Budget 2021 LIVE: Big announcements! LIC IPO, Income Tax, manufacturing, textile, railways and more - All details here
Budget 2021-22 LIVE Updates: Finance Minister Nirmala Sitharaman has promised a never before like Union Budget 2021 as the Modi government looks to give a further boost to the Indian economy.
Budget 2021 speech, presentation LIVE UPDATES: Finally, the long wait is over and the much-awaited Budget 2021 is here. Union Finance Minister Nirmala Sitharaman is delivering the Budget speech and tabling the Union Budget 2021-22 in Parliament. Finance Minister Nirmala Sitharaman has promised a never before like Union Budget as the Modi government looks to give a further boost to the Indian economy. Decoding the Budget for the common man will be Zee Business Managing Editor Anil Singhvi and his panel of experts. You can catch all the action on Live TV here (https://www.zeebiz.com/live-tv). Here are all the LIVE and LATEST NEWS UPDATES on Budget 2021 presentation, speech, details and key announcements:-
Latest Updates
Permanent institutional framework to set up, to instill confidence in corporate bond market participants during times of stress and enhance secondary market liquidity: FM
For investor protection, Investor Charter as a right of all financial investors across all financial products to be introduced: FM
Additional capital infusion of ₹ 1000 crore to Solar Energy Corporation of India and ₹ 1500 crore to IREDA, to give further boost to green energy sector: FM
Insurance Act 1938 to be amended, to increase permissible FDI limit in insurance companies from 49% to 74% and allow foreign ownership and control with safeguards: FM
Asset Reconstruction Company Ltd. to be set up to consolidate and take over existing stressed debts and manage and dispose of assets for eventual value realization: FM
Deposit Insurance Cover for bank customers to be increased from Rs 1 lakh to Rs 5 lakh, provision to be streamlined to enable depositors get access to funds within insurance cover limit: FM
Commenting on the Budget 2021, Zee Business Managing Editor Anil Singhvi said that Income Tax appellate tribunal faceless assessments is a big thing. Further, Anil Singhvi said that stock markets' movements are showing that this is a good budget. WATCH:-
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
Fiscal deficit in 2020-21 pegged at 9.5% of GDP. We would need another Rs 80,000 crores for which we would be approaching the market in these two months: FM Nirmala Sitharaman
The fiscal deficit in 2021-22 is estimated to be 6.8% of the GDP: Finance Minister Nirmala Sitharaman
I propose to reduce the time limit for reopening of assessments (tax assessments) to 3 years from the present 6 years: FM Nirmala Sitharaman
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.
100 new Sainik schools will be set up in partnership with NGOs, private schools, and states. We would be introducing the legislation this year to implement the setting-up of Higher Education Commission of India: FM Nirmala Sitharaman.
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: 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: FM Nirmala Sithraman.
We have launched one nation, one ration card scheme through which beneficiaries can claim their rations anywhere in the country. Migrant workers in particular benefit from scheme. One nation, One ration card plan is under implementation by 32 states & UTs: FM Nirmala Sithraman.
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.
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.
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.
