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Union Budget 2021: Congress leader Rahul Gandhi hit out at the Centre on Monday following the presentation of the Union Budget. 

Union Budget 2021: Modi government handing over India's assets to crony capitalists, says Rahul Gandhi

Congress leader Rahul Gandhi hit out at the Centre on Monday following the presentation of the Union Budget. He said forget putting cash in the hands of people, Modi government plans to handover India's assets to his crony capitalist friends.&nbsp;The government on Monday budgeted Rs 1.75 lakh crore from stake sale in public sector companies and financial institutions, including two PSU banks and an insurance company, in the next fiscal.

Govt handing over India's assets to crony capitalists: Rahul 

Congress leader Rahul Gandhi hit out at the Centre on Monday following the presentation of the <a href="https://www.editorji.com/story/union-budget-2021-all-you-need-to-know-1612167760058" target="_blank" >Union Budget</a>. He said forget putting cash in the hands of people, Modi government plans to handover India's assets to his crony capitalist friends.&nbsp;
The government on Monday budgeted Rs 1.75 lakh crore from stake sale in public sector companies and financial institutions, including two PSU banks and an insurance company, in the next fiscal.

Union Budget 2021: An agriculture cess of ₹2.5 per litre has been imposed on petrol and ₹4 per litre on diesel.

Union Budget 2021: Agriculture Infrastructure and Development Cess

In a bid to improve agriculture infrastructure, Finance Minister&nbsp;Nirmala&nbsp;Sitharaman&nbsp;in the Budget 2021 proposed an Agriculture Infrastructure and Development Cess.&nbsp;This will ensure enhanced remuneration for our farmers, she added.&nbsp;
An agriculture&nbsp;cess of ₹2.5 per litre has been imposed on petrol and ₹4 per litre on diesel.&nbsp;Other items include precious metals like gold and silver, alcoholic beverages, crude palm oil, apples. coal, peas, etc.
However, the finance minister ensured there will be no additional burden on consumers on most items as the basic&nbsp;custom duty rates have&nbsp;been reduced on some of these items.&nbsp;These items include apple, alcoholic beverages, crude edible oil, coal, etc.
&nbsp;
&nbsp;

Agriculture Infrastructure and Development Cess&nbsp;introduced
Enhanced remuneration for our farmers: FM
Agri&nbsp;cess of ₹2.5/litre on petrol; ₹4/litre on diesel
No additional burden on consumers on most items: FM
&nbsp;
&nbsp;
&nbsp;
&nbsp;

In a bid to improve agriculture infrastructure, Finance Minister&nbsp;Nirmala&nbsp;Sitharaman&nbsp;in the <a href="https://www.editorji.com/story/union-budget-2021-all-you-need-to-know-1612167760058" target="_blank" >Budget 2021</a> proposed an Agriculture Infrastructure and Development Cess.&nbsp;This will ensure enhanced remuneration for our farmers, she added.&nbsp;
An agriculture&nbsp;cess of ₹2.5 per litre has been imposed on petrol and ₹4 per litre on diesel.&nbsp;Other items include precious metals like gold and silver, alcoholic beverages, crude palm oil, apples. coal, peas, etc.
However, the finance minister ensured there will be no additional burden on consumers on most items as the basic&nbsp;custom duty rates have&nbsp;been reduced on some of these items.&nbsp;These items include apple, alcoholic beverages, crude edible oil, coal, etc.

Union Budget 2021: Finance Minister Nirmala Sitharaman announced proposals to amend the Insurance Act, 1938.

Union Budget 2021: FDI boost For insurance companies 

Finance Minister Nirmala Sitharaman announced proposals to amend the Insurance Act, 1938. The minister proposed to increase the permissible limit for Foreign Direct Investment for insurance companies to 74% from 49% along with allowing foreign ownership and control with safeguards.

Govt to amend the Insurance Act, 1938
FDI boost for insurance companies&nbsp;
FDI&nbsp;limit to be increased to 74%: FM
&nbsp;

Finance Minister Nirmala Sitharaman announced proposals to amend the Insurance Act, 1938. The minister proposed to increase the permissible limit for Foreign Direct Investment for insurance companies to 74% from 49% along with allowing foreign ownership and control with safeguards.

Budget 2021 India: Nirmala Sitharaman on Monday said that the government shall reduce the tax compliance burden on senior citizens who are 75 years of age and above.

Budget 2021 India: Income Tax relief for senior citizens

Finance Minister Nirmala&nbsp;Sitharaman&nbsp;on Monday said that the government&nbsp;shall reduce the tax compliance burden on senior citizens who are 75 years of age and above. For senior citizens who only have pension and interest income, Sitharaman&nbsp;in Budget 2021&nbsp;proposed an exemption from filing their income tax returns. However, no other income tax relief was announced in the Budget 2021.

