The FY2021-22 Union Budget announcement started on a positive note with Finance Minister, Ms. Nirmala Sitharaman quoting Rabindranath Tagore: “Faith is the bird that feels the light when dawn is still dark.” With 2020 being a disastrous year owing to the global pandemic, there were signs of recovery with tax buoyancy over the last few …
The much-awaited Budget2021 has gone big on spending in a bid to boost economic revival and growth. But what does it mean for one’s personal finances? Any talk of personal finances needs to focus on three broad areas: investments, taxation and consumption (buying/spending). Investments Bank deposits: If you are worried that your bank deposits may …
Direct and indirect tax expectations from an invariable aspect of the run-up to every Budget. Budget 2021 was more significant in the wake of the coronavirus pandemic and the contraction of the economy over the past year. On the direct taxation front, income tax plays a key role for the common citizen. In a significant …
The Finance Minister, Nirmala Sitharaman, presented her third budget in the parliament on February 01, 2021. Budget 2021 was completely paperless, with the Finance Minister using a ‘Made in India’ tablet instead to present the budget. Throughout the presentation, it was abundantly clear that the government would go on a spending spree to revive the …
When the last year’s budget was presented on February 1, 2020, the Finance Minister had no idea that 2020 was going to be one of the toughest years for the entire world! Last year, the Finance Minister’s big budget ideas were themed “Aspirational India, Economic development, A Caring Society”. But what happened to these ideas? …
The markets have seen a lot of volatility in recent times. First, the high in early 2020, then the crash followed by a recovery that managed to wipe out the March 2020 lows. Last week, the Sensex and Nifty scaled all-time highs at 50k and 14700, and later closed lower, unable to sustain the peaks, …
One of the big worries in the post-GST scenario is how the GST will impact your household budget. Remember, there are some key components pertaining to your household budget that are going to be impacted. Your household budget includes spending on food, clothes, rentals, EMIs, education, fuel and future planning. The GST is likely to …
If there was one sector to which this budget has made a deep difference, it is the banking and financial services sector. The budget has made an attempt to help banking both from a macro and micro perspective. This sector becomes crucial because it forms the fulcrum of the economy and the health of the …
Union Budget 2017-18 was not just unique due to its reformist focus but also because it was predicated on four unique building blocks. The Finance Minister surely had a tough task on hand. Firstly, he had to provide an antidote to the people after the pain of demonetization. However, this had to be done without …
Rural Consumption… How can a budget give a big boost to urban and rural consumption across the economy? The focus, obviously, needs to be on putting more money into the hands of people with the maximum propensity to consume. The budget comes under a specific economic backdrop. Firstly, the demonetization drive had caused a lot …
