The Union budget 2021 – Flattering to deceive
By News Desk| Published: 9th February 2021 6:43 pm IST New Delhi: Finance Minister Nirmala Sitharaman holds a folder case containing the Union Budget 2021-22 as she poses for a group photograph with MoS Finance Anurag Thakur and other members of finance ministry, at North Block in New Delhi, Monday, Feb. 1, 2021. (PTI Photo/Kamal Singh)
Amir Ullah Khan
The Union budget is an Annual Financial Statement where the government of the day is expected to inform the Parliament of what it would spend its money on during the next year. This must be done diligently and responsibly, as with any financial matter of any scale. The country’s budget is huge, we will spend nearly 35 lakh crores next year and therefore it is expected that the FM would make clear announcements on what she plans for the country next year. Based on her outlays, we can then see where the focus of growth and development would be. It is important for all of us
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The sector also hopes that the budget will introduce GST reforms by bringing back the Input Tax Credit. This will help in bringing down the cost of construction thus reducing the property prices. Tax sops to liquidity enhancement: What the real estate industry expects from Budget 2021
New Delhi: Hit hard by the Covid pandemic and the subsequent lockdowns, the nation’s real estate sector is betting big on this year’s budget for the revival of the sector. Besides contributing majorly to the GDP, it is also one of the biggest employers in the country. The sector has been instrumental in the economic growth and stability of the nation.