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budget 2021

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BJP Parliamentary party office secretary Balasubrahmanyam Kamarsu has written a letter to members saying that apart from legislative work, important topics are likely to be discussed during the session.(Burhaan Kinu/ Hindustan Times)

BJP tells MPs to ensure their presence in Parliament during budget session

ANI, New Delhi
PUBLISHED ON JAN 15, 2021 08:56 PM IST
It called upon members not to make programmes outside Delhi during the Parliament session and ensure their presence in the House.
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The Primary Agriculture Cooperative Society (Pacs) — the official agency to procure paddy on behalf of the state government— has not bought harvested crop yet because the pandemic delayed the process. And local merchants are offering him <span class='webrupee'>₹</span>1,000-1,200 for a quintal of paddy against the minimum support price (MSP) of <span class='webrupee'>₹</span>1,868. (Representative Image)(HT_PRINT)
The Primary Agriculture Cooperative Society (Pacs) — the official agency to procure paddy on behalf of the state government— has not bought harvested crop yet because the pandemic delayed the process. And local merchants are offering him 1,000-1,200 for a quintal of paddy against the minimum support price (MSP) of 1,868. (Representative Image)(HT_PRINT)

‘Want assured income, better deal for farmers’

PUBLISHED ON JAN 15, 2021 12:40 AM IST
A 49-year-old Dalit landless labourer, Paswan sows paddy on small patches of land adding up to roughly 1.15 acres, belonging to a local landlord, Ras Bihari Singh.
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Villagers spray pesticides in a field on the outskirts of Sanand, around 30 km from Ahmedabad on September 1. The five states cited previously have also reported the maximum number of patients that have been cured and discharged, cumulatively accounting for 58.04% of the total 65,081 people who have recovered till September 1. (Sam Panthaky / AFP)
Villagers spray pesticides in a field on the outskirts of Sanand, around 30 km from Ahmedabad on September 1. The five states cited previously have also reported the maximum number of patients that have been cured and discharged, cumulatively accounting for 58.04% of the total 65,081 people who have recovered till September 1. (Sam Panthaky / AFP)

Budget 2021: PMFAI demands GST reduction on pesticides to 5% from 18%

PTI
UPDATED ON JAN 14, 2021 11:22 AM IST
The Union Budget will be presented by Finance Minister Nirmala Sitharaman on February 1.
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Overall spending levels need to increase significantly and there is also a need to correct the growing sectoral imbalance with a bias in favour of tertiary facilities together with increasing neglect of primary health-care facilities.(PTI File Photo)
Overall spending levels need to increase significantly and there is also a need to correct the growing sectoral imbalance with a bias in favour of tertiary facilities together with increasing neglect of primary health-care facilities.(PTI File Photo)

Health Budget must look beyond Covid mitigation

By Sourindra Mohan Ghosh
PUBLISHED ON JAN 14, 2021 01:54 AM IST
This entails addressing prevailing systemic deficiencies along with managing the added burden of Covid-19. India’s health sector requires a two-fold intervention by the government.
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Nirmala Sitharaman said her budget wanted to touch the lives of every section of the society.(HT Photo)
Nirmala Sitharaman said her budget wanted to touch the lives of every section of the society.(HT Photo)

‘Buck stops at govt’s doors’: FM takes responsibility for infrastructure push

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON FEB 01, 2020 07:33 PM IST
Budget 2020:She said the charter was a demonstration that the government’s principle was not limited to merely ending the harassment of the taxpayers but was rooted in respect and trust.
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The budget is expected to announce several direct and indirect tax reforms including further simplification of income-tax laws(AFP)
The budget is expected to announce several direct and indirect tax reforms including further simplification of income-tax laws(AFP)

Budget may reform GST filing process

By Rajeev Jayaswal | Hindustan Times, New Delhi
UPDATED ON JAN 25, 2020 05:19 AM IST
The finance ministry has been working on simplifying archaic income-tax laws and rationalising tax rates in line with recommendations of the task force on the Direct Tax Code (DTC), which submitted its report on August 19, 2019, they added.
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Reserve Bank Governor Shaktikanta Das on Friday called for structural reforms and more fiscal measures to revive consumption demand and the overall growth(Bloomberg)
Reserve Bank Governor Shaktikanta Das on Friday called for structural reforms and more fiscal measures to revive consumption demand and the overall growth(Bloomberg)

Budget 2020: Shaktikanta Das bats for more structural reforms to revive growth ahead of budget

By Press Trust of India | Mumbai
UPDATED ON JAN 24, 2020 08:31 PM IST
Budget 2020: The Narendra Modi government in its second term will present the first full budget next Saturday, at a time when the advance estimate of GDP has projected nominal growth plunging to a 48-year-low of 7.5 per cent and real growth hitting an 11-year low of 5 per cent or thereabout.
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Union finance minister Nirmala Sitharaman speaks to the media.(MINT FILE)
Union finance minister Nirmala Sitharaman speaks to the media.(MINT FILE)

