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.
Union Finance Minister Nirmala Sitharaman presents the Union Budget 2021-22 in Lok Sabha in New Delhi on Monday. (ANI)
Union Finance Minister Nirmala Sitharaman presents the Union Budget 2021-22 in Lok Sabha in New Delhi on Monday. (ANI)(HT_PRINT)
Updated on Feb 01, 2021 11:12 PM IST
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By hindustantimes.com | Edited by Poulomi Ghosh

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

    Photo: PIB
    Photo: PIB
  • 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

    Photo: Finance ministry
    Photo: Finance ministry
  • Feb 01, 2021 01:30 PM IST

    What's cheaper, what's dearer: Changes in customs duty in electronic sector

    Photo: Finance ministry
    Photo: Finance ministry
  • 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

    Infrastructure

    Inclusive development

    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

    Budget 2021: Watch live

    Here are the links where you can watch Nirmala Sitharaman's Budget speech live

    https://www.youtube.com/watch?v=Q9wNIyLdZLo

    https://rstv.nic.in/

    https://loksabhatv.nic.in/

  • Feb 01, 2021 10:31 AM IST

    Budget 2021: Hema Malini arrives at Parliament

    BJP MP Hema Malini has arrived at Parliament
    BJP MP Hema Malini has arrived 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

    Finance minister Nirmala Sitharaman on Budget day in 2019, 2020 and 2021, (From left to right)
    Finance minister Nirmala Sitharaman on Budget day in 2019, 2020 and 2021, (From left to right)

    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

    Ahead of Budget presentation at Parliament at 11am, finance minister Nirmala Sitharaman arrives at finance ministry office. (Photo: ANI)
    Ahead of Budget presentation at Parliament at 11am, finance minister Nirmala Sitharaman arrives at finance ministry office. (Photo: ANI)
  • 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

    Minister of state, finance, Anurag Thakur offers prayers at his residence ahead of Union Budget 2021. Photo: ANI
    Minister of state, finance, Anurag Thakur offers prayers at his residence ahead of Union Budget 2021. Photo: ANI
  • 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

    Revenues for month of January 2021 are 8% higher than GST revenues in same month last year. (Photo: Finance ministry)
    Revenues for month of January 2021 are 8% higher than GST revenues in same month last year. (Photo: Finance ministry)

    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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Budget Session highly productive; 18 bills passed by both houses: Prahlad Joshi

He said during the entire session, there were 24 sittings of the Lok Sabha and 23 of the Rajya Sabha.
Congress MPs walk out amid voting on the government of National Capital Territory of Delhi (Amendment) Bill at Rajya Sabha during the Budget Session of Parliament, in New Delhi, Wednesday. (PTI)
Congress MPs walk out amid voting on the government of National Capital Territory of Delhi (Amendment) Bill at Rajya Sabha during the Budget Session of Parliament, in New Delhi, Wednesday. (PTI)
Published on Mar 25, 2021 06:53 PM IST
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PTI | , New Delhi

‘Don’t miss Parliament at all’: PM Modi tells leaders at BJP parliamentary meet

In the first two days of the second leg of the budget session, Parliament witnessed an uproar over rising fuel prices.
Prime Minister Narendra Modi arrives to attend BJP's parliamentary meeting. (ANI Photo )
Prime Minister Narendra Modi arrives to attend BJP's parliamentary meeting. (ANI Photo )
Updated on Mar 10, 2021 11:58 AM IST
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By hindustantimes.com | Written by Kanishka Sarkar

Maharashtra budget 2021: Farmers can repay farm loans with 0% interest

  • During the budget presentation, Pawar also said the government has taken measures to encourage women to invest in real estate.
Deputy chief minister Ajit Pawar during Budget Assembly Session at Vidhan Bhavan in Mumbai. (Vidyadhar Rane/HT PHOTO)
Deputy chief minister Ajit Pawar during Budget Assembly Session at Vidhan Bhavan in Mumbai. (Vidyadhar Rane/HT PHOTO)
Published on Mar 08, 2021 04:04 PM IST
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By hindustantimes.com | Edited by Shankhyaneel Sarkar, Hindustan Times, New Delhi

RS adjourned twice amid uproar over fuel prices, Naidu against 'drastic action'

Following Mallikarjun Kharge's remarks, there was uproar over the issues as Congress MPs began raising slogans and demanded a discussion over fuel prices hike.
Congress' Mallikarjun Kharge speaking in the Rajya Sabha on Monday. (Screengrab)
Congress' Mallikarjun Kharge speaking in the Rajya Sabha on Monday. (Screengrab)
Updated on Mar 08, 2021 12:27 PM IST
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By hindustantimes.com | Written by Kanishka Sarkar, Hindustan Times, New Delhi

Second part of Parliament's Budget session begins today

The part two of the session is taking place at a time when political parties have their focus on elections in West Bengal, Tamil Nadu, Assam, Kerala and Puducherry.
New Delhi, India - April 20, 2020: A view of the Parliament House seen as Lok Sabha and Rajya Sabha secretariats resumed work from today after they were shut in the last week of March due to the COVID-19 outbreak, in New Delhi, India, on Monday, April 20, 2020. (Photo by Mohd Zakir/HT Archive) (Mohd Zakir/HT Archive)
New Delhi, India - April 20, 2020: A view of the Parliament House seen as Lok Sabha and Rajya Sabha secretariats resumed work from today after they were shut in the last week of March due to the COVID-19 outbreak, in New Delhi, India, on Monday, April 20, 2020. (Photo by Mohd Zakir/HT Archive) (Mohd Zakir/HT Archive)
Published on Mar 08, 2021 06:56 AM IST
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PTI | , New Delhi

