Budget 2021: Senior citizens, NRIs get tax exemptions; agri cess on petrol, diesel


Updated

Daijiworld Media Network – New Delhi

New Delhi, Feb 1: Finance minister (FM) Nirmala Sitharaman presented the Union Budget 2021-22 in Parliament on Monday February 1. In a significant departure from the tradition, this year’s Budget was not printed and was only made available in a digital format. This was Sitharaman’s third budget under the National Democratic Alliance (NDA) government led by Prime Minister Narendra Modi.

In significant changes to the taxation process, Sitharaman announced the scrapping of income tax for senior citizens under certain conditions, new rules for removal of double taxation for NRIs, and a reduction in the time period of tax assessments among other measures. Start-ups will get an extension in their tax holiday for an additional year. Sitharaman also announced that the advance tax liability on dividend income shall arise after declaration of payment of dividend.

The Finance Minister also announced that the NRIs will be spared from double taxation. “New rules to be notified, she said. Sitharaman also announced that Tax audit limit has been increased from Rs 5 crore to Rs 10 crore.

Also, Sitharaman said that the reassessment will be opened for 10 years only if evidence of concealment of income of Rs 50 lakh or more in a year will be found. “In serious tax evasion cases, only where there is evidence of concealment of income of Rs 50 lac or more in a year, can reassessment be opened for 10 years. For others, assessment reopening only for 3 years.”

In 2020-21, a significant cut in the tax rates for the salaried class was announced, which, Sitharaman said, was to simplify the tax regime which was riddled with multiple exemptions and needed taxpayers to take the help of the professionals. Last year’s announcement ushered in a new tax regime where the taxpayer got the option of taking new rates without exemptions or sticking to old rates with exemptions.

As per the tax rates last year, income under Rs 2.5 per annum remained untaxable as it was earlier. Also, a tax of 5% was announced on income between Rs 2.5 to Rs 5 lac and 10% for those earning between Rs 5 – Rs 7.5 lac per annum, which were earlier 20 per cent. The Finance Minister had also proposed 15 per cent tax for those earning between Rs 7.5 lac to Rs 10 lac per annum and had said that those earning between Rs 10 lac to Rs 12.5 lac per annum will now have to pay 20 per cent tax. Earlier it was 30 per cent. The new tax rate applicable to those earning in the range of Rs 12.5 lac per annum to Rs 15 lac per annum was set at 25 per cent and 30 per cent tax was announced for salaries above Rs 15 lakh per annum.

In her speech, Sitharaman announced that India’s fiscal deficit is set to jump to 9.5 per cent of Gross Domestic Product in 2020-21 as per Revised Estimates. This is sharply higher than 3.5 per cent of GDP that was projected in the Budget Estimates. A slump in government revenues amid the Covid-19 pandemic has led to a sharp rise in deficit and market borrowing. In health care spending, Sitharaman announced a total spend of around Rs 2 lac crore on healthcare with Rs 35,000 crore on Covid-19 vaccine development and inoculation.

Sitharaman, in her speech, announced a push to the textile industry, a hike in custom duty on cotton and raw silk, a new cess on agriculture development – Rs 2.5 per litre on petrol and Rs 4 per litre on diesel – a central university in Leh, a focus on sea-weed farming with a new facility in Tamil Nadu and a new vehicle scrapping policy that aims to provide the auto sector a boost among other announcements. Sitharaman also announced that an additional 1 crore families will now benefit under the Centre’s Ujjwala scheme.

Speaking on the farmers’ issue, FM Nirmala Sitharaman said that the Modi Govt is committed to the welfare of farmers. The MSP regime has undergone a change to assure price that is at least 1.5 times the cost of production across all commodities, she said. Rs 75,060 crore is paid to farmers for wheat procurement in 2020-21, she added.

