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Budget 2021: Farming Community Divided, Call It 'interim' Budget For Agriculture


Budget 2021: Farming community divided, call it 'interim' budget for agriculture
In Budget 2021, FM Nirmala Sitharaman introduced an agri infra and development cess of up to 100 percent to create post-harvest infrastructure for improving farmers' income.
(Image: AP)
The farming community is divided over the Union Budget 2021 unveiled by Finance Minister Nirmala Sitharaman on February 1. While on the one hand, the FM proposed a 10 percent hike in the farm loan disbursal target to Rs 16.5 lakh crore, the allocation for the Department of Agriculture, Cooperation and Farmers Welfare was slashed by 8.5 percent.
Similarly, the flagship PM-KISAN scheme also saw a 13 percent drop in the budget, which is Rs 10,000 crore less than the last year’s initial allocation.

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Budget 2021: FM Nirmala Sitharaman announces vehicle scrappage policy

Presenting her third budget in Parliament, FM Sitharaman stated that under the voluntary vehicle scrapping policy, personal vehicles would undergo a fitness test after 20 years, whereas commercial vehicles would need to take it after completing 15 years

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FM Nirmala Sitharaman announces Rs 25,000 crore for highways in poll-bound West Bengal

Proposing highway infra work including awarding 8,500-km of highways by March 2022, FM Sitharaman further announced highway projects in Tamil Nadu, Kerala, and Assam

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Breaking: No need for senior citizens above 75 years with only pension, interest income to file ITR

In a major move, FM Sitharaman reduced the time limit for reopening of income tax assessment cases to three years from six years, while for serious tax fraud cases where concealment of income is Rs 50 lakh or more it would be 10 years

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Budget 2021: Customs duty on gold, silver to be reduced to 7.5%

Budget 2021: Customs duty on gold, silver to be reduced to 7.5%
origin-businesstoday.intoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from origin-businesstoday.intoday.in Daily Mail and Mail on Sunday newspapers.

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Union Budget 2021 In Photos: Finance Min Sitharaman Presents First Paperless Budget on a Tablet


PHOTOGALLERY
Union Budget 2021 In Photos: Finance Min Sitharaman Presents First Paperless Budget on a Tablet
Here is the tablet that Union Finance Minister used to present the first paperless budget, in pictures.
Tech | News18.com | February 1, 2021, 11:54 am
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Union Finance Minister Nirmala Sitharaman presented the Union Budget in the parliament today. This year, just like last year, the Union Finance Minister broke away from the older tradition, in order to present the budget in a paperless form, on a tablet. Last year, Sitharaman had presented the Union Budget in a traditional 'Bahi Khaata', which was also a move away from the age-old tradition of the Budget arriving in a suitcase. (Image Credit: Twitter/ ANI)

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Breaking: FM Nirmala Sitharaman reduces customs duty on stainless steel

FM Sitharaman, in her budget speech, revoked AD (anti-dumping duty) and CVD (Countervailing duty) on certain steel products and reduced duties on copper scrap from 5% to 2.5%

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Budget 2021: 7 textile parks to be set up over 3 years, announces FM


Budget 2021: 7 textile parks to be set up over 3 years, announces FM
This will create a world-class infrastructure with plug-and-play facilities to enable create global champions in export, FM Sitharaman added
BusinessToday.In | February 1, 2021 | Updated 14:26 IST
Finance Minister Nirmala Sitharaman has announced that seven textile parks will be set up across the country over three years. This will create a world-class infrastructure with plug-and-play facilities to enable create global champions in export, FM Sitharaman added.
"To enable the textile industry to become globally competitive, attract large investments and boost employment generation, a scheme of Mega Investment Textiles Parks (MITRA) will be launched in addition to the PLI scheme," the Finance Minister said.

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