Congress leader Rahul Gandhi on Friday slammed the Union budget 2021-22 saying that it doesn’t have anything to improve the conditions of soldiers facing Chinese aggression on the border. “Modi’s crony centric budget means- Jawans facing Chinese aggression in extreme conditions will get no support. India’s defenders betrayed,” he tweeted. On February 4, Rahul […]
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Union Budget 2021: Education gets 93,224 crore
The Ministry of Education has been allocated ₹93,224.31 crore in the 2021-22 Budget, an increase of more than ₹8,100 crore from the revised estimates for the current fiscal. The Ministry was originally allocated ₹99,311.52 crore for the 2020-21 fiscal, which was eventually revised to ₹85,089.07 crore as the coronavirus pandemic hit the country and […]
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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 […]
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Union Budget 2021: Over 15k schools to be strengthened as per new NEP
Over 15,000 schools will be qualitatively strengthened as per reforms proposed in the new National Education Policy (NEP), which will help in handholding and mentoring other schools, according to the Union Budget for 2021-22 announced on Monday. A total of 100 new Sainik Schools will also be set up in […]
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Union Budget farmer friendly, PM Modi devoted to their welfare: Amit Shah
Union Home Minister Amit Shah on Monday hailed Union Budget 20-21 as agriculture sector friendly and lauded Prime Minister (PM) Narendra Modi for his devotion towards the welfare of farmers. “PM has been working for the welfare of farmers from day one. Numerous efforts were made to double the farmers’ income, taking this link forward…Ensuring […]
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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 […]
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Budget has set highest ever capital expenditure target: Rajnath Singh
Defence Minister Rajnath Singh on Monday expressed his happiness at the budget proposal to open 100 new Sainik Schools in the country and said several new programmes to support India’s farmers, agriculture, infrastructure and reinvigoration of human resources have also been announced. The minister, who made a series of tweets, […]
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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 […]
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PM Modi says Budget envisions self-reliance, will enhance India’s self-confidence
Prime Minister Narendra Modi on Monday hailed the Union Budget 2021-22 and said it will enhance India’s self-confidence amid the coronavirus pandemic while asserting that the budget envisions self-reliance. “The Union Budget 2021-22 has been presented amid unprecedented circumstances… Amid the situation created by COVID-19. Today’s budget will enhance India’s self-confidence and will instill […]
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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 […]
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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 […]
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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 […]
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Rahul Gandhi will be in Parliament during Union Budget presentation
Congress leader Rahul Gandhi will be present in Lok Sabha on Monday during the presentation of Union Budget by Union Minister Nirmala Sitharaman, sources said. The Congress leader has also opined that the Union Budget 2021-22 must have an increased healthcare expenditure to save lives and increase the defence expenditure to safeguard borders. “Budget2021 must: Support MSMEs, […]
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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 […]
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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 […]