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India's Budget points to a loosening of fiscal policy: Fitch Ratings

Read more about India's Budget points to a loosening of fiscal policy: Fitch Ratings on Business Standard. The Budget points to a loosening of fiscal policy to support the country's ongoing economic recovery from the pandemic and will consequently lead to a rise in public debt, Fitch said

India , Nirmala-sitharaman , Fitch-ratings , Food-corporation-of-india , Bank-nationalisation , Indias-budget , Union-finance-minister-nirmala-sitharaman , Food-corporation , Bank-nationalisation-act , Budget-2021-highlights , Budget-2021-updates , Budget-2021-news

Congress MP presses for increasing Budget discussion time from 10 to 12 hrs

As the Rajya Sabha proceedings began on Wednesday, Congress Member of Parliament (MP) Jairam Ramesh said that the time to discuss the Union Budget should be increased from 10 to 12 hours.
"There is a lot of interest among the members in discussing the Budget. My suggestion is that increase the time to debate the Budget from 10 hours to 12 hours," said Ramesh.
The chairperson M Venkaiah Naidu said that "he will see into it".
The House also gave obituary reference and observed silence in respect of Mahendra Bahadur Singh who represented Madhya Pradesh.
Rajya Sabha proceedings began for the day chaired by M Venkaiah Naidu. The first part of the budget session will conclude on February 13.

Madhya-pradesh , India , Nirmala-sitharaman , Rajya-sabha , M-venkaiah-naidu , Congress-member-of-parliament-mp-jairam-ramesh , Union-budget , Congress-member , Jairam-ramesh , Mahendra-bahadur-singh , Union-finance-minister-nirmala-sitharaman , Budget-discussion

Parliament LIVE Updates: Citizenship Amendment Act rules 'under preparation', MHA tells Rajya Sabha; Centre gets time till July

Lok Sabha proceedings to continue till 12.30 am
Speaker of the Lok Sabha Om Biral extended Wednesday's sitting till 12.30 am. We will be back with Parliament coverage in the morning. You can track the proceedings of the Lower House from below:
Feb 10, 2021
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23:55 (IST)
BSP MP says farm laws should be repealed
BSP's Shyam Singh Yadav says if prime minister is pradhan sevak, he should meet farmers, heed to their demands and repeal 'black laws'. He says other things have been added to health budget. He also bring up the plight of migrant workers in the coronavirus induced lockdown. If the prime minister says MSP was, is and will remain then what is the problem in bringing it as a legal provision, he asks.

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Opposition slams govt in Lok Sabha for ignoring 'aam admi' in budget

The Opposition slammed the government in the Lok Sabha on Wednesday for ignoring the "aam admi" and showing insensitivity towards agitating farmers in the budget proposals for 2021-22, which were unveiled by Finance Minister Nirmala Sitharaman earlier this month.
"The aam aadmi has been let down totally in the last seven years...and the budget has betrayed his most fundamental aspirations," Congress member Shashi Tharoor said while initiating the general discussion on the Union Budget.
The finance minister has neither played defensive nor hit the ball, he said, adding, "She has just run out of ideas. You cannot cross the sea but just keep staring at it."

Thiruvananthapuram , Kerala , India , China , Na-jawan , Jammu-and-kashmir , Delhi , Bharat , Nirmala-sitharaman , Narendra-modi , Shashi-tharoor , Meenakshi-lekhi

Parliament LIVE Updates: TMC, Congress MPs give adjournment notices in Lok Sabha over farmers' protest

Parliament LATEST Updates
Feb 08, 2021
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23:48 (IST)
Parliament LATEST Updates
andolan jeevi'
Shiv Sena MP Sanjay Raut on Monday took a dig at Prime Minister Narendra Modi over the prime minister's use of the term "
andolan jeevi", or those who survive on protests, during his address inthe Rajya Sabha and sought to associate himself with the expression.
The Rajya Sabha MP shared a photograph of him and farmers leader Rakesh Tikait on Twitter and said in Hindi on the micro-blogging site, "Say with pride..we are all andolanjeevi...jai jawan, jai kisaan."
The photograph was taken when Raut met Tikait at the Ghazipur protest site outside Delhi on 2 February to express solidarity with farmers agitating against the Centre's new agri-marketing laws.

