Budget 2021

The sudden job losses, migration of laborers and the fear of stepping out due to the coronavirus pandemic have affected people’s consumption pattern majorly in 2020.  But, the announcement of certain favaourable measures including reduction of tax personal taxes...

The Confederation of All India Traders (CAIT) has welcomed the Budget proposal to impose 2% extra tax on foreign e-commerce companies whether engaged in business of sale of goods or providing services, acceptance of offer for sale, placing of...

The Clothing Manufacturers Association of India (CMAI) the apex association of the Apparel Industry of India has welcomed Union Budget 2021, which was presented in the Parliament by Hon’ble Finance Minister Smt Nirmala Sitharaman. Rajesh Masand, President, CMAI said that...

As part of the Centre's efforts to position India as a fully integrated, globally competitive manufacturing and exporting hub for the sector, an announcement to set up mega textile parks has been made by Finance Minister Nirmala Sitharaman in...

Gold and silver jewellery will become cheaper in the country ahead of the upcoming wedding season with finance minister Nirmala Sitharaman reducing import duty on gold and silver to 7.5% from 12.5% in the Union budget. Besides bringing relief to the consumers, the move would make Indian jewellery more competitive in...

According to Kumar Rajagopalan, CEO, Retailers Association of India (RAI), Budget 2021 is growth-oriented, well balanced and progressive. "Overall, it is a popular budget without being populist. The retail industry was almost squashed during the pandemic. It is slowly getting back...

As part of the Centre's efforts to position India as a fully integrated, globally competitive manufacturing and exporting hub for the sector, an announcement to set up mega textile parks has been made by Finance Minister Nirmala Sitharaman in...

A provision of Rs 15,700 crore for the Ministry of Micro, Small and Medium Enterprises (MSME) sector in the Union Budget 2021-22 by Finance Minister Nirmala Sitharaman. "We have taken a number of steps to support the MSME sector in this budget....

Tax holiday for these businesses was extended by one more year to March 2022 during Budget presentations today. Capital gains exemption given to them has also been extended by one more year. As of the last week of December, there...

Welcoming the focus of the 2021 Union Budget on inclusive governance policies for all-round capital spending on infrastructure and digital initiatives, Adeeb Ahamed, Managing Director, LuLu Financial Holdings and Tablez said that the Budget has been accommodative of the...