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  • Union Budget 2021: Rs 4.78 lakh crore allocated for defence

    Union Budget 2021: Rs 4.78 lakh crore allocated for defence

    Feb 01, 2021, 11:07 PM IST

    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.

  • Citizens above 75 years exempted from filing I-T returns: FM Sitharaman

    Citizens above 75 years exempted from filing I-T returns: FM Sitharaman

    Feb 01, 2021, 01:19 PM IST

    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.

  • Union Budget 2021: Agriculture credit target raised to Rs 16.5 lakh cr

    Union Budget 2021: Agriculture credit target raised to Rs 16.5 lakh cr

    Feb 01, 2021, 12:57 PM IST

    Union Budget 2021: Sitharaman said that Rs 75,100 crore has been allocated for the farmers of the country. The FM also announced an increase in agriculture credit target to Rs 16.5 lakh crore in FY 2021-22.

  • Union Budget 2021: Here are the things to watch out for this budget

    Union Budget 2021: Here are the things to watch out for this budget

    Jan 31, 2021, 04:06 PM IST

    The government also took care of a large population of the country related to agriculture and farming and enacted new laws to intensify the winds of improvement in the agricultural sector. The Budget 2021-22 is going to be presented in Parliament on Monday, amid wrangling over agricultural reform.

  • Watch PM Modi

    Watch PM Modi's plan for Union Budget 2021

    Jan 30, 2021, 10:26 AM IST

    The Indian economy can contract by 7.7 per cent in current financial year ending on March 31 and the growth could be 11 per cent in the next financial year, according to the Economic Survey tabled in Parliament by Finance Minister Nirmala Sitharaman. The contraction in FY21 is mainly due to coronavirus (Covid-19) pandemic and the visible damage caused by the subsequent countrywide lockdown to contain it.

  • Varanasi weavers pin hopes on Budget 2021

    Varanasi weavers pin hopes on Budget 2021

    Jan 27, 2021, 06:04 PM IST

    Despite the severe impact of Covid-19 in the handloom industry, weavers in Varanasi are putting their hopes high ahead of the Union Budget 2021. Known as the spiritual capital of India - Varanasi produces one of the finest sarees in India. Banarasi sarees are made of finely woven silk and decorated with intricate designs using zari (golden/silver thread). "Due to Corona virus crisis, business was badly hit. The raw materials have become more expensive. We want the government to be more considerate to poor people" says a local weaver. According to reports, Varanasi's weaving industry generates revenue of about Rs 50 billion annually. Finance Minister Nirmala Sitharaman will present her third Union Budget on February 1, 2021.