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Full text: FM Nirmala Sitharaman unveils Union Budget 2021; doubles healthcare spending, lifts caps on FDI

Hon’ble Speaker, I present the Budget for the year 2021-2022. 1. Honourable Speaker, the preparation of this Budget was undertaken in circumstances like never before. We knew of calamities that have affected a country or a region within a country, but what we have endured with COVID-19 through 2020 is sui generis. 2. When I presented the Budget 2020-21, we could not have imagined that the global economy, already in throes of a slowdown, would be pushed into an unprecedented contraction. 3. We could not have also imagined then that our people as those in other countries would have to endure the loss of near and dear ones and suffer hardships brought about due to a health crisis.

Union Budget: Duty on nylon raw material reduced to 5%

Union Budget 2021-22 Summary: Here s the complete overview of Budget

Health and Wellbeing There is substantial increase in investment in Health Infrastructure and the Budget outlay for Health and Wellbeing is Rs 2,23,846 crore in BE 2021-22 as against this year’s BE of Rs 94,452 crore, an increase of 137 percentage. The Finance Minister announced that a new centrally sponsored scheme, PM AatmaNirbhar Swasth Bharat Yojana, will be launched with an outlay of about Rs 64, 180 crore over 6 years. This will develop capacities of primary, secondary, and tertiary care Health Systems, strengthen existing national institutions, and create new institutions, to cater to detection and cure of new and emerging diseases. This will be in addition to the National Health Mission. 

Budget 2022: Key Highlights

1. Health and Wellbeing 3. Inclusive Development for Aspirational India 4. Reinvigorating Human Capital  6. Minimum Government and Maximum Governance   1. Health and Wellbeing There is substantial increase in investment in Health Infrastructure and the Budget outlay for Health and Wellbeing is Rs2,23,846 crore in BE 2021-22 as against this year’s BE of Rs94,452 crore, an increase of 137 percentage.   The Finance Minister announced that a new centrally sponsored scheme, PM AatmaNirbhar Swasth Bharat Yojana, will be launched with an outlay of about Rs 64, 180 crore over 6 years. This will develop capacities of primary, secondary, and tertiary care Health Systems, strengthen existing national institutions, and create new institutions, to cater to detection and cure of new and emerging diseases. This will be in addition to the National Health Mission.

Union Budget 2021: Here is Full Text of Nirmala Sitharaman s Address at the Parliament

Union Budget 2021: Here is Full Text of Nirmala Sitharaman s Address at the Parliament FOLLOW US ON: Introduction Honourable Speaker, the preparation of this Budget was undertaken in circumstances like never before. We knew of calamities that have affected a country or a region within a country, but what we have endured with COVID-19 through 2020 is sui generis. RELATED NEWS When I presented the Budget 2020-21, we could not have imagined that the global economy, already in throes of a slowdown, would be pushed into an unprecedented contraction. We could not have also imagined then that our people as those in other countries would have to endure the loss of near and dear ones and suffer hardships brought about due to a health crisis.

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