Budget-2021 , Budget-2021-news , Farmers-protest-parliament-news , Farmers-protest , Lok-sabha , Lok-sabha-live , Lok-sabha-live-news , Newstracker , Parliament , Parliament-live , Parliament-live-news

Measures envisaged in Budget 2021-22 will boost startups: Secretary DPIIT

Department for Promotion of Industry and Internal Trade (DPIIT) Secretary, Ministry of Commerce and Industry, Guruprasad Mohapatra on Friday said that the measures envisaged in the Budget for 2021-22 will further boost the Start-ups in the country.
In a press briefing held here, Dr. Mahapatra said that measures such as Incentivizing incorporation of One Person Companies (OPCs) directly benefits Startups and Innovators in the country, according to an official release.
The budget incentivizes the incorporation of One Person Companies (OPCs) by amending the Companies (Incorporation) Rules to allow OPCs to grow without any restrictions on paid-up capital and turnover, allowing their conversion into any other type of company at any time, reducing the residency limit for an Indian citizen to set up an OPC from 182 days to 120 days and also allow Non-Resident Indians (NRIs) to incorporate OPCs in India.

India , Seed-fund , Person-companies-opcs , Department-for-promotion-of-industry , Ministry-of-commerce , Companies-incorporation , National-credit-guarantee-trustee-company-ltd , Credit-guarantee-fund , Public-company , Person-company , Internal-trade

Parliament LIVE Updates: India is being called 'internet shutdown capital' of world, Congress MP says in RS

Parliament Latest update
Lok Sabha adjourned for the day within 6 minutes of reconvening
Lok Sabha has been adjourned for the day amid Opposition's protests and sloganeering. No legislative business was conducted today, but the Question Hour could be held for about 15 minutes. Some members also managed to lay papers on the table of the House amid din
Feb 05, 2021
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17:06 (IST)
Parliament Latest update

Describing the 2021-22 Budget a "booster rocket" for the economy, BJP leader Jayant Sinha on Friday said it will place India on the path of non-inflationary growth and make this decade "Roaring 20s" for the country. This Budget has focused on supply-side investment and this is going to ensure that the country has a non-inflationary growth for very long period of time, Sinha, who chairs the Parliamentary Standing Committee on Finance, said.

India , Red-fort , Delhi , Congres-anand-sharma , Congres-anand , Anand-sharma , Citizenship-amendment-act , Budget-2021 , Budget-2021-news , Dereko-brien , Farm-laws

Budget 2021 creates investment opportunities, from infra to healthcare

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India's massive borrowing puts RBI under pressure to keep yields in check

India’s central bank is under pressure to step in to keep yields in check after the government surprised bond markets with a bigger-than-expected borrowing plan.
That puts the burden on Governor Shaktikanta Das to calm the bond traders when he meets to decide policy on Friday. He’s already had to assuage them that a recent measure to mop up excess liquidity isn’t a step toward changing the RBI’s accommodative policy and the central bank has rejected bids at two auctions of benchmark debt after investors sought higher yields.
India will borrow a gross Rs 12 trillion ($164 billion) via bonds in the fiscal year beginning April, Finance Minister Nirmala Sitharaman said on Monday, higher than the Rs 10.6 trillion estimated in a Bloomberg survey. Bonds sold off on the announcement, with the benchmark 10-year yield rising 16 basis points to 6.06 per cent while the 5.15 per cent 2025 bond yield rose 27 basis points.

Mumbai , Maharashtra , India , Nirmala-sitharaman , Anoop-verma , Soumyajit-niyogi , Shaktikanta-das , Bank-ltd , Bloomberg , India-ratings-research , Bonds , Governor-shaktikanta-das

PSU divestment, LIC IPO, fiscal deficit: How brokerages read Budget 2021

Markets have been on fire after Finance Minister Nirmala Sitharaman presented Budget proposals for fiscal 2021-22 (FY22) with the S&P BSE Sensex surging over 3,300 points in just two sessions. Most brokerages have given a thumbs-up to the proposals, calling them ‘pro-growth’ that will entail a capex-driven revival of Covid-19 impacted Indian economy, even though fiscal deficit and the borrowing programme of the government for the next financial year came in a tad higher-than-expectation.
Divestment of select public sector banks (PSBs) and one general insurance company, initial public offer (IPO) of Life Insurance Corporation (LIC), Air India, tax rationalisation of dividends of foreign portfolio investors (FPIs) and bringing them at par with treaty rates coupled with no new taxes for investment in capital markets are some of the proposals that have propped up markets.

India , Nirmala-sitharaman , Air-india , Credit-suisse , Life-insurance-corporation , Motilal-oswal-financial-services , Finance-minister-nirmala-sitharaman , Real-estate , Budget-2021 , Budget-2021-news , Fm-speech-highlights , Budget-updates