Pre Budget 2021 Expectation: From tax rebate to bigger sops for businesses, here's what's expected from FM Sitharaman
The Budget session of Parliament began on January 29 with the address of President Ram Nath Kovind to the joint sitting of both the Houses. The Budget session of Parliament would conclude on April 8. The Houses will adjourn on February 15 and meet again on March 8.
Jan 31, 2021, 18:47 PM IST
Budget 2021 classroom: When FM Nirmala Sitharaman replaced red suitcase with four-fold red cloth
The echoes are growing stronger for certain expectations from the Union Budget 2021-22 to be presented by Finance Minister Nirmala Sitharaman. Everybody will be glued to their TVs to know if the budget goes beyond the 'Bahi-Khata' or not. Let’s look at some of the interesting details about the Union Budget
Jan 31, 2021, 18:26 PM IST
Union Budget 2021: Invest Rs 50,000 in NPS and get additional tax benefits over and above Rs 1.5 lakh under section 80C
Any individual citizen of India (both resident and Non-resident) in the age group of 18-65 years (as on the date of submission of NPS application) can join NPS. Although, opening multiple NPS accounts for an individual is not allowed under NPS, an Individual can have one account in NPS and another account in Atal Pension Yojna.
Jan 31, 2021, 18:15 PM IST
Budget 2021 classroom: Here's all about Shanmukham Chetty, the 1st Finance Minister of independent India
Finance Minister Nirmala Sitharaman will present the Union Budget for the year on Monday (February 1). The entire nation has huge expectations on the change in policies amid the slowdown in the economy due to the pandemic. Let's take a look the historical facts about Union Budget in India.
Jan 31, 2021, 18:13 PM IST
Budget 2021 likely to focus on growth, structural reforms: Report
Its house economists expect these spends to be funded by debt and partly by imposing a cess on high income groups and also by some non-fiscal measures like tapping the central bank''s revaluation reserves and bank recapitalisation and infra bonds.
Jan 31, 2021, 17:27 PM IST
Budget 2021 classroom: Here's all about James Wilson, the man who created India's first-ever Budget
Born in Hawick, a small border town in Scotland in 1805, Wilson first came to India on November 28, 1859, and he was appointed finance member in Viceroy Lord Canning's council in undivided India and the British government ruling India then was reeling under a huge financial crisis.
Jan 31, 2021, 16:05 PM IST
Budget 2021 classroom: What is Budget and what are the types of Union Budget?
As per Article 112 of the constitution, a union budget is basically the statement of the estimated receipts and expenditure of the government. Also known as the annual financial statement of the government, the union budget keeps the exact count of its finances from April 1 to March 31.
Jan 31, 2021, 14:47 PM IST
7th Pay Commission latest update: Here's why your take-home pay may reduce from April 2021 but Gratuity, PF component may rise
A couple of months ago, the government notified draft rules under Code on Wages 2019, following which take-home pay of employees may be reduced from next financial year ie, April 2021 because the draft rule required companies to restructure their salary break up. This also means that there will be a consequent rise in gratuity and PF contribution of the employee.
Jan 31, 2021, 14:16 PM IST
Budget 2021: Mid-level professionals spell out expectations
IndiIET recently released findings from its report "Voices from the Ground: The Unheard Impact of COVID-19 on India`s Workforce." The report captures the concerns regarding the uncertainties post-COVID-19 on India`s workforce across sectors and various career stages.
Jan 31, 2021, 13:52 PM IST
Budget 2021: Smartphone industry seeks more budgetary allocation, reduction in GST
The government is also expected to further push its ambitious ‘Make In India’ programme to the electronics manufacturing and export hub. Mobile phone and component manufacturers on the other hand expect export incentives and lower GST on mobile parts to achieve the government's vision.
Jan 31, 2021, 13:44 PM IST
Govt may announce new scheme for revival of discoms to achieve 24X7 power for all
The government may announce a new scheme for cash-strapped and loss-making electricity distribution utilities to reduce stress in the sector and achieve the goal of '24X7 Power for All', a source said. The Centre in November 2015 introduced the UDAY (Ujjwal DISCOM Assurance Yojana) scheme for the revival of the debt-laden discoms.
Jan 31, 2021, 13:42 PM IST
Budget 2021: COVID-19 hit hospitality sector seeks relief on GST front, demands industry status
Finance Minister Nirmala Sitharaman is scheduled to present the Budget 2021 in Lok Sabha at 11 AM.
At this crucial juncture Sitharaman's announcement for the hospitality industry in the Union Budget 2021, is going to have a major impact on lakhs of people dependent on the sector.
Jan 31, 2021, 13:25 PM IST
Budget 2021 classroom: How to save income tax other than 80C; check these 10 options
The one thing that the common man eagerly waits to hear from the finance minister is the announcement on taxation. We shall all get to know what is stored in FM's kitty. For the moment, we could look at 10 other options for tax saving purpose.
Jan 31, 2021, 11:15 AM IST
Stock markets ahead: Budget 2021, RBI policy major events to watch out for
The Economic Survey 2020-21 was tabled in the Lok Sabha on Friday.
The Survey projected that India's economy is likely to grow by 11 per cent in the fiscal year beginning April 1 as a vaccine drive and rebound in consumer demand help it emerge from the carnage inflicted by a strict coronavirus lockdown.
Jan 31, 2021, 10:37 AM IST
Budget 2021: Here's what FM Sitharaman could have in store for the salaried class
Union Budget 2021 will go paperless as the Finance Ministry has decided not to print the budget documents amid the COVID-19 pandemic. Touted to be a historic move, it will be for the first time in the history of independent India that the budget 2021 papers will not be printed.
Jan 31, 2021, 10:02 AM IST
Budget Prediction: Special discount possible to boost startup
In this special segment of Zee News, know what is the expectation of people from budget 2021 and where relief is possible?
Jan 31, 2021, 09:26 AM IST
Budget 2021: Real estate sector keen on infrastructure status, tax incentives for home buyers
The real estate sector has also been demanding infrastructure status. Apart from the sector suffering a sharp dip in sales due to COVID-19, there was also exodus of migrant labourers from cities which impacted execution of projects. Developers said construction work had not picked up projects due to liquidity crisis.
Jan 31, 2021, 09:25 AM IST
Budget 2021: What middle class is expecting from FM Nirmala Sitharaman
In this special segment of Zee News, know what is the expectation of people from budget 2021 and where relief is possible?
Jan 30, 2021, 22:52 PM IST
Budget 2021: Will the government increase tax exemption in this budget?
The budget is going to be presented on February 1, as always this time also, people are expecting, will the government increase tax exemption in this budget? know what relief will be given in tax in this general budget?
Jan 30, 2021, 21:56 PM IST
Economic Survey 2020-21 predicts 11% economic growth for 2021-22: Check key highlights
The Economic Survey has forecast India's real GDP to record a growth of 11 per cent in 2021-22 and nominal GDP by 15.4 per cent-the highest since independence, believing that rebound will be led by the low base and continued normalization in economic activities as the rollout of COVID-19 vaccines gathers traction.
Jan 30, 2021, 17:11 PM IST