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
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
Procurement has also continued to increase at a steady pace. This has resulted in increase in payment to farmers substantially. In case of wheat, total payment paid to farmers in 2013-14 was Rs Rs 33,874 cr. In 2019-20 it was Rs 62,802 cr. In 2020-21, it was Rs 75,060 crores: FM
Govt proposes to introduce National Nursing and Midwifery Commission Bill: FM
Govt proposes setting up of conciliatory mechanism for quick resolution of contractual disputes: FM
For 2021-22 I propose a sharp increase in capital expenditure and thus have provided Rs 5.54 lakh crores, 34.5% more than BE 2020-21. We will provide over Rs 2 lakh crores to states and autonomous bodies for their capital expenditure: FM
Framework to be put in place, to provide consumers alternatives to choose from, from among more than one power distribution company: FM
High density rail networks and highly utilized rail routes to be provided with indigenously developed automatic train protection system which will eliminate train collision due to human error: FM
Record sum of ₹ 1,10,055 crore to be provided for Indian Railways, out of which ₹ 1,07,100 is for capital expenditure only: FM
New scheme at a cost of ₹ 18,000 crore for augmentation of public bus transport services. Will facilitate deployment of innovative PPP models enabling private players to finance, acquire, operate and maintain over 20,000 buses: FM
Western Dedicated Freight Corridor and Eastern Dedicated Freight Corridor to be commissioned by June 2022. Various additional initiatives too being proposed: FM
Enhanced outlay of ₹ 1,18,101 crore for MORTH, out of which ₹ 1.08 lakh crore is for capital, the highest ever provided: FM
Western Dedicated Freight Corridor and Eastern Dedicated Freight Corridor to be commissioned by June 2022. Various additional initiatives too being proposed: FM
A National Monetisation Pipeline of potential brown-field infrastructure assets will be launched; An Asset Monetisation Dashboard will be created for tracking progress and provide visibility to investors: FM
100% electrification of rail broad gauge routes to be completed by December 2023: FM
By March 2022, another 8,500 km of road projects to be awarded, additional 11,000 km of NH corridors to be completed, under Bharat Mala Pariyojna project: FM
Rs 40,000 crore for programmes, projects and departments which show good progress in capital expenditure and which may be in need of further funds. More than ₹ 2 lakh crore for states and autonomous bodies for capex: FM
Scheme of Mega Investment Textile Parks to be launched, in addition to PLI scheme, to create world class infra in textile sector, with plug-and-play facilities, to create global export champions. 7 textile parks to be set up over 3 years: FM
Professionally managed Development Financial Institution to be set up, to provide, enable & catalyze infra financing. Rs 20,000 crore to capitalize this institution. Aim is to have lending portfolio of at least Rs 5 lakh crore in 3 years: FM
National Monetization Pipeline of potential brownfield infrastructure assets to be launched, for monetizing operating public infra assets. Asset Monetization Dashboard to track progress and provide visibility to investors: FM
Five operational roads being transferred to NHAI. ₹7,000 crore assets to be transferred to PGCIL. Railways to monetize dedicated freight corridor assets for O&M, after commissioning. Next lot of airports to be monetized for ops & mgmt. concessions: FM
Sharp increase of 34.5% in capital expenditure as compared to previous budget estimates - resulting in allocation of ₹ 5.54 lakh crore. Echoing the govt.'s effort to spend more on capital expenditure, despite resource crunch: FM
I propose to take concrete steps to increase funding for National Infrastructure Pipeline
1. By creating institutional structures
2. By monetising assets
3. By enhancing share of capital expenditure in Central and State Budgets: FMIn 2021-22 we would also bring the IPO of LIC for which I am bringing the requisite amendments in this session itself: Finance Minister Nirmala 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.
Sensex rises near 900 points, NSE Nifty near 13,900 levels
The stock market is continuously cheering the big infrasructure projects, disinvestment and other investment related initiatives by FM Nirmala Sitharaman. The BSE Sensex shot up around 902 and hit 47,188 levels while the NSE Nifty hit 13,866 logging 251 points intraday gain.
Safety measures undertaken in past years have borne results. To further strengthen, high-density network &highly utilised network routes of Railways will be provided with indigenously developed automatic train protection system that eliminates train collision due to human error: FM
Indian Railways has prepared a National Rail Plan for India 2030. The plan is to create a future-ready railways system by 2030 - bringing down logistic cost for industry is at the core of a strategy to enable Make in India: Finance Minister Nirmala Sitharaman
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
"The pneumococcal vaccine, limited to only 5 states at present, to be rolled out across the country. Will avert more than 50,000 child deaths annually," informs Finance Minister
Rs 1.97 lakh crore over 5 years starting this FY, for Production Linked Incentive Schemes to create manufacturing global champions for an Aatma Nirbhar Bharat. Will nurture size and scale and create jobs for youth: FM
Voluntary vehicle scrapping policy to phase out old and unfit vehicles. Vehicles to undergo fitness test in automated fitness centres after 20 years (personal vehicles) and 15 years (commercial vehicles): FM
"The pneumococcal vaccine, limited to only 5 states at present, to be rolled out across the country. Will avert more than 50,000 child deaths annually," informs Finance Minister
Outlay for health increased to ₹ 2,23,846 crore, an increase of 137% relative to previous year's budget: FM
For 2021-22, I propose a sharp increase in Capital Expenditure & thus have provided Rs 5.54 lakh crores which is 34.5% more than the BE 2020-21: FM Nirmala Sitharaman
Over 13,000 km length of roads at a cost of Rs 3.3 lakh cr has already been awarded under Rs 5.35 lakh cr Bharatmala project of which 3,800 kms have been constructed. By March 2022 we'd be awarding another 8,500 & complete an additional 11,000 kms of National Highway Corridor: FM
I have provided Rs 35,000 crores for COVID19 vaccine in this year 2021-22. I am committed to provide further funds if required: Finance Minister Nirmala Sitharaman.
