Read more about Budget 2021: Govt pegs FY21 fiscal deficit at 9.5% of GDP, says FM on Business Standard. Finance Minister Nirmala Sitharaman said on Monday the fiscal deficit for FY21 has been pegged at 9.5 per cent of the GDP and will come down to 6.8 per cent in FY22
She was accompanied by her deputy Anurag Thakur and other officials of the Finance Ministry. Finance Minister Nirmala Sitharaman, MoS Finance & Corporate Affairs Anurag Thakur, and senior officials of the Ministry of Finance, called on President Kovind at Rashtrapati Bhavan before presenting the Union Budget 2021-22, the President tweeted. With the Union Budget 2021-22 set to be delivered in paperless form for the first time, Sitharaman replaced the Swadeshi bahi khata and switched to a tablet. Dressed in a red and cream colour saree, accompanied by Thakur and other officials from her ministry at North Block, the Finance Minister was seen carrying a tablet kept inside a red coloured cover with a golden coloured national emblem embossed on it.
Read more about Budget 2021 unveils scheme for setting up mega textile parks in India on Business Standard. The government on Monday unveiled a scheme for setting up mega textile parks in the country, as part of the Centre s efforts to position India as a fully integrated, globally competitive manufacturing and exporting hub for the sector.Finance
Ahead of the Union Budget 2021, a hawan was conducted in Uttar Pradesh s Kanpur on Monday marking the massive expectations from it. Prayers were performed by the people with posters of Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman and Uttar Pradesh Chief Minister Yogi Adtiyanath. Locals appealed to PM Modi to give relief to the general public from inflation and expected the budget to be in the public interest while conducting the hawan . Meanwhile, the Budget presentation will begin with a speech from Finance Minister scheduled to take place at around 11 am. The duration of the budget speech usually ranges from 90 to 120 minutes.