New Delhi: In another bid to boost domestic manufacturing, the government on Monday announced a 2.5 per cent increase in customs duty on mobile chargers and some sub-parts of phones, a move that will make phones more expensive. Finance Minister Nirmala Sitharaman, during her Budget speech, said, “Withdrawing exemptions on parts of chargers and mobile […]
New Delhi: The Congress on Monday criticised the Centre for failing to address the farm issues and termed the Union Budget as ‘Kisan Vidrohi’. In a tweet on Monday soon after the Budget presentation, Congress leader Jaiveer Shergill said, “BJP Govt reading laundry list of hollow reforms in agri sector is case of failed student […]
Mumbai: The BSE Sensex soared over 2,000 points on Monday afternoon after Finance Minister Nirmala Sitharaman completed her first digital presentation of the Union Budget for FY21-22. Around 1.50 p.m., Sensex was trading at 48,346.88, higher by 2,061.11 points or 4.45 per cent from its previous close of 46,285.77 points. The Nifty50 on the National […]
New Delhi: To boost digital payments, Union Finance Minister Nirmala Sitharaman on Monday proposed a Rs 1,500 crore scheme during her budget presentation. “To give a further boost to digital transactions, I earmark Rs 1,500 crore for a proposed scheme that will provide financial incentive to promote digital mode of payment,” Sitharaman said. Sitharaman also […]
New Delhi: Prime Minister Narendra Modi on Monday congratulated Finance Minister Nirmala Sitharaman for her marathon 110-minute Budget speech and also inquired about her health soon after she completed her presentation. The Finance Minister began her Budget speech at 11 a.m. for the third time in the National Democratic Alliance (NDA) government led by Prime […]
New Delhi: The government on Monday imposed agriculture and infrastructure development cess at the rate of Rs 2.5 per litre on petrol and Rs 4 per litre on diesel to mobilise additional resources required for massive investment required in these two key segments of the economy that hold the key to bringing back the country […]
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 […]
New Delhi: A sum of Rs 24,435 crore has been set aside for the Women and Child Development (WCD) Ministry for the next fiscal in the Budget announced on Monday, a 16.31 per cent increase over the 2020-21 financial year. Out of Rs 24,435 crore, the highest amount has been allocated to the newly announced […]
New Delhi: Over 1.4 lakh jobs are estimated to be created between March 2019 and March 2021 in various central government departments, according to the Union Budget presented on Monday. The strength of government establishments was 32,71,113 as on March 1, 2019, which is estimated to increase to 34,14,226 by the first day of next […]
New Delhi: The central government on Monday allocated Rs 2596.14 crore for the financial year 2021-22, a reduction of Rs 230.78 crore when compared to the amount earmarked initially for the previous year. In the last financial year, the government had allocated Rs 2826.92 crore for sports, which was later revised to Rs 1800.15 crore […]
New Delhi: The BJP on Monday hailed the Union Budget as one for an ‘Aatmanirbhar Bharat’, and asserted that this all-inclusive budget will strengthen the economy and double farmers’ income. Ruling party leaders lauded the budget for its focus on a number of measures, including capital expenditure, tax exemption for senior citizens and incentives for […]
Bhubaneswar: In the first budget post the once in a lifetime pandemic, Union Finance Minister Nirmal Sitharaman has harped high on the health and wellness sector in the budget. She today has also presented the 15th Finance Commission report in the Parliament. As per the 15th FC report, Odisha healthcare is seemingly on a sickbed. […]
New Delhi: Gold and silver are set to become cheaper as Finance Minister Nirmala Sitharaman has proposed rationalisation in customs duty on imports of these precious metals in the Union Budget for 2021-22. As per the proposal of the FM, the duty on gold and silver will be reduced to 7.5% from 12.5%. In July, […]
New Delhi: Environment activists and experts on Monday said the Budget announcements that India will soon have a policy on green hydrogen is a welcome step but expressed displeasure over lack of policy on closing inefficient coal plants and clarity on electric public transport vehicles. Responding to the budget announcements, Aarti Khosla, Director Climate Trends, […]
Bhubaneswar: Odisha Chief Minister Naveen Patnaik expressed concern over the “drastic reduction” of the share in central taxes and centralization of revenue by introduction of cess on petrol and diesel. He, however, welcomed certain aspects of the union budget 2021-2022. He said the banks have to be made accountable to extend credit to women, farmers […]
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