Page 36 - Union Budget

Budget 2021 to spend Rs 2.23 trn on healthcare, raising outlay by 137%

New central scheme called Atmanirbhar Swasth Bharat Yojana gets Rs 64,180 crore in Sitharaman's budget

Budget 2021: Govt raises import duty on parts of mobile phones, chargers

The government on Monday proposed to impose import duty on components of mobile phones and chargers, to enhance local value addition

Budget 2021: Govt to borrow about Rs 12 trillion in FY22, says FM

Finance Minister Nirmala Sitharaman on Monday said the government will borrow about Rs 12 trillion in 2021-22

Fiscal deficit for FY22 pegged at 6.8% of GDP, announces FM Sitharaman

Finance Minister Nirmala Sitharaman on Monday said the government estimates fiscal deficit of 6.8 per cent of the gross domestic product (GDP) in the next financial year beginning April 1

Budget 2021: Govt sets divestment target of Rs 1.75 trillion For FY22

The government on Monday budgeted Rs 1.75 trillion from stake sale in public sector companies and financial institutions, including 2 PSU banks and one insurance company, in the next fiscal year

Budget: 8,500 km of highway projects to be awarded in FY22, says Sitharaman

Expressing commitment to augment the country's infrastructure, Finance Minister Nirmala Sitharaman said projects for building 8,500 km of highways will be awarded by March 2022

Industry cheers as Budget 2021 increases FDI limit in insurance to 74%

The Insurance Act presently says a company has to be 'Indian-owned and controlled'

Budget 2021: Rs 3,726 crore allocated for forthcoming Census, says FM

The government has allocated Rs 3,726 crore for forthcoming Census, which will be the first digital census, Finance Minister Nirmala Sitharaman said on Monday. Presenting the Union Budget for 2021-22, she said the government is also working on a national language translation initiative. Sitharaman also announced a deep ocean mission with an outlay of more than Rs 4,000 crore over five years. In other measures, she said the government has also proposed to set up a conciliatory mechanism for quick resolution of contractual disputes. Further, the government also proposed to introduce National Nursing and Midwifery Commission Bill, Sitharaman said.

Social security benefit to be extended to platform, gig workers, says FM

The government on Monday said social security benefits will be extended to platform and gig workers. Presenting the Union Budget for 2021-22, Finance Minister Nirmala Sitharaman said the government also proposed setting up of a portal to collect information on gig-workers, building and construction workers, among others. A portal will be set up to collect info on gig & platform workers, building & construction workers, among others to provide them benefits like health, credit (easy financing), food and others, Sitharaman said in her budget speech in Lok Sabha. She noted that for the first time Code on Social Security Code 2020 has made provision for universalisation of social security for the entire workforce including gig and platform workers. The gig and platform workers are those who are engaged by various e-commerce businesses like UBER, OLA, SWIGGY and Zomato. These workers are not paid salaries and hence deprived of social security benefits like provident fund, group ...

Govt provides Rs 15,700 crore for MSME sector in Union Budget 2021

Union Finance Minister Nirmala Sitharaman has made a provision of Rs 15,700 crore for the Ministry of Micro, Small and Medium Enterprises (MSME) sector in the Union Budget 2021-22."We have taken a number of steps to support the MSME sector in this budget. I have provided Rs 15,700 crore more than double the previous year," said Sitharaman while presenting the Union Budget in the Parliament."Financial Inclusion: To further facilitate credit flow under the scheme of Stand Up India for the Scheduled Caste and Scheduled Tribes and also women, I propose to reduce the margin money requirement from 25 per cent 15 per cent only and to also include loans for activities in allied activities in agriculture," the Finance Minister added.The Union Budget 2021-22 proposals rest on six pillars: Health and well-being, physical and financial capital and infrastructure, inclusive development for aspirational India reinvigorating human capital, innovation and R & D, minimum government and maximum ...

Budget: Govt proposes Rs 20,000-cr recapitalisation for PSBs in 2021-22

Finance Minister Nirmala Sitharaman on Monday said the government would infuse Rs 20,000 crore into public sector banks (PSBs) in 2021-22, to meet the regulatory norms

Rural infra development fund increased to Rs 40,000 crore in FY22: FM

Finance Minister Nirmala Sitharaman on Monday said the allocation to rural infrastructure development has been increased to Rs 40,000 crore for the next fiscal from Rs 30,000 crore in FY21

Govt to incentivise incorporation of one person companies to boost startups

The government on Monday said it proposes to incentivise incorporation of one person companies (OPCs), a move that will benefit startups and innovators.

FM announces 7 port projects worth more than Rs 2,000 cr via PPP mode

Finance Minister Nirmala Sitharaman on Monday announced seven port projects worth more than Rs 2,000 crore investment

Budget: Govt proposes to launch unified securities market code, says FM

The government on Monday proposed to launch a unified securities market code

Govt proposes Rs 2.24 trn outlay for healthcare in 2021-22: FM Sitharaman

The government on Monday proposed Rs 223,846 crore Budget outlay for health and well being for 2021-22, compared to Rs 94,452 crore in the current fiscal, an increase of 137 per cent

Budget to spend Rs 2.84 trillion on health, raising expenditure by 137%

Sitharaman has announced Rs 35,000 crore for Covid-19 vaccination this year

Budget 2021: FM Sitharaman proposes doubling of healthcare spending

India, which has the world's second highest coronavirus caseload after the United States, and currently spends about 1 per cent of gross domestic product on health

Budget 2021: Govt to revise definition of small companies, says FM

The government on Monday said definition of small companies will be revised by raising capital base to Rs 2 crore from the current limit of Rs 50 lakh

Budget 2021 unveils scheme for setting up mega textile parks in India

The government on Monday unveiled a scheme for setting up mega textile parks in the country, as part of the Centre's efforts to position India as a fully integrated, globally competitive manufacturing and exporting hub for the sector. Finance Minister Nirmala Sitharaman made the announcement while presenting the Budget 2021-22 in Parliament. "A scheme of mega investment textile parks will be launched in addition to the PLI scheme," Sitharaman said. She informed that 7 mega textile parks will be launched in three years as part of the scheme. The mega textile parks will have integrated facilities and quick turnaround time for minimizing transportation losses, eyeing big-ticket investments in the sector. The textile ministry had recently said a scheme and a Mega Integrated Textile Region and Apparel (MITRA) Park, in over 1,000 acres of land with state-of-the-art infrastructure, common utilities and Research and Development (R&D) lab, are under consideration. So far, 59 textile parks