Page 33 - Budget 2021

Tax sops over subsidies: Why PLI scheme doesn't enthuse India Inc

Local sourcing of components and state monitoring keep firms away from production-linked incentives

Govt may announce steps in Budget to promote e-commerce exports, imports

Finance minister Nirmala Sitharaman will unveil the Budget for 2021-22 on February 1.

Having your cake and eating it

The relative underperformance of PSU shares in the market reflects all that is wrong with the current ownership and governance structure

Forex crisis to Kargil War: Yashwant Sinha's Budget events and revisions

Sinha's Budget 2002 also saw the maximum rollbacks; he went back on some five Budget proposals

An expansionary consolidation

The Budget can generate an expansionary fiscal impulse even as it consolidates the headline deficit

Healthcare service providers urge govt to raise healthcare spend in budget

The government should increase healthcare spend in the ensuing budget for ramping up the infrastructure in the sector, healthcare service providers have said. "The public spend in healthcare needs to increase from the current 1.2 per cent to at least 2.5 per cent of GDP in the next 3 years, much of which should be invested in creating and modernising our infrastructure. Hopefully, the budget for 2021-22 would take the important first step towards this," Manipal Hospitals MD & CEO Dilip Jose said in a statement. Rapid and proactive actions of the government and the tireless efforts of healthcare workers helped the country navigate the COVID-19 pandemic; however, it exposed the chinks in the healthcare system, and highlighted the need for a major infrastructure revamp, he added. Highlighting the expectations from the budget, Metropolis Healthcare Promoter & MD Ameera Shah said, "The lack of adequate public health infrastructure in India combined with a high Out-of-pocket ...

Govt may hike agriculture credit target to about Rs 19 trn in Budget

With the aim of doubling farmers' income by 2022, the government is likely to raise farm credit target to about Rs 19 lakh crore in Budget 2021-22 to be presented on February 1, according to sources. For the current fiscal, the government has set a farm credit target of Rs 15 lakh crore. The government has been increasing the credit target for the farm sector every year and this time too, the target is likely to be increased to around Rs 19 lakh crore for the 2021-22, sources said. "Non-banking finance companies (NBFCs) and co-operatives are active in the agriculture credit space. The Nabard refinance scheme will be further expanded. Agriculture credit target for the year 2020-21 has been set up at Rs 15 lakh crore," Finance Minister Nirmala Sitharaman had said while announcing the Budget 2020-21. The agricultural credit flow has increased consistently over the years, exceeding the target set for each fiscal. For instance, credit worth Rs 11.68 lakh crore was given to farmers in ..

Budget 2021: Auto industry demands rationalisation of tax, scrappage policy

The auto industry hopes it will assist them in recovering from the pandemic-induced economic shock

Direct tax compliance set to be made easier in upcoming Budget

Budget may resolve issues related to administration

Budget 2021 may show Centre's fiscal deficit at 5.5% of GDP for FY22

The significant shortfall in receipts is likely to lead to the doubling of fiscal deficit to an estimated 6.9 per cent of GDP in FY21

Ahead of tractor rally, farmers announce march to Parliament on Budget Day

Farmers protesting against the Centre's three farm laws on Monday announced that will undertake a foot march towards the Parliament building from various locations on Budget Day, on February 1."On February 1, we will march on foot towards Parliament in Delhi from different locations." Krantikari Kisan Union chief Darshan Pal said here today while addressing a press conference at the Singhu borderFarmers from all across the country are marching towards Delhi to participate the scheduled tractor rally on January 26, Republic Day to protest against the Central Government's three new farm laws.Farmers have been protesting on the different borders of the national capital since November 26 against the three newly enacted farm laws - Farmers' Produce Trade and Commerce (Promotion and Facilitation) Act, 2020; the Farmers Empowerment and Protection) Agreement on Price Assurance and farm Services Act 2020 and the Essential Commodities (Amendment) Act, 2020.

Markets fall for third day amid sell-off in RIL; Sensex falls 500 points

Over the last three sessions, the BSE Sensex has lost 1,444.53 points or 2.90 per cent and the NSE Nifty has shed 405.80 points or 2.8 per cent

Budget Byte: Imports grow after 9 months, signal consumption recovery

This daily series of graphs provides context to some of the critical issues relating to the Union Budget on February 1

Capitalise PSBs, create bad bank to absorb NPAs, says financial sector

Rating agency CARE Ratings said, given that bank credit growth would be higher in FY22 than in FY21, incremental credit would be Rs 10-11 trillion

Toyota seeks simplification of laws, policy support for EVs in Budget 2021

To attract investments for local xEV parts manufacturing, it is necessary that government policy support extends to all xEV technologies proportionate to the social benefits they provide, the company

Beyond Budget Headlines: Oil sector may come to the govt's rescue this year

Oil prices have been rising because of global demand amid a stringent environment of regulations. So, what is Budget 2021 going to do for the oil sector? Tune in for more

Beyond Budget Headlines: Oil sector may come to the govt's rescue this year

Every Budget has something to offer for the oil sector. Oil prices have been rising because of global demand amid a stringent environment of regulations. So, what is Budget 2021 going to do for the oil sector? Boosting revenue collection will be a challenge if oil prices rise and the government has to roll back excise duty hikes, says our in-house policy expert A K Bhattacharya. He also points out that the disinvestment revenue that can be mobilised from the oil sector will be a key factor for Budget. In the seventh episode of Beyond Budget Headlines with AKB, Business Standard’s special video series in the run-up to Budget 2021, we also discuss the expenditure side challenges to the Budget, how to boost foreign investment, and opportunities in Budget to boost jobs and growth.

Best of BS Opinion: Correct course on tariffs, regulating NBFCs, and more

Here's a selection of Business Standard opinion pieces for the day

Correct course on tariffs

Union Budget must avoid failed strategy of protectionism

Govt likely to set up Pradhan Mantri health fund in upcoming Budget

Centre, states to contribute to meet higher public spending target