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Photo Credit: IANS IANSLive New Delhi, Feb 1 (IANS) Ruling out the possibility of a hike in fuel prices after the imposition of Agriculture Infrastructure and Development Cess in the Budget presented on Monday, Union Minister Prakash Javadekar said that the Modi government's budget will take the country forward. To get full access of the story, click here to subscribe to IANS News Service © 2021 IANS India Private Limited. All Rights Reserved. The reproduction of the story/photograph in any form will be liable for legal action. For news, views and gossips, follow IANS at Twitter. Update: 0...

Highlights The rate structure will be comprehensively reviewed in due course She proposed to withdraw exemptions on tunnel boring machine New Delhi: In order to rationalise custom duty structure, ease compliance and give impetus to domestic manufacturing, Union Finance Minister Nirmala Sitharaman on Monday (February 1) several indirect tax proposals, tabling the Union Budget 2021-22 in Parliament. The key Union Budget 2021-22 for the overhaul of the Custom duty structure are given here along with other proposals.  1. FURTHER SIMPLIFICATION OF GST FM Sitharaman, in her budget speech, said tha...

Sitharaman also proposed a sharp increase in expenditure on infrastructure, doubling of healthcare spending and raising of the cap on foreign investment in insurance in her Budget for the next fiscal in a bid to pull the economy out of the trough. The Budget made no changes in personal or corporate tax rates but raised customs duties on certain auto parts, mobile phone components and solar panels in order to provide impetus to domestic manufacturing. It also imposed an Agriculture Infrastructure and Development Cess (AIDC) on the import of certain items (like apples, peas, lentils, alcohol, c...

Market experts and jewellery industry welcome duty cut in gold; price falls nearly 2% India is the world’s second-largest gold consumer after China. India is slashing the rate for the first time in eight years to curb smuggling of the yellow metal into the country. February 01, 2021 / 06:23 PM IST Gold prices edged lower to Rs 48,409 per 10 gram as the government reduced customs duty on gold and silver to 7.5 percent from 12.5 percent. However, there will be a 2.5 percent cess -- a separate tax -- on imports on both the metals, called the Agriculture infrastructure and development cess....

Pump priming: India sets massive spending target to unleash growth ​ By IANS | Published on ​ Mon, Feb 1 2021 20:06 IST | ​ 0 Views Kota coaching centres re-opens for students with New Normal norms Image Source: IANS News New Delhi, Feb 1 : Centre will go in for a massive spending spree on infrastructure creation, healthcare, education and demand generation to revive India's pandemic-battered economy. In her third budget presentation to the Parliament, Finance Minister Nirmala Sitharaman proposed to unleash the massive fiscal expansion in 2021-22 on the back of high borrowings, fir...