Union Budget 2021 Highlights: Congress leader P. Chidambaram said that the government had only marginally raised health funding, which when adjusted to inflation becomes nil

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

Of the total GST collection, CGST is Rs 21,923 crore, SGST is Rs 29,014 crore, IGST is Rs 60,288 crore (including Rs 27,424 crore collected on import of goods) and Cess is Rs 8,622 crore

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

GST collections will be in the range of Rs 1.21-1.23 lakh crore and may still have an upside, according to economist at State Bank of India

Centre had planned a disinvestment mop-up of Rs 2.1 lakh crore this fiscal, by selling stake in several public sector enterprises, but the plans have been stalled due to several factors

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 India about to roll out its vaccination programme, the accruals of the economic benefits would be significant, especially to sectors hit hard during the pandemic, said ASSOCHAM Secretary General Deepak Sood

Govt aims to vaccinate 30 crore priority individuals by August 2021 and 50 crore private individuals by 2022-end. SBI think tank says India will require around Rs 56,000-72,000 crore to administer vaccines to 80 crore people

Stocks to watch today on January 5: HDFC, Bajaj Finance, Edelweiss Financial, Sun Pharma, NBCC, L&T among others are the top stocks to watch out for in Tuesday's trading session

With this, the central government has released a total of Rs 60,000 crore so far to all States and UTs, which amounts to more than 50 per cent of their estimated GST compensation shortfall

The share of indirect taxes, which mainly comprise of levy on goods and services as well as import duty, has risen while that of direct taxes - made up of corporate and personal income tax - has gone down in 2020

According to Finance Secretary Ajay Pandey, the officials were able to arrest tax evaders because of the data taken from agencies like Income Tax Department, Customs unit, FIU and GST department, and banks

The revenue department has already started sharing such information among its wings - direct tax, indirect tax and customs departments

The searches resulted in the seizure of finished gutkha and raw materials such as chuna, sada kattha, tobacco leaves etc, valued at Rs. 4.14 cr approximately, the statement said

Flights between India and the United Kingdom will resume from January 8, Civil Aviation Minister Hardeep Singh Puri announced on Friday; The Goods and Service Tax collection for December 2020 touched a record high of Rs 1.15 lakh crore; Regulator Sebi on Friday imposed penalties on Reliance Industries Ltd, its Chairman and Managing Director Mukesh Ambani as well as two other entities for alleged manipulative trading in the shares of erstwhile Reliance Petroleum Ltd (RPL) back in November 2007. Watch this and more on News Blast.Also Read: India to UK flights to resume on Jan 6, clarifies Hardeep Singh Puri

Customers never charged for IUC, unlimited calls to continue as before: Airtel Telecom operator Bharti Airtel on Friday said it has never charged its customers separately for IUC and that the unlimited calling benefits will continue for subscribers without any change. The comments came a day after Reliance Jio announced that calls by its users to other networks in India will become free from Friday, as the Interconnect Usage Charges (IUC) regime ends. Health Minister reviews preparedness ...

GST collections in December 2020 showed an unexpected year-on-year growth of 11.6 per cent to Rs 1.15 lakh crore, the highest monthly GST collection so far

This is the highest ever collection since the implementation of the countrywide tax in July 2017, the Finance Ministry said in a statement on Friday, January 1

The government had notified certain changes to the GST Rules on December 22 and some of the rules are set to be applicable from January 1 next year