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Union Budget 2021: Poll-bound states focus of budget

Budget 2021 live updates: FM Nirmala Sitharaman Speech Today Live, Union Budget 2021-22 Highlights: Get live updates of union Budget 2021 along with highlights & budget 2021-22 analysis on Apn News

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Finance Minister Nirmala Sitharaman to present the Budget

Finance Minister Nirmala Sitharaman on Monday presented the Union Budget 2021-22 in Parliament on Monday. She announced changes in the taxation process, exempting senior citizens above age 75 from filing income tax returns. She also announced new rules for removal of double taxation for NRIs, and a reduction in the time period of tax assessments among other measures. She announced Aatmnirbhar packages totalling Rs 27.1 lakh crore to fight the Covid pandemic in her budget speech. She allotted Rs. 35,000 crore for Covid-19 vaccine.

While presenting the Budget, Sitharaman said the budget for 2021-22 rests on six pillars – health and well-being, physical and financial capital and infrastructure, inclusive development for aspirational India, reinvigorating human capital, innovation & R&D, Minimum Govt and Maximum Governance. The Finance Minister had assured that the 2021-22 budget will be a Budget like never before.

Sitharaman said government is committed to welfare of farmers. She said MSP has gone through a sea change. Over Rs 75,000 crore have paid to wheat farmers in 2020-21 and 43.36 lakh farmers have benefited from this. The finance minister announced to hike the FDI limit in Insurance from 49% to 74%.

The FM Sitharaman allotted announced 11,000 km of national highway infrastructure this year specifically in three states which are set to contest elections later this year. Over Rs 1 lakh crore have been allocated to Tamil Nadu, Rs 65,000 crore for National Highways in Kerala and Rs 95,000 crore for road projects in West Bengal.

The Finance Ministry’s Economic Survey projected that India’s GDP will record 11 percent growth in 2021-22. The nominal GDP growth has been estimated at 15.4 percent, implying an assumption of 4.4 per cent inflation during the year. This year’s budget is unique as it is paperless. The finance minister used a tablet computer to deliver a paperless Budget address.

Also Read: Budget 2021: Finance Minister Nirmala Sitharaman to use tablet to present first-ever paperless budget

Watch Nirmala Sitharaman’s speech here:

The Aam Aadmi party took a dig at Modi government in its tweet after the Finance Minister presented the Budget in Lok Sabha. This is what the AAP tweeted.

After the presentation of Budget in Lok Sabha, senior Congress leader Shashi Tharoor took a dig at the BJP government. This is what he tweeted.

Surge in Sensex and Nifty following budget

Sensex rose by 1420.03 points, currently at 47,705.80. Nifty up by 362.70 points, currently at 13,997.30

No change in income tax slabs

Income tax slabs will remain the same, announced FM in her budget speech. To further ease filing of IT returns, details of capital gains and interest from banks, post offices, etc will be pre-filled.

Government to borrow Rs 80,000 crore in a bid to meet FY21 expenditure

Centre will borrow Rs 80,000 crore in remaining two months to meet FY21 expenditure.

The fiscal deficit in 2021-22 estimated to be 6.8% of the GDP

Finance Minister Nirmala Sitharaman announces fiscal deficit for 2021-22 at 6.8% of GDP.

Nirmala Sitharaman says no IT returns for those above 75

Those above 75 years of age will not have to file I-T returns.

The government has launched one nation, one ration card scheme through which beneficiaries can claim their rations anywhere in the country. The scheme is under implementation by 32 states & Union Territories.

Government committed to welfare of farmers, says FM

Amid the ongoing farmers’s protest against the centre’s three farm laws, Sitharaman says government is committed to welfare of farmers. She said MSP has gone through a sea change. Over Rs 75,000 crore have paid to wheat farmers in 2020-21 and 43.36 lakh farmers have benefited from this.

Also Read: Budget 2021: Finance Minister Nirmala Sitharaman to use tablet to present first-ever paperless budget

The government announces LIC IPO in 2021-2022

In 2021-22 the government will also bring the IPO of LIC for which the FM is bringing the requisite amendments in this session itself. The FM announced government’s plan to sell part of its holding in Life Insurance Corporation of India this year through initial public offering.

FM infuses Rs 20,000 crore for public sector banks

FM announces further infusion of Rs 20,000 crore for public sector banks

The FM Sitharaman increases FDI limit in insurance to 74 percent

The finance minister announced to hike the FDI limit in Insurance from 49% to 74%. She however said that majority directors on board and Key management personnels will be Indians.

The pneumococcal vaccine to be rolled out across the country. This will avert more than 50,000 child deaths annually, says FM.

Rs 18,000 crore for public buses, says FM Sitharaman

The government announces a budget of Rs 18,000 crore for public buses.

FM announces Rs 1.10 lakh crore outlay for railways

The centre to provide Rs 1.10 lakh crore outlay for railways, of which Rs 1.7 lakh crore is for capital expenditure.

