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3 new DFCs announced in budget worth Rs 1.78 lakh crore: Officials

3 new DFCs announced in budget worth Rs 1.78 lakh crore: Officials

🕔14:23, 1.Feb 2021

New Delhi, Feb 1  The three new dedicated corridors for railways announced by Union Finance Minister Nirmala Sitharaman in the Union Budget 2021-22 are valued at Rs 1.78 lakh crore, officials related to the development said. The Railways Minister last

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Budget Boost: Sensex jumps 2,000 points

Budget Boost: Sensex jumps 2,000 points

🕔14:23, 1.Feb 2021

Mumbai, Feb 1  The BSE Sensex soared over 2,000 points on Monday afternoon after Finance Minister Nirmala Sitharaman completed her first digital presentation of the Union Budget for FY21-22. Around 1.50 p.m., Sensex was trading at 48,346.88, higher by 2,061.11

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Agriculture Infra Fund to be available for APMC mandis: FM

Agriculture Infra Fund to be available for APMC mandis: FM

🕔14:22, 1.Feb 2021

New Delhi, Feb 1  Union Finance Minister Nirmala Sitharaman made a major announcement in the Union Budget 2020-21 related to the agriculture sector on Monday, saying that the Agriculture Infrastructure Fund would also be available for Agricultural Produce Market Committee

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Customs duty up 2.5% on mobile parts, phones to get expensive

Customs duty up 2.5% on mobile parts, phones to get expensive

🕔14:21, 1.Feb 2021

New Delhi, Feb 1  In another bid to boost domestic manufacturing, the government on Monday announced a 2.5 per cent increase in customs duty on mobile chargers and some sub-parts of phones, a move that will make phones more expensive.

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Barring tourism, Goa business, industry stakeholders laud budget

Barring tourism, Goa business, industry stakeholders laud budget

🕔14:20, 1.Feb 2021

Panaji, Feb 1  Barring travel and tourism industry stakeholders, small, medium and big business and industry stakeholders in Goa welcomed the announcements made in the budget for 2021-22, underlining no major fresh tax levies and focus on infrastructure and health

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Sitharaman proposes 3 new dedicated freight corridors in Budget

Sitharaman proposes 3 new dedicated freight corridors in Budget

🕔14:19, 1.Feb 2021

New Delhi, Feb 1  With focus on the industry and better connectivity for freight transportation, Union Finance Minister Nirmala Sitharaman on Monday announced three new Dedicated Freight Corridors (DFCs) of approximately 4,000 km. While presenting the Union Budget for 2021-22,

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Union FM announces Rs 65,000 cr to develop 1,100 km of NH roads in Kerala

Union FM announces Rs 65,000 cr to develop 1,100 km of NH roads in Kerala

🕔14:18, 1.Feb 2021

Thiruvananthapuram, Feb 1  Union Finance minister Nirmala Sitharaman on Monday announced Rs 65,000 crore support for the development of 1,100 km of National Highway (NH) roads in Kerala. The Minister also announced Rs 1,957 crore for the development of the

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FM proposes Rs 1,500cr scheme to boost digital payments

FM proposes Rs 1,500cr scheme to boost digital payments

🕔14:16, 1.Feb 2021

New Delhi, Feb 1  To boost digital payments, Union Finance Minister Nirmala Sitharaman on Monday proposed a Rs 1,500 crore scheme during her budget presentation. “To give a further boost to digital transactions, I earmark Rs 1,500 crore for a

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Tax holiday for startups to be extended by one more year

Tax holiday for startups to be extended by one more year

🕔13:46, 1.Feb 2021

New Delhi, Feb 1 Union Finance Minister Nirmala Sitharaman on Monday proposed the extension of tax holiday for startups by one more year. The move announced during the Budget presentation comes as India focuses on Aatmanirbhar Bharat mission aimed at making

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FM proposes 34.5% increase in FY22 Capex

FM proposes 34.5% increase in FY22 Capex

🕔13:45, 1.Feb 2021

New Delhi, Feb 1  Finance Minister Nirmala Sitharaman on Monday proposed to increase the capital expenditure by 34 per cent in comparison to Budget Estimate (BE) of the previous fiscal. Accordingly, the FM proposed to increase the capital expenditure to

