Page 30 - Revised Estimates News Today

Union Budget 2021 | Culture Ministry budget cut by nearly 15% Updated: Updated: The Ministry has been allocated ₹2,687.99 crore. Share Article AAA A view of the Vellore Fort, which is under the Archaeological Survey of India.   | Photo Credit: C. Venkatachalapathy The Ministry has been allocated ₹2,687.99 crore. The Culture Ministry’s expenditure budget for 2021-2022 was cut by nearly 15% compared to the Budget Estimates (BE) for 2020-2021, according to the Budget documents tabled by...

Budget 2021 | Government targets gross tax revenue of Rs 22.17 lakh crore in FY22 The Centres net tax revenue for FY22 has been pegged at Rs 15.45 lakh crore. Corporate tax collection for FY22 has been pegged at Rs 5.47 lakh crore, personal income tax at Rs 5.61 lakh crore and revenue from Goods and Services Tax (GST) at Rs 6.3 lakh crore. February 01, 2021 / 05:27 PM IST We propose to divest two PSU banks and one general insurance company in FY22. Further, divestments of BPCL, CONCOR, Pawa...

Government confident of achieving targets set in Budget 2021-22: DEA secretary Tarun Bajaj Finance minister Nirmala Sitharaman said the Centre is targeting a fiscal deficit of 6.8 percent of gross domestic product (GDP) for FY22, which will gradually come down to below 4.5 percent by FY26. This will require amendments to the Fiscal Responsibility and Budget Management Act February 01, 2021 / 07:12 PM IST India will be able to adhere to the budgeted fiscal deficit target of 6.8 percent of g...

February 01, 2021 The Government’s subsidies on food, fertiliser and petroleum are pegged at ₹3,35,361-lakh crore for 2021-22, about 43 per cent lower than the Revised Estimates for the current fiscal’s ₹5,95,355 crore. However, the overall subsidy bill for 2021-22 is estimated higher than the budget estimates of 2020-21 pegged at ₹2,27,794 crore. The revised food subsidy bill saw a major increase in 2020-21 as the Centre provided free ration to the beneficiaries to mitigate the impac...

2021-02-01 11:35:57 GMT2021-02-01 19:35:57(Beijing Time) Xinhua English Video Player Close NEW DELHI, Feb. 1 (Xinhua) -- Indias fiscal deficit stood at 9.5 percent of its Gross Domestic Product (GDP) for the fiscal year 2020-21 (April 2020-March 2021), mainly because of the sharp rise in government expenditure to combat the COVID-19 pandemic over the past year, said the countrys Finance Minister Nirmala Sitharaman. Announcing the Budgetary proposals for the 2021-22, Sitharaman also propo...

Spending more to stimulate growth Finance Minister Nirmala Sitharaman and her Budget team   -  Kamal Narang× An attempt has been made for a fiscal framework that is both credible and acceptable. But worries remain on fiscal deficit The current fiscal year is perhaps the worst since Independence. CSO expects the economy to shrink by 7.7 per cent. With the Covid-19 epidemic receding, there were two expectations from the Budget. One was to provide a stimulus to economic growth and the other to...

In a situation of heavy pressure on the economy, while also confronting an intrusion by Chinese troops on the border in Ladakh, the government has kept the defence budget at approximately the same level as the current year, allocating Rs 4.78 trillion for 2021-22. The revised estimates for 2020-21 indicate that the military has spent Rs 4.84 trillion this year, a significantly higher amount than what was allocated in February 2020. The reason for this is learnt to be the emergency procureme...

Nirmala goes for broke to push growth Pushes expenditure on infrastructure for a trickle-down effect across economy In the end, it was neither the flamboyance of a Rishabh Pant nor the doggedness of a Cheteshwar Pujara that was on display in the Union Budget 2021-22 presented by Finance Minister Nirmala Sitharaman. On exhibition was a judicious blend of aggression and caution that is more the style of an Ajinkya Rahane. And the spectators in the stock market applauded pushing the BSE Sensex u...

Batting on the front foot | Updated on A Budget for unprecedented times   -  THE HINDU× The Budget has abandoned fiscal conservatism to give growth a meaningful push Finance Minister Nirmala Sitharaman was faced with the difficult choice of either clamping down on fiscal spending and halting the fledgling economic recovery, or continuing to spend while relying on over-burdened taxpayers to foot the bill. She chose neither option but yet managed to deliver a pro-growth Budget by choosing to ...

Jayati Ghosh   |     |   Published 02.02.21, 12:04 AM There is one central message of the Narendra Modi government to the people of India from Budget 2021-22: you will have to be ‘ atmanirbhar’ because you’re on your own. The Central government does not have your back. In the midst of the worst health and economic crisis the country has faced since Independence, it will not protect ...