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Budget 2021

Union minister for finance and corporate affairs Nirmala Sitharaman. (File photo) (HT_PRINT)
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Mint Budget 2021 LIVE: Large stimulus on the cards for infrastructure sector?

Even after decades of high growth, the country's spending on healthcare has been a meagre 1.3% of GDP
Not a single car was sold last year in April when the country was in lockdown
Finance minister Nirmala Sitharaman is set to present her third budget on 1 February under the shadow of the pandemic. (Photo: PTI)
Government spending on infrastructure not only provides contracts to private parties and generate jobs, but also has a lasting impact on the economy by raising productivity and efficiency (Pradeep Gaur/Mint)
Government spending on infrastructure not only provides contracts to private parties and generate jobs, but also has a lasting impact on the economy by raising productivity and efficiency (Pradeep Gaur/Mint)

Infra cos hope Budget can promise lower input costs, incentives to investors

  • Over the last few months, finance minister Nirmala Sitharaman has said that the government will continue to spend on building infrastructure to ensure a sustainable economic revival

A file photo of JNPT Port. Photo: Ashesh Shah/Mint
A file photo of JNPT Port. Photo: Ashesh Shah/Mint

Budget 2021: Govt may tweak customs duties on host of goods

The government may tweak customs duties in the Budget next week on several goods, including furniture raw materials, copper scrap, certain chemicals, telecom equipment and rubber products, to promote domestic manufacturing and exports

Photo: Ramesh Pathania/Mint
Photo: Ramesh Pathania/Mint

Separate deduction beyond 80C for principal repayment will boost housing

The real estate sector is among the large contributors to the country’s GDP and the second-largest employers in the country. The sector drives over 200 industries right from manufacturing to services. Any incentive extended to real estate can also stimulate all the ancillary industries

A slum dweller woman carries drinking water (REUTERS)
Any person would become an Indian resident for tax purposes, if he spends 182 days in India in year of making money. HT
Finance minister Nirmala Sitharaman has promised she won’t let fears of a widening fiscal deficit prevent her from spending her way out of the recession.
Finance minister Nirmala Sitharaman has promised she won’t let fears of a widening fiscal deficit prevent her from spending her way out of the recession.

Funding infra to stimulate revival

Critical infrastructure lays the tracks that allow the economy to chug along

The COVID-19 pandemic has severely disrupted the economies across the globe in unprecedented ways
From the lowest point in March, the Sensex has climbed 96%.bloomberg (MINT_PRINT)
(Photo: Mint)
(Photo: Mint)

Budget 2021: Realty sector seeks sops

The demands include personal tax relief, tax rebate on housing, extension of interest subvention, GST waiver, infrastructure status for the realty and easing liquidity for the sector, the official said

For FY 21, real GDP is expected to shrink by 7 to 8.5%, the lowest in India’s history. Given a favourable base effect and rebound in economic activity, real GDP is expected to grow by 8-9% and nominal by 12.5-13.5%. (PTI)
For FY 21, real GDP is expected to shrink by 7 to 8.5%, the lowest in India’s history. Given a favourable base effect and rebound in economic activity, real GDP is expected to grow by 8-9% and nominal by 12.5-13.5%. (PTI)

Construction, low cost housing, real estate, tourism, infra must get fiscal push

'Our primary expectation from the budget is that it is growth-oriented. The economy needs higher investment to create jobs and employment.'

Analysts at ICICI Securities believe, the Budget with focus on boosting spend towards development expenditure and health and an eye on fiscal consolidation.
The Union Budget Mobile App can also be downloaded from the Union Budget Web Portal (www.indiabudget.gov.in).
The Union Budget Mobile App can also be downloaded from the Union Budget Web Portal (www.indiabudget.gov.in).

FM launches mobile app for Union Budget during Halwa Ceremony

Previously, the Halwa ceremony marked the launch of printing exercise for the budget. This will be the first time since the presentation of independent India's first budget on November 26, 1947, that the budget documents will not be printed.

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