Highlights: Budget will drive economic revival post Covid-19, says India Inc
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.
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.
Follow all the updates here:
Feb 01, 2021 08:04 PM IST
Delhi Police gets ₹8,644.12 crore in Budget; ₹10 crore for Nirbhaya Fund
The Delhi Police has been allocated ₹8,644.12 crore in the Union Budget for financial year 2021-22, even as around ₹10 crore has been set aside for Nirbhaya Fund.
According to a police statement, out of the total budget, ₹8,100.20 crore has been embarked for establishment-related expenditure. A sum of ₹237.92 crore shall be incurred for upgradation and expansion of communication infrastructure, modernisation of equipment, installation of traffic signals, upgradation of training and procurement of vehicles for policing.
Feb 01, 2021 07:32 PM IST
₹5.50 crore allocated to Central Information Commission and RTI in Union Budget
The government has provisioned ₹5.50 crore for the Central Information Commission and RTI in the Union Budget presented on Monday, a drop of over 44 per cent from 2020-21.
In the revised estimates for 2020-21, the 'CIC and RTI' -- the CIC's Construction of Head Office Building and DOPTs Propagation of the RTI Act -- received ₹9.89 crore.
Feb 01, 2021 07:26 PM IST
Investors richer by over ₹6.34 lakh cr as markets give big shout-out to Budget 2021
Investors became richer by over ₹6.34 lakh crore on Monday as markets gave a big shout-out to the Budget 2021-22, which analysts termed as 'unprecedented' against the backdrop of the pandemic-induced slowdown.
Cheering the Budget proposals, the BSE benchmark Sensex zoomed 2,314.84 points or 5 per cent to close at 48,600.61.
During the day, it jumped 2,478.63 points to 48,764.40. This was the best Budget-day gain for the markets since 1997, analysts said.
Feb 01, 2021 07:08 PM IST
Budget a move towards privatisation: NCP; Maha ignored, says Sena
The ruling Shiv Sena on Monday said Maharashtra was ignored in the Union Budget while its allies NCP and Congress termed the annual financial plan as disappointing amidst the coronavirus pandemic and a move towards privatisation.
On the other hand, senior BJP leader and former Maharashtra chief minister Devendra Fadnavis welcomed the provisions made for metro projects for Nashik and Nagpur cities in the Budget.
Deputy Chief Minister and state Finance Minister Ajit Pawar said, "At a time when country's scientists gave life to the people by inventing Covid-19 vaccine, the Union budget has once again put the public on the path of death".
Feb 01, 2021 06:01 PM IST
Budget reformist, will drive economic revival post Covid-19: India Inc
India Inc on Monday hailed Finance Minister Nirmala Sitharaman's Budget for 2021-22 as a reformist one that reimagines India's self-reliance like never before and will drive revival of the economy from the impact of the pandemic with enhanced spending.
The focus on growth over fiscal consolidation, healthcare spending and steps to further help the startup ecosystem came in for praise from industry leaders across different sectors.
Feb 01, 2021 05:49 PM IST
Union Budget 2021: Committed to farmers' interests, says Tomar
Agriculture minister Narendra Singh Tomar said the government under the leadership of PM Narendra Modi is committed to working for the interest of farmers.
"Every year the focus is not only on increased budget allocation, but also the implementation of schemes," he said.
Feb 01, 2021 05:42 PM IST
'Deceived people': Chidambaram's take on Sitharaman's budget
"Finance minister Nirmala Sitharaman deceived people, especially poor, working class, migrants and farmers," Congress leader and former finance minister P Chidambaram said.
Feb 01, 2021 05:35 PM IST
Budget 2021: Adar Poonawalla lauds allocation for vaccines
"We welcome the Finance Minister's emphasis on healthcare spending and immunization especially for Covid-19 and the pneumococcal vaccines as this will help India recover rapidly from this pandemic," Serum Institute of India CEO Adar Poonawalla ha said.
Feb 01, 2021 05:32 PM IST
Budget 2021: 'Nothing for unorganised sector,' says Mamata
"It is anti-people budget. They always make false statements. India's first paperless budget sold almost every sector. There is nothing for the unorganized sector in the budget," says West Bengal Chief Minister Mamata Banerjee.