Union Budget 2021: Tax relief for senior citizens

Finance Minister Nirmala&nbsp;Sitharaman&nbsp;on Monday said that the government&nbsp;shall reduce the tax compliance burden on senior citizens who are 75 years of age and above. For senior citizens who only have pension and interest income, Sitharaman&nbsp;in Budget 2021&nbsp;proposed an exemption from filing their income tax returns. However, no other income tax relief was announced in the Budget 2021.

Finance Minister Nirmala&nbsp;Sitharaman&nbsp;on Monday said that the government&nbsp;shall reduce the tax compliance burden on senior citizens who are 75 years of age and above.
For senior citizens who only have pension and interest income, Sitharaman&nbsp;in <a href="https://www.editorji.com/story/union-budget-2021-all-you-need-to-know-1612167760058" target="_blank" >Budget 2021</a>&nbsp;proposed an exemption from filing their income tax returns. However, no other income tax relief was announced in the Budget 2021.

Union Budget 2021: Big push for health sector in Covid-era Budget. New healthcare scheme worth ₹ 64,180 crore

Union Budget 2021: All you need to know about Nirmala Sitharaman Budget speech

Big push for health sector in Covid-era Budget
&nbsp;
New healthcare scheme worth ₹ 64,180 crore
 35,000 crores provided for Covid vaccine in 2021
 No change in personal income tax
 Senior citizens above 75 exempted from filing IT return
 Timeline for reopening of tax returns reduced to 3yrs from 6yrs.
 FY22 Agriculture credit target at ₹ 16.5 lakh Cr
 Scrapping Policy: 20 yrs for persona vehicle, 15 yrs for commercial
 Sharp increase in Capital Expenditure at ₹5.54 lakh cr
 Fiscal deficit pegged at 9.5% of the GDP
 Fiscal deficit for FY22 estimated at 6.8%
 Big funds for poll-bound Kerala, West Bengal &amp; TN for roads
 ₹ 1.10 lakh crores allocated to Railways
 ₹2,217 Cr for Urban Centres to tackle air pollution
 Big boost for start-ups as FM announces One-Person companies
 Tax holiday for startups for one more year
 FDI in insurance sector to be hiked to 74% from 49%
 LIC IPO this year, disinvestment of Air India to be completed
 FM: ₹ 20,000 Cr for recapitalisation of Govt Banks

Union Budget 2021: All you need to know

Big push for health sector in Covid-era Budget
New healthcare scheme worth ₹ 64,180 crore
35,000 crores provided for Covid vaccine in 2021
No change in personal income tax
Senior citizens above 75 exempted from filing IT return
Timeline for reopening of tax returns reduced to 3yrs from 6yrs.
FY22 Agriculture credit target at ₹ 16.5 lakh Cr
Scrapping Policy: 20 yrs for persona vehicle, 15 yrs for commercial
Sharp increase in Capital Expenditure at ₹5.54 lakh cr
Fiscal deficit pegged at 9.5% of the GDP
Fiscal deficit for FY22 estimated at 6.8%
Big funds for poll-bound Kerala, West Bengal &amp; TN for roads
₹ 1.10 lakh crores allocated to Railways
₹2,217 Cr for Urban Centres to tackle air pollution
Big boost for start-ups as FM announces One-Person companies
Tax holiday for startups for one more year
FDI in insurance sector to be hiked to 74% from 49%
LIC IPO this year, disinvestment of Air India to be completed
FM: ₹ 20,000 Cr for recapitalisation of Govt Banks
Click here for <a href="https://www.editorji.com/watch-live" target="_blank" >Live Budget 2021</a> coverage, expert analysis and detailed discussions

In the Union Budget 2021 speech, FM Nirmala Sitharaman said that the government will provide a record sum of Rs 1,10,055 crores to Railways of which Rs 1,07,100 crores.

Union Budget 2021 for Railways: Record sum of Rs 1,10,055 crores for the Railways

In the Union Budget 2021 speech, FM Nirmala Sitharaman said that the government will provide a record sum of Rs 1,10,055 crores to Railways of which Rs 1,07,100 crores will be for Capital Expenditure only. Sitharaman spoke on the National Rail Plan for India 2030, stating the plan aims to create a future-ready railways system by 2030 and bring down logistic cost for industry. She claimed safety measures undertaken in past years have borne results. To further strengthen, high-density and highly utilised network routes of Railways will be provided with indigenously developed automatic train protection system that will eliminate train collision due to human error, the Finance Minister said.

Union Budget 2021: record sum of Rs 1,10,055 crores for the Railways

FM: Govt. to provide record sum of &nbsp;₹1,10,055 crores to Railways&nbsp;
₹1,07,100 crores&nbsp;for Capital Expenditure only
FM highlights the National Rail Plan for India 2030

In the Union Budget 2021 speech, FM Nirmala Sitharaman said that the government will provide a record sum of Rs 1,10,055 crores to Railways of which Rs 1,07,100 crores will be for Capital Expenditure only.
Sitharaman spoke on the National Rail Plan for India 2030, stating the plan aims to create a future-ready railways system by 2030 and bring down the logistic cost for the industry.
She claimed safety measures undertaken in past years have borne results. To further strengthen, high-density and highly utilised network routes, Railways will be provided with indigenously developed automatic train protection system that will eliminate train collision due to human error, the Finance Minister said.
&nbsp;
Click here for <a href="https://www.editorji.com/watch-live" target="_blank" >Live Budget 2021</a> coverage, expert analysis and detailed discussions

Union Budget 2021: Amid farmer protests over the new farm laws, finance minister Nirmala Sitharaman listed the govt's sops for farmers.

