In a first, Budget to be paperless due to COVID-19
News | February 01, 2021 9:45 ISTAll members of Parliament will receive the soft copies of the Union Budget, the official added.
All members of Parliament will receive the soft copies of the Union Budget, the official added.
On Friday, the domestic equity market had continued its downward journey for the sixth session in row.
Delhi: Finance Minister Nirmala Sitharaman arrives at the Ministry of Finance. She will present the #UnionBudget 2021-22 in the Parliament today.
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.
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. In her first budget in 2019, Sitharaman had replaced the decades-old leather briefcase used for carrying budget documents with a traditional red cloth 'bahi-khata'. Economists and experts say that the budget will be the starting point for picking up the pieces after the economic destruction caused by the COVID-19 pandemic.
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".
In an unprecedented initiative, Union Budget 2021-22 will be delivered on February 1 in paperless form for the first time.
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.
Finance Minister Nirmala Sitharaman with the Budget team; she will present the Union Budget 2021-22 tomorrow.
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 first part of the Budget Session of Parliament is likely to end on February 13 instead of February 15, sources said on Friday, underling that the total number of working days would however remain the same.
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.
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.
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.
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