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Select Board receives notifications, approves licenses

WILMINGTON — During the Select Board meeting on Monday, Dec. 11, the board received communications from the temporary town manager, DPW director, IT director, and director of accounts from the

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In Push For Privatisation, Create Fair Markets And Competition

In push for privatisation, create fair markets and competition
It is not ownership but governance which should impact businesses. Unfortunately, successive governments have not been able to reform the governance mixing it with ownership
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In Budget 2021, Finance Minister Nirmala Sitharaman announced a disinvestment (privatisation) programme worth Rs 1.75 lakh-crore. The privatisation programme, especially of the two public sector banks, has ruffled feathers in Parliament. This led Prime Minister Narendra Modi to remark in the Lok Sabha that the ‘culture of abusing the private sector is no longer accepted’.
Modi’s remark hints towards Indian polity’s long-term mistrust of the private sector for much of India’s history. The polity cannot really be blamed as India’s colonisation began with the East India Company which was nothing but a private company.

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Sensex, Nifty Rally 10% Since Budget Day To Hit Record Highs: What Should Investors Do Now?

Sensex, Nifty rally 10% since Budget Day to hit record highs: What should investors do now?
We would advise investors to use the rally in the markets to restructure their portfolio and exit stocks that have balance-sheet or corporate governance issues, suggest experts.
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The blockbuster Budget 2021 not just brought a bonanza for the economy but for investors as well. Investors’ wealth, in terms of the market-capitalisation of the BSE-listed companies, rose by more than Rs 11 lakh crore since January 29, 2021.
Both Sensex and Nifty50 have rallied by more than 10 percent each since Budget to touch a lifetime high of 51,514, and 15,153, respectively, on February 8.

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How The Government Resisted Populist Temptations To Create A Growth Budget

How the government resisted populist temptations to create a growth Budget
Economy in tatters, a raft of sectors batted by the virus crying for help, plenty of lobbying from all quarters. Yet the policymakers stuck to the task of creating a Budget affixed on growth goals. A behind-the-scenes look at what went into the making of Budget 2021.
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In an ordinary year, the work on an upcoming Budget begins by October. It gradually ramps up by December, when most of the publicised pre-Budget meetings take place, and attains fever-pitch until the finance minister of the day presents the Budget on February 1.

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Budget 2021: Multiple Amendments To Change Course Of Indirect Taxes

Budget 2021: Multiple amendments to change course of indirect taxes
The text of the Finance Bill, 2021 reveals that the cess is dedicated for “purposes of financing the agriculture infrastructure and other development expenditure”.
Mukesh Bhutani
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The Finance Minister’s announcements on February 1, 2021 have been large and widespread. There are substantial changes in the text of tax laws which affect all classes of indirect taxes such a GST, Customs and even the no longer commonly applicable Central Excise laws. In this article, we seek to examine the major changes as they affect the industry and common man alike.

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Budget 2021 | Three Major Omissions In The Education Sector

Budget 2021 | Three major omissions in the education sector
Budget 2021 fails to prioritise children’s right to education with no additional support for safe reopening of schools and re-enrolment of out-of-school children
Ankit Vyas
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The year 2020 saw two historic events in Indian school education. The first was the release of a National Education Policy (NEP) after 34 years. The second was the large scale closure of schools due to COVID-19, affecting 270 million children. Thus, there were expectations that the Budget 2021 would provide financing on both fronts, to make the NEP an implementable plan, and additional resources to prevent dropouts and support safe reopening of schools.

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Over 50 Stocks, Excluding PSU Banks, Can Benefit From The Budget Announcements

Over 50 stocks, excluding PSU banks, can benefit from the Budget announcements
Healthcare, insurance, banking & financials, textile, auto, oil & gas and agriculture among other sectors also seen included in the growth-oriented budget.
Sunil Shankar Matkar
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The Union Budget 2021 presented by the Finance Minister Nirmala Sitharaman is really a big game changer in terms of economic revival in India, especially post the COVID-19 damage, experts feel.
The government has estimated fiscal deficit at 6.8 percent of GDP in FY22 and 9.5 percent in FY21. The Budget increased the capital expenditure by 35 percent for FY22 over FY21 to revive the economy, and largely focussed on infrastructure (including roads, railways, National Infrastructure Pipeline, ports, power etc).

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Union Budget 2021: Why Customs Duty Cut On Steel Imports May Not Impact Steelmakers

Seshagiri Rao, Jt MD and Group CFO, JSW Steel, lists reasons why imports won't undermine the domestic market

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Thrust On Infrastructure Will Boost Growth, Generate Jobs: US Chamber Of Commerce On India's Budget

Thrust on infrastructure will boost growth, generate jobs: US chamber of commerce on India's budget
The finance minister has done a remarkable job in presenting a growth-focussed budget during the unprecedented COVID-19 pandemic-hit circumstances, president of the USA India Chamber of Commerce Karun Rishi said, adding that the budget is transparent and has rationalised the off-balance-sheet borrowings and headlined fiscal deficit numbers.
PTI
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A Boston-based India-centric chamber of commerce on Monday said the increase in healthcare outlay in the latest annual budget will lead India towards a healthier country and the thrust on infrastructure will boost growth and generate jobs.

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Budget 2021: FM Nirmala Sitharaman Opens Government Purse-strings To Re-build India

Stating that fighting the COVID-19 pandemic remains the Centre’s biggest priority, Finance Minister Nirmala Sitharaman proposed to set aside Rs 2.46 lakh crore for healthcare, with Rs 35,000 crore earmarked for the coronavirus vaccine programme.

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