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The Finance Minister began her Budget speech at 11 a.m. for the third time in the National Democratic Alliance (NDA) government led by Prime Minister Modi.
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In a tweet after the Budget, he said, "Forget putting cash in the hands of people, Modi Govt plans to handover India's assets to his crony capitalist friends."
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Damodar Kochkar, president of the Goa Small Industries Association said that the focus on infrastructure spending was a good sign for the small industries.
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The additional deduction of 1.5 lakh shall therefore be available for loans taken up to 31st March 2022, for the purchase of the affordable housing, Sitharaman said.
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"For accessible higher education in Ladakh. I propose to set up a central university in Leh," said Sitharaman while presenting the Budget in the Parliament.
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Unveiling the PSE policy in Budget 2021-22, Finance Minister Nirmala Sitharaman said barring four strategic areas, public sector companies in other sectors will be divested.
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The Code will include SEBI Act, Govt Securities Act and Depositories Act. All these Acts will be amended for the Code.
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These projects would be undertaken through public private partnership (PPP) mode, Sitharaman said in her Budget 2021 speech.
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In the first paperless Union Budget, Finance Minister Nirmala Sitharaman also said investor charter would be introduced as a right of all financial investors across all financial products.
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At present, a large number of power distribution utilities (discoms) across the country are state-owned.
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India had earlier in January approved two vaccines -- Oxford's Covishield manufactured by SII and Bharat Biotech's Covaxin -- for restricted emergency use.
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Finance minister may announce plan to revive cash-strapped electricity distribution utilities in budget
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A major portion of the legislative agenda would include introduction and passage of several economic bills that aim at carrying the reform agenda of the government.
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Finance Minister Nirmala Sitharaman had announced that a new policy on PSU privatisation will be announced whereby a list of strategic sectors requiring presence of PSEs in public interest will be notified.
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"Agriculture credit target for the year 2020-21 has been set up at Rs 15 lakh crore," Finance Minister Nirmala Sitharaman.
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Seeks Centre's support to Pharma City, Kaleshwaram Project, Electronic manufacturing clusters.
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Restoration and creation of jobs must be high on Sitharaman's to-do list that will set the tone for a double-digit growth
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This is a historic move as it will be for the first time in the history of independent India that the budget papers will not be printed.
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This would be a 100 per cent jump from the Budget estimate of 3.5 per cent of GDP pegged for the current fiscal
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As a pro-growth government, its intentions are in the right direction. It is, however, also important that it introduces other measures that have the potential to play a catalytic role.