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Budget 2021

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The central government has pinned its hopes from public and private capital spending, and further enhancing ease of doing business.(HT Photo)
The central government has pinned its hopes from public and private capital spending, and further enhancing ease of doing business.(HT Photo)

Will budget 2021-22 spur growth?

By Roshan Kishore, New Delhi
UPDATED ON FEB 02, 2021 11:33 AM IST
Fiscal deficit as a share of Gross Domestic Product (GDP) has gone up from the 2020-21 Budget Estimate (BE) of 3.5% to a massive 9.5% according to the Revised Estimate (RE) numbers.
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Finance Minister Nirmala Sitharaman, center, with junior Finance Minister Anurag Thakur, left, leave finance ministry for the parliament house to present annual federal budget, in New Delhi, India, Monday, Feb. 1, 2021.(AP)
Finance Minister Nirmala Sitharaman, center, with junior Finance Minister Anurag Thakur, left, leave finance ministry for the parliament house to present annual federal budget, in New Delhi, India, Monday, Feb. 1, 2021.(AP)

Nirmala Sitharaman interview: ‘Important to back asset creation’

By R Sukumar, New Delhi
UPDATED ON FEB 02, 2021 09:30 AM IST
  • In conversation with HT's R Sukumar, finance minister Nirmala Sitharaman explained how —via Union Budget for 2021-2022 — the government wanted to give a boost to public expenditure through good quality expenditure for asset creation such as roads, ports, and other infrastructure.
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Experts noted that the 137% increase includes many one-time allocations.(PTI | Representational image)
Experts noted that the 137% increase includes many one-time allocations.(PTI | Representational image)

In pandemic age, 137% increase in budget on health, well-being

UPDATED ON FEB 02, 2021 07:16 AM IST
India’s overall allocation for health and well being has soared by 137% in the financial year 2021-22 to Rs
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To give a further boost to digital transactions, I earmark <span class='webrupee'>₹</span>1,500 crore for a proposed scheme that will provide financial incentive to promote digital modes of payment,” finance minister Nirmala Sitharaman said in her budget speech.(Mint)
To give a further boost to digital transactions, I earmark 1,500 crore for a proposed scheme that will provide financial incentive to promote digital modes of payment,” finance minister Nirmala Sitharaman said in her budget speech.(Mint)

Union budget 2021: 1,500 crore scheme to boost digital payments

Livemint, Bengaluru
UPDATED ON FEB 02, 2021 09:44 AM IST
UPI transactions have increased continuously, clocking 2.3 bn transactions in January, up from 2.23 bn in December 2020.
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“To tackle the burgeoning problem of air pollution, I propose to provide an amount of <span class='webrupee'>₹</span>2,217 crores for 42 urban centres with a million-plus population in this budget,” Sitharaman said.(PTI)
“To tackle the burgeoning problem of air pollution, I propose to provide an amount of 2,217 crores for 42 urban centres with a million-plus population in this budget,” Sitharaman said.(PTI)

2,217-cr fund to aid pollution fight in cities

By HT Correspondent, New Delhi
UPDATED ON FEB 02, 2021 09:45 AM IST
The clean air programme is planned for 42 cities with each having a population of more than a million people. This fund is not part of the allocation to the environment ministry.
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Congress' Mallikarjun Kharge speaking in the Rajya Sabha on Monday. (Screengrab)

RS adjourned twice amid uproar over fuel prices, Naidu against 'drastic action'

By hindustantimes.com | Written by Kanishka Sarkar, Hindustan Times, New Delhi
UPDATED ON MAR 08, 2021 12:27 PM IST
Following Mallikarjun Kharge's remarks, there was uproar over the issues as Congress MPs began raising slogans and demanded a discussion over fuel prices hike.
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New Delhi, India - April 20, 2020: A view of the Parliament House seen as Lok Sabha and Rajya Sabha secretariats resumed work from today after they were shut in the last week of March due to the COVID-19 outbreak, in New Delhi, India, on Monday, April 20, 2020. (Photo by Mohd Zakir/HT Archive) (Mohd Zakir/HT Archive)
New Delhi, India - April 20, 2020: A view of the Parliament House seen as Lok Sabha and Rajya Sabha secretariats resumed work from today after they were shut in the last week of March due to the COVID-19 outbreak, in New Delhi, India, on Monday, April 20, 2020. (Photo by Mohd Zakir/HT Archive) (Mohd Zakir/HT Archive)