Union Budget 2021: FM Nirmala Sitharaman says govt committed to farm welfare; Oppositions protest

Union Finance Minister announced an increase in agriculture credit target to ₹16.5 lakh crore in her Union Budget 2021 speech. Speaking on the farmers issue, FM Nirmala Sitharaman said that the Modi Govt is committed to the welfare of farmers as opposition parties raised protests on the floor. The FM said the MSP regime has undergone a change to assure price that is at least 1.5 times the cost of production across all commodities adding added that MSP procurement will continue at a steady pace.

FM Sitharaman says govt committed to farm welfare; Oppositions protest

FM reiterates commitment to farmers' welfare
Opposition parties protest on the house floor
Union Budget:&nbsp;increase in agri credit target to ₹16.5 lakh crore
FM:&nbsp;MSP procurement will continue at a steady pace

Amid farmer protests over the new farm laws, finance minister Nirmala Sitharaman listed the govt's sops for farmers. She announced an increase in agriculture credit target to ₹16.5 lakh crore in her Union Budget 2021 speech.
The FM said that the Modi govt is committed to the welfare of farmers even as opposition parties protested in the House. The FM said the MSP regime has undergone a change to assure price that is at least 1.5 times the cost of production across all commodities adding added that MSP procurement will continue at a steady pace.
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Click here for <a href="https://www.editorji.com/watch-live" target="_blank" >Live Budget 2021</a> coverage, expert analysis and detailed discussions

Rahul Gandhi took to Twitter on Monday to put out the expectations from Union Budget 2021. 

Rahul Gandhi tweets to flag what Union Budget 2021 must ensure

Rahul Gandhi took to Twitter on Monday to put out the expectations from Union Budget 2021. Continuing to stress on the need to create job opportunities, the Congress leader said Modi government&rsquo;s ninth Union Budget must support MSMEs, farmers and workers to generate employment. Rahul also expects an increase in healthcare expenditure to save lives. In the wake of ongoing border tensions, he also put forth his expectation from the budget with respect to defence expenditure. Budget 2021 must &lsquo;increase defence expenditure to safeguard borders&rsquo;, Rahul tweeted.

Rahul&nbsp;Gandhi on what Union Budget must provide
Budget must&nbsp;support MSMEs, farmers, workers&nbsp;
Rahul&nbsp;expects an increase in healthcare, defence&nbsp; expenditure

Rahul Gandhi took to Twitter on Monday to put out the expectations from <a href="https://www.editorji.com/story/union-budget-2021-goes-digital-sitharaman-replaces-bahi-khata-with-made-in-india-tablet-1612159210856" target="_blank" >Union Budget 2021</a>. Continuing to stress on the need to create job opportunities, the Congress leader said Modi government&rsquo;s ninth Union Budget must support MSMEs, farmers and workers to generate employment.
Rahul also expects an increase in healthcare expenditure to save lives. In the wake of ongoing border tensions, he also put forth his expectation from the budget with respect to defence expenditure. Budget 2021 must &lsquo;increase defence expenditure to safeguard borders&rsquo;, Rahul tweeted.
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Click here for <a href="https://www.editorji.com/watch-live" target="_blank" >Live Budget 2021</a> coverage, analysis and detailed discussions.

Finance Minister Nirmala Sitharaman on Monday announced the much-awaited voluntary vehicle scrapping policy to phase out old and polluting vehicles. 

Union Budget 2021: FM Nirmala Sitharaman announces voluntary vehicle scrapping policy 

Finance Minister Nirmala Sitharaman on Monday announced the much-awaited voluntary vehicle scrapping policy to phase out old and polluting vehicles. Presenting the Budget for 2021-22 in Parliament, Sitharaman said that under voluntary vehicle scrapping policy, personal vehicles would undergo fitness test after 20 years while commercial vehicles would require it after completion of 15 years. She said this will promote fuel-efficient and environment friendly vehicles while cutting on India's huge import bills.

FM Sitharaman announces voluntary vehicle scrapping policy 

Union Budget:&nbsp;voluntary vehicle scrapping policy announced
Fitness test for personal vehicles after 20 years
Commercial vehicles to take test after 15 years
Aim: to promote fuel-efficient, environment friendly vehicles
&nbsp;

Finance Minister Nirmala Sitharaman on Monday announced the much-awaited voluntary vehicle scrapping policy to phase out old and polluting vehicles.
Presenting the <a href="https://www.editorji.com/story/union-budget-2021-goes-digital-sitharaman-replaces-bahi-khata-with-made-in-india-tablet-1612159210856" target="_blank" >Budget for 2021-22</a> in Parliament, Sitharaman said that under voluntary vehicle scrapping policy, personal vehicles would undergo fitness test after 20 years while commercial vehicles would require it after completion of 15 years. She said this will promote fuel-efficient and environment friendly vehicles while cutting on India's huge import bills.
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Click here for <a href="https://www.editorji.com/watch-live" target="_blank" >Live Budget 2021</a> coverage, analysis and detailed discussions.

