Author: Finance Khabar

New Delhi: Finance Minister Nirmala Sitharaman presented the budget in the Lok Sabha on Monday. After which Prime Minister Narendra Modi gave his response on the general budget. PM Modi said that this budget is a budget to highlight the confidence of the new India. The budget will bring changes in the infrastructure of the country, as well as work to give many opportunities to the youth. PM Modi said that there are villages and farmers at the heart of this budget. PM Modi said that such budgets are rarely seen, which received good response in the beginning. Regarding the…

New Delhi: Agricultural cess has been imposed on petrol and diesel. Agricultural cess of Rs 2.50 per liter on petrol and Rs 4 per liter on diesel has been imposed. However, this will not affect the customers. It is believed that the government is trying to extract the profits made during the Corona period from the pockets of the oil companies. With the imposition of agricultural cess on petrol and diesel, the basic excise duty (BED) and special additional excise duty (SAED) have been reduced. Due to this, the burden of agricultural cess will not be passed on to the…

New Delhi: Finance Minister Nirmala Sitharaman has presented her budget. The Finance Minister has increased the import duty on mobile phones and chargers imported from abroad in the budget. This can soon see an increase in their prices. Apart from this, in the budget, discounts have been given on import of gold and silver by offering women. In such a situation, gold and silver can be cheap. At the same time, products related to steel and copper can also be cheap. Apart from this, auto parts imported from abroad will also become expensive. Announcing in the budget, the Finance Minister…

New Delhi: Finance Minister Nirmala Sitaraman has hiked the basic customs duty on the import of sub-parts of the mobile phones and battery chargers from zero to 2.5% for the fiscal year 2021 – 2022. The FM did not mention the price impact as the details are yet to be announced. During her budget speech, Nirmala Sitharaman said that “for greater value addition we are withdrawing a few exemptions on parts of chargers and sub-parts of mobiles. Further, some part of the mobile will move from nil rate to a moderate 2.5%. So far, the battery charges will attract 15%…

New Delhi: Finance Minister Nirmala Sitharaman presented the budget for FY 2021-22. In the budget, the government’s focus was on boosting the economy through health, infrastructure and reform. The Finance Minister has increased the health budget. The Finance Minister has taken the initiative to give relief to the industry by not imposing any new tax. The government has announced to increase government spending irrespective of the fiscal deficit. The government has given the taxpayer the right to choose the option to pay tax under the new tax regime or old tax regime. Personal tax payers are not being given any…

In her Union Budget 2021 speech, Finance Minister Nirmala Sitharaman announced voluntary vehicle scrapping policy for incentivising vehicle owners to change their older vehicles for new ones. For vehicles there shall be conducted fitness test, which is 20 years for passenger vehicles and 15 years for commercial vehicles. The Ministry of Road, Transport, and Highways will give details on the policy. As per the views of Saket Mehra, Partner, Grant Thornton Bharat LLP, ” Fitness testing for both PVs and CVs a positive move to create not only employment opportunities but a move that will ensure a cleaner environment as…

New Delhi: Finance Minister Nirmala Sitharaman is presenting the General Budget 2021 today. Instead of briefcases and bookkeeping, she is presenting the budget from the tablet. In addition to IDBI, the finance minister has spoken about the privatization of two public sector banks and one insurance company. In this budget, the government has given a lot of emphasis on the health sector and infrastructure, the budget of the health sector has been increased from 94,000 crore to 2.38 lakh crore. At the same time, many big announcements have been made regarding roads and highways. The Finance Minister said that this…

New Delhi: Finance Minister Nirmala Sitharaman is presenting the General Budget 2021 today. Instead of briefcases and bookkeeping, she is presenting the budget from the tablet. Slogans are being raised during the speech of the Finance Minister in Parliament. This is the first budget after the Coronation period. Let us know that ordinary people have a lot of expectations from this budget. In this budget, the government has given a lot of emphasis on the health sector and infrastructure, the budget of the health sector has been increased from 94,000 crore to 2.38 lakh crore. At the same time, many…

New Delhi: Finance Minister Nirmala Sitharaman on Monday provided Rs 35,000 crore towards COVID-19 vaccination in 2021-22 fiscal. “I have provided Rs 35,000 crore for COVID-19 vaccine in this year 2021-22. I’m committed to providing further funds if required. The Budget outlay for health and well being is Rs 2.23 lakh crore in 2021-22 as against BE of Rs 94,452 crore and marks an increase of 137 per cent,” she said while presenting 2021-22 Budget in the Lok Sabha. India had earlier in January approved two vaccines — Oxford’s Covishield manufactured by SII and Bharat Biotech’s Covaxin — for restricted…

New Delhi: Finance Minister Nirmala Sitharaman is presenting the General Budget 2021 today. Instead of briefcases and bookkeeping, she is presenting the budget from the tablet. Slogans are being raised during the speech of the Finance Minister in Parliament. This is the first budget after the Coronation period. Let us know that ordinary people have a lot of expectations from this budget. In the budget speech, the first major announcement by Finance Minister Sitharaman, announced a health scheme of Rs 64,180 crore. The Finance Minister said that if the lockdown was not imposed, the situation in the country would have…

