Union Budget 2021

Privatisation of CPSEs during recession 'horrible idea', says former chief statistician Pronab Sen

Speaking at an event organised by industry body PHDCCI, Sen said Nirmala Sitharaman did not mention world 'employment' in her Budget speech

Nirmala Sitharaman lists out key Union Budget initiatives in meeting with RBI's central board

The board, in its meeting, reviewed various areas of operations of the RBI, including ways to strengthen grievance redressal mechanisms in banks

Centre likely to bring amendments to two legislations to facilitate privatisation of PSU banks

Nirmala Sitharaman while presenting Budget 2021-22 earlier this month had announced the privatisation of Public Sector Banks as part of disinvestment drive to garner Rs 1.75 lakh crore

Moneycontrol reigns as No.1 digital destination for Budget Day coverage, beats previous digital readership records

Moneycontrol broke down the Budget for readers using the theme Rebuilding India, which captured the impact of Budget 2021 on individuals, investors and businesses

Union Budget 2021: FDI cap hike will raise insurance penetration, help attract overseas funds, say experts

In her Budget speech, Nirmala Sitharaman had proposed amending the Insurance Act, 1938, to increase the FDI limit in insurance companies from 49% to 74% and allow foreign ownership and control with safeguards

Union Budget 2021: India's realty sector nearly cripples for want of liquidity as FM spurs hope

The real estate industry, passing through a protracted recession even before the pandemic which worsened it manifold

Union Budget 2021: Govt sets divestment target of Rs 1.75 tn, after big misses in recent years

A sharp jump in capital expenditure points to a preference to solidify medium-term growth boost while also entailing larger multiplier benefits for the economy

Union Budget 2021: FM gives major focus to infra, health; to boost economy through multiplier effect

While the high fiscal deficit would not be credit positive for international credit agencies, in the current environment, it would have been impossible to push the growth without fiscal destabilization in the short to medium term

Union Budget 2021: Nirmala Sitharaman takes braver route to fix economy by not levying more tax

Changes on the indirect tax front are also not significant to qualify as changes large enough to be structural leading to increased demand or increased production of items

Union Budget 2021: Finance minister makes no mention of allocation to separate domestic defence sector

The current geopolitical situation in which the Indian forces remain in a tense face-off with China along the northern border has necessitated the emergency purchases