores in 2021-22 which is an 8.6% increase for the ministry, higher than actual expenditure: FM Nirmala Sitharaman
Union Minister Ravi Shankar Prasad on Saturday said the central budget for 2021-22 fiscal has focused on spending to build infrastructure and boost the economic growth of the country.
Despite COVID-19 pandemic, the Modi government ensured that students don't lose their academic year, Union Education Minister Ramesh Pokhriyal Nishank said.
Finance Minister Nirmala Sitharaman today announced the Budget 2021 that will be applicable for the upcoming fiscal year starting April, 2021. Here's how the tech industry reacted.
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”.
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.
There was no big bang increase in the overall defence budget, but India did spend an additional unbudgeted Rs 20,776 crore on emergency arms procurements in the current fiscal in face of China's ongoing belligerence on the northern border, especially in Eastern Ladakh.
Finance Minister Nirmala Sitharaman presented the Union Budget for 2021-22 in Parliament. This year's Budget is unique as finance minister used a Made in India tablet to deliver a paperless Budget address, instead of a bahi khata, that she used last year.
The salaried class was expecting from Nirmala Sitharaman to revise the Income Tax slabs that have been left unchanged for years. Besides higher basic exemption limits, people also expected a hike in the exemption limits under Section 80C and 80D.
The good news is that tax slabs and tax rates stayed the same. There was also good news for senior citizens who only earn a pension and interest income. They will now be exempted from filing income tax returns.
Announcing Budget 2021, Finance Minister Nirmala Sitharaman said this year's budget was based on 6 pillars to ensure the overall development of the country.
The Budget focuses on increasing farmers' income, several measures have been taken in this direction. Farmers will be able to get loans easily. Provisions have been made to strengthen APMC markets with the help of Agriculture Infrastructure Fund: PM Modi
In the coming months, we might see a rise in smartphone rates as the government has decided to remove exemptions on parts of chargers and mobiles in order to promote local manufacturing.
PM Narendra Modi said that the Budget talks of all-round development for all parts of country as he noted record increase in allocation for infrastructure building.
Excluding the pension outgo, the allocation in the Union Budget for the armed forces stands at Rs 3.62 lakh crore.
Finance Minister Nirmala Sitharaman on Monday said ship recycling capacity will be doubled by 2024 and efforts are being made to bring more ships from Europe and Japan.
Finance Minister Nirmala Sitharaman on Monday said senior citizens above 75 years of age with only pension income will now be exempted from filing income tax returns. The bank paying income to them will deduct the necessary tax from their bank account. This has come after Budget 2018 had announced tax law changes to provide more tax benefits to senior citizens. These included tax benefits such as the introduction of a new section 80TTB in the Income Tax Act, 1961, the deduction for medical expenditure in case of no health insurance coverage, etc.
Top News
Latest News
