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: 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: FM Nirmala Sitharaman allocates Rs 1.15 lakh crore package for Indian Railways; check key announcements
In terms of priorities, Sitharaman announced the commissioning of Eastern and Western Dedicated Freight Corridors and basically the whole idea is to bring down the cost of logistics to promote Atma Nirbhar Bharat. Both the corridors will be commissioned by June 2022.
Feb 01, 2021, 13:09 PM IST
Union Budget 2021: Major disappointment for individual taxpayers! No change in tax slab
In FMs's other major announcements under taxation, Sitharaman said that the government proposes to make income tax appellate tribunals faceless. It will set up national income tax appellate tribunal centre. The government has also cut timeline for reopening of tax cases to 3 years from 6 years.
Feb 01, 2021, 13:02 PM IST
Union Budget 2021: FM Nirmala Sitharaman emphasizes on six pillars of economy in her speech
Sitharaman, who had in her first budget in 2019 replaced leather briefcase that had been for decades used for carrying budget documents with a traditional red cloth 'bahi-khata', had earlier this month stated that the budget for the fiscal year beginning April will be "like never before".
Feb 01, 2021, 12:08 PM IST
Budget 2021 highlights: Check key points of Union Budget 2021-22
Union Finance Minister Nirmala Sitharaman on Monday (February 1) announced a package of totalling Rs. 27.1 lakh to deal with COVID-19 pandemic under Atmanirbhar Package while presenting the Union Budget 2021 in the lower house of Parliament. This is the first paperless budget in the history of independent India.
Feb 01, 2021, 12:03 PM IST
Union Budget 2021: FM Sitharaman dons red saree for budget presentation; replaces traditional 'bahi khata' with red tab
On the first day of the budget session of Parliament, FM Sitharaman on Friday tabled the pre-budget Economic Survey for 2020-21, which projected a 'V'-shaped recovery for the economy in the next financial year. The economy is projected to contract by 7.7 per cent in the current fiscal ending March 31, 2021 and expanding by 11 per cent in the next.
Feb 01, 2021, 10:56 AM IST
From 'Made in India' tabs replacing Swadeshi 'bahi khata' to Puja ahead of Budget; here are top developments
India has been among the worst-hit major economies due to the lockdown, with the economic growth contracting by a massive 23.9 percent year-on-year (YoY) in the June 2020 quarter, the first GDP contraction in over 40 years.
Feb 01, 2021, 10:51 AM IST
Union Budget 2021 Live Updates: We chose to spend big on infrastructure and healthcare sector, says FM Sitharaman
As India emerges from the COVID-19 crisis, the ninth budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
Feb 01, 2021, 09:10 AM IST
Budget 2021: Sitharaman's 'Economic Vaccine' coming today; Will Budget 2021-22 go beyond 'bahi-khata'?
The budget will come as an economic vaccine for the pandemic-battered economy and steer India with the much-needed stimulus to boost demand, consumer confidence and at the same time boost the purchasing power of the people, the Indian Chamber of Commerce (ICC) said.
Feb 01, 2021, 08:20 AM IST
Union Budget 2021 to be announced by FM Sitharaman today: Time, complete schedule 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.
Feb 01, 2021, 07:46 AM IST
Budget 2021: Five money saving announcements expected from FM Nirmala Sitharaman’s speech
The ailing economy has led to the rise in expenses and the axing of income and individual taxpayers are looking for some sign of relief. Some experts suggest that Section 80C needs further enhancement in terms of its limit and they are anticipating an increase in Section 80 C limit to Rs 3 lakh from the existing limit of Rs 1.5 lakh, last changed in.
Jan 31, 2021, 20:31 PM IST
Budget 2021 classroom: 10 ways to save income tax other than 80C
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, 19:26 PM IST
Budget 2021 classroom: When FM Nirmala Sitharaman replaced red suitcase with four-fold red cloth
The echoes are growing stronger for certain expectations from the Union Budget 2021-22 to be presented by Finance Minister Nirmala Sitharaman. Everybody will be glued to their TVs to know if the budget goes beyond the 'Bahi-Khata' or not. Let’s look at some of the interesting details about the Union Budget
Jan 31, 2021, 18:26 PM IST
Union Budget 2021: Invest Rs 50,000 in NPS and get additional tax benefits over and above Rs 1.5 lakh under section 80C
Any individual citizen of India (both resident and Non-resident) in the age group of 18-65 years (as on the date of submission of NPS application) can join NPS. Although, opening multiple NPS accounts for an individual is not allowed under NPS, an Individual can have one account in NPS and another account in Atal Pension Yojna.
Jan 31, 2021, 18:15 PM IST
Budget 2021 classroom: Here's all about Shanmukham Chetty, the 1st Finance Minister of independent India
Finance Minister Nirmala Sitharaman will present the Union Budget for the year on Monday (February 1). The entire nation has huge expectations on the change in policies amid the slowdown in the economy due to the pandemic. Let's take a look the historical facts about Union Budget in India.
Jan 31, 2021, 18:13 PM IST
Budget 2021 likely to focus on growth, structural reforms: Report
Its house economists expect these spends to be funded by debt and partly by imposing a cess on high income groups and also by some non-fiscal measures like tapping the central bank''s revaluation reserves and bank recapitalisation and infra bonds.
Jan 31, 2021, 17:27 PM IST
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: 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
