Nation expects discussions, says PM Modi on day 1 of Budget Session
India | January 29, 2021 11:07 ISTThe Budget Session will be held in two parts --January 29 to February 15 and March 8 to April 8 and will have a total of 33 sittings.
The Budget Session will be held in two parts --January 29 to February 15 and March 8 to April 8 and will have a total of 33 sittings.
The Union Budget 2020-21 had estimated fiscal deficit at Rs 7.96 lakh crore or 3.5 per cent of GDP but India Ratings sees it printing in at Rs 13.44 lakh crore or 7 per cent if the government cleared its payables and roll over some portion of expenditure to 2021-22.
The Union Budget 2021-22 will be presented by Finance Minister Nirmala Sitharaman on February 1 (Monday). It will be the first budget presentation amid the pandemic.
After announcing a series of stimulus packages to buttress the economy, the finance minister has an opportunity to lay out a fiscal blueprint - paperless for the first time - to strengthen the distressed sectors and encourage the promising ones alike, keeping in mind the expectations of the common man as well.
After the economic downturn due to COVID-19, Finance Minister- Nirmala Sitharaman has raised many hopes for everyone before presenting the 2021 Budget, on February 1.
Ahead of the Union Budget presentation 2021-2022 on February 1, the Economic Survey 2020-21 will be presented in Parliament on January 29.
With the aim of doubling farmers' income by 2022, the government is likely to raise farm credit target to about Rs 19 lakh crore in Budget 2021-22 to be presented on February 1, according to sources.
Industry body India Cellular and Electronics Association (ICEA) has renewed its demand for reducing Goods and Services Tax (GST) for the mobile industry ahead of the Union Budget to be presented on February 1.
Like every year, 'Halwa Ceremony' was held at Finance Ministry ahead of upcoming Union Budget.
In an unprecedented initiative, Union Budget 2021-22 will be delivered on February 1 in paperless form for the first time.
The Budget session of Parliament will commence from January 29, with Union Finance Minister Nirmala Sitharaman set to present the Union Budget on February 1. The session will be held in two parts -- from January 29 to February 15 and March 8 to April 8.
Referring to the successful PM-KISAN scheme under which Rs 6,000 is paid annually directly into farmers bank accounts, he said the DBT mechanism should be fine-tuned and gradually should be utilized to support farmers in lieu of other subsidies.
The first phase of the Budget Session of Parliament is likely to take place from January 29 till February 15, sources told India TV. The second part will be held from March 8 till April 8.
Finance Minister Nirmala Sitharaman on Friday said that the government is seeking growth-inducing big ideas and inputs derived from introspection by industry, which would be used for creating a 'budget as never before'.
The finance ministry on Friday sought ideas, suggestions and proposals for the annual budget of 2021-22. The Union Budget 2021, which will be the third budget of Modi's 2.0 government and Finance Minister Nirmala Sitharaman, is likely to be presented on February 1.
The Lok Sabha was on Tuesday adjourned till March 1, taking a break of 19 days during the Budget session 2020. It will meet on March 2 again for further business and will continue proceedings till April 3.
RBI pegged India's growth rate in the next financial year at 6% and 5% in the current fiscal and decided to maintain the status quo on the benchmark interest rate.
Members of All India Insurance Employees Association on Monday staged a massive demonstration in Chennai against government’s decision to sell the partial stake in the LIC through an initial public offer
Equity benchmark indices were in the green during early hours on Monday after they witnessed a sharp downswing on February 01, the day government tabled Union Budget 2020.
Given that a large proportion of those availing deductions will not move to the new IT regime, the announcement will at best be a mild positive for taxpayers
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