Union Finance Minister Nirmala Sitharaman outlined the six pillar of the Union Budget 2021 on Monday.

Budget 2021: FM Sitharam outlines the 'Six Pillars' as she presents Union Budget 2021

Union Finance Minister Nirmala Sitharaman outlined the six pillar of the Union Budget 2021 on Monday. Health and wellbeing, Infrastructure, Inclusive development, Development of human capital, Research and development, Minimum government, maximum governance- are the six pillars of the Union budget, the FM said as she presented the first paperless budget in the Parliament.

FM Sitharam outlines the 'Six Pillars' as she presents Union Budget 2021

FM Sitharaman&nbsp;outlined 6 pillars of Union Budget in speech
Health and wellbeing, Infrastructure - 2 important pillars
Inclusive development, R&amp;D also among 'Six Pillars'
FM upheld&nbsp;minimum government, maximum governance

Union Finance Minister Nirmala Sitharaman outlined the six pillars of the Union Budget 2021 on Monday. Health and wellbeing, Infrastructure, Inclusive development, Development of human capital, Research and development, Minimum government, maximum governance- are the six pillars of the Union budget, the FM said as she presented the first paperless budget in the Parliament.
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Click here for <a href="https://www.editorji.com/watch-live" target="_blank" >Live Budget 2021</a> coverage, analysis and detailed discussions.

Finance Minister Nirmala Sitharaman announced the PM Atmanirbhar Swasth Bharat Yojana which will spend Rs 64,180 crore on primary.

Union Budget 2021 for Health Sector: ₹64,180 cr health package

Finance Minister Nirmala Sitharaman announced the PM Atmabirbhar Swasth Bharat Yojana which will spend Rs 64,180 crore on primary, secondary and tertiary healthcare over a period of six years.
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Union Budget 2021: ₹64,180 cr health package

PM Atmabirbhar Swasth Bharat Yojana&nbsp;announced
₹64,180 cr to be spent on healthcare&nbsp;over 6 years
Govt&nbsp;to set up integrated public health labs
&nbsp;

Finance Minister Nirmala Sitharaman&nbsp;on Monday announced the PM Atmabirbhar Swasth Bharat Yojana which will spend ₹64,180 crore on primary, secondary and tertiary healthcare over a period of six years.&nbsp;This will be in addition to the National Health Mission, she said. 17,000 rural and 11,000 urban health and wellness centres to be set up. Sitharaman&nbsp;also announced that the government will establish integrated public health labs in each district.
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Click here for <a href="https://www.editorji.com/watch-live" target="_blank" >Live Budget 2021</a> coverage, analysis and detailed discussions.&nbsp;
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Union Budget 2021: Finance Minister Nirmala Sitharaman is all set to present the Government of India's Union Budget 2021-22 at 11 am today. 

Union Budget 2021: FM Sitharaman to deliver 'Budget like never before' at 11 AM today

Union Finance Minister Nirmala Sitharaman is all set to present the Government of India's Union Budget 2021-22 at 11 am today. A sound budget to drive economic recovery after the pandemic and provide relief to the average Indian is a need of the hour. As India emerges from the Covid-19 crisis, the ninth budget under the Modi government is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes and easing rules to attract foreign investments. Sitharaman, had earlier this month stated that the budget for the fiscal year beginning April will be "like never before". Finance Minister Nirmala Sitharaman had said that the budget for the FY2021 beginning April will be "like never before".

FM Sitharaman to present Union Budget 2021 at 11 AM today

FM Sitharaman&nbsp;to prresent&nbsp;Union Budget 2021 today
A sound budget to drive economic recovery need of the hour
Union Budget 2021 is the ninth budget under the Modi govt&nbsp;
Budget to focus on job creation, rural development
Sitharaman&nbsp;said it will be budget "like never before"
&nbsp;

Union Finance Minister Nirmala Sitharaman is all set to present the Government of India's <a href="https://www.editorji.com/story/union-budget-2021-everything-you-need-to-know-1612007856906" target="_blank" >Union Budget 2021-22</a> at 11 am today. A sound budget to drive economic recovery after the pandemic and provide relief to the average Indian is a need of the hour.
As India emerges from the <a href="https://www.editorji.com/covid-19" target="_blank" >Covid-19 crisis</a>, the ninth budget under the Modi government is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes and easing rules to attract foreign investments.
Sitharaman, had earlier this month stated that the budget for the fiscal year beginning April will be "like never before". Finance Minister Nirmala Sitharaman had said that the budget for the FY2021 beginning April will be "like never before".

