The Indian economy is estimated to grow by 9.2 percent in real terms in 2021-22 (as per first advanced estimates) subsequent to a contraction of 7.3 percent in 2020-21, according to Economic Survey 2022.
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.
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.
After the economic downturn due to COVID-19, Finance Minister- Nirmala Sitharaman has raised many hopes for everyone before presenting the 2021 Budget, on February 1.
During her budget speech, Finance Minister Nirmala Sitharaman on Saturday proposed 16 action points focusing on horticulture sector, food storage, animal husbandry and blue economy.
Finance Minister Sitharaman cuts her Union Budget 2020 after feeling unwell towards fag end, reports PTI. Sitharaman was presenting her second Budget for FY 2020-2021 in Parliament. Her blood pressure reportedly fell and she was advised to sit.
Finance Minister Nirmala Sitharaman on Saturday said that tax payment by employees will be deferred on ESOPs from startups by five years.
Bank deposit insurance cover hiked: Finance Minister Nirmala Sitharaman on February 1, 2020, announced a hike in insurance cover for bank depositors and said depositors' money is absolutely safe. Deposit Insurance and Credit Guarantee Corporation has been permitted to increase deposit insurance coverage to Rs 5 lakh per depositor from Rs 1 lakh.
Presenting the Budget 2020 in the Lok Sabha today, Finance Minister Nirmala Sitharaman dropped lines from a Kashmiri poem. The verse, which talked about the nation "blooming like a lotus in Dal lake", was meant to convey that everything in the budget is for this "pyara watan (beloved nation)".
Railway Budget 2020: Indian Railways, the lifeline of the country and the common man, is expecting big announcements from the Railway Budget 2020. Will trains fare hike? Is one of the biggest questions raised ahead of Budget. Railway Budget 2020 is expected to lay out the roadmap for an investment of Rs 50 lakh crore by 2030 in the Indian Railways network.
Union Budget 2020 is being billed as one of the toughest in decades for a finance minister. Nirmala Sitharaman has a mountain to climb with different wheels of economy signalling stress. Common man is looking forward to the budget speech with hopes like more job creation, adjustments in personal income tax slabs and bringing the different sectors back on growth path.
If you MasterCard or Visa card users then your problems are going to increase in coming days. The government has exempted bank charges on E-payments for the business with an annual turnover of Rs 50 crore. Finance Minister Nirmala Sitharaman in her maiden Budget 2019 speech on July 5 made this announcement in Parliament.
The central govt employees were expecting an announcement regarding their long-pending demand of hike in minimum pay and fitment factor beyond 7th Pay Commission recommendations in this budget. However, according to reports, there is no increase in the minimum wages of central govt employees in the Budget 2019.
Finance Minister Nirmala Sitharaman on Friday in her maiden budget speech has an announcement that might not be music for the middle-class consumers who buy gold for various reasons. The government has increased customs duty on gold and other precious metals to 12.5 per cent from the existing 10 per cent, said Finance Minister in the Lok Sabha.
The Union Budget 2019 was carried by the Finance Minister Nirmala Sitharaman enclosed in a 'bahi khata' which happens to be a red cloth folder that had the national emblem emblazoned on it in gold.
Finance minister Nirmala Sitharaman leaves for Rashtrapati Bhawan with Budget bag. She will present Budget 2019 at 11 am in the Lok Sabha.
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