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Finance Minister Nirmala Sitharaman on Monday unveiled an expansionary Budget that focused on health, hope and growth; maintained status quo on direct taxes; avoided the much-feared wealth tax, boosted government’s capital expenditure by 26 per cent on the revised estimates for FY21 and kept market borrowing targets around the same level as the financial year gone by, at Rs 12 lakh crore. Those largely met the expectations of the financial markets, which were hoping for a ‘no-harm Budget’. Domestic equities rallied, but bond yields hit a four-month high as market participants reckoned t...

Budget 2021: Union Finance Minister Nirmala Sitharaman replaces Swadeshi 'bahi khata' with 'Made in India' tablet It is to be noted that Union Budget 2021 is going to be completely paperless due to COVID-19 pandemic. Share Updated: Feb 1, 2021, 10:02 AM IST As Union Finance Minister Nirmala Sitharaman gets ready to present paperless Union Budget 2021 for the first time on Monday (February 1), she replaced Swadeshi 'bahi khata' with a digital tablet. Talking to Zee Media, Sitharaman said that she is going to present Union Budget 2021 using a 'Made in India' tablet. It may be recalled, in 2019,...