Topic: Union Budget 2021
Cabinet clears DFI with capital infusion of Rs 20000 crore
The Finance Minister, Nirmala Sitharaman, announced on March 16, 2021 that the Union Cabinet chaired by Prime Minister, Narendra Modi, has cleared the proposal of setting up of...
Moody’s GDP Forecast- Key Highlights
The Rating agency Moody’s have recently forecasted that the nominal Gross Domestic Product (GDP) of India will rise closer to 17% in the Financial Year 2021. Key Highlights...
Power ministry to Launch Manufacturing Programme for Critical Equipment
A domestic manufacturing programme for critical power and renewable energy equipment will be launched by the ministry of Power in the Financial Year 2021. The programme has at...
Social Security for India’s Gig Economy Workers
The Finance Minister, Nirmala Sitharaman, while presenting the Union Budget 2021 has announced that the government has put forward the proposed to launch a portal to formulate social...
Fiscal Deficit Estimated to be 9.5% of GDP for FY 2020-21
Finance Minister Nirmala Sitharaman highlighted, while presenting the union budget for 2021-2022, that the fiscal deficit in the next financial year is estimated as 6.8 percent of the...
Agricultural Infrastructure and Development Cess
The Finance Minister of India, Nirmala Sitharaman, announced an agricultural infrastructure and development cess (AIDC) on some goods while presenting Union Budget 2021. AIDC was announced to provide...
Union Budget 2021-2022- Summary
The 2021-22 Union Budget was presented amid the COVID-19 pandemic on February 1, 2021. Since the 2020 budget, the Indian economy have reduced from 2.24 lakh crore nominal...
Budget 2021: PM Aatma Nirbhar Swasth Bharat Yojana and Mission Poshan 2.0 announced
The Finance Minister of India, Nirmala Sitharaman, has announced two new centrally sponsored scheme namely, the PM AatmaNirbhar Swasth Bharat Yojana and the Mission Poshan 2.0 while presenting...
Budget 2021: No change in Income Tax Slabs
The Union Finance Minister, Nirmala Sitharaman, have proposed no change in the Income Tax Slabs in the Union Budget 2021. The income tax structure has been kept as...
Budget 2021: New Asset Reconstruction and Asset Management Company to be set up
The finance Minister of India, Nirmala Sitharaman, has announced during the presentation of the Union Budget 2021 that a new asset reconstruction and asset management company will be...
Budget 2021: Compliance for one-person companies reduced
The Finance Minister of India, Nirmala Sitharaman, has announced in the Budget 2021 that the government have planned to reduce the compliances for one person companies (OPC). This...