New Delhi: Union Minister Nirmala Sitharaman is going to present the general budget today i.e. on February 1. This is the first time in the history of India when the entire budget of the Finance Minister will be available in digital form. Recently, the Finance Minister has launched the Union Budget Mobile App. With the introduction of this mobile app, paperless budget has started. This time the budget has not been printed. This time everyone can see this budget on their mobile through an app. This app is for both Android and iOS smartphones. You can easily download it from…

New Delhi: Experts are of the view that government in Union Budget 2021 may announce coronavirus cess or surcharge on individual taxpayers. As it is the budget that is scheduled to be announced few hours from now is cited as the most crucial in recent years as it comes in the backdrop of massive economic destruction caused by the Covid 19 outbreak. The finance minister Nirmala Sitharaman will come up with the Budget announcements at 11 am, which will be Modi 2.0 government’s third Budget. A cess or surcharge is levied for generating revenue stream for a particular purpose and…

New Delhi: Union Finance Minister Nirmala Sitharaman on Monday morning reached the Ministry of Finance in the North Block, ahead of presenting the Union Budget 2021-22 in the Parliament.MoS Finance and Corporate Affairs Anurag Thakur has also arrived at the Ministry of Finance. The Budget presentation will begin with a speech from Finance Minister scheduled to take place at around 11 am. The duration of the budget speech usually ranges from 90 to 120 minutes. This year, the Union Budget will be delivered in paperless form for the first time. Finance Minister had launched the “Union Budget Mobile App” for…

New Delhi: The 11th series of sovereign gold bonds is opening for investment from February 1. This series will be open for investment from February 1 to February 5. This time the government has fixed the issue price of Rs 4912 per gram i.e. Rs 49120 per 10 gram for gold bond. At the same time, if you buy gold bonds online, then there will also be a discount of 50 rupees on every gram. For online investors, the issue price will be Rs 4862 per gram i.e. Rs 48620 per 10 gram. Explain that the government has brought this…

New Delhi: The Reserve Bank of India (RBI) can keep the policy rates as it is in the upcoming monetary policy review. The three-day meeting of the Monetary Policy Committee (MPC), headed by Reserve Bank Governor Shaktikanta Das, will begin on February 3 and the results of the meeting will be announced on February 5. Experts believe that the Reserve Bank will avoid changes in interest rates. However, he will maintain his soft stance. Explain that Finance Minister Nirmala Sitharaman will present the general budget in the Lok Sabha on February 1. In such a situation, the monetary policy committee…

New Delhi: Finance and Corporate Affairs Minister Nirmala Sitharaman will present the Union Budget for the financial year 2021-22 in Parliament on Monday that is expected to focus on reviving the sagging economy and boosting consumption amid the global COVID-19 pandemic. The finance minister has herself raised expectation as she last month at a CII event said that the Budget ’21 will “be like never before” “and that “100 years of India wouldn’t have seen a budget being made post-pandemic like this.” The ruling Bharatiya Janata Party said the Budget this year will be a game-changer and usher in a…

During the corona lockdown, the traders are disappointed with the budget due to no allocation to traders in various economic packages. Businessmen have high hopes from the Union Budget. The Confederation of All India Traders (CAIT) has said that the government may announce some tax to increase its income but it will be interesting to see where the tax will be and the impact it will have on business and industry. CAT has emphasized that the formation of a National Trade Policy for Retail Trade, an E-Commerce Policy and an Ecommerce Regulatory Authority and a Voluntary Disclosure Scheme (VDS) are…

New Delhi: Cryptocurrencies like Bitcoin are bad news for investors. In this budget session, a bill will be considered through which all private cryptocurrencies like Bit Coin will be banned. Although there is no plan to completely ban cryptocurrency but the way will be prepared for the official digital currency issued by the central bank Reserve Bank of India (RBI). According to the schedule fixed for this session, The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 will be brought in this budget session. It will be considered and the bill will be passed. According to the Lok Sabha…

ICICI Bank said on Saturday that consolidated net profit has risen by 17.73 per cent to Rs 5,498.15 crore in the December quarter. It was Rs 4,670.10 crore in the year-ago period. On a standalone basis, the country’s second largest private sector bank reported a post-tax profit of Rs 4,939.59 crore, up 19.12 percent in the quarter under review. It stood at Rs 4.146.46 crore in the October-December 2019 period. The total income of the bank increased to Rs 24,416 crore from Rs 23,638 crore a year ago. While its total expenditure reduced to 15,596 crore, which was 16,089 crore…

New Delhi: The country’s foreign exchange reserves increased by $ 1.091 billion to $ 585.334 billion in the week ended 22 January. This information has been given in the data released on Friday by the Reserve Bank. Earlier, in the week ended 15 January, foreign exchange reserves had decreased by $ 1.839 billion to $ 584.242 billion. Foreign currency reserves stood at an all-time high of $ 586.082 billion for the week ended January 8. According to data released by the Reserve Bank of India (RBI), the increase in foreign exchange assets (FCA) in the reporting period led to an…