The Finance minister allocates Rs 64,180 crore for healthcare sector

The government has announced a new central healthcare scheme to strengthen the country’s healthcare infrastructure over the next 6 years. The Pradhan Mantri Atma Nirbhar Swasthya Bharat Yojana has been allocated around Rs 64,180 crore. 

Government aims to complete 11,000 km of national highway infrastructure this year: FM Sitharaman

3,500 km corridor in Tamil Nadu, 1,100 km in Kerala at investment of Rs 65,000 cr, 675 km in West Bengal at a cost of Rs 95,000 cr, 1,300 km in Assam in the next 3 years

Sitharaman introduces Voluntary scrapping policy for vehicles

All private vehicles beyond 20 years and commercial vehicles older than 15 years old will have to undergo fitness test.

Sitharaman announces 35 thousand crores for Covid-19 vaccine.

FM Sitharaman announces Rs 95,000 crore for roads development in Bengal.

Government to launch Mission Poshan 2.0; Jal Jeevan Mission Urban will be launched. “The Urban Swachh Bharat scheme will be implemented with an outlay of over Rs 1.4 lakh crore,” she said.

Sitharaman said today India has 2 #COVID19 vaccines available and has begun safeguarding not only its own citizens but also those of 100 or more countries.

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, says finance minister Nirmala Sitharaman.

Congress leaders reach Parliament in black gowns.

Congress MPs Jasbir Singh Gill and Gurjeet Singh Aujla wear a black gown to the Parliament to protest against the three farm laws, that have sparked a widespread agitation by farmers.

The Cabinet ministers have approved the #UnionBudget 2021-22 that will be presented by Finance Minister Nirmala Sitharaman in the Parliament at 11 am.

Ahead of the Budget 2021 presentation, Congress leader Rahul Gandhi has tweeted that MSMEs, healthcare and defence sectors should be at top focus.

The Finance Minister Nirmala Sitharaman, MoS Finance & Corporate Affairs Anurag Thakur and senior officials of the Ministry of Finance, met President Ram Nath Kovind before presenting the budget 2021-22.

At the start of the joint session of Parliament on Friday, Prime Minister Narendra Modi said Finance Minister Nirmala Sitharaman had already announced 3-4 mini budgets and that the 2021-22 Budget should be seen as an extension of the same effort.

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Amit Shah tells Rajya Sabha India close to getting indigenous anti-drone solution

“Around 40,000 government jobs have been provided in Jammu and Kashmir between 2019 and 2024, and 1.51 lakh self-employment opportunities have been created. Skilling clubs are also operational to empower the youth,” Shah added.

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Union Home Minister Amit Shah announced on Friday that India is on the verge of developing a complete indigenous anti-drone solution, which is expected to be operational within six months.

Speaking during a debate in the Rajya Sabha, Shah highlighted the government’s efforts to bolster national security through advanced technology and innovation.

“We are very close to achieving a complete anti-drone solution. We have conducted six successful experiments, and I am hopeful that within six months, we will have an indigenous anti-drone system, a true symbol of Make in India,” Shah said.

The Home Minister also emphasized the use of drones and modern technology in combating illegal activities, such as poppy cultivation. “We have utilized drones, satellites, and advanced technology to destroy opium cultivation. In the last five years, we have destroyed and disposed of 23,000 kg of synthetic drugs worth over ₹14,000 crore,” he stated.

Shah reiterated the government’s commitment to curbing drug trafficking, noting that drugs often enter India from Afghanistan and are routed through Gujarat to Sri Lanka. “We have pledged that no drugs will be allowed to enter or exit India. The money earned from the drug trade is often used to fund terrorism, and we will spare no one involved in such activities,” he asserted.

Zero tolerance for Terrorism and Naxalism

Addressing the issue of Naxalism, Shah declared that the government has a zero-tolerance policy towards terrorism and left-wing extremism. He expressed confidence that Naxalism would be eradicated in India by March 2026.

“By March 21, 2026, Naxalism will end in this country. The Modi government has taken decisive steps to address this challenge, which previous governments neglected,” Shah said.

He also highlighted the significant reduction in terrorism-related incidents in Jammu and Kashmir since the abrogation of Article 370 in August 2019. “Article 370 was the root cause of separatism in Kashmir. The architects of our Constitution had envisioned a unified India, and the Modi government fulfilled this dream by abrogating Article 370,” Shah stated.

The Home Minister noted that the move has led to a 70% reduction in deaths due to terrorism in Jammu and Kashmir, with zero incidents of stone-pelting reported in the valley. He also emphasized the establishment of grassroots democracy in the region through successful local body elections.

“Around 40,000 government jobs have been provided in Jammu and Kashmir between 2019 and 2024, and 1.51 lakh self-employment opportunities have been created. Skilling clubs are also operational to empower the youth,” Shah added.

