Page 26 - Budget 2021

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: Govt to revise definition of small companies, says FM

The government on Monday said definition of small companies will be revised by raising capital base to Rs 2 crore from the current limit of Rs 50 lakh

Budget 2021: Govt proposes to increase FDI cap in insurance sector to 74%

The government on Monday proposed to increase foreign direct investment limit in the insurance sector to 74%, a move aimed at attracting overseas players.

Framework soon for electricity consumers to choose service provider: FM

Finance Minister Nirmala Sitharaman on Monday announced that the government will soon put in place a framework to allow electricity consumers choose service providers or discoms.

Govt to launch national monetisation pipeline for brownfield infra assets

Finance Minister Nirmala Sitharaman said the government will launch national monetisation for potential brownfield infrastructure assets

Budget 2021 unveils scheme for setting up mega textile parks in India

The government on Monday unveiled a scheme for setting up mega textile parks in the country, as part of the Centre's efforts to position India as a fully integrated, globally competitive manufacturing and exporting hub for the sector. Finance Minister Nirmala Sitharaman made the announcement while presenting the Budget 2021-22 in Parliament. "A scheme of mega investment textile parks will be launched in addition to the PLI scheme," Sitharaman said. She informed that 7 mega textile parks will be launched in three years as part of the scheme. The mega textile parks will have integrated facilities and quick turnaround time for minimizing transportation losses, eyeing big-ticket investments in the sector. The textile ministry had recently said a scheme and a Mega Integrated Textile Region and Apparel (MITRA) Park, in over 1,000 acres of land with state-of-the-art infrastructure, common utilities and Research and Development (R&D) lab, are under consideration. So far, 59 textile parks

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 announces Rs 18,000 crore scheme for public transport in urban areas

The government on Monday announced a Rs 18,000 crore scheme to augment public transport in urban areas

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

FM Sitharaman announces Rs 2.87 trn outlay for Jal Jeevan mission in Budget

The government on Monday announced the Jal Jeevan mission with an outlay of Rs 2.87 trillion for 4,378 urban local bodies

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

FM announces voluntary vehicle scrapping policy to phase out old vehicles

Finance Minister Nirmala Sitharaman on Monday announced the much-awaited voluntary vehicle scrapping policy to phase out old and polluting vehicles

Aatmanirbhar packages totalling Rs 27 trn sped up structural reforms: FM

Finance Minister Nirmala Sitharaman on Monday said the government's Aatmanirbhar packages totalling Rs 27.1 trillion to deal with the pandemic, accelerated the pace of structural reforms

Budget 2021: Rahul Gandhi demands support to MSMEs, farmers, workers

Ahead of the presentation of the Union budget, Congress leader Rahul Gandhi on Monday said it should provide support to small and medium enterprises, farmers and workers, and generate employment

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

FM Nirmala Sitharaman commences Budget presentation for 2021-22

Finance Minister Nirmala Sitharaman commenced presentation of the Budget for 2021-22 in the Lok Sabha that is expected to provide relief to the pandemic-hit common man

'Made in India' tablet replaces 'bahi-khata' as Budget 2021 goes digital

In a significant change amid digitalisation, Finance Minister Nirmala Sitharaman this year unveiled a 'Made in India' tablet replacing the traditional briefcase before presenting Budget 2021

Union Cabinet meeting underway ahead of budget 2021-22 presentation

A Union Cabinet meeting is underway ahead of the presentation of Budget 2021-22 by Finance Minister Nirmala Sitharaman at the Parliament on Monday

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.

Union budget must benefit those affected by Covid-19, says TRS leader

TRS Member of Legislative Council (MLC) Kavitha Kalvakuntla on Monday said that the budget must benefit those who have been most affected by the Covid-19 pandemic and subsequent lockdowns.