Finance Minister Nirmala Sitharaman said a challenging situation like the pandemic didn't deter the government from taking up reforms that are going to be necessary for sustaining long term growth for the country to boost the economy.
Appearing in my prime time live show in ‘Aaj Ki Baat’ on India TV, Sitharaman said she was confident that money that will be spent on agriculture and infrastructure will “definitely have a multiplier effect”.
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.
Excluding the pension outgo, the allocation in the Union Budget for the armed forces stands at Rs 3.62 lakh crore.
Finance Minister Nirmala Sitharaman on Monday said ship recycling capacity will be doubled by 2024 and efforts are being made to bring more ships from Europe and Japan.
Finance Minister Nirmala Sitharaman on Monday said senior citizens above 75 years of age with only pension income will now be exempted from filing income tax returns. The bank paying income to them will deduct the necessary tax from their bank account. This has come after Budget 2018 had announced tax law changes to provide more tax benefits to senior citizens. These included tax benefits such as the introduction of a new section 80TTB in the Income Tax Act, 1961, the deduction for medical expenditure in case of no health insurance coverage, etc.
The government has allocated Rs 3,726 crore for forthcoming Census, which will be the first digital census, Finance Minister Nirmala Sitharaman said on Monday.
In her key announcements of Union Budget 2021, Finance Minister Nirmala said that 15,000 schools will be strengthened as per National Education Policy while 100 new Sainik Schools will be set up in partnership with NGOs.
The government on Monday unveiled a scheme for setting up mega textile parks in the country, as part of the Centre's efforts to position India as a fully integrated, globally competitive manufacturing and exporting hub for the sector.
As Finance Minister Nirmala Sitharaman tabled the Union Budget 2021 in the parliament, the BSE benchmark Sensex surged around 1,400 points.
In her Union Budget 2021-22 speech on Monday, Finance Minister Nirmala Sitharaman announced that Rs 8,500 crore will be awarded by March 2022, for the completion of an additional 11,000 kms of National Highway Corridor.
Finance Minister Nirmala Sitharaman chose to wear a silk red-and-white saree on Budget Day. This is her third budget presentation and she showcased her love for handloom once again.
The Union Cabinet headed by Prime Minister Narendra Modi on Monday approved the Budget 2021-22, sources said.
Finance Minister Nirmala Sitharaman will be presenting her third Budget in a short while from now.
India's first Budget post the onset of Covid-19 pandemic will be presented to Parliament on Monday.
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.
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