The FM also announced measures under Aatmanirbhar package. She said the early PM Garib Kalyan Yojana amounted to almost presenting 5 “mini budgets” in 2020. She proposed strengthening of ‘Sankalp of Aatmanirbhar Bharat’. Focus on 6 pillars, which include – Health & Well-being, Inclusive Development, Human Capital, Innovation and R&D. FM added that the govt is fully prepared to support and facilitate economic growth and they are introducing Aatmanirbhar Swastha Bharat Yojana with an outlay of Rs 64,180 crore. FM said that, today India has two vaccines available and has begun safeguarding not only her own citizens against COVID-19 but also those of 100 or more countries. It has added comfort to know that two more vaccines are also expected soon.

The FM announced that Jal Jeevan Mission Urban will be launched with and outlay of Rs 2.87 lac crore over 5 years which is aimed at universal water supply in all 4,378 urban local bodies, with 2.86 crore household tap connections and liquid waste management in 500 AMRUT cities. She also announced Urban Swachh Bharat Mission 2.0 with outlay of Rs 1,41,678 crore over 5 years from 2021 focused on complete faecal sludge management, waste water treatment, source segregation, management of waste from urban construction, bioremediation of legacy dump sites. Announcing major infrastructure boost, FM announced highway works in various states including 3,500 km corridor in Tamil Nadu, 1,100 km in Kerala at investment of Rs 65,000 crore, 675 km in West Bengal at a cost of Rs 95,000 crore and 1,300 km in Assam in the next 3 years. In May 2020, Govt announced the Atmanirbhar Bharat package, to sustain the recovery further we also rolled out two more Atmanirbhar packages. Total financial impact of all packages including measures taken by RBI was estimated to be about Rs 27.1 lac crore, Sitharaman added.

The FM announced that Indian Railways will have a National Rail Plan for up to 2030. For aviation sector, FM said that the next lot of airports will be privatized in tier 2 and 3 towns and cities. FM said that in FY22 outlay (budget estimate) for health & well-being is up 138%, and is at Rs 2,23,846 crore. Govt has also allocated Rs 35,400 crore towards COVID vaccines for FY22 and is committed to more if required. She said Modi govt is committed to achieving targets laid out under the national infrastructure pipeline. Ujjwala scheme will be expanded to over 1 crore more beneficiaries. We will add 100 more districts in the next three years to the city gas distribution network. A gas pipeline project will be taken up in Jammu and Kashmir, FM said.

Live updates 

12:55 pm - Tax holiday for startups extended by another year. In order to incentivise funding for startups, capital gains exemption to continue for one more year: FM

12:52 pm - Relaxing norms to attract more foreign investment in the infrastructure sector; Allowing tax exemption for aircraft leasing companies; Tax exemption for notified affordable housing for migrant workers: FM

12:48 pm - To further reduce litigation for small taxpayers FM announced setting up of a dispute resolution committee which will be faceless to ensure efficiency, transparency. Anyone with a taxable income up to Rs 50 lac and disputed income up to Rs 10 lac eligible to approach committee: FM 

12:41 pm - The government proposed to review 400 old customs duty exemptions this year through extensive consultation. The revised customs duty extensions will in effect from October: FM

12:38 pm - Tax exemption announced for affordable housing for migrant workers. The deduction on payment of interests of affordable housing has been extended by 1 year. Serious tax offences of concealment of income of over Rs 50 lac can be reopened after 10 years. The government cuts the timeline for reopening of tax cases to three years from six years: FM

12:36 pm - States to get 41 per cent share of taxes as per the 15th Finance Commission recommendation. The government has accepted the recommendation: FM

12:33 pm - FM also proposed a national language translation initiative; a deep ocean mission with outlay of more than Rs 4,000 crore over five years. She also stated that the government will borrow Rs 80,000 crore in the remaining two months to meet FY21 expenditure. Further, the FM announced that the upcoming Census for the first time will be a digital Census for which Rs 3,726 crore will be allocated.

