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Second part of Parliament's Budget session starts today with Covid measures

The second part of the Budget session of Parliament will commence from Monday with all COVID-19 precautionary measures in place.
The Rajya Sabha will function from 9 am to 2 pm while Lok Sabha will function between 4 pm to 10 pm. The second part of the session will conclude April 8, Lok Sabha Speaker Om Birla had informed.
The Budget Session of Parliament, which commenced with the address of President Ram Nath Kovind on January 29, concluded on February 29. The Union budget was tabled in the Parliament by Union Finance Minister Nirmala Sitharaman on February 1.
The Lok Sabha clocked 99.5 per cent productivity during the first phase of the two-part Budget session of Parliament, Lok Sabha Secretariat said. Birla informed that during the first part of the Budget Session 2021, Lok Sabha sat for 49 hours and 17 minutes against the stipulated time of 50 hours. ....

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Congress MP presses for increasing Budget discussion time from 10 to 12 hrs

As the Rajya Sabha proceedings began on Wednesday, Congress Member of Parliament (MP) Jairam Ramesh said that the time to discuss the Union Budget should be increased from 10 to 12 hours.
There is a lot of interest among the members in discussing the Budget. My suggestion is that increase the time to debate the Budget from 10 hours to 12 hours, said Ramesh.
The chairperson M Venkaiah Naidu said that he will see into it .
The House also gave obituary reference and observed silence in respect of Mahendra Bahadur Singh who represented Madhya Pradesh.
Rajya Sabha proceedings began for the day chaired by M Venkaiah Naidu. The first part of the budget session will conclude on February 13. ....

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Measures envisaged in Budget 2021-22 will boost startups: Secretary DPIIT

Department for Promotion of Industry and Internal Trade (DPIIT) Secretary, Ministry of Commerce and Industry, Guruprasad Mohapatra on Friday said that the measures envisaged in the Budget for 2021-22 will further boost the Start-ups in the country.
In a press briefing held here, Dr. Mahapatra said that measures such as Incentivizing incorporation of One Person Companies (OPCs) directly benefits Startups and Innovators in the country, according to an official release.
The budget incentivizes the incorporation of One Person Companies (OPCs) by amending the Companies (Incorporation) Rules to allow OPCs to grow without any restrictions on paid-up capital and turnover, allowing their conversion into any other type of company at any time, reducing the residency limit for an Indian citizen to set up an OPC from 182 days to 120 days and also allow Non-Resident Indians (NRIs) to incorporate OPCs in India. ....

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India's massive borrowing puts RBI under pressure to keep yields in check

India’s central bank is under pressure to step in to keep yields in check after the government surprised bond markets with a bigger-than-expected borrowing plan.
That puts the burden on Governor Shaktikanta Das to calm the bond traders when he meets to decide policy on Friday. He’s already had to assuage them that a recent measure to mop up excess liquidity isn’t a step toward changing the RBI’s accommodative policy and the central bank has rejected bids at two auctions of benchmark debt after investors sought higher yields.
India will borrow a gross Rs 12 trillion ($164 billion) via bonds in the fiscal year beginning April, Finance Minister Nirmala Sitharaman said on Monday, higher than the Rs 10.6 trillion estimated in a Bloomberg survey. Bonds sold off on the announcement, with the benchmark 10-year yield rising 16 basis points to 6.06 per cent while the 5.15 per cent 2025 bond yield rose 27 basis points. ....

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Union Budget 2021: Nirmala Sitharaman reaches Ministry of Finance

Read more about Union Budget 2021: Nirmala Sitharaman reaches Ministry of Finance on Business Standard. MoS Finance and Corporate Affairs Anurag Thakur has also arrived at the Ministry of Finance ....

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