A new voluntary vehicle scrapping policy, to phase out old and unfit vehicles, is to be announced, to encourage fuel-efficient, environment-friendly vehicles
She also said increased spending and high market borrowings led to a significant widening of the fiscal deficit
The Budget has tried to support the incipient economic recovery by giving a push to capex
The Budget will give a massive push to the economy and empower the people, says CM Adityanath
The new distribution under horizontal devolution remains broadly unchanged compared to the interim report
States will receive Rs 10.33 trillion in grants
A snapshot of the key numbers released by Finance Minister Nirmala Sitharaman in Union Budget 2021
The onus was on the government to do the heavy lifting for reviving the investment cycle as a broad-based recovery in private capex is not yet in sight
The best thing about the Budget is that it's citizen-centric and investment-based, a national Budget for Indians, says Bidapa
How the Budget affects key sectors of the economy
Additionally, the consumer will hopefully have more to spend in the short term, which will push up demand
Ernst & Young analyses the movement of stocks and gives key reasons behind it
This was the best Budget-day performance for the markets since 1999
The DFI should play a more developmental role in building greenfield infra projects, which could help achieve the target of Rs 5 trillion.
The first Budget of this new decade reimagines India in the form of Aatmanirbhar Bharat like never before, Sunil Bharti Mittal, Chairman, Bharti Enterprises said
Between 2015-16 and 2019-20, the Centre had pumped in Rs 3.56 trillion into these banks through both direct subscription of equity shares and recapitalisation-bonds
Various initiatives like the tax-efficient zero coupon bonds for notified infra debt funds and the introduction of a bill to set up a DFI for infra financing would help create jobs, Sethi says
The Budget kept away from mood dampeners such as an increase in taxes (capital gain taxes) and even the much-feared introduction of Covid cess and wealth taxes, writes Kampani
The Budget for 2021-22 has taken a multi-pronged approach to incentivise consumption and investment opportunities
This Budget is very prudent on the revenue side, with no major change in the direct tax and goods and services tax structures, Bangur says