12:31 pm - Senior citizens above 75 years do not need to file IT returns. This is in case they have only interest in income and pension: FM

12:28 pm - Social security benefits will be extended to gig and platform workers. Minimum wages will apply to all categories of workers. Women will be allowed to work in all categories and also in night shifts with adequate protection: FM

12:22 pm - Fiscal deficit to reach below 4.5 per cent by FY26: FM

12:20 pm - FY21 fiscal deficit pegged at 9.5% of GDP; Revised capital expenditure for FY21 pegged at Rs 34.50 lac crore; FY22 fiscal deficit pegged at 6.8% of GDP:  FM

12:16 pm - The Centre has proposed to set up a Central University in Leh: FM

12:13 pm - Ujjwala scheme to be expanded to over 1 crore more beneficiaries. Additional 100 districts in the next three years will be added to the city gas distribution network. A gas pipeline project will be taken up in Jammu and Kashmir as well, said finance minister Nirmala Sitharaman. 

12:11 pm - Boost to startups: "For startups, we are allowing 1% companies to grow without any restriction on their paid-up capital," FM Sitharaman said.

12:08 pm - Finance Minister Nirmala Sitharaman says, "For startups, we are allowing 1% companies to grow without any restriction on their paid-up capital."

12:05 pm - Amid ongoing farmers protest, the agriculture credit target is set at Rs 16.5 lac crore for FY22. The agriculture infrastructure fund has been increased by Rs 40,000 core: FM 

12:03 pm - Rs 18,000 crore scheme to augment public transport in urban areas. 100 per cent electrification of broad gauge rail tracks by December 2023. The centre to sanction Rs 1,10,055 crore for railways, of which Rs 1,07,100 crore will be for capital expenditure in 2021-22: FM 

11:58 am - Separate administrative structures for cooperatives to be set up. FM Sitharaman also proposed capitalisation of state-owned banks, earmarking Rs 20,000 crore for the same.

11:57 am - Divestment target aimed at Rs 1.75 lac crore for FY22: FM 

11: 55 am - FM Sitharaman says disinvestment of BPCL, Air India, Shipping Corp, BEML, Pawan Hans, Nilanchal Ispat to be completed in FY22. She adds other than IDBI Bank, two more public sector banks to be taken up in FY22. The IPO of LIC will also be completed in this fiscal.

11: 47 am - FDI in insurance companies increased to 74% from 49%; Discoms to get Rs 3 lac crore outlay: FM Sitharaman 

11: 44 am - Pipelines of GAIL (India) Ltd, Indian Oil Corp (IOC) and HPCL will be monetised: FM Sitharaman

11:42 am - Railways to monetise dedicated freight corridors, says FM Sitharaman while talking about the monetisation of assets.

11:40 am - Over 13,000 km length of roads at a cost of Rs 3.3 lac crore have received Rs 5.35 lac crore under the Bharatmala project of which 3,800 km have been constructed. By March 2022 we would be awarding another 8,500 and complete an additional 11,000 km of National Highway Corridor: FM

11:38 am - Government commits Rs 1.97 lac crore for PLI schemes covering 13 sectors. Over seven textile parks to be launched in three years: FM

11:36 am - Major allocations in Budget 2021 for infrastructure: Rs 5,000 crore to be transferred to NHAI InViT. National Highway Authority of India, PGCIL to sponsor one InviT each; Rs 1.18 lac crore allocated for Road and Highway ministry; National Rail Plan for 2030 is to create a future-ready railway system by 2030; Dedicated freight corridors for western and eastern India to be commissioned by 2022: FM

11:34 am - The centre proposes a capital expenditure for FY22 at Rs 5.54 lac crore: FM

11:30 am - "The government announces scrapping policy, which will be voluntary, to encourage environment-friendly vehicles and reduce pollution and oil import bill. Vehicles will undergo a fitness test after 20 years for personal vehicles and 15 years for commercial vehicles. The government has allocated Rs 1.97 lac crore for PLI schemes over 5 years," FM said.

11:28 am - Government to set aside a sum of Rs 35,000 crore for the development and distribution of COVID-19 vaccines. The centre to dissipate more funds should the need arise: FM 

11:26 am - Urban Swacch Bharat mission 2.0 get an allocation of Rs 1,41,678 crore.

