Department for Promotion of Industry and Internal Trade Secretary Guruprasad Mohapatra on Friday said that the measures envisaged in the Budget for 2021-22 will further boost the startups in the country. Here are the 4 things that you need to know.
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Transparency, tax stability key guiding principles of Budget 2021-22: FM | Business Standard News
Press Trust of India | New Delhi Last Updated at February 5, 2021 20:31 IST
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Finance Minister Nirmala Sitharaman on Friday said transparency and tax stability were the key guiding principle of Budget 2021-22.
Contrary to the expectations of a COVID-19 tax, the government has chosen to fund the budget stimulus through higher borrowing rather than increased taxes, she said while addressing members of industry chamber CII.
Winners of Budget 2021: Five stocks that rose up to 64% since Feb 1
From the low of 46,285 on January 29, Sensex has surged 4,788 points or 10.34% to 51,073 in just five sessions
Union Budget 2021 is seen as a reformist one by markets after FM Nirmala Sitharaman outlined higher fiscal deficit limits and privatisation plans for economic recovery on February 1. Apart from the positive sentiment in broader markets, individual stocks have also zoomed up to 64% in five sessions. Here's a look at top five stocks among them.
Budget 2021: Govt to revise definition of small companies, says FM | Business Standard News
Press Trust of India | New Delhi Last Updated at February 1, 2021 12:25 IST
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The government on Monday said definition of small companies will be revised by raising capital base to Rs 2 crore from the current limit of Rs 50 lakh.
In the Union Budget for 2021-22, Finance Minister Nirmala Sitharaman proposed setting up of investor charter across financial products.
She said an asset reconstruction and management company will be set up for stressed assets of banks, while also stating that the National Company Law Tribunal (NCLT) framework will be strengthened.
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Top stocks that are likely to benefit from FM's Budget proposals | Business Standard News
Saloni Goel | New Delhi Last Updated at February 2, 2021 19:55 IST
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The Union Budget gave a shot in the arm to the stock market bulls as the benchmark indices rallied nearly 8 per cent in the last two days, wherein they not only wiped off the losses witnessed last week but also reclaimed the 50,000 mark on the BSE barometer Sensex.
In the Union Budget, the focus was on agriculture credit, irrigation, and marketing of agriculture produce. The government also revised fertiliser subsidy allocation to Rs 1,339 billion for FY21 as against Rs 811 billion in FY20.
Australian gold miner Gascoyne Resources doubles exploration budget
Hay added: "We continue to deliver on what we said we would do in terms of production from the Dalgaranga operation and pursuing organic growth by actively exploring the Company's high quality projects. I look forward to updating the market as we progress these activities."
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Budget 2021: What are the benefits of being a 'small company' under the new definition? - The Week
The need to revive small businesses, arguably the ones hardest-hit by the COVID-19 pandemic as they were shut down during the months of lockdown only to re-open to hesitant demand, has been stressed again and again.
Now, in Budget 2021, the latest change is to the Companies Act: Altering what constitutes a "small company".
The criteria for turnover has been raised from not exceeding Rs 2 crore to not exceeding Rs 20 crore, while the threshold for capitalisation has been raised from not exceeding Rs 50 lakh to not exceeding Rs 2 crore. The move would benefit over two lakh companies, the Finance Minister added.
Nirmala Sitharaman: Budget 2021: FM announces changes in small companies’ threshold;
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