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union budget of india

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Finance minister Nirmala Sitharaman.(File photo)

Nirmala Sitharaman makes employee PF share up to 5L tax-free

By Rajeev Jayaswal
UPDATED ON MAR 24, 2021 05:28 AM IST
The Union Budget on February 1 proposed that interest on employee contribution to provident fund (PF) over 2.5 lakh per annum would be taxed from April 1.
Prime Minister Narendra Modi speaking on the steps taken in this year's Budget for the education sector through video conferencing in New Delhi on Wednesday. (ANI )
Prime Minister Narendra Modi speaking on the steps taken in this year's Budget for the education sector through video conferencing in New Delhi on Wednesday. (ANI )

Doors being opened for talented youth in several sectors: PM Modi

PTI |
PUBLISHED ON MAR 03, 2021 02:31 PM IST
Doors are being opened for talented youth in several sectors such as space, atomic energy and agriculture as limiting knowledge and research is a big injustice to the country's potential, Prime Minister Narendra Modi said on Wednesday.
Some of the districts, identified by the ministry as areas of concern, are reporting even an eight per cent weekly positivity rate.(HT Photo)
Some of the districts, identified by the ministry as areas of concern, are reporting even an eight per cent weekly positivity rate.(HT Photo)

News updates from HT: Centre names areas that need to exercise special caution

PUBLISHED ON FEB 21, 2021 04:51 PM IST
Here are today’s top news, analysis and opinion. Know all about the latest news and other news updates from Hindustan Times.
Addressing the Governing Council meeting of Niti Aayog, the Prime Minister said that the private sector should be given full opportunity to become a part of government's Aatmanirbhar Bharat programme.(HT_PRINT)
Addressing the Governing Council meeting of Niti Aayog, the Prime Minister said that the private sector should be given full opportunity to become a part of government's Aatmanirbhar Bharat programme.(HT_PRINT)

Centre, states need to work closely to boost economic growth: PM

PTI |
PUBLISHED ON FEB 20, 2021 01:59 PM IST
He said that the positive response to the Union Budget 2021-22 indicates that the country wants to move forward on the path of development at greater speed.
Banks have to deduct TDS at 10% if the interest income is more than <span class='webrupee'>₹</span>40,000 or <span class='webrupee'>₹</span>50,000 in case of senior citizens, in a financial year.(Reuters )
Banks have to deduct TDS at 10% if the interest income is more than 40,000 or 50,000 in case of senior citizens, in a financial year.(Reuters )

News updates from HT: Banks to deduct TDS at higher rates for senior citizens

PUBLISHED ON FEB 18, 2021 04:57 PM IST
Here are today’s top news, analysis and opinion. Know all about the latest news and other news updates from Hindustan Times.
Chhattisgarh chief minister has written to the Union finance minister over the state's financial woes.(PTI)
Chhattisgarh chief minister has written to the Union finance minister over the state's financial woes.(PTI)

Chhattisgarh CM Baghel asks Sitharaman for financial assistance citing losses

By Ritesh Mishra | Edited by Abhinav Sahay
PUBLISHED ON FEB 18, 2021 08:17 AM IST
  • CM Bhupesh Baghel added that Chhattisgarh was yet to receive 3,700 crore in the GST compensation fund from the Centre in the financial year 2020-21.
Prime Minister Modi had conveyed his condolences over the accident, also sending well wishes for those injured.(ANI)
Prime Minister Modi had conveyed his condolences over the accident, also sending well wishes for those injured.(ANI)

PM Modi to address webinar for effective implementation of budget

By hindustantimes.com | Written by Deepali Sharma
PUBLISHED ON FEB 16, 2021 08:33 AM IST
It will have representatives from major financial institutions, funds, concessionaires and contractors, consultants and subject matter experts.
In the ongoing session for the discussion on the Union budget, the opposition parties have constantly attacked the Centre over the implementation of the budget and the farm laws in both houses of the parliament.(Reuters)
In the ongoing session for the discussion on the Union budget, the opposition parties have constantly attacked the Centre over the implementation of the budget and the farm laws in both houses of the parliament.(Reuters)

‘Very important business’: BJP issues 3-line whip to Lok Sabha members

By hindustantimes.com | Written by Srivatsan K C
UPDATED ON FEB 12, 2021 08:25 PM IST
"All members of BJP in Lok Sabha are therefore, requested to be positively present in the House throughout the day from 10.00 a.m. onwards on Saturday, the 13th February 2021 and support the Government’s stand,” the whip said.
The Centre's three farm laws will render 40% of the people dependent on agriculture jobless and the control will slip into the hands of corporates, said former Congress president Rahul Gandhi.(ANI File Photo)
The Centre's three farm laws will render 40% of the people dependent on agriculture jobless and the control will slip into the hands of corporates, said former Congress president Rahul Gandhi.(ANI File Photo)

News updates from HT: Rahul Gandhi asks govt to scrap farm laws

PUBLISHED ON FEB 12, 2021 05:08 PM IST
  • Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times.
Union minister for finance Nirmala Sitharaman is seen in this file photo.
Union minister for finance Nirmala Sitharaman is seen in this file photo.

