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Budget 2021: Hits & Misses

Budget 2021: Hits & Misses
Check out the Hits & Misses of the Union Budget 2021-22 in this quick chat with Mr Dilip Oommen, CEO, ArcelorMittal/Nippon Steel India and Moneycontrol's Prince Thomas
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Budget 2021 live updates | Nirmala Sitharaman to present Union Budget at 11 a.m.

Budget 2021 updates | No change in IT slabs, new cess introduced
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Updates from the Parliament as Finance Minister Nirmala Sitharaman presents her third Union Budget.
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Union Finance Minister Nirmala Sitharaman with MoS Anurag Thakur as they leave from their office for Parliament House to present the General Budget for 2021-2022, in New Delhi on February 1, 2021.
| Photo Credit: Shiv Kumar Pushpakar
Updates from the Parliament as Finance Minister Nirmala Sitharaman presents her third Union Budget.
Top Developments
Big chunk allocation for health
Disinvestment target at Rs. 1.75 lakh crore, 2 PSBs and one insurer to be divested
Initial Public Offering for LIC soon

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Union Budget 2021 Income Tax announcement Live new slabs, more exemptions under 80C, 80D

What is new income tax slab for 2021-22?
In the last few years, the Modi government has so far pushed for a rebate on all payable taxes but didn't change the slabs. In the previous Budget, Sitharaman had offered an optional lower rate of income tax to individuals as she introduced new tax slabs of 15 per cent and 25 per cent in addition to the existing 10 per cent, 20 per cent and 30 per cent. The new I-T slabs, which came into effect on April 1, 2020, are for individuals not availing of certain specified deductions or exemptions.
What is the 80C limit for 2020-21?

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Budget 2021: FM Nirmala Sitharaman announces vehicle scrappage policy

Presenting her third budget in Parliament, FM Sitharaman stated that under the voluntary vehicle scrapping policy, personal vehicles would undergo a fitness test after 20 years, whereas commercial vehicles would need to take it after completing 15 years

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FM Nirmala Sitharaman announces Rs 25,000 crore for highways in poll-bound West Bengal

Proposing highway infra work including awarding 8,500-km of highways by March 2022, FM Sitharaman further announced highway projects in Tamil Nadu, Kerala, and Assam

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Breaking: No need for senior citizens above 75 years with only pension, interest income to file ITR

In a major move, FM Sitharaman reduced the time limit for reopening of income tax assessment cases to three years from six years, while for serious tax fraud cases where concealment of income is Rs 50 lakh or more it would be 10 years

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Budget 2021: Capex target raised to Rs 5.54 lakh cr in FY22

The capital expenditure target for upcoming fiscal is 34 per cent higher than the current financial year's target of Rs 4.39 lakh crore

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Budget 2021 today Finance Minister Nirmala Sitharaman economic vaccine bahi khata

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Finance Minister Nirmala Sitharaman to present Budget 2021 today
Finance Minister Nirmala Sitharaman on Monday will deliver her promised budget, which is expected to provide relief to the pandemic-hit common man as well as focus more on driving the economic recovery through higher spending on healthcare, infrastructure and defence amid rising tensions with neighbours. As India emerges from the COVID-19 crisis, the ninth budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.

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Budget 2021: Customs duty on gold, silver to be reduced to 7.5%

Budget 2021: Customs duty on gold, silver to be reduced to 7.5%
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Union Budget 2021 | Nirmala Sitharaman announces a vehicle scrapping policy to phase out old vehicles

Union Finance Minister Nirmala Sitharaman, in her Budget speech for 2021- 22 has proposed a vehicle scrapping policy as an initiative to tackle the burdening problem of air pollution.Ms. Sitharaman sa

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