Photo: iStock
What would make this a budget like no other India has ever had
5 min read . 20 Jan 2021A wish list of proposals ranging from fiscal management to vaccination that would send out a strong growth-revival signal
Home >
Budget
Budget 2021
Road to Recovery
View All
Reliance Jio Infocomm Ltd, Bharti Airtel Ltd and Vodafone Idea Ltd are COAI members
Telcos seek levy cuts, exemption of import duty on gear in budget
1 min read . 20 Jan 2021The telcos have recommended that the import of certain telecom equipment crucial for building infrastructure for 4G and 5G wireless services should not attract any basic customs duty
Excess cash with banks averaged Rs39,700 crore ($6.2 billion) last week, compared to a peak of more than 5 trillion rupees in March, according to Bloomberg Intelligence India Banking Liquidity Index. Photo: Hemant Mishra/Mint
Budget 2021: NBFCs seek continued liquidity support
4 min read . 20 Jan 2021NBFCs expect the govt to provide continued liquidity support by encouraging banks to lend more to the sector, setting up a permanent refinance window and relaxing external commercial borrowing norms in the upcoming Budget
Photo: Mint
Budget 2021 must reinvigorate demand, boost infra spend, says India Inc
3 min read . 20 Jan 2021India Inc expects the government to continue with its policy focus on strengthening the manufacturing ecosystem, promoting research and development, and incentivising futuristic technologies in the upcoming Budget
Clockwise from top: Ashish Chauhan, CEO, BSE; Roopa Kudva, managing director, Omidyar Network India; Anant Narayan, associate professor, SP Jain Institute of Management and Research; and Aymar de Liedekerke Beaufort, CEO, BNP Paribas India. Bloomberg/Mint
‘Bad bank is a good idea’
3 min read . 20 Jan 2021India should set up a bad bank so that bankers can devote time to credit flow than just loan recovery, say experts
'Reforms and stimulus has largely been an off‐Budget item, so the government will likely deliver measures to prop the economy whenever needed.'
Budget 2021: Yes Securities expects income tax benefit u/s 80C at ₹2.5 lakh
2 min read . 20 Jan 2021'It is imperative to augment disposable incomes of households.'
'Introduce Debt Linked Savings Scheme (DLSS) to deepen the Indian bond market.'
Jimmy Patel of Quantum AMC shares budget expectations for mutual fund industry
9 min read . 20 Jan 2021There should be a uniform tax treatment for retirement / pension schemes of mutual funds and NPS.
There is no clear cut provision in the Income Tax Act about how withdrawals from Tier II account should be taxed. Since these are not the mutual fund products, for which there exist exact rules, there is confusion about taxation of Tier II withdrawals.
Budget 2021: 'Govt needs to make NPS fair for all subscriber categories'
3 min read . 20 Jan 2021Tax benefits for contribution towards tier I account, for employer’s contribution for central government employees, is available up to 14% but when it comes to other employees it is capped at 10% which is eligible for deduction under Section 80CCD(2).
Prime Minister Narendra Modi (AFP)
Budget session: Narendra Modi to chair all-party meet on Jan 30
1 min read . 20 Jan 2021The meeting will be held virtually and an invitation has been extended to floor leaders of all parties
Union Finance Minister Nirmala Sitharaman.
Budget 2021 must fix a broken labor market to boost demand
2 min read . 20 Jan 2021India’s Finance Minister Nirmala Sitharaman has described her upcoming budget as unlike anything seen in the last 100 years.
RoDTEP scheme is based on the principle that taxes and levies borne on exported products must either be exempted or remitted to exporters (Bloomberg)
Centre may allocate ₹10,000 cr for new duty drawback scheme
2 min read . 19 Jan 2021Govt may not be able to provide the entire ₹70,000 cr needed for RoDTEP scheme amid fund crunch
The Economic Survey cites high-frequency data such as exports, factory output and non-food credit growth to up the growth estimate for 2017-18 to 6.75% from 6.5% projected by the Central Statistics Office. Photo: Priyanka Parashar/Mint
Enable private participation in broader efforts to revive growth
3 min read . 19 Jan 2021Easing business conditions would let the private sector expand its role in aiding inclusive growth
Photo: Mint
The FM should offer a bold vision for an economic transformation
4 min read . 19 Jan 2021The budget should outline a far-sighted plan to set our economy up for a rapid reorientation towards a new industrial age
Lok Sabha Speaker Om Birla
All MPs requested to undergo RT-PCR test: Om Birla ahead of Budget Session
2 min read . 19 Jan 2021- Om Birla said all Members of Parliament will be requested to undergo the COVID-19 test before the start of the Budget session
Budget 2021: Odisha seeks ₹7.2K cr for railway infra, ₹5.6K cr for telecom (PTI)
Union Budget: Odisha seeks ₹7.2K cr for railway infra, ₹5.6K cr for telecom
1 min read . 19 Jan 2021The Odisha government on Monday sought ₹7,200 crore for railway infrastructure and ₹5,650 crore for development of telecom sector in the state, in the forthcoming 2021-22 Union Budget
The budget, to be presented by Sitharaman on 1 February, is expected to focus on reviving the economy following the massive slowdown due to the covid-19 outbreak and the 68-day stringent nationwide lockdown from 25 March.
Govt likely to set up DFIs to meet infra funding needs
1 min read . 19 Jan 2021Merging existing entities is likely to be announced in the Union budget 2021-22 to meet long-term funding needs of new, stalled and under-construction infrastructure projects worth over ₹100 trillion
Each successive budget has added a new layer of complexity rather than reducing it
Past budgets have tossed around tax rules for MF investors
2 min read . 19 Jan 2021- Equity funds are taxed at 15% short-term capital gains tax (STCG) if sold within a year of purchase
- Experts advise investors to weigh multiple factors such as risk, return and liquidity, apart from tax
BSE chief executive officer Ashishkumar Chauhan. (Hemant Mishra/Mint)
Experts bat for better governance, compliance simplification in budget 2021
3 min read . 18 Jan 2021- Ashish Chauhan, MD and chief executive officer, BSE Ltd who thinks that the budget should not lean much on the banking system for economic ramifications
Finance Minister Nirmala Sitharaman will unveil the budget on Feb. 1 amid the shadow of a projected economic contraction of 7.7% for the current fiscal year (Photo: PTI)
Budget 2021 seen raising import duties by 5%-10% on dozens of items: Report
1 min read . 18 Jan 2021- The govt is considering hiking import duties by 5%-10% on over 50 items including smartphones, electronic components and appliances in the upcoming budget, the report said
- The move to increase import duties is part of PM Modi's self-reliant India campaign that aims to promote and support domestic manufacturing