Second part of Parliament's Budget session begins today

PTI, New Delhi
PUBLISHED ON MAR 08, 2021 06:56 AM IST
The part two of the session is taking place at a time when political parties have their focus on elections in West Bengal, Tamil Nadu, Assam, Kerala and Puducherry.
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Union Finance Minister Nirmala Sitharaman at Parliament, during the ongoing Budget Session, in New Delhi. (PTI)
Union Finance Minister Nirmala Sitharaman at Parliament, during the ongoing Budget Session, in New Delhi. (PTI)

Finance minister Sitharaman to address post-Budget RBI board meeting

By hindustantimes.com | Edited by Shankhyaneel Sarkar, Hindustan Times, New Delhi
PUBLISHED ON FEB 16, 2021 07:10 AM IST
  • The meeting will be held virtually this year due to the ongoing Covid-19 pandemic.
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Union minister for finance Nirmala Sitharaman is seen in this file photo.
Union minister for finance Nirmala Sitharaman is seen in this file photo.

Budget aims to uplift poor, Oppn is spreading false narrative: FM Sitharaman

By Rajeev Jayaswal, New Delhi
PUBLISHED ON FEB 13, 2021 02:19 AM IST
Speaking on the budget in the Rajya Sabha, Sitharaman said the budget was drawn from the experience of Prime Minister Narendra Modi, known for his commitment to development, growth and reform, and it was through these three things that Aatmanirbhar Bharat would be attained.
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Union minister Anurag Thakur speaking in the Rajya Sabha on Friday.(ANI Photo/RSTV Screengrab)
Union minister Anurag Thakur speaking in the Rajya Sabha on Friday.(ANI Photo/RSTV Screengrab)

Budget shows hope to build new, self-reliant India, says Anurag Thakur

By hindustantimes.com | Written by Kanishka Sarkar
PUBLISHED ON FEB 12, 2021 11:31 AM IST
Anurag Thakur also addressed the farmers’ stir issue and challenged the Congress and Opposition leaders to show where it was written that mandi and minimum support price system will end.
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Union minister for finance and corporate affairs, Nirmala Sitharaman. (File photo)
Union minister for finance and corporate affairs, Nirmala Sitharaman. (File photo)

Nirmala Sitharaman to reply on budget discussion in Rajya Sabha today

By HT Correspondent | Edited by Sarah Kadan
UPDATED ON FEB 12, 2021 09:48 AM IST
The discussion started on Wednesday in Lok Sabha with Prime Minister Narendra Modi’s reply to the motion of thanks on the President’s address
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A view of Parliament House.
A view of Parliament House.

Highlights: FM to reply to Budget discussion in Lok Sabha at 10am on Feb 13

UPDATED ON FEB 13, 2021 12:29 AM IST
Budget session highlights: Today is also the last sitting of the Rajya Sabha for the first phase of the session.
Rajya Sabha Chairman M Venkaiah Naidu speaks during the budget session of Parliament, in New Delhi on Thursday. (ANI Photo/RSTV Grab)
Rajya Sabha Chairman M Venkaiah Naidu speaks during the budget session of Parliament, in New Delhi on Thursday. (ANI Photo/RSTV Grab)

Budget session: Rajya Sabha sitting for February 13 cancelled

ANI, New Delhi
PUBLISHED ON FEB 12, 2021 07:21 AM IST
The first part of the budget session was scheduled to continue till February 15, however, it was later rescheduled to end on February 13.
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Union defence minister Rajnath Singh in Rajya Sabha(RSTV/screengrab)
Union defence minister Rajnath Singh in Rajya Sabha(RSTV/screengrab)

