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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 Representative image (PC- MoneyControl.Com) 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 ...

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 Representative image (PC- MoneyControl.Com) 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 t...

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 Representative image (PC- MoneyControl.Com) A Boston-based India-centric chamber of commerce on Monday said...

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

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 Representative image (PC- MoneyControl.Com) 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 o...