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Budget 2021: How no new taxes, COVID cess will ensure stability in system With a fiscal deficit of 9.5% of GDP, there was limited scope for any significant tax concessions in Budget 2021 Tarun Arora | February 2, 2021 | Updated 13:08 IST Budget 2021 shows stability in the tax regime and it is good that no new taxes were introduced Union Budget 2021 has proposed significant policy measures and budgetary allocations to the healthcare and infrastructure sectors.  Coupled with the sharp increase in capital expenditure, these measures would give the much-needed boost to the Indian economy.   W...

Owing to deep impact on the Indian economy due to outbreak of Covid-19, the central government announced several schemes and relaxations during 2020 to boost and strengthen the economy. In the backdrop of Covid-19 cases reducing and economic recovery from third quarter, the Union Budget 2021 was presented by the Finance Minister (FM) with expectation to provide impetus to the recovery process and lay the ground for a double-digit growth target. The major focus of the Hon’ble FM has been on building the infrastructure and healthcare sector of the country by substantially increasing the allo...

The print and film exhibition sectors need special attention. 01 Feb, 2021 - 08:35 AM IST     |     By Gargi Sarkar     KOLKATA: With Covid2019 vaccination programmes being rolled out in the country, the first ray of hope for a normal life shone in the new year. As the government is all set to present the 2021-22 budget today, the Indian Chamber of Commerce expects it could come as an economic vaccine for the derailed Indian economy. Like many other sectors, the media and entertainment industry is also pinning its hopes for a revival on the Union Budget. KPMG India corporate and i...

India needs more disruptive reforms to unlock its startup potential × In the wake of the mini Budgets presented last year, and responding to the clarion call for Atmanirbharta (self-reliance) by PM Modi, it was no surprise that Budget 2021 focused on economic recovery and job creation, on health and well-being, capital and infrastructure, inclusive development, reinvigorating human capital, innovation and R&D, and minimum government and maximum governance. It was a very pleasant surprise to see the FM present the first digital Budget from a Made in India tablet, which bears testimony to the ...

Budget 2021: Tax relief high on tech sector's wishlist this year Given the strategic importance of the technology sector, it is important to ensure that the government continues to support this sector through favourable policies The current COVID-19 pandemic has further accelerated the rate of technology adoption across sectors India is one of the biggest and fastest growing digital markets in the world. The number of internet subscribers in India currently stands at around 740 million, and an estimated 60% of the population is expected to use the internet by 2022, and by 2025, India's digita...