India's healthcare sector is likely to garner maximum attention of the government in the Budget 2021 to be tabled on Monday.

Union Budget 2021: Healthcare likely to get top priority in Budget, says Survey

India's healthcare sector is likely to garner maximum attention of the government in the Budget 2021 to be tabled on Monday, as it comes in the face of the country braving a global pandemic, says a survey. The Assocham-Primus Partners survey covered more than 550 industry participants, 39.7 per cent of whom said healthcare would receive the highest priority in terms of resource allocation and policy support in the Budget.&nbsp; Manufacturing emerged as the second key sector expected to be in focus, with 14.7 per cent respondents expecting it to receive the Finance Minister's attention, followed by MSMEs (11.4 per cent), real estate (10.7 per cent) and infrastructure (9.6 per cent).

Healthcare likely to get top priority in Budget: Survey

India's <a href="https://www.editorji.com/story/what-s-in-budget-2021-for-the-healthcare-sector-1611844791822" target="_blank" >healthcare sector</a> is likely to garner maximum attention of the government in the <a href="https://www.editorji.com/story/union-budget-2021-everything-you-need-to-know-1612007856906" target="_blank" >Budget 2021</a> to be tabled on Monday, as it comes in the face of the country braving a global pandemic, says a survey.
The Assocham-Primus Partners survey covered more than 550 industry participants, 39.7 per cent of whom said healthcare would receive the highest priority in terms of resource allocation and policy support in the Budget.&nbsp;
Manufacturing emerged as the second key sector expected to be in focus, with 14.7 per cent respondents expecting it to receive the Finance Minister's attention, followed by MSMEs (11.4 per cent), real estate (10.7 per cent) and infrastructure (9.6 per cent).

Finance Minister Nirmala Sitharaman will present her third budget under the NDA government on February 1, at 11 am. 

Union Budget 2021: Everything you need to know

Finance Minister Nirmala Sitharaman will present her third budget under the NDA government on February 1, at 11 am. This year's budget is significant as it comes at a time when India's economy is battling&nbsp;a slowdown caused by the Covid-19 pandemic.
In a first, Budget 2021 will go paperless and will be accessed via the Budget mobile app. Budget documents will be available in Hindi and English on Budget day for members of parliament (MPs), media, public and other key stakeholders. The app can be downloaded from the Union Budget website.
The budget is expected to be expansionary with the higher than trend expenditure allocations for infrastructure, healthcare and Make-in-India measures. There would also be an additional head of expenditure in this budget &ndash; the Covid-19 vaccination program. The government is expected to incur costs to the tune of ₹12,000 crore towards vaccinating citizens. On the funding front, privatisation, asset monetisation policy would also remain under the radar to partly offset a Covid-induced shortfall in tax revenues thereby containing deficit.
New Initiatives that can be announced keeping in mind future growth could be;&nbsp; 1. the setting up of a development financial institution for infrastructure development with an initial equity infusion from the government;&nbsp; 2. setting up of a bad bank for taking over stressed assets from the books of banks, freeing capital for them to undertake fresh lending;&nbsp; 3. setting up of a financial institution for taking over stalled projects.

Finance Minister <a href="https://www.editorji.com/story/fm-sitharaman-to-deliver-budget-like-never-before-at-11-am-today-1612147678191" target="_blank" >Nirmala Sitharaman</a> will present her third budget under the NDA government on February 1, at 11 am. This year's budget is significant as it comes at a time when India's economy is battling&nbsp;a slowdown caused by the Covid-19 pandemic.
In a first, Budget 2021 will go paperless and will be accessed via the <a href="https://www.editorji.com/story/fm-kicks-of-budget-2021-with-halwa-ceremony-launches-budget-app-1611423253418" target="_blank" >Budget mobile app</a>. Budget documents will be available in Hindi and English on Budget day for members of parliament (MPs), media, public and other key stakeholders. The app can be downloaded from the Union Budget website.
The budget is expected to be expansionary with the higher than trend expenditure allocations for infrastructure, <a href="https://www.editorji.com/story/what-s-in-budget-2021-for-the-healthcare-sector-1611844791822" target="_blank" >healthcare</a> and Make-in-India measures. There would also be an additional head of expenditure in this budget &ndash; the <a href="https://www.editorji.com/covid-19" target="_blank" >Covid-19 vaccination program</a>.
The government is expected to incur costs to the tune of ₹12,000 crore towards vaccinating citizens. On the funding front, privatisation, asset monetisation policy would also remain under the radar to partly offset a Covid-induced shortfall in tax revenues thereby containing deficit.
New Initiatives that can be announced keeping in mind future growth could be;&nbsp;
1. the setting up of a development financial institution for infrastructure development with an initial equity infusion from the government; 2. setting up of a bad bank for taking over stressed assets from the books of banks, freeing capital for them to undertake fresh lending;&nbsp; 3. setting up of a financial institution for taking over stalled projects.

Budget 2021 India: PM Modi on Friday said FM Nirmala Sitharaman had to give four-five mini-budgets in the form of packages in 2020.

