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Tag: Union Budget

Odisha Budget Session 2021-22
Odisha Budget 2021-22 To Be Tabled On February 22, Session To Commence From 18th

Bhubaneswar: The budget session of the Odisha Legislative Assembly will commence on February 18 and continue till April 9, 2021. The annual budget for 2021-22 will be tabled by State Finance Minister Niranjan Pujari on February 22. As per a notification issued on Monday, the budget session this year, which will begin with the Governor […]

Union Budget 2021: Govt Earmarks Rs 35,000 Crore For COVID-19 Vaccine
Union Budget 2021: Govt Earmarks Rs 35,000 Crore For COVID-19 Vaccine

New Delhi: The government on Monday proposed a budget outlay of Rs 2,23,846 crore for health and well being in 2021-2022, an increase of 137 per cent from the previous year, with Rs 35,000 crore earmarked for COVID-19 vaccine in the upcoming fiscal. Presenting the budget, Finance Minister Nirmala Sitharaman positioned health and well being […]

Union Budget 2021: Here Is What Odisha Demands

Bhubaneswar:  Odisha Government has sought adequate fund allocation for the State in Union Budget for 2021-22. The State demanded Rs 72,000 crore for the development of Railway infrastructure in Odisha and sanctioning of new railway lines. Taking part in the pre-budget consultation meeting with Union Finance Minister Nirmala Sitharaman, Odisha Finance Minister Niranjan Pujari said […]

Parliament Session To Commence On Jan 29, FM Sitharaman To Present Union Budget On Feb 1
Parliament Session To Commence On Jan 29, FM Sitharaman To Present Union Budget On Feb 1

New Delhi: The Budget session of Parliament will begin on January 29 with the address of President Ram Nath Kovind to the joint sitting of both the Houses. Union Finance Minister Nirmala Sitharaman is set to present the Union Budget on February 1. The session will be held in two parts — from January 29 […]

FM Sitharaman Promises 'Never Before' Like Union Budget
FM Sitharaman Promises 'Never Before' Like Union Budget

New Delhi: Finance Minister Nirmala Sitharaman on Friday promised a “never before” like Union Budget as the government looks to steer the pandemic-battered economy and push growth. While investment in health, medical Research & Development (R&D) and developing greater skills to handle telemedicine is going to be critical, livelihood challenges would have to be seen […]

Government Announces Rs 14000-Crore Healthcare Package To Boost Domestic Manufacturing Of Bulk Drugs

New Delhi: The government on Saturday announced a Rs 14,000-crore healthcare package that would incentivise production of active pharmaceutical ingredient (API) and medical devices in the country and reduce dependence on import for critical healthcare needs. Such an initiative would be a big boost to domestic manufacturing of bulk drugs in the country. The COVID-19 […]

FRBM Not Breached In The Union Budget: FM Nirmala Sitharaman

Hyderabad: Finance Minister Nirmala Sitharaman on Sunday said the 2020-21 union budget was prepared keeping the FRBM (Fiscal Responsibility and Budget Management)in mind even as she maintained she would be remembered for presenting the “longest prepared budget” than for “longest speech” on it. “So in a way all these (measures) and more has been done […]

government jobs
Govt Depts To 'Create' Over 2.6 Lakh Jobs Between 2019 and 2021

New Delhi: Amid a chorus of criticism by opposition parties over lack of employment generation, the Union Budget presented on Saturday estimated that more than 2.62 lakh jobs are likely to be created between March 2019 and March 2021 in various organisations. The strength of government establishments was 32,62,908 as on March 1, 2019, which […]

Pensioners, Job Starters, Entrepreneurs To Gain More From IT Rate Cut

New Delhi: Opting for the new tax rates proposed in the budget could be beneficial for job-starters, pensioners, entrepreneurs and those taxpayers unable to claim available deductions and exemptions under the current tax structure, government sources said. Finance Ministry sources said that there are significant numbers of people, who for various reasons, are not able […]

Odisha Will Lose About Rs 3,000 Crore: CM Naveen On Union Budget

Bhubaneswar: Chief Minister Naveen Patnaik on Saturday said that Odisha will lose about Rs 3,000 crore as the divisible pool of Central taxes has shrunk by almost Rs 59,000 crore. He also expressed concern over the stagnation in the allocation under centrally sponsored schemes, even though he welcomed several initiatives in the Union Budget 2020-21, which […]

Budget 2020 Sensex
Budget 2020: Sensex plunges over 450 pts, Nifty below 11,900

Mumbai: Market benchmark Sensex plunged over 450 points in afternoon session on Saturday after the Union Budget projected widening of fiscal deficit for the current financial year. The 30-share BSE index was trading 452.14 points, or 1.11 per cent, lower at 40,271.35 at 1320 hours. Similarly, the 50-share NSE Nifty cracked 111.70 or 0.93 per […]

Equity market trades flat ahead of Union Budget

Mumbai: As the markets opened on Saturday on the day of the Union Budget the key equity indices traded on a flat-to-positive note. The tepid trade in the domestic indices can also be attributed to the decline in the US and Asian markets after US President Donald Trump declared a public health emergency in response […]