Progress in the Northeast

Shah also spoke about the significant progress made in the Northeast, describing the region as largely peaceful under the Modi government. “Since 2019, we have signed 19 peace accords, and around 10,000 militants have surrendered. A new era of development has been ushered in, bringing stability and growth to the region,” he said.

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Supreme Court terms Delhi HC judge Yashwant Varma transfer to Allahabad HC misinformation, unrelated to in-house investigation

Once reviewed, the Supreme Court vowed to take “further and necessary” steps, hinting at a meticulous follow-up process.

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The Supreme Court moved swiftly on Friday to dispel what it termed “misinformation and rumours” swirling around an alleged discovery of a large cash stash at the official residence of Delhi High Court judge Justice Yashwant Varma following a fire.

In a statement, the apex court clarified that the proposed transfer of Justice Varma to the Allahabad High Court was unrelated to an ongoing in-house enquiry, seeking to quash speculation that had gripped legal and political circles.

The court revealed that Delhi High Court Chief Justice D.K. Upadhyaya had initiated an internal probe prior to the Supreme Court Collegium’s meeting on 20 March. This enquiry, aimed at gathering evidence and facts, was triggered after reports of the incident surfaced.

“The Chief Justice has been diligently collecting information, and a report will be submitted to Chief Justice of India Sanjiv Khanna today,” the statement noted. Once reviewed, the Supreme Court vowed to take “further and necessary” steps, hinting at a meticulous follow-up process.

The controversy erupted after a fire broke out at Justice Varma’s Lutyens Delhi residence late on 14 March. Delhi Fire Services Chief Atul Garg, speaking to PTI, provided a detailed account that contradicted the cash haul narrative.

“We received a call at 11.35 p.m. about a blaze, and two fire tenders were dispatched immediately,” Garg said. Arriving at 11.43 p.m., firefighters found flames confined to a storeroom filled with stationery and household items. “It took 15 minutes to extinguish the fire—no injuries were reported,” he added.

Garg was unequivocal about the absence of cash. “Our team found no money during the operation. After putting out the fire, we alerted the police and left the scene,” he stated, debunking claims that firefighters had stumbled upon a fortune.

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Ruckus in Karnataka Assembly: 18 BJP MLAs suspended for six months amid honeytrap showdown

Parameshwara echoed this, noting Rajanna’s intent to lodge a complaint, though it was yet to materialise. “I’ve committed to a high-level investigation and will consult the CM on its nature,” he said.

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The Karnataka Legislative Assembly was thrown into disarray on Friday as at least 18 BJP MLAs faced suspension for allegedly causing a ruckus. The opposition lawmakers demanded a judicial inquiry by a sitting High Court judge into claims of a “honey-trap” scheme targeting a minister and other politicians. The uproar saw marshals escorting the suspended BJP members out of the chamber, as tensions flared over the explosive allegations.

The drama erupted shortly after the session began, with BJP and Janata Dal (Secular) MLAs storming the well of the House, brandishing CDs and chanting slogans. Their protest persisted despite assurances from Chief Minister Siddaramaiah of a high-level investigation.

The opposition’s ire stemmed from Cooperation Minister KH Rajanna’s revelation on Thursday that he had been targeted in a honey-trap attempt, claiming 48 politicians across party lines had faced similar ploys. BJP leaders, unimpressed by the government’s response, insisted on a judicial probe, arguing the case’s gravity warranted impartial oversight.

Siddaramaiah sought to quell the unrest, telling the Assembly, “Home Minister G Parameshwara has promised a thorough probe. Let Rajanna file a formal complaint, and we’ll ensure protection for all members—Congress, BJP, or JD(S). No lawbreaker will be spared, regardless of status.”

He stressed the government’s duty to safeguard citizens, adding, “We’ll discuss the probe’s scope and act decisively.” Parameshwara echoed this, noting Rajanna’s intent to lodge a complaint, though it was yet to materialise. “I’ve committed to a high-level investigation and will consult the CM on its nature,” he said.

But the opposition, led by R Ashok, remained unconvinced. “What’s the intelligence wing doing under the CM’s watch? If ministers aren’t safe, who is? This demands a sitting judge’s inquiry,” Ashok thundered, pointing to Rajanna’s claims of widespread political targeting. BJP MLA Sunil Kumar had earlier set the tone, questioning the cabinet’s integrity. “A minister alleging a honey-trap in the House—what does that say about governance? Where’s the morality?” he demanded, urging clarity on the probe and protection for legislators.

Congress leaders, meanwhile, defended the suspensions, accusing the opposition of disrespecting the House by tearing papers and disrupting proceedings. Minister Priyank Kharge fired back, alleging similar scandals under the previous BJP regime went unaddressed. “They secured court stays then—why the outrage now?” he retorted, sparking a fiery clash between the benches.

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