Union Budget 2021: FM Nirmala Sitharaman presented 4-5 mini budgets in 2020, says PM Narendra Modi

FM gave four-five mini-budgets in 2020, upcoming budget will be seen as part of that series: PM Modi

FM presented 4-5 mini budgets as packages in 2020: PM Modi 

Prime Minister Narendra Modi on Friday said Finance Minister Nirmala Sitharaman had to give four-five mini-budgets in the form of packages in 2020 and expressed confidence that the upcoming budget would also be seen as part of that series. Speaking before the start of Parliament's Budget Session, PM Modi said the first session of this decade commences on Friday and emphasised that this decade is very important for the bright future of India.&nbsp;
Byte: 4-5 budgets

Prime Minister Narendra Modi on Friday said Finance Minister Nirmala Sitharaman had to give four-five mini-budgets in the form of packages in 2020 and expressed confidence that the upcoming budget would also be seen as part of that series.
Speaking before the start of Parliament's <a href="https://www.editorji.com/story/union-budget-2021-what-startups-expect-from-the-govt-1611850375790" target="_blank" >Budget Session</a>, PM Modi said the first session of this decade commences on Friday and emphasised that this decade is very important for the bright future of India. Keeping in mind this decade, there should be discussions and presentation of different views this session, he said.
The prime minister expressed confidence that MPs will not shy away from contributing to make full use of Parliament for fulfilling people's aspirations.

With India gradually coming out of the Covid-19 pain, the sectors which were hit hard are now looking at the Union Budget for a booster shot. 

Union Budget 2021: What startups expect from the Modi government?

With India gradually coming out of the Covid-19 pain, the sectors which were hit hard are now looking at the Union Budget for a booster shot.&nbsp;
India's startup ecosystem -- which is the third largest in the world -- witnessed an unprecedented situation last year with their funds running out.&nbsp;
Almost 40% startups halted operations in May 2020, as per a Nasscom report.&nbsp;
India is home to 21 unicorns valued at $73.2 billion and as per some estimates, more than 50 startups might join the unicorn club as early as 2022.&nbsp;
The county's startup ecosystem has the potential to create up to 12.5 lakh direct jobs by 2025, from around 4 lakh direct jobs in 2019, as per a Nasscom report.&nbsp; '
In the pandemic stricken 2020, India witnessed a sharp 44.4% drop in the total number of tech start-ups being founded at 3,061, compared to 5,509 in 2019.
All eyes are now on budget.
Startups expect the taxation scheme for MSMEs to be revised and reduced to help them escalate more rapidly. Additionally, the loan approval process for MSMEs should be simplified.
Experts expect the government to incentivise startup funding and focus on relaxing policies to motivate angel investors to invest more.
The current threshold to be labeled as a startup -- which is ₹100 cr -- should be increased to leverage the exemptions allowed under this tag.
The sector is seeking changes in regulations that presently prevent large enterprises, such as the LIC and pension funds, from investing in alternate investment funds (AIFs). This would encourage more domestic investors to participate in the startup ecosystem.
Direct international listing is something startups with some scale would prefer.
Clarity is needed on exception-based approach for applicability of angel tax.
Electric vehicle startups expect the government to make EVs affordable through retail financing, just like conventional two-wheelers.

Union Budget 2021: What startups expect from the govt?

With India gradually coming out of the Covid-19 pain, the sectors which were hit hard are now looking at the <a href="https://www.editorji.com/story/fm-presented-4-5-mini-budgets-as-packages-in-2020-pm-modi-1611903777989" target="_blank" >Union Budget</a> for a booster shot.&nbsp;
India's startup ecosystem -- which is the third largest in the world -- witnessed an unprecedented situation last year with their funds running out.&nbsp;
Almost 40% startups halted operations in May 2020, as per a Nasscom report.&nbsp;
India is home to 21 unicorns valued at $73.2 billion and as per some estimates, more than 50 startups might join the unicorn club as early as 2022.&nbsp;
The county's startup ecosystem has the potential to create up to 12.5 lakh direct jobs by 2025, from around 4 lakh direct jobs in 2019, as per a Nasscom report.&nbsp; '
In the pandemic stricken 2020, India witnessed a sharp 44.4% drop in the total number of tech start-ups being founded at 3,061, compared to 5,509 in 2019.
All eyes are now on budget.
Startups expect the taxation scheme for MSMEs to be revised and reduced to help them escalate more rapidly. Additionally, the loan approval process for MSMEs should be simplified.
Experts expect the government to incentivise startup funding and focus on relaxing policies to motivate angel investors to invest more.
The current threshold to be labeled as a startup -- which is ₹100 cr -- should be increased to leverage the exemptions allowed under this tag.
The sector is seeking changes in regulations that presently prevent large enterprises, such as the LIC and pension funds, from investing in alternate investment funds (AIFs). This would encourage more domestic investors to participate in the startup ecosystem.
Direct international listing is something startups with some scale would prefer.
Clarity is needed on exception-based approach for applicability of angel tax.
Electric vehicle startups expect the government to make EVs affordable through retail financing, just like conventional two-wheelers.

