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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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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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 […]
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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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Union budget must benefit those affected by Covid-19, says TRS leader
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. “I look forward to the budget address by Finance Minister Nirmala Sitharamanji. After the challenging year 2020, I […]
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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 […]
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Union Budget: Nirmala Sitharaman reaches Ministry of Finance
Union Finance Minister Nirmala Sitharaman on Monday morning reached the Ministry of Finance in the North Block, ahead of presenting the Union Budget 2021-22 in the Parliament. MoS Finance and Corporate Affairs Anurag Thakur has also arrived at the Ministry of Finance. The Budget presentation will begin with a speech from Finance Minister scheduled to take place at around 11 […]
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Banking, pharma stocks pull down equity indices
Equity benchmark indices cracked during early hours on Thursday amid weak global cues and as caution set in ahead of the Union Budget. At 10:15 am, the BSE S&P Sensex was down by 339 points or 0.71 percent at 47,071 while the Nifty 50 lowered by 98 points or 0.7 percent to […]
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Union budget: Development Finance Institution likely to be announced
The creation of a mega Development Finance Institution (DFI) is likely to be announced in the Union Budget. The institution is expected to be created by merging some existing financial institutions to meet the long-term financing needs of new, stalled, and work-in-progress infrastructure projects worth over ₹100 lakh crore, people aware of […]