Budget 2021: Finance Minister allots Rs 1.10 lakh crore to Indian Railways
The Railways will also monetise dedicated freight corridor assets for operations and maintenance, after commissioning.
BusinessToday.In | February 1, 2021 | Updated 14:04 IST
Indian Railways has prepared a National Rail Plan for India - 2030 to create a future ready Railway system.
Finance Minister Nirmala Sitharaman has alloted Rs 1,10,055 crore to Indian Railways in the Union Budget 2021-22. Of this, Rs 1,07,100 crore is for capital expenditure in 2021-22.
She said Indian Railways has prepared a National Rail Plan for India - 2030. The plan is to create a future ready Railway system by 2030. Bringing down the logistic costs for our industry is at the core of our strategy to enable Make in India . It is expected that Western Dedicated Freight Corridor (DFC) and Eastern DFC will be commissioned by June 2022, the finance minister said.
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.
Highlights
Budget went paperless this time.
Budget session will be held in two phases Jan 29 to Feb 15 and March 8 to April 8.
New Delhi: Finance Minister Nirmala Sitharaman presented the much awaited Union Budget 2021 with a major focus more on driving the economic recovery through higher spending on healthcare and infrastructure.
As India is emerging from the COVID-19 crisis, the ninth budget under the Modi government (including an interim one), the Finance Minister s prime target is to boos spending on job creation and rural development, generous allocations for development schemes and easing rules to attract foreign investments.
Laying a vision for AatmaNirbhar Bharat in the Union Budget 2021, she said this is an expression of 130 crore Indians who have full confidence in their capabilities and skills. She said that Budget proposals will further strengthen the Sankalp of Nation First, Doubling Farmer’s Income, Strong Infrastructure, Healthy India, Good Governance, Opportu
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
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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.