Finance Ministry may raise divestment goal to Rs 1.5 lakh cr for FY21

By Asit Ranjan Mishra | Livemint, New Delhi
UPDATED ON JAN 22, 2020 06:42 AM IST
The strategic disinvestments that are now expected to be completed in the next fiscal include Air India, Bharat Petroleum Corp. Ltd (BPCL), Container Corporation of India Ltd (Concor) and Shipping Corporation of India Ltd (SCI).
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Farmers on way back to home after harvesting in field, in Greater Noida, India.(Sunil Ghosh / Hindustan Times)
Farmers on way back to home after harvesting in field, in Greater Noida, India.(Sunil Ghosh / Hindustan Times)

Budget 2020: Boost for rural economy, connecting villages to digital India expected

By Zia Haq and Rajeev Jayaswal | Hindustan Times, New Delhi
UPDATED ON JAN 22, 2020 05:42 AM IST
India’s gross domestic product (GDP) grew 4.5% in the second quarter of the current financial year, the lowest since March 2013.
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Finance Minister Nirmala Sitharaman after attending Parliament session in New Delhi on Thursday.(ANI PHOTO)
Finance Minister Nirmala Sitharaman after attending Parliament session in New Delhi on Thursday.(ANI PHOTO)

When Nirmala Sitharaman took down MPs on super rich tax hike

By Sunetra Choudhury | Hindustan Times, New Delhi
UPDATED ON JUN 02, 2020 08:55 PM IST
The Finance Minister said that the Prime Minister has to bother about the well being of 130 crore people and the rise in tax will help increase government expenditure.
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Nirmala Sitharaman listed out various measures to spur investment, raise household savings and achieve the mid-term goal of India becoming a $5 trillion economy.(Arvind Yadav/HT PHOTO)
Nirmala Sitharaman listed out various measures to spur investment, raise household savings and achieve the mid-term goal of India becoming a $5 trillion economy.(Arvind Yadav/HT PHOTO)

Nirmala Sitharaman counters Chidambaram

By HT Correspondent | New Delhi
UPDATED ON JUL 12, 2019 11:51 PM IST
Nirmala Sitharaman, in her reply on Budget in the Upper House, hit out at P. Chidamabaram by saying that he had not made like-to-like comparison over income tax and custom duty collections, which perhaps led him to wrong conclusions.
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Finance Minister Nirmala Sitharaman.(PTI file photo)
Finance Minister Nirmala Sitharaman.(PTI file photo)

Peak taxation rate of 42.7% not ideal: FM Nirmala Sitharaman

By R Sukumar and Shishir Gupta | Hindustan Times, New Delhi
UPDATED ON JUL 12, 2019 08:50 AM IST
Ideally, the peak income-tax rate of 42.7% should come down over time, finance minister Nirmala Sitharaman said on Thursday in an interview, repeating and stressing the word “ideally”.
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Finance minister Nirmala Sitharaman sat down with Hindustan Times to discuss the budget’s vision for growth , photo:pradeep gaur/mint
Finance minister Nirmala Sitharaman sat down with Hindustan Times to discuss the budget’s vision for growth , photo:pradeep gaur/mint

‘We’ve given ourselves achievable targets,’ says Nirmala Sitharaman

By R Sukumar and Shishir Gupta | Hindustan Times, New Delhi
UPDATED ON JUL 12, 2019 10:41 AM IST
A week after her and the second Narendra Modi-led government’s first budget, finance minister Nirmala Sitharaman sat down with Hindustan Times to discuss the budget’s vision for growth.
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The Jal Shakti ministry aims to provide piped drinking water to 19.5% of rural households during 2019-20 under the Jal Jeevan mission, but the scheme will need a steep improvement in its performance to achieve the government’s goal of providing water to all rural households by 2024.(Biplov Bhuyan/HT PHOTO)
The Jal Shakti ministry aims to provide piped drinking water to 19.5% of rural households during 2019-20 under the Jal Jeevan mission, but the scheme will need a steep improvement in its performance to achieve the government’s goal of providing water to all rural households by 2024.(Biplov Bhuyan/HT PHOTO)

Government ramps up targets for piped water scheme

By Zia Haq | New Delhi
UPDATED ON JUL 11, 2019 01:27 PM IST
The Union budget unveiled last week has given the piped water mission an 82% boost in allocations at Rs10,000.66 crore, signalling the government’s intention to ramp up coverage.
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“GST (Goods and Services Tax) has just completed two years. An area that concerns me is that we have huge pending litigations from the pre-GST regime,” FM Nirmala Sitharaman had said last Friday.(HT File (Representative Image))
“GST (Goods and Services Tax) has just completed two years. An area that concerns me is that we have huge pending litigations from the pre-GST regime,” FM Nirmala Sitharaman had said last Friday.(HT File (Representative Image))

