Page 20 - Budget 2021

Steps on infra, customs duty in Budget to promote mnfg, exports: Exporters

Steps announced to develop modern infrastructure and rationalisation of customs duties on different products would help in promoting domestic manufacturing and boosting exports, according to exporters

Investment focus on infra, manufacturing to boost job creation: HR experts

The schemes and outlays proposed by the government in the Budget for core sectors like manufacturing and infrastructure will benefit these segments especially with improved job creation opportunities, HR experts said. Further, the announcement of social security benefits to gig workers and platform workers and the proposed setting up of a portal to collect information on gig workers will create the right impetus for remote and flexible work, they said. "Given the schemes and outlays the government has proposed in the budget for the core sectors - manufacturing and infrastructure, these sectors should see a boost in jobs being created by them," said Rituparna Chakraborty, Co-Founder & Executive Vice President, TeamLease Services. In fact, the plan to set up a professionally managed Development Financial Institution and to allocate Rs 20,000 crore towards capitalising it will not only create employment opportunities, but it will also have a positive impact on consumer spending, ...

Sports budget takes cut of Rs 230.78 cr, Khelo India sees biggest reduction

The impact of the Covid-19 was felt on the national sports budget as the central government on Monday allocated Rs 2596.14 crore for the financial year 2021-22 -- a reduction of Rs 230.78 crore

Budget 2021: FM names Sebi as regulator of proposed spot gold exchange

The FM also proposed to introduce an investor charter as a right of all financial investors across all financial products

Security forces guarding Pak, China receive enhanced funds in Budget

The central security forces guarding the India-Pakistan, Sino-Indian and other frontiers have received an increased amount of funds amid tension with India's western and northern neighbours.

Env min's budget allocation shrinks, Rs 2,217 cr for tackling air pollution

The Centre on Monday earmarked a sum of Rs 2,217 crore for tackling air pollution in 42 urban centres, even as it shrunk the budgetary allocation for the environment ministry from the last fiscal

Science-related ministries earmarked over Rs 15,000 cr in Budget 2021-22

The Ministry of Science and Technology has been allocated Rs 14,793.66 crore in the budget 2021-22, a 20 per cent increase from the current fiscal. Separately, the Ministry of Earth Sciences (MoES) has been allocated Rs 1,897.13 crore. The Ministry of S&T has three departments -- Department of Science and Technology (DST), Department of Biotechnology and Department of Scientific and Industrial Research (DSIR). All these departments played key role in combating the COVID-19 pandemic in the country. In the budget 2021-22, the DST has been earmarked Rs 6,067.39 crore, while the DBT has been given Rs 3,502.37 crore, and the DSIR Rs 5,224.27 crore. In 2020-21, the Ministry of S&T was allocated Rs 14,473.66 crore but it was eventually revised to Rs 11,551.86 crore. The allocation the previous fiscal was Rs 12,637.43 crore. Finance Minister Nirmala Sitharaman in her budget speech said a 'Deep Ocean Mission' will also be launched. "Our oceans are a storehouse of living and non-living .

Bad bank, no Covid cess: Why Sensex zoomed 2,300 pts post Budget proposals

The optimism despite higher borrowing and a wider fiscal deficit, analysts say, was on account of the positive measures to revive the Covid-19 hit economy

Union Budget 'let down like never before', will unravel soon: Congress

The Congress claimed that it will unravel soon, and described the imposition of cess on petrol and diesel in the budget as "vengeful act" against the thousands of farmers

Government slashes fiscal 2021-22 sports budget by Rs 230 crore

In the Union budget presented in Parliament on Monday, the Central government allocated Rs.2,596.14 crore to sports

CPI criticises Union Budget, says it is pro-corporate, nothing for poor

The Communist Party of India (CPI) on Monday criticised the union budget, claiming it was pro-corporate and big businesses and has nothing for the poor.

For direct taxes, Budget 2021 has largely maintained status quo

To further support the start-up ecosystem, the tax holiday has been extended by one year by including start-ups incorporated till March 31, 2022 to be eligible for the tax holiday

Social Justice and Empowerment Ministry allocated Rs 11,689 crore

The Social Justice and Empowerment Ministry, which caters to the welfare of the backward classes and those with disabilities, was allocated Rs 11,689.39 crore

Budget does not address inequities, bold for its fiscal stance: Economists

Economists called the budget 'bold'

Budget: Housing and Urban Affairs Ministry allocated Rs 54,581 crore

The Union Housing and Urban Affairs Ministry was allocated Rs 54,581 crore for the next fiscal

Budget: Dept of Space allocated Rs 13,949 cr after a steep cut last year

Out of the allocated funds Rs 8,228 crore have been earmarked for capital expenditure

No ITR for those of 75 years and above if pension, FD interest in same bank

Senior citizens of 75 years and above having pension income and interest from fixed deposit in the same bank would not be required to file income tax returns for the financial year beginning April 1

Budget silent on 'agri unrest', ignores 'entire north India': Punjab FM

Punjab Finance Minister Manpreet Singh Badal on Monday criticised the Union Budget

Budget 2021: Vehicle scrappage policy to help commercial vehicle makers

Auto industry says move will largely impact sale of commercial vehicles like buses and trucks but is unlikely to give a fillip to sale of personal vehicles

Market Wrap, Feb 1: Here's all that happened in the markets today

Overall, the market capitalization of the BSE-listed companies increased by Rs 6.78 trillion to Rs 192.9 trillion on Monday