Tag: Budget 2021

Big update on Provident Fund! Govt hikes PF threshold limit to Rs 5 lakh for earning tax-free interest

New Delhi: Finance Minister Nirmala Sitharaman has announced to raise the limit for tax exemption on interest earned on provident fund contribution by employees to Rs 5 lakh per annum in specified cases as against Rs 2.5 lakh that she had proposed in the Union Budget 2021. The new provision would come into effect from […]

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Karnataka: BSY presents muted budget citing virus-linked revenue crunch

Karnataka Chief Minister B S Yediyurappa on Monday announced no new tax or major programme or any increase in the outlay of previous schemes while presenting a no-frills Budget for the year 2021-22 amid a resource crunch caused by the Covid crisis and ballooning debt. The revenue deficit Budget, with an estimated expenditure of Rs […]

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GST Council Should Consider Rationalisation, Bring Petrol Under GST: Finance Minister

Centre and states should talk to lower fuel prices, said the Finance Minister The Union Budget sets India in right direction where the government only facilitates businesses with minimum regulation, Union Finance Minister Nirmala Sitharaman said on Saturday. “If we need a welfare state where the poor are attended, where the government intervenes in health […]

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Gig Workers के लिए अच्छी खबर, अब स्थायी कर्मचारियों जैसी मिलेंगी सुविधाएं | Special Report

सरकार ने गिग वर्कर्स को भी सामाजिक सुरक्षा के दायरे में लाने ऐलान किया है. अगर आप ओला, ऊबर, जोमैटो, स्विग्गी जैसी कंपनियों के लिए काम करते हैं तो अब आपकी जिंदगी बदलनेवाली है. यानी वो लोग जो ठेके पर काम करते हैं उन्हें भी अब पर्मानेंट कर्मचारी जैसी सुविधाएं Source link

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Parliament LIVE Updates: Oppn Opposes Schemes Without Thinking, This Budget Reflects an ‘Atmanirbhar Bharat’, Says Nirmala Sitharaman

Congress leader Shaktisinh Gohil alleged that the budget helped the rich capitalists and was asking the poor, the oppressed and the downtrodden to become ‘atmanirbhar’ (self sufficient). He alleged that the cess imposed by the government was an attempt by it to deprive the states of their share in taxes. He alleged that PM Narendra […]

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India’s spending on growth to bring the economy on track leaves little for its vulnerable

India has vowed to spend almost half-a-trillion dollars to bring the pandemic-ravaged economy back onto a growth path, but that risks leaving vulnerable sections that still need support without immediate help. While Prime Minister Narendra Modi’s administration sees a 26% jump in capital expenditure — money for creating or maintaining assets, including infrastructure — for […]

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View: Don’t shy away from running a larger fiscal deficit

Last week’s Union budget for 2021-22 targets a fiscal deficit of 6.8%. It might sound counterintuitive, but this target is too conservative. With GDP growth projected to be 14.4% as the economy rebounds from the Covid-19 economic shock, India has a rare opportunity to run a larger fiscal deficit without pushing the debt-to-GDP ratio higher. […]

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