The decision to abruptly replace two quasi-judicial authorities (the Income-Tax Settlement Commission and the Authority for Advance Rulings) with administrative Boards negatively impacts the investment climate and dents the image of the country and does not help in the ease of doing business
Union Budget 2021 India: With Budget 2021-22 meeting most of the expectations on infrastructure financing, there is need to hammer out proper mechanisms to realise the ambitious agenda
Moody's said the government's fiscal deficit for 2020-21 and 2021-22 should be lower than projected, supported by stronger revenue generation in ongoing March quarter and higher nominal GDP growth in the next fiscal year.
The Budget has given a huge thrust on upgrading health infrastructure and making provisions for Covid vaccination, along with prioritising infrastructure.
Bihar Budget 2021: The Bihar government on Monday presented a Rs 2.18 lakh crore budget for 2021-22 fiscal in the Assembly, with no new tax and a thrust on infrastructure and social sectors
Sitharaman underlined that trhe nation's growing and aspiring needs and demands across the various sectors cannot be served just by the state government and central governments put together. According to the Finance Minister, the coronavirus vaccine was a big example of government-private partnership.
Union Budget 2021 India: The Union Budget for FY22 has been hailed as growth oriented and the path it has chosen to achieve this is through investment.
The difference between the total revenue receipts (both tax and non-tax revenue) and the interest payments gives a good indicator of how much of the revenue receipt is available to the government
Union Budget 2021 India: The Budget has laid emphasis on increasing capital expenditure, raising allocation for healthcare capacity building and development of agriculture infrastructure, among others, which are expected to have a multiplier effect on the economy.
Union Budget 2021 India: Similarly, loans of over Rs 27,000 crore have been extended under the Mudra scheme, meant essentially for small-time budding entrepreneurs.
He also said the country's economy is expected to grow at 15.5 per cent in nominal terms in 2021-22 and contract 1-2 per cent depending on what the inflation actually might be for the year ending March 2021.
Union Budget 2021 India: "We are also looking at medium to long-term sustainable growth which will keep India in that kind of growth trajectory which will maintain us as one of the fastest growing economies in the world," she said.
She said that despite government scheme and initiatives ranging from roads to agriculture, housing, scholarships to electricity benefiting lives of people, a false narrative was being created by the opposition that the government was working for cronies.
Union Budget 2021 India: The waves of changes brought to us by this pandemic and unequivocal, and it made countries, brands, and individuals think on their feet.
During the COVID-19 pandemic and the subsequent nationwide lockdown, the logistics sector played a frontline role in maintaining the intactness and continued functioning of domestic supply chains.
Union Budget 2021: An unprecedented level of political resolve has been brought behind these reforms. Now, all of these must be taken to their logical conclusion rather than letting them meander
Union Budget 2021: Direct Tax proposals have been unveiled by the government with an objective to move ahead with digitalisation, promote growth and simplify tax administration in a post Covid-19 pandemic era.
The government could have gone for a survival Budget or a recovery Budget, but it had the gumption to think long-term and went for a growth Budget, a resurgence Budget