In this issue of India Legal (February 15, 2021), our columnist Shivanand Pandit takes a close look at the Budget and what it proposes to do. It is not a wishy washy document. The Modi government has tried to put an honest-to-goodness growth plan in place by announcing “a bold and new-age Budget”
India has seen bold budgets, realistic budgets and reformist budgets over the years. In the midst of amazingly high public anticipation regarding Union Budget 2021-2022
Union Budget 2021 live: Finance Minister Nirmala Sitharaman is presenting Budget 2021 in Parliament, Union Budget 2021-22 Highlights: Expectations are high that the government will boost economic revival by focussing on infrastructure, rural economy, agriculture, healthcare
The finance minister has promised a Budget like “never before” but issues at hand, especially the health of MSMEs, are so critical and government resources so constrained that such a wide promise may be difficult to fulfil.
Bilateral Netting refers to offsetting of all claims arising from dealings between two parties, to determine a net amount payable or receivable from one party to other. While Qualified financial contracts entails any bilateral contract notified as a QFC by the relevant authority.
On September 22, Finance Minister Nirmala Sitharaman pushed the Banking Regulation (Amendment) Bill, 2020 through Rajya Sabha, paving its way to becoming an Act after the president’s signature.