UNION BUDGET 2021

Updated : Apr 11, 2021

Gold ETF inflows climb four-fold to Rs 6,919 crore in FY21

As per AMFI, investors put in RS 6,919 crore in 14 gold-linked ETFs, much higher than Rs 1,614 crore invested in 2019-20

Union Finance Minister Nirmala Sitharaman

Updated : Feb 21, 2021

Union Budget 2021: Centre is facilitator, private sector driver of growth, says FM Sitharaman

Finance Minister Nirmala Sitharaman underlined that the nation's growing and aspiring needs and demands across the various sectors cannot be served just by the state government and central governments put together

Ahead of FM Sitharaman's reply, the Bharatiya Janata Party (BJP) has instructed all its MPs (Member of Parliament) to be present in the house

Updated : Feb 13, 2021

Parliament budget session highlights: Govt works for poor, 'not cronies or Damads,' says FM Sitharaman

Budget Session 2021: Finance Minister Nirmala Sitharaman, while replying to the discussion on Budget 2021 in Rajya Sabha on Friday, February 12, slammed the opposition accusing it of weaving a false narrative that the Centre only worked for cronies

Budget brings a sharp difference between perception of equity market investors and households, says CMIE

Updated : Feb 10, 2021

Investors happy but households give thumbs down to Budget: CMIE

CMIE observeshouseholds expressed displeasure as a week after budget, Index of Consumer Sentiments fell 4.2%; budget may or may not be reason for household perceptions to worsen but sentiments have worsened after it, it adds

Budget 2021 announcements should help in dispelling fears farmers may harbour

Updated : Feb 7, 2021

Budget's agriculture sector announcements reiterate govt's rural focus

The increase in the agriculture credit with a target of Rs 16.5 lakh crore and the allocation of infrastructure fund for the development of APMCs reiterates the government's commitment to the welfare of farmers, and is a great move

Updated : Feb 6, 2021

GBS push or accounting jugglery. Fine print reveals devil in details in Rly Budget

In this Union Budget, government has gone against the precedent that gross budgetary support to the Ministry of Railways is fully funded by the Ministry of Finance

Just ahead of the budget, the FY20 growth was reduced from 4.2% to 4%, which will lift the FY22 growth rate

Updated : Feb 6, 2021

Rebooting Economy 64: Budget numbers don't add up to 10% or more growth in FY22

Little attention to direct income support, health and education deprivations, and revival of small businesses will keep the demand and production of goods and services depressed in FY22

Budget 2021 was expected to provide more relief to most affected ones including salaried individuals and businesses in the hospitality and travel sector

Updated : Feb 6, 2021

Budget 2021 rationalises tax rules, removes difficulties faced by taxpayers

The focus on self-reliance, innovation, research and development, infra capex and digital payments in Union Budget 2021 would definitely help in lifting the Indian economy from under $3 trillion to $5 trillion in the near term

Updated : Feb 4, 2021

'Small increase': Chinese state media takes a dig at India's defence budget

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 against last year's allocation of Rs 4.71 lakh crore

Budget 2021 is a good enough step in this direction. Now time will tell how these steps eventually pan out

Updated : Feb 3, 2021

Budget 2021: Healthcare gets biggest boost, but some expectations remain unmet

Budget 2021 has taken care of the bare necessities that are needed to ensure that the healthcare infrastructure of the country is given a booster dose to make it infallible to pandemics like what we are going through

This budget, coming after a challenging year, will launch not just the first unmanned Gaganyaan space flight, but also send the economy into a growth orbit and that is encouraging

Updated : Feb 3, 2021

Budget 2021 strikes right balance to boost growth, improve infrastructure

Union Budget 2021: The relaxation on foreign investments in infrastructure will give a boost to much-needed infrastructure development

The Indian textile industry, which employs 4.5 crore people, also includes 35.22 lakh handloom weavers

Updated : Feb 3, 2021

Has the Union Budget neglected the interests of handloom weavers?

