Page 25 - Budget 2021

MSP regime has assured 1.5 times more price to farmers: Nirmala Sitharaman

Sitharaman on Monday said that the Minimum Support Price regime has undergone a change to assure price to farmers that is at least 1.5 times the cost of production across all commodities

Budget 2021: Govt sets divestment target of Rs 1.75 trillion For FY22

The government on Monday budgeted Rs 1.75 trillion from stake sale in public sector companies and financial institutions, including 2 PSU banks and one insurance company, in the next fiscal year

Covid-related measures led to higher FY21 expenditure of Rs 34.50 trn: FM

Sitharaman also provided Rs 35,000 crore towards Covid-19 vaccination in 2021-22 fiscal

Budget: 8,500 km of highway projects to be awarded in FY22, says Sitharaman

Expressing commitment to augment the country's infrastructure, Finance Minister Nirmala Sitharaman said projects for building 8,500 km of highways will be awarded by March 2022

Govt to borrow Rs 12 trn from markets in FY22, extra Rs 80,000 cr this year

Pegs fiscal deficit at 9.5% of GDP this fiscal, 6.8% the next; 10-year bond yields jump past 6% to trade at 6.09% at 12:30pm

Industry cheers as Budget 2021 increases FDI limit in insurance to 74%

The Insurance Act presently says a company has to be 'Indian-owned and controlled'

Budget 2021: Rs 3,726 crore allocated for forthcoming Census, says FM

The government has allocated Rs 3,726 crore for forthcoming Census, which will be the first digital census, Finance Minister Nirmala Sitharaman said on Monday. Presenting the Union Budget for 2021-22, she said the government is also working on a national language translation initiative. Sitharaman also announced a deep ocean mission with an outlay of more than Rs 4,000 crore over five years. In other measures, she said the government has also proposed to set up a conciliatory mechanism for quick resolution of contractual disputes. Further, the government also proposed to introduce National Nursing and Midwifery Commission Bill, Sitharaman said.

Social security benefit to be extended to platform, gig workers, says FM

The government on Monday said social security benefits will be extended to platform and gig workers. Presenting the Union Budget for 2021-22, Finance Minister Nirmala Sitharaman said the government also proposed setting up of a portal to collect information on gig-workers, building and construction workers, among others. A portal will be set up to collect info on gig & platform workers, building & construction workers, among others to provide them benefits like health, credit (easy financing), food and others, Sitharaman said in her budget speech in Lok Sabha. She noted that for the first time Code on Social Security Code 2020 has made provision for universalisation of social security for the entire workforce including gig and platform workers. The gig and platform workers are those who are engaged by various e-commerce businesses like UBER, OLA, SWIGGY and Zomato. These workers are not paid salaries and hence deprived of social security benefits like provident fund, group ...

Govt provides Rs 15,700 crore for MSME sector in Union Budget 2021

Union Finance Minister Nirmala Sitharaman has made a provision of Rs 15,700 crore for the Ministry of Micro, Small and Medium Enterprises (MSME) sector in the Union Budget 2021-22."We have taken a number of steps to support the MSME sector in this budget. I have provided Rs 15,700 crore more than double the previous year," said Sitharaman while presenting the Union Budget in the Parliament."Financial Inclusion: To further facilitate credit flow under the scheme of Stand Up India for the Scheduled Caste and Scheduled Tribes and also women, I propose to reduce the margin money requirement from 25 per cent 15 per cent only and to also include loans for activities in allied activities in agriculture," the Finance Minister added.The Union Budget 2021-22 proposals rest on six pillars: Health and well-being, physical and financial capital and infrastructure, inclusive development for aspirational India reinvigorating human capital, innovation and R & D, minimum government and maximum ...

Budget's vehicle scrappage policy: How the idea works in other countries

Personal vehicles older than 20 years and commercial vehicles more than 15 will be eligible for exchange, according to Budget 2021

Budget: Govt proposes Rs 20,000-cr recapitalisation for PSBs in 2021-22

Finance Minister Nirmala Sitharaman on Monday said the government would infuse Rs 20,000 crore into public sector banks (PSBs) in 2021-22, to meet the regulatory norms

Budget 2021: Govt to set up Rs 20,000 cr DFI to promote infra financing

FM Sitharaman said the govt will set up a Rs 20,000 crore Development Finance Institution with a view to mobilise Rs 111 trn required for funding of the ambitious national infrastructure pipeline

Rural infra development fund increased to Rs 40,000 crore in FY22: FM

Finance Minister Nirmala Sitharaman on Monday said the allocation to rural infrastructure development has been increased to Rs 40,000 crore for the next fiscal from Rs 30,000 crore in FY21

Govt to incentivise incorporation of one person companies to boost startups

The government on Monday said it proposes to incentivise incorporation of one person companies (OPCs), a move that will benefit startups and innovators.

Govt to privatise two PSBs and insurance firms, LIC IPO slated for FY22

Asset reconstruction company to take over all stressed assets from bank books, manage it before selling it further to private parties such as distressed assets funds

FM announces 7 port projects worth more than Rs 2,000 cr via PPP mode

Finance Minister Nirmala Sitharaman on Monday announced seven port projects worth more than Rs 2,000 crore investment

Budget 2021: Govt to facilitate a fintech hub at Gift city, says FM

Union Finance Minister Nirmala Sitharaman on Monday said that the government will facilitate setting up of a world class fintech hub in Gujarat International Finance Tec (GIFT) city.

Budget: Govt proposes to launch unified securities market code, says FM

The government on Monday proposed to launch a unified securities market code

Govt proposes Rs 2.24 trn outlay for healthcare in 2021-22: FM Sitharaman

The government on Monday proposed Rs 223,846 crore Budget outlay for health and well being for 2021-22, compared to Rs 94,452 crore in the current fiscal, an increase of 137 per cent

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