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.
Sources said that a proposal to increase export duty on iron ore is being actively considered by the finance ministry that may consider announcing the changed levy in Budget 2021-22.
As it is going to be the first budget during the pandemic, various sectors in the industry are hoping the forthcoming budget will considerate the impact the coronavirus pandemic had on different businesses. Let's take a look at some voices from the industry and their expectations from the upcoming budget.
Inker Robotics, a leading robotics company in India, has made an indigenously developed humanoid robot named Alton, which has forwarded a request to Finance Minister Nirmala Sitharaman ahead of the Union Budget.
As the country's fight against Coronavirus reaches the next level with the launch of the world's largest vaccination programme, the government proposes to launch new Covid bonds to finance the rising pandemic relief expenses.
Fashion e-tailer Myntra is changing its logo following a complaint by a Mumbai-based activist who alleged that the brand's signage was offensive towards women. When contacted, Myntra confirmed the development.
Future Group promoter Kishore Biyani has alleged that Amazon is "playing the dog in the manger" and trying to create a confusion about the group's Rs 24,713-crore deal with Reliance Industries.
The new bill has been titled as ‘The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021’. The Centre is looking towards the introduction, consideration, and passing of this bill.
Electric Vehicle Industry in India: Experts feel that the time has come for the Modi government to push for the adoption of EVs as, according to an estimate, India will become the fourth largest market for EVs by 2040.
Amid raging protests over new farm laws, the government's pre-Budget state of economy document on Friday went the extra mile to list benefits of the three contentious laws, saying that besides giving market freedom, they will help raise incomes of small and marginal farmers.
India has emerged as one of the largest countries for flexi-staffing or gig and platform workers, as e-commerce platforms created massive opportunities amid the pandemic, according to the Economic Survey 2020-21.
The reason cited the absence of adequate capital and earning prospects as the reason behind the cancellation.
As per earlier schedule, the session was to go on a recess after meeting on February 15, a Monday. Now, at least Lok Sabha would meet on February 13, a Saturday, before being adjourned to meet again on March 8.
The Economic Survey reaffirms that the worst is behind us and the economy would bounce back with a V-shaped recovery after being hit hard by the COVID-19 pandemic, India Inc said on Friday.
India TV Digital spoke to Former Finance Secretary CM Vasudev, who advocated a one-time vaccine cess this year. He also spoke at length about varous budget aspects, including generating new employment opportunities, tax relief to the salaried class, fiscal deficit and more.
Onion prices had skyrocketed to as high as Rs 100 per kg in the retail markets few months back, forcing the government to ban exports, allow imports and impose stock limits. The exports curbs have been lifted now with softening of prices.
The Sensex and Nifty buckled under selling pressure for the sixth session on the trot on Friday as the pre-Budget Economic Survey failed to cheer investors amid continued selling by foreign funds and a bearish trend overseas.
Retail inflation for industrial workers eased to 3.67 per cent in December 2020 against 9.63 per cent in the same month of last year due to lower prices of certain food items.
Gold prices rose by Rs 132 to Rs 48,376 per 10 gram in the national capital on Friday, according to HDFC Securities.
The contraction in FY21 is mainly due to coronavirus (Covid-19) pandemic and the visible damage caused by the subsequent countrywide lockdown to contain it.
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