Supplementary Nutrition Programme & POSHAN Abhiyaan to be merged, Mission POSHAN 2.0 to be launched. To strengthen nutritional content, delivery & outcome. Intensified strategy for improving nutritional outcomes in aspirational districts: FM
Urban Swachh Bharat Mission 2.0 with outlay of ₹ 1,41,678 crore over 5 years from 2021. Focused on complete fecal sludge management, waste water treatment, source segregation, management of waste from urban construction, bioremediation of legacy dump sites: FM
FM announces, "Jal Jeevan Mission Urban to be launched, outlay ₹ 2.87 lakh crore over 5 years. Aimed at universal water supply in all 4,378 urban local bodies, with 2.86 crore household tap connections and liquid waste management in 500 AMRUT cities."
Proposals in Part A will strengthen the Sankalp of NATION FIRST
1. Doubling farmers' income
2. Strong Infrastructure
3. Healthy India
4. Good Governance
5. Opportunities for Youth
6. Education for All
7. Women Empowerment, and
8. Inclusive Development et. al.: FMFM says, "Main interventions under PM Aatmanirbhar Swasth Bharat Yojana include:
Support for Health and Wellness Centres
Setting up Integrated Public Health labs in all districts
Critical care hospital blocks
Strengthening of NCDC."
New Centrally Sponsored Scheme PM Aatmanirbhar Swasth Bharat Yojana to be launched, outlay of ₹ 64,180 crore over 6 years. To develop capacities of health care systems, develop institutions for detection & cure of new and emerging diseases: FM
India now has one of the lowest COVID 19 death rates of 112 per million population and one of the lowest active cases of about 130 per million. This has laid the foundation for the economic revival we see today: Finance Minister Nirmala Sitharaman in Parliament
Investment on health infra in #Budget2021 has increased substantially: FM
Three areas - Preventive health, curative health and well-being - to be strengthened: FM
Budget2021 proposals rest on six pillars: FM
1 Health and Well-Being
2 Physical and Financial capital and infrastructure
3 Inclusive Development for Aspirational India
4 Reinvigorating Human Capital
5 Innovation and R&D
6 Minimum Govt., Maximum Governance
In Part A of Budget 2021, Finance Minister lays out a vision for Aatmanirbhar Bharat. To strengthen the vision of Nation First, doubling farmers' income, strong infra, women's empowerment, healthy India, good governance, education for all, inclusive development: FM
Only three times has the Budget followed a contraction in the economy. This time, unlike before, the situation is due to a global pandemic. Budget 2021 provides every opportunity for economy to capture pace and grow sustainably: FM
India now has one of the lowest COVID 19 death rates of 112 per million population and one of the lowest active cases of about 130 per million. This has laid the foundation for the economic revival we see today: FM
"Faith is the bird that feels the light and sings when the dawn is still dark" - FM quotes Rabindranath Tagore, adding that this moment in history is the dawn of a new era, where India is well-poised to be the land of promise and hope"
Today India has 2 vaccines available and has begun safeguarding not only her own citizens against COVID19 but also those of 100 or more countries. It has added comfort to know that 2 ore more vaccines are also expected soon: FM 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: FM Nirmala Sitharaman
The total financial impact of all AatmaNirbhar Bharat packages, including measures taken by RBI, was about ₹ 27.1 lakh crore, more than 13% of GDP: Finance Minister Nirmala Sitharamam
The Govt. stretched its resources for the benefit of the poorest of the poor. The PM Garib Kalyan Yojana, the three Aatma Nirbhar Bharat packages and subsequent announcements were like five mini-budgets in themselves: Finance Minister Nirmala Sitharamam
Finance Minister begins Budget 2021 speech by recounting the unprecedented circumstances through which the nation and the world had to go through and recognizing the service rendered by COVID Warriors during the crucial months of the pandemic.
