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
Union Budget 2021: FM made a special announcement for home loan; here's what she said
Union Minister for Finance and Corporate Affairs presented the Union Budget for the year 2021-22 on Monday (February 1) in the lower house of the parliament. The Finance Minister proposed to extend the eligibility period for a claim of the additional deduction for the interest of Rs. 1.5 lakh paid for a loan taken for the purchase of an affordable house to 31st March 2022.
Feb 01, 2021, 19:23 PM IST
Union Budget 2021: Scrappage policy to boost auto sector to be announced in 15 days, says Nitin Gadkari
The Union Finance Minister Nirmala Sitharaman announced voluntary vehicle scrapping policy with the aim to phase out old and polluting vehicles. The Road Transport, Highways and MSMEs Minister Nitin Gadkari welcomed the policy saying it will lead to new investment and create jobs.
Feb 01, 2021, 19:12 PM IST
Union Budget 2021-22: Tier-2 cities, peripheral areas of Tier-1 cities to get 'MetroLite' and 'MetroNeo'
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman presented the Union Budget for the year 2021-22 in the lower house of the parliament on Monday (February 1). The public transport system in urban areas got a major boost in the Budget.
Feb 01, 2021, 18:48 PM IST
Union Budget 2021-22: Rs. 35,000 crore allocated for Covid-19 vaccine
Development of COVID-19 vaccines found a pride of place in the Union Budget. Rs. 35,000 crore have been allocated for COVID-19 vaccine in BE 2021-22. “I am committed to provide further funds if required”, the Finance Minister further said.
Feb 01, 2021, 18:01 PM IST
Union Budget 2021-22: FM Sitharaman makes key announcements on LIC IPO, disinvestment
Unveiling the Disinvestment/Strategic Disinvestment Policy, Sitharaman said four sectors -- Atomic energy, Space and Defence; Transport and Telecommunications; Power, Petroleum, Coal and other minerals; and Banking, Insurance and financial services -- would be strategic sectors.
Feb 01, 2021, 17:53 PM IST
Union Budget 2021-22: FM proposes increase of 137 per cent in Budget for Health and well-being
The World Health Organisation has repeatedly stressed the importance of clean water, sanitation, and clean environment, as a prerequisite to achieving universal health, the Budget has made a significant allocation to these sectors.
Feb 01, 2021, 17:33 PM IST
Union Budget 2021: FM Nirmala Sitharaman sets the tone for AtmaNirbhar Bharat, post-COVID recovery
Laying a vision for AatmaNirbhar Bharat in the Union Budget 2021, she said this is an expression of 130 crore Indians who have full confidence in their capabilities and skills. Additionally, also on the path to fast-implementation are the 13 promises of Budget 2015-16-which were to materialize during the AmrutMahotsav of 2022, on the 75th year of our Independence. They too resonate with this vision of AatmaNirbharta.
Feb 01, 2021, 17:20 PM IST
Union Budget 2021-22: Revision in 'small companies' definition, know more
Union Minister for Finance & Corporate Affairs Nirmala Sitharaman presented the Union Budget FY 2021-22 in the lower house of the parliament on Monday (February 1). Finance Minister proposed reforms for small companies and MSMEs to strengthen Startup ecosystem while presenting Union Budget 2021-22 in Parliament.
Feb 01, 2021, 17:12 PM IST
Union Budget 2021-22: New roads and highway projects announced by FM Sitharaman
Sitharaman further said the government would award 8,500 kms of road projects and an additional 11,000 kms of national highway corridors by March 2022 and also announced an Rs 18,000-crore scheme to augment public transport in urban areas.
Feb 01, 2021, 17:11 PM IST
Union Budget 2021-22: FM Sitharaman proposes 9 measures for Agriculture, allied sectors
To provide adequate credit to our farmers, the Finance Minister enhanced the agricultural credit target to Rs 16.5 lakh crore in FY22. Smt. Sitharaman further said that the Government will focus on ensuring increased credit flows to animal husbandry, dairy, and fisheries.
Feb 01, 2021, 17:03 PM IST
Union Budget 2021-22: National Research Foundation outlay to be Rs. 50,000 crore, over 5 years
Finance Minister Nirmala Sitharaman proposed an outlay of Rs. 50,000 crore for the National Research Foundation spread for the next five years. Finance Minister Nirmala Sitharamn said, "It will ensure that the overall research ecosystem of the country is strengthened with focus om identified national-priority thrust areas."
Feb 01, 2021, 16:56 PM IST
Budget 2021: Agri cess in, levies on auto fuels altered, excise duty reduced
Union Finance Minister Nirmala Sitharaman on Monday (February 1) announced that the levies on petrol and diesel have been altered. The announcement was made in the Union Budget 2021-22 and the alterations will be applicable from April 1, 2021.
Feb 01, 2021, 16:27 PM IST
Union Budget 2021-22 Summary: Here's the complete overview of Budget
The Finance Minister said that for a USD 5 trillion economy, our manufacturing sector has to grow in double digits on a sustained basis. Our manufacturing companies need to become an integral part of global supply chains, possess core competence and cutting-edge technology
Feb 01, 2021, 16:24 PM IST
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: 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