Finance minister Sitharaman to address post-Budget RBI board meeting

  • The meeting will be held virtually this year due to the ongoing Covid-19 pandemic.
Union Finance Minister Nirmala Sitharaman at Parliament, during the ongoing Budget Session, in New Delhi. (PTI)
Union Finance Minister Nirmala Sitharaman at Parliament, during the ongoing Budget Session, in New Delhi. (PTI)
Published on Feb 16, 2021 07:10 AM IST
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By hindustantimes.com | Edited by Shankhyaneel Sarkar, Hindustan Times, New Delhi

Budget aims to uplift poor, Oppn is spreading false narrative: FM Sitharaman

Speaking on the budget in the Rajya Sabha, Sitharaman said the budget was drawn from the experience of Prime Minister Narendra Modi, known for his commitment to development, growth and reform, and it was through these three things that Aatmanirbhar Bharat would be attained.
Union minister for finance Nirmala Sitharaman is seen in this file photo.
Union minister for finance Nirmala Sitharaman is seen in this file photo.
Published on Feb 13, 2021 02:19 AM IST
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By Rajeev Jayaswal, New Delhi

Budget shows hope to build new, self-reliant India, says Anurag Thakur

Anurag Thakur also addressed the farmers’ stir issue and challenged the Congress and Opposition leaders to show where it was written that mandi and minimum support price system will end.
Union minister Anurag Thakur speaking in the Rajya Sabha on Friday.(ANI Photo/RSTV Screengrab)
Union minister Anurag Thakur speaking in the Rajya Sabha on Friday.(ANI Photo/RSTV Screengrab)
Published on Feb 12, 2021 11:31 AM IST
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By hindustantimes.com | Written by Kanishka Sarkar

Nirmala Sitharaman to reply on budget discussion in Rajya Sabha today

The discussion started on Wednesday in Lok Sabha with Prime Minister Narendra Modi’s reply to the motion of thanks on the President’s address
Union minister for finance and corporate affairs, Nirmala Sitharaman. (File photo)
Union minister for finance and corporate affairs, Nirmala Sitharaman. (File photo)
Updated on Feb 12, 2021 09:48 AM IST
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By HT Correspondent | Edited by Sarah Kadan

Highlights: FM to reply to Budget discussion in Lok Sabha at 10am on Feb 13

Budget session highlights: Today is also the last sitting of the Rajya Sabha for the first phase of the session.
A view of Parliament House.
A view of Parliament House.
Updated on Feb 13, 2021 12:29 AM IST
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Budget session: Rajya Sabha sitting for February 13 cancelled

The first part of the budget session was scheduled to continue till February 15, however, it was later rescheduled to end on February 13.
Rajya Sabha Chairman M Venkaiah Naidu speaks during the budget session of Parliament, in New Delhi on Thursday. (ANI Photo/RSTV Grab)
Rajya Sabha Chairman M Venkaiah Naidu speaks during the budget session of Parliament, in New Delhi on Thursday. (ANI Photo/RSTV Grab)
Published on Feb 12, 2021 07:21 AM IST
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ANI | , New Delhi

‘Disengagement plan at Pangong Tso finalised’, says Rajnath Singh on China row

Rajnath Singh's remarks come a day after the Chinese defence ministry said that both sides have begun disengaging on the southern and northern banks of Pangong Tso
Union defence minister Rajnath Singh in Rajya Sabha(RSTV/screengrab)
Union defence minister Rajnath Singh in Rajya Sabha(RSTV/screengrab)
Updated on Feb 11, 2021 11:48 AM IST
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By hindustantimes.com, Hindustan Times, New Delhi

PM Modi to reply to motion of thanks on President’s address in Lok Sabha today

Modi had delivered his reply to the President's address in the Rajya Sabha on Monday where he asserted that his government was working for the welfare of small farmers
Prime Minister Narendra Modi speaks during the farewell to retiring Rajya Sabha MPs during the Budget Session of Parliament in New Delhi on Tuesday. (ANI Photo/ RSTV Grab)
Prime Minister Narendra Modi speaks during the farewell to retiring Rajya Sabha MPs during the Budget Session of Parliament in New Delhi on Tuesday. (ANI Photo/ RSTV Grab)
Updated on Feb 10, 2021 02:02 PM IST
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By hindustantimes.com | Written by Kanishka Sarkar

‘Working for small farmers’, says PM Modi amid farm stir, hits out at ‘new FDI’

PM Modi said that since his government came to power in 2014, the Centre has initiated changes in the agriculture sector aimed at empowering farmers
Prime Minister Narendra Modi speaking in the Rajya Sabha during ongoing Budget Session of Parliament, in New Delhi, on Monday(PTI Photo )
Prime Minister Narendra Modi speaking in the Rajya Sabha during ongoing Budget Session of Parliament, in New Delhi, on Monday(PTI Photo )
Updated on Feb 08, 2021 03:11 PM IST
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By hindustantimes.com | Written by Kanishka Sarkar

Budget about faith, disinvestment not equal to selling family silver: FM

Talking about the coronavirus disease (Covid-19) pandemic, Nirmala Sitharaman said that India found a way to survive "even when developed countries are struggling".
Union minister of finance Nirmala Sitharaman, New Delhi, February 1, 2021 (Ajay Aggarwal /HT PHOTO)
Union minister of finance Nirmala Sitharaman, New Delhi, February 1, 2021 (Ajay Aggarwal /HT PHOTO)
Updated on Feb 07, 2021 02:44 PM IST
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By hindustantimes.com | Edited by Amit Chaturvedi
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