BUDGET 2021: Finance Minister Nirmala Sitharaman presents Budget

01 Feb, 21 01:44 PM

In my opinion, Finance Minister had raised a lot of expectations regarding #Budget2021 and she has fulfilled all of them. Given the current times, the budget is focussed on India's growth and is tailored to accelerate the growth rate: NITI Aayog Vice Chairman Rajiv Kumar

01 Feb, 21 01:28 PM

As part of the Gaganyaan mission activities, four Indian astronauts are being trained on Generic Space Flight aspects, in Russia. The first unmanned launch is slated for December 2021: Finance Minister Nirmala Sitharaman

01 Feb, 21 01:28 PM

I propose tax holiday for capital gains for aircraft leasing companies,tax exemption for aircraft lease rentals paid to foreign lessors;tax incentive for relocating foreign funds in IFSC&to allow tax exemption to investment division of foreign banks located in IFSC: FM Sitharaman

01 Feb, 21 01:27 PM

Consequently, unbranded petrol and diesel will attract basic excise duty of Rs 1.4, and Rs 1.8 per litre respectively. The SAED on unbranded petrol and diesel shall be Rs 11 and Rs 8 per litre respectively. Similar changes have also been made for branded petrol and diesel: FM

01 Feb, 21 01:27 PM

Consequent to imposition of Agriculture Infrastructure and Development Cess (AIDC) on petrol and diesel, Basic excise duty (BED) and Special Additional Excise Duty (SAED) rates have been reduced on them so that overall consumer does not bear any additional burden: FM Sitharaman

01 Feb, 21 01:27 PM

Gold and silver presently attract a basic customs duty of 12.5%. Since the duty was raised from 10% in July 2019, prices of precious metals have risen sharply. To bring it closer to previous levels, we are rationalizing custom duty on gold and silver: FM Nirmala Sitharaman

01 Feb, 21 01:26 PM

In order to incentivize startups in the country, I propose to extend the eligibility for claiming tax holidays for startups by one more year, till 31st March 2022: Finance Minister Nirmala Sitharaman. #Budget2021

01 Feb, 21 01:26 PM

Reducing Customs duty uniformly to 7.5% on semis, flux & long products of non-alloy, alloy & stainless steel. To provide relief to metal recyclers, mostly MSMEs, I'm exempting duty on steel scrap up to 31st March 2022. I am also revoking ADD & CBD on certain steel products: FM

01 Feb, 21 01:12 PM

Domestic electronic manufacturing has grown rapidly. For greater domestic value addition we're withdrawing a few exemptions on part of chargers & sub-parts of mobiles. Further some parts of mobiles will move from nil rate to a moderate 2.5%: FM Sitharaman

01 Feb, 21 12:53 PM

To further reduce litigation for small taxpayers I propose to constitute a dispute resolution committee which will be faceless to ensure efficiency, transparency. Anyone with a taxable income up to Rs 50 Lakhs & disputed income up to Rs 10 Lakhs eligible to approach committee: FM

01 Feb, 21 12:53 PM

The fiscal deficit in 2021-22 is estimated to be 6.8% of the GDP: Finance Minister Nirmala Sitharaman

01 Feb, 21 12:45 PM

Fiscal deficit in 2020-21 pegged at 9.5% of GDP. We would need another Rs 80,000 crores for which we would be approaching the market in these two months: FM Nirmala Sitharaman #UnionBudget2021

01 Feb, 21 12:41 PM

I propose to reduce the time limit for reopening of assessments (tax assessments) to 3 years from the present 6 years: FM Nirmala Sitharaman

01 Feb, 21 12:41 PM

The forthcoming census would be the first digital census in the history of India. For this monumental task, I have allocated 3,768 crores in this year 2021-22: FM Nirmala Sitharaman.

01 Feb, 21 12:41 PM

We shall reduce the compliance burden on our senior citizens who are 75 years of age & above - for senior citizens who only have pension & interest income, I propose exemption from filing their Income Tax return: FM Nirmala Sitharaman.

01 Feb, 21 12:40 PM

For accessible higher education in Ladakh. I propose to set up a central university in Leh: Finance Minister Nirmala Sitharaman. #UnionBudget2021

100 new Sainik schools will be set up in partnership with NGOs, private schools, and states. We would be introducing the legislation this year to implement the setting-up of Higher Education Commission of India: FM Nirmala Sitharaman. #Budget2021

01 Feb, 21 12:34 PM

To further extend efforts towards unorganised labour force, I propose to launch a portal to collect relevant information on gig workers, building/construction workers among others. It'll help formulate health, housing, skill, insurance credit &food schemes for migrant workers: FM

01 Feb, 21 12:34 PM

Social security benefits will be extended to gig and platform workers. Minimum wages will apply to all categories of workers. Women will be allowed to work in all categories and also in night shifts with adequate protection: FM Nirmala Sithraman. #Budget2021

01 Feb, 21 12:22 PM

We have launched one nation, one ration card scheme through which beneficiaries can claim their rations anywhere in the country. Migrant workers in particular benefit from scheme. One nation, One ration card plan is under implementation by 32 states & UTs: FM Nirmala Sithraman.

