A lot has been happening in the news since the budget of 2021 came. It raised a lot of questions and a lot of conspiracies as well. Finance news has always been of huge interest to the readers. After the fall in GDP rates due to the pandemic, people are very concerned about the finance news. News has always attracted people and has been of great interest to the citizens. Nothing has changed in the interest for news since the traditional times. From radios to televisions, news has been the major focus. News is the most dynamic thing and is used hugely to spread awareness amongst its readers. Today’s Finance News was as interesting as any other day’s news. A lot of questions have been raised according to Today’s Finance News.
Let’s Take A Glance At Today’s Finance News And Know The Insights Of All The Matters
The Government has decided to dispossess 20% of National Fertilizers Limited.
A close up of a book
Indian Government is the owner of 74.71% share in the second-largest Urea Producing Company of the country. Out of these, only 15% of the Urea produced is used in the country. This offer of sale can give 400 crores to the Indian Government.
Will the 2021 Budget introduced by the Finance Minister work as it has thrown a massive ray of hope for all the citizens. After the 1990-91 and 2008-09 crisis, India’s economy has seen such a huge downfall. The fiscal deficit is projected to fall by 6.5%, which is still an extremely high proportion.
However, the question remains, will it work? The country’s GDP has seen a massive fall due to the pandemic, and people have suffered largely because of lost employment opportunities. Even though the employment rate has risen, it is still less than the pre-pandemic employment rate.
A lot of important areas have still not been covered, including the real estate and travel tourism sector, which have experienced a massive downfall.
Rs. 400 crores have been invested in making Goa the hub of fisheries.
While talking to a few reporters on Sunday, Giriraj Singh said that Goa has the capacity and potential of becoming the hub to fisheries. Goa’s potential should be used to its best.
A close up of a newspaper
Puducherry’s central budget charge got ignored by the Union Minster.
Arjun Ram Meghwal, the Union Minister, ignored the allegations made by V Narayanasamy, the Chief Minister of Puducherry. The allegations stated that the central budget does not include any share for Puducherry’s infrastructural work. However, it got declined.
Rs. 1.90lakh crore which was issued between April 1- February 8, were refunded by Income Tax.
Rs. 67,334crore has been issued to 1.84crore taxpayers as a refund of personal income tax and refunds of corporate tax worth Rs. 1.23 lakh crores have been made in 2.14 lakh cases.
Conclusion
Today’s Finance News is no doubt very interesting and some really good points have been highlighted. The budget of 2020-21 has surely given people very high hopes of improvement.
