Key opposition parliamentarian Rahul Gandhi has warned that Prime Minister Narendra Modi s new farm laws will not only affect farmers, but also the middle class and.
Budget 2021: Here's what the pandemic-hit middle-class could expect from Modi government - Union Finance Minister Nirmala Sitharaman has promised a “never before” like Union Budget with a focus on reviving the battered economy.
Updated: Jan 18, 2021, 01:02 PM IST
7th Pay Commission: In a good news for 50 lakh employees and 61 lakh pensioners of the Central government, Prime Minister Narendra Modi-led government at the Centre has reportedly decided to hike Dearness Allowance (DA) and Dearness Relief (DR) as per the current 28 percent rate of inflation.
According to reports, the Centre has decided to increased dearness allowance (DA) by 4 percent. If the reports come true then it means that the DA of employees of Central government will increase from 17 percent to 21 percent. The reports claimed that the benefit of the dearness allowance (DA) will start coming from January. It is to be noted that there is no official announcement made by Centre in this matter so far.
WHAT IS DIRECT TAXES CODE Direct Taxes Code Through Direct Taxes Code (DTC), the government aims to simplify the structure of direct tax laws in India into a single legislation. The DTC will replace the Income-tax Act, 1961, and other direct tax legislation like the Wealth Tax Act, 1957. The first draft Direct Taxes Code Bill was released on August 12, 2009, and then a Revised Discussion Paper (RDP) was in 2010. DTC 2010 was introduced in Parliament and the government formed a Standing Committee of Finance (SCF) to discuss it with various stakeholders. The SCF submitted its report to Parliament in 2012. The government took into account the recommendations of the SCF and a revised version of DTC was released in 2014. However, it lapsed when the NDA government came to power that year.
Union Budget 2021: Know what s in store for Indian Railways this fiscal
The Union Budget and Railway Budget was presented separately in India for 92 years, until Narendra Modi-led government ended the practice in 2016. (Image Source: Twitter/@RailwaySeva)
Updated: Jan 15, 2021, 07:06 PM IST
Finance Minister Nirmala Sitharaman will present the Union Budget 2021 on February 1 for the upcoming fiscal year 2021-22. However, if reports are to be believed then there might not be many big bonanza for the Indian Railways this year. Sources have told Zee News, that this year will see only 3% to 5% increase in the railway budget from last financial year.
The Union Budget and Railway Budget was presented separately in India for 92 years, until Prime Minister-Narendra Modi-led central government ended the practice in 2016.