BUSINESS

Budget 2021 - Rediff.com Business

Wed, Feb 24, 2021
Gehlot announces universal healthcare, agri budget

Rajasthan Chief Minister Ashok Gehlot-led Congress government on Wednesday...

Tue, Feb 23, 2021
Why households are unhappy with the Budget

The finance minister did very well for equity market investors but not so...

Fri, Feb 19, 2021
All hail Modi's 1st BJP Budget

The Modi government is notoriously honest about one fact: It does not listen...

New rules on holding firms may affect pension funds

The Union Budget 2021-22 has made it easier for sovereign wealth funds and...

Why Budget proposal on digital tax may land in court

The central government's clarification on the 2 per cent equalisation levy on...

Wed, Feb 17, 2021
Budget sops may lure Mauritius funds to Gift City

As per the Budget proposals, migration of a fund to a fund in IFSC will not...

Budget has a vaccine for banking's virus

Of the three major Budget announcements related to the banking sector,...

Mon, Feb 15, 2021
Budget 2021: No evidence of an economic strategy

There are several welcome standalone reforms, but these do not add up to a...

Sat, Feb 13, 2021
First phase of Budget session concludes

The recess allows department-related standing committees to examine demands...

Fri, Feb 12, 2021
Budget has good news for Chinese steel mills

Spiraling steel prices led the government to cut customs duty by 2.5-5.5 per...

Budget session Part 1: RS clocks 99% productivity

Parliament will now meet on March 8 for the second part of the Budget session.

Nirmala attacks Oppn for false narrative on Budget

She said that despite government scheme and initiatives ranging from roads to...

Nothing for common man: Oppn slams govt over Budget

Participating in the debate on the budget, leaders of parties like the...

Not a Budget for Employment

It is important to increase employment in general.It is even better to...

Wed, Feb 10, 2021
Two cheers for the Budget!

While a DFI will help banks derisk their loan portfolios, creation of a bad...

Sat, Feb 6, 2021
Railways, India Post not among PSUs to be sold

The department of investment and public asset management (Dipam) can also...

Fri, Feb 5, 2021
Budget ignores women and children

Women and children have been given short shrift with these crucial sectors...

'This Budget will not take us to 12%, but...'

'There is good indication that the economy is bouncing back, but the problem...

Thu, Feb 4, 2021
Previous govts drafted Budget with eye on votes: PM

"For decades in our country, the meaning of the Budget was restricted to what...

Wed, Feb 3, 2021
Budget 2021: Bad bank will be a win-win for lenders

All banks are eligible for privatisation. A committee of secretaries will...

How brokerages read Budget 2021

PSU divestment, LIC IPO, fiscal deficit: Budget 2021 marks a clear change in...

Personal tax brings more revenue than corporate tax

That's a big change that was made possible due to corporate tax cuts....

Tue, Feb 2, 2021
Farmer issue rocks Parl, govt says ready to discuss

The government on Tuesday asserted in Lok Sabha that it was ready to discuss...

Investors become richer by Rs 10.48 lakh cr in 2 days

Investor wealth zoomed over Rs 10.48 lakh crore in two days as the...

Sensex soars nearly 1,200 pts; Nifty tops 14,600

Tuesday's top gainers included SBI, UltraTech Cement, HDFC Bank, L&T, Bharti...

'Budget has ambition, resolution and innovation'

It was one of the toughest times in history to announce a budget, says Harsh...

Is it right to use budget as tool to win polls: Sena

Accusing the Centre of setting a new trend of playing "dirty politics" for...

Budget cuts spend on welfare schemes, salary, pension

The continuing fiscal stimulus is heavily tilted towards capex, to the extent...

Budget: Easier tax administration to boost revenue

The Budget proposed abolishing the under-performing, authority of advance...

Here's how the Budget affects some key sectors

From real estate to metals, what Sitharaman's Budget has in store.

Budget 2021: 'Road map for sustainable growth'

The Budget kept away from mood dampeners such as an increase in taxes...

Budget gives big relief to FPIs on dividend tax

'Rationalising TDS on dividends for FPIs to reduce it to treaty rates ranging...

