Union Budget News

Budget 2021 | Major Amendments in Customs Act, 1962

01 February 2021 at 13:41

Discussing the major amendments in the Customs Act, 1962 as laid down by the Union Budget 2021-22, presented in the parliament by FM Smt. Nirmala Sitharaman.

Posted in Union Budget | 2934 Views

Union Budget 2021 - Tax audit limit increased to Rs 10 crore for business not exceeding 5% cash transaction

01 February 2021 at 13:37

In order to incentivise non-cash transactions, promote digital economy and to further reduce the compliance burden of small and medium enterprises, it is proposed to increase the threshold from five crore rupees to ten crore rupees in some cases.

Posted in Union Budget | 16902 Views

Budget 2021 | Direct Tax Proposals

01 February 2021 at 13:33

The Union Budget 2021 was presented in the parliament by FM Smt. Nirmala Sitharaman. Discussing the Direct Tax Proposals made in the Budget.

Posted in Union Budget | 3750 Views

Cabinet meeting over Budget at 10:15 AM

01 February 2021 at 10:02

FM Nirmala Sitharaman meets President Ram Nath Kovind ahead of Budget 2021 presentation. Cabinet meeting over Budget to take place at 10:15 AM.

Posted in Union Budget | 3528 Views

Economic Survey App - Now Available for Download!

30 January 2021 at 11:07

Official mobile app for Economic Survey of India is now available on Google play store

Posted in Union Budget | 3345 Views

Economic Survey calls for simplification of regulations and process reforms

30 January 2021 at 05:58

The Economic Survey has called for simplification of regulatory processes in the light of uncertainties in the real world scenarios.

Posted in Union Budget | 1329 Views

Economic Survey has called for an active fiscal policy to Boost Growth

30 January 2021 at 05:58

The Economic Survey has called for an active fiscal policy indicating that a push for growth leads to debt sustainability in the Indian context, and not necessarily vice-versa.

Posted in Union Budget | 1521 Views

Improved Monetary Policy Transmission; Repo Rate cut by 115 BPS: Economic Survey

29 January 2021 at 16:47

The monetary policy was significantly eased from March 2020 onwards owing to the unprecedented COVID 19 pandemic and remained accommodative in 2020, states the Economic Survey.

Posted in Union Budget | 1326 Views

A Strong V-Shaped Recovery of Economic Activity Confirmed in the IIP Data

29 January 2021 at 16:47

The Economic Survey has observed that in-spite of an unprecedented COVID-19 pandemic and consequential challenges, the industrial and infrastructure sector of Indian economy are on a fast V-shaped recovery path.

Posted in Union Budget | 1398 Views

Economic Survey Strongly recommends an increase in public health spending from 1% to 2.5-3% of GDP

29 January 2021 at 16:46

The Economic Survey 2020-21 has strongly recommended an increase in public spending on healthcare services from 1 percent to 2.5-3 percent of GDP, as envisaged in the National Health Policy 2017.

Posted in Union Budget | 1197 Views