Photo: Rediffmail
Budget Session Draws Blueprint For Whole Year, Says PM Modi
Prime Minister Narendra Modi on January 31, welcomed all the MP's in the budget session and said India has plenty of opportunities in the global scenario. He further spoke about the vaccination campaign of India and India's economic progress. The PM hoped that all the MP's will engage in free, constructive, and well-meaning discussions. "This budget session in a way draws the blueprint for the whole year," the PM said.
Tags: PM Modi, India, Budget, parliament, MPs
Courtesy: ANI
Photo: India TV
Defence Minister Approves Rs 499 Crore Budget For Innovations in Defence Sector
Defence Minister Rajnath Singh has authorized a budget of roughly Rs 499 crore for research and innovation in the defense sector for the next five years. The financial support will be provided to roughly 300 start-ups, micro, small, and medium companies (MSMEs), and individual innovators with the greater objective of guaranteeing defense sector's self-sufficiency. The enormous budget lines up with the government's aim to cut imports on… read-more
Tags: Rajnath Singh, Defense Ministry, Budget, Indian Military
Courtesy: The Indian Express
Photo: The Financial Express
Bank Unions Oppose Privatisation Of 2 PSBs, Call For 2 Day Strike
Opposing Centre’s decision to privatise two public sector banks, the United Forum of Bank Unions (UFBU) on February 9 called for a two-day strike starting from March 15. Reportedly, this year's Budget witnessed the FinMin stipulating the privatisation of two PSBs under its disinvestment strategy. Earlier, the Centre had privatised IDBI Bank and had merged 14 PSBs in four years. Calling the alterations regressive, UFBU has exhibited resentment… read-more
Tags: PUBLIC SECTOR BANKS, UFBU, Budget, Finance Minister, Disinvestment
Courtesy: The Hindu
Photo: The National
25 Central Ministries Spends Less Than 80% Of The Allocated Fund
Budget documents show that 25 Central Ministries have spent less than 80% of the money that was allocated to for 2020-21. Reportedly, the aforementioned Ministries already operate with significantly smaller budgets and were less than 10 in number for the past three years. The Ministries have collectively spent 44% of their budgetary capital expenditure of Rs 90,000 crore. However, the lower utilization of funds affects their allocation for… read-more
Tags: Union Budget 2021, union ministry, FY21, Budget
Courtesy: LiveMint
Photo: The Quint
Farmer Unions Cancel Budget Day March, To Hold Hunger Strike On Jan 30
Following violence during the tractor rally on the Republic Day, farmer unions on January 27 called off the march they had planned to hold on the Budget presentation day on February 1. They will now organise public meetings and hunger strikes across the country on January 30. However, the farmer leaders have alleged a conspiracy behind the violence and have asked the government to initiate a probe into it.
Tags: Tractor Rally, Farmer Unions, Farmers Protest, Budget
Courtesy: Firstpost
Photo: Outlook India
Budget Session To Start From January 29; Union Budget On February 1
The Cabinet Committee on Parliamentary Affairs' has announced the dates of budget session to be held from January 29-February 15. Conducting the session in two phases, the second phase will be held from March 8-April 8. Reportedly, the Union Budget will be presented on February 1. The committee cleared that both the houses would sit for four hours a day. Moreover, President Ram Nath Kovind will head the joint sitting on January 29.
Tags: Budget, Budget session, Central Government, Modi Government
Courtesy: Zee News
Photo: Phone Arena
Design, Specifications Of Budget-friendly 'Moto G Stylus 2021' Leaked
Weeks ahead of its launch, design and specifications of Motorola’s Moto G Stylus 2021 has been leaked online. The budget friendly smartphone is likely to have round-edged 6.8-inch display with quad camera feature with 48 MP primary camera. Powered by Qualcomm Snapdragon 675 SoC, it will probably come with 4 GB RAM and 128 GB internal storage. Besides, the phone is also expected to sport Android 10 version and a 4,000 mAh battery.
Tags: Smartphones, Motorola, Budget, feature, Moto G Stylus
Courtesy: Money Control
Photo: The Financial Express
Govt Likely Increase Import Duties On Certain Products
As a measure to encourage local production, the Union government has been planning to raise the import duties on goods such as electronics, edible oil, leather and textile products. One of the officials claimed that the hike would be announced in the upcoming budget with prior notification. Reportedly, the government had raised the import taxes of vegetable oil and electronics by 34% and 12.25% respectively.
Tags: Imports, business, India, Budget
Courtesy: The New Indian Express
Photo: Mahabodhi Ladakh
Rs 871 Crore Allocated To Improve Quality Of Education In Ladakh
The Ladakh Union Territory's administration have allocated a whopping Rs 871 crore for the development of the education sector. As per officials, the funding would help in "speedy expansion of the sector". Moreover, the UT's Lieutenant Governor R K Mathur stated that the governing body has worked on improving the quality of education through various means. He also stated that efforts have been made to streamline the education system.
Tags: Ladakh, Budget, Enrolment rate, Internet, Education(3642)
Courtesy: Hindustan Times
