Clipped from: https://economictimes.indiatimes.com/news/economy/policy/budget-marks-directional-change-for-indian-economy-finance-minister/articleshow/80690929.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “This Budget mark a clear directional change for the Indian economy and that directional change is not what the government has offered as
Category: Budget
Road construction touches record 30 km per day: Nitin Gadkari – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/transportation/roadways/road-construction-touches-record-30-km-per-day-nitin-gadkari/articleshow/80690998.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “Today the information which I have received is that our construction record comes to 29.6 km, means 30 km per day…and this is
Exporters worried over losing tax flexibility after IGST tweak – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/exporters-worried-over-losing-tax-flexibility-after-igst-tweak/articleshow/80693703.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Earlier, exports could be made either on payment of the integrated tax or under bond. Citing liquidity crunch and higher transaction time and
Government targets land disputes that cripple India’s infrastructure – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/government-targets-land-disputes-that-cripple-indias-infrastructure/articleshow/80680092.cmsSynopsis The country’s planning body has crafted a new model bill in which states will guarantee the accuracy of land titles and provide compensation
‘Small increase’: Chinese state media takes a dig at India’s defence budget–business today
Clipped from: https://www.businesstoday.in/union-budget-2021/small-increase-chinese-state-media-takes-dig-india-defence-budget/story/430294.html As per Budget 2021, Centre approved only a marginal hike of around 1.4 percent to Rs 4.78 lakh crore for 2021-22 in defence
Budget 2021 strikes right balance to boost growth, improve infrastructure–business today
Clipped from: https://www.businesstoday.in/union-budget-2021/columns/budget-2021-strikes-right-balance-to-boost-growth-improve-infrastructure/story/430102.html Union Budget 2021: The relaxation on foreign investments in infrastructure will give a boost to much-needed infrastructure development This budget, coming after a challenging
Healthcare gets biggest boost, but some expectations remain unmet–BUDGET 2021–business today
Clipped from: https://www.businesstoday.in/union-budget-2021/columns/budget-2021-healthcare-gets-biggest-boost-but-some-expectations-remain-unmet/story/430095.html Budget 2021 has taken care of the bare necessities that are needed to ensure that the healthcare infrastructure of the country is given
Measures for MSMEs, startups growth-oriented but businesses want more–BUDGET 2021–business today
Clipped from: https://www.businesstoday.in/union-budget-2021/columns/budget-2021-measures-for-msmes-startups-growth-oriented-but-businesses-want-more/story/429998.html Whilst the government’s proposals are moving in the right direction, further intervention is the need of the hour to aid significant sectoral growth
Budget 2021: Safe harbour for the ship in unstable times | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/budget-2021-safe-harbour-for-the-ship-in-unstable-times-946329.html Budget FY22 checks all the right boxes on intent. On financial allocation, it checks a few boxes less so That Finance Minister Nirmala
Budget 2021 shows govt is set for a fiscal push. Baton has once again passed to the RBI–SOUMYA KANTI JOSHI –indian express
Clipped from: https://indianexpress.com/article/opinion/columns/union-budget-2021-gdp-economy-7173494/ Fortunately, the RBI and government have worked in perfect harmony during the pandemic. The Union Budget for FY22 is a budget to consolidate
Seniors over 75 with multiple accounts still need to file tax returns – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/multimedia/video/seniors-over-75-with-multiple-accounts-still-need-to-file-tax-returns/article33741357.ece?homepage=true Senior citizens over 75 with multiple bank accounts will not get any exemption from filing Income-Tax returns. Also, those who want refund will
Scrappage policy to drive growth of used cars in the medium term – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/scrappage-policy-to-drive-growth-of-used-cars-in-the-medium-term/article33745894.ece?homepage=true Govt plans to levy Green Tax at 10-25% for commercial vehicles over eight years old and personal vehicles of over 15 years The
PF interest Tax: Will tax on PF interest also cover contribution to PPF account? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/will-tax-on-pf-interest-also-cover-contribution-to-ppf-account/articleshow/80676396.cmsSynopsis On the plain reading of the budget documents, it appears that tax will apply to the interest earned on contributions made to Employees’
Confident that disinvestment calendar will work well, non-tax revenues to improve in FY22: FM – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/confident-that-disinvestment-calendar-will-work-well-non-tax-revenues-to-improve-in-fy22-fm/articleshow/80691076.cmsSynopsis The government is targeting to conclude strategic sale of BPCL, Air India, Shipping Corporation of India, Container Corporation of India, IDBI Bank, BEML,
Mega plans unleashed in the Budget to spur growth, now it’s all about execution – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/view-mega-plans-unleashed-in-the-budget-to-spur-growth-now-its-all-about-execution/articleshow/80693594.cmsSynopsis Overall, the budget will be remembered for many path-breaking reforms to spur growth. With the right policy initiatives, the focus should now be
Increased capex in Budget an ‘optical illusion’: Former finance secretary Garg – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/increased-capex-in-budget-an-optical-illusion-former-finance-secretary-garg/articleshow/80692111.cmsSynopsis The revised estimates (RE) of capital expenditure for FY 2020-21 have also gone up to Rs 4.39 lakh crore, recording an increase of
Why next month may be the most important for India’s economy – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/view-why-next-month-may-be-the-most-important-for-indias-economy/articleshow/80693634.cmsSynopsis Therefore, as the next financial year starts in April, GoI must be ready with its key budget measures. If all stakeholders know that
FDI hike in insurance, LIC IPO, privatisation of state-run insurers credit positive: Moody’s
Clipped from: https://www.businesstoday.in/current/economy-politics/fdi-hike-in-insurance-lic-ipo-privatisation-state-run-insurers-credit-positive-moodys/story/430211.html Lenient FDI regulations, listing of LIC, and privatisation of a government-owned general insurer should benefit the broader domestic insurance market as these entities
Budget provides broad support; fiscal consolidation prospects still weak: Moody’s
Clipped from: https://www.businesstoday.in/current/economy-politics/budget-provides-broad-support-fiscal-consolidation-prospects-still-weak-moodys/story/430212.html Moody’s expects India’s nominal GDP growth to rise close to 17 per cent in fiscal 2021, higher than 14.4 per cent pegged in
No rethink on Google tax, clarity on NRI tax residency once travel resumes: CBDT chief
Clipped from: https://www.businesstoday.in/current/economy-politics/no-rethink-on-google-tax-clarity-on-nri-tax-residency-once-travel-resumes-cbdt-chief/story/430217.html On the direct tax collection targets for 2021-22, CBDT Chairman PC Mody said that the projections are “realistic and not ambitious”; we are
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