11:21 am - FM Nirmala Sitharaman launches Aatma Nirbhar Health Yojana package of Rs 64,180 crore. "The government will set up 15 health emergency centres. It will strengthen National Center for Disease Control," Sitharaman said.

11:16 am - Finance Minister Nirmala Sitharaman lays down six pillars of budget 2021 as follows: Health and well-being, Physical and financial capital and infra, Inclusive development, Human capital, Innovation and Research & Development (R&D), Minimum government and maximum governance

11:02 am - FM Nirmala Sitharaman presents Union Budget 2021 in Parliament.

 

Union finance minister Nirmala Sitharaman began presenting the Union Budget 2021-2022 at 11 am February 1. "We could not have imagined the global slowdown during the last Budget. We announced the 'Aatmanirbhar' Package in May 2020 to sustain recovery. Total COVID-19 support measures amount to 13 per cent of GDP and total COVID-19 support measures by government and RBI amounts to Rs 27.1 lac crore." she said.

Nirmala Sitharaman said that the Budget was prepared in unprecedented circumstances. She also said that this year brought unforeseen hardships for the people of India, which had all government servants, and particularly frontline workers continue with their duties like before but with added anxiety and health risks. 

"India has two COVID-19 vaccines available and we expect two more vaccines soon. India currently also has one of the lowest death rate and active cases in the world. India's economic contraction is due to a global pandemic. The government is fully prepared to support and facilitate economic reset," the FM said.

 

Earlier report

Daijiworld Media Network – New Delhi

New Delhi, Feb 1: Finance Minister Nirmala Sitharaman is set to present the Union Budget 2021-2022 for the third time on February 1. This budget comes in the wake of the novel coronavirus crisis, whose spread has left national economies and businesses counting the costs, as governments struggle to contain it.

Sitharaman was spotted with a 'Made in India' tablet in a red cover with an emblem as the Centre has gone paperless this year amid Covid-19. Sitharaman is expected to deliver a budget that is expected to provide relief to the pandemic-hit common man as well as focus more on driving the economic recovery through higher spending on healthcare, infrastructure and defence amid rising tensions with neighbours.

The ninth budget of the Narendra Modi government, including an interim one, is also expected to focus on boosting spending on job creation, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.

 

 

 

  

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Comment on this article

  • Antony, Padil

    Tue, Feb 02 2021

    Iam trying to figure out what the salaried middle class got. No tax benifit at all. Old wine in new bottle thats all.

    DisAgree [2] Agree [17] Reply Report Abuse

  • Roshan Rodrigues, Mangalore

    Tue, Feb 02 2021

    ಬಜೆಟಾ ದೇಶ ಪಜೆಟಾ ?

    DisAgree [4] Agree [13] Reply Report Abuse

  • k b r, Mangala Uru

    Tue, Feb 02 2021

    ಬನಿಯಾ friendly budget... expecting any thing else is foolishness...

    DisAgree [6] Agree [13] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Tue, Feb 02 2021

    I'm still trying to figure out who are the Beneficiaries of this Budget ...

    DisAgree [5] Agree [40] Reply Report Abuse

  • Pavan, Mlr

    Tue, Feb 02 2021

    Adani and ambani....and corporates not corporate tax

    DisAgree [4] Agree [24] Reply Report Abuse

  • Eddy, Bengaluru

    Tue, Feb 02 2021

    Mainly Stockbrokers!

    DisAgree [2] Agree [11] Reply Report Abuse

  • Mangalurian, Mangaluru

    Tue, Feb 02 2021

    A 'Kitchen Budget' specialist...

    ...will never be able to lift the terrible shape of the Indian economy.

