Union Budget 2021: Government to launch Securities Markets Code, to develop an investor charter
In order to instil confidence amongst the participants in the Corporate Bond Market during times of stress and to generally enhance secondary market liquidity, Union Budget 2021-22 proposes to create a permanent institutional framework. The proposed body would purchase investment grade debt securities both in stressed and normal times and help in the development of the Bond Market.
Feb 01, 2021, 15:40 PM IST
Union Budget 2021: PLI schemes announced for 13 sectors
In October last year, the Ministry of Electronics and IT had approved the applications of Samsung, Foxconn Hon Hai, Pegatron, Rising Star and Wistron from among the international applicants for manufacturing of mobile phones in India under the PLI scheme.
Feb 01, 2021, 15:40 PM IST
Indian budget to provide financial support worth Rs 6251 crore to 10 countries in the region
The highest assistance goes to Bhutan on expected lines, with New Delhi announcing Rs 2884.65 cr to the country--2052.37 in form of grant and 832.28 cr in form of loan. Second highest amount goes to Indian ocean Island country of Mauritius at Rs 1025 cr. Nepal gets Rs 800 cr, and budget estimates of FY2021-2022 see an increase to Rs 992 cr.
Feb 01, 2021, 15:31 PM IST
Union Budget 2021: Elderly people above 75 years will not have to pay any tax
Finance Minister Nirmala Sitharaman is presenting the union budget 2021 in Parliament.
Feb 01, 2021, 15:26 PM IST
Union Budget 2021: Social security net for gig and platform workers, says FM Nirmala Sitharaman
The finance minister also noted the labour reforms done by the government where the majority of labour laws were concised into four broad codes on wages, industrial relation, social security and occupational safety, health & working conditions. Sitharaman further informed that the one nation, one ration card plan is under implementation in 32 states, 1 union territory.
Feb 01, 2021, 15:16 PM IST
Union Budget 2021: FDI limit in insurance sector increased from 49% to 74%
The Finance Minister stated that an Asset Reconstruction Company Limited and Asset Management Company would be set up to consolidate and take over the existing stressed debt and then manage and dispose off the assets to Alternate Investment Funds and other potential investors for eventual value realization. The move will help the Public Sector Banks to manage their stressed assets.
Feb 01, 2021, 15:15 PM IST
From 'disappointing' to 'development-oriented,' here’s how political leaders reacted to Union Budget 2021
BJP on Monday hailed the Union budget and said that it will provide a major boost to India's infrastructure, agriculture and healthcare. Congress strongly criticised the Union Budget, saying FM's speech was oblivious to the declining GDP and the budget was a case of "wrong diagnosis and prescription".
Feb 01, 2021, 15:11 PM IST
Union Budget 2021: One Nation, One Ration card scheme across the country
Finance Minister Nirmala Sitharaman is presenting the union budget 2021 in Parliament.
Feb 01, 2021, 15:06 PM IST
Union Budget 2021: The next census will be done digitally
Finance Minister Nirmala Sitharaman is presenting the union budget 2021 in Parliament.
Feb 01, 2021, 15:02 PM IST
Union Budget 2021: All workers will be brought under the purview of ESI
Finance Minister Nirmala Sitharaman is presenting the union budget 2021 in Parliament.
Feb 01, 2021, 14:58 PM IST
Union Budget 2021: Fiscal deficit estimated at 9.5% of GDP in 2020-21
Finance Minister Nirmala Sitharaman is presenting the union budget 2021 in Parliament.
Feb 01, 2021, 14:56 PM IST
Union Budget 2021: Mobile and its charger will be expensive
Finance Minister Nirmala Sitharaman is presenting the union budget 2021 in Parliament.
Feb 01, 2021, 14:54 PM IST
Union Budget 2021: Leather products will be cheaper
Finance Minister Nirmala Sitharaman is presenting the union budget 2021 in Parliament.
Feb 01, 2021, 14:52 PM IST
Union Budget 2021: Voluntary vehicle scrapping policy announced to phase out old vehicles
The Union Budget 2021-22 proposals rest on six pillars: Health and well-being, physical and financial capital and infrastructure, inclusive development for aspirational India reinvigorating human capital innovation and R&D minimum government, maximum governance.
Feb 01, 2021, 14:12 PM IST
Sensex rallies nearly 1000 points as Finance Minister Nirmala Sitharaman presents budget
The BSE benchmark Sensex rallied nearly 1,000 points led by gains in financial stocks in the afternoon session on Monday (February 1) as Finance Minister Nirmala Sitharaman presented the Union Budget 2021-2022 in Parliament. On the currency front, the rupee was trading 6 paise lower at 73.02 against the US dollar.
Feb 01, 2021, 14:09 PM IST
Union Budget 2021: List of items that will be cheaper and dearer now
Union Finance Minister Nirmala Sitharaman on Monday unveiled the Union Budget for the fiscal year 2021-22 that aims to shore up an economy badly-hit by the novel coronavirus pandemic. Based on the announcement made by FM Nirmala Sitharaman, the following items will now become Costlier ( Electronics item, Mobile, Mobile Charger, Leather shoe, Kabuli chana) and Cheaper (Iron & Steel, nylon clothes, copper items, Insurance, Electricity, steel utensils & gems).
Feb 01, 2021, 14:07 PM IST
Union Budget 2021: No tax on start up till 31 March 2022
Finance Minister Nirmala Sitharaman is presenting the union budget 2021 in Parliament.
Feb 01, 2021, 13:48 PM IST
Union Budget 2021: Agri cess of Rs 2.5/litre on petrol, Rs 4/litre on diesel
The last few increases in pump prices in petrol and diesel has taken its price to record levels across the country in all major metro cities and other towns. The last time the retail price of auto fuels were closer to current levels was on October 4, 2018 when crude prices had shot up to $80 a barrel.
Feb 01, 2021, 13:43 PM IST
Union Budget 2021: A general insurance company will be privatized
Finance Minister Nirmala Sitharaman is presenting the union budget 2021 in Parliament.
Feb 01, 2021, 13:40 PM IST
Union Budget 2021: 22 thousand crore rupees to be invested in government banks
Finance Minister Nirmala Sitharaman is presenting the union budget 2021 in Parliament.
Feb 01, 2021, 13:14 PM IST
