Union Finance Minister Nirmala Sitharama has presented the Union Budget for the year 2021-22. The first paperless budget is expected to work as an economic vaccine that will pave way for revival of the Indian economy.
PM Narendra Modi said he has not seen so many positive announcements in the first hour of a Budget speech earlier.
For those who do not maintain their vehicles well, this is a boon and for those who maintain their vehicles well, it would be a hill climb, said expert Tutu Dhawan.
The market capitalisation of BSE-listed firms jumped by Rs 5.20 lakh crore to Rs 191.32 lakh crore.
Senior citizens over 75 years of age have been exempted from filing income tax returns.
FDI limit for insurance sector increased from 49 per cent to 74 per cent in insurance companies and allow foreign ownership and control with safeguards.
Congress spokesperson Manish Tewari also alleged that the budget was a "national monetisation plan -- short hand for National Sell out" and there was "no central focus in Budget".
Customs duty on copper scrap is reduced from 5% to 2.5% while customs duty on cotton is hiked from 0% to 10%. The duty on raw silk and silk yarn is also raised from 10% to 15%. To support domestic manufacturing in the solar sector, the duty increased for solar inverters from 5% to 20%. […]
No Income Tax Return (ITR) filing for senior citizens above 75 years having pension and interest income.