Union Budget 2021 LIVE: Nirmala Sitharaman presents Union Budget 2021-22 today

By
Kumar Suresh
-
0

Finance Minister Nirmala Sitharaman is presenting the Union Budget 2021-22 in Parliament today. This is the first budget after the COVID-19 pandemic wreaked havoc on the Indian economy, pushing it into successive quarters of negative growth.

Sitharaman is all set to read her budget from a tablet in contrast with the past practice of using papers due to the COVID-19 pandemic. The move is also being seen as a push to Prime Minister Narendra Modi’s Digital India campaign.

The budget is also being presented amidst raging farmers’ protests at the national capital’s borders and mounting joblessness. The finance minister has said that this year’s budget would be ‘unlike anything seen so far.’

The Bombay Stock Exchange saw a surge of over 443 points and the NSE Nifty of 115 points in opening trade ahead of today’s budget.

LIVE UPDATES on today’s budget will appear below:

  • Forget putting cash in the hands of people, Modi Govt plans to handover India’s assets to his crony capitalist friends: Rahul Gandhi

  • Today’s Budget shows India’s confidence and will instil self-confidence in the world. The Budget has the vision of self-reliance and features every section of the society: PM Narendra Modi. (ANI)

  • India’s first paperless budget is also a 100% visionless budget; theme of the ‘fake budget’ is ‘sell India’: TMC MP Derek O’Brien. (PTI)

  • This BJP government reminds me of the garage mechanic who told his client, “I couldn’t fix your brakes, so I made your horn louder.”: Congress MP Shashi Tharoor

