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The good news is that tax slabs and tax rates stayed the same. There was also good news for senior citizens who only earn a pension and interest income. They will now be exempted from filing income tax returns

MUMBAI: Finance minister Nirmala Sitharaman’s budget speech on Monday ran into 17,031 words. This was around 19% shorter than the speech last year, which was 20,931 words long. The Budget for 2021-22 has several new ideas to get the economy going again. At the same time, it doesn’t do much harm by introducing new taxes or stop-gap policies, even though it could have done without higher import duties. Here’s a one-stop shop for the most important details of the Budget.

Via: livemint

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The proposed move would help in cutting down compliance costs and reducing the friction between rules enacted by capital markets watchdog Sebi, depositories and government, experts said

NEW DELHI : The government on Monday proposed to introduce a unified securities markets code, a move that will help in boosting the ease of doing business in the country’s financial markets. Via: livemint

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The allocation towards government’s flagship health insurance scheme launched in 2018, Ayushman Bharat-PM Jan Arogya Yojana (PM-JAY) remained unchanged at Rs. 6,400 crores this year in the finance Minister Nirmala Sitharaman’s union budget 2021-22

New Delhi: While allocation towards health in the union budget 2021-22 focussed on mitigating the impact of covid-19 pandemic, major public health schemes received insufficient funds.

Though the budget estimate 2021-22 for health and well-being is pegged at Rs.2,23,846 crore, translating an increase of 137%, the amount also includes budget for schemes from other ministries along with ministry of health and family welfare such as POSHAN Abhiyan under Women and Child Development ministry, Jal Jeevan Mission (Urban) under department of Water and Sanitation.

Via: livemint.com