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Highlights: Budget will drive economic revival post Covid-19, says India Inc
Budget 2021 Live Updates: Prime Minister Narendra Modi congratulated Nirmala Sitharaman for her Budget amid Covid-19 constraints; Opposition parties found nothing impressive in the Budget.
Finance minister Nirmala Sitharaman presented her third Budget, the Budget which was like never before, in Parliament on Monday. Her two-hour-long speech got disrupted when the ministers talked elaborately on farm sectors, on her government's commitment to farmers' benefit. In her speech, she also mentioned 'privatisation' several times, which is being seen as a departure from the general practice as government shies away from mentioning the word....Read More
This was the first digital Budget presentation, where the finance minister read out the speech from a tab, made in India. The electronic copies were distributed to members of Parliament. The Budget allocated ₹35,000 crore for Covid-19 vaccines
Prime Minister Narendra Modi, defence minister Rajnath Singh, home minister Amit Shah and other BJP leaders praised the Budget for being holistic in approach. Though it does not have an announcement of tax exemption, there are several announcements which will indirectly help middle-class people through infrastructure development, job creation, ministry officials said.
Budget 2021: Nirmala Sitharaman's Budget look
In her first Budget in 2019, Nirmala Sitharaman donned a purple-ish pink saree and one of the themes was 'Nari tu Narayani'.
Budget 2020's theme was aspirational India and the finance minister represented it in a mustard gold silk saree.
For the much-awaited Budget 2021, Nirmala Sitharaman has chosen red and white.
Budget 2021: FM Nirmala Sitharaman arrives at ministry office
Budget 2021: Anurag Singh arrives at ministry
Budget 2021: Expectations will be fulfilled, says Anurag Thakur
Ahead of Union Budget 2021, minister of state, finance, Anurag Thakur hinted that the Budget will be in accordance with people's expectations. "Government which functions on mantra of 'Sabka Saath, Sabka Vikas, Sabka Vishwas' gave new direction to India by announcing Aatmanirbhar package, protecting it from pandemic and bringing economy back on track swiftly," he said.
Budget 2021: MoS Anurag Thakur offers prayers ahead of Budget presentation
Union Budget 2021: 'Most crucial budget after 1991,' says Congress leader Manish Tewari
Watch: Finance Minister Nirmala Sitharaman with team ahead of Budget 2021
All set for Nirmala Sitharaman's 'economic vaccine'
Union Budget 2021: GST collections record all-time high in January
The finance ministry on Sunday said the January collections of the Goods and Services Tax (GST) were the highest ever since the implementation of the tax in July 2017. The figures reached ₹1.20 lakh crore in January.
Union Budget 2021: Why expectations from Nirmala Sitharaman are high
The budget is expected to revolve around the philosophy of “growth with a human touch”. It could focus on raising farmers' income, generating jobs for the young, improving healthcare standards, ease of compliance for citizens and business, big infrastructure projects, continued support to MSMEs and a push to make India self-reliant to become a key player in the global supply chain. Read
Union Budget 2021: What to expect overall
The budget is likely to boost public health spending in the wake of the Covid-19 pandemic, which highlighted gaps in the country’s health infrastructure. The survey has sought an increase in public health spending to 2.5-3% of GDP from the existing 1%. Full story
Union Budget: What tax changes you can expect
The government could increase deductions under section 80 C. Currently, the deduction limit under section 80C of the Income-tax Act, 1961 (Act) for specified tax-saving investments is ₹1.5 lakh. It is expected that the government might increase this limit up to ₹2.5 lakh. Full story
Union Budget 2021: Prioritising growth versus maintaining fiscal prudence
Investors will keenly watch how Union finance minister Nirmala Sitharaman balances the need to spend big to spur a budding economic recovery amid limited fiscal room as she rises to present the Union budget on Monday.
Union Budget 2021: 5 number to watch out for
Revised estimates for 2020-21, fiscal deficit, tax devolution to states, disinvestment plans, welfare spending. Read
