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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...

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, presenting the Union Budget 2021-22 in Parliament on Monday announced that the government will amend the Insurance Act, 1938 to increase the permissible FDI limit from 49% to 74% and allow foreign ownership and control with safeguards, Under the proposed new structure, the majority of Directors on the Board and key management persons would be resident Indians, with at least 50% of Directors being Independent Directors, a...

Explore Now All three markets – equity, currency and bonds – have given one of the highest post-Budget thumbs up. While this was primarily because of the many changes proposed going forward, it is also because of a host of changes which did not find place in the Budget and would have been dampeners. It is indeed a carefully thought through and meticulous Budget, envisioning solutions for a number of major issues. It is also aggressive in its approach of funding through one of the highest fiscal deficits and non-tax revenues rather than through increased taxes. The government has followed ...