    DisAgree [8] Agree [36] Reply Report Abuse

  • Dinesh, Dubai

    Tue, Feb 02 2021

    Make NALIN anna Finance Minister.......... .......... All will be happy

    DisAgree [2] Agree [7] Reply Report Abuse

  • Alfria, Mumbai/Mangalore

    Tue, Feb 02 2021

    गरीबों को Subsidy मिली, अमीरों को मिली Rebate,
    Middle Class तुम TV देखो, तुमको मिला Debate,
    #Budget2021

    DisAgree [2] Agree [33] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Tue, Feb 02 2021

    Where is all the money going ...

    DisAgree [2] Agree [47] Reply Report Abuse

  • Naveen, Mangalore

    Tue, Feb 02 2021

    This is the gift of modi govt.
    Please vote him life time.

    DisAgree [35] Agree [23] Reply Report Abuse

  • RAVINDRA, KARKALA

    Tue, Feb 02 2021

    Best Budget-day reaction by the stock market in 22 years as Sensex gains 5%. A big salute to Nirmalakka.

    DisAgree [52] Agree [16] Reply Report Abuse

  • Bala K, Urwa

    Mon, Feb 01 2021

    Ella ok agricess yaake.???

    DisAgree [1] Agree [22] Reply Report Abuse

  • Nitin, Bangalore/SA

    Mon, Feb 01 2021

    Pais/Rodrigues/Sahil,

    Guys, I have not suggested anyone to do trading in Equities/Derivatives rather i have suggested to do invest and stay invested in Good stocks for long period of time , thats how one benefits. See the Inflow of FII from September/October .

    DisAgree [33] Agree [6] Reply Report Abuse

  • David Pais, Mangalore

    Mon, Feb 01 2021

    if I have money I could do anything. when v lost da job w/o getting a pie settlement from where v worked due 2 dis illiterate govt's mindless demonetization what v could do.?????~??? ,if u have money send us or help us 2 invest or 2 do business.

    DisAgree [12] Agree [42] Reply Report Abuse

  • Monty Dotor, Mangalore

    Tue, Feb 02 2021

    I agree . Investing and speculation are 2 different things.It is good to invest and bad to speculate.I have made money every year for the last 50 years, from the stock market.I file IT returns every year.Do not buy on tips and recommendation of analysts on TV . Buy when there is a crisis.

    DisAgree [1] Agree [14] Reply Report Abuse

  • Rudolf Rodrigues, Mumbai

    Mon, Feb 01 2021

    Investors’ body claims over 10 MFs may go Franklin Templeton way causing Rs 15 lakh cr loss
    After the announcement of closure of these six schemes, several investors have filed complaints against the fund house, including with the regulatory authorities and the police, while a few went to courts also.
    By: PTIJanuary 30, 2021 7:16 PM

    Common man's money being looted with no one to ask!

    DisAgree [3] Agree [17] Reply Report Abuse

  • Rudolf Rodrigues, Mumbai

    Mon, Feb 01 2021

    Purely a gambling den to loot common investors and make them naked, never invest unless you are in touch with some operator

    DisAgree [2] Agree [23] Reply Report Abuse

  • Rudolf Rodrigues, Mumbai

    Mon, Feb 01 2021

    a new cess on agriculture development – Rs 2.5 per litre on petrol and Rs 4 per litre on diesel"
    This will make the common man's life more miserable.

    DisAgree [3] Agree [37] Reply Report Abuse

  • Nitin, Bangalore/SA

    Mon, Feb 01 2021

    Instead of simply commenting here , atleast once in a while do some investment in Stocks, look at Sensex today up by 2300+ point,

    DisAgree [59] Agree [15] Reply Report Abuse

  • David Pais, Mangalore

    Mon, Feb 01 2021

    sensex & nifty is a professionals gambling.

    DisAgree [9] Agree [66] Reply Report Abuse

  • Nitin, Bangalore/SA

    Mon, Feb 01 2021

    Pais/Rodrigues/Sahil,

    Guys, I have not suggested anyone to do trading in Equities/Derivatives rather i have suggested to do invest and stay invested in Good stocks for long period of time , thats how one benefits. See the Inflow of FII from September/October .

