Finance Minister Nirmala Sitharaman has said the upcoming Budget for 2021-22 will sustain the momentum of public spending on infrastructure and have a "vibrancy" to ensure the economic revival continues. She also said at the Assocham Foundation Week that the pace of disinvestment, which has been hit by the Covid-19 pandemic, will pick up in the coming months.

Nirmala Sitharaman to India Inc on Budget 2021, disinvestment activity

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The Enforcement Directorate (ED) on Thursday said it has arrested two directors of a Delhi-based rice company under the anti-money laundering law in a bank-loan fraud case of Rs 1,200 crore involving a consortium of lenders led by the Canara Bank.
Aparna Puri and Rahul Sood, also the key managerial persons of Amira Pure Foods Private Limited (APFPL), were taken into custody on October 8.
A special court dealing with cases lodged under the Prevention of Money Laundering Act (PMLA) in Delhi sent them to the ED's custody till October 11, the federal agency said in a statement.
The money-laundering case stems from a 2020 FIR lodged by the Central Bureau of Investigation (CBI) against APFPL, Karan A Chanana, Radhika Chanana, Anita Daing, Aparna Puri, Rahul Sood and others for allegedly committing fraud, criminal misappropriation, criminal breach of trust, cheating etc. and causing wrongful loss to the tune of Rs 1,201.85 crore to the consortium of banks.
According to the ED, "key accuse

A special court dealing with cases lodged under the Prevention of Money Laundering Act (PMLA) in Delhi sent them to the ED's custody till October 11, the federal agency said

The Delhi Directorate of Education (DoE) has issued an advisory to protect students and parents from the misleading promises of ed-tech companies.
According to the advisory issued on Tuesday, the ed-tech companies lure students and parents with extravagant promises, often leading them to incur loans at excessive interest rates, risking their financial stability.
The DoE said these companies use syllabi and teaching methodologies which are not regulated by NCERT, SCERT and any other educational body.
According to the directorate, many of these firms repackage freely available educational content, market it as exclusive, and employ aggressive marketing strategies and social media campaigns.
The DoE emphasised the strength of Delhi's educational system, which is designed to support learners' mental, emotional, social, and psychological well-being.
It also directed all government and private schools to raise awareness among students about the importance of regular attendance and makin

According to the advisory issued on Tuesday, the ed-tech companies lure students and parents with extravagant promises, often leading them to incur loans at excessive interest rates

The finance ministry will commence from October 10 its pre-Budget meetings with review of six ministries and departments, including new & renewable energy and skill development & entrepreneurship.
The meetings, which will continue through November 11, are being held to firm up budgetary allocations for 2025-26 and finalise the revised estimates for the current fiscal year.
On the last day, Ministry of Railway and Department of Health and Family Welfare will be discussed.
The Union Budget 2025-26 is expected to focus on reforms to further accelerate growth and implement measures to boost job creation and economic demand.
"Pre-budget meetings chaired by Secretary (Expenditure) shall commence in the second week of October 2024. Financial Advisers shall ensure that necessary details...are properly entered in UBIS (Union Budget Information System) before/latest by October 7, 2024," the Budget circular 2025-26 issued by Department of Economic Affairs said.
It will be the second ...

The meetings, which will continue through November 11, are being held to firm up budgetary allocations for 2025-26 and finalise the revised estimates for the current fiscal year

The finance ministry will commence the exercise to prepare the annual budget for 2025-26 from the second week of next month in the backdrop of the Indian economy recording 7 per cent growth rate for the fourth consecutive year.
The budget for the next financial year would focus on reforms to be pushed to further accelerate growth momentum and measures to generate jobs and boost demand in the economy.
"Pre-budget meetings chaired by Secretary (Expenditure) shall commence in the second week of October 2024. Financial Advisers shall ensure that necessary details...are properly entered in UBIS (Union Budget Information System) before/latest by October 7, 2024," Budget circular 2025-26 issued by the Department of Economic Affairs said.
Hard copies of the data in the specified formats should be submitted for cross-verification, it said.
It will be the second budget of the Modi 3.0 government and 8th straight Budget for Finance Minister Nirmala Sitharaman, a rare distinction in Indian ...

Pre-budget meeting shall commence from second week of October, 2024 and shall continue till around mid-November, 2024, it said

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Nirmala Sitharaman to India Inc on Budget 2021, disinvestment activity

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