‘Disengagement plan at Pangong Tso finalised’, says Rajnath Singh on China row

By hindustantimes.com, Hindustan Times, New Delhi
UPDATED ON FEB 11, 2021 11:48 AM IST
Rajnath Singh's remarks come a day after the Chinese defence ministry said that both sides have begun disengaging on the southern and northern banks of Pangong Tso
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Prime Minister Narendra Modi speaks during the farewell to retiring Rajya Sabha MPs during the Budget Session of Parliament in New Delhi on Tuesday. (ANI Photo/ RSTV Grab)
Prime Minister Narendra Modi speaks during the farewell to retiring Rajya Sabha MPs during the Budget Session of Parliament in New Delhi on Tuesday. (ANI Photo/ RSTV Grab)

PM Modi to reply to motion of thanks on President’s address in Lok Sabha today

By hindustantimes.com | Written by Kanishka Sarkar
UPDATED ON FEB 10, 2021 02:02 PM IST
Modi had delivered his reply to the President's address in the Rajya Sabha on Monday where he asserted that his government was working for the welfare of small farmers
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Union minister of finance Nirmala Sitharaman, New Delhi, February 1, 2021 (Ajay Aggarwal /HT PHOTO)
Union minister of finance Nirmala Sitharaman, New Delhi, February 1, 2021 (Ajay Aggarwal /HT PHOTO)

Budget about faith, disinvestment not equal to selling family silver: FM

By hindustantimes.com | Edited by Amit Chaturvedi
UPDATED ON FEB 07, 2021 02:44 PM IST
Talking about the coronavirus disease (Covid-19) pandemic, Nirmala Sitharaman said that India found a way to survive "even when developed countries are struggling".
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Union Minister for Law & Justice, Communications and Electronics & Information Technology, Ravi Shankar Prasad held a press conference on Cabinet Decisions, in New Delhi on Wednesday. (ANI Photo)
Union Minister for Law & Justice, Communications and Electronics & Information Technology, Ravi Shankar Prasad held a press conference on Cabinet Decisions, in New Delhi on Wednesday. (ANI Photo)

Budget focuses on spending to boost economic growth, says Ravi Shankar Prasad

PTI, Patna
PUBLISHED ON FEB 07, 2021 07:45 AM IST
The Centre has increased the budgetary outlay for health and wellbeing to over 2.23 lakh crore from an estimated allocation of around 94,000 crore in the current fiscal.
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The budget also proposed to extend the eligibility for claiming tax holiday and capital gains exemption for investment in startups till March 31, 2022.(PTI)
The budget also proposed to extend the eligibility for claiming tax holiday and capital gains exemption for investment in startups till March 31, 2022.(PTI)

Union Budget 2021-22: Here are 10 income tax changes announced

By hindustantimes.com | Written by Meenakshi Ray, New Delhi
PUBLISHED ON FEB 05, 2021 09:20 AM IST
The changes include unit-linked insurance policies (ULIP), pre-filled income tax returns (ITR) forms, higher tax deduction at source (TDS) for non-filers of income tax returns and exemption of dividend payment to REIT/InvIT from TDS among others.
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Employees Provident Fund Organisation office (EPFO) on Rajaram Mohan Roy Road,in Bangalore(Hemant Mishra/Mint)
Employees Provident Fund Organisation office (EPFO) on Rajaram Mohan Roy Road,in Bangalore(Hemant Mishra/Mint)

Govt says taxation of EPF contribution will not affect genuine contributors

By hindustantimes.com | Edited by Shankhyaneel Sarkar, Hindustan Times, New Delhi
PUBLISHED ON FEB 04, 2021 08:24 PM IST
  • The rule is to ensure that high net worth individuals who post huge sums of money per month in their EPF accounts do not get to misuse the provision of assured high interest.
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On February 1, Union finance minister Nirmala Sitharaman had briefed all the ministers and spokespersons on budget and how to counter the opposition's criticism of it.(HT Photo)
On February 1, Union finance minister Nirmala Sitharaman had briefed all the ministers and spokespersons on budget and how to counter the opposition's criticism of it.(HT Photo)