Budget 2021 LIVE NOW: FM Nirmala Sitharaman is delivering Budget 2021 speech now.
WATCH Budget 2021 Mega coverage on Zee Business LIVE TV
Budget 2021 Mega coverage on Zee Business LIVE TV
Union Finance Minister Nirmala Sitharaman calls on President Ram Nath Kovind at Rashtrapati Bhavan, before the presentation of Union Budget 2021-22 in the Parliament today.
PM Narendra Modi arrives at Parliament ahead of Union Budget 2021-22 presentation.
Budget 2021: Finance Minister Nirmala Sitharaman and MoS Finance & Corporate Affairs Anurag Thakur arrive at the Parliament.
Union Finance Minister Nirmala Sitharaman replaces 'bahi khata' with tablet as Union Budget goes digital.
This is the first time since the presentation of independent India's first budget on November 26, 1947, that the documents containing income and expenditure statement of the Union government along with the finance bill, detailing new taxes and other measures for the new financial year, will not be physically printed.
Budget 2021: Finance Minister Nirmala Sitharaman will present and read out the Union Budget 2021-22 at the Parliament through a tab, instead of the traditional 'bahi khata'. Unlike the past, the voluminous budget documents will not be printed this year following the COVID-19 protocol and will instead be distributed electronically to the Members of Parliament (MPs).
BUDGET 2021 MEGA COVERAGE: WATCH Zee Business LIVE TV here:-
Finance Minister Nirmala Sitharaman arrives at the Ministry of Finance. She will present the Union Budget 2021-22 in the Parliament today.
Union Finance Minister Nirmala Sitharaman reaches Parliament ahead of Budget 2021 presentation.
BUDGET 2021 MEGA COVERAGE: WATCH Zee Business LIVE TV here:-
This will be the first time since independence that physical copies of Budget documents will not be shared with MPs to avoid the risk of COVID-19 infection.
The Budget documents will be available on the Mobile App after the completion of the Budget Speech by the Finance Minister Nirmala Sitharaman in Parliament.
Ahead of the Budget, FM Sitharaman had tabled the Economic Survey tabled in Parliament on Friday. The Indian economy can contract by 7.7 per cent in the current financial year ending on March 31 and the growth could be 11 per cent in the next financial year, according to the survey.
"Union Budget Mobile 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.
Finance Minister had launched the "Union Budget Mobile App" for hassle-free access of Budget documents by Members of Parliament (MPs) and the general public using the simplest form of digital convenience, according to the Finance Ministry.
This year, the Union Budget will be delivered in paperless form for the first time.
Budget 2021 speech, presentation LIVE UPDATES: Usually, the duration of the Budget presentation ranges from 90 to 120 minutes.
Budget 2021 speech, presentation LIVE UPDATES: The Union Cabinet will hold a meeting at 10:15 am before the presentation.
Budget 2021 speech, presentation LIVE UPDATES: 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.
Budget 2021 speech, presentation LIVE UPDATES: 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.
Budget 2021 speech, presentation LIVE UPDATES: The Budget presentation will begin with a speech from Finance Minister scheduled to take place at around 11 am.
BUDGET 2021: WATCH Zee Business LIVE TV here:-
Budget 2021 speech, presentation LIVE UPDATES: 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.
Budget 2021 speech, presentation LIVE UPDATES: "In an unprecedented initiative, Union Budget 2021-22 will be delivered in paperless form for the first time. The Union Budget 2021-22 is to be presented on February 1, 2021," the Finance Ministry had said in a statement.
Budget 2021 speech, presentation LIVE UPDATES: This will be the first time since the presentation of independent India's first budget on November 26, 1947, that the documents containing income and expenditure statement of the Union government along with the finance bill, detailing new taxes and other measures for the new financial year, will not be physically printed.
Budget 2021 speech, presentation LIVE UPDATES: Unlike the past, the voluminous budget documents will not be printed this year following the COVID-19 protocol and will instead be distributed electronically to the Members of Parliament (MPs). Previously, the halwa ceremony marked the launch of printing exercise for the budget.
Earlier, Finance Minister Nirmala Sitharaman, Minister of State for Finance Anurag Thakur and senior officials of the finance ministry had participated in the symbolic 'Halwa Ceremony' that marks the beginning of compilation of budget documents.
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