Government to offer amnesty for commercial tax disputes

By Rajeev Jayaswal | Hindustan Times, New Delhi
UPDATED ON JUL 11, 2019 07:28 AM IST
The new one-time scheme will open a three-month window for taxpayers to resolve existing excise and service tax disputes on a “no penalty, no interest, no prosecution” principle”.
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The National Democratic Alliance (NDA) government will seek fiscal consolidation without compromising on public spending, finance minister Nirmala Sitharaman said on Wednesday.(PTI)
The National Democratic Alliance (NDA) government will seek fiscal consolidation without compromising on public spending, finance minister Nirmala Sitharaman said on Wednesday.(PTI)

Economic growth, national security are priorities: FM

By HT Correspondent | New Delhi
PUBLISHED ON JUL 10, 2019 11:49 PM IST
Replying to a debate on the budget in the Lok Sabha, Sitharaman said there had been an increase in the allocation for almost every welfare programme targeted at sections ranging from women to scheduled castes and tribes.
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Finance Minister Nirmala Sitharaman(ANI photo)
Finance Minister Nirmala Sitharaman(ANI photo)

Nirmala Sitharaman offers to play ‘class teacher’ to clarify Budget concerns

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON JUL 10, 2019 09:12 PM IST
The finance minister’s comments riling the opposition came right after she had explained the alleged anomalies raised by the opposition.
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The third phase of PMGSY will focus on improving connectivity between the farmer’s home and the market.(HT File Photo / ARVIND YADAV)
The third phase of PMGSY will focus on improving connectivity between the farmer’s home and the market.(HT File Photo / ARVIND YADAV)

Cabinet all set to clear 3rd phase of rural road scheme

By Saubhadra Chatterji | Hindustan Times, New Delhi
PUBLISHED ON JUL 09, 2019 11:23 PM IST
In the first full budget of the new government, finance minister Nirmala Sitharaman underlined how the government has given a massive push to all forms of physical connectivity including PMGSY.
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The key metric to judge whether a policy is revenue enhancing (or not) is tax buoyancy. (Getty Images/iStockphoto)
The key metric to judge whether a policy is revenue enhancing (or not) is tax buoyancy. (Getty Images/iStockphoto)

Has India’s growth become less revenue generating in nature? We decode

By Roshan Kishore | Hindustan Times, New Delhi
UPDATED ON JUL 09, 2019 08:35 AM IST
A higher tax buoyancy number indicates that either the nature of growth is more revenue generating or the tax-net is more effective at dealing with tax evasion. The reverse can be inferred if the tax-buoyancy number goes down.
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The Union Budget announced by finance minister Nirmala Sitharaman on Friday said a 10% custom duty will be levied on imported newsprint and uncoated paper used for printing of newspapers.(AP)
The Union Budget announced by finance minister Nirmala Sitharaman on Friday said a 10% custom duty will be levied on imported newsprint and uncoated paper used for printing of newspapers.(AP)

Indian Newspaper Society asks govt to roll back customs duty on newsprint

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON JUL 09, 2019 10:57 AM IST
It also highlighted the issue of inadequate availability of some kinds of newsprint, and total unavailability of some others in the country, creating the need for imports.
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Shashi Tharoor(PTI file photo)
Shashi Tharoor(PTI file photo)

Cong slams ‘neither here, nor there’ budget; BJP calls it historic

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON JUL 08, 2019 09:30 PM IST
There was hardly any mention of country’s GDP growth rate in the budget speech, he claimed, adding that the word “GDP” featured only once in it.
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A 17% increase in sectoral allocation to the Union women and child development ministry has been offset by a 0.2 percentage point decrease in the share of the Gender Budget Statement in the total budget expenditure.(Hindustan Times file photo for representation)
A 17% increase in sectoral allocation to the Union women and child development ministry has been offset by a 0.2 percentage point decrease in the share of the Gender Budget Statement in the total budget expenditure.(Hindustan Times file photo for representation)

Allocation for women and child development up by 17%

By Amrita Madhukalya | Hindustan Times, New Delhi
UPDATED ON JUL 08, 2019 09:10 PM IST
Quoting Swami Vivekananda to stress on the importance of an increased participation of women, Union finance minister Nirmala Sitharaman in her maiden Budget speech said, “It is not possible for a bird to fly on one wing.”
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While the finance minister focussed on rural India, the budget for fiscal 2019-2020 reduced the outlays for the flagship rural jobs guarantee programme and the rural housing scheme(Reuters file photo)
While the finance minister focussed on rural India, the budget for fiscal 2019-2020 reduced the outlays for the flagship rural jobs guarantee programme and the rural housing scheme(Reuters file photo)