In the fight against Covid-19, our healthcare workers have emerged as frontline warriors, but the pandemic has laid bare several challenges that our public healthcare sy

Union Budget 2021: What's in Budget 2021 for the healthcare sector?

In the fight against Covid-19, our healthcare workers have emerged as frontline warriors. What kind of incentives should the government factor in for the healthcare sector this budget? Arvind Sharma, Partner, Shardul Amarchand Mangaldas &amp; Co. sheds some light on the issue. Write in to arvind.sharma@amsshardul.comto know more! This feature has been jointly produced by Fortune India and editorji
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What's in Budget 2021 for the healthcare sector?

In the fight against Covid-19, our healthcare workers have emerged as frontline warriors, but the pandemic has laid bare several challenges that our public healthcare system has been grappling with. What kind of incentives should the government factor in for the healthcare sector this budget? Arvind Sharma, Partner, Shardul Amarchand Mangaldas &amp; Co. sheds some light on the issue. Write in to arvind.sharma@amsshardul.com to know more! This feature has been jointly produced by Fortune India and editorji

In the fight against <a href="https://www.editorji.com/covid-19" target="_blank" >Covid-19</a>, our healthcare workers have emerged as frontline warriors, but the pandemic has laid bare several challenges that our public healthcare system has been grappling with.
What kind of incentives should the government factor in for the healthcare sector this budget? Arvind Sharma, Partner, Shardul Amarchand Mangaldas &amp; Co. sheds some light on the issue.
Write in to arvind.sharma@amsshardul.com to know more! This feature has been jointly produced by Fortune India and editorji

Union Budget 2021:  2021 was unprecedented for farmers and the agriculture sector across India.

Union Budget 2021: What should be the priorities for agriculture sector?

2021 was unprecedented for farmers and the agriculture sector across India.
First the coronavirus pandemic and the lockdown that followed, crippled food supply chains nationwide.
Then came the massive agitation by farmers against the Centre's three new farm laws.
With talks with farmer unions deadlocked, the govt is expected to roll out some measures to try and pacify the farming community.
The government aims to double the income of farmers by 2022; so the prime focus is expected to be on infrastructure.
The pandemic hit agricultural operations hard. Farming operations suffered due to infrastructure bottlenecks such as supply chain distortions, non-availability of credit, lack of quality inputs and marketing infrastructure.
So, the govt should rethink its development strategy towards building the infrastructure supporting agriculture and allied sectors.
Allocation of funds towards fast-tracking of existing projects in rural infrastructure development, such as rural roads and irrigation, should be a key focus area.
More allocation is expected towards the development of storage and warehousing facilities such as packhouses, cold storage and vehicles for transportation.
The PM-Kisan Samman Nidhi, an initiative which provides up to ₹6,000 annually to an agricultural household as income security, needs to be enhanced.
The coverage of the scheme should be widened by taking tenants, landless agricultural workers and female farmers, into its ambit.
There is also a need to increase allocation towards the addition of more Farmer Producer Organisations or FPOs.
The formation of 10,000 new farmer producer organisations (FPOs) as proposed for fiscal 2021 can cater to only 7% of the farming population.
FPOs have a big role to play in not only building socio-economic resilience of farmers but also in achieving several sustainable development goals.
The govt should also strengthen existing FPOs to improve and establish market linkage for all small farmers.
Farmers expect the budget should enunciate strategies that promote new-age technologies, and encourages data-driven solutions for intelligent farming.
The govt could exempt GST on machines purchased for the agricultural sector.
Loans to the agricultural sector via NBFCs should also be classified as Priority Sector Lending (PSL) credit.
The govt has already implemented a number of schemes for agriculture, such as direct benefit transfer under PM Kisan, MGNREGA scheme for farm workers, a Rs 1 lakh crore agriculture infrastructure fund.
The govt should look to build on that, in order to allay fears of the farming community.

Union Budget 2021: What do farmers expect from the govt?

