Page 5 - Budget

A change in direction

After years of disappointing growth, the economy and the markets are poised for a breakout

Rajasthan budget: Cong calls it welfare-oriented, BJP says disappointing

The ruling Congress in Rajasthan welcomed the state budget presented on Wednesday by Chief Minister Ashok Gehlot as a welfare-oriented one while the opposition termed it disappointing. Congress leaders said every section has been appropriately focused in the budget. The BJP leaders, though, said it did not live up to the expectations of people. Health Minister Raghu Sharma praised the budget, saying that it is an unprecedented one for overall development. He said the budget dedicated to health will fulfill the dream of a healthy Rajasthan. Sharma said several innovations in medicine and health have been announced in the budget. We will present a unique example in the country by bringing a bill to provide the Right to Health to All. He described the Universal Health Care scheme as unprecedented from the point of view of health rejuvenation at a cost of Rs 3,500 crore from the upcoming financial year. Under this scheme, each family in the state will get the benefit of a medical ...

BMC unveils Rs 39,038 crore budget, keeps tax structure unchanged

The Brihanmumbai Municipal Corporation (BMC) on Wednesday unveiled Rs 39,038.83 crore budget for the year 2021-22. In a relief to citizens, no additional civic tax or licence fee was proposed in the budget by the BMC, the country's richest civic body that goes to polls early next year. The BMC said in the budget that its revenue collection declined due to "the decisions taken to combat COVID-19 and to provide relief measures for different sectors affected by it". It said its property tax collection was "adversely affected" due to the pandemic and the resulting lockdown. The total budget estimates for the next financial year are 16.74 per cent more than the last fiscal when it had presented a budget of Rs 33,441 crore. Municipal commissioner I S Chahal, who presented the budget before to the standing committee, kept the civic taxes and licence fees unchanged. "There is no additional tax and charge in the budget," he said while talking to reporters after its ...

'Made in India' tablet replaces 'bahi-khata' as Budget 2021 goes digital

In a significant change amid digitalisation, Finance Minister Nirmala Sitharaman this year unveiled a 'Made in India' tablet replacing the traditional briefcase before presenting Budget 2021

Budget 2021 wishlist: What these nine sectors want from FM Sitharaman

Listen to the podcast to know the Budget 2021-22 expectations of various sectors

East Delhi Municipal Corporation panel rejects new taxes proposed in budget

The Standing Committee of the cash-strapped EDMC on Monday rejected the three new taxes, including a professional tax and a betterment tax, proposed in its annual budget to augment its revenue

Tips to ride market volatility & sectors to invest in ahead of Budget 2021

Listen to the podcast to know how one should play this volatile market ahead of the Budget presentation, scheduled on February 1, 2021

Budget 2021-22: CII suggests road map towards competitive import tariffs

Industry body CII has suggested a graded road map towards competitive import tariffs over three years

Bank Investment Company may be approved in upcoming Budget, finally

A key question is how the BIC is to be funded. To start with, it may have to be a wholly-owned government entity

Budget 2021 will address woes of affected sectors, says Finance Secretary

AJAY BHUSHAN PANDEY says litigants in more than 96,000 appeals - involving disputed amounts of Rs 83,000 crore - have opted for the Vivad Se Vishwas scheme, which has been extended by a month

Best of BS Opinion: Two steps to boost broadband usage, Budget 2021 & more

Here's a selection of Business Standard opinion pieces for the day

Not recap alone

Budget could be a good starting point for deeper banking reforms

Expense planning: Budgetary allocations likely to maintain status quo

The numbers in aggregate mean the Government of India will not let the fiscal deficit run away in FY22

Budget 2021: Protectionist ways not enough, need infra push, say experts

Say India needs to bring down import duties over time

Budget 2021-22 wishlist: Here are the key challenges in real estate sector

Given the market / pandemic situation, there is an overall fall in the fair market values of properties

Budget should reduce income tax rates, invest in infrastructure: CEOs to FM

The Budget will be presented in the backdrop of a revival of the economy and expectations of good corporate earnings in the December quarter

Budget 2021: Protectionist ways not enough, need infra push, say experts

Say India needs to bring down import duties over time

Budget: Govt should provide funds, incentives for agri sector, say experts

The government should provide additional funds as well as incentives to promote indigenous farm research, oilseeds production, food processing and organic farming

Peering into 2021

Macroeconomics in 2021 will turn on consumer demand and firm resolution

Political economy of fiscal responsibility

The economy requires a fiscal battle plan and this, in turn, requires a fiscal responsibility framework