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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

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

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

The customs duty changes are in line with the objective to boost domestic manufacturing industry that will further strengthen the Indian economy
Updated : Feb 3, 2021

Union Budget 2021: A budget after pandemic - like never before

This year's budget was in the midst of the pandemic, but stayed on the path of 'AtmaNirbhar Bharat Abhiyan' that supplements the Make in India vision of the government

Finance Minister Nirmala Sitharaman with MoS Finance Anurag Thakur. FM Sitharaman presented the Union Budget-2021 in Parliament on Monday. (PTI Photo)
Updated : Feb 2, 2021

What does Union Budget 2021 offer the common man?

While the expectations of the common man of tax relief are not met, the budget outlines measures to rationalise the tax structure and bring out changes in the tax processes

While the budget scores high on many commendable and path-breaking proposals, the key lies in successful implementation of the vision
Updated : Feb 2, 2021

An 'eye on the future' Budget 2021 pushes the growth pedal

Bold measures have been proposed in the budget, such as privatisation of two public sector banks and a general insurance company in this fiscal, higher FDI in the insurance sector, exhibiting India's confidence to be globally competitive

The start-up sector shares a close nexus with the digital world and plays a pivotal role in furthering growth of digitally operated business models
Updated : Feb 2, 2021

Budget 2021: Measures for MSMEs, startups growth-oriented but businesses want more

Whilst the government's proposals are moving in the right direction, further intervention is the need of the hour to aid significant sectoral growth

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

A new scheme has been introduced for re-opening of closed assessments - a vexed, disputable subject
Updated : Feb 1, 2021

Budget unleashes reforms in tax dispute resolution mechanism

Substantial changes have been introduced in relation to Tax Dispute Resolution mechanism to impart greater efficiency, transparency and accountability by eliminating interface to the extent technologically feasible by optimising utilisation of resources and introducing dynamic jurisdiction

Budget 2021
Updated : Feb 1, 2021

Budget 2021: Laying the foundation for infrastructure-led growth

There is a renewed investment focus across infrastructure sectors including railways, healthcare, water and waste, urban infrastructure, roads and highways, city gas, dedicated freight corridors and infrastructure for hydrogen energy production and fishing, ship recycling hubs

The travel and tourism industry is undergoing a radical shift due to pandemic imposed restrictions and is expected to have accrued a loss of Rs 90,000 crore. (Photo: PTI/Image for representation)
Updated : Feb 1, 2021

Budget 2021: Tax cuts, financial support; COVID-hit travel sector's expectations from FM Nirmala Sitharaman

As many businesses in the travel industry continue to bear the brunt, there are high expectations of interest-free financial support for at least two years to help combat the cash-negative books

A clear policy guideline and a detailed roadmap for spending strategically on NEP implementation through optimal resource allocation are expected to be elaborated upon in the budget speech
Updated : Feb 1, 2021

Budget 2021: NEP plan, digital infrastructure; 8 key expectations of education sector

Although the challenges are complex and expectations from the budget are high, the budget needs to be a well-intended one in its approach and commitment to the development of the sector and the realisation of the vision of the NEP

Growth in GST collections is likely to continue as economic activity picks up going forward
Updated : Jan 31, 2021

Budget 2021: Cooperative Federalism - the route to increase GST collections

The inclusion of a statement on policy announcements on GST in the budget, of an intent to resolve these tax issues, will not only have a positive impact on the broader economy but also reaffirm confidence in the cooperative federalism model for tax policy

The manufacturing sector optimistically awaits the announcements in what is deemed to be a "budget like never before"
Updated : Jan 31, 2021

Budget 2021: Why manufacturing industry expects more incentives this time

Budget 2021 provides an opportunity to harness the capabilities required to implement transformative reforms and build upon the foundations integral for the manufacturing sector to contribute to 25% of the country's GDP by 2025

The auto industry will be looking forward to measures to promote investment in EVs, including associated ancillaries
Updated : Jan 31, 2021

Budget 2021: GST reduction, incentives on EVs, what auto sector expects from FM Nirmala Sitharaman

If an incentive-based scrappage policy is adopted in the Budget 2021, it shall boost demand for new vehicles while helping the government achieve its targets for reducing carbon emissions

Reducing the corporate tax rate for MRO to 15% (like in case of defence manufacturing) and according to 'infrastructure' status to MRO ventures, will make investments more viable
Updated : Jan 31, 2021

Budget 2021: Defence sector may get higher budgetary allocation this time

Recent developments at neighboring borders will weigh in on the government's broader decision making for the short to medium term. It is this reason why India's defence industry finds its stakes high in the run-up to budget day

A timely push from the government for the education sector will bring a paradigm shift and create an inclusive and robust academic system
Updated : Jan 30, 2021

Budget 2021: Digitalisation of education sector can help India become 'Atmanirbhar'

Making widescale digital education a reality will help attract FDI in the education sector, thereby enabling India to become an attractive destination for higher education at par with global standards

Credible and adequate data is needed for the budget to determine the path to revive demand, incipiently pre-pandemic but worsened due to the lockdown
Updated : Jan 30, 2021

Rebooting Economy 63: Budgeting FY22 with critical information gaps

India has no data on jobs lost and businesses shut; no estimate of how many would have slipped into poverty or how income, health and education inequalities would have risen due to the pandemic. How will the Budget 2021 allocate resources appropriately to revive growth and bring development?

It is anticipated to be a budget like never before. The stakes, as well as expectations, are high
Updated : Jan 30, 2021

Budget 2021: Common man, corporate India's wishlist

Expecting the economy to rebound sharply and continue speedy recovery requires the budget to be a key driver of growth

About 2% of Indians invest in stock markets and the number of those familiar with the GDP construct is unlikely to be more
Updated : Jan 30, 2021

Rebooting Economy 62: Economic growth for whom and for what?

For people to benefit, the budget needs overhauling to create jobs; revive small businesses; address poverty and health and education deprivations. Pursuing the existing paradigm of growth may push GDP and stock markets up without improving the living standards of the vast majority

The current COVID-19 pandemic has further accelerated the rate of technology adoption across sectors
Updated : Jan 29, 2021

Budget 2021: Tax relief high on tech sector's wishlist this year

Given the strategic importance of the technology sector, it is important to ensure that the government continues to support this sector through favourable policies

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