Tag: budget 2021

How it will impact you

Starting from 1 April, the interest on employee contributions to provident fund of over ₹2.5 lakh per annum will be taxed, finance minister Nirmala Sitharaman...

5 new income tax rules that will come into effect from 1 April

Union Finance Minister Nirmala Sitharaman presenting Union Budget 2021 had announced a slew of changes in the income tax rules. These changes are set to...

CEA Krishnamurthy Subramanian explains the economic rationale behind Modi govt’s policy response to Covid

How did India handle the previous two economic crises — the Asian and the global financial crises? What can we learn from them to understand...

What high-income earners need to know

The absence of any changes to the tax rates on the personal tax front under Budget 2021 has indeed given a sense of relief to...

Manufacturing for the world – A bold Budget adds to the momentum

Beset by problems of low productivity and the availability of cheaper import substitutes, the manufacturing sector’s share in India’s GDP has remained range bound for...

View: Budget 2021 is a shot in the arm for India’s war on air pollution

Just like the vaccine shots for Covid-19, Budget 2021 has come as a shot in the arm for India’s war on air pollution. The allocation...

You spend on infra and you create a capital asset, jobs, demand: Nirmala Sitharaman

Your budget has been described as one of the great recent budgets. Were you expecting such a reaction? Our priority was only to make sure...

Budget 2021: It’s a five-minus-four-year plan

For many entering the debate about the (undue) importance given to the annual Union budget exercise presented by GoI every February 1, one aspect seems...

farmers: Budget is pro-corporate, government has ‘no heart’ for the poor: Congress

New Delhi: Congress has alleged that the budget was pro-corporate, aimed only at benefitting a select few rich business houses. Initiating the discussion in the...

budget 2021: Opposition slams government in Lok Sabha for ignoring ‘aam admi’ in budget

NEW DELHI: The Opposition slammed the government in the Lok Sabha on Wednesday for ignoring the “aam admi” and showing insensitivity towards agitating farmers in...

Basic Customs Duty on mobile phone components to spur localisation

New Delhi: Industry body ESC on Tuesday said imposition of 2.5 per cent Basic Customs Duty (BCD) on mobile phone components, announced in the recent...

Govt has decided India’s past Covid crisis by reducing fiscal support in Budget: Yamini Aiyer

The government seems to have decided that India is beyond the Covid-19 crisis, evident from the planned reduction in expenditure on the rural employment guarantee...

Sun Pharma, India Cement value plays; enter Britannia in next 6 months

Given the huge fiscal deficit that has been projected for next year, the government will need to borrow a lot, which in turn will harden...

View: Don’t shy away from running a larger fiscal deficit

Last week’s Union budget for 2021-22 targets a fiscal deficit of 6.8%. It might sound counterintuitive, but this target is too conservative. With GDP growth...

Sitharaman has loosened the purse strings in Budget 2021: How will it fast-track India’s growth?

The coronavirus pandemic seems to be on the wane in India and vaccination is well underway. The glimmer of light that we are waiting for...

The big Budget push to ramp up domestic manufacturing and improve export competitiveness

The Economic Survey 2020-21 and the Union Budget 2021-22 are remarkably different from previous ones. While the survey provides the analytical backstop for the government’s...

View: India’s risk-taking ability could be the key to its swift growth

Not taking a decision is sometimes a decision in itself. For the usual operative parts of Budget 2021, that has been the best thing about...

labour: Budget 2021: FM races to fix flaws in labour model

Thanks to the pandemic, the Union Budget 2021-22 not only recognized the vulnerabilities typical of the country’s migrant, gig and platform workers—but has also offered...

View: Mega plans unleashed in the Budget to spur growth, now it’s all about execution

India’s first budget of this decade was presented with the clear-cut agenda of stimulating growth on the back of government-led capital expenditure and incentivising investments,...

Govt sticks to $5 trillion economy target; emphasis on infra aimed at achieving goal: DEA Secretary

The government is sticking to the target of becoming a USD 5 trillion economy by 2024-25 and emphasis on infrastructure sector and other initiatives taken...

Only a few PSUs to remain in strategic sectors, says Niti Aayog CEO

(This story originally appeared in on Feb 04, 2021) NEW DELHI: Niti Aayog CEO Amitabh Kant says there will be a few PSUs in strategic...

View: To manage growth-induced friction, we need cooperation, threatened by anger

To make good on the growth budget, the government and its leaders must learn to appreciate the value of one behavioural imperative: smile! No, this...

View: How this Budget offers incentives for all stakeholders to propel growth

Given that healthcare has taken centre stage due to the Covid pandemic, Budget 2021, naturally, has enhanced its outlay by about 2.4 times year-on-year. More...

Anti-dumping duties, countervailing duties altered to put brakes on cheap imports

NEW DELHI: In a move to protect the industry from cheap imports, India has introduced changes in the process and levy of anti-dumping duties, countervailing...

View: Despite appearances, Budget 2021 effectively continues to follow a conservative fiscal path

One of the most enigmatic elements of GoI’s approach towards the Covid-19 pandemic has been its dogged conservative approach towards fiscal management this year. We...