FM brings transparency in off-budget borrowings

Sitharaman does away with loans from National Small Savings Fund to Food...

'Bad bank' gets nod, discoms to get funds

Finance Minister Nirmala Sitharaman presented her third Budget on February 1.

The Politics behind the Budget

The BJP would want that by March 2022, when UP votes, the economy starts...

Mon, Feb 1, 2021
LIVE Huge allocation for PM's pet Swamitva scheme

Budget: Rs 4.78 lakh crore allocated for defence

Excluding the pension outgo, the allocation in the Union Budget for the armed...

Budget doesn't matter, want laws repealed: Farmers

Farmers protesting at various sites on the border of Delhi on Monday...

Clarity needed on tax framework for IT sector: Nasscom

The government has created a comprehensive budget with sharp focus on...

Budget: RSS arm slams govt policies on FDI, divestment

RSS-aligned Bharatiya Mazdoor Sangh (BMS) on Monday expressed disappointment...

Budget: Rs 7,100 cr set aside as aid to neighbours

India on Monday set aside over Rs 7,100 crore in its budget for 2021-22 as...

Govt targets gross tax revenue of Rs 22.17 lakh cr

The government on Monday projected a 16.67 per cent growth in gross tax...

Budget 2021: Who said what

The Union Budget on Monday evoked contrasting responses in the political...

Budget 2021: What is costlier, and what's cheaper

Here's how the budget impacts the pocket of the common man.

How FM plans to tackle air pollution, save environment

The Centre on Monday earmarked a separate Rs 2,217 crore for 42 urban centres...

Budget transparent, nothing hidden under carpet: FM

Finance Minister Nirmala Sitharaman on Monday said the government has come...

Govt depts to add over 1.4 lakh jobs by March 1

Over 1.4 lakh jobs are estimated to be created between March 2019 and March...

Interest on PF money over Rs 2.5 lakh to be taxed

Interest on employee contributions to provident fund over Rs 2.5 lakh per...

Subsidy bill nears Rs 6 lakh cr in FY'21

The government's subsidies on food, fertilisers, LPG and kerosene are pegged...

FM: 'We have spent, we have spent, we have spent'

The government has decided to spend big on infrastructure across a wide...

Budget: Nothing but Housekeeping

The Budget would have been the perfect vehicle to introduce some bold...

Budget boosts spend on infra, health; levies agri cess

In her Budget for the fiscal year beginning April 1, she restricted tax-free...

Record Rs 1.10 lakh cr for Railways in Budget

Finance Minister Nirmala Sitharaman announced on Monday a record sum of Rs...

Security forces guarding Pak, China receive more funds

Finance Minister Nirmala Sitharaman has allocated a total of Rs 1,03,802.52...

Budget has farmers at its heart: PM Modi

In televised remarks after Finance Minister Nirmala Sitharaman presented the...

SPG gets marginal increase of Rs 2.7 crore in Budget

In the Union Budget for 2021-22 presented by Finance Minister Nirmala...

Yay or nay? Rate the Budget

Does this Budget deserve cheers or boos? You decide

Post-Covid India land of hope: FM, citing Gabba win

Drawing inspiration from the recent performance of the Indian cricket team in...

Budget is anti-people and anti-country: Mamata

"This is a budget to deceive the masses. It's an anti-farmer, anti-people and...

Divestment of BPCL, A-I to be completed in FY22: FM

The government on Monday budgeted Rs 1.75 lakh crore from stake sale in...

Firms can't claim deduction if PF deposits delayed

The government on Monday said the employers who delay the deposit of workers'...

India to allow NRIs to set up one-man companies

The government on Monday said it proposes to incentivise incorporation of one...

Bull rules D-Street; Sensex zooms 2,315 points

On the Sensex chart, IndusInd Bank was the top gainer, rallying over 11 per...

Budget proposes major boost for infra sector

Expressing commitment to augment the country's infrastructure, Finance...

Dept of Space gets Rs 13,949 crore in Budget

In Budget 2020-21, the Department of Space has been allocated Rs 13,949.09...

