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Budget 2021

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Moneycontrol

Budget 2021

Associate Partners:

  • SMCSamsungVolvo
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  • Govt to overhaul fiscal roadmap, may aim budget deficit at 4% of GDP by FY26 Jan 18, 2021 07:37 AM IST

    Govt to overhaul fiscal roadmap, may aim budget deficit at 4% of GDP by FY26

    The fiscal deficit -- difference between Centre's expenditure and revenue - is expected to be in the range of 7-8 percent of GDP in 2020-21. From that, it may gradually come down to 4 percent of GDP by 2025-26. This means that the long-standing medium- term target of 3 percent of GDP, as mandated by the FRBM Act, no longer holds.

  • upGrad sees 100% revenue growth since March FY20 Jan 08, 2021 11:27 AM IST

    upGrad sees 100% revenue growth since March FY20

    The company further forecasts ‘impacting careers of a million youth and working professionals in the next 18 months’.

  • EXCLUSIVE | Centre's FY20-21 fiscal deficit likely to be around 7% of GDP Jan 04, 2021 07:34 AM IST

    EXCLUSIVE | Centre's FY20-21 fiscal deficit likely to be around 7% of GDP

    It should be remembered that the fiscal deficit will be a percentage of a lower nominal GDP than the Rs 225 lakh crore that the last budget had assumed for 2020-21. The target for the year, set before the pandemic, was 3.5% of nominal GDP

  • GST collections for December highest ever at Rs 1.15 lakh crore Jan 01, 2021 01:36 PM IST

    GST collections for December highest ever at Rs 1.15 lakh crore

    The previous record monthly GST collection was nearly Rs 1.14 lakh crore in April 2019. December 2020 revenue 11.6% higher than same month last year, the fourth consecutive month of year-on-year higher collections

  • Cabinet approves spectrum auction; to take place in March Dec 16, 2020 03:48 PM IST

    Cabinet approves spectrum auction; to take place in March

    After four years, the government is set to auction telecom spectrum, at a time when receipts from such auctions are much needed when tax and other sources of revenue are hit due to COVID-19.

  • L&T Infotech's deal win gathers pace, sharpens focus on cloud and data products Dec 14, 2020 09:55 AM IST

    L&T Infotech's deal win gathers pace, sharpens focus on cloud and data products

    Large deal wins show signs of recovery after a tepid first half of the fiscal year for L&T Infotech. The company signed two large contracts so far this quarter and sees strong opportunities in the cloud and data products business

  • As economy picks up pace, GST collection, FDI trends show signs of revival Dec 02, 2020 05:53 PM IST

    As economy picks up pace, GST collection, FDI trends show signs of revival

    Total FDI inflows into India in second quarter of financial year 2020-21 have been $ 28,102 million. Of this, FDI equity inflows were $23,441 million

  • Mumbai-based Ashwin Sheth Group clocks over Rs 250 crore sales in last three months Oct 14, 2020 03:51 PM IST

    Mumbai-based Ashwin Sheth Group clocks over Rs 250 crore sales in last three months

    The company has residential projects in Mulund, Thane and Dahisar

  • Fiscal deficit at August-end at nearly 110% of budget estimates Sep 30, 2020 06:13 PM IST

    Fiscal deficit at August-end at nearly 110% of budget estimates

    Finance Minister Nirmala Sitharaman has assured repeatedly that there will be no compromise on capital expenditure by the centre and the state-owned companies. However, data showed that the centre’s capital expenditure of Rs 22,598 crore in August was the lowest among all months so far this year

  • Budget 2021-22 preparations begin; FY 2019-20 to be base year for revenue and expenditure projections Sep 29, 2020 03:13 PM IST

    Budget 2021-22 preparations begin; FY 2019-20 to be base year for revenue and expenditure projections

    Total revenue for 2019-20 was Rs 17.5 lakh crore, compared to revised estimates of Rs 19.32 lakh crore. Net tax revenue for 2019-20 was seen at Rs 13.56 lakh crore, which was 90 percent of revised estimates

  • Exclusive: PharmEasy FY20 revenue nearly doubles to Rs 637 crore Sep 15, 2020 10:21 AM IST

    Exclusive: PharmEasy FY20 revenue nearly doubles to Rs 637 crore

    PharmEasy’s trading entity, run by Thea Technologies Pvt. Ltd earned Rs 637 crore in FY20, compared to Rs 340 crore in FY19, according to its unaudited financial statements. Its losses before tax for the period also doubled to Rs 100.7 crore from Rs 50 crore a year earlier.

