‘Kisan Rail’ services may be expanded in Union Budget 2021 to reach farmers
The 'Kisan Rail' scheme has benefited many farmers and the government is looking to expand this scheme in the financial year 2021-22
Jan 09, 2021, 00:53 AM IST
MFIs pitch for issuance of tax free social bonds by NABARD, SIDBI
In a pre-Budget memorandum to the Finance Ministry, Sa-Dhan, the association of microfinance sector, also made a case for introduction of credit guarantee scheme and refinance facility for MFIs.
Jan 08, 2021, 13:26 PM IST
Lower tax burden on partnership firms, impose special duty on etailers: Traders' body urges govt
The traders' body also claimed that the online retailers have experienced a surge in their revenue and reported sales of USD 4.1 billion in a week of October 2020 during the festive season.
Jan 08, 2021, 13:26 PM IST
Budget: Steel sector seeks relief in customs duty on key raw materials
The non-availability of these items in good quality and quantity hinders the growth of the steel industry, industry body Confederation of Indian Industry (CII) said in its Budget recommendations for the sector. The basic customs import duty on anthracite coal is 2.5 per cent. The availability of the said item in "good quality" is declining in the country and the steel industry may have to become totally dependent on import of these on a regular basis, the body said while suggesting a reduction in import duty to nil.
Jan 08, 2021, 13:26 PM IST
Budget to set course for economic pick up after COVID carnage
India, which had in 2019 overtaken the UK to become the fifth-largest economy in the world, was knocked off course somewhat due to the carnage. The projected GDP growth does indicate that the worst is over, but it still does not indicate whether the economy has recovered the lost ground and/ or surpassed it," it said, adding the economy will be able to just recover the lost ground in FY22 and surpass the FY20 GDP level in a meaningful way only in FY23.
Jan 08, 2021, 13:25 PM IST
PM Modi's important meeting with economists & experts before general budget
PM Modi will discuss the upcoming general budget with leading economists and experts from various fields on Friday. This virtual meeting has been organized by NITI Aayog. The meeting assumes significance as according to the Reserve Bank of India (RBI), India's economy is projected to contract 7.5 per cent in the current fiscal ending March 31, 2021, while the International Monetary Fund (IMF) and World Bank estimates the contraction at 10.3 per cent and 9.6 per cent, respectively.
Jan 08, 2021, 10:34 AM IST
Union Budget 2021: PM Narendra Modi to interact with leading economists on Friday
The upcoming Union Budget is likely to be presented on February 1, 2021.
Jan 06, 2021, 15:16 PM IST
Union Budget 2021-22: FM Nirmala Sitharaman concludes pre-Budget meetings
More than 170 invitees representing 9 stakeholder groups participated in 15 meetings scheduled during this period.
Dec 24, 2020, 10:33 AM IST
Budget 2021-22: FM Nirmala Sitharaman holds 6th pre-budget consultations with representatives of social sector
Nirmala Sitharaman on Monday held pre-budget consultations with top industrialists in the national capital ahead of the forthcoming Union Budget 2021-22.
Dec 17, 2020, 21:01 PM IST
Budget 2021-22: FM Nirmala Sitharaman says it 'will have vibrancy to ensure economic revival'
The Budget for 2021-22 fiscal is expected to be tabled in Parliament on February 1
Dec 16, 2020, 02:20 AM IST
Union Budget 2021: Will ask govt to make employers' contribution, tier-II account tax free for all: PFRDA
"There is this tier-II NPS account which was made tax free exclusively for the central government employees recently. So there also, we would request the government to give the facility to all the subscribers. In the tax-free tier II account we are keeping a lock-in period of 3 years because you are getting the tax-free status...And we want it to be extended to all the other employees," he added.
Nov 16, 2020, 09:45 AM IST
Finance Ministry kickstarts Budget making exercise amid COVID-19 pressure
The Finance Ministry kicked off the exercise to prepare the annual Budget for 2021-22 amid the urgency to push economic growth hit by the COVID-19 pandemic.
Oct 17, 2020, 02:26 AM IST
