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February 1, 2021, 4:28 PM UPDATED: February 1, 2021, 4:28 PM
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The union government on Monday announced the maiden gas pipeline project to be taken up in the union territory of Jammu and Kashmir.
The mega project will be part of the union government’s plan to add 100 more districts of the country in next three years to the City Gas Distribution Network, Finance Minister, Nirmala Sitharaman while presenting the Union Budget-2021 in the parliament, said.
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Ramanuj Kumar | February 2, 2021 | Updated 11:25 IST
Capex allocation for infrastructure is increased by 34.5% over the revised budget estimates (RE) for FY21
Even in an ordinary year, presenting a Union Budget that meets the expectations of experts, investors and common man and stimulates investment and employment generation is a hard feat to achieve.
The Union Finance Minister Nirmala Sitharaman s task in the current year to present the budget for FY22 was made incredibly tough by the COVID-19 pandemic which has caused a massive shortfall in revenue collection and deserved demand for increased allocation for healthcare, informal sector, MSME sector and a multitude of others.
1. 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. The main interventions under the scheme are:
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.