Asked to rate the budget, Virmani said: "It’s one of the outstanding budgets. I look for one big idea and a number of supporting reforms. The big idea in this Budget is framework for strategic sale."
The Finance Minister reiterated Modi government's vision of doubling farmers' income.
He told Money9 that although he feels the Budget scored on most parameters, it does not have anything substantial for startups.
Finance Minister Nirmala Sitharaman has proposed a push in capital expenditure with Rs 5.54 lakh crore being allocated.
Currently, an individual can invest up to 12% of basic salary (including dearness) in EPFO. But through voluntary contribution, this limit can be increased to 100%.
Union Finance Minister Nirmala Sitharaman has made a provision of Rs 15,700 crore for the Ministry of Micro, Small and Medium Enterprises (MSME) sector in the Union Budget 2021-22. We have taken a number of steps to support the MSME sector in this budget. I have provided Rs 15,700 crore more than double the previous […]
A Money9 Budget Conclave panel discussion hosted by Priyanka Sambhav and featuring Shweta Jain, Founder, Investography, Surabhi Marwah, Gauri Chadha, founder and CEO, Gauri Chadha & Associates, Surabhi Marwah, EY, Partner- Tax, discussed the good, bad and ugly of the budget.
After touching an intra-day high of 48,641.23, the 30-share Sensex was trading 2,311 points or 4.99 per cent higher at 48,595.25; and the broader Nifty surged 462.15 points or 3.39 per cent at 14,096.75.
Union Finance Minister Nirmala Sitharama has presented the Union Budget for the year 2021-22. The first paperless budget is expected to work as an economic vaccine that will pave way for revival of the Indian economy.