  • For investor protection, Investor Charter as a right of all financial investors across all financial products to be introduced
  • To set up a system of regulated gold exchanges in the country, SEBI will be notified as regulator and Warehousing Dev. and Regulatory Authority will be strengthened
  • Permanent institutional framework to set up, to instill confidence in corporate bond market participants during times of stress and enhance secondary market liquidity
  • To further reduce litigation for small taxpayers I propose to constitute a dispute resolution committee which will be faceless to ensure efficiency, transparency. Anyone with a taxable income up to Rs 50 Lakhs & disputed income up to Rs 10 Lakhs eligible to approach committee: FM
  • A single and rationalized Securities Markets Code to be set up, by consolidating provisions of SEBI Act 1992, Depositories Act 1996, Securities Contracts Regulation 1956 and Govt. Securities Act 2007
  • Independent Gas Transport System Operator to be set up, for facilitation and coordination of booking of common gas carrier capacity, in all natural gas pipelines, on non-discriminatory and open access basis
  • 100 more districts to be added in next 3 years, to City Gas Distribution Network.
  • #Ujjwala scheme which has benefited 8 crore households, will be extended to cover 1 crore more beneficiaries
  • Ship Recycling Capacities of around 4.5 million Light Displacement Tonnage to be doubled by 2024, expected to generate around 1.5 lakh jobs for our youth
  • Fiscal deficit in 2020-21 pegged at 9.5% of GDP. We would need another Rs 80,000 crores for which we would be approaching the market in these two months: FM Nirmala Sitharaman. (ANI)
  • Scheme for promoting flagging of merchant ships in India to be launched, by providing subsidy support to Indian shipping companies in global tenders floated by Ministries and CPSEs. ₹1,624 crore over 5 years for this
  • Comprehensive National Hydrogen Energy Mission to be launched, as per PM @narendramodi’s announcement at 3rd REINVEST conference in Nov 2020. Mission will help generate hydrogen from green power sources
  • Revamped, reforms-based, result-linked Power Distribution Sector Scheme to be launched, with outlay of ₹ 3,05,984 crore over 5 years. Will provide assistance to distribution companies for infrastructure creation
  • Framework to be put in place, to provide consumers alternatives to choose from, from among more than one power distribution company
  • MetroLite and Metro New Technologies to be deployed to provide metro rail systems in tier 2 cities and peripheral areas of tier 1 cities, at much lesser cost, with same experience, convenience and safety
  • New scheme at a cost of ₹ 18,000 crore for augmentation of public bus transport services. Will facilitate deployment of innovative PPP models enabling private players to finance, acquire, operate and maintain over 20,000 buses
  • Record sum of ₹ 1,10,055 crore to be provided for Indian Railways, out of which ₹ 1,07,100 is for capital expenditure only
  • High density rail networks and highly utilized rail routes to be provided with indigenously developed automatic train protection system which will eliminate train collision due to human error
  • Western Dedicated Freight Corridor and Eastern Dedicated Freight Corridor to be commissioned by June 2022. Various additional initiatives too being proposed
  • Enhanced outlay of ₹ 1,18,101 crore for @MORTHIndia, out of which ₹ 1.08 lakh crore is for capital, the highest ever provided
  • By March 2022, another 8,500 km of road projects to be awarded, additional 11,000 km of NH corridors to be completed, under Bharat Mala Pariyojna project
  • Sharp increase of 34.5% in capital expenditure as compared to previous budget estimates – resulting in allocation of ₹ 5.54 lakh crore. Echoing the govt.’s effort to spend more on capital expenditure, despite resource crunch
  • Five operational roads being transferred to NHAI. ₹7,000 crore assets to be transferred to PGCIL. Railways to monetize dedicated freight corridor assets for O&M, after commissioning. Next lot of airports to be monetized for ops & mgmt. concessions
  • ₹ 1.97 lakh crore over 5 years starting this FY, for Production Linked Incentive Schemes to create manufacturing global champions for an #AatmaNirbharBharat. Will nurture size and scale and create jobs for youth
  • Outlay for health increased to ₹ 2,23,846 crore, an increase of 137% relative to previous year’s budget
  • ₹ 35,000 crore for #COVID19 Vaccine in this year 2021-22. Govt. is committed to provide more funds, if required – Finance Minister
  • The pneumococcal vaccine, limited to only 5 states at present, to be rolled out across the country. Will avert more than 50,000 child deaths annually, informs Finance Minister
  • New Centrally Sponsored Scheme #PMAatmanirbharSwasthBharatYojana to be launched, outlay of ₹ 64,180 crore over 6 years. To develop capacities of health care systems, develop institutions for detection & cure of new and emerging diseases
  • In Part A of #Budget2021, Finance Minister lays out a vision for #AatmanirbharBharat. To strengthen the vision of Nation First, doubling farmers’ income, strong infra, women’s empowerment, healthy India, good governance, education for all, inclusive development
  • Only three times has the Budget followed a contraction in the economy. This time, unlike before, the situation is due to a global pandemic. #Budget2021 provides every opportunity for economy to capture pace and grow sustainably: Finance Minister
  • 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: Finance Minister
  • “Faith is the bird that feels the light and sings when the dawn is still dark”. FM @nsitharaman quotes Rabindranath Tagore, adding that this moment in history is the dawn of a new era, where India is well-poised to be the land of promise and hope”
  • #AatmanirbharBharat packages accelerated structural reforms. Today, India has two vaccines, we have begun to safeguard both our citizens as well as 100 or more countries. Two or more more vaccines also expected soon: Finance Minister
  • The Govt. 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: Finance Minister @nsitharaman
  • The total financial impact of all #AatmaNirbharBharat packages, including measures taken by @RBI, was about ₹ 27.1 lakh crore, more than 13% of GDP : Finance Minister @nsitharaman
  • #AatmanirbharBharat packages accelerated structural reforms. Today, India has two vaccines, we have begun to safeguard both our citizens as well as 100 or more countries. Two or more more vaccines also expected soon: Finance Minister
  • The Govt. 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: Finance Minister
  • Finance Minister begins #Budget2021 speech by recounting the unprecedented circumstances through which the nation and the world had to go through and recognizing the service rendered by #COVID Warriors during the crucial months of the pandemic #AatmanirbharBharatKaBudget
Previous article“अर्नब गोस्वामी के लिए इमरजेंसी सुनवाई करने वाला सुप्रीम कोर्ट मनदीप पूनिया पर मौन क्यों है?”: पत्रकार की गिरफ्तारी पर भड़के पहलवान बजरंग पूनिया
Next articleVIDEO: तृणमूल कांग्रेस का आरोप- BJP नेताओं ने ‘राष्ट्रीय गान’ का किया अपमान, ट्विटर पर ट्रेंड हुआ #BJPInsultsNationalAnthem

RELATED ARTICLESMORE FROM AUTHOR