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 […]
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 […]
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), […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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