Vaccinating people is supposed to arrest Covid-19. However, vaccinating the billion plus strong Indian populace needs deep pockets. With vaccine makers demanding their pound of flesh, it is going to be a tall order for India. How quickly can India vaccinate its billions will be watched closely by many?
President Joe Biden has a $6 trillion re’imagine’ budget to boost the U.S economy. It is a bold plan but with nascent growth and threatening inflation, the path ahead is not going to be easy. He has already irked the super-rich with his plans to tax them. Everyone is watching the U.S
The CBDT has notified norms relating to taxing of non-resident Indians or NRIs. All such businesses which have a business of Rs 2 crore and more and catering to 3 lakh or more persons in the country will be governed by the norms which were part of Union Budget 2021-22 proposals
Nations across the globe are busy printing billions of dollars in stimuli to ward off the impact of the virus. While economic recovery hasn't been uniform the stimuli has stoked fears of inflation. Asset prices in particular, food prices have started rising directly impacting the lives of millions of poor people.
The US President Joe Biden has withdrawn the nomination to make Neera Tanden his budget director. Tandon is the first candidate to fail to become a minister in the newly elected US administration.
Budget-2021 had a googly for salaried people when the Union FM Nirmala Sitharaman announced that EPF interest in excess of ₹2.5 lakh would be taxable. Some of the account holders apparently had huge sums of money in their EPF accounts forcing this new proposal to come into being.
THE annual budget exercise in India is often expected to be a please-all exercise, which it seldom is. An online survey during Budget-2021 has established this hard fact. Although the number of respondents (~1,300 persons) is too small a sample size to be considered, it does indicate the sentiment in the minds of the general public at large. […]
INDIAN Union budgets invariably carry a negative surprise element in the form of additional dose of taxes and Union Budget-2021 was no different. The 3rd budget of India’s first full-time lady finance minister, Nirmala Sitharaman announced the levy of the Agriculture Infrastructure Development Cess or AIDC. Fuelling the intent If on the one hand, the levy of this […]
Unmindful of the fiscal constraints, India's budget for 2021-22 is focussed on boosting growth in Asia's third largest economy
Budget 2021 that was presented earlier this week was referred to by many as the ‘economic vaccine’ Budget because it gave large allotments to the fight against COVID19. Is the allotment enough to help India battle the pandemic? Here’s what you need to know. According to Union Minister Dr. Jitendra Singh, the Budget is in […]
The thrust of Union Budget 2021 has been on local manufacturing sector, Micro, Small and Medium Enterprises (MSME), so a number of products that are imported have become costlier.
It is the second time in a row that the Union Finance Minister quoted Tamil saint and poet Thiruvalluvar. Here is why.
Union Finance Minister Nirmala Sitharaman while presenting her third budget said budget outlay for Health and Well-being will be Rs. 2,23,846 crore.
Finance Minister Nirmala Sitharaman on Monday allocated crores of rupees to Tamil Nadu, Kerala, West Bengal and Assam ahead of Assembly polls.
The Finance Minister's speech will be closely watched as it is being touted as a historic budget.
Budgets are all about allocations and taxes. The Indian corporate sector which got a juicy dollop of tax reduction in 2019 is keeping a close tab on Budget-2021. India’s alcoholic beverages (alcobev) industry is also monitoring what the budget has to offer. Not impacted yet impacted Strictly speaking, taxation of the alcobev industry falls under […]
The world of cryptocurrency is expected to come under regulatory gaze in India. One of the bills being put up for discussion in the ongoing Budget session of the Indian Parliament relates to cryptocurrency. What is planned? The proposed bill is called The Cryptocurrency & Regulation of Official Digital Currency Bill, 2021 seeks to “facilitate […]
EDUCATION is one of the key social infrastructure sectors. Everyone acknowledges that investments made in this sector can beneficial to society at large. The role of foreign direct investment or FDI in India’s education sector can’t be understated. There is greater realisation among the powers-that-be that investing in the Indian educational system will also help […]
For the Tata group, it would be a solo flight aboard the Maharaja as Singapore Airlines has reportedly refused to accept the boarding pass!