Page 28 - Development Cess News Today : Breaking News, Live Updates & Top Stories | Vimarsana

4326 Rs 35,000 cr for Covid vaccine Rs20,000 cr for recap of public sector banks One-year tax holiday for affordable housing projects Tax exemption for notified rental housing projects New economic corridors to boost road infrastructure Disinvestment Policy approved: Bare minimum CPSEs to be retained and the rest will be privatised Pre-filling of returns will also cover capital gains from listed securities, dividend, interest income from PO, banks Additional deduction of Rs1.5 lakh shall be available for loans taken up till March 31, 2022, for purchase of affordable house Defence: 19% hike in...

For a change, no increase in cigarette prices in this year's Budget Experts say the likelihood of a tax hike for tobacco products and cigarettes was low in this year's budget because it was hiked sharply in Budget 2020 Manoj Sharma | February 2, 2021 | Updated 16:57 IST Cigarettes and tobacco currently attract 28 per cent GST In a relief to smokers, no new tax has been announced on cigarette and other tobacco products in this year's Budget. There were speculations before the Budget that the Centre will hike sin tax in order to increase revenue amid financial crunch in wake of coronavirus pan...

Published: Tuesday, February 2, 2021, 11:12 [IST] New Delhi, Feb 02: In a significant development, Union Finance Minister Nirmala Sitharaman, in her Budget 2021 speech, has announced imposition of Agriculture Infrastructure and Development Cess (AIDC) on certain items, including petrol, diesel, gold and some imported agricultural products. The agricultural infrastructure development cess will be applicable from February 2, 2021. Sitharaman also said that care has been taken not to put additional burden on consumers on most items. There is an immediate need to improve agricultural infrastructu...

1. Health and Wellbeing There is substantial increase in investment in Health Infrastructure and the Budget outlay for Health and Wellbeing is Rs 2,23,846 crore in BE 2021-22 as against this year’s BE of Rs 94,452 crore, an increase of 137 percentage. The Finance Minister announced that a new centrally sponsored scheme, PM AatmaNirbhar Swasth Bharat Yojana, will be launched with an outlay of about Rs 64, 180 crore over 6 years. This will develop capacities of primary, secondary, and tertiary care Health Systems, strengthen existing national institutions, and create new institutions, to cate...

Hon’ble Speaker, I present the Budget for the year 2021-2022. 1. Honourable Speaker, the preparation of this Budget was undertaken in circumstances like never before. We knew of calamities that have affected a country or a region within a country, but what we have endured with COVID-19 through 2020 is sui generis. 2. When I presented the Budget 2020-21, we could not have imagined that the global economy, already in throes of a slowdown, would be pushed into an unprecedented contraction. 3. We could not have also imagined then that our people as those in other countries would have to endure...