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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 t...

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 wi...

The big surprise in the Union Budget is the government’s willingness to gamble on the budget deficit. Not since Pranab Mukherjee’s 2009 budget, have we seen such an aggressive budget. The difference, however, is that whilst Mr. Mukherjee ramped up the UPA government's revenue expenditure (especially on NREGA), the NDA government has stepped up capex. The big thrust in this year’s budget is for infrastructure development. The National Infrastructure Pipeline (NIP) is targeted to undertake a total of 7,400 projects this year and a Development Financial Institute (DFI) will be set up wit...

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...

February 01, 2021 Securities Code Act envisages various norms under one regulator The Reserve Bank of India (RBI) will have to give up its powers to regulate Government Securities (G-secs), the debt instruments issued by the central and state governments, sources in the know told Business Line. The powers to regulate GSecs will be passed on to SEBI. This is on the back of the budget announcement wherein it has been proposed to merge the Securities Contracts Regulation Act, Depositories Act, and Securities Exchange Board of India Act into a new Securities Code Act (SCA). Currently, there is ...