It isn’t Congress’ trademark: Sitharaman tackles oppn criticism over budget

By hindustantimes.com | Written by Meenakshi Ray
UPDATED ON FEB 12, 2021 03:49 PM IST
Nirmala Sitharaman said the government is also looking at "long term sustainable growth" besides providing 'quick short term solutions’.
Congress MP P Chidambaram at Parliament during the ongoing Budget Session, in New Delhi, Wednesday Feb. 3, 2021.(PTI)
Congress MP P Chidambaram at Parliament during the ongoing Budget Session, in New Delhi, Wednesday Feb. 3, 2021.(PTI)

For the rich, of the rich, by the rich’: Chidambaram tears into Union Budget

By hindustantimes.com | Edited by Anjali
PUBLISHED ON FEB 11, 2021 06:09 PM IST
Chidambaram said his party has rejected the budget, presented by Union finance minister Nirmala Sitharaman on February 1.
Prayagraj: Congress leader Priyanka Gandhi Vadra takes a holy dip in Sangam on the occasion of 'Mauni Amavasya' during the ongoing 'Magh Mela' in Prayagraj, Thursday, Feb. 11, 2021. (PTI Photo)(PTI02_11_2021_000176A)(PTI)
Prayagraj: Congress leader Priyanka Gandhi Vadra takes a holy dip in Sangam on the occasion of 'Mauni Amavasya' during the ongoing 'Magh Mela' in Prayagraj, Thursday, Feb. 11, 2021. (PTI Photo)(PTI02_11_2021_000176A)(PTI)

News updates from HT: Priyanka Gandhi pays tribute to Nehru, takes a holy dip

UPDATED ON FEB 11, 2021 05:00 PM IST
Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times.
Prime Minister Narendra Modi replies in Lok Sabha to the Motion of Thanks on the President's Address during the Budget Session of Parliament in New Delhi on Wednesday. (ANI Photo/ LSTV)
Prime Minister Narendra Modi replies in Lok Sabha to the Motion of Thanks on the President's Address during the Budget Session of Parliament in New Delhi on Wednesday. (ANI Photo/ LSTV)

PM cites 'Churchill Cigar Assistant' anecdote to underline need for change

PTI |
PUBLISHED ON FEB 10, 2021 10:07 PM IST
  • To buttress his point for change, Modi cited a story of CCA, Churchill Cigar Assistant, in the office of Chief Secretary of Tamil Nadu. The post was specifically created for ensuring the supply of cigar to Churchill from Tiruchirappalli in the state.
“Instead of the Brisbane heroics we got a Chennai collapse” Shashi Tharoor said in the Parliament on Wednesday.(PTI)
“Instead of the Brisbane heroics we got a Chennai collapse” Shashi Tharoor said in the Parliament on Wednesday.(PTI)

Contribution of this budget is 'Na Jawan na Kisan': Shashi Tharoor

By hindustantimes.com | Edited by Ayshee Bhaduri
PUBLISHED ON FEB 10, 2021 08:35 PM IST
  • Shashi Tharoor delivered the critique of this year’s Union budget on behalf of his party, right after the Prime Minister had concluded his reply to the motion of thanks on the President's address.
The BSE benchmark Sensex rallied 617.14 points or 1.22 per cent to close above the 51,000-mark for the first time on Monday REUTERS/Francis Mascarenhas/File photo(REUTERS)
The BSE benchmark Sensex rallied 617.14 points or 1.22 per cent to close above the 51,000-mark for the first time on Monday REUTERS/Francis Mascarenhas/File photo(REUTERS)

Investor wealth jumps over 16.70 lakh cr in 6 days of market rally

PTI |
PUBLISHED ON FEB 08, 2021 06:35 PM IST
  • Since February 1, the market capitalisation of BSE-listed companies has zoomed 16,70,154.05 crore to reach 2,02,82,798.08 crore, its new record high. During this time, the 30-share BSE index has gained 5,063 points or 10.93 per cent.
Finance minister Nirmala Sitharaman.mint(MINT_PRINT)
Finance minister Nirmala Sitharaman.mint(MINT_PRINT)

‘Govt to work with RBI on bank privatisation’

PUBLISHED ON FEB 08, 2021 07:05 AM IST
  • Commenting on Mumbai’s position as the financial capital of the country, Sitharaman said, “Mumbai is a city which understands the budget. In fact, talking about the budget in Mumbai is equivalent to talking in Parliament.”
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".
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 marks directional change for economy: Nirmala Sitharaman

