Govt has issued following notifications related to Excise and Custom duty to give effect to Provisions of Union Budget 2021- –Notification Nos. 02/2021-Customs to 15/2021-Customs -Notification Nos. 09/2021-Customs (N.T.) to 12/2021-Customs -Notification Nos. 05/2021-Customs (ADD) to 07/2021-Customs (ADD) -Notification Nos. 01/2021-Customs (ADD) to 02/2021-Customs (CVD) -Notification No. 01/2021-Central Excise to 07/2021-Central Excise A. Explanatory Memoranda […]
Smt. Nirmala Sitharaman announced that the Government will amend the Insurance Act, 1938 to increase the permissible FDI limit from 49% to 74% and allow foreign ownership and control with safeguards.
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.
Nirmala Sitharaman announced that the Government will consolidate the provisions of SEBI Act, 1992, Depositories Act, 1996, Securities Contracts (Regulation) Act, 1956 and Government Securities Act, 2007 into a rationaliszed single Securities Markets Code.
One Nation One Ration Card plan is under implementation by 32 states and UTs, reaching about 69 crore beneficiaries – that’s a total of 86% beneficiaries covered
The Finance Minister proposed to take up decriminalisation of the Limited Liability Partnership (LLP) Act, 2008 on similar lines of the decriminalising of the procedural and technical compoundable offences under the Companies Act, 2013, which is now complete.
Finance Minister provided relief to senior citizens in filing of income tax returns, reduced time limit for income tax proceedings, announced setting up of the Dispute Resolution Committee, faceless ITAT, relaxation to NRIs, increase in exemption limit from audit and relief for dividend income.
Ministry of Finance UNION FINANCE MINISTER SAYS EVERY POSSIBLE MEASURE SHALL BE TAKEN TO SMOOTHEN THE GST CUSTOM DUTY STRUCTURE TO BE OVERHAULED, OVER 400 OLD EXEMPTIONS TO BE REVIEWED CUSTOMS DUTY HIKED PROPOSED ON SOME MOBILE PARTS, AUTO PARTS AND COTTON PHASED MANUFACTURING PLAN FOR SOLAR CELLS / PANELS TO BE NOTIFIED AIDC CESS […]
Budget 2021 proposed a boost for the healthcare sector with a significant increase of 137% in the outlay. The decision of a total spend of around Rs.2 lakh crore on healthcare with Rs.35000 crore on Covid-19 vaccine development and inoculation is a much needed step.
Finance Minister Smt. Nirmala Sitharaman has presented her third and India’s First Ever Digital Budget today. We have uploaded here Union Finance Bill 2021 i.e. Budget 2021. Download Union Finance Bill 2021 / Budget 2021 Full Text of the Union Budget 2021 is as follows:- AS INTRODUCED IN LOK SABHA ON 1ST FEBRUARY, 2021 Bill […]
