Author: Economy

He also hailed Union Finance Minister Nirmala Sitharaman’s proposal to increase the budgetary outlay for health to over Rs 2.23 lakh crore in FY22 from Rs 94,452 crore estimated in the current fiscal. PTI February 01, 2021 / 05:46 PM IST Bihar Chief Minister and JD(U) chief Nitish Kumar during the virtual rally Bihar Chief […]

Home Minister Amit Shah dismissed Congress leader Rahul Gandhi’s criticism of the government on India-China tensions, saying his party and he had “no right” to point fingers on the issue. Shah said the Congress leader should first give an account to the nation on how much territory his party ceded to China when it was […]

His reaction came hours after Finance Minister Nirmala Sitharaman presented the Union Budget for 2021-22. PTI February 01, 2021 / 07:15 PM IST Punjab Chief Minister Amarinder Singh on Monday flayed the Union Budget, saying it reflects the Centre’s “persistent efforts to sideline” non-BJP ruled states. His reaction came hours after Finance Minister Nirmala Sitharaman […]

Soon after the Budget presentation, Congress leader Gandhi alleged that the Narendra Modi government plans to hand over India’s assets to crony capitalists through stake sale in public sector companies and financial institutions, including two PSU banks and an insurance company, in the next fiscal. PTI February 01, 2021 / 07:26 PM IST Rahul Gandhi […]

Amit Mitra also criticised the budget claiming that sufficient funds have not been allocated to West Bengal for fighting the COVID-19 pandemic and mitigating the damage caused by cyclone Amphan. PTI February 01, 2021 / 07:29 PM IST Amit Mitra Describing the Union budget as confusing and directionless, West Bengal Finance Minister Amit Mitra on […]

Hours after Finance Minister Nirmala Sitharaman’s Budget speech, Principal Economic Advisor Sanjeev Sanyal spoke exclusively to Moneycontrol. Sanyal said the aim of the Budget was to bet on long-term growth through public spending. “When you save your spending for infrastructure, it’s not one year, you’re betting on a period of time,” Sanyal said. Sanyal justified […]

Finance Minister Nirmala Sitharaman, in an exclusive interview to Network18, said the government is focusing on infrastructure building and increasing capital expenditure in the health sector as these segments have a multiplier effect on the economy. Earlier in the day, Sitharaman presented the Union Budget 2021-22 in Parliament, against the backdrop of unprecedented health crisis […]

While the current deviation from the rule-based fiscal framework was necessitated by the severity of the economic shock, it is necessary to monitor and manage it in a transparent fashion. February 01, 2021 / 08:35 PM IST The Union Budget for the year 2021-22 (FY22) has been announced against the backdrop of an unprecedented economic […]

The Union Budget 2021-22 strikes a right balance to boost health infrastructure as well as support the COVID-19-hit economy as there has been a push for more spending, bankers said on Monday. Unveiling the Union Budget 2021-22, that was for the first time came in a digital format, Finance Minister Nirmala Sitharaman announced capital infusion […]

“The general budget is in accordance with the expectation of public welfare, inclusive and ‘Atmanirbhar Bharat’ (self-reliant India). The budget has taken care of every class including farmers, middle class, poor, women,” the UP CM said in a series of tweets in Hindi. PTI February 01, 2021 / 02:41 PM IST File image Uttar Pradesh […]

In order to raise an additional Rs 80,000 crore, the government would approach the markets, and this would happen over the next two months, the finance minister said in her Budget speech. No I-T filing for senior citizens above 75 years of age having only pension. Finance Minister Nirmala Sitharaman said the FY21 fiscal deficit […]

Since the last Budget, India’s economy reduced from 2.24 lakh crore nominal GDP to Rs 1.94 lakh crore. This was due to the lower-than-budgeted revenue growth and higher expenditure to tackle the negative impact of the coronavirus pandemic. Finance Minister Nirmala Sitharaman will be presenting her third Budget in a short while from now. Here […]

Finance Minister Nirmala Sitharaman will begin presenting the Union Budget on February 1 at 11 am. Railway Station (Representative image) During the Budget for 2021-21, the Ministry of Finance is expected to make certain announcements for the Railways sector. Indian Railways was severely impacted in 2020 since the COVID-19 pandemic disrupted services, which were completely […]

January 30, 2021 / 11:07 PM IST This LIVE blog session has concluded. Stay tuned to Moneycontrol for the latest news, views and updates. January 30, 2021 / 04:05 PM IST Coronavirus LIVE Updates | Uttarakhand updates COVID-19 SOP, allows all activities outside containment zones with some conditions All activities, subject to some conditions, have been permitted […]

In a year, when the government had to pump in Rs 20 lakh crore stimulus, RBI had to intervene to boost liquidity in the market and the fiscal deficit which was estimated at 3.5 percent of GDP is now expected to surge to 7.5 percent of the GDP instead, at such unwonted times presenting the […]

January 30, 2021 / 11:07 PM IST This LIVE blog session has concluded. Stay tuned to Moneycontrol for the latest news, views and updates. January 30, 2021 / 04:05 PM IST Coronavirus LIVE Updates | Uttarakhand updates COVID-19 SOP, allows all activities outside containment zones with some conditions All activities, subject to some conditions, have been permitted […]

January 30, 2021 / 10:37 PM IST This live session has now concluded. Please return to Moneycontrol for more updates.  January 30, 2021 / 08:46 PM IST INTERVIEW | FY22 Could Be A Big Year For Privatisation: Chief Economic Advisor Krishnamurthy Subramanian In an interaction with Moneycontrol, Krishnamurthy Subramanian also said that the idea of […]

A day after presenting the 2020-21 Economic Survey, Chief Economic Advisor Krishnamurthy Subramanian spoke to Moneycontrol at his residence. Speaking on a number of issues, Subramanian said that 2021-22 could be a big year for privatisation of state-owned companies. “I think the coming fiscal year could be actually a very seminal year for actual privatisation […]