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Budget 2021: Hike in infra spending, tax cuts likely to boost COVID-19 hit economy

Budget 2021: Hike in infra spending, tax cuts likely to boost COVID-19 hit economy
Nirmala Sitharaman is likely to increase spending by more than 15% year-on-year in 2021-22 with an emphasis on infrastructure and healthcare, say senior officials and advisers involved in budget preparation
Reuters | February 1, 2021 | Updated 08:40 IST
Prime Minister Narendra Modi has said the budget will be in continuation of government efforts to revive sectors impacted by pandemic, which has hit all economic activities and led to millions of job losses mainly in small businesses
India's finance minister is likely to announce measures including a hike in infrastructure spending and tax cuts to boost the pandemic-hit economy when she presents the annual budget later on Monday, while deferring debt cut plans. Nirmala Sitharaman is likely to increase spending by more than 15% year-on-year in 2021-22 with an emphasis on infrastructure and healthcare, say senior officials and advisers involved in budget preparation.

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Income Tax Slab 2021-22 LIVE Updates: Focus on Putting More Money in Taxpayers' Hands, Govt Promises to Meet Expectations

»No Change in Tax Structure a Sign of Swift Fiscal Consolidation: Budget 2021 gets a Thumbs Up From Industry Experts
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No Change in Tax Structure a Sign of Swift Fiscal Consolidation: Budget 2021 gets a Thumbs Up From Industry Experts
Union Budget 2021-22 was presented today by finance minister Nirmala Sitharaman.
Surprising everyone, especially the markets which closed with the biggest Budget-day gains of 5 per cent, the Union Budget 2021 left all taxes unchanged barring for some cess to fund the farm sector or increase any direct taxes.
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Surprising everyone, especially the markets which closed with the biggest Budget-day gains of 5 per cent, the Union Budget 2021 left all taxes unchanged barring for some cess to fund the farm sector or increase any direct taxes. All it did was tweak the customs and excise duties on certain products to rationalise them.

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Three things FM Sitharaman should do in Budget to empower the marginalized populations

Updated Jan 25, 2021 | 10:46 IST
To increase effective demand in the economy and also economically empower the marginalized populations in rural and urban areas, the following measures are suggested for the forthcoming budget.
Representational image
New Delhi: In the context of the ensuing budget presentation on February 1, the size of fiscal deficit, apart from other indicators, will be keenly watched and commented upon by public finance experts. Fiscal deficit, a somewhat technical term, needs to be understood unambiguously to grasp its significance in the annual budgetary exercise.
Fiscal deficit, an internationally used concept, shows the excess of all expenditure, both revenue and capital, over revenue receipts plus non-debt capital receipts. Thus, Fiscal deficit = Total expenditure – (Revenue receipts + Non-debt capital receipts).

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Budget 2021: Govt likely to formulate dedicated policies for toys sector

Budget 2021: Govt likely to formulate dedicated policies for toys sector
Union Budget 2021 expectations: India reportedly has a very low share in the global toys market and accounts for less than 0.5 per cent of international demand at $100 million
BusinessToday.In | January 24, 2021 | Updated 13:21 IST
In India, the toys industry is largely in the unorganised sector and comprises about 4,000 small and medium enterprises
The government is likely to announce the formulation of a dedicated policy for the toys sector in the Union Budget 2021-22. This policy will help in boosting domestic manufacturing and in creating a robust ecosystem for the sector in India and also to attract startups.

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