Page 1532 - Economy & Policy News

India asks Sri Lanka, Japan to abide by its commitments on ECT deal

India on Monday asked all sides to abide by the existing understandings and commitment of a trilateral agreement involving Sri Lanka and Japan to develop the strategic Colombo Port's ECT

Budget 2021: Many positives for mfg sector and CVs, says Ashok Leyland MD

Lauds road infra thrust, scrappage policy among other announcements

Subsidy bill nears Rs 6 trn in FY21 on extra free foodgrain distribution

On Monday, Finance Minister Nirmala Sitharaman presented revised numbers of major subsidies

Winners and losers: Who got what in India's pandemic budget

Finance Minister Nirmala Sitharaman had promised an unprecedented budget aimed at buoying the economy

Budget 2021 aims to reset economy with honesty in numbers, without doles

Budget aims for minimum government interference while ensuring there is certainty in the tax rates and other rules

Budget 2021 can be a turning point in India's socialist orientation

The government focuses on developing infrastructure, dares to gamble on deficit.

15th Finance Commission keeps tax devolution to states FY22-26 at 42%

The 15th Finance Commission has recommended that the states be given 42 per cent of the divisible tax pool of the Centre during the period 2021-22 to 2025-26

Budget share of capital expenditure highest in decade, aims for investments

Public spending push is expected to help push growth after pandemic slowdown in investments

Sitharaman gives further push to affordable housing projects in Budget 2021

Sitharaman proposed to extend the Rs 1.5 lakh benefit on interest paid on affordable housing loans by one year to March 31, 2022. Last year this was extended by a year to March 2021 from March 2020

Budget 2021 to spend Rs 2.23 trn on healthcare, raising outlay by 137%

New central scheme called Atmanirbhar Swasth Bharat Yojana gets Rs 64,180 crore in Sitharaman's budget

Budget to spend Rs 2.84 trillion on health, raising expenditure by 137%

Sitharaman has announced Rs 35,000 crore for Covid-19 vaccination this year

Budget 2021: FM Sitharaman proposes doubling of healthcare spending

India, which has the world's second highest coronavirus caseload after the United States, and currently spends about 1 per cent of gross domestic product on health

Budget 2021: Capital expenditure hiked 34.5% to Rs 5.54 trillion in FY22

The government's planned capital expenditure for the current fiscal has been increased to Rs 4.39 trillion, as against the Budgeted Rs 4.12 trillion

FM proposes to raise capital expenditure to Rs 5.54 trillion in FY22

Finance Minister Nirmala Sitharaman on Monday proposed to increase the capital expenditure to Rs 5.54 lakh crore in the financial year starting April 1, 2021

Rs 35,000 cr budgeted for Covid-19 vaccination expenditure in FY22: FM

The Budget outlay for health and well being is Rs 2.23 lakh crore in 2021-22 as against BE of Rs 94,452 crore and marks an increase of 137 per cent, says Nirmala Sitharaman

Plug-and-play model the missing link in leather, footwear sector: R Selvam

India is the second largest global producer of footwear with 2.6 billion pairs/year in 2019, whereas China ranks first with 13.47 billion pairs

Farmers protest: Global Indian diaspora seeks repeal of three farm laws

Expressing solidarity with agitating Indian farmers, an alliance of various diaspora organisations has demanded repeal of 3 agricultural laws that have caused unrest in country's farming community

Budget 2021: Additional revenue measures unlikely, reckons Axis Capital

Axis Capital said in a note that recently revised corporate tax structure would be retained to maintain policy consistency so as to not deviate from objective of attracting new investments

Covid spending to tax revenue: Key numbers to watch out for in Budget 2021

Here are the key numbers to watch out for in the Budget for 2021-22, which is widely expected to be a "economic vaccine" for the pandemic-battered economy.

India's Jan factory activity at 3-mth high, manufacturing PMI rises to 57.7

The Nikkei Manufacturing Purchasing Managers' Index , compiled by IHS Markit, rose to 57.7 in January from December's 56.4, above the 50-level separating growth from contraction for 6th straight month