PNB has already informed its customers that it will ban both financial and non-financial transactions from non-EMV ATM machines from February 1.
The salaried class was expecting from Nirmala Sitharaman to revise the Income Tax slabs that have been left unchanged for years. Besides higher basic exemption limits, people also expected a hike in the exemption limits under Section 80C and 80D.
In 2019, Sitharaman had ditched the long-standing tradition of carrying budget documents in a leather briefcase and had gone swadeshi with a 'bahi-khata'.
On Friday, the domestic equity market had continued its downward journey for the sixth session in row.
However, this time there is no need to wait for hours for the Budget transcript to be released. One can read or download the Budget 2021 documents on the 'Union Budget App' minutes after Finance Minister finishes her speech.
Finance Minister Nirmala Sitharaman presented the Union Budget for 2021-22 in Parliament. This year's Budget is unique as finance minister used a Made in India tablet to deliver a paperless Budget address, instead of a bahi khata, that she used last year.
Sitharaman, who had in her first budget in 2019 replaced leather briefcase that had been for decades used for carrying budget documents with a traditional red cloth 'bahi-khata', had earlier this month stated that the budget for the fiscal year beginning April will be "like never before".
The ministry said in line with the trend of recovery in the GST revenues over past five months, the revenues for the month of January 2021 are 8 per cent higher than that in the same month last year.
India's healthcare sector is likely to get the maximum attention of the government in the upcoming Budget to be unveiled on Monday, as it comes in the face of the country braving a once-in-a-century global pandemic, says a survey.
India is ready to unveil Budget "like never before" on Monday, February 1. The countrymen are awaiting the moment when Union Finance Minister Nirmala Sitharaman will rise up in Parliament to present the ninth budget under the Modi government.
Westlife Development Ltd, which owns Hardcastle Restaurants, the master franchisee of McDonald's restaurants for western and southern India, expects its business to return to pre-COVID-19 level from the next quarter and continue its expansion journey by adding more stores to its network, said a company official.
The RBI recently decided to put in place a comprehensive framework for grievances redressal.
Experts are of the view that the RBI will refrain from tinkering with the interest rates and keep the monetary stance accommodative at the policy review though it will take guidance from the budget to be unveiled by Finance Minister Nirmala Sitharaman in the Lok Sabha on February 1.
From bringing back jobs in the market to tax deductions, there are a lot of expectations from Modi government's Budget. Although Sitharaman, in the last Budget, announced cuts in personal income tax, the government has so far pushed for a rebate on all payable taxes, and the basic tax exemption limit has remained the same.
In such a situation, it is expected that the Modi government, which claims to give priority to the progress of villages, the poor and farmers, will also give priority to agriculture and rural development in the upcoming Budget.
The private sector has always been output driven, which is no wrong and the phrase very closely related to Research and Development is 'Trial and Error'.
The government may announce a new scheme for cash-strapped and loss-making electricity distribution utilities to reduce stress in the sector and achieve the goal of '24X7 Power for All', a source said.
However, in this month, there is no national holiday on which banks across the country will remain closed. Several occasions like Chhatrapati Shivaji Maharaj Jayanti, Md Hazrat Ali birth anniversary, Basant Panchami, etc will be celebrated in the month of February
Quarterly earnings of HDFC, Adani Power, Hero MotoCorp and M&M would remain in focus this week.
The real estate sector, which took a hard hit due to COVID-19, is pinning hopes on the union budget to be presented on Monday for easing regulatory norms and for steps that will help in the completion of pending projects and the sale of build-up houses.
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