Page 19 - Budget 2021

Minority Affairs Ministry allocated over Rs 4,810 crore in Budget

The Minority Affairs Ministry was allocated Rs 4,810.77 crore in the 2021-22 Union Budget on Monday which is Rs 805.77 crore more than than the revised figures of the previous fiscal.

Budget 2021 will give major boost to employment, says Prakash Javadekar

Union Minister for Information and Broadcasting Prakash Javadekar on Monday hailed the Union Budget 2021-22 as forward looking and said it will give a major fillip to employment

Mercedes, Skoda say custom duty hike on certain parts to increase prices

The proposal to increase customs duty on certain imported automotive parts in the Union Budget 2020-21 will lead to increase in car prices, according to Merecedes-Benz India and Skoda Auto Volkswagen

Union Budget 2021 ignored unorganised sector, says traders body

The government is banking on the organised sector which provides only 10 per cent of jobs and has ignored in the Union budget the unorganised sector which provides employment for the rest

Interest on employee's PF contributions over Rs 2.5 lakh to be taxed

One per cent of EPF contributors to be affected

From 6 pillars of Budget 2021 to tax proposals: Decoding the fineprint

In her Budget speech that lasted for around 1 hour and 45 minutes, Finance Minister Nirmala Sitharaman doled out enormous amounts for railways, roadways, health care, education as well as the agriculture sector. Besides, the finance minister laid out a new import structure along with proposals for a conducive environment to usher in investments into FinTech, insurance and Start-ups. Further, the minister set aside Rs 20,000 crore for public sector bank re-capitalisation and gave a push to digital payments and research in Artificial Intelligence. Business Standard's Shrimi Choudhary analyses the key announcements made by the finance minister in this video.

Env ministry's outlay falls; vehicle scrapping policy to fight pollution

The Centre on Monday earmarked a separate Rs 2,217 crore for 42 urban centres to tackle air pollution

Budget development-oriented, will upgrade India's economy: Adityanath

Uttar Pradesh Chief Minister Yogi Adityanath on Monday said the Union Budget will prove to be a milestone in upgrading India's economy and will ensure development of all sections of society.

Budget: Education gets Rs 93,224 cr, Rs 8100 cr more than revised estimates

The Ministry of Education has been allocated Rs 93,224.31 crore in the 2021-22 Budget

Budget 2021: FDI cap hike in insurance set to attract US, European firms

The country's investment promotion agency, Invest India, expects the insurance market to be worth around $250 billion by 2025

Rs 50,000 cr allocation to NRF will spur innovation: Experts

The allocation of Rs 50,000 crore over five years to the National Research Foundation announced in the Budget will spur innovation, industry experts have said

Disappointed over govt policies on FDI, disinvestment in Budget 2021: BMS

RSS-aligned Bharatiya Mazdoor Sangh (BMS) expressed disappointment over government's budget proposals with regard to disinvestment and foreign direct investment especially in the insurance sector.

An expansionary Budget, aimed at fostering growth and balanced development

The Budget has managed to "balance" the industrial development needs with those of the social and rural sectors

Military sees small increase in budget even as China standoff simmers

Both India and China have moved thousands of soldiers, tanks, artillery to the disputed border

Budget 2021: Textile industry welcomes setting up 7 mega textiles park

The textile industry welcomed the setting up of 7 mega textiles parks proposed in the Union Budget 2021-22, saying this will make the industry globally competitive

All-inclusive budget touches every section of society: J P Nadda

The BJP on Monday hailed the Union Budget as one for an 'Aatmanirbhar Bharat'

Govt has bypassed health, education in Budget, says Sisodia

Delhi Deputy Chief Minister Manish Sisodia has expressed his displeasure over the Union Budget 2021-2022

Govt depts to add over 140,000 jobs by March 2021: Union Budget

Over 1.4 lakh jobs are estimated to be created between March 2019 and March 2021 in various central government departments, according to the Union Budget presented on Monday.

Demand for affordable housing to rise on extension of tax sops: Realtors

The government has extended additional tax deduction of Rs 1.5 lakh on home loan interest till March 2022

SII, Bharat Biotech welcome enhanced focus on health in Budget 2021

Serum Institute of India and Bharat Biotech applauded the government's increased allocation for the healthcare sector and on providing Rs 35,000 crore towards Covid-19 vaccination in 2021-22 fiscal.