BUSINESS
Post Budget, petrol, diesel prices remain unchanged
The OMCs also ignored the signals given by the international market where oil prices rose sharply by over 1 per cent nearing $57 a barrel. This would have normally pushed OMCs into raising petrol and diesel prices to reduce their under recovery. With prices on hold on Tuesday, petrol continued to be available at new record high of Rs 86.30 a litre in Delhi while diesel is available at Rs 76.48 a litre.
Elon Musk to send 1st all-civilian mission to space this year
SpaceX will chose three people to ride alongside Isaacman to orbit the planet aboard SpaceX's Crew Dragon capsule every 90 minutes along a customised flight path. Upon conclusion of the multi-day journey, Dragon will reenter Earth's atmosphere for a soft water landing off the coast of Florida.
Share Market: Sensex reclaims 50,000 over Budget euphoria
Investors continued to cheer the fact that the budget did not announce any additional burden in terms of taxes or cess on citizens and corporates. Healthy buying was witnessed in banking, finance and auto stocks. Banking stocks surged after the Finance Minister announced that two public sector banks will be privatised apart from the IDBI Bank in the upcoming financial year.
India's own 'Cash for Clunkers' announced, auto stocks jump
The long-awaited policy move that is expected to encourage new vehicle purchases was announced during the Budget 2021-22 presentation in Parliament on Monday. However, the finer details of the scheme will be announced later.
Personal Tax: Mostly procedural relief proposed for FY22
The proposals presented to the Parliament by Finance Minister Nirmala Sitharaman exempted senior citizens of 75 years and above, who are dependent on pension and interest income from filing income tax returns. However, the paying bank will deduct the necessary tax on their income.
Thrifty Budget: Massive spending spree proposed to unleash growth
In her third budget presentation in the Parliament on Monday, Finance Minister Nirmala Sitharaman proposed to unleash massive fiscal expansion in 2021-22 on the back of high borrowings, fire sales and an agricultural cess. However, no adverse impact is set to come on prices as the Centre made prior duty adjustments before imposing the cess.
Union Budget 2021: Mamata Banerjee calls it 'anti-people'
Mamata said the budget will increase prices of the essential commodities. The West Bengal Chief Minister dubbed the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) as a vindictive government.
Union Budget 2021: Nitish Kumar terms it 'balanced'
The Bihar Chief Minister further said that a budget of Rs 34.8 lakh crore has been presented for 2021-22, which is more than the estimated budgetary expenditure of Rs 30.42 lakh crore for the year 2020-21. He said that 41 per cent amount will be given to the state governments in the light of the recommendation of the 15th Finance Commission.
Union Budget 2021: What becomes cheaper and what gets costlier| Here's the list
It is one of the most important budgets in recent years as the country is facing an unprecedented situation due to the coronavirus pandemic. The finance minister presented optimistic figures, as she said that the country will grow at 11 per cent for the next fiscal year. However, it is projected to contract at 7.7 per cent for the current fiscal year.
Union Budget 2021: Key highlights
The budget speech of the finance minister focussed on a wide range of topis- funds for tackling Covid-19, government spendings on education, healthcare and infrastructure as well as welfare of migrants and senior citizens.
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