For the next 2021-22 fiscal, the deficit has been pegged at 6.8 per cent of GDP, which will be further lowered to 4.5 per cent by the fiscal ending March 31, 2026
It was clear even when the business blueprint of IDFC Ltd was being drawn up that a model based on a DFI which floated bonds (retail or wholesale) may not work
Congress leader Shashi Tharoor accused Finance Minister Nirmala Sitharaman of evading questions during the Lok Sabha session on Saturday
Sitharaman on Saturday said that the government, undeterred by the Covid-19 pandemic, has been pursuing reforms for achieving sustained long-term growth i
She says government's cronies are the common people of the country
Sitharaman hit out at Rahul Gandhi saying he is becoming a 'doomsday man' for India by constantly insulting constitutional functionaries and creating fake narratives on various issues
Finance Minister Nirmala Sitharaman on Saturday said the Union Budget 2021-22 has set the pace for India to become Aatmanirbhar
Sitharaman said that the ongoing Covid-19 situation did not deter the Central government from taking measures for reforms that are necessary for sustaining long term growth for this country
Union finance minister Nirmala Sitharaman will reply to the discussion on the Union Budget in Lok Sabha on Saturday at 10 am.Saturday will also mark the end of the first part of the Budget session of the Parliament.Sitaraman, while replying to the discussion on the Union Budget in Rajya Sabha on Friday, slammed the Opposition and accused them of constantly alleging a false narrative that the government only worked for cronies and said several of the Centre's schemes were for the poor.She reminded members of the Upper House of several schemes that have been implemented for the poorer sections of the country, like the Pradhan Mantri Awas Yojana and the Pradhan Mantri Saubhagya Yojana.She also said the Union Budget 2021-22 is the instrument through which Aatmanirbhar Bharat is to be attained and asserted that the government is also looking at "long term sustainable growth".Finance Minister had presented the Union Budget 2021-22 in the Parliament on February 1.
Budget is the instrument for Atmanirbhar Bharat, says FM Nirmala Sitharaman
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'There is a lot of grudge in the speech of the former finance minister... So, I feel that there is a little grudge not to recognise how prime minister handled the corona crisis,' she said
FM to reply on Budget discussion
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Finance MNinister Nirmala Sitharaman's replying to the discussion on Union Budget in the Rajya Sabha on February 12
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Finance Minister Nirmala Sitharaman on Thursday said that fixing 41 per cent as share of states from the divisible pool of taxes should not be seen as a "reduction" but was a result of one state becoming two Union territories. Her remarks came in response to a query in Lok Sabha about the allocation by NCP member Supriya Sule. States' share coming down to 41 per cent from 42 per cent should not be read as a reduction, the minister said. "42 per cent was the devolution formula based on the Finance Commission's recommendations as states' share but when there is one less state, which has become a Union territory... to that extent that one per cent was brought down," she said during an intervention on Budget discussion. It is because that portion has to be added to Union territories to which the Centre distributes, she added Jammu & Kashmir has been converted into Union territories of J&K and Ladakh. "So, kindly don't read as reduction in devolution of quantum... if there is one ..