2021 was unprecedented for farmers and the agriculture sector across India. First the <a href="https://www.editorji.com/covid-19" target="_blank" >coronavirus pandemic</a> and the lockdown that followed, crippled food supply chains nationwide.
Then came the massive agitation by farmers against the Centre's three new farm laws. With talks with farmer unions deadlocked, the govt is expected to roll out some measures to try and pacify the farming community.
The government aims to double the income of farmers by 2022; so the prime focus is expected to be on infrastructure.
The pandemic hit agricultural operations hard. Farming operations suffered due to infrastructure bottlenecks such as supply chain distortions, non-availability of credit, lack of quality inputs and marketing infrastructure.
So, the govt should rethink its development strategy towards building the infrastructure supporting agriculture and allied sectors.
Allocation of funds towards fast-tracking of existing projects in rural infrastructure development, such as rural roads and irrigation, should be a key focus area.
More allocation is expected towards the development of storage and warehousing facilities such as packhouses, cold storage and vehicles for transportation.
The <a href="https://www.editorji.com/story/pm-modi-to-release-pm-kisan-instalment-worth-18000-cr-1608728054847" target="_blank" >PM-Kisan Samman Nidhi</a>, an initiative which provides up to ₹6,000 annually to an agricultural household as income security, needs to be enhanced.
The coverage of the scheme should be widened by taking tenants, landless agricultural workers and female farmers, into its ambit. There is also a need to increase allocation towards the addition of more Farmer Producer Organisations or FPOs.
The formation of 10,000 new farmer producer organisations (FPOs) as proposed for fiscal 2021 can cater to only 7% of the farming population.
FPOs have a big role to play in not only building socio-economic resilience of farmers but also in achieving several sustainable development goals.
The govt should also strengthen existing FPOs to improve and establish market linkage for all small farmers. Farmers expect the budget should enunciate strategies that promote new-age technologies, and encourages data-driven solutions for intelligent farming.
The govt could exempt GST on machines purchased for the agricultural sector. Loans to the agricultural sector via NBFCs should also be classified as Priority Sector Lending (PSL) credit.
The govt has already implemented a number of schemes for agriculture, such as direct benefit transfer under PM Kisan, MGNREGA scheme for farm workers, a Rs 1 lakh crore agriculture infrastructure fund.
The govt should look to build on that, in order to allay fears of the farming community.

The government also plans stake sales in IDBI Bank, Central Bank of India and Punjab & Sind Bank, as per the report.

Union Budget 2021: Modi Government may announce stake-sale plans in LIC, IDBI Bank

The government may announce to sell a 10-15% stake in the country's biggest insurer Life Insurance Corporation or LIC&nbsp;in next week's union budget, as part of a privatisation push to improve public finances, government sources told&nbsp;Reuters.
The government had announced plans to sell its stake in LIC last year but it got delayed by legal and administrative hurdles, the report said.
The government also plans stake sales in IDBI Bank,&nbsp;Central Bank of India&nbsp;and Punjab &amp; Sind Bank, as per the report.
Together, the plan is to raise up to ₹3 lakh&nbsp;crore&nbsp;in the next financial year, partly to set off the shortfall in the proceeds this year.

Budget 2021: Govt may announce stake-sale plans in LIC, IDBI Bank

The government may announce to sell a 10-15% stake in Life Insurance Corporation in next week's union budget, as part of a privatisation push to improve public finances, as per a Reuters report. The government also plans stake sales in IDBI Bank,&nbsp;Central Bank of India&nbsp;and Punjab &amp; Sind Bank. Together, the plan is to raise up to ₹3 lakh&nbsp;crore&nbsp;in the next financial year, partly to set off the shortfall in the proceeds this year.

The government may announce to sell a 10-15% stake in the country's biggest insurer Life Insurance Corporation or LIC&nbsp;in next week's union budget, as part of a privatisation push to improve public finances, government sources told&nbsp;Reuters.
The government had announced plans to sell its stake in LIC last year but it got delayed by legal and administrative hurdles, the report said.
The government also plans stake sales in IDBI Bank,&nbsp;Central Bank of India&nbsp;and Punjab &amp; Sind Bank, as per the report.
Together, the plan is to raise up to ₹3 lakh&nbsp;crore&nbsp;in the next financial year, partly to set off the shortfall in the proceeds this year.

Union Budget 2021: Ahead of India's annual budget presentation next week, IMF chief economist Gita Gopinath has favoured the extension of the pandemic support measures. 

Union Budget 2021: Gita Gopinath bats for extending pandemic support

Ahead of India's annual budget presentation next week, IMF chief economist Gita Gopinath has favoured the extension of the pandemic support measures

Budget 2021: Gita Gopinath bats for extending pandemic support

Ahead of India's annual budget presentation next week, IMF chief economist Gita Gopinath has favoured the extension of the pandemic support measures. She has also pitched for thrust on investment in infrastructure and expanding health sectors programmes like Ayushman Bharat, and a very credible divestment path for commercially viable companies. The Indian government has provided a lot of schemes for small and medium enterprises, most of which is in the form of liquidity support, Gopinath told PTI. She added that it would be a good time for banks and Non-Banking Financial Companies to raise capital given the attractiveness of financing conditions at this point

Ahead of <a href="https://www.editorji.com/story/mind-over-matter-will-fm-budget-for-india-s-mental-health-pandemic-1611647339304" target="_blank" >India's annual budget</a> presentation next week, IMF chief economist Gita Gopinath has favoured the extension of the pandemic support measures.
She has also pitched for thrust on investment in infrastructure and expanding health sectors programmes like Ayushman Bharat, and a very credible divestment path for commercially viable companies.
The Indian government has provided a lot of schemes for small and medium enterprises, most of which is in the form of liquidity support, Gopinath told PTI.
She added that it would be a good time for banks and Non-Banking Financial Companies to raise capital given the attractiveness of financing conditions at this point

union budget 2021

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