The government will soon introduce a bill on cryptocurrency after the Cabinet’s approval, said Finance Minister on Tuesday. “This is a risky area and not in a complete regulatory framework. No decision was taken on banning its advertisements. Steps are taken to create awareness through RBI and SEBI. The government […]
Read Time : 1 Minutes
Government to facilite businesses with minimum regulation: Nirmala Sitharaman
The Union Budget sets India in the right direction where the government only facilitates businesses with minimum regulation, Union Finance Minister Nirmala Sitharaman said on Saturday. “If we need a welfare state where the poor are attended, where the government intervenes in health and educational sector, then the need for wealth creation also has […]
Read Time : 2 Minutes
Budget addressed preventative, curative health and well-being: Nirmala Sitharaman
The Union Budget 2020-2021 has addressed preventative, curative health and well-being, said Finance Minister Nirmala Sitharaman on Saturday, adding that in spite of bringing water and sanitation, the allocations to the core health has gone up. While replying to the discussion on the Union Budget in Lok Sabha, Sitharaman said, “In the Budget speech, I very […]
Read Time : 1 Minutes
Nirmala Sitharaman to reply on Union Budget discussion in RS tomorrow
Union Finance Minister Nirmala Sitharaman will reply to the discussion on Union Budget in Rajya Sabha tomorrow. The Finance Minister presented the Union Budget for the financial year 2021-22 in Lok Sabha on February 1. Presenting the first-ever digital Union Budget, Union Finance Minister Nirmala Sitharaman earlier this month had said that India’s fight against COVID-19 continues into 2021. The first part of the […]
Read Time : 2 Minutes
Govt to amend Apprenticeship Act to enhance opportunities for youth: Sitharaman
To enhance opportunities for youth, the government on Monday proposed to amend the Apprenticeship Act and realign the National Apprenticeship Training Scheme for a post-education apprenticeship, training of graduates and diploma holders in engineering. Presenting the Budget for 2021-22 in Parliament, Finance Minister Nirmala Sitharaman said over ₹3,000 crore will be […]
Read Time : 1 Minutes
Union Budget: Nirmala Sitharaman announces launch of Deep Ocean Mission
Union Finance Minister Nirmala Sitharaman in her Budget speech on Monday said a “Deep Ocean Mission” will be launched. “Sincere gratitude to Finance Ministry of India and Union Finance Minister Niramala Sitharaman Ji for marking an outlay of 4,000 crores rupees, over 5 years to support the Deep Ocean Mission. Ministry of […]
Read Time : 2 Minutes
Finance Minister Nirmala Sitharaman announces rationalisation of customs duty on gold, silver
Finance Minister Nirmala Sitharaman on Monday announced that the government would rationalise the customs duty on gold and silver in order to bring down the high prices. “Gold and silver presently attract a basic customs duty of 12.5 percent. Since the duty was raised from 10 percent in July 2019, prices of precious metals […]
Read Time : 1 Minutes
Govt to provide Rs 1000 cr for welfare scheme for tea workers of Assam, West Bengal
Finance Minister Nirmala Sitharaman on Monday proposed to provide Rs 1,000 crores for the welfare of Tea workers, especially women and their children in Assam and West Bengal for which a special scheme will be devised. “I propose to provide Rs 1,000 crores for the welfare of Tea workers especially women and their children […]
Read Time : 1 Minutes
Union Budget 2021: Union Finance Minister Nirmala Sitharaman proposes agri cess on petrol, diesel
Union Finance Minister Nirmala Sitharaman has announced the imposition of Agriculture Infrastructure and Development Cess (AIDC) of Rs 2.5 per litre on petrol and Rs 4 per litre on diesel. However, there would be no additional burden on the consumer overall as Sitharaman during Budget presentation also proposed to reduce […]
Read Time : 2 Minutes
Finance Minister Nirmala Sitharaman announces launch of two new metro technologies in Tier-2, Tier-1 cities
Finance Minister Nirmala Sitharaman on Monday said that two new technologies — MetroLite and MetroNeo — will be deployed to provide metro rail systems at a much lesser cost in Tier 2 cities and peripheral areas of Tier 1 cities. While presenting the Union Budget 2021-22, Sitharaman said that the metro rail network of […]
Read Time : 1 Minutes
Finance Minister Nirmala Sitharaman proposes 34.5 pc hike in capital expenditure to Rs 5.54 lakh cr
Finance Minister Nirmala Sitharaman on Monday proposed a sharp 34.5 percent hike in capital expenditure for the FY2021-22 to Rs 5.54 lakh crores to push growth. “In the BE 2020-21, we had provided Rs 4.12 lakh crores for capital expenditure. It was our effort that in spite of resource crunch we […]
Read Time : 1 Minutes
Union Finance Minister Nirmala Sitharaman proposes to increase FDI limit to 74 pc in insurance companies
Union Finance Minister Nirmala Sitharaman on Monday proposed to amend the Insurance Act 1938 to increase the permissible Foreign direct investment (FDI) limit from 49 percent to 74 percent in insurance companies and allow foreign ownership and control with safeguards. During her budget speech, Finance Minister said: “I propose to […]
Read Time : 3 Minutes
Union Budget introduces Rs 64,180 cr scheme to upgrade healthcare infrastructure
Finance Minister Nirmala Sitharaman on Monday announced a new Centre-sponsored scheme with an outlay of Rs 64,180 crore to boost healthcare infrastructure across the country amid the ongoing COVID-19 pandemic. Tabling the Union Budget 2021-22, she said the Prime Minister Atmanirbhar Swasthya Bharat Yojana will develop the capacity for primary, secondary, and tertiary care […]
Read Time : 2 Minutes
Union Cabinet approves budget 2021-22
The Union Cabinet has approved the budget 2021-22 which will be presented by Finance Minister Nirmala Sitharaman in Parliament today. The meeting began at around 10:15 am ahead of the budget presentation. Sitharaman and her team also met President Ram Nath Kovind before presenting her third budget on Monday. She was accompanied […]
Read Time : 1 Minutes
Equity indices trade higher ahead of Union Budget
Equity benchmark indices swung higher in volatile trade during early hours on Monday as Finance Minister Nirmala Sitharaman prepared to present the Union Budget in Parliament. At 10:15 am, the BSE S&P Sensex was up by 484 points or 1.05 percent at 46,770 while the Nifty 50 ticked up by 117 points […]