CBI gets over Rs 835 crore in Budget

The CBI had received Rs 802.19 crore initially in the last budget and it was...

Budget goes paperless; Sitharaman quotes Tagore

It was also the shortest speech by Sitharaman, who had delivered the longest...

Case of wrong diagnosis & prescription: Cong on Budget

The Congress on Monday strongly criticised the Union budget, saying Finance...

Govt pegs fiscal deficit at 6.8% in FY22

Finance Minister Nirmala Sitharaman on Monday said the government estimates...

Govt to borrow about Rs 12 lakh cr in FY22: FM

Sitharaman also said states will get 41 per cent share of taxes as per the...

Budget: Highways announced for 5 poll-bound states

While presenting the Union Budget 2021-22 in Parliament, the finance minister...

Highlights of Union Budget 2021-22

Finance Minister Nirmala Sitharaman on Monday presented the Budget for...

Rs 20,000-cr recapitalisation for PSBs in 2021-22

Finance Minister Nirmala Sitharaman on Monday said the government would...

Govt to increase FDI from 49% to 74% in insurance

The government on Monday proposed to increase foreign direct investment limit...

Aatmanirbhar packages structural reforms: FM

Finance Minister Nirmala Sitharaman on Monday said the government's...

FM meets President Kovind ahead of Budget speech

Finance Minister Nirmala Sitharaman on Monday called on President Ram Nath...

Budget 2021: Sitharaman again opts for 'bahi-khata'

Finance Minister Nirmala Sitharaman on Monday used her trademark...

Watch Live! Union Budget 2021

WATCH the budget speech live here.

Sitharaman to explain Budget in 15 states

The finance minister will also visit the school in Tamil Nadu where she...

Sun, Jan 31, 2021
First part of budget session to end on February 13

Rajya Sabha Chairman M Venkaiah Naidu also made a fervent appeal to the...

Will Budget 2021-22 go beyond 'bahi-khata'?

As India emerges from the COVID-19 crisis, the ninth budget under the Modi...

States worry as Centre plans to trim schemes in Budget

'It is just an excuse to say that the Centre has run out of money.''Pruning...

Will this Budget be a 'Game Changer'?

That is what you will hear again after Nirmala Sitharaman presents a speech...

Fri, Jan 29, 2021
Budget Session Part 1 likely to end 2 days earlier

The first part of the Budget Session of Parliament is likely to end on...

Govt stares at revenue shortfall of Rs 7 trn in FY21

Revenue from divestment has fetched Rs 40,000-50,000 crore against target of...

Budget likely to focus on growth, structural reforms

The Budget, to be presented on February 1, is likely to be less worried about...

Modi on what to expect from Sitharaman's 3rd Budget

Prime Minister Narendra Modi on Friday said Finance Minister Nirmala...

'Budget would have done a wonderful job, if...'

'If the Union Budget can provide incentives for animal spirits to come as...

Watch Live! President's address to Parliament

Watch all the proceeding from the Parliament.

Thu, Jan 28, 2021
Parliament set to witness stormy budget session

The session will begin with the address of the President to the joint sitting...

Wed, Jan 27, 2021
IMF's Gopinath bats for infra investment in Budget

Ahead of India's annual budget presentation next week, IMF's chief economist...

What Budget has in store for regional rural banks

RRBs were formed under an Act to provide credit to small farmers,...

Dom's Take: Will it be Common Man's Budget?

Dominic Xavier hopes Budget 2021-2022 will belong to the common man.

Tue, Jan 26, 2021
Budget may open window for big-ticket foreign inflows

The Centre plans to create a special window for strategically important...

Mon, Jan 25, 2021
Farmer unions plan Parliament march on Budget day

Ahead of their proposed tractor parade on Republic Day, protesting farmer...

Budget: Customs duties on host of goods may be tweaked

The government may tweak customs duties in the Budget next week on several...

EV makers urge FM to rejig rules to boost sales

Ahead of the upcoming Union Budget, Society of Manufacturers of Electric...

Budget: Govt may target fiscal deficit at 4% of GDP

To enable widen the fiscal deficit beyond the permissible limit under the...

