The Union Budget was presented by Finance Minister Nirmala Sitharaman. So, what does it have for consumers and consumption in general? Business Standard's Viveat Susan Pinto explains the finance minister's speech. Watch the video.
Union Finance Minister Nirmala Sitharaman made a major announcement in the Union Budget 2020-21 related to the agriculture sector on Monday, saying that the Agriculture Infrastructure Fund would also be available for Agricultural Produce Market Committee (APMC) mandis. Sitharaman has announced to hike the target of agricultural loans (farm credit) to Rs 16.5 lakh crore in the Union budget. Apart from this, the budget for Sukshma Sinchai Yojana (micro-irrigation project) has also been doubled. Business Standard's Sanjeeb Mukherjee decodes the announcements of the finance minister and its likely impact on the agriculture sector.
Budget 2021: Finance minister Nirmala Sitharaman in her Budget speech announced that the initial public offer (IPO) of Life Insurance Corporation of India (LIC) will be out in FY22. Business Standard's Samie Modak explains Finance Minister's key anno
Indian Finance Minister Nirmala Sitharaman on Monday unveiled the budget for fiscal 2021-22, that aims to shore up an economy badly-hit by the novel coronavirus pandemic. The economy is projected to contract 7.7% in the current fiscal year, although the government forecasts growth of 11% for the coming fiscal year, after a massive Coronavirus vaccination drive and a rebound in consumer demand and investments. Watch the video for major highlights
Finance Minister Nirmala Sitharaman will present the Union Budget 2021 on February 1. The Budget is an estimate of income and expenditure of the government for a set period of time. It is an annual financial statement of India. The Budget also documents how much money the Centre could expect to raise in the coming fiscal and how and where it would spend the money. The Budget is prepared by the Ministry of Finance in consultation with other ministries, states and experts. Ministry officials hold discussions with non-governmental organisations (NGOs), private sector and other stakeholders before preparing the Budget.
Farmers' agitation: The Bharatiya Kisan Union-led protest against the Centre's new farm laws in Delhi looked like it was going slim on Thursday but more protestors have joined the stir, following a mahapanchayat of farmers on Saturday in Muzaffarnagar, while supporters also poured in from Haryana and Rajasthan districts. This all happened after Bharatiya Kisan Union leader Rakesh Tikait 'complained' of police excesses and conspiracy against the farmers with tears in eyes two days ago. But who is Rakesh Tikait? Watch the video to know more about him.
From the enigma behind the Indian economy’s better-than-expected recovery to why Prime Minister Modi and Home Minister Amit Shah need Yogi Adityanath to win UP again, here's what Business Standard columnists wrote this week.
India's economic growth is likely to rebound with a 11 per cent growth in the next financial year as it makes a 'V-shaped' recovery after witnessing a pandemic-led carnage, the Pre-Budget Economic Survey said on Friday. The Gross Domestic Product (GDP) is projected to contract by a record 7.7 per cent in the current fiscal ending March 31, 2021. India witnessed its last annual contraction of 5.2 per cent in fiscal year 1979-80. watch the video for key highlights of Economic Survey.
The Union Budget is just around the corner and while all Union Budgets are important, this one would be even more keenly eyed as it comes on the heels of an unprecedented pandemic that has substantially altered India's economic landscape. Led by back-to-back GDP contraction for the two quarters in FY21, India even entered 'technical recession' and rendered millions jobless. In this backdrop, Finance Minister Nirmala Sitharaman has a daunting task ahead of her to not only ramp-up growth but also create employment opportunities. Here's a quick glance at 5 things, D-Street is expecting from the Union Budget.
Did you know that the finance minister's Budget speech has no legal sanctity in India? Yes, there is no provision for the Budget speech under the Constitution of India or any law. It is in addition to what is provided under various laws. Technically, once the FM has presented the three key documents, the Budget exercise is over, says our in-house policy expert A K Bhattacharya in his special video series Beyond Budget Headlines with AKB, as he explains the important areas that we should focus on while listening to the finance minister's speech. Union Budget 2021-22 which will be presented on 1st February 2021 will be the first budget in the history of India in the paperless form. >
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.
From the need for the government to tackle the Budget with sense and restraint to why investors should not lose sight of fundamentals amid a roaring rally, here's what Business Standard columnists wrote this week.
IPL 2021 auction: Fifty-seven players have been released by eight Indian Premier League (IPL) franchises ahead of the 2021 auction, to be held next month. They include Mumbai Indians' fast bowling great Lasith Malinga, former Rajasthan Royals captain Steve Smith, Chennai Super Kings (CSK) off-spinner Harbhajan Singh, and Kings XI Punjab all-rounder Glenn Maxwell. Watch the video for full list of retained and released players of the eight teams.
Do you get intimidated by Budget terminology? Business Standard's Bindisha Sarang explains a glossary of terms used by the Finance Minister in her speech on February 1. Watch this short video on five key things you should about the Union Budget.
Will Rishabh Pant's heroics in Australia this week impact his fortunes in endorsement space? Will this monumental Test series win lead to a massive boost in the brand value of most of Team India members? Is this a watershed moment for a series of young Indian cricketers, and not just Rishabh Pant? Business Standard's Viveat Susan Pinto and Dhruv Munjal talk about the impact of India's win in advertising world, the 'first superstar' Sachin Tendulkar and the emergence of a brand called Virat Kohli.
Do you know former Prime Minister Indira Gandhi was the first woman to have presented the Union Budget? Do you know what Nirmala Sitharaman means when she utters the word ‘fiscal deficit’ in her budget speech? Watch the video to know about the key terms used in Finance Minister's speech and some interesting facts about India's Budget.
The Budget is going paperless. The move was expected, as printing documents during Covid pandemic is problematic. So, how should people access the documents? In the sixth episode of ‘Beyond Budget Headlines with AKB’, Business Standard’s special video series in the run-up to Budget 2021, we also discuss the speculation and consequences of raising the tax exemption limit and the possibilities of implementing a Covid cess or surcharge. The move of raising exemption limit could see income tax rates increasing for those earning above Rs 5 lakh, says our in-house policy expert A K Bhattacharya, as he terms it a 'dangerous' proposal. Spurring demand or increasing investments -- what is the bigger challenge for the Finance Minister in this Budget? Watch this episode to learn why it would be prudent for the government to allocate more for capital expenditure
From the historical precedent for budgets presented after a contraction in the economy to what unicorns' coming of age means for big business and retail investors, here's what Business Standard columnists wrote this week.
Parts of country have imposed a temporary ban on sale and storage of poultry or processed chicken meat in view of the bird flu situation. As many as 238 birds including chickens were reported dead in Maharashtra on Wednesday and samples have been sent to the labs to check if avian influenza was the cause. Other states too have either confirmed cases or have sent samples for testing. What is the status now and is it a panic situation for people and industry? Watch the explainer video
It will be for the first time in over five decades that India will not have a chief guest at the Republic Day parade. The decision comes days after British Prime Minister Boris Johnson cancelled his visit to India to grace the Republic Day celebrations in view of the spread of a new variant of the coronavirus in the United Kingdom. India had invited Johnson as the Republic Day chief guest and he accepted India's invitation, calling it "a great honour". However, on January 5, Johnson cancelled his India visit due to the pandemic. Watch the video to know some interesting facts about times when - India did not a chief guest on January 26 or a foreign leader turned down the invitation.