Nirmala Sitharaman

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

Budget turns paperless; FM reads out speech from tablet for first time

8:09 pm February 1, 2021

New Delhi: From Finance Minister Nirmala Sitharaman reading out her 110-minute speech from a tablet to seating arrangements in tune with pandemic times, there were quite a few firsts during the presentation of the 2021-22 Union Budget in the Lok Sabha on Monday. Also, for the first time, the Budget went paperless and members were provided soft copies of the speech and documents. Clad in […]

NHRC bats for 'right to water' for citizens

Rs 50K crore allocated for Jal Jeevan Mission, FM announces its urban segment

7:43 pm February 1, 2021

New Delhi : A whopping Rs 50,000 crore has been earmarked for the Jal Jeevan Mission in Budget 2021-22, even as Finance Minister Nirmala Sitharaman Monday announced the scheme’s urban segment that aims to provide tap water connections to 2.86 crore households. In the budget, the Drinking Water and Sanitation Department under the Jal Shakti Ministry has […]

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 […]