Feb 01, 2021 05:26 PM IST
Nirmala Sitharaman on job losses during pandemic
"If employers who threw staff during Covid-19 — whatever may be the reason — take them back, we will provide their PF for the coming two years. Let them come back. We already announced this earlier," says Sitharaman
Feb 01, 2021 05:22 PM IST
Will reason out political opposition: FM on privatisation of banks
"There are some public sector banks which are not picking up no matter how much fund we infuse. We are not against keeping public sector banks. But there are some whose health is worrisome," says FM.
Feb 01, 2021 05:18 PM IST
Govt will walk on the path of reforms: Nirmala
"On disinvestment, we are following transparency. We are giving out details so that investors get clarity and certainty. There will be bare minimum involvement of government," FM says.
Feb 01, 2021 05:12 PM IST
Budget LIVE: Doubling farmers' income always our focus
"In every budget, we strive to double farmers' income," says FM.
Feb 01, 2021 05:05 PM IST
Budget Live: Committed to provide more than ₹35,000 crore for vaccines if needed
Nirmala Sitharaman said she is committed to provide more than ₹35,000 crore for Covid-19 vaccines this year, if needed.
Feb 01, 2021 05:01 PM IST
Budget Live: FM on resting economic balance
"Balance is expected to get reset by the fact that the money is going to capital expenditure," says FM. "Directly giving money in people's hand helps but I have seen in the initial days that the money is getting blocked. And I don't blame people for that. That money will not be spent amid such Covid-19 crisis," she said.
Feb 01, 2021 05:00 PM IST
We are giving boost to public expenditure: Nirmala Sitharaman
The focus of Budget 2021 is to boost public expenditure, says Nirmala Sitharaman. "An infrastructure project may take 5 years to be completed. But job creation will take place now," she says.
Feb 01, 2021 04:38 PM IST
WATCH: HT in conversation with Finance Minister Nirmala Sitharaman
Feb 01, 2021 04:28 PM IST
Watch: Agriculture announcements by FM Nirmala amid farmer protests
Feb 01, 2021 04:07 PM IST
'Either he doesn't understand any of what he tweets or he is ill-advised': Nirmala Sitharaman's reply to Rahul Gandhi
"My Budget speaks for itself. I don't need to respond to Rahul Gandhi's tweet where he refers to 'crony capitalism' every 15 days. Can he explain why the development of Vizhinjam port in Kerala was handed over to a crony capitalist when the Congress was in power. If he can explain, then I will agree that he can go about with his pet project of tweeting about crony capitalism. ...Either he doesn't understand any of what he tweets or he is ill-advised," says FM.
Feb 01, 2021 03:54 PM IST
Budget 2021: Consultation only way for solution, says FM
"Farmers are protesting on borders. We can understand. If any farmer has any question, then the agriculture minister is ready to discuss point-by-point. PM Modi has already said that the proposal is on the table. I will reiterate that as I believe that consultation is the only way," Nirmala Sitharaman said.
Feb 01, 2021 03:45 PM IST
Budget 2021: Defence has not been undermined, says FM
Nirmala Sitharaman said defence Budget has not been undermined. Defence Budget consists of three components: Revenue, pension, capital component.
Feb 01, 2021 03:39 PM IST
Budget 2021: FM on fiscal deficit
Feb 01, 2021 03:37 PM IST
Budget 2021: FM explains how middle-class people will be benefited by her Budget
"We have taken steps for employment creation, infrastructure development which will again generate employment, change in definition of MSME. All these measures will help middle-class people, small traders," FM says.
Feb 01, 2021 03:34 PM IST
Budget 2021: Nirmala Sitharaman on Gold, silver price change because of customs duty and cess
"We reduced the customs duty and levied a disproportionate amount of cess so that the end-users do not get affected much," FM said.
Feb 01, 2021 03:27 PM IST
Budget 2021: FM addresses post-Budget press conference
"This Budget comes at a time when all of us decided to give impetus to the economy & that impetus, we thought, would be qualitatively spent and give necessary demand push if we choose to spend big on infrastructure," Finance Minister Nirmala Sitharaman said.
Feb 01, 2021 03:24 PM IST
Budget 2021: Here is all you need to know about Defence Budget
In 2020, defence got ₹4.71 lakh crore. In this budget, the amount has gone up to ₹4.78 lakh crore. Read
Feb 01, 2021 03:21 PM IST
A Budget that will increase problems manifold: Arvind Kejriwal
Feb 01, 2021 03:20 PM IST
Budget 2021: This Budget has farmers, villages at heart, says PM
"The Budget has agriculture reforms. MSME sector's budget has also been doubled," PM Modi said.
