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Updated Dec 19, 2020 | 15:29 IST
Speaking about Union Budget 2021-22 set to be presented in the Parliament on February 1, 2020, FM Sitharaman said 100 years of India wouldn t have seen a Budget being made post-pandemic like this” Finance Minister Nirmala Sitharaman (Source: @nsitharaman) | Photo Credit: Twitter
New Delhi: Union Finance Minister Nirmala Sitharaman on Friday said the forthcoming Budget for the financial year 2021-22 (FY22) will be like no other in the past and will help India emerge as the engine for global growth.
She added that the government is seeking growth-inducing big ideas and inputs derived from introspection by industry, which would be used for formulating the budget as never before .
Ahead of the Budget, Union Finance Minister Nirmala Sitharaman on Friday said investment in research and development in medicine, biotechnology, and pharmaceuticals were the need of the hour. She also said India was fortunate to have the capacity to produce vaccines for Covid-19 for Indians and people of other countries. “We will have to focus that India leverages its strength in this (health R& D) area, and so we will have to look at both public-private partnership and also investments in research for medicine,” Sitharaman said at an interaction organised by the Confederation of Indian Industry. As health takes “top-notch” priority, health care and investment in it would be critical, not just to keep lives safe but also to make health and health-related expenditure more predictable for people so that they did not have to spend and some kind of provision was made for them, she said.