Page 19 - Union Budget

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

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

Budget 2021 highlights: Relief for seniors above 75, other key announcements

Budget 2021: FM proposes tax exemption for aircraft leasing companies

The government on Monday proposed tax exemption for aircraft leasing companies

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

Budget for 'Aatmanirbhar Bharat', will strengthen economy: Rajnath Singh

Senior BJP leader and Defence Minister Rajnath Singh on Monday hailed the Union Budget as one for 'Aatmanirbhar Bharat', and asserted that this will strengthen the economy

Budget 2021 to spend Rs 2.23 trn on healthcare, raising outlay by 137%

New central scheme called Atmanirbhar Swasth Bharat Yojana gets Rs 64,180 crore in Sitharaman's budget

Budget 2021: Govt raises import duty on parts of mobile phones, chargers

The government on Monday proposed to impose import duty on components of mobile phones and chargers, to enhance local value addition

Budget 2021: Govt to borrow about Rs 12 trillion in FY22, says FM

Finance Minister Nirmala Sitharaman on Monday said the government will borrow about Rs 12 trillion in 2021-22

Fiscal deficit for FY22 pegged at 6.8% of GDP, announces FM Sitharaman

Finance Minister Nirmala Sitharaman on Monday said the government estimates fiscal deficit of 6.8 per cent of the gross domestic product (GDP) in the next financial year beginning April 1

Budget 2021: Govt sets divestment target of Rs 1.75 trillion For FY22

The government on Monday budgeted Rs 1.75 trillion from stake sale in public sector companies and financial institutions, including 2 PSU banks and one insurance company, in the next fiscal year

Budget: 8,500 km of highway projects to be awarded in FY22, says Sitharaman

Expressing commitment to augment the country's infrastructure, Finance Minister Nirmala Sitharaman said projects for building 8,500 km of highways will be awarded by March 2022

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 forthcoming Census, which will be the first digital census, Finance Minister Nirmala Sitharaman said on Monday. Presenting the Union Budget for 2021-22, she said the government is also working on a national language translation initiative. Sitharaman also announced a deep ocean mission with an outlay of more than Rs 4,000 crore over five years. In other measures, she said the government has also proposed to set up a conciliatory mechanism for quick resolution of contractual disputes. Further, the government also proposed to introduce National Nursing and Midwifery Commission Bill, Sitharaman said.

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. Presenting the Union Budget for 2021-22, Finance Minister Nirmala Sitharaman said the government also proposed setting up of a portal to collect information on gig-workers, building and construction workers, among others. A portal will be set up to collect info on gig & platform workers, building & construction workers, among others to provide them benefits like health, credit (easy financing), food and others, Sitharaman said in her budget speech in Lok Sabha. She noted that for the first time Code on Social Security Code 2020 has made provision for universalisation of social security for the entire workforce including gig and platform workers. The gig and platform workers are those who are engaged by various e-commerce businesses like UBER, OLA, SWIGGY and Zomato. These workers are not paid salaries and hence deprived of social security benefits like provident fund, group ...

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."We have taken a number of steps to support the MSME sector in this budget. I have provided Rs 15,700 crore more than double the previous year," said Sitharaman while presenting the Union Budget in the Parliament."Financial Inclusion: To further facilitate credit flow under the scheme of Stand Up India for the Scheduled Caste and Scheduled Tribes and also women, I propose to reduce the margin money requirement from 25 per cent 15 per cent only and to also include loans for activities in allied activities in agriculture," the Finance Minister added.The Union Budget 2021-22 proposals rest on six pillars: Health and well-being, physical and financial capital and infrastructure, inclusive development for aspirational India reinvigorating human capital, innovation and R & D, minimum government and maximum ...

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

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.