BJP to reach out to masses, explain welfare measures in Union Budget

ANI
PUBLISHED ON FEB 04, 2021 02:23 PM IST
The Cabinet ministers and rest of the ministers of state and independence charge and national general secretaries of the Bharatiya Janata Party will be touring cities allocated to them on February 6 and February 7.
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Finance secretary Ajay Bhushan Pandey says government is aiming to spend more on infrastructure to boost incomes and generate employment. (ANI Photo)
Finance secretary Ajay Bhushan Pandey says government is aiming to spend more on infrastructure to boost incomes and generate employment. (ANI Photo)

Govt to spend more on infrastructure to boost incomes: Finance secretary

By hindustantimes.com | Edited by Shankhyaneel Sarkar, Hindustan Times, New Delhi
PUBLISHED ON FEB 03, 2021 10:12 PM IST
  • Pandey said the move is aimed at ensuring that government presence is not required in the private sector and foreign investments.
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Union minister of finance Nirmala Sitharaman, New Delhi, February 1, 2021 (Ajay Aggarwal /HT PHOTO)
Union minister of finance Nirmala Sitharaman, New Delhi, February 1, 2021 (Ajay Aggarwal /HT PHOTO)

A budget for a ‘project finance economy’

By Janmejaya Sinha
UPDATED ON FEB 04, 2021 06:23 AM IST
FM Sitharaman broke free of taboos and bet on growth. Now, meet divestment targets and monitor outcomes
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Farmers at the site during their ongoing protest against farm laws at Singhu border, in Delhi on Tuesday. (ANI Photo )
Farmers at the site during their ongoing protest against farm laws at Singhu border, in Delhi on Tuesday. (ANI Photo )

Farmers agitation at Delhi borders causing inconvenience to residents: Centre

By hindustantimes.com | Written by Kanishka Sarkar, Hindustan Times, New Delhi
UPDATED ON FEB 03, 2021 11:59 AM IST
Police security across Delhi was stepped up after thousands of farmers entered the central Delhi area despite warnings during their tractor rally on Republic Day.
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Finance secretary Ajay Bhushan Pandey(Mint)
Finance secretary Ajay Bhushan Pandey(Mint)

‘Did not resort to tax hike to boost revenue’: Ajay Bhushan Pandey

By Rajeev Jayaswal, New Delhi
PUBLISHED ON FEB 03, 2021 02:36 AM IST
In an interview to HT, Pandey said India needs to change the mindset that believes higher taxes are necessary to generate resources.
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By bringing hitherto uncounted expenditure heads into the budgetary numbers, and accounting for past dues, the budget has done away with the dubious practice of artificially underreporting the fiscal deficit numbers.(Reuters)
By bringing hitherto uncounted expenditure heads into the budgetary numbers, and accounting for past dues, the budget has done away with the dubious practice of artificially underreporting the fiscal deficit numbers.(Reuters)

What is the actual fiscal stimulus in the budget?

By Roshan Kishore, New Delhi
UPDATED ON FEB 03, 2021 08:07 AM IST
Here are three charts which can help us understand this.
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In keeping with the Fiscal Responsibility and Budget Management Act, 2003, (FRBM), the path for consolidation outlined in last year’s budget would have cut fiscal deficit to 3.1% of GDP and eliminated the primary deficit (borrowings excluding expenses on interest payments) by 2022-23. But Covid-19 derailed that plan. (Bloomberg)
In keeping with the Fiscal Responsibility and Budget Management Act, 2003, (FRBM), the path for consolidation outlined in last year’s budget would have cut fiscal deficit to 3.1% of GDP and eliminated the primary deficit (borrowings excluding expenses on interest payments) by 2022-23. But Covid-19 derailed that plan. (Bloomberg)

