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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.

The Finance Minister said the warehousing development and regulatory authority will be strengthened to set up a commodity market ecosystem arrangement including vaulting, assaying and logistics.

Stating that fighting the COVID-19 pandemic remains the Centre’s biggest priority, Finance Minister Nirmala Sitharaman proposed to set aside Rs 2.46 lakh crore for healthcare, with Rs 35,000 crore earmarked for the coronavirus vaccine programme.

Budget 2021 | Fitness testing, certification of old vehicles should take place at earlier intervals: SIAM The industry body also raised concerns over the increase in customs duty on certain imported vehicle components, saying it could lead to increase in production cost of automobiles. PTI Representative image (PC- MoneyControl.Com) With the government proposing a voluntary scrappage policy in the Budget under which vehicles would undergo fitness tes...

Budget 2021 | Nirmala Sitharaman has managed to surpass sky-high expectations Budget 2021 has done enough to pull the economy out of the impact of COVID-19 and improve India’s medium-term growth prospects Sameer Narang Representative image (PC- MoneyControl.Com) Never have expectations been so high with the Union Budget. To give credit, Finance Minister Nirmala Sitharaman has managed to surpass sky-high expectations. Capital spending has been revve...

For FY21, the revised fiscal deficit estimate now stands at 9.5 percent of the GDP, from a budgeted estimate of 3.5 percent.

Union Budget 2021: Healthcare stocks like Fortis, Apollo Hospital, SRL Logistics in focus on introduction of Aatmanirbhar Health Yojana The healthcare sector was among the biggest gainers in the last 10 months given the opportunities made available in the light of the pandemic. The BSE Healthcare index rallied 87 percent from March 23s closing low. Representative image (PC- MoneyControl.Com) In the aftermath on COVID-19, Finance Minister Nirmala Sitharamans Budget speech focussed on allocation ...

Budget 2021 | Feel-good factor that would nudge consumption is missing The Budget does not have any big-bang announcements and the message that goes out is that one should be conservative in spending in the immediate future as well. Nissy Solomon Representative image (PC- MoneyControl.Com) Tabled in the backdrop of a crisis-struck economy, the Union Budget 2021-22 attempted to nurse the economy back to health. Faced with subdued consumer demand, le...

Budget 2021 has its head and heart in the right place Budget 2021 has the distinction of being largely an out and out infra-focussed budget, which is quite a departure in tone as compared to the oft-cited ‘consumption’ orientation  Sachchidanand Shukla Representative image (PC- MoneyControl.Com) Budget 2021 has got its head and heart in the right place. Given the aftermath of the pandemic, it was imperative that the government does not shy away ...

Sitharaman further said 1,000 more mandis will be integrated with the electronic national market and the agriculture infrastructure fund would be made available to APMCs to augment infrastructure facilities.