Page 9 - Latest Updates on Budget estimates
No cut in excise duty on petrol, diesel: FM Nirmala Sitharaman
Sitharaman ignored calls for a reduction in excise duty rates to help bring down prices from historic high levels.
 "No cut in excise duty on petrol, diesel: FM Nirmala Sitharaman")
Env ministry's outlay falls; vehicle scrapping policy to fight pollution
The Centre on Monday earmarked a separate Rs 2,217 crore for 42 urban centres to tackle air pollution
 "Env ministry's outlay falls; vehicle scrapping policy to fight pollution")
Government slashes fiscal 2021-22 sports budget by Rs 230 crore
In the Union budget presented in Parliament on Monday, the Central government allocated Rs.2,596.14 crore to sports
 "Government slashes fiscal 2021-22 sports budget by Rs 230 crore")
Budget does not address inequities, bold for its fiscal stance: Economists
Economists called the budget 'bold'
 "Budget does not address inequities, bold for its fiscal stance: Economists")
Budget: Dept of Space allocated Rs 13,949 cr after a steep cut last year
Out of the allocated funds Rs 8,228 crore have been earmarked for capital expenditure
 "Budget: Dept of Space allocated Rs 13,949 cr after a steep cut last year")
Capital outlay should support a higher pace of GDP expansion in FY22
The fiscal deficit of the government of India has increased sharply to 9.5 per cent of GDP in the Revised Estimates for FY21, relative to the budgeted target of 3.5 per cent
 "Capital outlay should support a higher pace of GDP expansion in FY22")
Govt to launch Jal Jeevan Mission for tap water connections in urban areas
Finance Minister Nirmala Sitharaman on Monday announced that the Jal Jeevan Mission (urban) will be launched
 "Govt to launch Jal Jeevan Mission for tap water connections in urban areas")
Interest earned on PF contributions above Rs 2.5 lakh to be taxable: Budget
Employers who delay the deposit of workers' share of social security contributions like employees' provident fund will not be able to claim the amount as deduction from their income
 "Interest earned on PF contributions above Rs 2.5 lakh to be taxable: Budget")
Budget proposals for start-ups to boost 'ease of doing business'
The union government has decided to extend tax holiday claim for start-ups by one more year
 "Budget proposals for start-ups to boost 'ease of doing business'")
Govt proposes Rs 3.05 trn scheme to revive power distribution companies
The FM also proposed a framework to provide electricity consumers option to choose from service providers
 "Govt proposes Rs 3.05 trn scheme to revive power distribution companies")
Women and Child Development Ministry's budget hiked by 16 per cent
A sum of Rs 24,435 crore has been set aside for the Women and Child Development (WCD) Ministry for the next fiscal
 "Women and Child Development Ministry's budget hiked by 16 per cent")
Winners and losers: Who got what in India's pandemic budget
Finance Minister Nirmala Sitharaman had promised an unprecedented budget aimed at buoying the economy
 "Winners and losers: Who got what in India's pandemic budget")
Rs 1,500 cr-scheme to boost e-payments; drive innovation by fintech cos
The government on Monday proposed a Rs 1,500 crore-scheme to promote digital transactions in the country
 "Rs 1,500 cr-scheme to boost e-payments; drive innovation by fintech cos")
FY22 disinvestment target at Rs 1.75 trn; financials a strategic sector
This includes two PSU banks and one general insurance company, in the next fiscal year beginning April 1
 "FY22 disinvestment target at Rs 1.75 trn; financials a strategic sector")
Fiscal activism
Govt should tread carefully on this path
 "Fiscal activism")
LIVE: India took 'short-term pain' for long-term economic gain, says CEA
BUDGET SESSION 2021 LIVE UPDATES: Finance Minister Nirmala Sitharaman tabled Economic Survey today. Stay tuned for LIVE updates on Budget session of the Parliament
 "LIVE: India took 'short-term pain' for long-term economic gain, says CEA")
Fiscal deficit at 135% of BE on higher capex; spending in Nov rises 250%
This is despite a reasonable pick-up in tax revenues during the month as economic activity gradually reverts to normalcy amid the pandemic
 "Fiscal deficit at 135% of BE on higher capex; spending in Nov rises 250%")
Best of BS Opinion: No escape from extra borrowing, Covid-19, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: No escape from extra borrowing, Covid-19, and more")
No escape from extra borrowing
Despite growth likely in the second half of the year, revenue gap will be large leading to higher borrowing and expenditure management
Statsguru: Rough terrain for states amid slowing economy hit by Covid-19
In FY20, provisional accounts indicate that states' revenue receipts were 12 per cent lower than the Budgeted amount