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.
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.
Announcing Budget 2021, Finance Minister Nirmala Sitharaman said this year's budget was based on 6 pillars to ensure the overall development of the country.
The Budget focuses on increasing farmers' income, several measures have been taken in this direction. Farmers will be able to get loans easily. Provisions have been made to strengthen APMC markets with the help of Agriculture Infrastructure Fund: PM Modi
PM Narendra Modi said that the Budget talks of all-round development for all parts of country as he noted record increase in allocation for infrastructure building.
Excluding the pension outgo, the allocation in the Union Budget for the armed forces stands at Rs 3.62 lakh crore.
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.
Union Budget 2021: Sitharaman said that Rs 75,100 crore has been allocated for the farmers of the country. The FM also announced an increase in agriculture credit target to Rs 16.5 lakh crore in FY 2021-22.
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.
Finance Minister Nirmala Sitharaman heaped praises on India's memorable win in the Border-Gavaskar Trophy.
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.
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.
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.
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'.
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