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budget 2021

The Union Budget is an annual financial statement of the government with estimates of receipts and expenditure for a particular year. Finance Minister Nirmala Sitharaman will present the Union Budget 2021-22 on February 1. More

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  • Macro Minutes Podcast | The economic impact of second Covid 'surge' will not be as large as the first one: Chief Economic Advisor Apr 13, 2021 08:26 PM IST

    Macro Minutes Podcast | The economic impact of second Covid 'surge' will not be as large as the first one: Chief Economic Advisor

    Speaking on the latest episode of “Moneycontrol Macro Minutes” podcast, Subramanian said that the government had been deliberately conservative in its forecasts for the current financial year. While not ruling out an economic intervention like last year should the need arise, Subramanian said any further measures announced would likely be on the fiscal support and capital expenditure side.

  • 2020-21 indirect tax collections beat revised estimates by 8%: CBIC Chief Apr 13, 2021 12:18 PM IST

    2020-21 indirect tax collections beat revised estimates by 8%: CBIC Chief

    Out of the total provisional indirect tax collections, custom duty collections came in at Rs 1.32 lakh crore, excise and service tax collections came at Rs 3.91 lakh crore, while the net GST collection for the centre stood at Rs 5.48 lakh crore.

  • Explained | Why the government can’t wait to cut interest rates on small savings Apr 02, 2021 08:01 PM IST

    Explained | Why the government can’t wait to cut interest rates on small savings

    Hint: What a scheme pays out to subscribers as interest depends much on what the scheme earns.

  • India's April-February fiscal deficit at 76% of FY21 revised estimates Mar 31, 2021 04:37 PM IST

    India's April-February fiscal deficit at 76% of FY21 revised estimates

    Finance Minister Nirmala Sitharaman had, in her 2021-22 Union Budget, revised the fiscal deficit target for the current fiscal year to Rs 18.49 lakh crore, or 9.5 per cent of real gross domestic product, compared to budget estimates of Rs 7.96 lakh crore or 3.5 percent of GDP.

  • Amended Finance Bill passed in Lok Sabha, gives 10-year tax holiday to new infra bank Mar 23, 2021 08:25 PM IST

    Amended Finance Bill passed in Lok Sabha, gives 10-year tax holiday to new infra bank

    Replying to the Finance Bill debate, Nirmala Sitharaman said that the central government is ready to start discussions on bringing petrol and diesel under Goods and Service Tax if the states are on-board for talks as well.

  • RBI research takes the shine off Economic Survey’s spirited defence of high fiscal deficits Mar 23, 2021 09:41 AM IST

    RBI research takes the shine off Economic Survey’s spirited defence of high fiscal deficits

    Researchers at the RBI seem to have a less enthusiastic view of the wonders of a negative r-g than those who penned the Economic Survey

  • LIC strike today: Employees protest against proposed IPO, privatisation, FDI limit hike Mar 18, 2021 11:49 AM IST

    LIC strike today: Employees protest against proposed IPO, privatisation, FDI limit hike

    The strike by the LIC employees comes two days after the nationwide bank strike which impacted banking services throughout the country.

  • India’s infra push won’t succeed without reducing NPAs in sector: Chief Economic Advisor Mar 09, 2021 12:14 PM IST

    India’s infra push won’t succeed without reducing NPAs in sector: Chief Economic Advisor

    Krishnamurthy Subramanian’s views echo that of RBI Governor Shaktikanta Das. In July 2020, Das had said a big push for mega infrastructure projects could reignite the economy, but banks saddled with infra-related NPAs, may not be best placed to finance these projects.

  • Maharashtra Budget 2021: Govt announces interest-free farm loans up to Rs 3 lakh, 33% rebate on power bills Mar 08, 2021 09:38 PM IST

    Maharashtra Budget 2021: Govt announces interest-free farm loans up to Rs 3 lakh, 33% rebate on power bills

    The Maha Vikas Aghadi government announced a scheme worth Rs 2,000 crore for strengthening Agricultural Produce Market Committees in state.

  • Will VPF remain attractive option after new tax rules? Mar 08, 2021 05:07 PM IST

    Will VPF remain attractive option after new tax rules?

    From April 1, if the employee's contribution to PF - statutory or voluntary - exceeds Rs 2.5 lakh a year, then the interest earned on this excess contribution will become taxable at the prevailing income tax rates.

  • New PF tax rule applicable from April 1: Here's everything you need to know Mar 08, 2021 01:09 PM IST

    New PF tax rule applicable from April 1: Here's everything you need to know

    With the threshold of Rs 2.5 lakh per year, the new tax rule is expected to hurt only large contributions to the provident fund.

  • EXCLUSIVE | Government looks to kick off FY22 privatisation programme with BPCL, Air India Mar 02, 2021 04:45 PM IST

    EXCLUSIVE | Government looks to kick off FY22 privatisation programme with BPCL, Air India

    The finance ministry’s Department of Investment and Public Asset Management (DIPAM), the nodal body for divestment, is confident that the privatisation of BPCL and Air India can be completed by late-first quarter or early second quarter of FY22.

