February 02, 2021 / 10:52 PM IST
Union Budget 2021 Highlights | Committees on DTC were constituted in a certain context and with a certain intent in mind: CBDT chief
Union Budget 2021 LIVE: Union Finance Minister Nirmala Sitharaman on February 1 presented the Union Budget 2021 and revised the expenditure target for FY 2021 at Rs 34.50 lakh crore. She allocated Rs Rs 2,23,846 crore for health, Rs 1.18 lakh crore for road infra, Rs 1,10,055 crore for Railways, Outlay over Rs 3 lakh crore for power and set the divestment target for FY22 at Rs 1.75 lakh crore, among other things.
Budget 2021 LIVE Updates: Finance Minister Nirmala Sitharaman presented Union Budget 2021-22 on February 01. She used a tablet computer to deliver the paperless Budget address. This Budget assumes great significance as it comes amid the novel coronavirus pandemic, which has led to massive economic disruption
Talking about the first pillar, health and well-being, Finance Minister Nirmala Sitharaman said the investment on health infrastructure in the Union Budget 2021-22 has been increased substantially.
Did you know that the finance minister's Budget speech has no legal sanctity in India? Yes, there is no provision for the Budget speech under the Constitution of India or any law. It is in addition to what is provided under various laws. Technically, once the FM has presented the three key documents, the Budget exercise is over, says our in-house policy expert A K Bhattacharya, as he explains the important areas that we should focus on while listening to the finance minister's speech. Given that Finance Minister Nirmala Sitharaman has already said that this will be extraordinary Budget to deal with the extraordinary circumstances, all eyes will be on how she allocates the resources to the most pressing needs of the present time.