VARINDIA IT MAGAZINE

Union Budget 2021: Focus on vision of Aatmanirbhar Bharat and Start-ups:  The Union Budget turns out to be an excellent budget but not a transformational budget as was made out to be. It has adopted a brilliant strategy of large scale infrastructure rollout, funded by asset monetization of existing road, power lines, gas pipelines and railway assets.   The budget also covers funding of New Education Policy which is what I have been asking for as it will provide the human resources needed for growth in this decade. Adequate provisions have been made for health, education, agriculture, MSME's and startups. Hope there is removal of GST on digital payments and removal of Angel tax as a followup of the budget.   The Union budget 2021 has brought relief for a lot of industries and is poised to take India to greater heights. For start-ups and entrepreneurs, one key highlight from the budget is the capital gains exemption for one more year to 31 March 2022, and secondly they will be eligib

KIC Housing Finance CEO - Siddhartha Mohanty roped in as new LIC MD:  With effect from February 1, the government has roped in   KIC Housing Finance Chief Executive Officer (CEO), Siddhartha Mohanty as the Managing Director of Life Insurance Corp. (LIC) .   The  Appointments Committee of the Cabinet (ACC)  has approved the appointment of Mohanty till his superannuation on June 30, 2023.   Mohanty has succeeded TC Susheel Kumar who is set to retire on January 31, 2021.   “ The Appointments Committee of the Cabinet (ACC) has approved the proposal of the department of financial services for appointment of Shri Siddhartha Mohanty, CEO,LIC Housing Finance as MD, LIC, in the pay scale of Rs.205,400 – Rs.224,400 with effect from the date of his assumption of charge of the post on or after 01.02.2021 and upto the date of his superannuation or until further orders, whichever is earlier”, the government notification said.... Read More