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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.

Rajya-sabha , Ram-nath-kovind , Lok-sabha , Parliament-house-medical-centre , Budget-session-of-parliament , National-expert-group-on-vaccine-administration , Members-of-parliament , Discussion-on-union-budget , Lok-sabha-speaker-om-birla , Budget-session , President-ram-nath-kovind , Union-finance-minister-nirmala-sitharaman

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.

Madhya-pradesh , India , Nirmala-sitharaman , Rajya-sabha , M-venkaiah-naidu , Congress-member-of-parliament-mp-jairam-ramesh , Union-budget , Congress-member , Jairam-ramesh , Mahendra-bahadur-singh , Union-finance-minister-nirmala-sitharaman , Budget-discussion

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

India , Rajya-sabha , Lok-sabha , Pralhad-joshi , Corporate-affairs-anurag-thakur , Parliament-on , Members-of-parliament-mps , Parliamentary-affairs , Union-budget , Union-budget-mobile-app , Union-finance-minister-nirmala-sitharaman , North-block

FM Nirmala Sitharaman to present Union Budget 2021 at 11 am today

All eyes are fixed on Finance Minister Nirmala Sitharaman as she is set to present Union Budget 2021-22 in Parliament on Monday, at a time when India is recovering from the COVID-19 crisis.
The Budget presentation will begin with a speech from Finance Minister scheduled to take place at around 11 am.
Ahead of her third Budget presentation, the Finance Minister and her team will meet President Ram Nath Kovind, and will likely be accompanied by her deputy Anurag Thakur and other officials of the Finance Ministry.
The Union Cabinet will hold a meeting at 10:15 am before the presentation.
Usually, the duration of the presentation ranges from 90 to 120 minutes.

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Budget will be in accordance with people's expectations, says Anurag Thakur

Budget will be in accordance with people's expectations. Govt which functions on mantra of 'Sabka Saath, Sabka Vikas, Sabka Vishwas' gave new direction to India by announcing Aatmanirbhar package, protecting it from pandemic & bringing economy back on track swiftly: MoS Finance https://t.co/w6GKYLfQsupic.twitter.com/dQ7U3NW40Z
— ANI (@ANI) February 1, 2021
Thakur also offered prayers at his residence, ahead of the presentation of the Union Budget 2021-22 in the Parliament.
All eyes are fixed on Finance Minister Nirmala Sitharaman as she is set to present Union Budget 2021-22 in Parliament on Monday, at a time when India is recovering from the Covid-19 crisis.

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Budget 2021 aims to reset economy with honesty in numbers, without doles

Read more about Budget 2021 aims to reset economy with honesty in numbers, without doles on Business Standard. Budget aims for minimum government interference while ensuring there is certainty in the tax rates and other rules

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Budget 2021: Nirmala Sitharaman replaces Swadeshi 'bahi khata' with tablet

Read more about Budget 2021: Nirmala Sitharaman replaces Swadeshi 'bahi khata' with tablet on Business Standard. With the Union Budget 2021 set to be delivered in paperless form for the first time, Finance Minister Nirmala Sitharaman replaced the Swadeshi 'bahi khata' and switched to a tablet

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Budget share of capital expenditure highest in decade, aims for investments

The government on Monday allocated a higher share of the budget to capital expenditure than it has for over a decade, aiming to help push investments amid a pandemic slowdown.
Around 15.91 per cent of the budget is for capital expenditure: it was 13.55 per cent last year. The calculations are based on budget estimates. Capital expenditure refers to money spent on the creation of assets for future use like roads and buildings for health facilities. Revenue expenditure includes things like interest payments and salaries that the government pays on an ongoing basis.
The share of the budget devoted to the creation of long-term assets or capital expenditure has been on the decline in recent years. It had touched 19.3 per cent in the budget estimates for the financial year 2004-05 (FY05). This declined to 12.15 per cent in FY20. This was the lowest in ten years. It was 12.11 per cent in FY10. The previous high before this year's number was 18.02 per cent in FY08.

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