Tax experts call for higher exemption on equity LTCG, donations as Budget nears

Jan 25, 2021

Even though the government is staring at a gaping hole on the revenue front in the current financial year due to the pandemic, tax practitioners are expecting tax relief under multiple heads in the estimates for 2021-22

India is expected to emerge as the fastest growing economy in the next two years as per IMF, says Survey

Economic Survey: India's real economic growth to be 11% in FY22

Jan 29, 2021

Economic Survey 2020-21: Survey has pegged FY22 GDP growth at 11 percent on the back of "mega vaccination drive" and robust "consumption growth"

Economic survey calls for change in CPI base year, greater focus on core inflation

Jan 29, 2021

To avoid supply side disruptions that cause inflation seasonality in vegetables, food, CPI-C and in inflation expectations, a system needs to be developed to reduce wastage and ensure timely release of stock, the survey pointed out

The government's receipts stand at Rs 8,30,851 crore, which is 37 per cent of budget estimates of the financial year 2021 as of November 2020

Soaring fiscal deficit remains a worry; record-high GST may be a silver lining

Feb 01, 2021

Fiscal deficit is languishing at Rs 10,75,507 crore or 135.1 per cent of the budget estimate 2021, as of November 2020. It has largely soared on account of low realisation of revenues because of the COVID-19 pandemic

In FY21 budget, the finance minister had set aside Rs 30,000 crore for WCD ministry

Budget 2021: Will schemes for women receive a push?

Feb 01, 2021

CMIE data added that India's biggest challenge on the employment front is getting its womenfolk into the labour force. CMIE data showed, in contrast with men, only nine per cent of all women of working age were employed until November

As many as 1,75,000 persons trained by the Ministry's skilling ecosystem

Budget 2021: How is 'Skill India' doing?

Feb 01, 2021

There are high expectations that Finance Minister Nirmala Sitharaman will announce measures to create jobs during the Budget. Although creating millions of jobs is an uphill task, the government can still do it by strengthening its very own flagship programme - PMKVY

There are more than 500 companies that partner with ISRO in carrying out space activities

Budget 2021: Is there space for space in times of COVID-19?

Feb 01, 2021

The government created Indian National Space, Promotion & Authorisation Centre (INSPACe), under the Department of Space to encourage, promote, and handhold the private sector for their participation in Space Sector

The gold reserves rose by $398 million to $36.459 billion in the week ended January 22

Budget 2021: Forex reserves reach a high of $585 billion in Jan 2021

Feb 01, 2021

India's foreign exchange reserve stood at $585.334 billion in the week ended January 22. It had touched a life-time high of $586.082 billion in the week ended January 8

Finance Minister Nirmala Sitharaman will present the Budget for 2021-22 on February 1

Budget 2021: What's in store for textile industry?

Feb 01, 2021

Union Budget 2021: A joint committee of textile industry bodies has asked for government's intervention in removing anti-dumping duty on VSF

The scheme will be implemented over five years with an outlay of Rs 2,87,000 crore, the finance minister said while presenting the Budget.

Budget 2021: Finance Minister announces universal water supply scheme for urban areas

Feb 01, 2021

The government also announced 'Urban Swachh Bharat Mission 2.0' for cleanliness in urban areas.

Budget 2021: No change in income tax slabs

No change in tax slabs, PPF limit, Sec 80C exemption in Budget 2021

Feb 01, 2021

Budget 2021: No changes in ncome tax slabs, PPF limit, Section 80C exemption were announced by the Finance Minister