Tag: English News

India Doubles Healthcare Spending, More FDI Allowed In Insurance

India Doubles Healthcare Spending, More FDI Allowed In Insurance

New Delhi: India proposed doubling healthcare spending in an annual budget unveiled on Monday and lifted caps on foreigners investing in its vast insurance market to help revive an economy that suffered its deepest recorded slump as a result of the pandemic. Delivering her budget statement to parliament, Finance Minister Nirmala

Budget 2021: No relief to income taxpayers; slabs remain unchanged

Budget 2021: No relief to income taxpayers; slabs remain unchanged

Union Finance Minister Nirmala Sitharaman, while presenting Budget 2021,  announced no relief for the salaried class. Income tax experts had expected that the Budget will put more money in the hands of the average taxpayer. However, the income tax slabs remain unchanged. Sitharaman, meanwhile, proposed to reduce the timeline for

Budget 2021: Govt proposes agri cess on petrol, diesel

Budget 2021: Govt proposes agri cess on petrol, diesel

Union Finance Minister Nirmala Sitharaman in Budget 2021 announced imposition of Agriculture Infrastructure and Development Cess (AIDC) of Rs 2.5 per litre on petrol and Rs 4 per litre on diesel. However, there would be no additional burden on the consumer overall as the finance minister also proposed to reduce