Union Budget 2020: Big Reduction In Tax Rates, Boost To Agriculture And Many More

Bhubaneswar: Finance Minister Nirmala Sitharaman on Saturday presented full-year budget for the year ending March 2021. This was the second budget for Sitharaman in  the second term of the Narendra Modi government. Here are the KEY HIGHLIGHTS:  Budget Speech: Nirmala Sitharaman says customs duty raised on footwear and furniture Health cess on import of medical […]

Budget2020 final
Despite Father's Demise, Finance Ministry Official Continues Union Budget 2020 Duty

New Delhi: While many of us may just believe in the proverb “Work is Worship”, there are some who set rare example with their extraordinary gesture. One such person is Kuldeep Kumar Sharma, a Financial Ministry official, who continued his task despite getting the news of his father’s demise. Sharma, who is Deputy Manager (Press), […]

Markets Expect Relaxation On Long-Term Capital Gains Tax

Mumbai: Similar to expectations ahead of the Union Budget, Dalal Street has its eyes on a possible relaxation in taxes such as long-term capital gains tax (LTCG) and Dividend distribution tax (DDT) on February 1. The LTCG tax is applicable on profits arising from the sale of equity, mutual funds or gold held for a […]

FM Sitharaman Kicks Off 2020 Budget Countdown With 'Halwa' Ceremony

New Delhi: Finance Minister Nirmala Sitharaman on Monday kicked off the countdown to the Union Budget on February 1 by joining the ‘Halwa’ ceremony and with this, the Budget paper printing starts under utmost secrecy. Sitharaman, MoS (Finance) Anurag Thakur participated in the ‘Halwa’ ceremony on Monday, which was held at the Finance Ministry in […]

PM Calls For Focussed Effort To Make India USD 5 Trillion Economy

New Delhi: Prime Minister Narendra Modi on Thursday called for a focussed effort to make India a USD 5 trillion economy in an interaction with economists, sector experts and successful young entrepreneurs ahead of the Union Budget for 2020-21. Appreciating the suggestions made by the experts, the Prime Minister said that he would endeavour to […]

PM Modi Personally Overseeing Budget To Put Economy Back On Track

New Delhi:  The dismal economic growth has forced the government to step on the gas ahead of the Union Budget — with sources saying that it is not just North Block assigned to the Budget — but even Prime Minister Narendra Modi himself taking on an active role. Modi is meeting economists at Niti Aayog […]

Budget impact: FIIs sell nearly Rs 3,000 cr in 6 sessions

Mumbai: Foreign Institutional Investors (FIIs) have pulled out nearly Rs 3,000 crore after the Budget proposed a higher surcharge on the super-rich impacting most FPIs. In just 6 sessions since the Union Budget was proposed, FIIs offloaded Rs 2,937.53 crore worth of shares. Institutional investors play a dominant role in day-to-day market movement in India. […]

Tharoor uses cricket analogy to criticise Union Budget

New Delhi: The Union Budget has “unnecessarily defensive strokes, drop catches and quite a few no balls”, Congress leader Shashi Tharoor said in Lok Sabha on Monday, slamming the government for allegedly not addressing key issues facing the economy, including farm distress, and raising fuel prices. Tharoor, who was initiating discussion on the Union Budget […]

7th pay commission railway promotion salary hike
7th Pay Commission: Central Govt Employees' Minimum Pay Hike In Limbo

In her maiden Budget on Friday, Finance Minister Nirmala Sitharaman was seen stressing more on tackling the loopholes in the economy through incremental steps rather than just opting for the announcement route, but the announcement didn’t bring any cheer for the lakhs of Central government employees who were expecting hike in minimum pay beyond the […]

Budget will empower poor and give youth a better tomorrow: PM

New Delhi: Describing the Union Budget as citizen friendly, development friendly and future oriented, Prime Minister Narendra Modi on Friday said it will empower the poor and provide the youth with a better future. Terming the Budget as one that extends “hope” and boosts “self confidence”, he said the policies of the government will empower […]

Additional Rs 1.5L Deduction of Interest for Affordable Housing: Sitharaman

New Delhi: The effective tax rates for the higher income group individuals having taxable income from Rs 2 crore to Rs 5 crore and Rs 5 crore and above is proposed to be increased by around 3 percent and 7 percent respectively. Presenting the General Budget 2019-20 in the Parliament today, Union Minister of Finance […]

Credit Guarantee Enhancement Corporation to be set up: FM

New Delhi: A Credit Guarantee Enhancement Corporation is to be set up in 2019-20. This was announced by the Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, while presenting the Union Budget 2019-20 in Parliament today. The Finance Minister further said that we recognize that investment-driven growth requires access to low cost capital. It […]

New Education Policy: Centre allocates Rs 400 crore for creating world class institutions

Bhubaneswar: The Centre will soon introduce a new ‘National Education Policy’ to transform higher education system in the country. The new policy has proposed major changes in both school and higher education among others, better Governance systems and brings greater focus on research and innovation. An amount of Rs. 400 crore has been provided for […]