Feb 01, 2021 03:14 PM IST
Budget 2021: 'Jaan Bhi, Jahan Bhi,' PM Modi praises focus of the Budget
In combating the Covid-19 pandemic, India has always been proactive. This Budget is also a proactive statement on part of India, PM Modi said. "We have given a pro-active Budget. The focus of the Budget is Jaan bhi, jahan bhi...," he added.
He also said that many experts had apprehended that taxpayers will be burdened in a Budget prepared amid Covid-19. "But I am happy that experts today are acknowledging the transparency of the Budget."
Feb 01, 2021 03:04 PM IST
Budget 2021: PM Modi address nation, congratulates finance minister
Prime Minister Narendra Modi congratulated finance minister Nirmala Sitharaman and said the Budget has special focus on health and infrastructure. It will accelerate growth and create jobs, PM Modi said.
"The Budget was presented at an unprecedented situation. The Budget talks of all-round development for all parts of the country. There is a vision of self-reliance combined with inclusivity. New opportunities for growth, youth have been the focus of this Budget," he said adding that ease of doing business is another focus of the Budget.
Feb 01, 2021 02:58 PM IST
An achievement on its own: Health minister Harsh Vardhan
"FM spoke of 6 prominent pillars, with the topmost pillar being health & well being. Investment in the health sector has risen 137% which is 2.47 times more than our last year's Budget estimates. This is an achievement in its own," Union health minister Dr harsh Vardhan said.
Feb 01, 2021 02:57 PM IST
Budget 2021: What farmer leader Rakesh Tikait says to Nirmala Sitharaman's Budget
Feb 01, 2021 02:55 PM IST
Budget 2021: Rahul Gandhi slams privatisation proposals
Feb 01, 2021 02:54 PM IST
Budget 2021 on market security
Feb 01, 2021 02:48 PM IST
Budget 2021: No unprecedented measure for unprecedented times, says Adhir Chowdhury
Expressing disappointment over Budget 2021, Congress leader Adhir Ranjan Chowdhury said the Budget falls short in meeting expectations as there are no unprecedented measures for the unprecedented times. "But this is an ordinary Budget in unprecedented times through which Govt wants to save itself by taking the route of privatisation. There are elections in some states so they made a road for vote. They spoke of spending money but we received no grant. We'd expected they'll transfer cash to help poor but nothing happened. Disinvestment, privatisation-Govt thinks that country should be put on sale," he said.
Feb 01, 2021 02:37 PM IST
Budget 2021: Amitabh Kant says 3 words to describe Budget
Niti Aayog CEO Amitabh Kant said the Budget is practical, rational and progressive. "Most importantly, tax has not been tampered with and no new cesses have been imposed," he said.
Feb 01, 2021 02:29 PM IST
Budget 2021: 'Highest ever capital expenditure target in the history,' Rajnath Singh praises Budget
Defence minister Rajnath Singh praised Union Budget 2021 and said it will usher India into a new era.
Read his message:
"Congratulations to Finance Minister Smt. @nsitharaman for presenting the first Digital Budget which lays the strong foundation for a Self-Reliant India. Inspired by PM Shri @narendramodi’s vision of Inclusive Development this Budget will expedite India’s economic transformation. During the challenging times of COVID-Pandemic the FM had presented five mini-budgets in the form of packages in 2020. This Budget is the biggest addition in that series. This Budget is unprecedented in many ways and it will strengthen the sankalp of ‘Atmanirbhar Bharat’. This Budget has set the highest ever capital expenditure target in the history of Independent India by underling funds for capex worth ₹5.54 lakh crore. This capex push will set the ball rolling for making India a five trillion dollar economy.
"Several new policies & programmes to support India’s farmers, agriculture, infrastructure and reinvigoration of Human Resource have also been announced. I am glad that the Budget has proposed opening of 100 new Sainik Schools in the country. I specially thank PM& FM for increasing the defence budget to 4.78 lakh cr for FY21-22 which includes capital expenditure worth ₹1.35 lakh crore. It is nearly19 percent increase in Defence capital expenditure. This is highest ever increase in capital outlay for defence in 15yrs. Special attention has been paid to economic reforms, employment generation, capital formation and creating infrastructure in India. Based on 6 pillars of good governance this Budget will usher India into a new era of inclusive growth and prosperity."
