Union Budget 2022: Forthcoming Budget expected to provide much-needed impetus to economy, says Muthoot Finance MD
It will be important to keep an eye on sops for the micro, small & medium enterprises (MSME) sector, tax rebates for MSMEs/small business, and housing segments, Muthoot Finance MD said.
Dec 30, 2021, 10:14 AM IST
FinMin invites public suggestions for Budget 2022; Here's how to share ideas with govt
Every year, the Department of Economic Affairs, Ministry of Finance, welcomes citizen recommendations to make the budget-making process more participatory and inclusive.
Dec 26, 2021, 19:21 PM IST
Centre seeks comments on proposed changes to insolvency law ahead of Budget 2022-23
The Central government has invited comments on several amendments proposed to the insolvency law.
Dec 23, 2021, 18:43 PM IST
Finance Minister Nirmala Sitharaman concludes pre-Budget meetings
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman chaired the pre-budget consultation meetings for Budget 2022-2023 held in virtual mode from December 15 to 22, 2021.
Dec 22, 2021, 21:15 PM IST
Union Budget should create enabling environment to sustain growth, says CII
The CII also sought clarification on the tax treatment for the Hybrid Annuity Model (HAM) of construction contracts.
Dec 08, 2021, 10:17 AM IST
Prime Minister Narendra Modi to address session on using education for ‘Atmanirbhar Bharat’
Prime Minister Narendra Modi will on Wednesday address a session at 10:30 AM to discuss the importance of education, research and skill development in helping the country become self-reliant.
Mar 03, 2021, 08:40 AM IST
PM Modi to address webinar for consultation on roadmap for effective implementation of Union Budget 2021-22 in infra sector
The Prime Minister's Office said that the webinar will witness the participation of more than 200 panellists including representatives of major financial institutions and funds, concessionaires & contractors, consultants and subject matter experts. PM Modi's address will begin at 4 PM.
Feb 16, 2021, 00:05 AM IST
Budget 2021-22 provides strong stimulus for long term sustainable growth: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman attacked former FM and senior Congress leader P Chidambaram for suspecting the Budget numbers without mentioning his name. She said, "What you get as Budget is what you get in it. No pushing anything under the carpet..."
Feb 12, 2021, 19:13 PM IST
Union Budget 2021 gave wrong message to China: Rahul Gandhi, asks PM Modi to take quick action to revive economy
Rahul Gandhi said, "It (conditions) requires that the prime minister put money immediately into the hands of our people and revive the economy, it requires that he protects the small and medium businesses who give us jobs...It requires a clear message to China that 'you cannot do this with us, you cannot be sitting inside our land and expect that nothing is going to happen."
Feb 03, 2021, 21:10 PM IST
Travel in world class Metro Lite, Metro Neo Transport to be a reality soon in tier-2, tier-1 peripheral areas
The FM announced Rs 1,10,055 crore for Railways of which Rs 1,07,100 crore is for capital expenditure. National Rail Plan for India (2030): to create a ‘future ready’ Railway system by 2030, 100% electrification of Broad-Gauge routes to be completed by December, 2023, FM said.
Feb 03, 2021, 14:49 PM IST
Modi Govt allocates Rs 18,000 crore to improve Public Transportation, to buy 20,000 new buses
State government will send proposal to central government for buying buses. The Center will pay money for both buying the bus and running the bus, i.e. includes both CAPEX and OPEX.
The scheme will boost the automobile sector, provide fillip to economic growth, create employment opportunities for the youth and enhance ease of mobility for urban residents.
Feb 03, 2021, 14:29 PM IST
Budget 2021: From new and old tax regime to interest on PF, 5 major announcements to impact your personal finance
In what could come as a major disappointment for individual taxpayers, Finance Minister Nirmala Sitharaman has not announced any changes in the tax slab in the Union Budget 2021. The FM was widely expected to provide relief to the pandemic-hit common man for which her announcement on individual taxation was eagerly waited.
Feb 02, 2021, 18:19 PM IST
Income tax, what is that? Check out these 7 countries where people don't have to pay any Income Tax
Personal taxation is a part which touches every individual earner. But do you know there are certain countries which does not collect any tax on individual earning? Lets have a look at 7 countries where people don't have to pay any Income Tax.
Feb 02, 2021, 18:11 PM IST
Union Budget 2021 euphoria continues; Sensex soars nearly 1,200 points, Nifty tops 14,600
As India is emerging from the COVID-19 crisis, the ninth budget under the Modi government (including an interim one), the Finance Minister's prime target is to boos spending on job creation and rural development, generous allocations for development schemes and easing rules to attract foreign investments.
Feb 02, 2021, 17:11 PM IST
Union Budget 2021: Auto industry upbeat about vehicle scrappage policy, vows to work with govt for maximizing environmental benefits
Kenichi Ayukawa, President, Society of Indian Automobile Manufacturers (SIAM ) said that the vehicle scrappage scheme has a good intent and the auto industry would be keen to work with the Government on suggestions for maximizing benefits to environment and society.
Feb 02, 2021, 16:52 PM IST
Union Budget 2021: Here's all about relevant changes introduced for salaried taxpayers
FM Sitharaman, presenting the Union Budget 2021 has announced some relevant changes for salaried taxpayers ranging from tax on PF to pre-filled income tax forms to further extension of Sops for affordable Housing sector, all of which will have an impact on individual tax payers.
Feb 02, 2021, 16:11 PM IST
Union Budget 2021: New NEP hailed by education sector
FM in the Budget 2021 has announced that more than 15,000 schools will be qualitatively strengthened to include all components of the National Education Policy. They shall emerge as exemplar schools in their regions, handholding and mentoring other schools to achieve the ideals of the Policy. 100 new Sainik Schools will be set up in partnership with NGOs, private schools and states. 750 new Eklavya model residential schools will also be set up
Feb 02, 2021, 14:01 PM IST
Dalal street's big thumbs up! Sensex reclaims 50,000 over Budget euphoria
On Monday, Finance Minister Nirmala Sitharaman presented an expansionary Union Budget for 2021-22 which sought to pull the economy out of the pandemic-induced slump through increased spending on infrastructure, healthcare and farm sectors without resorting to higher taxation.
Feb 02, 2021, 11:56 AM IST
Union Budget 2021: Extension of tax sops for affordable housing to strengthen confidence among developers and homebuyers, say realtors
In order to increase the supply of affordable houses, she also announced extension of eligibility period for claiming tax holiday for affordable housing projects by one more year to 31st March, 2022. For promoting supply of affordable rental housing for the migrant workers, the Minister announced a new tax exemption for the notified affordable rental housing projects.
Feb 02, 2021, 10:59 AM IST
Industry leaders hail Union Budget 2021 for being pro-infrastructure and investment Budget
Industry leaders hailed the Union Budget 2021 for being pro-infrastructure and investment Budget.
Sanjay Palve, Senior Managing Director, Essar Capital Ltd, said that This is a ‘spend big’ budget with clear focus on banking and infrastructure sector which is exactly what the economy needed and in sectors that required it.
Feb 02, 2021, 10:01 AM IST
