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Budget 2021 Updates: Union Budget focuses on healthcare, farm sector and infra

All eyes are fixed on Finance Minister Nirmala Sitharaman as she is set to present Union Budget 2021-22 in Parliament on Monday, at a time when India is recovering from the COVID-19 crisis. The Budget presentation will begin with a speech from Finance Minister scheduled to take place at around 11 am.

FPJ Web DeskUpdated: Monday, February 01, 2021, 07:00 PM IST
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01 February 2021 07:43 AM IST

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.

01 February 2021 10:55 AM IST

Anurag Thakur offers prayers at his residence ahead of the Budget presentation

01 February 2021 10:55 AM IST

Budget will be in accordance with people's expectations: Anurag Thakur

01 February 2021 10:55 AM IST

Anurag Thakur arrives at the Ministry of Finance

01 February 2021 10:55 AM IST

Finance Minister Nirmala Sitharaman arrives at the Ministry of Finance

01 February 2021 10:55 AM IST

Nirmala Sitharaman and Anurag Thakur leave from Ministry of Finance

01 February 2021 10:55 AM IST

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.

01 February 2021 10:55 AM IST

Nirmala Sitharaman, Anurag Thakur arrive at Parliament

01 February 2021 10:55 AM IST

Union Home Minister Amit Shah and Union Health Minister Dr Harsh Vardhan arrive at the Parliament

01 February 2021 10:55 AM IST

Union Cabinet meeting begins ahead of presentation Budget

01 February 2021 10:55 AM IST

BJP MP Hema Malini arrives at Parliament

01 February 2021 10:55 AM IST

Lok Sabha Speaker Om Birla arrives at Parliament

01 February 2021 10:55 AM IST

Union Cabinet approves Budget

Union Cabinet approves the Union Budget 2021-22 that will be presented by Finance Minister Nirmala Sitharaman in the Parliament.

01 February 2021 10:55 AM IST

Jasbir Singh Gill and Gurjeet Singh Aujla wear black to Parliament, as a mark of their protest against farm laws

01 February 2021 11:08 AM IST

FM Nirmala Sitharaman presents Union Budget 2021-22

01 February 2021 11:17 AM IST

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.

01 February 2021 11:17 AM IST

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.

01 February 2021 11:17 AM IST

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

01 February 2021 11:33 AM IST

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

01 February 2021 11:33 AM IST

Government stretched its resources for the benefit of the poorest of the poor: FM Nirmala Sitharaman

01 February 2021 11:33 AM IST

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.

01 February 2021 11:33 AM IST

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

01 February 2021 12:59 PM IST

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.

01 February 2021 12:59 PM IST

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

01 February 2021 12:59 PM IST

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.

01 February 2021 12:59 PM IST

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.

01 February 2021 12:59 PM IST

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

01 February 2021 12:59 PM IST

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

01 February 2021 12:59 PM IST

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

01 February 2021 12:59 PM IST

₹ 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

01 February 2021 12:59 PM IST

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

01 February 2021 12:59 PM IST

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

01 February 2021 12:59 PM IST

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

01 February 2021 12:59 PM IST

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."

01 February 2021 12:59 PM IST

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

01 February 2021 12:59 PM IST

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

01 February 2021 12:59 PM IST

Central University in Leh, says FM Nirmala Sitharaman

Central university to be set up in Leh, announced Finance Minister Nirmala Sitharaman.

01 February 2021 12:59 PM IST

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.

01 February 2021 12:59 PM IST

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

01 February 2021 12:59 PM IST

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.

01 February 2021 12:59 PM IST

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.

01 February 2021 12:59 PM IST

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.

01 February 2021 12:59 PM IST

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.

01 February 2021 12:59 PM IST

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

01 February 2021 07:00 PM IST

Nirmala Sitharaman Concludes Budget 2021 Speech in Lok Sabha

Finance Minister Nirmala Sitharaman concludes her Budget 2021 speech in the Lok Sabha.

01 February 2021 07:00 PM IST

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.

01 February 2021 07:00 PM IST

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.

01 February 2021 07:00 PM IST

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

01 February 2021 07:00 PM IST

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

01 February 2021 07:00 PM IST

We welcome the Finance Minister's emphasis on healthcare spending: Adar Poonawalla

01 February 2021 07:00 PM IST

Union Budget provides much-needed fillip to health, sanitation, nutrition & pollution control: PHFI chief K Srinath Reddy

01 February 2021 07:00 PM IST

Budget 2021 has been presented in an unprecedented situation: BJP president Jagat Prakash Nadda

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