Feb 01, 2021 02:25 PM IST
Budget 2021: 'Thank you, Pradhanmantri ji,' tweeted Yogi Adityanath
Feb 01, 2021 02:19 PM IST
Budget 2021: Sop on housing projects, home loans explained
Finance minister Nirmala Sitharaman announced an additional deduction of ₹1.5 lakh on home loans taken till March 31, 2022. The provision was originally announced in 2019.
So now, a person purchasing an affordable house will get an enhanced interest deduction of up to ₹3.5 lakh.
Affordable housing projects can avail a tax holiday for one more year – till 31st March, 2022
Feb 01, 2021 02:09 PM IST
Budget 2021: Theme of this budget was 'Sell India', slams TMC
India's first paperless budget is also a 100% visionless budget; theme of the 'fake budget' is 'sell India': TMC MP Derek O'Brien.
Feb 01, 2021 02:07 PM IST
Bhadget 2021: Cheers from market
Sensex soars over 1,800 points; currently at 48,172.85.
Feb 01, 2021 02:05 PM IST
Budget 2021: WHO South-East Asia director praises India's focus on health
"Focus on health in Budget is testimony to India's commitment to fighting COVID. It also shows India's commitment to building stronger health systems. Right from the beginning, India has been pro-actively handling pandemic. It has not only done this for its own country but it has also gone out of its way to support other countries of the Southeast Asian region with supplies and now vaccines so that those who are vulnerable, their needs are also addressed," Dr Poonam Khetrapal Singh, Regional Director, WHO South-East Asia, said.
Feb 01, 2021 01:57 PM IST
All expectations fulfilled: Niti Aayog vice chairman
Reacting to Union Budget 2021, Niti Aayog vice-chairman Rajiv Kumar said Sitharaman has ful filled all expectations "Given the current times, the budget is focussed on India's growth and is tailored to accelerate the growth rate," he said,
Feb 01, 2021 01:47 PM IST
Budget 2021: 5 things that Nirmala Sitharaman said defining the Budget
> "Faith is the bird that feels the light and sings when the dawn is still dark..our fight against COVID-19 continues into 2021. There are signs that the political, economic, and strategic relations in the post COVID world are changing. This moment in history is the dawn of a new era – one in which India is well-poised to truly be the land of promise and hope."
> "We knew of calamities that have affected a country or a region within a country, but what we have endured with COVID-19 through 2020 is sui generis."
> "The risk of not having a lockdown was far too high."
> "Today, India has two vaccines available and has begun medically
safeguarding not only her own citizens against Covid-19, but also those of
100 or more countries. It is added comfort to know that two or more
vaccines are also expected soon."
> "2021 is the year of many important milestones for our history. I
mention a few of these: It is the 75th year of Independence; 60 years of
Goa’s accession to India; 50 years of the 1971 India-Pakistan War..."
Feb 01, 2021 01:30 PM IST
Revised customs duty on agriculture products
Feb 01, 2021 01:30 PM IST
What's cheaper, what's dearer: Changes in customs duty in electronic sector
Feb 01, 2021 01:23 PM IST
AAP takes a veiled jibe at Budget 2021
Feb 01, 2021 01:07 PM IST
Budget Live: Nothing for salaried class, says Shiv Sena leader Priyanka Chaturvedi
Feb 01, 2021 01:06 PM IST
Budget Live 2021: A Budget that moves forward, says Chetan Bhagat
Feb 01, 2021 12:59 PM IST
Budget Live: Markets rise as FM concludes her Budget speech
Sensex rises 1420.03 points, currently at 47,705.80. Nifty up by 362.70 points, currently at 13,997.30
Feb 01, 2021 12:58 PM IST
Budget Live: Congress leader Shashi Tharoor slams Budget
Feb 01, 2021 12:54 PM IST
Budget Live 2021: Nirmala Sitharaman concludes speech, no change in IT slabs
Finance minister Nirmala Sitharaman has concluded her Budget speech. There has been no announcement for individual tax payers.
