Union Budget
Budget expected to restore consumer confidence
The growth outlook for the next fiscal is clouded by various downside risks, including new Covid-19 outbreaks, rising commodity prices, mounting inflationary expectations, lingering supply bottlenecks and not-so-favourable global recovery amid diminished fiscal and monetary policy support. To restore consumer confidence, which was severely dented by waves of the Covid-19 pandemic and to sustain the growth recovery, the Budget is expected to provide support through various measures.
Job and income supporting measures to be watched in Union Budget
Some measures to support the rural economy, amid its weakening and the impending state elections, and any measures to revive the Residential Real Estate sector would be welcome.
Union Budget has set pace for self-reliant India: Sitharaman in Lok Sabha
While replying to the discussion on the Union Budget in the Lok Sabha, Sitharaman mentioned that there were various challenges before the government due to the Covid-19 pandemic and it focussed both on "stimulus plus reforms".
'More than full' economic recovery likely in FY22: Finance Ministry report
The 'Monthly Economic Review' for January 2021 said the structural reforms and the policy push under the Atmanirbhar Bharat Mission along with the slew of measures announced in the Union Budget 2021-22 towards achieving broad-based inclusive growth will strengthen the fundamentals of the economy and bring it back on to a strong and sustainable growth path in the year ahead.
Government made Budget transparent, nothing under wraps: Finance Minister
She further said that the central government is governed by the principle of 'minimum government, maximum governance' and the Union Budget 2021-22 was presented with the same philosophy. Sitharaman said that the government has spent big on those areas of activity which gives a big multiplier effect.
Govt must allocate 13% of Budget to farm sector: BKS
BKS national general secretary Dinesh Kulkarni told IANS that the budgetary allocation for agriculture has increased but it is still less compared to its 13 per cent share of the total GDP. Kulkarni said that agriculture contributes 13 per cent to the Budget and so the government must allocate 13 per cent of total Budget to the agriculture sector.
South Central Railway gets Rs 7.2k crore in Union budget
Towards important infrastructure works, SCR has been sanctioned a staggering amount of Rs 7,222 crore for the year 2021 22 compared to Rs 7,024 crore for the year 2020 21, said an official. Major allocations include Rs 4,238 crore for doubling, third line and bypass line works, including Rs 2,195 crore for new lines capital, deposit, extrabudgetary resources and others.
Union Budget 2021: 10 things individual taxpayers should know
The budget contains various relief measures and proposals to facilitate ease of compliance for the taxpayers. Senior citizens who are aged 75 or above, earning only pension or bank interest income, are not required to file income tax return. T
Union Budget 2021: Sector-wise allocation of funds
Nirmala Sitharaman has also introduced the concept of bad banks in this budget which will help other lenders and other financial institution to help clear their balance sheets. One of the key challenges that finance ministers over the years is the increasing amount of bad loans of the banks.
Union Budget 2021: 5 incentives home-buyers must be aware of
If you purchase the new apartment jointly — with your partner or spouse, then each of you is entitled to a deduction of Rs 2 lakh for interest funded by each of you, as explained above. In case you have a working son/daughter and the bank is willing to split the loan three ways, all three can avail deduction up to Rs 2 lakh each on self-occupied property.
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