Budget 2021-22: Sitharaman borrows a leaf out of Pujara’s notebook

By Sarthak Agrawal
UPDATED ON FEB 02, 2021 10:13 PM IST
To borrow the chief economic adviser’s analogy, this is not a big-bang Rishabh Pant budget, although that doesn’t mean it is bad. Particularly impressive is the keenness showed by FM in imparting integrity to fiscal numbers. Phasing out opaque extra-budgetary borrowings deserves our full compliments.
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The minister invoked pre-poll promises made by the ruling BJP in Bihar, adding that once elections were over, all promises were promptly forgotten(PRAMOD THAKUR/ HT PHOTO)
The minister invoked pre-poll promises made by the ruling BJP in Bihar, adding that once elections were over, all promises were promptly forgotten(PRAMOD THAKUR/ HT PHOTO)

‘What’s in it for Maharashtra?’: Minister Chaggan Bhujbal slams budget

By hindustantimes.com | Edited by Ayshee Bhaduri, Hindustan Times, New Delhi
PUBLISHED ON FEB 02, 2021 05:51 PM IST
  • "Budget was for name’s sake. What's in it for Maharashtra? Nothing. It's only for election-bound states. They (BJP) promised so much for Bihar. Was anything announced? Where are those promises which they made before polls? Election over, promises gone,” NCP leader Chhagan Bhujbal told reporters.
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Relaxation from filing ITR for senior citizens will be provided if some conditions are fulfilled.(Reuters)
Relaxation from filing ITR for senior citizens will be provided if some conditions are fulfilled.(Reuters)

No ITR filing required for senior citizens: 7 points

By hindustantimes.com | Edited by Mallika Soni
PUBLISHED ON FEB 02, 2021 03:59 PM IST
"In the 75th year of Independence of our country, we shall reduce the compliance burden on senior citizens. For senior citizens who only have a pension and interest income, I propose exemption of filing of income tax returns,” Sitharaman said in her budget speech.
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Representational image. (AFP)
Representational image. (AFP)

Tourism, hospitality sectors neglected in budget, says travel federation

By Neha LM Tripathi
PUBLISHED ON FEB 02, 2021 11:53 AM IST
Subhash Goyal, general secretary of Federation of Associations in Tourism and Hospitality, said the budget was a good opportunity for the government to revive the tourism industry
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Finance minister Nirmala Sitharaman speaks during a press conference in New Delhi, on February 1, 2021. (Bloomberg)
Finance minister Nirmala Sitharaman speaks during a press conference in New Delhi, on February 1, 2021. (Bloomberg)

Budget 2021: Hydrogen mission; solar energy, clean air among focus areas

By HT Correspondent | Edited by Smriti Sinha
PUBLISHED ON FEB 02, 2021 09:39 AM IST
Centre’s clean air programme got a shot in the arm with Sitharaman announcing a fund of 2,217 crore for air pollution control in 42 cities
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The old regime is beneficial for most types of profiles that we considered.(Getty Images)
The old regime is beneficial for most types of profiles that we considered.(Getty Images)

What union budget means for your money

By hindustantimes.com, New Delhi
PUBLISHED ON FEB 02, 2021 07:37 AM IST
Here is a graphic look at the tax you pay -
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Indian market delivered the best post-budget rise in 24 years.(ANI)
Indian market delivered the best post-budget rise in 24 years.(ANI)

Budget FY22 brings big cheer to markets

By hindustantimes.com
UPDATED ON FEB 02, 2021 07:13 AM IST
The BSE benchmark Sensex skyrocketed 2,315 points on Monday, propelled by gains in financial stocks, as market participants cheered a growth-oriented Union budget.
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While the government did spend more than what the last budget allocated to this heads, it has decided against continuing its distress relief push in the next fiscal year as things return to normal.(HT Photo)
While the government did spend more than what the last budget allocated to this heads, it has decided against continuing its distress relief push in the next fiscal year as things return to normal.(HT Photo)

Will budget 2021-22 alleviate distress ?

By Roshan Kishore, New Delhi
UPDATED ON FEB 02, 2021 07:19 AM IST
Allocation for National Social Assistance Programme, which was increased to 42,617 crore in 2020-21 (RE) from the 2020-21 BE allocation of 9,197 crore has been brought down to 9,200 crore in the 2021-22 BE numbers.
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