Budget News

Structural Reforms Needed To Remove Barriers In Infrastructure: Experts

Structural Reforms Needed To Remove Barriers In Infrastructure: Experts

Edited by Nikita Prasad | Tuesday February 09, 2021

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

Tax Holiday, Debt Financing Of REITs: Key Highlights Of Real Estate In Budget 2021

Tax Holiday, Debt Financing Of REITs: Key Highlights Of Real Estate In Budget 2021

Edited by Nikita Prasad | Thursday February 04, 2021

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.

Budget 2021: Operating Ratio To Improve To 96.96%, Says Railway Board Member

Budget 2021: Operating Ratio To Improve To 96.96%, Says Railway Board Member

Edited by Nikita Prasad (With inputs from Agencies) | Thursday February 04, 2021

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

Tax Holiday For Startups, Relief For Senior Citizens: Top 10 Tax Highlights Of Budget 2021

Tax Holiday For Startups, Relief For Senior Citizens: Top 10 Tax Highlights Of Budget 2021

Edited by Nikita Prasad | Wednesday February 03, 2021

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.

Government Increases Basic Custom Duty Rates On Certain IT Products To 2.5%

Government Increases Basic Custom Duty Rates On Certain IT Products To 2.5%

Edited by Nikita Prasad | Tuesday February 02, 2021

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: Government Approves Affordable Housing Projects Till March 2022

Budget 2021: Government Approves Affordable Housing Projects Till March 2022

Edited by Nikita Prasad | Tuesday February 02, 2021

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 Increases Allocation For Capital Defence Expenditure To 18.75%

Budget 2021 Increases Allocation For Capital Defence Expenditure To 18.75%

Edited by Nikita Prasad (With inputs from Agencies) | Tuesday February 02, 2021

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.

Budget 2021 Highlights: Improved Healthcare, Better Infra, Bank Privatisation

Budget 2021 Highlights: Improved Healthcare, Better Infra, Bank Privatisation

Edited by Peter Noronha | Tuesday February 02, 2021

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

Agriculture Tax Increase On Crude Palm Oil Imports Could Reduce Shipments

Agriculture Tax Increase On Crude Palm Oil Imports Could Reduce Shipments

Reuters | Tuesday February 02, 2021

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.

From Agriculture To Defence: Sector-Wise Highlights Of Finance Minister's Budget 2021

From Agriculture To Defence: Sector-Wise Highlights Of Finance Minister's Budget 2021

Edited by Nikita Prasad | Tuesday February 02, 2021

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.

Rs 95,000-Crore Disputed Amount Settled Under Vivad Se Vishwas: PC Mody

Rs 95,000-Crore Disputed Amount Settled Under Vivad Se Vishwas: PC Mody

Press Trust of India | Tuesday February 02, 2021

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 Focuses On Bringing Down Fiscal Deficit To 6.8% By Next Fiscal: Highlights

Budget Focuses On Bringing Down Fiscal Deficit To 6.8% By Next Fiscal: Highlights

Edited by Abhishek | Tuesday February 02, 2021

Budget 2021: As part of healthcare spending, Budget 2021 allocated Rs 35,000 crore for Covid-19 vaccine.

Indian Oil May Form Subsidiary For Retail Assets To Unlock Value

Indian Oil May Form Subsidiary For Retail Assets To Unlock Value

Reuters | Tuesday February 02, 2021

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.

Wider Fiscal Deficits Could Pressure Government's Sovereign Ratings: Fitch

Wider Fiscal Deficits Could Pressure Government's Sovereign Ratings: Fitch

Reuters | Tuesday February 02, 2021

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

What Women Received From Budget 2021: Gender Budget Rises 6.8%

What Women Received From Budget 2021: Gender Budget Rises 6.8%

Written by Aprameya Rao | Tuesday February 02, 2021

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