BUSINESS
15th Finance Commission recommends revenue deficit grants of Rs 2.94 lakh crore for states
Up to Rs 45,000 crore should be kept as a performance-based incentive for all the States for carrying out agricultural reforms.
BUSINESS
State health spending should be increased by over 8%: 15th Finance Commission
The 15th Finance Commission recommended that primary health care should be the number one fundamental commitment for states.
BUSINESS
Budget 2021 underlines principle of providing stable tax regime, says CBDT Chairman Pramod Mody
The 26 AIS would not only serve as a checklist for a taxpayer in filing returns but would also enhance the tax base, Mody said.
BUSINESS
Telecom analysts: Centre realistic with its non-tax revenue targets for 2021-22
Budget documents released on February 1 show that the government has slashed its budgeted telecom non-tax receipts for 2021-22 by 60 percent to Rs 53,987 crore. In the previous budget (2020-21), the government had set an ambitious revenue target of Rs 1.33 lakh crore but had later revised it to Rs 33,737 crore.
BUSINESS
Proposals for women in Budget 2021 to boost gender diversity: Experts
BUSINESS
Union Budget 2021 to create job opportunities for white-collar workforce: Experts
While the Budget announcements are aimed at spurring job creation for blue-collar workers, human resource (HR) experts are of the opinion that the proposed schemes and outlays also carry ample potential of creating white-collar jobs.
BUSINESS
Budget 2021 | Outlay for EPF subsidy scheme significantly lower than proposed
The EPF subsidy scheme, announced in November 2020, has been allotted only Rs 3,130 crore against the proposed Rs 22,810 crore over a period of three years.
BUSINESS
Budget 2021 | Experts disappointed over drop in allocation for education
The total outlay for education is pegged at Rs 93,224 crore for 2021-22 which is 6.13 percent lower than the Rs 99,312 crore allocated in the previous Budget.
BUSINESS
Budget 2021: Labour ministry outlay marginally lower even as jobs creation stays in focus
The Labour ministry has been allocated Rs 13,306 crore for 2021-22 against revised budget of Rs 13,720 crore for 2020-21.
BUSINESS
Union Budget 2021: Government to set up world-class fintech hub at GIFT City
Spanning over 886 acres of land with 62 mn sq. ft. of built-up area, GIFT City is a planned business district.
BUSINESS
Budget 2021: FM Nirmala Sitharaman allocates Rs 15,000 crore for rural roads scheme PMGSY
Budget 2021: So far, more than 6.44 lakh km road length has been constructed under the PMGSY scheme.
BUSINESS
Union Budget 2021: Social sector spending sees muted allocations
The Ministry of Women and Child Development was allocated Rs 24,435 crore for 2021-22, a sharp cut of Rs 5,572 from its outlay in Budget 2020-21.
BUSINESS
Budget 2021: FM Nirmala Sitharaman doubles allocation to MSME sector to Rs 15,700 crore
MSME sector was allocated Rs. 7,572 crore in the previous union Budget of 2020-21
BUSINESS
Economic Survey 2021: India has potential to become ‘pharmacy of the world’
The Indian pharmaceutical industry, valued at $41 billion, is expected to grow to $65 billion by 2024 and $120-130 billion by 2030, the survey says.
BUSINESS
India needs to spend on infrastructure, MGNREGA: Gita Gopinath
Gita Gopinath also said a credible divestment plan would boost the confidence of the markets, adding that the government must keep the borrowing costs low during the transition period.
BUSINESS
EPFO fresh enrolments shrink in November despite govt's wage subsidy scheme
Fresh payroll addition in November was at 640,527, the lowest in five months.
BUSINESS
Budget 2021: MSME sector expectations from FM Nirmala Sitharaman
A quick look at what COVID-struck MSME sector hopes from Finance Minister Nirmala Sitharaman in Budget 2021 and what respite she is likely to offer
BUSINESS
Centre must increase fiscal deficit to stop people being pushed into poverty: Kaushik Basu
In India, 85 million people will be pushed into poverty as a result of the Covid19 pandemic
BUSINESS
MSME SAMPARK: 800% rise in job seekers against 10% increase in recruiters in 12 months
MSME SAMPARK provides for the jobseekers to share resumes and register themselves for job openings. The recruiters on the other hand can close the talent gap by getting the right candidate.
BUSINESS
Demand for Gig workers to increase in 2021: Experts
Gig workers are freelance/ contractual workers who work on a flexible and temporary arrangement with companies and platforms for a specific period of time.
BUSINESS
The nuts and bolts of EPFO
Moneycontrol takes a deeper dive into the EPFO and its schemes, and explores what does it do and what its benefits are.
BUSINESS
MSME Samadhaan: Delayed payment applications disposed of by facilitation councils rise 149%
In case of delay in payment beyond 45 days, the MSEs can approach the MSEFCs to fast-track the settlement of dues by the buyer.
BUSINESS
PM pension scheme for traders gets lukewarm response
The scheme is a voluntary contribution scheme wherein an eligible trader has to contribute a sum of Rs.55 to 200 monthly and a matching contribution is made by the Central government. Upon reaching the age of 60, the trader is eligible for a monthly pension of Rs 3,000.
ECONOMY
INTERVIEW | Budget should focus on MSMEs, infra push: Harsh Singhania, Vice Chairman, JK Papers
In an exclusive interview with Moneycontrol, Singhania also said that the Centre should come up with an urban jobs programme, and it should ramp up its privatisation plans, and the the trajectory of recovery in 2021 is expected to be a gradual upward slope.
