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decoding the budget

Decoding the Budget

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

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

The Finance Minister had pegged government's expenditure in 2021-22 at Rs 34.83 lakh crore, of which Rs 5.54 lakh crore is capital expenditure.
Updated : Feb 2, 2021

Budget 2021: Nominal GDP growth projection may be underestimated, says SBI

The SBI report also praised government's move to increase foreign direct investment limit in insurance companies to 74 per cent in the Budget.

The finance minister laid down an ambitious asset monetisation plan for public infrastructure which will help the government raise revenue.
Updated : Feb 2, 2021

Budget 2021: Disinvestment, asset monetisation to help govt raise revenue

Resisting the temptation to hike taxes, the finance minister banked on disinvestment and asset monetisation to increase government's revenue.

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

Budget 2021
Updated : Feb 1, 2021

Budget 2021 can help India become world's textile outsourcing capital

Budget 2021: In order to benefit farmers and promote domestic manufacturing, the government has also raised customs duty on cotton from nil to 10 per cent and on raw silk and silk yarn from 10 per cent to 15 per cent

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Updated : Feb 1, 2021

Budget 2021: Aviation sector gives thumbs up to leasing tax sops

The airlines in India typically take aircraft from lessors (on lease) who are based overseas. IndiGo, for instance, has over 200 planes on lease, and so is the case with other airlines like SpiceJet, GoAir, Vistara and Air India

Updated : Feb 1, 2021

Budget 2021: Tax buoyancy projected to be 1.2 in FY22

Tax buoyancy, which describes the sensitiveness of tax revenue growth to changes in nominal GDP, is expected to touch 1.2 in FY22, marginally lower than 1.3 in FY21 (both tax revenues and GDP are projected to decline)

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Updated : Feb 1, 2021

Budget 2021: To rein in steel prices, import duties slashed, curbs on imports removed even for China

Prices of key raw materials including steel have gone up as strong demand from China at a time when most countries were under a shutdown last year created an acute demand supply gap

Budget 2021: Details of salary income, tax payments, TDS already come pre-filled in income tax returns
Updated : Feb 1, 2021

Budget 2021: Govt simplifies ITR filing; dividend, interest income, capital gains to come pre-filled

Budget 2021: Finance Minister says to further ease filing of returns, details of "capital gains from listed securities, dividend income, and interest from banks, post office, etc, will also be pre-filled"

Like every Budget, the finance minister also announced changes in tax and duty on many items.
Updated : Feb 1, 2021

Budget 2021: What's costlier, what's cheaper?

While the government has reduced customs duty on gold and silver, gold and silver dore bar, among others, it has proposed an Agriculture Infrastructure and Development Cess (AIDC) on them.

Finance Minister Nirmala Sitharaman's statement to present a "budget like never before" has raised expectations to revive the COVID-struck economy at this crucial juncture in its resurrection story
Updated : Jan 29, 2021

Budget 2021: These three key sectors expect govt to deliver a game-changing super over

The Union Budget 2021 should reflect concrete and enthused government efforts to boost both consumption and demand for an overall push to the economy

With Budget 2021 just around the corner, it is time again for the government to meet the high expectations of pandemic-struck India
Updated : Jan 29, 2021

Budget 2021: What Modi govt should do to revive pandemic-hit economy

Tax policies must adapt to changing times to provide buoyancy and enable companies to undertake business in a time-bound and efficient manner

The expectations from the forthcoming budget are huge and mostly stemming on account of the COVID-hit economy
Updated : Jan 29, 2021

Budget 2021: 3 key areas govt needs to focus on

Expectations from the upcoming budget are huge in terms of giving relief to the current economy, increasing ease of doing business, and recovering from a negative GDP

The medical devices sector and pharma sector play an indispensable role in improving healthcare access
Updated : Jan 29, 2021

How can Budget 2021 unleash greater potential for healthcare and pharma sector

Similar to the anticipation for the COVID-19 vaccination, the healthcare industry is also looking forward to an incentive booster in the upcoming Union Budget