Stakeholders of the handloom industry say that the setting up of textile parks will not help in pulling the handloom weavers from the clutches of unemployment and poverty

Updated : Feb 2, 2021

Budget 2021: LIC IPO in FY22 as government looks to resurrect poor disinvestment record

While the government has maintained for long it does not wish to be in business in sectors that are not of strategic importance, its track record of disinvestment is patchy at best

Updated : Feb 2, 2021

Tax hike on crude palm oil imports could reduce shipments, says FM Nirmala Sitharaman

India cut the basic import tax on crude palm oil to 15% from 27.5%, but imposed a 17.5% "cess" - a separate tax - on the imports, Sitharaman said in her federal budget speech

Updated : Feb 2, 2021

Budget 2021 will boost infra, create new jobs: US chamber of commerce

The finance minister has done a remarkable job in presenting a growth-focussed budget during the unprecedented COVID-19 pandemic-hit circumstances, president of the USA India Chamber of Commerce Karun Rishi said

Increased government spending in critical areas of the economy such as agriculture, infrastructure, healthcare, education and defence was much needed, Aghi said

Updated : Feb 2, 2021

Budget 2021-22 positions India towards $5 trillion economy target, says USISPF

The Union Budget 2021-22 has taken into consideration the needs of all sectors of the economy, reflecting a robust growth plan for India to become a $5 trillion economy, USISPF president Mukesh Aghi said

Updated : Feb 2, 2021

'You didn't stop the guys': FM Nirmala Sitharaman defends woman reporter, leaves everyone in splits

Union Budget 2021 press conference: While taking several questions from several reporters, the finance minister took one from a female journalist during the latter half of the press conference

In 2020-21, Rs 54,522 crore of fiscal deficit was externally funded, mainly from multilateral agencies, and this is budgeted to decline to Rs 1,514 crore in FY22

Updated : Feb 2, 2021

Budget 2021: Numbers more credible, achievable than previous years, says India Ratings

At the core of the Budget is the nominal GDP growth of 14.4 per cent which looks plausible with 10 per cent real GDP growth, India Ratings Chief Economist Devendra Pant and Principal Economist Sunil Kumar Sinha said in a note

Capex allocation for infrastructure is increased by 34.5% over the revised budget estimates (RE) for FY21

Updated : Feb 2, 2021

Budget 2021: DFI, FPI investment in REITs; Infrastructure push a welcome step to spur economy

The Union Budget for 2021-22 admirably rises to the challenge of creating an enabling environment to deliver on the promise of National Infrastructure Pipeline in the next few years

Budget 2021 has confirmed a substantial slippage in the fiscal deficit relative to the prior targets for both FY2021 and FY2022, an unavoidable fallout of the pandemic

Updated : Feb 3, 2021

Budget 2021: A balanced mix of fiscal correction and clear growth goals

While the Budget has revealed a plethora of proposals targeted at supporting the nascent economic rebound, timely implementation of these proposals will be key to sustaining higher growth of the Indian economy in FY2022 and beyond

Budget 2021 shows stability in the tax regime and it is good that no new taxes were introduced

Updated : Feb 2, 2021

Budget 2021: How no new taxes, COVID cess will ensure stability in system

With a fiscal deficit of 9.5% of GDP, there was limited scope for any significant tax concessions in Budget 2021

UNION BUDGET 2021

Gold ETF inflows climb four-fold to Rs 6,919 crore in FY21

Union Budget 2021: Centre is facilitator, private sector driver of growth, says FM Sitharaman

Parliament budget session highlights: Govt works for poor, 'not cronies or Damads,' says FM Sitharaman

Investors happy but households give thumbs down to Budget: CMIE

Budget's agriculture sector announcements reiterate govt's rural focus

GBS push or accounting jugglery. Fine print reveals devil in details in Rly Budget

Rebooting Economy 64: Budget numbers don't add up to 10% or more growth in FY22

Budget 2021 rationalises tax rules, removes difficulties faced by taxpayers

'Small increase': Chinese state media takes a dig at India's defence budget

Budget 2021: Healthcare gets biggest boost, but some expectations remain unmet

Budget 2021 strikes right balance to boost growth, improve infrastructure

Has the Union Budget neglected the interests of handloom weavers?

Budget 2021: LIC IPO in FY22 as government looks to resurrect poor disinvestment record

Tax hike on crude palm oil imports could reduce shipments, says FM Nirmala Sitharaman

Budget 2021 will boost infra, create new jobs: US chamber of commerce

Budget 2021-22 positions India towards $5 trillion economy target, says USISPF

'You didn't stop the guys': FM Nirmala Sitharaman defends woman reporter, leaves everyone in splits

Budget 2021: Numbers more credible, achievable than previous years, says India Ratings

Budget 2021: DFI, FPI investment in REITs; Infrastructure push a welcome step to spur economy

Budget 2021: A balanced mix of fiscal correction and clear growth goals

Budget 2021: How no new taxes, COVID cess will ensure stability in system

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