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What does budget 2021 mean for your money? What does budget 2021 hold for you?  Days ago, FM Nirmala Sitharaman had promised a “Union Budget” like never before and according to experts and most citizens, she did keep her words. Budget 2021 was one of its kind, the first in paperless form in Indian history. While this is a milestone, the Budget is also celebrated for its proposals. 

Track this space for latest updates... COUNT SO FAR Mumbai adds 1,044 cases, total cases at 33,835 Chandigarh reports 6 new cases, total at 288 Odisha reports 67 cases, total number at 1,660 Rajasthan reports 131 cases, total at 7947 Andhra Pradesh reports 54 cases, total at 2841 Karnataka reports 75 cases, total at 2493 Himachal Pradesh reports 3 cases, total at 276 131 more from Maharashtra Police test positive Number of infected AIIMS staff reaches 195 Uttarakhand reports 24 cases, total at 493 Indore reports 78 new cases Manipur reports 7 new cases (Source: ECONOMIC TIMES) World India Tally Toll Tally Toll 5,690,182 355,575 158,333 4,531 LIFE UNDER LOCKDOWN Domestic travel resumes in West Bengal 14-day quarantine must for foreign returnees in Haryana NDMC headquarters sealed after employee tests positive SC lays down rules for State and Centre for migrant workers Marquee brands look at moving back to ...

Some Questions & Answers about COVID 19.. 1). What is social distancing? Stated simply, social distancing means maintaining a distance between you and other people – one metre to two metres – and minimizing contact with people. In other words, assume everyone around you could be infected. 2). What does self-isolation mean? Self-isolation requires you to stay at home, monitor for symptoms, and avoid contact with other people for 14 days, according to the Government of Canada website. EXPECTATIONS FOR THOSE WHO ARE SELF-ISOLATING INCLUDE: Staying home from work and school; Avoiding public transportation; Arranging to have supplies, such as groceries, dropped off at their doors; Especially avoiding elderly people and anyone with compromised immune systems or chronic conditions; Keeping any unavoidable interactions with other people brief, maintaining at least two metres’ distance from them and wearing a mask. ADVICE FOR ENHANCED HYGIENE MEASURES FOR THOS...

Good Morning! Great news and cheap stock valuations never co-exist. Even recent history from 2001, 2003 and 2008-2009 suggests every time markets fall hard, they do bounce back. It may take a while for them to find their feet and find some sort of a bottom. And there is no hard and fast rule about how that happens. Markets get cheap when people do not have the confidence about what the future holds, and that is exactly the situation now. Dalal Street veteran Vetri Subramaniam says this is the time for investors to focus on valuations to figure out whether one should be positively disposed or negative disposed towards the asset class. MARKET CUES: Where do we stand >>> Nifty futures on the Singapore Exchange-traded some 162 points higher at 7 am (IST) in signs that Dalal Street is poised for a major rebound after Monday mayhem. On Monday, Nifty broke below its crucial support at 8,900 by a wide margin, opening the doors for further selloff that can take the ind...

In today's newsletter, we talk about the unsung heroes and the government's plan to rescue them. Policy The Story On June 27, 2019, a popular author on agriculture policy put out a very interesting tweet. His contention was simple. Around 51 lakh people migrated to agriculture last year and this should be seen positively. In fact, we should actively pursue this endeavour and focus on making farming economically viable. After all, if there’s no potential in agriculture, why would people be moving back? Maybe we have finally turned a corner. Maybe the agrarian economy is healing itself. Maybe the rural problem isn’t as bad as originally conceived. Maybe… Unfortunately, it wasn’t meant to be. Because, although people were migrating back to agriculture, they weren’t doing it because it was a prosperous enterprise. Instead, they were doing it for a very different reason. But before we get to that bit, a short note on farming. Indian Agriculture (on an aggregate ...

The Economic Package Explained | Part 1 — The MSME Bailout. In today's newsletter, we decode parts of the "20 lakh crore" Economic Package. Fair warning though. It's longer than our usual 3-minute read. But if you are looking to make sense of what happened yesterday, we can assure you that you won't find a more accessible story than this one. Policy The Story The world of economics is built on a simple premise. Offer people the right incentives and you can get them to do almost anything. So when the Government of India decided to classify institutions as Micro, Small, and Medium Enterprises (MSMEs) they were trying to set up an incentive structure to usher a new era of growth. And the incentives are damn attractive. Cheap loans, fewer compliance standards, tax benefits, and host of other freebies. But as you keep growing — from Micro to Small and Small to Medium, the government will ween you off the support system and put you on a pat...