Union Budget 2021

Moneycontrol Pro Weekender | The Budget must build confidence

The government has already shown the way by opting for bold reforms during the pandemic

Budget 2022 | Allocate more to reduce turbulence in aviation sector

To accelerate the recovery and support the aviation industry, the government could consider favourable measures, including rationalisation of duties, focus on continuing improvement in regional connectivity through a regional connectivity scheme or UDAN

Budget 2022 | Expected: Strong policy focus on renewables

Budget 2022 is expected to provide a stimulus to support the investment requirements in renewable energy, and also aid the availability of long tenure funding avenues

Budget 2022: Is there really a need for fiscal consolidation?

Rather than appreciating the positive role played by fiscal policy, economists are once again attempting to script a return to a world where the governments recede into the background and market forces dominate

Budget 2022 must continue to provide an impetus to domestic market

It is expected that the central theme of Budget 2022 would continue to provide an impetus to the market to boost it for domestically-manufactured goods to reduce import dependency, and promote the ‘Make in India’ initiative

India’s once-in-a-century budget runs into trouble as coronavirus strikes back

The budget aimed to revive Asia’s third-largest economy via investing in infrastructure and health care, while relying on an aggressive privatisation strategy and robust tax collections - on the back of projected growth of 10.5 percent - to fund its spending in the fiscal year.

Two-day bank strike from today, services to take a hit as employees protest privatisation

About 10 lakh bank employees and officers will participate in the strike, the United Forum of Bank Unions has said. Fearing job losses, the unions want the Centre to withdraw its plan to privatise state-owned banks.

Budget tilted towards supporting growth; FY22 fiscal deficit target of 6.8% realistic: Moody's

It said the government's fiscal deficit for 2020-21 and 2021-22 should be lower than projected, supported by stronger revenue generation in ongoing March quarter and higher nominal GDP growth in the next fiscal year.

Brokerages bet on these 20 mid and smallcaps to ride the expected recovery

Over the last 12 months, midcaps are up 16 percent compared to a rise of 14 percent for the Nifty. Although they have underperformed benchmark over the last five years.

Focus on infrastructure spending in Budget 2021 expected to boost petrochemicals demand: Govt

Increased spending on infrastructure development in sectors like agriculture, healthcare and automobiles will result in increased demand for petrochemicals, according to an official statement.

India's high priority for now should be to grow at 7-8%: Former RBI governor Bimal Jalan

Asked whether India will be able achieve a $5-trillion economy target by 2024-25, former RBI governor Bimal Jalan said, "We are in 2021. So, four years are there and as of now, it does not seem that we will be able to reach that target."

FPIs invest Rs 22,038 crore in February so far amid post-Budget cheer

Overseas investors poured in Rs 20,593 crore into equities and Rs 1,445 crore in the debt segment, taking the total net investment to Rs 22,038 crore during February 1-12.

Agreed to 15th Finance Commission's suggestion on non-lapsable Defence Fund: Finance Minister

The 15th Finance Commission had recommended constitution of Modernisation Fund for Defence and Internal Security (MFDIS), a non-lapsable dedicated fund to bridge the gap between projected budgetary requirements and allocation for internal security and defence.

Centre extends bid submission deadline for Shipping Corp to March 1

The Cabinet had in November last year gave in-principle approval for strategic divestment of Shipping Corp and Container Corp of India Ltd. However, the plans were delayed due to the pandemic.

FM Nirmala Sitharaman attacks opposition for creating false narrative around Budget

FM Nirmala Sitharaman said that despite government scheme and initiatives ranging from roads to agriculture, housing, scholarships to electricity benefiting lives of people, a false narrative was being created by the opposition that the government was working for cronies.

Stock markets received FY'22 Budget with positivity: FM Nirmala Sitharaman

Nirmala Sitharaman said the Budget, which was presented in Parliament on February 1, has set the tone for greater play of the private sector, gave space for entrepreneurship, has come clean on the spending intent and unveiled a policy highlighting areas the government wants to stay away from.

What does Budget 2021 mean for stock market?

Centre working on ‘bank-driven', not government-driven, solution for bad assets: FM Nirmala Sitharaman

The Union Finance Minister while reacting to opposition's allegation of 'selling family silver', stated that the government for the first time has devised a clear strategy on divestment so that taxpayers' money is spent wisely, adding it wants few public sector enterprises in specified sectors to do well.

Nabard disburses Rs 16,500 crore under RIDF in first 10 months of FY21

Mumbai, Feb 6 The National Bank for Agriculture and Rural Development (Nabard) on Saturday said it has sanctioned Rs 30,200 crore and disbursed Rs ..

Budget 2021-22 will usher in new era of development in J-K, Ladakh: Tarun Chugh

The BJP leader said the total budget allocation of Rs 30,757 crore for the Union Territory of Jammu and Kashmir would help boost the economic growth in the region.

Budget 2021 'booster rocket' for economy, will make this decade 'Roaring 20s' for India: Jayant Sinha

The impact of this Budget will be that the country will not only see a very strong recovery this fiscal, but also in the following years, India will continue to grow at 7 to 8 percent, said Jayant Sinha, who was the minister of state for finance in the first term of the Modi government.

Days after Union Budget; hike, cut in steel prices