Union Budget 2021
- Yahoo Finance
A change in the concessional tax regime will increase the take home salary of salaried individuals and leave more money in the hands of professionals.
- Yahoo Finance
Finance Minister Nirmala Sitharaman will be presenting Modi 2.0’s third budget amid unprecedented times on February 1.
New Delhi [India], January 21 (ANI): Ahead of the forthcoming budget session of Parliament, Opposition parties are likely to meet to decide whether they will attend the customary all-party meeting, called Prime Minister Narendra Modi on January 30, or not.
Top gainers in the BSE pack included Bajaj Auto, Bajaj Finance, Bajaj Finserv, HCL Tech, Reliance Industries and Asian Paints with their shares rising as much as 1.43 per cent.
Union Budget 2021: Provide grants, investments in new methods of production, automation to cut dependency on imported tech
Finance Minister Nirmala Sitharaman should look at all fields more objectively with a focus on science and technology research in industries.
It’s important for the government to provide taxpayers full value for their various essential expenses such as insurance premiums.
Union Budget 2021: Govt should rationalise safe harbour margins, lower interest rates on loans to boost ITeS, KPO, software development
The government on its part has played a critical role in augmenting the reach of IT services across India in various areas such as digital payments, infrastructure support and digital governance.
Union Budget 2021: Timely dissemination of vaccine, easy financial conditions may trigger growth in economy
With the near-term math upended by the pandemic, a realistic roadmap would be a timely guidepost to aid the Centre and states formulate their deficit and debt targets over the next 3-5 years.
- ET Now
The Fertilizer and chemicals ministry has sought an additional urea subsidy of Rs 80,000 Cr in the upcoming Union Budget. This is over and above the Rs 65,000, Cr subsidy announced under Aatmanirbhar Bharat in November 2020. Sources tell ET Now that the Centre may also opt for a Direct Benefit Transfer scheme route to grant this additional subsidy to farmers rather than granting it to the fertilizer companies. The government had implemented a DBT scheme for LPG subsidies so that the subsidy amount directly reaches genuine beneficiaries. The Centre is currently mulling over a proposal submitted by the Fertilizer ministry in June 2020 where farmers as beneficiaries could directly receive the amount in order to buy fertilizers through their bank accounts by PM Kisan scheme. Under current practice, government transfers subsidy amounts to fertilizer companies which results in an extended bill verification process and hence delayed payments to farmers.
Indian American Neera Tanden has been picked as budget chief by Joe Biden. She is the first woman of colour to hold the post.