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It is an accepted fact today that, the present government does not shy away from big tickets reforms. Be it Financial sector, Agriculture, Insurance, Import, Export or Transport. Government has announce Vehicle Scrapping Policy during this year’s Budget.
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Jharkhand govt has presented an 'Outcome-Based Budget' on Mar 3, 2021, for the first time. In the budget, all the departments were assigned specific targets and responsibilities that are required to be completed in a specified time.
The Union Budget 2021 is the first budget of Independent India drawing a roadmap for 5 trillion dollar economy to prepare India to establish its leadership as a global superpower. There are temptations to compare it 1991 Budget when our country first tried to free from Quota Permit Raj and started dismantling the shackles of Socialistic Model.
Budget for 2021 -22 is presented in most unprecedented circumstances like never before in Independent India. The COVID -19 has affected not only India but the entire world encompassing all walks of life. There were apprehensions in the minds of supporters as well as opponents of government that the new taxes will be proposed.
Union Budget FY 2021-22 provides several positive measures for the aviation industry of the country. The measures range from tax incentives and custom duty reduction for promoting 'Atmanirbhar Bharat', to asset monetization and disinvestment to mobilize resources for new infrastructure development.
After govt gives major boost to the health sector in union budget 2021, Leading vaccine manufacturers Serum Institute of India (SII) CEO Adar Poonawalla hails Finance Minister Nirmala Sitaraman's immunization especially for COVID-19 in 2021-22 fiscal .
"चुनौती कितनी ही बड़ी क्यों न हो, न हम रुकेंगे और न भारत रुकेगा", quoted President Ram Nath Kovind on the very first day of the Budget session. This is after the 18 opposition parties present in the Parliament today announced to boycott the President's address.
The Indian economy will stage a strong rebound and grow as much as 11.5 per cent on year in FY22, the International Monetary Fund (IMF) said on Wednesday, revising up its earlier forecast of an 8.8 per cent expansion.
With an aim to counter China's aggression, the central government might hike the defence Budget for the financial year 2021-22 to meet the "urgent requirement of the Armed Forces". Apart from the India-China border standoff, the media reports suggest that the Centre is planning to modernise the Armed Forces under its plan to make India self-reliant that might force it to hike the defence Budget.