Credit, more roads and houses for rural India

By Saubhadra Chatterj | Hindustan Times, New Delhi
UPDATED ON JUL 08, 2019 08:45 PM IST
At the same time, the budget for fiscal 2019-2020 reduced the outlays for the flagship rural jobs guarantee programme and the rural housing scheme.
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The Congress leader said that instead of unleashing the animal spirit of the economy to show it as an agile tiger, the budget makes the government “a slow-moving elephant again”.(Vivek R Nair / Hindustan Times)
The Congress leader said that instead of unleashing the animal spirit of the economy to show it as an agile tiger, the budget makes the government “a slow-moving elephant again”.(Vivek R Nair / Hindustan Times)

Tharoor uses cricketing analogy, says budget had no-balls instead of boundaries

By Asian News International | New Delhi
PUBLISHED ON JUL 08, 2019 05:36 PM IST
Congress leader Shashi Tharoor on Monday stated that the financial statement had unnecessary defensive strokes, dropped catches and was marred with no-balls.
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Elaborating on “virtuous cycle”, she said the government’s policy measures would also increase wages, and money will reach the rural poor through direct benefit transfer.(HT Photo)
Elaborating on “virtuous cycle”, she said the government’s policy measures would also increase wages, and money will reach the rural poor through direct benefit transfer.(HT Photo)

Labour reforms, public expenditure on infra to boost economy, says Sitharaman

By Rajeev Jayaswal | New Delhi
UPDATED ON JUL 07, 2019 10:43 PM IST
Sitharaman said other measures, including policy push to micro, small and medium sector, focus on rural economy, affordable housing and labour reforms would kick in a process of virtuous cycle and pep up consumption.
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The stock market index on a display screen at the Bombay Stock Exchange (BSE) building in Mumbai.(PTI)
The stock market index on a display screen at the Bombay Stock Exchange (BSE) building in Mumbai.(PTI)

Need to optimise use of budget allocation

UPDATED ON JUL 07, 2019 10:13 PM IST
The budget, in many ways, is the meat of policy.
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(HT Archives)
(HT Archives)

A tale of two budgets by women, 50 years apart

By Anisha Dutta | Hindustan Times, New Delhi
UPDATED ON JUL 07, 2019 09:49 AM IST
The two budgets also illustrate how far the economy has come from the 1970s, when India was in a semi-socialist cocoon, insulated from the rest of the world by self-imposed, Communist-style economic controls.
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The funds set aside for Part A of the GBS, which lists schemes that are completely women-specific, accounts for 1.2% of the total expenditure this year.(HT Photo)
The funds set aside for Part A of the GBS, which lists schemes that are completely women-specific, accounts for 1.2% of the total expenditure this year.(HT Photo)

Gender schemes allocation sees decline this fiscal

By Amrita Madhukalya | Hindustan Times, New Delhi
UPDATED ON JUL 07, 2019 02:42 PM IST
Sakshi Rai of the Centre for Budget and Governance Accountability (CBGA) says that the silver lining is that the number of Demands for Grants included in the GBS has increased from 33 last year to 39 this fiscal.
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In her maiden budget speech on Friday, finance minister Nirmala Sitharaman had extended entrepreneurial support programmes for SC-ST under the Stand Up India scheme, and flagged that providing dignity to manual scavengers was an aim of the government.(HT Photo)
In her maiden budget speech on Friday, finance minister Nirmala Sitharaman had extended entrepreneurial support programmes for SC-ST under the Stand Up India scheme, and flagged that providing dignity to manual scavengers was an aim of the government.(HT Photo)

SC/ST welcome budget, skeptical if allocations will be directly beneficial

By Dhrubo Jyoti | New Delhi
PUBLISHED ON JUL 07, 2019 07:08 AM IST
The absence of any provision to speed up processing of claims under the 2006 Forest Rights Act was also a point of concern, the activists noted.
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This budget detail did not hog the headlines, but the move will weld India much more firmly into the globalised financial markets, of which New York, London, Singapore and Tokyo are the capitals, bringing with it both risks and benefits.(HT Photo)
This budget detail did not hog the headlines, but the move will weld India much more firmly into the globalised financial markets, of which New York, London, Singapore and Tokyo are the capitals, bringing with it both risks and benefits.(HT Photo)

External borrowing move marks a structural shift

By Zia Haq | Hindustan Times, New Delhi
UPDATED ON JUL 07, 2019 02:42 PM IST
Although the finance minister did not specify how much will be borrowed in foreign currencies, economists caution the move would increase India’s exposure to the volatile world of global financial markets.
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