Budget

Sitharaman announces a policy of strategic disinvestment The government aims at making use of an estimated Rs.175,000 crore receipts from disinvestment proceeds in BE 2021-22 to finance various social sector and developmental programmes and also to infuse private capital, technology...

Housing got a big boost The healthcare got the highest priority in resource allocation and policy support including Rs.64,180 crore outlay under the Prime Minister Aatmanirbhar Swastha Bharat scheme from the Union Budget 2021-22 presented by Finance Minister Nirmala Sitharaman...

Boost to infrastructure spending would kindle demand for infra-focused NBFCs The public sector banks (PSBs) capital requirements would rise on account of the estimated Rs.23,000 crore Additional Tier I (AT-I) bonds where a call option would fall due next year,...

Puri says the budget needs to focus on larger market Given that real estate contributes more than 8% to the Indian economy, it has justifiable expectations from the Union Budget 2021-22 as there are several opportunities to give the sector...

Sitharaman assures for taking note of all inputs The Government is seeking growth-inducing big ideas and inputs derived from introspection by industry, which would be used for creating a ‘Budget as never before’ and help India emerge as the engine...

Marketing a big challenge for exporters, says FIEO The Federation of Indian Export Organizations (FIEO) wants the Government to accord “deemed export status” to Indian companies winning contracts under the Global tender. FIEO has suggested these companies “may be accorded...

Sitharaman wants to incentivize people to boost demand Finance and Corporate Affairs Minister Nirmala Sitharaman has announced measures of Rs.73,000 crore to stimulate consumer spending in the economy to fight the slowdown due to COVID-19 pandemic following lockdown. While announcing...

Mumbai–Kanyakumari Economic Corridor to improve west-coast A total of 35,000 km of National Highways are being developed in the country as a part of Bharatmala Pariyojana which was conceptualized through a scientific study of freight traffic movement between key origin-destination...

Govt gets funding to mitigate the impact of COVID-19 The Asian Infrastructure Investment Bank (AIIB) is providing US$750 million “COVID-19 Active Response and Expenditure Support Programme” to assist India to strengthen its response to the adverse impacts of the pandemic...

Railway 2019-20 capital expenditure up by 20.1%/year With a proposed investment of Rs.50 lakh crores until 2030, the revised Budget 2019 has laid the road map for Railways to become the growth engine of the country. The allocation for capital...