01 Feb, 21 12:22 PM

I am proposing substantial investments in the development of modern fishing harbours & fish landing centres. 5 major fishing harbours - Kochi, Chennai, Visakhapatnam, Paradip and Petuaghat will be developed as hubs for economic activities: FM Nirmala Sitharaman.

01 Feb, 21 12:15 PM

I propose to amend the Insurance Act 1938 to increase the permissible FDI limit from 49% to 74% in insurance companies and allow foreign ownership & control with safeguards: Finance Minister Nirmala Sitharaman. #Budget2021

01 Feb, 21 12:07 PM

Our Govt is committed to the welfare of farmers. The MSP regime has undergone a change to assure price that is at least 1.5 times the cost of production across all commodities.Procurement has also continued to increase at a steady pace. This has resulted in increase in payment to farmers substantially. In case of wheat, total payment paid to farmers in 2013-14 was Rs Rs 33,874 cr. In 2019-20 it was Rs 62,802 cr. In 2020-21, it was Rs 75,060 crores: FM

01 Feb, 21 12:08 PM

Ujjwala scheme will be expanded to over 1 crore more beneficiaries. We will add 100 more districts in the next three years to the city gas distribution network. A gas pipeline project will be taken up in Jammu and Kashmir: Finance Minister Nirmala Sitharaman. #UnionBudget2021

01 Feb, 21 12:07 PM

In 2021-22 we would also bring the IPO of LIC for which I am bringing the requisite amendments in this session itself: Finance Minister Nirmala Sitharaman

01 Feb, 21 11:58 AM

I am providing a record sum of Rs 1,10,055 crores for Railways of which Rs 1,07,100 crores is for Capital Expenditure only: Finance Minister Nirmala Sitharaman

01 Feb, 21 11:57 AM

Safety measures undertaken in past yrs have borne results. To further strengthen, high-density network &highly utilised network routes of Railways will be provided with indigenously developed automatic train protection system that eliminates train collision due to human error: FM

01 Feb, 21 11:55 AM

The pneumococcal vaccine, limited to only 5 states at present, to be rolled out across the country. This will avert more than 50,000 child deaths annually: Finance Minister Nirmala Sitharaman

01 Feb, 21 11:52 AM

For a 5-trillion dollar economy, our manufacturing sector has to grow in double digits on a sustained basis. Our manufacturing companies need to become an integral part of global supply chains: Finance Minister Nirmala Sitharaman. #UnionBudget2021

01 Feb, 21 11:50 AM

Indian Railways has prepared a National Rail Plan for India 2030. The plan is to create a future-ready railways system by 2030 - bringing down logistic cost for industry is at the core of a strategy to enable Make in India: Finance Minister Nirmala Sitharaman

01 Feb, 21 11:41 AM

I have provided Rs 35,000 crores for #COVID19 vaccine in this year 2021-22. I am committed to provide further funds if required: Finance Minister Nirmala Sitharaman. #UnionBudget2021

01 Feb, 21 11:39 AM

Over 13,000 km length of roads at a cost of Rs 3.3 lakh cr has already been awarded under Rs 5.35 lakh cr Bharatmala project of which 3,800 kms have been constructed. By March 2022 we'd be awarding another 8,500 & complete an additional 11,000 kms of National Highway Corridor: FM

01 Feb, 21 11:33 AM

A new centrally sponsored scheme PM Atmanirbhar Swasth Bharat Yojana will be launched with an outlay of about 64,180 crores over 6 years: Finance Minister Nirmala Sitharaman. #UnionBudget2021

01 Feb, 21 11:32 AM

For 2021-22, I propose a sharp increase in Capital Expenditure & thus have provided Rs 5.54 lakh crores which is 34.5% more than the BE 2020-21: FM Nirmala Sitharaman

01 Feb, 21 11:30 AM

The Budget proposals for 2021-12 rest on six pillars —health & well-being, physical & financial capital & infrastructure, inclusive development for aspirational India, reinvigorating human capital, innovation & R&D, Minimum Govt & Maximum Governance: FM Nirmala Sitharaman

01 Feb, 21 11:29 AM

India now has one of the lowest #COVID19 death rates of 112 per million population and one of the lowest active cases of about 130 per million. This has laid the foundation for the economic revival we see today: Finance Minister Nirmala Sitharaman in Parliament

01 Feb, 21 11:29 AM

Only three times has the Budget followed a contraction in the economy. This time, unlike before, the situation is due to a global pandemic. Budget 2021 provides every opportunity for economy to capture pace and grow sustainably: FM Nirmala Sitharaman

01 Feb, 21 11:28 AM

This Budget will be the first of this new decade. Budget 2021 will also be a digital budget: Finance Minister Nirmala Sithraman. #UnionBudget2021

