FM Sitharaman to present Union Budget 2021 today
The Budget presentation will begin with a speech from Finance Minister scheduled to take place at around 11 am. Ahead of her third Budget presentation, the Finance Minister and her team will meet President Ram Nath Kovind, and will likely be accompanied by her deputy Anurag Thakur and other officials of the Finance Ministry. The Union Cabinet will hold a meeting at 10:15 am before the presentation. Usually, the duration of the presentation ranges from 90 to 120 minutes.
Anurag Thakur offers prayers at his residence ahead of the Budget presentation
Budget will be in accordance with people's expectations: Anurag Thakur
Anurag Thakur arrives at the Ministry of Finance
Finance Minister Nirmala Sitharaman arrives at the Ministry of Finance
Nirmala Sitharaman and Anurag Thakur leave from Ministry of Finance
Sitharaman replaces Swadeshi 'bahi khata' with tablet as Union budget goes digital
With the Union Budget 2021 set to be delivered in paperless form for the first time, Finance Minister Nirmala Sitharaman replaced the Swadeshi 'bahi khata' and switched to a tablet.
The Finance Minister was seen carrying a tablet kept inside a red coloured cover with a golden coloured national emblem embossed on it. Dressed in a red and cream colour saree, accompanied by MoS Finance Anurag Thakur and other officials from her ministry, Sitharaman is scheduled to meet President Ram Nath Kovind before presenting the budget at 11 am today.
Nirmala Sitharaman, Anurag Thakur arrive at Parliament
Union Home Minister Amit Shah and Union Health Minister Dr Harsh Vardhan arrive at the Parliament
Union Cabinet meeting begins ahead of presentation Budget
BJP MP Hema Malini arrives at Parliament
Lok Sabha Speaker Om Birla arrives at Parliament
Union Cabinet approves Budget
Union Cabinet approves the Union Budget 2021-22 that will be presented by Finance Minister Nirmala Sitharaman in the Parliament.
Jasbir Singh Gill and Gurjeet Singh Aujla wear black to Parliament, as a mark of their protest against farm laws
FM Nirmala Sitharaman presents Union Budget 2021-22
Preparation of this Budget was undertaken in circumstances like never before: Nirmala Sitharaman
The preparation of this Budget was undertaken in circumstances like never before, in view of calamities that have affected a country or a region within a country. But what we have endured with COVID-19 to 2020 is Sui generis, said Nirmala Sitharaman.
India has two COVID-19 vaccines available and we expect two more vaccines soon: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman in Parliament: India has two COVID-19 vaccines available and we expect two more vaccines soon. India currently also has one of the lowest death rate and active cases in the world. India's economic contraction is due to a global pandemic.The government is fully prepared to support and facilitate economic reset.
Three times has a Budget followed contraction in the economy: Nirmala Sitharaman
Three times has a Budget followed contraction in the economy. We will lay out a vision for Aatmanirbhar Bharat in Part-A of the Budget speech. This is not a new India .. ancient india was self reliant as well. 'Aatmanirbharta' consists of doubling farm income and strong infrastructure. It consists of good governance and women empowerment. Proposals for the FY22 Budget rests on 6 pillars: Finance Minister Nirmala Sitharaman
FM says the government is introducing Aatmanirbhar Health Yojana with an outlay of Rs 64,180 cr
We introduce the Aatmanirbhar Health Yojana with an outlay of Rs 64,180 crore over six years: Finance Minister Nirmala Sitharaman
Government stretched its resources for the benefit of the poorest of the poor: FM Nirmala Sitharaman
Over 2.33 lakh crore for Health, says FM Nirmala Sitharaman
Union Budget 2021 outlay for the health sector is over 2.33 lakh crore, says Union Finance Minister Nirmala Sitharaman.
Rs 35,000 crore to be allocated for further funds for COVID-19 vaccines: FM Nirmala Sitharaman
Rs 35,000 crore to be allocated for further funds for COVID-19 vaccines. We will provide more for COVID-19 vaccines if required: FM Nirmala Sitharaman
Rs 95,000 crore for roads development in Bengal: FM Sitharaman
Rs 95,000 crore to be spend on roads in West Bengal, announced Finance Minister Sitharaman.
