Budget 2021 Live News: Real estate sector keen on tax incentives for home buyers

The real estate sector, which took a hard hit due to COVID-19, is pinning hopes on the union budget to be presented on Monday for easing regulatory norms and for steps which will help in completion of pending projects and sale of build-up houses.

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08:30 AM

How will markets react?

Equity markets have become jittery ahead of the Budget, as even a small tinkering with the taxes, especially any increase in capital gains, or even personal income-tax, will be a negative surprise for the market. -Naveen Kulkarni, CIO, Axis Securities Ltd.

08:14 AM

Govt. of India's will focus on ramping up capital expenditure to stimulate economic growth in the country amidst the pandemic!

- Sanjeev Sanyal

07:30 AM

The Economic Survey 2020-21 presented in Parliament on Friday expects the growth rate to rebound sharply from an estimated record contraction of 7.7 per cent in the current financial year on account of the impact of the COVID-19 pandemic.

06:45 AM

Empowering manufacturing sector

Manufacturing sector, especially low-skilled manufacturing, must be one of the focal points for dedicated investment. The sector was one of positives amidst a poor economic performance in the latter half of 2020 and has the potential to employ millions of unskilled and semi-skilled workers.

06:45 AM

Loss-carrying-forward window for stressed sectors

In order to provide relief to Stressed industries & sectors, the government may consider extending their 8-year loss-carrying-forward window as these industries/sectors will have minimal income levels in this financial year and also in the upcoming financial year until they recover completely.

06:45 AM

Will Budget bring some relief for Corporates?

With corporate taxes rates reduced to 22% for companies and 15% for manufacturing firms before the pandemic, any further tax cuts for the corporates seem unlikely. However, in order to help firms cope up with the losses suffered during the lockdown, investment-based reliefs and flexibility in adjusting previous year losses can be expected.

06:45 AM

4 bills to replace ordinances among 38 legislations this Budget session

Four bills to replace ordinances among 38 legislations on agenda of government for budget session
The four bills that will replace ordinances are - The Commission for Air Quality Management in National Capital Region and Adjoining Areas Bill, 2021; The Arbitration and Conciliation (Amendment) Bill, 2021; The National Capital Territory of Delhi Laws (Special Provisions) Second (Amendment) Bill, 2021 and The Jammu and Kashmir Reorganisation (Amendment) Bill, 2021.

06:44 AM