01 Feb, 21 11:28 AM

I borrow the words from Rabindranath Tagore, "Faith is the bird that feels the light and sings when the dawn is still dark". In this spirit, I can't help but recall the joy that we as a Cricket loving nation felt after Team India's recent spectacular success in Australia: FM

01 Feb, 21 11:17 AM

The Government stretched its resources for the benefit of the poorest of the poor. The PM Garib Kalyan Yojana, the three Aatma Nirbhar Bharat packages and subsequent announcements were like five mini-budgets in themselves: FM Nirmala Sitharaman

01 Feb, 21 11:17 AM

Today India has 2 vaccines available and has begun safeguarding not only her own citizens against #COVID19 but also those of 100 or more countries. It has added comfort to know that 2 ore more vaccines are also expected soon: FM Nirmala Sitharaman

01 Feb, 21 11:16 AM

In May 2020, Govt announced the Atmanirbhar Bharat package, to sustain the recovery further we also rolled out two more Atmanirbhar packages. Total financial impact of all packages including measures taken by RBI was estimated to be about Rs 27.1 lakh crores: FM Nirmala Sitharaman

01 Feb, 21 11:14 AM

FM Nirmala Sitharaman presents Union Budget 2021-22

01 Feb, 21 11:14 AM

The preparation of this Budget was undertaken in circumstances like never before, in view of calamities that have affected a country or a region within a country. But what we have endured with COVID-19 to 2020 is Sui generis: FM Nirmala Sitharaman

01 Feb, 21 11:13 AM

01 Feb, 21 11:12 AM

01 Feb, 21 11:12 AM

01 Feb, 21 11:09 AM

The Union Budget 2021, which has attracted the attention of the entire country, will be presented in the Lok Sabha shortly. What relief will the common man get from the budget? Which items will be cheaper and what will become expensive? Read more

01 Feb, 21 10:53 AM

Ahead of the Union Budget 2021-22 presentation, TRS Member of Legislative Council (MLC) Kavitha Kalvakuntla on Monday said that the budget must benefit those who have been most affected by the COVID-19 pandemic and subsequent lockdowns. Read more

01 Feb, 21 10:28 AM

01 Feb, 21 10:28 AM

Union Cabinet's meeting begins ahead of the presentation of #UnionBudget 2021-22 by Finance Minister Nirmala Sitharaman at the Parliament today.

01 Feb, 21 10:26 AM

Gold price on the day of Budget 2021 fell to Rs 47,960 per 10 gm from Rs 48,800. Silver price soared to Rs 69,800 per kg according to the Good Returns website. Read more

01 Feb, 21 10:08 AM

01 Feb, 21 10:08 AM

Finance Minister Nirmala Sitharaman and MoS Finance & Corporate Affairs Anurag Thakur arrive at the Parliament in Delhi.

01 Feb, 21 10:07 AM

Finance Minister Nirmala Sitharaman, MoS Finance & Corporate Affairs Anurag Thakur and senior officials of the Ministry of Finance, called on President Kovind at Rashtrapati Bhavan before presenting the #UnionBudget 2021-22.

01 Feb, 21 10:04 AM

The Union Budget for 2020-21's total expenditure has been pegged at Rs 30.42 lakh crore, keeping in mind the government's commitment towards various schemes and the need for improvement in the quality of life. Read more

01 Feb, 21 09:34 AM

Finance Minister Nirmala Sitharaman will present and read out the #UnionBudget 2021-22 at the Parliament through a tab, instead of the traditional 'bahi khata'.

01 Feb, 21 09:33 AM

FM Nirmala Sitharaman and MoS Finance Anurag Thakur leave from Ministry of Finance. FM will present #UnionBudget 2021-22 at Parliament today. For the first time ever, the Budget will be paperless this year due to COVID. It will be available for all as a soft copy, online

01 Feb, 21 09:32 AM

Finance Minister Nirmala Sitharaman arrives at the Ministry of Finance. She will present the #UnionBudget 2021-22 in the Parliament today.

01 Feb, 21 09:31 AM

MoS Finance and Corporate Affairs Anurag Thakur arrives at the Ministry of Finance. Finance Minister Nirmala Sitharaman will present the #UnionBudget2021 in the Parliament today.

01 Feb, 21 09:31 AM

Budget will be in accordance with people's expectations. Govt which functions on mantra of 'Sabka Saath, Sabka Vikas, Sabka Vishwas' gave new direction to India by announcing Aatmanirbhar package, protecting it from pandemic & bringing economy back on track swiftly: MoS Finance Anurag Thakur

01 Feb, 21 09:16 AM

MoS Finance Anurag Thakur offers prayers at his residence, ahead of the presentation of the #UnionBudget 2021-22 in the Parliament today.

01 Feb, 21 09:15 AM

FM Sitharaman to present Union Budget 2021 today