Despite COVID-19 pandemic, the Modi government ensured that students don't lose their academic year, Union Education Minister Ramesh Pokhriyal Nishank said.
The government on Monday said the definition of small companies will be revised by raising the capital base to Rs 2 crore from the current limit of Rs 50 lakh.
The finance minister has done a remarkable job in presenting a growth-focused budget during the unprecedented COVID-19 pandemic-hit circumstances, Karun Rishi, president of the USA India Chamber of Commerce said, adding that the budget is transparent and has rationalised the off-balance-sheet borrowings and headlined fiscal deficit numbers.
Over 60 per cent people believe that the Narendra Modi-led government has managed to curb the flow of black money in the market, which got reflected in the Union Budget 2021-22 presented by Finance Minister Nirmala Sitharaman in the Parliament on Monday, as per the IANS C-Voter Budget Insta-Poll.
There was no big bang increase in the overall defence budget, but India did spend an additional unbudgeted Rs 20,776 crore on emergency arms procurements in the current fiscal in face of China's ongoing belligerence on the northern border, especially in Eastern Ladakh.
Union Finance Minister Nirmala Sitharaman on Monday said that the government did not hesitate in spending big. Presenting Budget 2021-22, Sitharaman said the government estimates fiscal deficit of 6.8 per cent of the gross domestic product (GDP) in the next financial year beginning April 1.
In a host of announcements, Union Finance Minister Nirmala Sitharaman sought to pull out the country's economy from a creaking financial system, generate more employment opportunities, and ramp up healthcare by prioritizing vaccination for all.
Finance Minister Nirmala Sitharaman in an exclusive conversation in Aaj Ki Baat with Rajat Sharma, Editor-In-Chief and Chairman, India TV, discussed the key highlights of the Union Budget 2021.
Slamming the opposition for criticising the budget, Union Minister Ramdas Athawale said, "Kuchh log bol rahe hain ki ye Budget khaali jumla hai, lekin mera kehna hai ki ye Budget virodhi dalon par hamla hai".
Sitharaman in her budget speech quoted Rabindranath Tagore “Faith is the bird that feels the light and sings when the dawn is still dark” to say that the budget this time was prepared in circumstances like never before. Presenting the Union Budget 2021, Sitharaman said that in the history of independent India, only three times has the Union Budget followed a GDP. FM Sitharaman tabled the 15th Finance Commission report in Lok Sabha.
The good news is that tax slabs and tax rates stayed the same. There was also good news for senior citizens who only earn a pension and interest income. They will now be exempted from filing income tax returns.
Scrapping these vehicles will reduce population of old and defective vehicles, 25-30% reduction in vehicular air pollutants and improve road safety: Union Minister for Road Transport and Highways Nitin Gadkari
Finance Minister Nirmala Sitharaman on Monday presented the Union Budget 2021-2022 in the Parliament. Being the first budget of a new decade and also the one during the pandemic, the budget was focussed on boosting, encouraging India towards being Aatmanirbhar (Self-Reliant). The two main key segments where the government focussed its spending were infrastructure and health. Finance Minister said this year's budget was based on 6 pillars to ensure the overall development of the country.
In an exclusive talk with IndiaTV, BJP MP Smriri Irani said that, this budget has been presented in an extraordinary circumstances and amidst these circumstances, today's budget is going to show India's confidence.
This Budget comes at a time when all of us decided to give impetus to the economy & that impetus, we thought, would be qualitatively spent & give necessary demand push if we choose to spend big on infrastructure. If there are two important features of this Budget, it is that we chose to spend big on infrastructure which spans across roads, power generation, bridges, ports and so on. As a second feature, I tend to the need of the healthcare sector and even there, capacities for better health management had to be brought in in light of what we had gone through last year.
After the presentation of the Union Budget in the Parliament on Monday, mixed reactions emerged from Bihar with the common people saying that there is no direct benefit for them.
Investors became richer by over Rs 6.34 lakh crore on Monday as markets gave a big shout-out to the Budget 2021-22, which analysts termed as 'unprecedented' against the backdrop of the pandemic-induced slowdown.
The Sports Authority of India (SAI) has been allocated Rs.660.41 crore, which is an increase from the Rs.500 crore that was allocated in the last budget.
The National Research Foundation (NRF) will be strengthened to promote new inventions in the country with an allocation of Rs 50,000 crore in the budget, Union Education Minister Ramesh Pokhriyal 'Nishank' said on Monday.
Government of India under the leadership of PM Narendra Modi is committed to working for the interest of farmers. Every year the focus is not only on increased budget allocation, but also the implementation of schemes: Union Agriculture Minister Narendra Singh Tomar
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