Capital expenditure budget to increase to Rs 5.54 lakh cr in FY'22 from Rs 4.39 lakh cr in RE for FY'21
FM Nirmala Sitharaman proposes sharp increase in capital expenditure for next fiscal at Rs 5.54 lakh cr, up from Rs 4.39 lakh cr of last year.
Centre announces new Nutrition Programme
Supplementary Nutrition Programme and POSHAN Abhiyaan to be merged, Mission POSHAN 2.0 to be launched, To strengthen nutritional content, delivery and outcome, Intensified strategy for improving nutritional outcomes in aspirational districts: Nirmala Sitharaman.
For a 5-trillion dollar economy, our manufacturing sector has to grow in double digits on a sustained basis: FM Sitharaman
For a 5-trillion dollar economy, our manufacturing sector has to grow in double digits on a sustained basis. Our manufacturing companies need to become an integral part of global supply chains: Finance Minister Nirmala Sitharaman
Indian Railways gets 1.10 lakh crore
I am providing a record sum of Rs 1,10,055 crores for Railways of which Rs 1,07,100 crores is for Capital Expenditure only: Finance Minister Nirmala Sitharaman
Government to bring LIC IPO this year
The government plans to sell part of its holding in Life Insurance Corporation of India through an initial public offering in the coming year. An amendment to the existing Act to facilitate the public offer, says FM Nirmala Sitharaman
₹ 1.97 lakh crore over 5 years starting this FY, for Production Linked Incentive Schemes to create manufacturing global champions: Finance Minister Nirmala Sitharaman
₹ 1.97 lakh crore over 5 years starting this FY, for Production Linked Incentive Schemes to create manufacturing global champions. This will nurture size and scale and create jobs for youth: Finance Minister Nirmala Sitharaman
7 textile parks to be set up over 3 years: Finance Minister Nirmala Sitharaman
7 textile parks to be set up over 3 years. Scheme of Mega Investment Textile Parks to be launched to create world class infra in textile sector, with plug-and-play facilities: Finance Minister Nirmala Sitharaman
Our govt is committed to the welfare of farmers, says Nirmala Sitharaman
Our Govt is committed to the welfare of farmers. The MSP regime has undergone a change to assure price that is at least 1.5 times the cost of production across all commodities: Finance Minister Nirmala Sitharaman
Ujjwala scheme will be expanded to over 1 crore more beneficiaries: Nirmala Sitharaman
Ujjwala scheme will be expanded to over 1 crore more beneficiaries. We will add 100 more districts in the next three years to the city gas distribution network. A gas pipeline project will be taken up in Jammu and Kashmir: Finance Minister Nirmala Sitharaman
FM proposes increase in agriculture credit target to Rs 16.5 lakh crore
FM Sitharaman proposed increase in agriculture credit target to Rs 16.5 lakh crore. "The MSP regime has undergone a change to assure price that is at least 1.5 times the cost of production across all commodities. Total amount paid to paddy farmers surged to Rs 1.72 lakh crore in 2020-21."
Govt proposes to increase FDI cap in insurance sector to 74 pc
I propose to amend the Insurance Act 1938 to increase the permissible FDI limit from 49% to 74% in insurance companies and allow foreign ownership & control with safeguards: Finance Minister Nirmala Sitharaman
Investments in the development of modern fishing harbours & fish landing centres: Nirmala Sitharaman
I am proposing substantial investments in the development of modern fishing harbours & fish landing centres. 5 major fishing harbours - Kochi, Chennai, Visakhapatnam, Paradip and Petuaghat will be developed as hubs for economic activities: FM Nirmala Sitharaman
Central University in Leh, says FM Nirmala Sitharaman
Central university to be set up in Leh, announced Finance Minister Nirmala Sitharaman.
Govt proposes Rs 2.24 lakh cr outlay for healthcare in 2021-22: FM
The government on Monday proposed Rs 2,23,846 crore Budget outlay for health and well being for 2021-22, compared to Rs 94,452 crore in the current fiscal, an increase of 137 per cent. Finance Minister Nirmala Sitharaman also proposed Rs 35,000 crore outlay for COVID-19 vaccines for the next fiscal and announced the rollout of pneumococcal vaccines across the country to help save over 50,000 deaths annually.
