Page 46 - Budget 2022 News

Industry cheers as Budget 2021 increases FDI limit in insurance to 74%

The Insurance Act presently says a company has to be 'Indian-owned and controlled'

Budget 2021: Rs 3,726 crore allocated for forthcoming Census, says FM

The government has allocated Rs 3,726 crore for the forthcoming Census, which will be the first digital census, Finance Minister Nirmala Sitharaman said on Monday

Social security benefit to be extended to platform, gig workers, says FM

The government on Monday said social security benefits will be extended to platform and gig workers

Govt provides Rs 15,700 crore for MSME sector in Union Budget 2021

Union Finance Minister Nirmala Sitharaman has made a provision of Rs 15,700 crore for the Ministry of Micro, Small and Medium Enterprises (MSME) sector in the Union Budget 2021-22

Budget's vehicle scrappage policy: How the idea works in other countries

Personal vehicles older than 20 years and commercial vehicles more than 15 will be eligible for exchange, according to Budget 2021

Budget: Govt proposes Rs 20,000-cr recapitalisation for PSBs in 2021-22

Finance Minister Nirmala Sitharaman on Monday said the government would infuse Rs 20,000 crore into public sector banks (PSBs) in 2021-22, to meet the regulatory norms

Budget 2021: Govt to set up Rs 20,000 cr DFI to promote infra financing

FM Sitharaman said the govt will set up a Rs 20,000 crore Development Finance Institution with a view to mobilise Rs 111 trn required for funding of the ambitious national infrastructure pipeline

Rural infra development fund increased to Rs 40,000 crore in FY22: FM

Finance Minister Nirmala Sitharaman on Monday said the allocation to rural infrastructure development has been increased to Rs 40,000 crore for the next fiscal from Rs 30,000 crore in FY21

Govt to incentivise incorporation of one person companies to boost startups

The government on Monday said it proposes to incentivise incorporation of one person companies (OPCs), a move that will benefit startups and innovators.

Govt to privatise two PSBs and insurance firms, LIC IPO slated for FY22

Asset reconstruction company to take over all stressed assets from bank books, manage it before selling it further to private parties such as distressed assets funds

FM announces 7 port projects worth more than Rs 2,000 cr via PPP mode

Finance Minister Nirmala Sitharaman on Monday announced seven port projects worth more than Rs 2,000 crore investment

Budget 2021: Govt to facilitate a fintech hub at Gift city, says FM

Union Finance Minister Nirmala Sitharaman on Monday said that the government will facilitate setting up of a world class fintech hub in Gujarat International Finance Tec (GIFT) city.

Budget: Govt proposes to launch unified securities market code, says FM

The government on Monday proposed to launch a unified securities market code

Govt proposes Rs 2.24 trn outlay for healthcare in 2021-22: FM Sitharaman

The government on Monday proposed Rs 223,846 crore Budget outlay for health and well being for 2021-22, compared to Rs 94,452 crore in the current fiscal, an increase of 137 per cent

Budget to spend Rs 2.84 trillion on health, raising expenditure by 137%

Sitharaman has announced Rs 35,000 crore for Covid-19 vaccination this year

Budget 2021: FM Sitharaman proposes doubling of healthcare spending

India, which has the world's second highest coronavirus caseload after the United States, and currently spends about 1 per cent of gross domestic product on health

Budget 2021: Govt to revise definition of small companies, says FM

The government on Monday said definition of small companies will be revised by raising capital base to Rs 2 crore from the current limit of Rs 50 lakh

Budget 2021: Govt proposes to increase FDI cap in insurance sector to 74%

The government on Monday proposed to increase foreign direct investment limit in the insurance sector to 74%, a move aimed at attracting overseas players.

Framework soon for electricity consumers to choose service provider: FM

Finance Minister Nirmala Sitharaman on Monday announced that the government will soon put in place a framework to allow electricity consumers choose service providers or discoms.

Govt to launch national monetisation pipeline for brownfield infra assets

Finance Minister Nirmala Sitharaman said the government will launch national monetisation for potential brownfield infrastructure assets