Budget: Focus On Vaccine, Farmers, Polls

Monday, 1 February 2021Newsdesk

Finance Minister Nirmala Sithraman is announcing Budget 2021 in Parliament. Ms Sitharaman said the Budget was prepared in circumstances -like never before- and that the government was fully prepared to back and facilitate a reset of the economy. According to her, the total impact of Atmanirbhar Bharat and Covid relief measures was₹27.1 lakh crore, which amounts to 13 per cent of the GDP.

New Delhi, 01 February 2021

As per news report of NDTV, in her Budget 2021 speech, Finance Minister Nirmala Sitharaman has announced that Foreign Direct Investment (FDI) in insurance sector has been increased from 49 per cent to 74 per cent. The Finance Minister said capital expenditure would be increased to ₹ 5.54 lakh crore in Budget 2021-22, around 34 per cent higher than last year. “Only three times has the Budget followed a contraction in the economy This time, unlike before, the situation is due to a global pandemic,” Ms Sitharaman said, adding that Budget 2021 provided every opportunity for economy to capture pace and grow sustainably.

Source -NDTV