    DisAgree [14] Agree [6] Reply Report Abuse

  • David Pais, Mangalore

    Tue, Feb 02 2021

    @nitin, if I have money I could do anything 4 my living. when v lost da job w/o getting a pie settlement from where v worked due 2 dis illiterate govt's mindless demonetization what v could do.?????~??? ,if u have money send us or help us 2 invest or 2 do business. da main thing is people have lost faith in dis cow, pettha govt.

    DisAgree Agree [2] Report Abuse

  • Rudolf Rodrigues, Mumbai

    Mon, Feb 01 2021

    Total manipulation to fool the gullible investors who are already in loss.

    DisAgree [10] Agree [49] Reply Report Abuse

  • Sahil, Mangaluru

    Mon, Feb 01 2021

    Sense and nifty controlled by few gujjun traders

    DisAgree [11] Agree [51] Reply Report Abuse

  • Andrew L D Cunha, Mangalore

    Mon, Feb 01 2021

    It is difficult to evaluate this budget as many plans are of over 5 years’ time frame. If seriously implemented can generate employment and growth. In 2014 smart cities plans and serious plans are announced. But…….

    DisAgree [6] Agree [44] Reply Report Abuse

  • John Lobo, Kirem

    Mon, Feb 01 2021

    Andrew, do you see any good news for NRE investors?????.....What are LTCG tax implications??????. Appreciate your incite.

    DisAgree [3] Agree [14] Reply Report Abuse

  • John Lobo, Nagpur

    Mon, Feb 01 2021

    Sorry it’s INSIGHT not incite.

    DisAgree [3] Agree [8] Reply Report Abuse

  • vishnu bhat, bangalore

    Mon, Feb 01 2021

    the budget proposals do not qualify it either as visionary or as the budget of the century - it is more of the traditional and incremental. It reconfirms that real economy is delinked from the budget exercise. the additional spend proposals might not see daylight in the FY. all the blah blah and hypebole comparing it with a test cricket win do not camouflage its pedestrian and mediocre quality.

    DisAgree [4] Agree [31] Reply Report Abuse

  • BhakSala, New Delhi

    Mon, Feb 01 2021

    I strictly instruct our honorably Finance minister (FM) Nirmala Sitharaman ji to roll back the tax exemption for NRI instead I order to double tax NRI because we the people in India pay tax even for match box and we elect our MP ,MLA sensibly but this NRI without any contribution enjoy all the facility provide for us by our highly respected MP & MLA I strictly demand this roll back has be immediate and this is my order or else I have to just make a call to my kisan bhai in Delhi to protest outside Ministry of finance .

    DisAgree [66] Agree [5] Reply Report Abuse

  • Roshan, Mangalore

    Mon, Feb 01 2021

    Anna ereg arta athiji .. govt panodundu yenkleg job koreyere apuji nikulu pidai pode bende bale ..

    DisAgree [2] Agree [23] Reply Report Abuse

  • Alfria, Mumbai/Mangalore

    Mon, Feb 01 2021

    Good news for senior citizens above 75 years there is no need for them to file income tax returns, now all senior citizen should try and live above 75 years, this package is for the magdarshak leaders of BJP and advani will be very happy, Nirmala forgot that after 70 there is no returns only one way.

    DisAgree [6] Agree [38] Reply Report Abuse

  • Sanjay, Hebri

    Mon, Feb 01 2021

    Did they reduce gst on burnol 😀😀

    DisAgree [45] Agree [20] Reply Report Abuse

  • David Pais, Mangalore

    Mon, Feb 01 2021

    dey even taxed 4 animals dung & urine. so far no tax 4 sun light. rest all taxed.

    DisAgree [14] Agree [69] Reply Report Abuse

  • HENRY MISQUITH, India

    Mon, Feb 01 2021

    Another three Days all these Godi media's will be very busy praising Modi and Nirmala Mami,

    DisAgree [11] Agree [64] Reply Report Abuse

  • David Pais, Mangalore

    Mon, Feb 01 2021

    Mila middle class-ko tootela glass, saanta ko mila ghanta. farmers baandega sonta

    DisAgree [6] Agree [38] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Mon, Feb 01 2021

    Common Man got Ghanta ...

