BUSINESS
Union Budget 2021: Favourable for selected companies, says Arvind Kejriwal
In a pre-budget meeting with Finance Minister Nirmala Sitharaman held earlier this month, Delhi Finance Minister Manish Sisodia had demanded that the national capital should be treated at par with the Union Territory of Jammu and Kashmir regarding its share of central taxes and central assistance.
Union Budget 2021: A progressive and comprehensive document, says CAIT
According to CAIT, no new tax has been imposed in the Budget, which makes it even more effective. Although there was speculation about fresh taxation since the last fortnight across the country, which has stopped now.
Union Budget 2021 explained via infographics
The government has decided to confine itself to only four strategic sectors- atomic energy, space and defence; power, petroleum, coal and other minerals; transport and telecommunications; and banking, insurance and financial services. Other than the reforms in CPSEs, the Finance Minister announced many projects in different states.
Budget Boost: Sensex jumps 2,000 points
Around 1.50 p.m., Sensex was trading at 48,346.88, higher by 2,061.11 points or 4.45 per cent from its previous close of 46,285.77 points. The Nifty50 on the National Stock Exchange was trading at 13,826.45, higher by 191.85 points or 1.41 per cent from its previous close.
Union Budget 2021: Tax deduction on affordable housing loans extended by another 1 yr
The deduction so far was allowed on housing loans sanctioned on or before March 31, 2021. Further, in order to boost the supply of affordable houses in the country, the Budget proposed a tax holiday on profits earned by developers of affordable housing project approved by March 31, 2021.
Union Budget 2021: FY22 disinvestment target at Rs 1.75L cr, 2 PSBs to be privatised
A major announcement made by Finance Minister Nirmala Sitharaman was that the government will privatise two public sector banks other than IDBI Bank. One general insurance company will also be privatised in the coming fiscal, she said.
Union Budget 2021: Major push to privatisation exercise, Govt to restrict itself to only 4 strategic sectors
The four sectors in which the government will continue to have presence are - atomic energy, space and defence; transport and telecommunications; power, petroleum, coal and other minerals; and banking, insurance and financial services. The finance minister further said that the government has approved the policy to privatise all CPSEs which was announced as part of the Atmanirbhar package.
Union Budget 2021: Govt is procuring crops at 1.5 times MSP
In her Budget speech, the Finance Minister said procurement of crops will continue at the minimum support price. Presenting statistics on procurement of wheat and rice on MSP, she said that this year Rs 1,72,000 crore will be spent on procurement of rice and more than Rs 62,000 crore have already been spent on procurement of wheat.
Union Budget 2021: Development Financial Institution proposed to fund projects
The Finance Minister proposed to create the DFI -- National Bank for Financing Infrastructure and Development (NaBFID) -- via a parliamentary bill. Accordingly, the DFI will be formed with a seed capital of Rs 20,000 crore.
Railways gets push of Rs 1.1 lakh cr with Rs 1.07L cr for capex
Presenting the Union Budget 2021-22, Sitharaman said, "I am announcing a record sum of Rs 1,10,055 crore for Railways of which Rs 1,07,100 crore is for capital expenditure only." She said the Railways will monetise DFC assets, its operations and maintenance after its commissioning.
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