Feb 01, 2021 12:50 PM IST
Budget Live 2021: Customs duty on auto parts to be raised
Customs duty on some auto parts to be raised to 15%, announces FM
Feb 01, 2021 12:47 PM IST
Budget Live 2021: FM's announcement of PF
Late deposit of employee's contribution (towards social security) will not be allowed as a deduction to the employer, says Nirmala Sitharaman
Feb 01, 2021 12:44 PM IST
Budget Live 2021: Income tax filing has gone up.
Nirmala Sitharaman says Income tax return filers increased to 6.48 crore in 2020 from 3.31 crore in 2014
Feb 01, 2021 12:40 PM IST
Budget Live 2021: Sop for housing
> Affordable housing projects can avail a tax holiday for one more year till 31 March 2022.
> Notified rental housing projects can avail of tax exemptions.
Feb 01, 2021 12:33 PM IST
Budget Live 2021: Exemption for senior citizens
Senior citizens who only have pension income are exempt from filing income tax returns. "We shall reduce the compliance burden for those 75 years and above. Senior citizens above 75 years of age with only interest income will not have to file income tax returns," the FM said.
Feb 01, 2021 12:26 PM IST
Budget Live 2021: Nirmala Sitharaman on fiscal deficit
> Fiscal deficit in 2020-21 is pegged at 9.5% of the GDP.
> Gross borrowing will be around ₹12 lakh crore in the next fiscal.
> We need ₹80,000 crore from the markets in the last two months of financial year 2021-22
Feb 01, 2021 12:12 PM IST
Agri Budget: What Nirmala Sitharaman said
> Increase in agriculture credit target to ₹16.5 lakh crore.
> MSP procurement will continue at a steady pace.
Feb 01, 2021 12:09 PM IST
Education Budget 2021: FM announced education budget
> More than 15,000 schools will be qualitatively strengthened
> 100 new Sainik schools to be set up
> Legislation for umbrella body of higher education
> Central university in Leh
Feb 01, 2021 12:06 PM IST
Budget 2021: FM on migrant workers
> 32 states covering 69 crore beneficiaries have implemented One Nation One Ration card.
> A site compiling details of workers
Feb 01, 2021 12:00 PM IST
Budget 2021: Members disrupt as FM talks about farm reforms
As finance minister Nirmala Sitharaman talks about farm reforms taken up in 2020, members disrupt her. " The data I am going to give now is important for all members in the House," FM says.
Feb 01, 2021 11:57 AM IST
Budget 2021: Two PSBs to be taken up in 2021
"We propose to take up two public sector banks and one general insurance companies for stake sale in FY22. I propose to move amendments to the law this year. We will also bring LIC's IPO this fiscal," Nirmala Sitharaman says
Feb 01, 2021 11:53 AM IST
Budget 2021: How markets react to FM's announcements
Sensex jumps 950 points to 47,238.55, Nifty nears 13,900 as Sitharaman makes key budget announcements
Feb 01, 2021 11:50 AM IST
Budget 2021: Deposit Insurance ₹5 lakh
FM announced ₹20,000 crore for PSB recapitalisation and ₹5 lakh for as deposit insurance.
Feb 01, 2021 11:46 AM IST
Budget 2021: Insurance companies to have 74% FDI
Nirmala Sitharaman proposes change in laws to permit FDI in insurance sector from 49% to 74 %
Feb 01, 2021 11:44 AM IST
Budget 2021: Ujjwala scheme to be extended to 1 crore more
Ujjwala scheme will be extended to 1 crore additional families, FM said. About eight crore are already covered under this scheme.
Feb 01, 2021 11:40 AM IST
Budget 2021: ₹1.10 lakh crore from Railways
Sitharaman announces ₹1.10 lakh crore outlay for railways.
Feb 01, 2021 11:37 AM IST
Budget 2021: Allocation for Jal Jeevan Mission
Feb 01, 2021 11:35 AM IST
Budget India 2021: Highway works proposed in Kerala, West Bengal
Nirmala Sitharaman spelt out the proposed highways works in several states.
> 3,500 km corridor in Tamil Nadu
> 1,100 km in Kerala at investment of ₹65,000 cr
> 675 km in West Bengal at a cost of ₹95,000 cr
> 1,300 km in Assam in the next 3 years
Feb 01, 2021 11:33 AM IST
Budget India 2021: FM on railways reforms
Indian Railways has prepared a national railways plan by 2030. It will bring down the logistics cost, Nirmala Sitharaman said.
