Biocon’s Kiran Mazumdar Shaw also praised the budget for its healthcare and infrastructure spending.(PTI file photo)
Biocon’s Kiran Mazumdar Shaw also praised the budget for its healthcare and infrastructure spending.(PTI file photo)

From Anand Mahindra to Harsh Goenka: How industry leaders reacted to Union Budget

The industry leaders appreciated the finance minister’s focus on the various sectors of the economy, which has been battered the coronavirus pandemic.
By hindustantimes.com | Edited by Deepali Sharma, Hindustan Times, New Delhi
PUBLISHED ON FEB 01, 2021 07:48 PM IST

Mahindra Group chairperson Anand Mahindra was one among several industrialists who praised the Union Budget presented by finance minister Nirmala Sitharaman on Monday. The industry leaders appreciated the finance minister’s focus on the various sectors of the economy, which has been battered the coronavirus pandemic.

"In a time of unprecedented economic stress, the Govt’s responsibility was to spend enough to revive the economy or else face enormous human suffering. So I had one expectation from this budget: that we should be very liberal in terms of the targeted fiscal deficit. Box ticked,” Mahindra tweeted.


RPG Enterprises chairperson Harsh Goenka equated the stock market high driven by the budget with that of the Wall Street power play GameStop said that the budget has put the power in the hands of the masses. "Investors are driving markets up like #GameStop after #Budget2021 turns out to be like the #Reddit forum that’s putting power in hands of masses. A budget that focuses on healthcare, vaccination and infrastructure- truly democratising growth! Except this budget isn’t a bubble!" Goenka said.

"The government’s decision to strengthen school education with the implementation of the National Education Policy across 15,000 schools despite the hurdles owing to the Covid-19 pandemic shows clear intent. However, the rollout and implementation across all states should be done within a couple of years to bring parity for students to access education across the country," Rustom Kerawalla, chairperson of Ampersand Group, was quoted as saying by the CSR Journal.

Also Read | Budget for tourism ministry slashed by 19%, industry unhappy

Biocon’s Kiran Mazumdar Shaw also praised the budget for its healthcare and infrastructure spending. The budget has allocated 73,932 crore for healthcare while 54, 581 crore has been allocated for infrastructural development like that of smart cities and metro services etc. "The Budget 2021 has focused on infrastructure spending, boost in healthcare spending, monetisation and privatisation of public sector assets. All this augurs well to get the economy back on track," Shaw was quoted as saying by Confederation of Indian Industry (CII).


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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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Prime Minister Narendra Modi speaking in the Rajya Sabha during ongoing Budget Session of Parliament, in New Delhi, on Monday(PTI Photo )
Prime Minister Narendra Modi speaking in the Rajya Sabha during ongoing Budget Session of Parliament, in New Delhi, on Monday(PTI Photo )

‘Working for small farmers’, says PM Modi amid farm stir, hits out at ‘new FDI’

By hindustantimes.com | Written by Kanishka Sarkar
UPDATED ON FEB 08, 2021 03:11 PM IST
PM Modi said that since his government came to power in 2014, the Centre has initiated changes in the agriculture sector aimed at empowering 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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