हिन्दी मराठी বাংলা தமிழ் മലയാളം ગુજરાતી తెలుగు ಕನ್ನಡ ਪੰਜਾਬੀ

Union Budget 2021

Budget 2021: Tax saving infra bonds to provide savings options for salaried class may make comeback

The proposal that is being examined would be akin to the provisions contained in Finance Bill 2010 that allowed an 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, 17:23 PM IST

IRCTC to resume E-Catering service from next month; check how to avail it

The IRCTC started this E-catering service in 2014 whereby passengers could order food of their choice from reputed brands as well as popular regional and local delicacies on phone or online while traveling on trains and get the same delivered to their seats at a railway station. The IRCTC is ready to resume the E-catering service on trains shortly in a phase-wise manner.

Jan 22, 2021, 17:12 PM IST

Budget 2021: Ready-to-eat meals akin to airline services for Railway passengers in the offing

The government is planning to implement this model in the Railways as it has been successful in the airline industry. Sources told Zee Media, the Railway Minister is eager to implement this scheme as soon as possible.

Jan 22, 2021, 17:09 PM IST

Budget 2021: Salary or no salary, you are bound to pay THIS tax to govt – Details here

The Union Budget 2021-22 will be presented on February 1 while the Budget session of Parliament will begin on January 29 with the address of President Ram Nath Kovind to the joint sitting of both the Houses.

Jan 22, 2021, 16:40 PM IST

Budget 2021: All-party meet on January 30 ahead of Budget Session

The Centre has invited leaders of all political parties in both the Houses to the proposed meeting slated to begin at 11.30 am through videoconference. Sources said the National Democratic Alliance parties too will meet on the same day.

Jan 22, 2021, 16:22 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

Centre convenes all-party meet on January 30 ahead of Budget session

Jan 22, 2021, 15:14 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

India within striking distance of attaining positive growth: RBI

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 economy contracted by a massive 23.9 per cent in the first quarter and 7.5 per cent in the second quarter on account of the COVID-19 pandemic.

Jan 21, 2021, 16:03 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

Naredco seeks hike in deduction on home loan interest to Rs 5 lakh in upcoming Budget

The association also sought incentives for rental housing and more stress funds to help complete distressed and stalled projects. "Last three years have been extremely difficult for the real estate industry. The reforms like demonetisation and realty law RERA as well as the liquidity challenges in the NBFCs post-IL&FS crisis hit demand. The industry went through tough times," Naredco National President Niranjan Hiranandani told reporters through a video conference.

Jan 15, 2021, 17:40 PM IST

Railway Budget 2021: Will there any big bonanza for Indian Railways? Here's what's in store

For the Rail Budget, the government may this year focus more on private trains. Sources told Zee Media that as compared to last fiscal, Railway Budget might just get a 3-5 percent budgetary increase. For the next fiscal, the Railway Ministry has outlined a Budgetary expense of Rs 1.80 lakh crore. Sources added that the Finance Ministry officials have cited that the impact of COVID has been so huge that this demand by the Railways may not be fulfilled.

Jan 15, 2021, 17:01 PM IST