Feb 01, 2021 11:29 AM IST
Budget India 2021: Special scheme to nudge states to spend more of their budget on infrastructure
"In 2020-21, we have provided for ₹4.12 lakh crore for capital expenditure. We are likely to end at ₹4.39 lakh crore towards it. We will provide ₹5.54 lakh crore towards Capital Expecditure in FY22 - 34% more than the budget estimates of last year," says FM
Feb 01, 2021 11:27 AM IST
Vaccine Budget: ₹35,000 crore for covid-19 vaccines
Finance minister Nirmala Sitharaman announced ₹35,000 crore for Covid-19 vaccines.
Feb 01, 2021 11:25 AM IST
Health Budget 2021: Nirmala Sitharaman announces ₹2,83,846 lakh crore for health and wellness
Finance minister Nirmala Sitharaman announced ₹2,83,846 lakh crore for health and wellness sector which also includes ₹35,000 crore for Covid-19 vaccines.
Feb 01, 2021 11:19 AM IST
India Budget 2021: FM announced voluntary vehicle scrapping policy
Nirmala Sitharaman announced a voluntary vehicle scrapping policy where vehicles will undergo fit test.
Feb 01, 2021 11:17 AM IST
India Budget 2021: Six pillars of Budget
Health and wellbeing
Development of human capital
Research and development
Minimum government, maximum governance
Feb 01, 2021 11:15 AM IST
Budget speech Live: Nirmala Sitharaman lauds India's vaccine drive
Feb 01, 2021 11:12 AM IST
Budget 2021: Focus of part A Aatmanirbhar Bharat
India has always been Aatmanirbhar and a business epicentre, finance minister Nirmala Sitharaman said.
Feb 01, 2021 11:10 AM IST
Budget 2021 speech: Only three times, Budget followed contraction in India
Finance minister Nirmala Sitharaman said that in the history of Independent India, only three times, Budget followed contraction. This time, the contraction is due to contraction in the global economy, she added. Govt is fully ready to support the revival of economic growth, she said.
Feb 01, 2021 11:08 AM IST
Budget 2021 speech Live: Had 5 mini budgets this year, says FM
Aatmanirbhar packages announced in view of Covid-19 pandemic were like 5 mini budgets, the finance minister said.
Feb 01, 2021 11:07 AM IST
Budget 2021 speech: India has two vaccines, 2 on way
" We are ever grateful for the strength and rigour of our scientists," FM said adding that India has two vaccines against Covid-19 and two are on the way.
Feb 01, 2021 11:03 AM IST
Budget 2021: Nirmala Sitharaman presents Budget
The preparation of the Budget was done in situation unprecedented, finance minister Nirmala Sitharaman begins her speech amid uproar from House members.
Feb 01, 2021 10:49 AM IST
A Budget like never before: How will MPs get Budget copies?
MPs will be distributed the digital copies of the Budget.
Feb 01, 2021 10:46 AM IST
Budget 2021: Here are Rahul Gandhi's 3 expectations
Feb 01, 2021 10:36 AM IST
Budget 2021: Cabinet approves Budget 2021
The Cabinet chaired by Prime Minister Narendra Modi has approved Budget for the fiscal year 2021-22.
Feb 01, 2021 10:35 AM IST
Feb 01, 2021 10:31 AM IST
Budget 2021: Hema Malini arrives at Parliament
Feb 01, 2021 10:24 AM IST
Budget 2021: Cabinet meeting begins
Cabinet meeting has begun ahead of Nirmala Sitharaman's Budget speech today at 11am.
Feb 01, 2021 10:22 AM IST
Budget 2021 | A budget like never before: Tab in, Bahi Khata out
Nirmala Sitharaman has promised a Budget like never before. And indications have started coming in for an unprecedented budget as for the first time, the finance minister will read out her Budget speech from a tab, which has been made in India — a Budget where Digital India meets Aatmanirbhar Bharat. Read
Feb 01, 2021 10:15 AM IST
Budget 2021: FM shows her tab, containing her Budget speech, as she enters Parliament
Nirmala Sitharaman shows her tab, which contains her paper-less Budget speech, as she enters Parliament ahead of Cabinet meeting
Feb 01, 2021 10:08 AM IST
Budget 2021: FM arrives at Parliament
After meeting the President, finance minister Nirmala Sitharaman has now reached Parliament. Union home minister Amit Shah and Union health minister Dr Harsh Vardhan have also reached Parliament.
