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Summary of the Budget 2021-22

  PART-A The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman presented the Union Budget 2021-22 in Parliament today, which is the first budget of this new decade and also a digital one in the backdrop of unprecedented COVID-19 crisis. Laying a vision for AatmaNirbhar Bharat, she said this is an expression of 130 crore Indians who have ...

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Decriminalisation of the Limited Liability Partnership (LLP) Act, 2008 proposed

Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman proposed reforms for small companies and MSMEs to strengthen Start up ecosystem, while presenting Union Budget 2021-22 in Parliament here today. Decriminalisation of the Limited Liability Partnership (LLP) Act, 2008 The Finance Minister proposed to take up decriminalisation of the Limited Liability Partnership (LLP) Act, 2008 on similar lines of ...

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Union Finance Minister says Every Possible Measure shall be taken to smoothen the GST

With an aim to rationalize custom duty structure, ease compliance and give impetus to domestic manufacturing, the Union Budget 2021-22 has several indirect tax proposals. The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman tabled the Union Budget 2021-22 in Parliament today. FURTHER SIMPLIFICATION OF GST Smt. Sitharaman, in her budget speech, said that record GST collections have ...

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Rs 1,624 Crore subsidy support to indian shipping companies to promote flagging of merchant ships in India

Seven projects worth more than Rs 2,000 crore will be offered by the major ports on Public private partnership mode in FY21-22. This was stated by the Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman while presenting Union Budget 2021-22 in Parliament today. Major ports will be moving from managing their operational services on their own to a ...

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Govt. announces launch of Mega Investment Textiles Parks scheme to make Indian textile industry globally competitive

The Government has proposed a scheme of Mega Investment Textiles Parks (MITRA) to enable the textile industry to become globally competitive, attract large investments, boost employment generation and exports. Presenting the Union Budget  2021-22 in the parliament today, Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman said that this will create world class infrastructure with plug and play facilities ...

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Experts from central region discussed indigenization of technology, patent and IP rules for grassroot innovators at STIP consultation

Eminent Scientists, thought leaders, academicians, and industry experts of Central Indiahighlighted the need for indigenization of technology, focus on traditional medicine system like AYUSH, the role of states in reaching out on rural issues, patent and IP rules for grassroot innovators at the 4th STIP post-draft consultation titled “NitiCharcha” recently. “COVID 19 has brought a new dimension to science, technology, and innovation (STI) ...

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Details of Voluntary Scrappage Policy to be declared within 15 days : Nitin Gadkari

Union Minister for MSME and Road Transport & Highways, Sh. Nitin Gadkari has welcomed the Voluntary Scrappage Policy announced in the Union Budget, and said thatdeclaration of thedetails of the  policy will be done within 15 days from today. In his post-budget interaction with the media at his residence, Sh. Gadkari said that the scrappage policy will lead to new ...

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OPTCL INKS MOU WITH IIT BHUBANESWAR

Odisha Power Transmission Corporation Limited today signed an MoU with Indian Institute of Technology, Bhubaneswar for establishment of OPTCL Chair position in IIT Bhubaneswar in presence of Minister Energy,Govt. of Odisha Sri Dibya Shankar Mishra. Present on the occasion were Dr. Saurabh Garg, IAS Chairman OPTCL and Prof. R.V Rajakumar, Director, IIT, Bhubaneswar, Sri Sanjeev Singh,MD of OPTCL, Sri Trilochan ...

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First Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation, 2019-20

The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation has released the First Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation for the financial year 2019-20 along with Second Revised Estimates for the financial year 2018-19 and Third Revised Estimates for the financial year 2017-18 (with Base Year 2011-12) as per the revision policy*. Earlier ...

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KVIC Distrubutes Charkha, Looms, Garment Machines to 2250 Artisans in West Bengal to Boost Local Employment

Khadi and Village Industries Commission (KVIC) rolled out a massive employment drive benefitting 2250 artisan families in Malda district of West Bengal on Friday. Aiming to create sustainable livelihood opportunities in the state, KVIC Chairman Shri Vinai Kumar Saxena distributed 1155 new model charkhas, 435 Silk Charkhas, 235 readymade garment making machines, 230 modern looms and 135 reeling basins to ...

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