Page 44 - Budget 2022 News
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
 "Budget 2021 offers tax sops for aircraft leasing in GIFT City")
'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
 "'Promise and hope': Read and download all Budget 2021 documents here")
Budget has vision of 'self-reliance'; Villages, farmers at its heart: Modi
Prime Minister Narendra Modi on Monday hailed the Union Budget, saying it has the vision of 'Aatmanirbharta' (self reliance)
 "Budget has vision of 'self-reliance'; Villages, farmers at its heart: Modi")
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
 "Reactions of industrialists on FM Sitharaman's budget for fiscal 2022")
For every rupee in government kitty, 53 paise to come from taxes
36 paise from borrowings and other liabilities for every rupee in the government coffer
 "For every rupee in government kitty, 53 paise to come from taxes")
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.
 "Govt to set up asset reconstruction company, AMC to manage NPAs")
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.
 "Govt lowers loan limit for debt recovery for NBFCs with Rs 100cr asset size")
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.
 "Budge 2021: Goa CM hails Rs 300 crore allotment to mark 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
 "India slashes basic import duty on crude palm oil to 15% from 27.5%")
Union Budget: 'Atmanirbhar Bharat ka budget', says MP CM Chouhan
Chouhan on Monday said the budget would create job opportunities and fuel growth
 "Union Budget: 'Atmanirbhar Bharat ka budget', says MP CM Chouhan")
Govt reduces customs duty on certain steel items to provide relief to MSMEs
The government looks to provide relief to MSMEs which have been hit hard by high cost of raw materials
 "Govt reduces customs duty on certain steel items to provide relief to MSMEs")
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
 "Public-private partnership mode for operational services at major ports: FM")
Budget 2021 alters levies on auto fuels: agri cess in, excise pruned
Sale price of auto fuels to remain unaffected
Govt to amend Apprenticeship Act to enhance opportunities for youth: FM
Govt on Monday proposed to amend the Apprenticeship Act and realign the National Apprenticeship Training Scheme
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: India to set up bad bank to manage record levels of soured debt")
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
 "Budget share of capital expenditure highest in decade, aims for investments")
Govt proposes Rs 1,000 cr for welfare of tea workers in Assam, West Bengal
The government on Monday proposed to provide Rs 1,000 crore for the welfare of tea workers in two poll-bound states - Assam and West Bengal.
Budget 2021 lays out road map for overhaul of state-run companies
The policy classifies central public-sector companies, banks and insurance companies into four strategic areas
 "Budget 2021 lays out road map for overhaul of state-run companies")
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
 "Govt extends eligibility for claiming tax holiday, capital gains exemption")
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
