Tribune Web Desk
Chandigarh, February 1
Finance Minister Nirmala Sitharaman on Monday commenced presentation of the Budget for 2021-22 in the Lok Sabha that is expected to provide relief to the pandemic-hit common man as well as focus more on driving economic recovery through higher spending on healthcare, infrastructure and defence amid rising tensions with neighbours.
As India emerges from the COVID-19 crisis, the ninth budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
Also read: Budget 2021-22: Key numbers to be watched
Aatmanirbhar packages after Covid-19 cost Rs 27.1 lakh crore. It is 13 per cent of our GDP. The packages were like 5 mini budgets: FM
Aatmanirbhar package accelerated pace of structural reforms.
We have two Covid-19 vaccines, and two or more vaccines are expected soon.
Gratitude to frontline workers: FM
FM Sitharaman begins budget speech amid slogans from opposition parties
Union Cabinet approves Budget 2021-2022
-Support MSMEs, farmers and workers to generate employment.
-Increase Healthcare expenditure to save lives.
-Increase Defence expenditure to safeguard borders.
— Rahul Gandhi (@RahulGandhi) February 1, 2021
Sensex surges 400 points
Sensex surges 443 pts to 46,728.83 in opening trade ahead of Budget presentation; Nifty up 114.85 pts at 13,749.45.
Union Cabinet meet at 10.15 am to clear the Budget.
Also before the actual presentation, the Cabinet headed by Prime Minister Narendra Modi approved the Budget for the fiscal year 2021-22.–PTI
Finance Minister Nirmala Sitharaman has now arrived at Parliament.
Sitharaman meets President Ram Nath Kovind before presenting the budget
Finance Minister Nirmala Sitharaman on Monday called on President Ram Nath Kovind before presenting the Union Budget 2021-22.
As per established tradition, the Finance Minister met the President at the Rashtrapati Bhawan before heading to Parliament.–PTI
Finance Minister @nsitharaman, MoS Finance & Corporate Affairs @ianuragthakur, and senior officials of the Ministry of Finance, called on President Kovind at Rashtrapati Bhavan before presenting the Union Budget 2021-22. pic.twitter.com/FUNptDXnHB
— President of India (@rashtrapatibhvn) February 1, 2021
With the Union Budget 2021 set to be delivered in paperless form for the first time as Finance Minister Nirmala Sitharaman 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.–ANI
Finance Minister Nirmala Sitharaman left the Finance Ministry for Parliament to announce the 2021-22 Union Budget.