    DisAgree [17] Agree [77] Reply Report Abuse

  • HENRY MISQUITH, India

    Mon, Feb 01 2021

    Literally she kept her word.. She previously annouced that India never witnessed budget like this before.

    DisAgree [11] Agree [50] Reply Report Abuse

  • Venur Vinodh, Vidyagiri , Venur vinodvenur65@gmail.com

    Mon, Feb 01 2021

    Fix the FM first, she doesn't have knowledge how economy works !!

    Image of India in-front of whole world today is rock bottom.

    vehicles older then 20 years to be scraped???.

    many middle class has it .. fooling them to buy new vehicles they are already costly now because of iron cost price hike and petrol diesel prices hike
    Lawyer Vinod Venur

    DisAgree [16] Agree [75] Reply Report Abuse

  • Manojb, Mangalore

    Mon, Feb 01 2021

    Be Polite Madam You Are Spending Our Tax Money, This Is Not Yours. finance minister ever
    Having no knowledge on economy

    DisAgree [20] Agree [87] Reply Report Abuse

  • Ramesh, Udupi

    Mon, Feb 01 2021

    This budget looks like grand Indian sale.

    DisAgree [10] Agree [79] Reply Report Abuse

  • BhakSala, Mangalore

    Mon, Feb 01 2021

    Looks like today all have become economist ,hey guys can you explain the implication of floating a long term debt in fluctuating market like India

    DisAgree [36] Agree [16] Reply Report Abuse

  • Prakrithi, Mangalur

    Mon, Feb 01 2021

    Hey bhongosthol, we agree v r nt economists. V r ordinary citizens who pay our taxes regularly dat shld go to da govt legally. V just express our views as v r citizens of India. U must be knowing da answer for ua question. Pls explain in detail so dat every 1 will know it and increase deir knowledge. Question is good n v expect good answer from u.

    DisAgree [10] Agree [31] Reply Report Abuse

  • Floral, Mangalore

    Mon, Feb 01 2021

    BhakSala, Mangalore

    They are Gulams!!! how can you expect them to accept Modi Government decision?

    DisAgree [41] Agree [17] Reply Report Abuse

  • Shareen Rodrigues, Dakshina Kannada

    Mon, Feb 01 2021

    Investors’ body claims over 10 MFs may go Franklin Templeton way causing Rs 15 lakh cr loss
    After the announcement of closure of these six schemes, several investors have filed complaints against the fund house, including with the regulatory authorities and the police, while a few went to courts also.
    By: PTIJanuary 30, 2021 7:16 PM

    DisAgree [9] Agree [14] Reply Report Abuse

  • Surendra Poojari, Mangalore

    Mon, Feb 01 2021

    Nothing beneficial for common man. These people have screwed up economy. We need strong finance minister who has indepth knowledge of Indian economy and world economy and not kitchen economist.

    DisAgree [11] Agree [65] Reply Report Abuse

  • Ramesh, Udupi

    Mon, Feb 01 2021

    The damage has already done since demonetarization, GST and communal disharmony. No budget will recover India’s economy until the investors feel safe to invest in India.

    DisAgree [19] Agree [76] Reply Report Abuse

  • Ramesh, Udupi

    Mon, Feb 01 2021

    What happened to 20 lakh crore packet?

    DisAgree [8] Agree [69] Reply Report Abuse

  • Praveen Lobo, Bangalore

    Mon, Feb 01 2021

    A life time advantage to BJP is "India's economic contraction is due to a global pandemic"

    DisAgree [12] Agree [39] Reply Report Abuse

  • David Pais, Mangalore

    Mon, Feb 01 2021

    after presenting da worst budget she killed aathmanirbhar bharat budget.

    DisAgree [17] Agree [60] Reply Report Abuse

  • Sahil, Mangaluru

    Mon, Feb 01 2021

    Nirmala smile looks holding valentine day gift for someone?