Sat, Jan 23, 2021
'Halwa ceremony' kickstarts Budget proceedings

As part of the ritual, ''halwa'' is prepared in a big ''kadhai'' (large...

What brokerages expect from Union Budget

While most experts suggest the government loosen its purse strings and not...

Budget: Gross tax revenues likely to get back on track

While the tax-to-GDP ratio of 9.88 per cent has been assumed for FY21, the...

Fri, Jan 22, 2021
Budget: Experts waiting for a debt management road map

There are various estimates of India's debt to GDP ratio, but the consensus...

Budget: Dividend anomaly for FPIs may be corrected

Last year's Budget had created uncertainty about the quantum of tax to be...

Thu, Jan 21, 2021
Budget: Tax sops for employees working from home?

The government could look at providing deductions for expenses incurred by...

Govt likely to unveil new DFI framework in Budget

Industry players believe the new DFI model will be initially risk capital,...

Wed, Jan 20, 2021
Budget 2021: Sharper focus on health care likely

CII has also called for tax incentives for new health care projects and...

Budget session: PM to chair all-party meet on Jan 30

The budget session of Parliament is starting from January 29 and will be held...

Mon, Jan 18, 2021
Ministries to get the same budget funds as last year

The government, it would seem, is reserving its firepower to spend on...

Budget: 'Ease fiscal deficit, look at higher spend'

As spending on infrastructure has three times the desired impact, the...

Budget must cut I-T rates, invest in infra: CEOs to FM

Besides low interest rates, a reduction in active Covid cases and strong...

Thu, Jan 14, 2021
Budget session of Parliament from January 29

A communication from the Lok Sabha Secretariat said on Thursday that the...

Budget: E-platforms likely to sell non-core assets

It is estimating that this would help monetise assets worth Rs 10,000 crore.

Budget must provide a realistic road map

'But can it afford to present a scenario within the existing legal framework...

Wed, Jan 13, 2021
Dom's Take: Fly, Robin, Fly!

In the first of the series on Budget 2021, Dominic Xavier hopes the FinMIn...

Mon, Jan 11, 2021
Govt not to print Budget documents this year

This will be the first time since the presentation of independent India's...

Fri, Jan 8, 2021
CEOs against investing in new parliament, bullet train

A majority of the CEOs are expecting the economy to show growth in the next...

Tue, Jan 5, 2021
CCPA recommends 3-part Budget session from Jan 29

According to the Committee's recommendation, while Part 1 of the Budget...

Budget: Tax parity with ULIPs tops Afmi's wish list

The pre-Budget proposals sent to the finance ministry aim to bring uniformity...

Mon, Jan 4, 2021
Dear Nirmalaji: What I want from the Budget

A security guard in Mumbai tells Rediff.com's A Ganesh Nadar what he would...

Thu, Dec 24, 2020
Don't tweak inflation target range: Economists to FM

They have also called for giving cash to the poor, so that demand is...

Fri, Dec 18, 2020
Will this Budget lower income tax?

The budget-making exercise offers golden opportunities despite challenges,...

Tue, Dec 15, 2020
Sitharaman on the key elements of Budget 2021-22

Finance Minister Nirmala Sitharaman on Tuesday said the upcoming Budget for...

What will Nirmalaji's Budget give us?

Can the finance minister manage our expectations, asks A K Bhattacharya.

Fri, Dec 11, 2020
FinMin mulling 75% cut in foreign travel budget

The COVID-19 pandemic and the ensuing restrictions in mobility may result in...

Fri, Dec 4, 2020
Budget 2021 will be 'prudent; growth oriented'

With the Budget-making exercise in full swing, RBI Governor Shaktikanta Das...

Mon, Nov 30, 2020
Budget exercise starts, health may get 50% boost

Outlay for infra is also expected to see a significant increase in view of...

Mon, Nov 16, 2020
Winter & Budget sessions of Parliament may be clubbed

The winter session of Parliament usually starts from the last week of...

Tue, Oct 6, 2020
Agriculture, health to be focus of Union Budget 2021

The ministry of finance will kickstart its massive budgetary exercise from...