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BREAKING NEWS
100Days: Thirike, Neestream and Gopi Make their Way into the India Book of Records
Jayant Chaudhary Chairs ‘Skill Milan’ Session with Five NSTI
Governor of Odisha Inaugurates the NSDC International Academy
Body of Annie Mol Gilda, Who was Killed in Dubai, Brought Home
Qburst Lifts Technopark Premier League Trophy
One Year of Robotic Sanitation in Chennai
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  • Budget 2021 laid Emphasis on Economic Growth:George Alexander Muthoot

    By NE Reporter on February 2, 2021
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    KOCHI:
    The 2021-22 budget has laid clear emphasis on economic growth and the financial services sector will play a crucial role in achieving the development goals of the government, said George Alexander Muthoot, MD, Muthoot Finance.

    Among the several business friendly announcements, some that stood out for us include net rationalisation of customs duty on gold by 2.5% which should bring more gold into the country through official channels and incentivising purchase of affordable homes by extending eligibility period for claiming additional deduction of interest paid of Rs. 1.5 lakh to 31st March 2022.

    Increasing FDI limit in insurance to 74% from 49% is another progressive announcement that will bring more investments and activity in this sector. Lastly, reflective of the importance of the MSME sector, the government has provided Rs. 15,700 cr for it, double of last year’s budgeted estimate and we stand steadfast with the MSMEs, individuals and entrepreneurs of India in financing and enabling their Atmanirbhar Bharat ambitions.”

    NE Reporter

    Atmanirbhar BharatBudget 2021economic growthGeorge Alexander MuthootMSME sectorMuthoot Finance

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    Live Updates

    • Jayant Chaudhary Chairs ‘Skill Milan’ Session with Five NSTI
    • Governor of Odisha Inaugurates the NSDC International Academy
    • Body of Annie Mol Gilda, Who was Killed in Dubai, Brought Home
    • Qburst Lifts Technopark Premier League Trophy
    • One Year of Robotic Sanitation in Chennai

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    What’s New ?

    • Jayant Chaudhary Chairs ‘Skill Milan’ Session with Five NSTI
    • Governor of Odisha Inaugurates the NSDC International Academy
    • Body of Annie Mol Gilda, Who was Killed in Dubai, Brought Home
    • Qburst Lifts Technopark Premier League Trophy
    • One Year of Robotic Sanitation in Chennai

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