  • Mumbai stamp duty collection down for August as homebuyers wait for stamp duty rate cut Sep 04, 2020 10:49 AM IST

    Mumbai stamp duty collection down for August as homebuyers wait for stamp duty rate cut

    Mumbai stamp duty numbers are likely to go up during the festival season after pitru paksha ends

  • GST Council Meeting: Inside the Centre vs States tug-of-war Aug 27, 2020 12:58 PM IST

    GST Council Meeting: Inside the Centre vs States tug-of-war

    According to the GST law, the Centre is expected to pay compensation to states for the states' loss of revenues because of subsuming of taxes.

  • Taxing times ahead: Revenue contraction of 8% may hurt govt's spending plans Jul 27, 2020 02:36 PM IST

    Taxing times ahead: Revenue contraction of 8% may hurt govt's spending plans

    In Budget 2020-21, the government has pegged gross tax revenues at Rs 24.23 lakh crore, a 12 per cent increase from Rs 21.63 lakh crore in the previous fiscal.

  • GST: Give states their dues at the earliest Jun 19, 2020 09:32 AM IST

    GST: Give states their dues at the earliest

    The central government should not dither on paying compensation to states for their GST revenue shortfall

  • GST Council meeting today: From the issue of compensation to states to revenue generation; Here's what's on the agenda Jun 11, 2020 02:26 PM IST

    GST Council meeting today: From the issue of compensation to states to revenue generation; Here's what's on the agenda

    The Finance Ministry is not in favour of increasing GST rates on non-essential items, despite depressed revenue collections due to the nationwide lockdown to contain the spread of COVID-19.

  • COVID-19: Insights from the Berlin startup ecosystem Jun 10, 2020 03:23 PM IST

    COVID-19: Insights from the Berlin startup ecosystem

    The exchange of information and best practices, as well as the provision of liquidity are the most crucial elements of startup support during this time

  • Kerala’s double standards towards alcohol sale and liquor consumption Jun 07, 2020 10:29 AM IST

    Kerala’s double standards towards alcohol sale and liquor consumption

    A predominant part of Kerala’s revenue comes from the sale of alcohol, but the State and society have an uneasy relationship with its tipplers

  • Reopening India | Multiplexes will have to reinvent themselves Jun 04, 2020 02:43 PM IST

    Reopening India | Multiplexes will have to reinvent themselves

    Post-COVID-19, multiplexes will have to be ready for a second innings where they will have to move away from being multi-screens that just offer food and beverages to becoming Multi-Purpose Venues

  • Government continued to spend despite falling revenues in April 2020 Jun 01, 2020 09:30 AM IST

    Government continued to spend despite falling revenues in April 2020

    The fiscal deficit in April is already 35.1 percent of the entire year’s budgeted deficit.

  • Modi Govt 2.0 | Centre-state ties go downhill May 27, 2020 09:52 AM IST

    Modi Govt 2.0 | Centre-state ties go downhill

    COVID-19 was a good opportunity for the Centre to repair relations with the states and rebuild trust. Instead, it seemed keener to use the crisis to emphasise its dominance, and show who the boss was

  • States deficit jumps to 4.5% of GDP; revenue gap seen to soar 7-times to 2.8%: Report May 26, 2020 03:15 PM IST

    States deficit jumps to 4.5% of GDP; revenue gap seen to soar 7-times to 2.8%: Report

    As the nine-week long national lockdown to contain the spread of the coronavirus pandemic crippled the economy, the Centre has allowed the states to borrow 200 bps more than the legally mandated 3 per cent deficit

  • Sports during COVID-19 is missing a part of its soul May 22, 2020 02:35 PM IST

    Sports during COVID-19 is missing a part of its soul

    Football is not just sport, or a means to keep people entertained during COVID-19. It’s also business, and the focus of the international market will be to better the home viewing experience

  • Corporate revenues drop over 25% during lockdown; normalcy may take over 1 year to return: Survey May 21, 2020 04:16 PM IST

    Corporate revenues drop over 25% during lockdown; normalcy may take over 1 year to return: Survey

    The survey titled 'COVID-19 and Your Wealth', conducted by online investment provider Scripbox, reveals the impact of the lockdown on company revenues and job losses.

  • Urban Spaces | Migrant workers remain invisible in India and China May 21, 2020 12:04 PM IST

    Urban Spaces | Migrant workers remain invisible in India and China

    While political systems, level of State capacity and trajectory of development may vary, cities in China and India have retained many common threads of socio-spatial exclusion of migrant workers

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