Budget 2021: COVID-19 hit hospitality sector seeks relief on GST front, demands industry status
Finance Minister Nirmala Sitharaman is scheduled to present the Budget 2021 in Lok Sabha at 11 AM.
At this crucial juncture Sitharaman's announcement for the hospitality industry in the Union Budget 2021, is going to have a major impact on lakhs of people dependent on the sector.
Jan 31, 2021, 13:25 PM IST
Budget 2021 classroom: How to save income tax other than 80C; check these 10 options
The one thing that the common man eagerly waits to hear from the finance minister is the announcement on taxation. We shall all get to know what is stored in FM's kitty. For the moment, we could look at 10 other options for tax saving purpose.
Jan 31, 2021, 11:15 AM IST
Budget 2021: Here's what FM Sitharaman could have in store for the salaried class
Union Budget 2021 will go paperless as the Finance Ministry has decided not to print the budget documents amid the COVID-19 pandemic. Touted to be a historic move, it will be for the first time in the history of independent India that the budget 2021 papers will not be printed.
Jan 31, 2021, 10:02 AM IST
Budget 2021: Real estate sector keen on infrastructure status, tax incentives for home buyers
The real estate sector has also been demanding infrastructure status. Apart from the sector suffering a sharp dip in sales due to COVID-19, there was also exodus of migrant labourers from cities which impacted execution of projects. Developers said construction work had not picked up projects due to liquidity crisis.
Jan 31, 2021, 09:25 AM IST
FM Nirmala Sitharaman tables Economic Survey 2021-22 in Parliament, economic growth of 11% projected
Finance Minister Nirmala Sitharaman will present the Union Budget at 11 a.m. on February 1. The Economic Survey 2020-21, authored by a team led by Chief Economic Adviser Krishnamurthy Venkata Subramanian, details the state of different sectors of the economy as well as reforms that should be undertaken to accelerate growth.
Jan 29, 2021, 14:42 PM IST
Economic Survey 2020-21 Live Updates: Robust economic recovery of 11% for fiscal 2021-22 projected
The survey, also regarded as the official report card of the union government, gives a roadmap for the country's economy and spells the way forward. The Economic Survey provides a summary of the annual economic development across the country during the financial year.
Jan 29, 2021, 10:34 AM IST
Union Budget 2021 Classroom: What is Economic Survey and what is its significance?
Chief Economic Adviser KV Subramanian will address a press conference at 3.30 pm today in New Delhi after the presentation of Economic Survey 2020-21 by the Finance Minister in Parliament.The Economic Survey provides a summary of the annual economic development across the country during the financial year.
Jan 29, 2021, 10:25 AM IST
Economic Survey 2021 LIVE Streaming: When, where and how to watch it
Chief Economic Adviser KV Subramanian will address a press conference at 3.30 pm today in New Delhi after the presentation of Economic Survey 2020-21 by the Finance Minister in Parliament.
The survey, also regarded as the official report card of the union government, gives a roadmap for the country's economy and spells the way forward.
Jan 29, 2021, 10:02 AM IST
Economic Survey 2020-21: Chief Economic Adviser KV Subramanian's presser at 3.30 pm today
The Budget Session will begin today with an address by President Ram Nath Kovind to the joint sitting of two houses of Parliament.The first part of the session will continue till February 15. The second part of the session will be held from March 8 to April 8.
Jan 29, 2021, 09:48 AM IST
Economic Survey 2020-21 to be tabled by FM Sitharaman today: Here's what to expect
During the last economic survey (Economic Survey 2018-19) the government Thursday projected the country's GDP growth for 2019-20 at 7 percent, up from five-year low of 6.8 per cent, on the back of anticipated pickup in investment and consumption. However, in the wake of the COVID-19 Pandemic, the course of the Indian economy took a downward slope with the country's GDP falling to -23.9 percent in the first quarter.
Jan 29, 2021, 09:35 AM IST
Economic Survey 2020-21 to be presented on January 29: Here's what is expected
India's GDP is estimated to contract by a record 7.7 per cent during 2020-21 as the COVID-19 pandemic severely hit the key manufacturing and services segments, as per government projections released earlier this month. The article further said that in the first half of 2021-22, GDP growth will benefit from statistical support and is likely to be mostly consumption-driven.
