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News18 Daybreak | Stormy Session Expected as Oppn Plans to Corner Govt on Farm Protests, Budget, Two-Time TMC MLA Dipak Haldar Quits and Other Stories You Need to Watch Out For

Feb 02, 2021 09:32 AM IST Daybreak
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Govt Opens Its Purse Strings in a 'Reset India' Budget to Create ‘Wealth and Wellness’

Finance minister Nirmala Sitharaman on Monday unveiled a spending plan worth more than Rs 5.5 lakh crore, the highest ever, as Prime Minister Narendra Modi’s government made its intentions clear on how it plans to revive the economy from a Covid-induced slump. After taking supply-side measures through the Aatmanirbhar Bharat set of announcements through the last year, the 2021 Budget came out with a host of demand-side measures that were fuelled by borrowing, a larger-than-expected fiscal deficit, as well as privatisation of government assets.

Stormy Session Expected as Oppn Plans to Corner Govt on Farm Protests, Budget

A day after the Union Budget 2021, the Parliament is set to convene today for the Budget Session, which is expected to see fireworks over the budget as well as the farmers’ protest going on for over two months.  Prime Minister Narendra Modi, in his address ahead of the start of the session, had insisted that MPs debate and discuss all the issues that concern people of the country, and hoped that they will not shy away from contributing to fulfill people's aspirations. 

Budget 2021 May Dent Retirement Savings as PF Interest Above a Certain Limit to Get Taxable

The Union Budget 2021 presented on Monday restricted the tax-free return on investment in provident funds and in unit linked insurance plans (ULIP) at Rs 2.50 lakh each. Both these investment options are used by most middle-class salary earners to build post-retirement savings. Before Union Budget 2021, there was no cap on the amount one could invest in ULIP and provident fund to get a tax-free return.

Vehicle Scrappage Policy, I-T Compliance Changes: What Budget 2021 Brought for Middle Class Taxpayer

Finance Minister Nirmala Sitharaman's third budget in two years was one that registered an unprecedented fiscal deficit, an intent that is definitely encouraging for an economy that has been beaten to the ground by a 'once in a century crisis'. Being compared to its 30-year-old counterpart, when the then Finance Minister Manmohan Singh opened the Indian economy for liberalisation, Sitharaman's budget will be remembered for uplifting living standards of the populace in the face of a battered fiscal.

'Not Allowed' to Work, Two-Time TMC MLA Dipak Haldar Quits in Another Jolt for Party

Amid ongoing exodus from TMC ahead of the assembly polls, two-time MLA from Diamond Harbour Dipak Haldar Monday quit the party accusing the Trinamool Congress leadership of not allowing him to work for the masses, fuelling speculations of his possible switchover to the BJP. Haldar, however, remained tight-lipped on joining the saffron camp.

Virat Kohli's Astronomical Numbers At Home Coincide With India's Domination

Virat Kohli is the greatest limited overs batsman in history. He is also amongst the greatest Test batsmen in India's history and in the top 5 in the world during the last decade. While the Indian captain has scored runs all over the world one of his parameters of greatness is his domination and record at home. Kohli has a stunning record in India and has been the playmaker for India batting at number 4 in Test cricket. He is the main reason why India remains undefeated in a series at home since the end of 2012. 

Anushka and Virat Named their Daughter 'Vamika'. Twitter Can't Get Over How Clever it is

Anushka Sharma and Virat Kohli made a pleasant announcement through their social media account on Monday. The couple posted their first family picture revealing the name of their baby girl, Vamika. The name has become one of the top trending hashtags on Twitter as Anushka shared a heartwarming picture of her and Virat doting on their baby.

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