Economy News

Interest on employee contributions to PF above THIS amount now taxable; check details

Interest on employee contributions to PF above THIS amount now taxable; check details

Union Finance Minister Nirmala Sitharaman proposed a sharp increase in expenditure on infrastructure, in a bid to pull the economy out of the trough. She also announced the doubling of healthcare

Feb 01, 2021, 19:25 PM IST
Union Budget 2021: FM made a special announcement for home loan; here's what she said

Union Budget 2021: FM made a special announcement for home loan; here's what she said

Union Minister for Finance and Corporate Affairs presented the Union Budget for the year 2021-22 on Monday (February 1) in the lower house of the parliament. The Finance Minister proposed to extend

Feb 01, 2021, 19:23 PM IST
Union Budget 2021: Scrappage policy to boost auto sector to be announced in 15 days, says Nitin Gadkari

Union Budget 2021: Scrappage policy to boost auto sector to be announced in 15 days, says Nitin Gadkari

The Union Finance Minister Nirmala Sitharaman announced voluntary vehicle scrapping policy with the aim to phase out old and polluting vehicles. The Road Transport, Highways and MSMEs Minister Nitin

Feb 01, 2021, 19:12 PM IST
Union Budget 2021-22: Tier-2 cities, peripheral areas of Tier-1 cities to get 'MetroLite' and 'MetroNeo'

Union Budget 2021-22: Tier-2 cities, peripheral areas of Tier-1 cities to get 'MetroLite' and 'MetroNeo'

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman presented the Union Budget for the year 2021-22 in the lower house of the parliament on Monday (February 1). The public transport

Feb 01, 2021, 18:48 PM IST
Budget 2021 proposes Custom duty structure overhaul; over 400 old exemptions to be reviewed; check details

Budget 2021 proposes Custom duty structure overhaul; over 400 old exemptions to be reviewed; check details

Union Finance Minister Nirmala Sitharaman proposed several indirect tax proposals to rationalise custom duty structure, ease compliance and give impetus to domestic manufacturing, tabling the Union

Feb 01, 2021, 18:24 PM IST
Union Budget 2021-22: Rs. 35,000 crore allocated for Covid-19 vaccine

Union Budget 2021-22: Rs. 35,000 crore allocated for Covid-19 vaccine

Development of COVID-19 vaccines found a pride of place in the Union Budget. Rs. 35,000 crore have been allocated for COVID-19 vaccine in BE 2021-22. “I am committed to provide further funds if

Feb 01, 2021, 18:01 PM IST
Union Budget 2021-22: FM Sitharaman makes key announcements on LIC IPO, disinvestment

Union Budget 2021-22: FM Sitharaman makes key announcements on LIC IPO, disinvestment

Unveiling the Disinvestment/Strategic Disinvestment Policy, Sitharaman said four sectors -- Atomic energy, Space and Defence; Transport and Telecommunications; Power, Petroleum, Coal and other

Feb 01, 2021, 17:53 PM IST
Union Budget 2021-22: FM proposes increase of 137 per cent in Budget for Health and well-being

Union Budget 2021-22: FM proposes increase of 137 per cent in Budget for Health and well-being

The World Health Organisation has repeatedly stressed the importance of clean water, sanitation, and clean environment, as a prerequisite to achieving universal health, the Budget has made a

Feb 01, 2021, 17:33 PM IST
Union Budget 2021-22: FM Sitharaman announces Rs 3,05,984 crore for power reforms

Union Budget 2021-22: FM Sitharaman announces Rs 3,05,984 crore for power reforms

Sitharaman also pointed towards the monopolies of distribution companies across the country and proposed to put in place a competitive framework to give consumers alternatives to choose from among

Feb 01, 2021, 17:23 PM IST
Union Budget 2021: FM Nirmala Sitharaman sets the tone for AtmaNirbhar Bharat, post-COVID recovery

Union Budget 2021: FM Nirmala Sitharaman sets the tone for AtmaNirbhar Bharat, post-COVID recovery

Laying a vision for AatmaNirbhar Bharat in the Union Budget 2021, she said this is an expression of 130 crore Indians who have full confidence in their capabilities and skills. Additionally, also on

