Budget 2021: The Finance Minister announced the creation of a development finance institution - National Bank for Financing Infrastructure and Development, with a capital base of ₹20,000 crore
Budget 2021 Highlights: Allowing foreign investors to invest in debt of REITs increases the sources of capital, and could help further lower cost of debt for the REIT.
Railway Budget 2021: The operating ratio in railways means expenses as a portion of the revenue or the amount spent on every rupee earned by the railways
Budget 2021 Tax Highlights: In a major tax relief for senior citizens, Finance Minister Nirmala Sitharaman while presenting Budget 2021 announced that citizens aged 75 years and above, who only have pension and interest income are now exempted from filing the tax returns. In last year's budget, a major cut in the tax rates for the salaried class was announced, which, Ms Sitharaman said, was to simplify the tax regime in the country. However, this year, no major changes in corporate or personal income tax rates were announced.
Budget 2021: The government announced an allocation of Rs 1,500 crores to promote digital payments. The government also announced the setting up of National Digital Educational Architecture for supporting educational, governance and administrative activities.
Budget 2021: The Finance Minister announced the extension of the eligibility period for claiming tax holiday for affordable housing project by one more year to March 31, 2022.
Budget 2021: Out of the total allocation, Rs 1.35 lakh crore has been set aside for capital outlay for buying new weapons, aircraft, warships, and other military hardware.
Union Budget 2021: Finance minister Nirmala Sitharaman doubled healthcare spending to Rs 2,23,846 crore and set aside Rs 35,000 crore for developing two Covid vaccines
India's palm oil imports have been rising since December 2020 after the country had cut its import tax on the oil to 27.5 per centin late November.
Budget 2021: Finance Minister Nirmala Sitharaman presented Budget 2021 on February 1, 2021, in the Lok Sabha, aimed at reviving the economy battered by the coronavirus pandemic. Ms Sitharaman said that the country's healthcare spending would be doubled to Rs 2,23,846 crore and added that Rs 35,000 crore would be spent on COVID-19 vaccines. Budget 2021 also announced infrastructure projects for poll-bound states of West Bengal, Kerala, Tamil Nadu, and Assam. Amid the COVID-19 pandemic, the Finance Minister said that the budget was prepared in circumstances like never before.
The entities who opt for the scheme have to pay a requisite tax following which all litigation against them are closed by the tax department and penal proceedings dropped.
Budget 2021: As part of healthcare spending, Budget 2021 allocated Rs 35,000 crore for Covid-19 vaccine.
IOC operates a pipeline network of 14,600 kilometres with a capacity to transport 94.42 million tonnes per annum of crude and fuels and 21.69 million cubic metres per day of gas.
Fitch said higher infrastructure and expenditure will support near-term recovery alongside falling coronavirus cases and the vaccine rollout, and possibly reduce longer-term economic scarring
The allocation for Pro-Women Schemes - those with at least 30 per cent allocation for women - has risen from Rs 1,14,893 crore to Rs 1,28,065 crore - an increase of 11.46 per cent