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Railways allocated ‘record’ Rs 1.10 lakh crore; to focus on National Rail Plan 2030 PTI New Delhi: The Railways has been allocated a ‘record’ Rs 1.10 lakh crore in the Union Budget. Out of it, Rs 1.07 lakh crore accounts for capital expenditure, Finance Minister Nirmala Sitharaman said Monday.  While the allocation in 2021-22 has been termed as a ‘record’ for the the Railways, it had a slightly higher allocation of Rs 1.11 lakh crore in the revised budget of 2020-21. The national carrier will monetise the upcoming ‘Dedicated Freight Corridor’ (DFC) assets for op...

Nirmala goes for broke to push growth Pushes expenditure on infrastructure for a trickle-down effect across economy In the end, it was neither the flamboyance of a Rishabh Pant nor the doggedness of a Cheteshwar Pujara that was on display in the Union Budget 2021-22 presented by Finance Minister Nirmala Sitharaman. On exhibition was a judicious blend of aggression and caution that is more the style of an Ajinkya Rahane. And the spectators in the stock market applauded pushing the BSE Sensex up by 5 per cent, or 2,314 points, the third highest rise ever seen on a Budget day in the market bel...

Jayati Ghosh   |     |   Published 02.02.21, 12:04 AM There is one central message of the Narendra Modi government to the people of India from Budget 2021-22: you will have to be ‘ atmanirbhar’ because you’re on your own. The Central government does not have your back. In the midst of the worst health and economic crisis the country has faced since Independence, it will not protect you. It will not spend more to enable food security and employment security, even though its own law...

Smart roads, dedicated toilets for third gender, public e-charging stations, drinking water fountains, sewage treatment plants, setting up of an Integrated Command and Control Centre and not imposing any new tax for the next financial year, are among the plans listed by the New Delhi Municipal Council (NDMC) in its annual budget announced on Wednesday. The civic body's chairman Dharmendra, presented a budget with a moderate surplus of Rs 136.18 crore in the current financial year and Rs 172.47 crore for financial year 2021-22 reflecting its commitment to a well governed and financially sust...

Source: Highlights The economy is projected to contract by a massive 10.3 per cent this year, according to an IMF forecast Even the Reserve Bank of India expects the economy to shrink by 9.5 per cent in the current financial year As per the finance ministry schedule, the nearly one-month long exercise to finalise the Revised Estimate for 2020-21 and Budget Estimate for 2021-22 began today New Delhi: The Finance Ministry on Friday kicked off the exercise to prepare the annual Budget for 2021-22 amid the urgency to push economic growth hit by the COVID-19 pandemic. The upcoming Budget will be c...