Sunil Badala & Tarul Jain
India’s economy is still reviving gradually from a Covid-induced crash and all eyes are now on Finance Minister Nirmala Sitharaman, who will present the Union Budget 2021 on February 1. Keeping the fiscal deficit under control and meeting the expectations of investors simultaneously is going to quite a tightrope walk for the FM.
In 2020, the government announced multiple stimulus packages to revive the economy from the Covid impact. India has emerged as an attractive investment destination and the quantum of investment received by India in 2020 has been among the highest among the emerging markets. Most of the world’s emerging markets saw major outflows of foreign investments.
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2020 was a year full of challenges for livelihoods and the overall economy of the country, sparked by the COVID-19 pandemic. According to the
National Statistical Office (NSO), India s GDP is estimated to contract by a record 7.7 percent during 2020-21 fiscal as the pandemic severely hit key manufacturing and services segments.
The Union Ministry of Finance is all set to roll out additional measures to revive the slowing economy, post the Rs 20 lakh crore COVID-19 relief package announced in May 2020.
Budget 2021 could give tax sops to boost spending, extend LTC cash voucher scheme: EY
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Budget 2021 could give tax sops to boost spending, extend LTC cash voucher scheme: EYBy Shalini Jain, ET CONTRIBUTORS
Last Updated: Jan 20, 2021, 05:43 PM IST
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In every budget, the government is faced with the task of introducing measures to meet its revenue needs and at the same time cater to the taxpayers expectations for relief from taxes. Given the unprecedented times, the need to balance these requirements is much more than ever in this budget.
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The Finance Minister has indicated that Budget 2021 will be a budget like never before as the government looks to steer the pandemic battered economy and push growth. The FM has also mentioned that investment in health will be the top priority for the government in Budget 2021.
Retail investors eye Budget 2021 with lot of hope: 3 expectations from the Finance Minister
With an economy that is gradually reviving from a COVID-induced slump, all eyes will be on the Finance Minister, Nirmala Sitharaman, who will present the Union Budget on February 1. January 12, 2021 / 10:30 AM IST
The year 2020 was a roller coaster ride for investors, but benchmark indices managed to close the show with handsome return of about 15 percent each. The big winners of 2020 were the small & midcaps which will continue to remain in focus in 2021, suggest experts.
Despite a muted Budget for the stock market in the year 2020, retail investors jumped on D-Street. Data suggest that about 10 million new Demat accounts were opened last year amid the coronavirus outbreak which gave retail investors the extra time to study and manage stocks, according to media reports.
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