Feb 01, 2021, 17:20 PM IST
Union Budget 2021-22: Revision in 'small companies' definition, know more

Union Budget 2021-22: Revision in 'small companies' definition, know more

Union Minister for Finance & Corporate Affairs Nirmala Sitharaman presented the Union Budget FY 2021-22 in the lower house of the parliament on Monday (February 1). Finance Minister proposed

Feb 01, 2021, 17:12 PM IST
Union Budget 2021-22: New roads and highway projects announced by FM Sitharaman

Union Budget 2021-22: New roads and highway projects announced by FM Sitharaman

Sitharaman further said the government would award 8,500 kms of road projects and an additional 11,000 kms of national highway corridors by March 2022 and also announced an Rs 18,000-crore scheme to

Feb 01, 2021, 17:11 PM IST
Union Budget 2021-22: FM Sitharaman proposes 9 measures for Agriculture, allied sectors

Union Budget 2021-22: FM Sitharaman proposes 9 measures for Agriculture, allied sectors

To provide adequate credit to our farmers, the Finance Minister enhanced the agricultural credit target to Rs 16.5 lakh crore in FY22. Smt. Sitharaman further said that the Government will focus on

Feb 01, 2021, 17:03 PM IST
Union Budget 2021-22 has vision of 'self-reliance'; villages and farmers at its heart: PM Narendra Modi

Union Budget 2021-22 has vision of 'self-reliance'; villages and farmers at its heart: PM Narendra Modi

Prime Minister Narendra Modi said that the budget will bring several positive changes for individuals, investors, industry and infrastructure sector. He said in his televised remarks on the Union

Feb 01, 2021, 17:00 PM IST
Union Budget 2021-22: National Research Foundation outlay to be Rs. 50,000 crore, over 5 years

Union Budget 2021-22: National Research Foundation outlay to be Rs. 50,000 crore, over 5 years

Finance Minister Nirmala Sitharaman proposed an outlay of Rs. 50,000 crore for the National Research Foundation spread for the next five years. Finance Minister Nirmala Sitharamn said, "It will

Feb 01, 2021, 16:56 PM IST
Budget 2021: Agri cess in, levies on auto fuels altered, excise duty reduced

Budget 2021: Agri cess in, levies on auto fuels altered, excise duty reduced

Union Finance Minister Nirmala Sitharaman on Monday (February 1) announced that the levies on petrol and diesel have been altered. The announcement was made in the Union Budget 2021-22 and the

Feb 01, 2021, 16:27 PM IST
Union Budget 2021-22 Summary: Here's the complete overview of Budget

Union Budget 2021-22 Summary: Here's the complete overview of Budget

The Finance Minister said that for a USD 5 trillion economy, our manufacturing sector has to grow in double digits on a sustained basis. Our manufacturing companies need to become an integral part of

Feb 01, 2021, 16:24 PM IST
Union Budget 2021: PLI schemes announced for 13 sectors

Union Budget 2021: PLI schemes announced for 13 sectors

In October last year, the Ministry of Electronics and IT had approved the applications of Samsung, Foxconn Hon Hai, Pegatron, Rising Star and Wistron from among the international applicants for

Feb 01, 2021, 15:40 PM IST
Union Budget 2021: Social security net for gig and platform workers, says FM Nirmala Sitharaman

Union Budget 2021: Social security net for gig and platform workers, says FM Nirmala Sitharaman

The finance minister also noted the labour reforms done by the government where the majority of labour laws were concised into four broad codes on wages, industrial relation, social security and

Feb 01, 2021, 15:16 PM IST
Sensex rallies nearly 1000 points as Finance Minister Nirmala Sitharaman presents budget

Sensex rallies nearly 1000 points as Finance Minister Nirmala Sitharaman presents budget

The BSE benchmark Sensex rallied nearly 1,000 points led by gains in financial stocks in the afternoon session on Monday (February 1) as Finance Minister Nirmala Sitharaman presented the Union Budget

Feb 01, 2021, 14:09 PM IST