Read more about Budget 2021: Nirmala Sitharaman replaces Swadeshi bahi khata with tablet on Business Standard. With the Union Budget 2021 set to be delivered in paperless form for the first time, Finance Minister Nirmala Sitharaman replaced the Swadeshi bahi khata and switched to a tablet
The government on Monday allocated a higher share of the budget to capital expenditure than it has for over a decade, aiming to help push investments amid a pandemic slowdown. Around 15.91 per cent of the budget is for capital expenditure: it was 13.55 per cent last year. The calculations are based on budget estimates. Capital expenditure refers to money spent on the creation of assets for future use like roads and buildings for health facilities. Revenue expenditure includes things like interest payments and salaries that the government pays on an ongoing basis. The share of the budget devoted to the creation of long-term assets or capital expenditure has been on the decline in recent years. It had touched 19.3 per cent in the budget estimates for the financial year 2004-05 (FY05). This declined to 12.15 per cent in FY20. This was the lowest in ten years. It was 12.11 per cent in FY10. The previous high before this year s number was 18.02 per cent in FY08.
Read more about FM Nirmala Sitharaman commences Budget presentation for 2021-22 on Business Standard. Finance Minister Nirmala Sitharaman commenced presentation of the Budget for 2021-22 in the Lok Sabha that is expected to provide relief to the pandemic-hit common man
Read more about Budget 2021 is fiscally stimulating, but more on expenditure side on Business Standard. Budget has delivered a fairly effective boost on capex while bringing about some reforms in the financial sector
Finance Minister Nirmala Sitharaman will be presenting the first Union Budget of the decade today. Earlier, she had promised a “never like before” Union Budget as the government looks to steer the pandemic-battered economy and push growth.
While investment in health, medical Research & Development (R&D) and developing greater skills to handle telemedicine is going to be critical, livelihood challenges would have to be seen with a newer perspective.
As we all know, Indian Budget is the largest budget in the world and it is prepared by the concerned department of economic affairs of the Ministry of Finance on an annual basis.