Jan 28, 2021, 18:35 PM IST
Budget 2021: Good economics is good politics, this Budget will be game changer, says BJP spokesperson
Addressing a press conference at the BJP headquarters here, Agarwal along with the party's other spokesperson Zafar Islam said the Index of Industrial Production (IIP) figures and labour force participation also point that the economy is witnessing a 'V' shaped recovery.
Jan 28, 2021, 18:09 PM IST
Aluminium industry seeks duty protection in Budget to check dumping
In a set of pre-budget recommendations, the industry, represented by the Aluminium Association of India (AAI), has said that the challenges coming from rising imports, declining domestic market share, and increasing production and logistics costs need to be mitigated soon and in this regard, it is essential that the aluminium sector gets duty protection on imports of finished products and relief in case of raw materials.
Jan 22, 2021, 15:24 PM IST
IPOs soak liquidity before an imminent sell-off
The rush for IPOs in January in the beginning of 2021 is being linked to the momentum in the market which is a follow through from 2020, which saw an unstoppable bull run in the stock market breaking all the records.
According to a report by IDFC Mutual Fund, in March last year, market cap to GDP hits hit its lowest level since the 2008-09 GFC.
Jan 22, 2021, 15:20 PM IST
Tax saving infra bonds may make comeback, provide savings options for salaried
The proposal that is being examined would be akin to the provisions contained in Finance Bill 2010 that allowed additional deduction of Rs 20,000 for investment in long-term infrastructure bonds for one year (2011-12), though a higher quantum of deductions may also be considered.
Jan 22, 2021, 15:11 PM IST
NBFCs seek continued liquidity support in upcoming Budget
To mitigate the impact of COVID-19 on NBFC sector, the government and Reserve Bank of India (RBI) have announced various schemes such as the Partial Credit Guarantee Scheme (PCGS), Targeted Long-Term Repo Operations (TLTRO) and Special Liquidity Scheme (SLS). In its pre-budget memorandum submitted to Finance Minister Nirmala Sitharaman last month, Finance Industry Development Council (FIDC) said bank funding of small and medium NBFCs has been a challenge due to various reasons, especially during the last two years.
Jan 21, 2021, 16:06 PM IST
Budget 2021: Income or no income, you are bound to pay THIS tax to government; Know how and why
Several initiatives have been taken by the CBDT for bringing in efficiency and transparency in the functioning of the IT Department which includes bringing more transparency in official communication through the newly introduced Document Identification Number (DIN) wherein every communication of the Department would carry a computer generated unique document identification number. IT Department has moved forward with prefilling of income tax returns to make compliance more convenient for individual taxpayers.
Jan 21, 2021, 15:16 PM IST
Budget 2021 to be announced on February 1: Here's what could be in store for the Pandemic-hit middle class
FM Sitharaman had announced that the new personal income tax regime for those do not go for any deductions and exemptions, the rate will be 10 percent for those earning between Rs 5 lakh-7.5 lakh per annum against the present rate of 20 percent. Those earning between Rs 7.5 lakh to 10 lakh per year will be able to pay tax at a rate of 15 per cent against the current 20 per cent subject to the condition that they do not opt for any deductions and exemptions under the various sections of Income Tax Act.
Jan 19, 2021, 10:53 AM IST
Pandemic-hit tourism & hospitality sector looks forward for fair deal in Budget
The federation has also asked for industry status for the tourism industry across the country, by putting it in the concurrent list, it added. To ensure that there is a shared tourism vision across the Centre and states, industry has also proposed creation of a National Tourism Council of Chief Ministers headed by the Prime Minister along with the tourism minister, Federation of Associations in Indian Tourism and Hospitality (FAITH) said in a statement.
Jan 15, 2021, 17:47 PM IST
Prioritise spending, boost infrastructure, sell PSUs: Raghuram Rajan on Budget
The upcoming Budget for the fiscal year beginning April 1 should look to provide "relief to the poorer households and small and medium enterprises," he said. Finance Minister Nirmala Sitharaman will on February 1 present the budget for the 2021-22 fiscal year that is expected to set course for economic pick-up after the COVID-19 carnage. Rajan said the resources needed for boosting spending can be found from selling public sector units (PSUs).
Jan 15, 2021, 17:43 PM IST
