COVID knocked out tourism, can Budget 2021 revive it?
Several experts are of the view that the sector may take 3-4 years to fully recover and are expecting the Centre to grant long pending demand for industry status to the sector as well as lower GST rates, thereby giving direct relief, particularly to hotels
BusinessToday.In | February 1, 2021 | Updated 07:33 IST
The tourism and hospitality industry is seeking extensive support from the government in wake of unprecedented damage done by coronavirus crisis
The tourism and hospitality industry, which is one of the most-affected sectors due to the COVID-19 pandemic, has pinned high hopes on the Budget 2021.
Talking about the KCC drive, the Finance Ministry recently said in a tweet that banks had issued 1.8 crore Kisan Credit Cards with a credit limit of Rs 1.68 lakh crore as of January 8, 2021
Budget 2021: Rationalise GST rates on parts used in manufacturing of medical equipment
The medical devices market in India, be it for parts or final products, attracts multiple rates. Uniformity in these rates will go a long way in bringing down compliance complexity as well
Rashmi Deshpande | February 1, 2021 | Updated 10:25 IST
Lower rates of GST and customs duty on medical devices prima facie may appear beneficial but the rates of duty on parts of such medical devices used for manufacturing do need to be favourable as well
If there was any year in the recent past that made us realise the importance of the general state of health care programs and the overall medical infrastructure in our country, it was without a doubt the year 2020. Decades of research and development in the field of medicine and medical equipment was put to test not just in India but the world over.
Budget 2021: NEP plan, digital infrastructure; 8 key expectations of education sector
Although the challenges are complex and expectations from the budget are high, the budget needs to be a well-intended one in its approach and commitment to the development of the sector and the realisation of the vision of the NEP
Prof. Himanshu Rai | February 1, 2021 | Updated 06:08 IST
A clear policy guideline and a detailed roadmap for spending strategically on NEP implementation through optimal resource allocation are expected to be elaborated upon in the budget speech
The Union Budget always takes the center stage in every formal and informal conversation, debate, or discussion, as the budget session draws near. The budget is not just a strategic investment roadmap released by the government for the upcoming financial year, it communicates the intent and stance of the Centre on the priority sectors and key financial and development goals.
The government is reportedly planning a massive public spending boost in the Budget 2021, which will focus on job creation and post-COVID economic revival