BUSINESS

Union Budget: Rs 4.78 lakh crore allocated for defence

3:48 pm February 1, 2021

New Delhi: The defence budget, including outlay for payment of pensions, was increased to Rs 4.78 lakh crore for 2021-22 as against last year’s Rs 4.71 lakh crore. Excluding the pension outgo, the allocation in the Union Budget for the armed forces stands at Rs 3.62 lakh crore. Out of total allocation, Rs 1.35 lakh […]

Delhi-based Kashmiri scribes, over 25 people from Valley were potential spying targets: Report

Lokpal gets nearly Rs 40 crore in Budget

3:41 pm February 1, 2021

New Delhi: Anti-corruption ombudsman Lokpal has got an allocation of nearly Rs 40 crore for 2021-22 to meet its establishment and construction related expenditures, according to the Union Budget presented on Monday. The Lokpal was given Rs 74.7 crore for the ongoing fiscal, which ends in March. This has now been revised to Rs 29.67 […]

Budget's transparency on numbers will enthuse rating agencies: SBI economists

Highlights of Budget 2021-22

3:37 pm February 1, 2021

New Delhi: Following are the highlights of the 2021-22 Budget presented by Finance Minister Nirmala Sitharaman in Parliament on Monday: Fiscal position and health outlay: * Spending on healthcare hiked by 137 pc to over Rs 2.23 lakh crore * Rs 35,000 cr outlay for COVID vaccine in fiscal beginning April 1 * Today India […]

Govt rationalising customs duties on gold, silver: FM

2:33 pm February 1, 2021

New Delhi: Finance Minister Nirmala Sitharaman on Monday said the government is rationalising customs duties on gold and silver. Presenting the Union Budget for 2021-22, she also said customs duties on certain auto parts, solar equipment, cotton and raw silk have been raised. On the other hand, the finance minister said customs duty on naphtha has been cut […]

FM proposes tax exemption for aircraft leasing cos

2:28 pm February 1, 2021

New Delhi: The government on Monday proposed tax exemption for aircraft leasing companies. Finance Minister Nirmala Sitharaman while presenting the Union Budget for 2021-22 proposed tax exemption for aircraft leasing companies and also announced tax exemption for notified affordable housing for migrant workers. Sitharaman also said the Rs 1.5 lakh deduction on payment of interest for affordable housing has […]