In a meeting with Sonia Gandhi on Wednesday, Punjab Congress MPs listed a number of reasons they believe might have led to the party's humiliating defeat in Punjab.
Budget 2021 news updates: Nirmala Sitharaman delivers budget speech at parliament.
New Delhi:
Finance Minister Nirmala Sitharaman addressed parliament today with details of the Union Budget 2021, the first after a difficult year for the economy due to the COVID-19 pandemic. She announced foreign direct investment (FDI) hike in insurance to 74 per cent from 49 per cent with foreign control under safeguards. The Finance Minister has set a target of Rs 16.5 lakh crore as agricultural credit. Her budget speech comes after a difficult year for the economy due to the COVID-19 pandemic, which shut down businesses for months, leading to lost earnings, curtailed consumer spending and job cuts. The total impact of Atmanirbhar Bharat and measures by RBI was Rs 27.1 lakh crore, which amounts to 30 per cent of GDP, Ms Sitharaman said. 2021 is a year of many milestones, she said.
Budget 2021 | Thumbs down from Opposition; calls Union Budget visionless
Many opposition members raised slogans over the farmers protest as soon as Sitharaman began her speech. Congress MPs Jasbir Singh Gill and Gurjeet Singh Aujla were seen wearing a black gown to the Parliament as a mark of protest against the three contentious farm laws February 01, 2021 / 03:20 PM IST
FY21 fiscal deficit pegged at 9.5% of GDP. Further, the FY22 fiscal deficit has been pegged at 6.8% of GDP. Gross market borrowing target is at Rs 12 lakh crore for FY22. We will approach the market for additional Rs 80,000 crore to fund FY21 fiscal deficit. We hope to get back on the fiscal consolidation path by FY26.
Opposition MPs raise slogans as Sitharaman begins Budget speech
Opposition MPs raise slogans as Sitharaman begins Budget speech
In the initial few seconds of her speech, Sitharaman was barely audible as sloganeering by Opposition MPs drowned her voice.
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UPDATED: February 1, 2021 12:01 IST
In the initial few seconds of her speech, Sitharaman, presenting her third Union Budget, was barely audible (Screengrab)
Some Opposition MPs raised slogans over the farmers protest as soon as Finance Minister Nirmala Sitharaman began the reading of Budget 2021. In the initial few seconds of her speech, Sitharaman, presenting her third Union Budget, was barely audible as sloganeering by Opposition MPs drowned her voice.