Live Updates and discussion on Union Budget 2021

Page no : 5

Indira Priyadarsini Kota (Practice) (590 Points)
Replied 01 February 2021

Definition of Small companies under companies act is amended which benefits more than 2lakh companies.

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Rebirth of Development Financial Institution. Interesting going by the increasing focus on developmental projects in this Budget

Mita Basak (Professional) (1921 Points)
Replied 01 February 2021

Definition under the Companies Act 2013 for small companies by increasing their threshold for paid up capital, from "not exceeding 50 lakhs, to not exceeding 2 crores' and Turnover from 'not exceeding 2 crores' to ' not exceeding 20 crores'. This will help in benefitting 2 lakh companies, in easing their compliance requirement #FM ##unionbudget2021

CA Sapna Ghelani (Chartered Accountant) (7550 Points)
Replied 01 February 2021

LIC opened up for Public Investment : Budget 20221

Prachi Bansal (3129 Points)
Replied 01 February 2021

FM proposes to bring the IPO of LIC in 2021-22

1 Like

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M Venkat (CA finalist) (456 Points)
Replied 01 February 2021

CA Sapna Ghelani (Chartered Accountant) (7550 Points)
Replied 01 February 2021

Union Budget 2021: Government's FY22 disinvestment revenue target is Rs 1.75 lakh crore

CA Ruby Bansal (Finance Professional) (6814 Points)
Replied 01 February 2021

On the recommendations of the 15th Finance Commission, a detailed exercise has been undertaken to rationalize and bring down the number of Centrally Sponsored Schemes. This will enable consolidation of outlays, for better impact. #FM

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 01 February 2021

1. Change in Defination of Small Companies...
2. Increase in Paid Up Capital of Small Companies
3. FDI In Insurance companies increase from 49% to 74%
4. Investment in IDBI and Pawanhans in 2022
5.IPO of LIC in 2022
6. Sale of Vacant Land of Government Land
7. 20000 Crores to Government Bank

2 Like

Shweta Gupta (CA) (62 Points)
Replied 01 February 2021

Two Public Sector Banks (PSBs) and one general insurance company will be divested, legislations amendments to be introduced in this session, says Finance Minister Nirmala Sitharaman.