Feb 01, 2021 10:02 AM IST
Budget 2021: Nirmala Sitharaman meets President Ram Nath Kovind
After leaving the finance ministry office, minister Nirmala Sitharama has now reached the Rashtrapati Bhavan.
Feb 01, 2021 09:58 AM IST
Budget 2021: List of documents you can download from all new Budget app
The App facilitates complete access to 14 Union Budget documents, including the Annual Financial Statement (commonly known as Budget), Demand for Grants (DG), and Finance Bill as prescribed by the Constitution.
Feb 01, 2021 09:49 AM IST
Budget 2021: Budget speeches high in word count
On one hand, there are Budget speeches that lasted long. On the other, there are speeches that have the highest word counts. In 1991, Manmohan Singh's Budget speech had 18,650 words. Arun Jaitley's Budget speech in 2018 had 18,604 words.
Feb 01, 2021 09:46 AM IST
Budget 2021 Live: Do you know which finance ministers have given the longest Budget speeches ever?
Nirmala Sitharaman's Budget speech 2020 was the longest going by the duration. Her speech lasted for about two hours and 40 minutes. She even felt unwell and had cut her speech short. In 2003, Jaswant Singh made a record of two hours and 15 minutes.
Feb 01, 2021 09:33 AM IST
Budget 2021: Sensex surges ahead of FM's Budget presentation
Sensex surges 443 points to 46,728.83 in opening trade ahead of Budget presentation; Nifty up 114.85 pts at 13,749.45
Feb 01, 2021 09:32 AM IST
Budget 2021 | From 'Bahi-Khata' to tab: Here is the message
For decades, the practice was to carry Budget documents in a briefcase. In 2019, finance minister Nirmala Sitharaman broke away from the tradition and embraced Indian Bahi Khata. India's fist finance minister RK Shanmukham Chetty carries a leather portfolio to present the first Budget in 1947. But as this year's Budget is paperless, Bahi Khata is out, and a tab is in. The tab has been placed inside a red cover with emblem Ashok Stambh embossed on it in golden — bearing a semblance with Bahi Khata.
The tablet is made in India. The focus is on 'Aatmanirbhar Bharat'
Feb 01, 2021 09:20 AM IST
Budget 2021: Nirmala Sitharaman leaves finance ministry office
Feb 01, 2021 09:17 AM IST
Budget 2021: Have you downloaded the Budget app yet?
This is the first time that the finance ministry has launched a mobile application exclusively for Budget 2021. Go to www.indiabudget.gov.in and download the app to get access to Nirmala Sitharaman's Budget speech today.
Feb 01, 2021 09:04 AM IST
Budget 2021: Here's a timeline of today's events
9am: Minister is expected to leave for Rashtrapati Bhawan
10am – Minister reaches Parliament
10.15am – Cabinet Meeting in Parliament
11am – Budget speech begins
3pm – Post-Budget Conference by Nirmala Sitharaman
Feb 01, 2021 09:03 AM IST
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.
Feb 01, 2021 08:49 AM IST
Budget 2021: FM Nirmala Sitharaman arrives at ministry office
Feb 01, 2021 08:46 AM IST
Budget 2021: Anurag Singh arrives at ministry
Feb 01, 2021 08:45 AM IST
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.
Feb 01, 2021 08:41 AM IST
Budget 2021: MoS Anurag Thakur offers prayers ahead of Budget presentation
Feb 01, 2021 08:30 AM IST
Union Budget 2021: 'Most crucial budget after 1991,' says Congress leader Manish Tewari
Feb 01, 2021 08:27 AM IST
Watch: Finance Minister Nirmala Sitharaman with team ahead of Budget 2021
All set for Nirmala Sitharaman's 'economic vaccine'
Feb 01, 2021 08:23 AM IST
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.
Feb 01, 2021 08:19 AM IST
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
Feb 01, 2021 08:16 AM IST
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
Feb 01, 2021 08:15 AM IST
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
Feb 01, 2021 08:11 AM IST
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.
Feb 01, 2021 08:09 AM IST
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
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- During the budget presentation, Pawar also said the government has taken measures to encourage women to invest in real estate.
- The meeting will be held virtually this year due to the ongoing Covid-19 pandemic.