Author: Finance Khabar

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…

New Delhi:ICRA expects the Government to maintain its focus on the rural economy and infrastructure investments in the upcoming Budget. This apart some roadmap for the recently announced production-linked incentive (PLI), can be expected. “Another long pending auto-specific policy, relating to the scrappage of Commercial Vehicles (CV) may also find a mention in the Budget. The automotive industry faced strong demand headwinds during FY2020 with the slowdown in economy during H2 FY2020, exacerbated by the NBFC crisis. The industry also had to grapple with challenges of investments and cost increases, following the tightening of emission & safety norms, especially the…

New Delhi:Economic Survey 2021 tabled by the Finance Minister earlier today in the Parliament said that sovereign credit rating of India does not truly highlights its fundamentals. The Survey asked for a change in the sovereign rating methodology as the globally fifth leading economy cannot be BBB-rated. “Never in the history of sovereign credit ratings has the 5th largest economy been rated as the lowest rung of investment-grade (BBB -). India’s fiscal policy must not remain beholden to a noisy, biased measure of India’s fundamentals. India’s forex reserves can cover an additional 2.8 standard deviation negative event. It is imperative…

New Delhi: Prime Minister Narendra Modi on Friday said the Budget Session 2021 is a golden opportunity to fulfill the dreams of our freedom fighters. Modi was addressing the media before the Presidential address of the joint session of Parliament to kick start Budget Session, 2021, The session is being held in two parts this year due to Covid-19 pandemic. “This is the first session of this decade. It is a very important session. This is a golden opportunity to fulfill the dreams of our freedom fighters,” Modi said. The Prime Minister said the government will take every step to…

New Delhi: Budget session is being held at a challenging time of COVID-19, says President Ram Nath Kovind addressing joint sitting of Parliament.Last year as well, President Kovind had addressed the joint sitting of Parliament from the Central Hall. The two Houses will meet later separately for the tabling of the President’s Address. The Economic Survey will also be tabled in both Houses in this 30-minute sitting after paying obituary references. The first part of the Budget Session is scheduled to conclude on February 15 while the second part will commence on March 8 and is expected to end on…

Mumbai: Economic survey was presented on 29 January 2021 before the budget, after which the market has been sold. The economic survey disappointed the market and both the index and the Nifty major index closed down. The market started strongly. The Sensex was up 500 points in business. Currently, the Sensex fell by 589 points at the end of trading and closed at a level of 46,285.77. At the same time, the Nifty had a weakness of 183 points and closed at the level of 13635. The Economic Survey estimates a 7.7 percent decline in GDP growth in FY 2021.…

San Francisco: But the company predicted uncertainty for 2021 and said its revenue in the latter half of the year could face significant pressure. Because revenue grew so quickly in the second half, the social network could have trouble keeping up that pace. It’s also facing challenges in how it targets advertisements, including Apple’s coming launch of privacy protections that could limit Facebook’s ability to target ads. Facebook earned USD 11.22 billion, or USD 3.88 per share, in the October-December period, well above the USD 3.19 that analysts expected and up 53 per cent from a year earlier. Revenue grew…

San Francisco: The iPhone business performed extraordinarily well, registering over $65 billion in revenue. The previous all-time record for iPhone revenue in a quarter was $61.58 billion, which Apple recorded in the first quarter of fiscal 2018. International sales accounted for 64 per cent of the December quarter’s revenue for Apple, the company said in a statement on Thursday. “This quarter for Apple wouldn’t have been possible without the tireless and innovative work of every Apple team member worldwide,” said Apple CEO Tim Cook. During an earnings call with investors, Cook said that Apple crossed 1.65 billion active devices worldwide…

Mumbai: Britain’s official development finance institution CDC Group on Thursday announced a USD 30 million credit facility to Tata Cleantech Capital – an arm of Tata Capital – under its green lending facility. This is the first such green loan facility extended by the British impact investor. The facility will enable Tata Cleantech to offer loans to businesses across the country that focus on e-mobility solutions as well as water and energy efficiency, thus help mitigate the effects of climate change, a Tata Capital statement said, adding this is CDC’s first directed green lending facility. Tata Cleantech is a joint…

Mumbai: The domestic stock market nosedived for the fifth straight day on Thursday, registering more than one per cent decline in the BSE Sensex and NSE Nifty. The Sensex plunged 535.57 points or 1.13 per cent, to finish at 46,874.36, while Nifty too declined 149.95 points or 1.07 per cent, to trade at 13,817.55, the lowest point since December 28, 2020. Investors are taking cautious approach before the general budget. Also, there was pressure on the market for monthly settlement. The perception in the domestic markets was negative due to all-round selling abroad. The Sensex has lost over 2,900 points…