Govt proposes portal to collect info on gig-workers, building and construction workers: FM
Social security benefits will be extended to gig and platform workers. Minimum wages will apply to all categories of workers. Women will be allowed to work in all categories and also in night shifts with adequate protection. To further extend efforts towards unorganised labour force, I propose to launch a portal to collect relevant information on gig workers, building/construction workers among others. It'll help formulate health, housing, skill, insurance credit &food schemes for migrant workers: Finance Minister Nirmala Sitharaman
Rs 15,700 cr provided for MSME sector in Union Budget
Union Finance Minister Nirmala Sitharaman has made a provision of Rs 15,700 crore for the Ministry of Micro, Small and Medium Enterprises (MSME) sector in the Union Budget 2021-22. "We have taken a number of steps to support the MSME sector in this budget. I have provided Rs 15,700 crore more than double the previous year," said Sitharaman while presenting the Union Budget in the Parliament.
FM Nirmala Sithraman announces Central University in Leh
Finance Minister Nirmala Sitharaman on Monday announced setting up Central University in Leh to make higher education accessible in Ladakh.
Govt to set up Rs 20,000 cr DFI to promote infra financing
Finance Minister Nirmala Sitharaman on Monday said the government will set up a Rs 20,000 crore Development Finance Institution (DFI) with a view to mobilise Rs 111 lakh crore required for funding of the ambitious national infrastructure pipeline. Unveiling the Union Budget 2021-22, the Finance Minister said that a professionally managed DFI to be set up to provide, enable and catalyze infrastructure financing. The government proposes Rs 20,000 crore to capitalise this institution and aims to have lending portfolio of at least Rs 5 lakh crore in three years, she said.
Exemption from filing tax for elderly
We shall reduce the compliance burden on our senior citizens who are 75 years of age & above - for senior citizens who only have pension & interest income, I propose exemption from filing their Income Tax return: FM Nirmala Sitharaman.
Anyone with a taxable income up to Rs 50 Lakhs and disputed income up to Rs 10 Lakhs eligible to approach committee: FM Nirmala Sitharaman
To further reduce litigation for small taxpayers I propose to constitute a dispute resolution committee which will be faceless to ensure efficiency, transparency. Anyone with a taxable income up to Rs 50 Lakhs & disputed income up to Rs 10 Lakhs eligible to approach committee: FM Nirmala Sitharaman
Nirmala Sitharaman Concludes Budget 2021 Speech in Lok Sabha
Finance Minister Nirmala Sitharaman concludes her Budget 2021 speech in the Lok Sabha.
Budget envisions self-reliance, will enhance India's self-confidence: PM Modi
Prime Minister Narendra Modi on Monday hailed the Union Budget 2021-22 and said it will enhance India's self-confidence amid the coronavirus pandemic while asserting that the budget envisions self-reliance.
"The Union Budget 2021-22 has been presented amid unprecedented circumstances.... Amid the situation created by COVID-19. Today's budget will enhance India's self-confidence and will instill self-confidence in the world. The budget has the vision of self-reliance and takes along every section of the society," PM Modi said after the Union Budget was tabled in the Parliament.
Fiscal deficit which started at 3.5% during Feb 2020 has increased to 9.5% of GDP, says Nirmala Sitharaman
FM Nirmala Sitharaman: Our fiscal deficit which started at 3.5 percent during February 2020 has increased to 9.5 percent of the GDP – so we have spent, we have spent and we have spent. At the same time, we have given a clear glide path for deficit management.
Budget comes at a time when all of us decided to give impetus to the economy: Nirmala Sitharaman
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 & give necessary demand push if we choose to spend big on infrastructure: Finance Minister Nirmala Sitharaman
There are two important features of this Budget: Finance Minister Nirmala Sitharaman
If there are two important features of this Budget, it is that we chose to spend big on infrastructure which spans across roads, power generation, bridges, ports & so on. As a second feature, I tend to the need of the healthcare sector and even there, capacities for better health management had to be brought in in light of what we had gone through last year: Finance Minister Nirmala Sitharaman
