Updated Feb 01, 2021 | 11:56 IST
Finance Minister Nirmala Sitharaman said that the preparation of this Budget was undertaken in circumstances like never before. Union Finance Minister Nirmala Sitharaman. | Photo Credit: BCCL
New Delhi: While presenting the Budget for 2020-21 in the Lok Sabha on Monday (February 1), Finance Minister Nirmala Sitharaman said that the preparation of this Budget was undertaken in circumstances like never before, in view of calamities that have affected a country or a region within a country.
She further stated that the Centre stretched its resources for the benefit of the poorest of the poor, and the PM Garib Kalyan Yojana along with the three AatmaNirbhar Bharat (self-reliant India) packages and subsequent announcements were like five mini-budgets in themselves.
Delhi Deputy Chief Minister Manish Sisodia has expressed his displeasure over the Union Budget 2021-2022 presented on Monday by Union Finance Minister Nirmala Sitharaman. Sisodia stated that due to the Covid-19 pandemic that has exposed the poor public health care system of the country, it was expected the government would substantially increase the health care allocation in this year s Budget. He claimed that the Centre has reduced the health care budget instead. The Minister further slammed the BJP-led Central Government alleging that it has bypassed the education and health sectors in this year s budget. Covid-19 pandemic has led to a serious setback in our education system and therefore children should have provided additional allocation in education to take care of this loss. What we see is a reduction in the Ministry of Education budget by 6% (Rs 6000 Cr) - from Rs 99,312 Cr in BE 2020-21 to Rs 93,224 Cr in BE 2021-22, Sisodia claimed in a statement issued by his office.
Highlights
The government looks to spend Rs 1.97 lakh crore on various PLI schemes over the next 5 years, says FM Sitharaman.
A scheme of Mega Investments Textile Park will be launched in addition to the PLI Scheme which will create world-class infrastructure with plug and play facilities to enable global champions in exports, said Union Finance Minister Nirmala Sitharaman.
In November, the government announced a mega PLI scheme for 10 sectors, including advanced chemistry cell battery, electronic products, automobiles and auto components, pharma, telecom and networking products, textile, food products, white goods and speciality steel.
Finance minister Nirmala Sitharaman, while presenting the union budget on February 1, announced in her speech that the government looks to spend Rs 1.97 lakh crore on various Production Linked Incentive (PLI) schemes over the next 5 years which will be an addition to the Rs 40,951 crore announced for the PLI for electronic manufacturing scheme
Union Budget 2021: Odisha govt demands adequate fund allocation for state Post News Network
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Odisha Finance Minister Niranjan Pujari has of late participated in the pre-budget consultation meeting with Union Finance Minister Nirmala Sitharaman. Pujari has demanded that adequate budgetary provisions should be made for upgradation of railway stations, establishment of rail-based industries and multi-modal logistics & parks in the state.
The State government demanded Rs 72,000 crore for the development of railway infrastructures in Odisha and sanctioning of new railway lines here.
The government also demanded Rs 5,600 crore to strengthen the telecom sector. Branches of different banks should be opened in panchayat level to enhance the financial inclusion of rural people.