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Budget 2021: What's in store for textile industry?


Budget 2021: What s in store for textile industry?
Union Budget 2021: A joint committee of textile industry bodies has asked for government s intervention in removing anti-dumping duty on VSF
Mansi Jaswal | February 1, 2021 | Updated 08:27 IST
Finance Minister Nirmala Sitharaman will present the Budget for 2021-22 on February 1
The textile industry, which is among the hardest-hit sectors due to coronavirus, has urged the government to implement a uniform GST for apparel and to abolish anti-dumping duties on viscose staple fibre (VSF) in the upcoming budget.
A joint committee of textile industry bodies has asked for government s intervention in removing anti-dumping duty on VSF to address its spun yarn availability and price issues. Viscose staple fibre is a key input in the manmade fibre sector. ....

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Netizens flood Twitter with memes as Sitharaman announces Budget 2021


Netizens flood Twitter with memes as Sitharaman announces Budget 2021
Budget 2021: The Indian middle class was hooked onto news channels. When the Finance Minister was presenting the annual Budget, netizens came out with their own interpretations
Mehak Agarwal | February 1, 2021 | Updated 14:29 IST
While beginning her Budget 2021 speech, the Finance Minister said that it came in the most unprecedented times and the government is geared up to facilitate revival of the economy
When Union Finance Minister Nirmala Sitharaman was announcing her third consecutive budget, social media users were busy doing what they do best make memes.
The Indian middle class was hooked onto news channels. When the Finance Minister was presenting the annual Budget, netizens came out with their own interpretations ....

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Budget 2021: Centre hikes import duty on parts of mobile phones, chargers to boost domestic manufacturing


Budget 2021: Centre hikes import duty on parts of mobile phones, chargers to boost domestic manufacturing
Finance Minister Nirmala Sitharaman announced review of 400 exemptions in customs duty including those applicable on the mobile devices segment
PTI | February 1, 2021 | Updated 14:34 IST
The government on Monday proposed to impose import duty on components of mobile phones and chargers, to enhance local value addition.
Finance Minister Nirmala Sitharaman announced review of 400 exemptions in customs duty including those applicable on the mobile devices segment.
For greater domestic value addition, we are withdrawing a few exemptions on part of chargers and sub-parts of mobiles. Further, some parts of mobile rate will move from nil rate to moderate 2.5 per cent, Sitharaman said. ....

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From printing to team behind FM Sitharaman's third budget; all you need to know


From printing to team behind FM Sitharaman s third budget; all you need to know
Union Budget 2021: It will be the first time since the presentation of independent India s first budget on November 26, 1947,  the documents will not be printed due to coronavirus pandemic and will instead be distributed electronically to the MPs
BusinessToday.In | February 1, 2021 | Updated 09:27 IST
Budget 2021: It will be the first time since the presentation of independent India s first budget on November 26, 1947, the documents will not be printed due to coronavirus pandemic
Union Finance Minister Nirmala Sitharaman will be presenting India s budget for the third time. The Budget session of the Parliament will begin on January 29 with the address of President Ram Nath Kovind. And, on February 1, FM Sitharaman will be presenting the Budget in the Parliament. The budget session will be held in two parts from January 29 to February 15 and March 8 to April 8. ....

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