Budget 2021 classroom: Here's all about James Wilson, the man who created India's first-ever Budget
Born in Hawick, a small border town in Scotland in 1805, Wilson first came to India on November 28, 1859, and he was appointed finance member in Viceroy Lord Canning's council in undivided India and the British government ruling India then was reeling under a huge financial crisis.
Jan 31, 2021, 16:05 PM IST
Budget 2021 classroom: What is Budget and what are the types of Union Budget?
As per Article 112 of the constitution, a union budget is basically the statement of the estimated receipts and expenditure of the government. Also known as the annual financial statement of the government, the union budget keeps the exact count of its finances from April 1 to March 31.
Jan 31, 2021, 14:47 PM IST
Budget 2021: Mid-level professionals spell out expectations
IndiIET recently released findings from its report "Voices from the Ground: The Unheard Impact of COVID-19 on India`s Workforce." The report captures the concerns regarding the uncertainties post-COVID-19 on India`s workforce across sectors and various career stages.
Jan 31, 2021, 13:52 PM IST
Budget 2021: Smartphone industry seeks more budgetary allocation, reduction in GST
The government is also expected to further push its ambitious ‘Make In India’ programme to the electronics manufacturing and export hub. Mobile phone and component manufacturers on the other hand expect export incentives and lower GST on mobile parts to achieve the government's vision.
Jan 31, 2021, 13:44 PM IST
Govt may announce new scheme for revival of discoms to achieve 24X7 power for all
The government may announce a new scheme for cash-strapped and loss-making electricity distribution utilities to reduce stress in the sector and achieve the goal of '24X7 Power for All', a source said. The Centre in November 2015 introduced the UDAY (Ujjwal DISCOM Assurance Yojana) scheme for the revival of the debt-laden discoms.
Jan 31, 2021, 13:42 PM IST
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
Budget 2021 classroom: What is gross total income and total income? Know the difference
With just two days remaining for the Union Budget to be presented in the Parliament, certain terms and jargons needs a revision for the taxpayers. One such popular jargon we shall be discussing in the Budget 2021 classroom is gross total income and total income.
Jan 29, 2021, 19:12 PM IST
Union Budget: MPs to be served food from this 5-star hotel on Feb 1, check out menu and prices
During the presentation on the Union Budget on February 1, the India Tourism Development Corporation will serve food to the parliamentarians. The food will be cooked by expert chefs from this five-star hotel for the MPs. Apart from platters, an 'A la carte' menu will also be featured.
Jan 29, 2021, 14:10 PM IST
Union Budget 2021: Date, time, and where to watch Live Streaming
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 28, 2021, 18:58 PM IST
Budget 2021: Sanitaryware industry seeks tax rationalisation to boost demand
"A push for the revival of the economy is the key expectation from the Union Budget 2021. From an affordable housing perspective, corrective measures, which can ease out the liquidity challenges and improve home buying sentiments, will be critical," Jaquar Group promoter and director Rajesh Mehra said.
Jan 28, 2021, 18:21 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
These 5 rules impacting your everyday life are changing from February 2021
Since these rules are going to affect your everyday life, it is important to know more about these changes in detail. These rules range from LPG Cylinder prices, PNB ATM Cash withdrawal, mandatory fastags to name a few. Here are the rules that are going to change from February 2021.
Jan 28, 2021, 11:37 AM IST
Indian economy to come out stronger after the recovery from pandemic
Alongside that, nearly 60% of respondents, 18 of 31, who responded to an additional question in the Jan. 13-25 poll said India`s federal budget, due on Feb. 1, would help a significant economic recovery in financial year 2021/22 and has already sent stocks to record highs.
Jan 27, 2021, 20:37 PM IST
Sentiment in real estate looks positive for the next 6 months, says report
"As we begin our journey into 2021 with a positive outlook, it is important to closely watch the performance of the key economic indicators in the coming months to check the sustainability of the growth seen in the last two quarters of 2020," Baijal said.
Jan 27, 2021, 20:23 PM IST
Budget 2021: IMF favours extension of pandemic support measures
Gopinath said that there has to be progress made on the GST (Goods and Services Tax) collections. There seems to be a gap with compliance which is an important area to fix.GST collections surged to an all-time high of over Rs 1.15 lakh crore in December 2020 as economic activities picked up after the lifting of stringent lockdown restrictions.
Jan 27, 2021, 20:07 PM IST
Earn an Additional Income with Binomo – An Honest Trading App
Now in India, Binomo trading opens up doors of opportunity for an additional income. Binomo is an honest trading app that focuses on learning the skills of online trading.
Let’s learn what online trading is and how you can do it on Binomo.
Jan 27, 2021, 15:16 PM IST
Union Budget 2021-22: Final stage commences with 'Halwa' Ceremony; mobile app launched to provide information
The Halwa ceremony, marking the final stage of the Budget making process for Union Budget 2021-22, was held in Delhi's North Block on Saturday in the presence of Union Finance & Corporate Affairs Minister Nirmala Sitharaman. A customary Halwa ceremony is performed every year before the 'lock-in' process of Budget preparation begins.
Jan 23, 2021, 23:52 PM IST
