Union Finance Minister Minister Nirmala Sitharaman is set to present her third Union Budget 2021-22. Ahead of the presentation ,Sitharamanhad earlier this month stated that the budget for the fiscal year beginning April will be “like never before”.
Earlier, Union Cabinet had approved the Union Budget 2021-22 . Meanwhile , Lok Sabha Speaker Om Birla in a hindi tweet wrote ,
वित्त मंत्री श्रीमती निर्मला सीतारमण जी आज सुबह 11 बजे बजट प्रस्तुत करेंगी। यह पहली बार है जब बजट digital format में होगा। बजट संबंधी दस्तावेज https://t.co/2iMkukkyuB पोर्टल अथवा Union Budget मोबाइल एप से डाउनलोड किए जा सकेंगे।@nsitharaman#BudgetSession
— Om Birla (@ombirlakota) February 1, 2021
“Finance Minister Nirmala Sitharaman will present the Budget at 11 am today. The Budget will be presented in a digital format for the first time today. All documents relating to the Budget can be downloaded from the indiabudget.gov.in portal or the Union Budget mobile app.”
Here are the highlights :
This Budget will be the first of this new decade. Budget 2021 will also be a digital budget
> I borrow the words from Rabindranath Tagore, “Faith is the bird that feels the light and sings when the dawn is still dark”. In this spirit, I can’t help but recall the joy that we as a Cricket loving nation felt after Team India’s recent spectacular success in Australia
> The government fully prepared. The Indian economy in contraction due to global economy, which was slowing down, was pushed into uncertainty due to COVID-19. The risk of not having a lockdown was far more, far too high
> The preparation of this Budget was undertaken in circumstances like never before, in view of calamities that have affected a country or a region within a country. But what we have endured with COVID-19 to 2020 is Sui generis.
> Six pillars of the Budget : budget 2021 as follows:
Health and well-being
Physical and financial capital and infra
Innovation and Research & Development (R&D)
Minimum government and maximum governance
> The Government stretched its resources for the benefit of the poorest of the poor. The PM Garib Kalyan Yojana, the three Aatma Nirbhar Bharat packages and subsequent announcements were like five mini-budgets in themselves.
>I n May 2020, Govt announced the Atmanirbhar Bharat package, to sustain the recovery further we also rolled out two more Atmanirbhar packages. Total financial impact of all packages including measures taken by RBI was estimated to be about Rs 27.1 lakh crores.
> Only three times has the Budget followed a contraction in the economy. This time, unlike before, the situation is due to a global pandemic. Budget 2021 provides every opportunity for economy to capture pace and grow sustainably.
>India now has one of the lowest #COVID19 death rates of 112 per million population and one of the lowest active cases of about 130 per million. This has laid the foundation for the economic revival we see today
> A new centrally sponsored scheme PM Atmanirbhar Swasth Bharat Yojana will be launched with an outlay of about 64,180 crores over 6 years
> For 2021-22, I propose a sharp increase in Capital Expenditure & thus have provided Rs 5.54 lakh crores which is 34.5% more than the BE 2020-21
> Over 13,000 km length of roads at a cost of Rs 3.3 lakh cr has already been awarded under Rs 5.35 lakh cr Bharatmala project of which 3,800 kms have been constructed. By March 2022 we’d be awarding another 8,500 & complete an additional 11,000 kms of National Highway Corridor