    DisAgree [14] Agree [68] Reply Report Abuse

  • Cynthia, Kirem

    Mon, Feb 01 2021

    😆😆😆😆😆 ....what is that? He he he.... Everyone will get one one Sahil... Don't know either we get through courier or through bank. This time don't buy gift for bhabhi or friend... Madam is sending... I will take bruffen depending on the budget... 😊

    DisAgree [8] Agree [42] Reply Report Abuse

  • Reshmi Salian, Mangalore

    Mon, Feb 01 2021

    Sahil...Valentine gifts to Ambani and Adani.

    DisAgree [3] Agree [19] Reply Report Abuse

  • Nice, Mangalore

    Mon, Feb 01 2021

    .

    Let's all pray and hope for a Budget that blesses us all

    .

    DisAgree [7] Agree [18] Reply Report Abuse

  • Cynthia, Kirem

    Mon, Feb 01 2021

    Nice, we should have prayed since last three months... Now budget is ready and almost in our hands. Now we pray for the blessings from god to take it and provide sufficient in implementing the same. Corona destroyed us...

    DisAgree [3] Agree [31] Reply Report Abuse

  • Nice, Mangalore

    Mon, Feb 01 2021

    .

    Agreed
    Personally, at the end of the day am Disappointed

    .

    DisAgree [1] Agree [7] Reply Report Abuse

  • AM, Mangalore

    Mon, Feb 01 2021

    Corona cess will be added to all transactions along with GST? I hope they will reduce the taxes and give some relief to common people!!!

    DisAgree [6] Agree [26] Reply Report Abuse

  • gratia, mangaluru

    Mon, Feb 01 2021

    she does not have any knowledge of budget, simply reading as a secretary

    DisAgree [13] Agree [61] Reply Report Abuse

  • Sahil, Mangaluru

    Mon, Feb 01 2021

    20 lakhs crore package? Rani

    DisAgree [9] Agree [47] Reply Report Abuse

  • Cynthia, Kirem

    Mon, Feb 01 2021

    I have taken two head ache tablets and waiting... ...💪When looking at that beautiful red color box feel happy....

    DisAgree [9] Agree [42] Reply Report Abuse

  • Sahil, Mangaluru

    Mon, Feb 01 2021

    No wonder when chill red box open will be turned as a gujjus friendly budget.
    Bruffin must...

    DisAgree [7] Agree [38] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Mon, Feb 01 2021

    We pray to the Almighty to give her some Wisdom ...

    DisAgree [22] Agree [74] Reply Report Abuse

  • Shankar, Mangaluru

    Mon, Feb 01 2021

    Please ask a little for yourself too, and a bit for me to understand your comments!!

    DisAgree [70] Agree [33] Reply Report Abuse

  • Rashid, Mangalore

    Mon, Feb 01 2021

    Hahaaaaa well said.... Shankaranna. Pls pray for me too .....

    DisAgree [21] Agree [22] Reply Report Abuse

  • Rahul Kejar, Kanpur nagar

    Mon, Feb 01 2021

    long live all intellectuals in comment section..Hope new budget give ghee shakkar to everyone and especially for hard line critics , I mean intellectual

    DisAgree [7] Agree [22] Report Abuse

  • Cynthia, Kirem

    Mon, Feb 01 2021

    😆😆😆😆😆😆....you are smart enough Shankaranna... You didn't give the details of your contribution to the excise dept this year on the occasion of new year 2021...!!

    DisAgree [6] Agree [49] Reply Report Abuse

  • Sudakara, Pumpwell/Mangalore

    Mon, Feb 01 2021

    Shankranna, to understand a one line comment of Jossey Sir, you want prayers, wisdom and so on.
    THAT MEANS YOU ARE A BIG 'PEDDA GUNDA OR BECAUF'. I think you are the first one to accept this.

    DisAgree [2] Agree [6] Reply Report Abuse


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Title: Budget 2021: Senior citizens, NRIs get tax exemptions; agri cess on petrol, diesel



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