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Finance Minister Nirmala Sitharaman presents a post covid budget to protect individuals and industry

Finance Minister Nirmala Sitharaman presents a post covid budget to protect individuals and industry

🕔13:26, 1.Feb 2021

By TN Ashok New Delhi: Feb 01 : Presenting a budget in a post covid 19 situation is indeed a challenging task and the Union Finance Minister Ms Nirmala Sitharaman has done her best to spare the individual tax payer of

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Tax deduction on affordable housing loans extended by another 1 yr

Tax deduction on affordable housing loans extended by another 1 yr

🕔13:22, 1.Feb 2021

New Delhi, Feb 1 In a bid to increase demand in the realty market, Finance Minister Nirmala Sitharaman on Monday announced to extend the additional deduction of up to Rs 1.5 lakh for interest paid on loans of purchase of affordable

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FY22 disinvestment target at Rs 1.75L cr, 2 PSBs to be privatised

FY22 disinvestment target at Rs 1.75L cr, 2 PSBs to be privatised

🕔13:16, 1.Feb 2021

New Delhi, Feb 1  The government has pegged its target for disinvestment for FY 2021-22 at Rs 1.75 lakh crore. A major announcement made by Finance Minister Nirmala Sitharaman was that the government will privatise two public sector banks other

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Infra push: Development Financial Institution proposed to fund projects

Infra push: Development Financial Institution proposed to fund projects

🕔13:15, 1.Feb 2021

New Delhi, Feb 1  To give a push to infrastructure creation and reviving the economy, Finance Minister Nirmala Sitharaman on Monday proposed to set up a Development Financial Institution (DFI). The Finance Minister proposed to create the DFI — National

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Govt is procuring crops at 1.5 times MSP: Finance Minister

Govt is procuring crops at 1.5 times MSP: Finance Minister

🕔12:59, 1.Feb 2021

New Delhi, Feb 1  Finance Minister Nirmala Sitharaman on Monday said that farmers are getting 1.5 times of the minimum support price (MSP) on procurement of foodgrains. In her Budget speech, the Finance Minister said that the procurement of crops

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Rail infra push of Rs 1.1 lakh cr with Rs 1.07L cr for capex

Rail infra push of Rs 1.1 lakh cr with Rs 1.07L cr for capex

🕔12:58, 1.Feb 2021

New Delhi, Feb 1  Finance Minister Nirmala Sitharaman on Monday announced a record sum of Rs 1,10,055 crore for Indian Railways of which Rs 1,07,100 crore is for the capital expenditure. She said the national transporter will monetise the Dedicated

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Govt to launch Securities Market Code

Govt to launch Securities Market Code

🕔12:57, 1.Feb 2021

New Delhi, Feb 1  Finance Minister Nirmala Sitharaman on Monday announced that the government will launch a Securities Market Code in a bid to streamline the securities market. The Code will include SEBI Act, Govt Securities Act and Depositories Act.

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FDI hike in insurance to invite foreign majors

FDI hike in insurance to invite foreign majors

🕔12:56, 1.Feb 2021

New Delhi, Feb 1  In a big boost to FDI inflows and the insurance sector, Finance Minister Nirmala Sitharaman on Monday announced increase of FDI limits from 49 per cent to 74 per cent. Shares of insurance stocks surged after

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Govt to facilitate a ‘world-class’ fintech hub at Gift city: FM

Govt to facilitate a ‘world-class’ fintech hub at Gift city: FM

🕔12:28, 1.Feb 2021

New Delhi, Feb 1 Union Finance Minister Nirmala Sitharaman on Monday said that the government will facilitate setting up of a world class fintech hub in Gujarat International Finance Tec (GIFT) city. The Finance Minister said this while presenting the Budget

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Post Covid: FY22 Budget to give ample opportunity for economic reset, growth

Post Covid: FY22 Budget to give ample opportunity for economic reset, growth

🕔11:39, 1.Feb 2021

New Delhi, Feb 1 Indias first budget post the onset of Covid-19 pandemic has ample opportunities for growth and economic reset. The Union Budget 2021-22 was presented to the Parliament on Monday by Finance Minister Nirmala Seetharaman. She said that in

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