The Finance Minister, Nirmala Sitharaman, presented her third budget in the parliament on February 01, 2021. Budget 2021 was completely paperless, with the Finance Minister using a ‘Made in India’ tablet instead to present the budget. Throughout the presentation, it was abundantly clear that the government would go on a spending spree to revive the …
Direct and indirect tax expectations from an invariable aspect of the run-up to every Budget. Budget 2021 was more significant in the wake of the coronavirus pandemic and the contraction of the economy over the past year. On the direct taxation front, income tax plays a key role for the common citizen. In a significant …
The much-awaited Budget2021 has gone big on spending in a bid to boost economic revival and growth. But what does it mean for one’s personal finances? Any talk of personal finances needs to focus on three broad areas: investments, taxation and consumption (buying/spending). Investments Bank deposits: If you are worried that your bank deposits may …
The FY2021-22 Union Budget announcement started on a positive note with Finance Minister, Ms. Nirmala Sitharaman quoting Rabindranath Tagore: “Faith is the bird that feels the light when dawn is still dark.” With 2020 being a disastrous year owing to the global pandemic, there were signs of recovery with tax buoyancy over the last few …
Budgets are essential. Let’s assume you have a fixed take-home salary a month. Using the amount at your disposal how can you ensure you cover your cost of housing, health care, food, insurance, debt repayment, and leisure, without running out of money. This is a lot to cover for such a limited amount, and the …
Introduction Most of us function on a limited amount of funds in any given period. Those working as employees and salary workers are likely to only have a certain amount of income they receive every month, which they have to spread out to cater to all their needs, while simultaneously making some savings and investments …
Indian Railways expects the money for the upcoming financial year to expand Vande Bharat train sets, invent new wagons, including one particularly designed to transport lightweight merchandise from small firms, and promote innovative technologies like Hyperloop. There might be a general announcement on the airline’s efforts to minimize its carbon footprint as part of its …
Budget 2022 is approaching, and the sector and experts have a long list of expectations. Experts predict that this Budget will be uniform, with a strong emphasis on the MSME sector, rural economy and social spending. Many people are hoping that the Budget would concentrate on project execution and capital expenditure, which analysts believe took …
As the Indian economy carves a path for itself that moves away from the pandemic-induced slump, the value of the Union Budget 2022-2023 outlined on February 1, 2022, gains credence. This budget is pertinent as it makes clear the foundation for economic growth via public investment. The 2022-2023 budget has given a considerable amount of …
In the Union Budget on Tuesday, Finance Minister Nirmala Sitharaman revealed that the Pradhan Mantri Awas Yojana would build up to 80 lakh houses by 2023. For the construction of these dwellings, the Budget allotted Rs 48,000 crore under PMAY urban and rural. These moves, according to the finance minister, would assist to enhance the …
