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Inheritance Tax: IHT should be scrapped, poll states - 'legalised state theft!' | Personal Finance | Finance


| UPDATED: 14:34, Thu, Mar 4, 2021
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Inheritance tax (IHT) is chargeable on the value of an estate of a person who has passed away, which falls above a certain threshold. The tax is set at 40 percent, meaning those who are left behind will have to deal with the levy before they can inherit assets left to them. In yesterday’s Budget, many were hopeful the Chancellor Rishi Sunak would announce the Inheritance Tax would be eradicated, or altered somewhat. However, some experts believed a rise to IHT would instead be on the cards.  ....

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Union Budget 2021 LIVE Updates: Nirmala Sitharaman budget speech


Focus not only on increased budget allocation but implementation of schemes too, Tomar says
Union Agriculture Minister Narendra Singh Tomar
Government of India under the leadership of PM Narendra Modi is committed to working for the interest of farmers. Every year the focus is not only on increased budget allocation, but also the implementation of schemes. 
Feb 01, 2021
4:56 PM (IST)
Posted by Nidhi Taneja
Let down like never before : Chidambaram on Budget 2021
The Budget was a let down like never before. This Budget, like the previous one, will unravel sooner than you think. 
Feb 01, 2021
4:54 PM (IST)
Posted by Nidhi Taneja
BJP President JP Nadda: Budget inclusive , dedicated to the welfare of all people of India ....

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Nirmala Sitharaman Union Budget: 'No-harm' Budget brings back the bulls, but bond market is alarmed


Finance Minister Nirmala Sitharaman on Monday unveiled an expansionary Budget that focused on health, hope and growth; maintained status quo on direct taxes; avoided the much-feared wealth tax, boosted government’s capital expenditure by 26 per cent on the revised estimates for FY21 and kept market borrowing targets around the same level as the financial year gone by, at Rs 12 lakh crore.
Those largely met the expectations of the financial markets, which were hoping for a ‘no-harm Budget’. Domestic equities rallied, but bond yields hit a four-month high as market participants reckoned the Budget measures to be inflationary.
“Execution, execution, execution! That’s the key to this Budget,” Uday Kotak, Executive Vice-Chairman & Managing Director, Kotak Mahindra Bank, said in his first reaction to the Budget. ....

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RBI to retain key rates, maintain accommodative stance in Feb policy meet : Bulletin: Business Today


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Union Budget 2021: Share market expectation on Budget Day; key factors that will guide D-Street
The budget announcements made by the FM will set the tone of the stock market on February 1 and thereafter. According to market analysts, the share market is expected to remain volatile in this eventful week as the Union Budget, macro data and RBI policy would be eagerly watched by investors. Besides, ongoing corporate earnings season would also impact stock market trading.   
RBI to retain key rates, maintain accommodative stance in Feb policy meet
The Reserve Bank of India (RBI) Governor Shaktikanta Das-led monetary policy committee (MPC) is expected to keep key rates unchanged in its last monetary policy meeting of the current financial year. As per market experts, the central bank is expected to maintain status quo and keep the monetary stance accommodative at the policy review though it will take guidance from the Union Budget 2021 ....

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