By Rajeev Jayaswal
PUBLISHED ON FEB 04, 2021 11:59 PM IST
Sitharaman on Monday unveiled a budget with significant increases in health and capital expenditure to revive an economy that shrank by a record 23.9% in the quarter ended June 30 mainly because of the 68-day hard lockdown imposed on March 25 to curb the spread of the coronavirus.
Despite high stock valuations, investors expect the Union budget proposals to kick-start investments critical to reviving growth.(PTI)
Despite high stock valuations, investors expect the Union budget proposals to kick-start investments critical to reviving growth.(PTI)

Sensex ends above 50,000 for first time

By Nasrin Sultana
UPDATED ON FEB 04, 2021 07:03 AM IST
The 30-share index jumped 458.03 points, or 0.92%, to close at 50,255.75, while the broader Nifty index gained 0.97% to 14,789.95.
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
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.
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
Soldiers on T-90 (Bhisma) tanks march along Rajpath, Republic Day Parade, New Delhi, January 26, 2021 (AFP)
Soldiers on T-90 (Bhisma) tanks march along Rajpath, Republic Day Parade, New Delhi, January 26, 2021 (AFP)

Does the budget meet India’s defence requirements?

By Pranay Kotasthane
UPDATED ON FEB 04, 2021 06:24 AM IST
The key lesson from the budget is that sudden increases in defence spending are unlikely in the post-pandemic recovery phase. Military planning for the future needs major doctrinal shifts to counter the threat posed by China and Pakistan. Hopes of a quantum jump in defence expenditure should be laid to rest.
FILE - In this Sept. 24, 2019, file photo, a woman walks below a Google sign on the campus in Mountain View, Calif. In results announced Tuesday, Feb. 2, 2021, Google’s digital advertising empire is regaining the momentum it lost during the pandemic’s early stages. And its YouTube video service is maturing into a major marketing magnet and companies are anticipating more spending by cooped-up consumers when the economy reopens. (AP Photo/Jeff Chiu, File)(AP)
FILE - In this Sept. 24, 2019, file photo, a woman walks below a Google sign on the campus in Mountain View, Calif. In results announced Tuesday, Feb. 2, 2021, Google’s digital advertising empire is regaining the momentum it lost during the pandemic’s early stages. And its YouTube video service is maturing into a major marketing magnet and companies are anticipating more spending by cooped-up consumers when the economy reopens. (AP Photo/Jeff Chiu, File)(AP)

Trade secretary stands by digital tax opposed by US

Reuters |
PUBLISHED ON FEB 03, 2021 03:11 PM IST
The two countries have been struggling for more than a year to conclude the limited trade deal.
According to experts, better-than-estimated Q2 performance from banks and strong auto sales numbers offered support to the market.(PTI file photo)
According to experts, better-than-estimated Q2 performance from banks and strong auto sales numbers offered support to the market.(PTI file photo)

Bad Bank plan sparks concern in India's distressed loan market

Bloomberg |
PUBLISHED ON FEB 03, 2021 01:33 PM IST
  • There are many details about the bad bank that policy makers haven’t clarified which makes any analysis challenging. Banking secretary Debasish Panda told reporters this week that banks might have to put in initial capital to start the bad bank.
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
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.
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?

UPDATED ON FEB 03, 2021 08:07 AM IST
Here are three charts which can help us understand this.
“Yesterday, the BJP government at the Centre left the MCDs high and dry with zero allocation against their demand of Rs.12,000 crores,” Pathak said.(Image via Twitter)
“Yesterday, the BJP government at the Centre left the MCDs high and dry with zero allocation against their demand of Rs.12,000 crores,” Pathak said.(Image via Twitter)

MCDs did not get grant from Centre due to corruption in Delhi BJP, alleges AAP

UPDATED ON FEB 03, 2021 05:42 AM IST
Senior AAP leader and the party’s MCD in-charge Durgesh Pathak said the Union government has “accepted that the Delhi BJP is completely corrupt”.
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
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.
Students attending classes at GMSSS, Sector 33, Chandigarh, on Monday. (Keshav Singh/HT)
Students attending classes at GMSSS, Sector 33, Chandigarh, on Monday. (Keshav Singh/HT)

Child rights NGOs disappointed with low budgetary allocation for children

PTI |
PUBLISHED ON FEB 02, 2021 11:50 AM IST
Child rights NGOs disappointed with low budgetary allocation for children
Defence Minister Rajnath Singh left for Bengaluru on Tuesday
Defence Minister Rajnath Singh left for Bengaluru on Tuesday

Rajnath Singh leaves for Bengaluru to inaugurate HAL's 2nd LCA production line

ANI |
PUBLISHED ON FEB 02, 2021 11:37 AM IST
Last month, the Cabinet Committee on Security chaired by Prime Minister Narendra Modi approved the largest indigenous defence procurement deal worth about 48,000 crores to buy 83 LCA Tejas Mark1A fighter jets.
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