Page 174 - Nirmala Sitharaman

Budget 2021 offers tax sops for aircraft leasing in GIFT City

Tax holiday on capital gains, tax exemption for aircraft lease rentals paid to foreign lessors

'Promise and hope': Read and download all Budget 2021 documents here

Among other measures, Finance Minister Nirmala Sitharaman proposed doubling of healthcare spending and lifted caps on foreigners investing in the vast insurance market to help revive the economy

Was FM's Budget like 'never seen before'? Here's what D-Street mavens say

The FM has delivered a unique Budget, wherein all the right measures have been proposed to speed up growth, said Dhiraj Relli, MD & CEO at HDFC Securities

Reactions of industrialists on FM Sitharaman's budget for fiscal 2022

Finance Minister Nirmala Sitharaman on Monday presented the Budget for 2021-22 in Parliament. Following are the reactions of industrialists to budget proposals: Vedanta Resources Executive Chairman Anil Agarwal tweets: "Congratulations to @narendramodi and FM @nsitharaman for a very reformist #Budget2021 with many big ideas including strategic disinvestment of two public sector banks & one insurance company. Thrust on infrastructure will boost growth." Mahindra Group Chairman Anand Mahindra tweets: "In a time of unprecedented economic stress, the Govt's responsibility was to spend enough to revive the economy or else face enormous human suffering. So I had one expectation from this budget: that we should be very liberal in terms of the targeted fiscal deficit. Box ticked." RPG Enterprises Chairman Harsh Goenka tweets: "Combination of Pujara & Pant innings - consistency and flamboyance! Steady focus on infra, commercial laws, ease of business with big shots of monetising PSU ..

Govt to set up asset reconstruction company, AMC to manage NPAs

Finance Minister Nirmala Sitharaman on Monday proposed setting up of an asset reconstruction company and an asset management company (AMC) to clean up non-performing assets in the banking sector. The new entities will help effectively deal with non-performing assets (NPAs) which may see a surge once regulatory forbearance to deal with the impact of COVID-19 is withdrawn. The high level of provisioning by public sector banks for their stressed assets calls for measures to clean up the bank books, the finance minister said while unveiling the Budget for 2021-22. "An Asset Reconstruction Company Limited and Asset Management Company would be set up to consolidate and take over the existing stressed debt and then manage and dispose of the assets to Alternate Investment Funds and other potential investors for eventual value realization," she said. Provision Coverage Ratio in most of the banks is over 80 per cent, which means that the lender has made a provision of 80 per cent against ...

Govt lowers loan limit for debt recovery for NBFCs with Rs 100cr asset size

FM Sitharaman brought down the value of loans that can be introduced for debt recovery under the SARFAESI Act to Rs 20 lakh from Rs 50 lakh for NBFCs having a minimum asset size of Rs 100 crore.

Budge 2021: Goa CM hails Rs 300 crore allotment to mark Independence

Goa Chief Minister Pramod Sawant thanked PM Modi and Union Finance Minister Nirmala Sitharaman for allocating Rs 300 crore in the Union Budget to mark 60 years of the state's Independence.

India slashes basic import duty on crude palm oil to 15% from 27.5%

India cut the basic import duty on crude palm oil (CPO) to 15% from 27.5% earlier, Finance Minister Nirmala Sitharaman said on Monday

Budget 2021 boosts financials; ICICI, IndusInd, IDBI Bank jump over 10%

Finance Minster made various announcements including increase in FDI limit in the insurance sector, recapitalisation and privatisation of select PSU banks

Public-private partnership mode for operational services at major ports: FM

FM said major ports will move from managing operational services on their own to a model where a private partner will operate it for them

Budget 2021 alters levies on auto fuels: agri cess in, excise pruned

Sale price of auto fuels to remain unaffected

Budget: India to set up bad bank to manage record levels of soured debt

The firm will hold problem loans for banks, which can then be sold on to investors at a reduced price, according to plans outlined by Finance Minister Nirmala Sitharaman in a budget speech on Monday

Budget share of capital expenditure highest in decade, aims for investments

Public spending push is expected to help push growth after pandemic slowdown in investments

Govt extends eligibility for claiming tax holiday, capital gains exemption

The government on Monday proposed extension of the eligibility for claiming tax holiday and capital gains exemption for investment in startups till March 31, 2022

MSP regime underwent changes to assure price at 1.5 times making cost: FM

Stressed that the government is committed to farmers' welfare, Finance Minister Sitharaman said the MSP regime has undergone a "sea change" to assure price at least 1.5 times of production cost

India's first paperless Budget is also 100% visionless, says TMC

The TMC lashed out at the Centre over the Union Budget on Monday, saying it was 100 per cent 'visionless' and its theme was 'sell India.'

Budget 2021: FM proposes tax exemption for aircraft leasing companies

The government on Monday proposed tax exemption for aircraft leasing companies

Congress says Budget fails to address the issues, terms it 'anti-farmer'

The Congress on Monday criticised the Centre for failing to address the farm issues and termed the Union Budget as 'Kisan Vidrohi'.

2021 to be year of Chandrayaan-3, says FM, allocates Rs 4,000 cr for oceans

The government allocated Rs 4,000 crore to study the oceans and explore the oceanic biosphere

Sitharaman gives further push to affordable housing projects in Budget 2021

Sitharaman proposed to extend the Rs 1.5 lakh benefit on interest paid on affordable housing loans by one year to March 31, 2022. Last year this was extended by a year to March 2021 from March 2020