  • SBI led webinar on Indian budget evokes favourable response in Israel Mar 02, 2021 01:03 PM IST

    SBI led webinar on Indian budget evokes favourable response in Israel

    Setting the tone of the interactive webinar, India's Ambassador to Israel, Sanjeev Singla, said, "We have had a landmark budget that marks a directional change and leverages far-reaching reforms that the government is effecting to make our economy more resilient and competitive."

  • DAILY VOICE | Fintech companies could create wealth over next decade: Shyamsunder Bhat of Exide Life Mar 02, 2021 08:32 AM IST

    DAILY VOICE | Fintech companies could create wealth over next decade: Shyamsunder Bhat of Exide Life

    Select companies from the commodity space could also gain from the spending on infrastructure in some of the developed countries looking to revive growth, as well as in India, says Bhat.

  • Time for food-processing revolution in India: Prime Minister Narendra Modi Mar 01, 2021 12:52 PM IST

    Time for food-processing revolution in India: Prime Minister Narendra Modi

    Speaking at a webinar on the Budget’s agriculture-related announcements, Prime Minister Narendra Modi said the private sector should increase its participation in areas such as agriculture research and development, storage and processing, as well as soil testing.

  • Budget provided clear roadmap to expand private sector participation: PM Narendra Modi Feb 26, 2021 03:44 PM IST

    Budget provided clear roadmap to expand private sector participation: PM Narendra Modi

    “The government's vision of the country's financial sector is very clear – with place for ifs and buts. Our top priority is to ensure that depositors and investors experience trust and transparency. The old ways and old systems of banking and non-banking sectors are being changed,” PM Modi said.

  • IBA compiling list of bad loans for bad bank proposed in Budget: Report Feb 25, 2021 04:07 PM IST

    IBA compiling list of bad loans for bad bank proposed in Budget: Report

    The list compiled will have details of NPLs (in or outside consortium) above Rs 500 crore which are nearing resolution under the bankruptcy courts or are in the liquidation process.

  • Privatise, monetise and modernise is the right approach Feb 25, 2021 01:35 PM IST

    Privatise, monetise and modernise is the right approach

    The private sector will bring in investment, modern technology and better global management practices

  • DAILY VOICE | 4 key risks that the bulls have to defend in 2021, according to Tarun Birani of TBNG Capital Advisors Feb 24, 2021 07:24 AM IST

    DAILY VOICE | 4 key risks that the bulls have to defend in 2021, according to Tarun Birani of TBNG Capital Advisors

    As for the markets, the increase in Budget expenditures and borrowings may take a toll on inflation but with a growth-oriented investment outlay this could play out well for the markets, says Birani.

  • UCO, Bank of India among 12 stocks that rallied up to 70% post Budget; here's why Feb 23, 2021 01:47 PM IST

    UCO, Bank of India among 12 stocks that rallied up to 70% post Budget; here's why

    Apart from the Budget-related triggers, the macro factors are improving as the economy re-opens also added to the strength in the rally. But, structurally things remain weak, suggest experts.

  • Budget Fallout: The central bank jostles markets Feb 22, 2021 12:44 PM IST

    Budget Fallout: The central bank jostles markets

    Challenge of repressing yields intensifies, expands battle in the forex market 

  • Finance Minister Nirmala Sitharaman says EPS tax limit ‘can be reviewed’ Feb 22, 2021 11:17 AM IST

    Finance Minister Nirmala Sitharaman says EPS tax limit ‘can be reviewed’

    Sitharaman has also said there is no plan to merge EPF with the National Pension Scheme and they will continue to remain in their present forms.

  • Budget 2021 is about govt role as facilitator, private sector as key driver of growth: FM Nirmala Sitharaman Feb 21, 2021 05:58 PM IST

    Budget 2021 is about govt role as facilitator, private sector as key driver of growth: FM Nirmala Sitharaman

    Sitharaman underlined that the nation's growing and aspiring needs and demands across the various sectors cannot be served just by the state government and central governments put together.

  • FM Sitharaman on divestment: PSUs need to be run more efficiently to ensure productive use of taxpayers’ money Feb 20, 2021 01:28 PM IST

    FM Sitharaman on divestment: PSUs need to be run more efficiently to ensure productive use of taxpayers’ money

    Finance Minister Nirmala Sitharaman said the government wants to divest so that the units are run more professionally with the help that may be available outside the government

  • PSB privatisation: Can government outfox India’s powerful trade unions? Feb 19, 2021 06:02 PM IST

    PSB privatisation: Can government outfox India’s powerful trade unions?

    Reversing bank nationalisation is a politically sensitive step. But, the government seems to have a plan this time.

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