English हिन्दी
Connect with us

India News

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

Published

on

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.

India News

Over 5,000 tribals join BJP in Assam’s Goalpara ahead of elections

More than 5,000 tribals, largely from the Garo community, joined the BJP in Assam’s Goalpara district during a large-scale ST Morcha programme ahead of elections.

Published

on

Hemanta Sharma

More than 5,000 members of tribal communities formally joined the Bharatiya Janata Party (BJP) at a large-scale event held in Assam’s Goalpara district on February 25, weeks before key elections.

The joining programme was organised by the BJP ST Morcha, Assam Pradesh, at the Agia School playground. The event was conducted under the leadership of Riya Sangma, State Secretary of BJP ST Morcha and in-charge of the Goalpara ST Morcha.

Party leaders said the programme witnessed strong participation, particularly from the Garo community, describing it as a significant political development in the district.

The chief guest at the event was Samir Oran, National President of BJP ST Morcha and outgoing Member of Parliament (Rajya Sabha). Among those present were Bijuli Kalita Medhi, MP from the Guwahati Lok Sabha constituency, Ravindra Raju, Horen Singh Bey, who serves as State President of BJP ST Morcha, and other party leaders.

Goalpara district has traditionally seen strong influence from opposition parties, especially the Congress. Tribal voters in the region have largely remained divided, making the large-scale induction ahead of elections politically significant.

Addressing the media, Samir Oran said the BJP has brought a new phase of recognition and opportunity for tribal communities across the Northeast. He stated that the joining programme reflected growing trust among tribal populations in the party.

Riya Sangma said many tribal communities, particularly members of the Garo community, had earlier felt deprived of adequate respect and development benefits. She added that the participation of over 5,000 people demonstrated confidence in the BJP’s leadership.

Dipankar Nath, BJP Goalpara District President, termed the development a “game-changer” for the constituency. He said the party remains committed to the welfare, development and dignity of tribal communities.

Party leaders expressed confidence that the induction drive would strengthen the BJP’s organisational base in Goalpara and nearby areas ahead of the upcoming polls.

Continue Reading

India News

PM Modi crosses 100 million followers on Instagram, first world leader to achieve milestone

Prime Minister Narendra Modi has crossed 100 million followers on Instagram, becoming the first world leader to achieve the milestone and widening the gap with global counterparts.

Published

on

pm modi followers

Prime Minister Narendra Modi has become the first world leader and politician to cross 100 million followers on Instagram, marking a significant moment in global political communication.

Having joined the platform in 2014, the Prime Minister has steadily built one of the most followed political profiles worldwide. Over the past decade, his Instagram account has featured updates on official engagements, international visits, public outreach programmes, cultural highlights and personal moments, helping him connect with a broad and diverse audience.

With 100 million followers, PM Modi now ranks first among world leaders on Instagram. His follower count is more than double that of US President Donald Trump, who stands at 43.2 million followers.

Other prominent leaders remain considerably behind in comparison. Indonesian President Prabowo Subianto has around 15 million followers, Brazilian President Luiz Inacio Lula da Silva has 14.4 million, Turkish President Recep Tayyip Erdogan has 11.6 million, and Argentine President Javier Milei has 6.4 million followers.

Notably, the combined follower count of the next five major global leaders remains lower than PM Modi’s individual tally, highlighting the scale of his digital outreach. Observers note that his presence on Instagram resonates strongly with younger users in India and abroad, reflecting the growing importance of visual and interactive platforms in political engagement.

Wide gap within India’s political space

The Prime Minister also maintains a substantial lead over other Indian political figures on Instagram. Uttar Pradesh Chief Minister Yogi Adityanath has around 16.1 million followers, while Congress leader Rahul Gandhi has approximately 12.6 million followers.

The gap underlines PM Modi’s dominant position on social media among domestic political leaders.

The milestone reflects a broader global trend of political leaders increasingly using platforms like Instagram to communicate directly with citizens, share governance updates, and expand public engagement beyond traditional media channels.

Continue Reading

India News

MK Stalin predicts frequent PM Modi visits to Tamil Nadu before assembly election

MK Stalin has said Prime Minister Narendra Modi will visit Tamil Nadu more often ahead of the Assembly election, calling the tours politically motivated and questioning the Centre’s support to the state.

Published

on

MK Stalin

Tamil Nadu Chief Minister M. K. Stalin has predicted that Prime Minister Narendra Modi will increase his visits to the state as the Assembly election, expected in April or May, draws closer.

Speaking ahead of the polls, the DMK president said the Prime Minister has already begun touring Tamil Nadu and is likely to visit frequently in the coming months. He claimed that such visits could create discomfort within the BJP-led National Democratic Alliance (NDA), as alliance partners may fear the political impact of repeated appearances.

Stalin calls visit politically motivated

The Chief Minister described the Prime Minister’s scheduled programmes in the state as “politically motivated”. PM Modi is set to attend various events in Madurai in southern Tamil Nadu, including the inauguration of the first phase of the AIIMS hospital project. He is also expected to visit the Thiruparankundram Temple amid the Karthigai Deepam-related controversy and participate in a public meeting organised by the NDA.

Stalin said he has been working for all sections of the population, including those who did not vote for his party. In contrast, he remarked that some leaders are visible in the state only during election time and increase their visits as polls approach.

Criticism over Union Budget allocations

The DMK leader also criticised the BJP-led central government, accusing it of neglecting Tamil Nadu. He pointed out that while approval was recently granted for the Gujarat Metro project, there were no major announcements or allocations for Tamil Nadu in the Union Budget.

Stalin asserted that voters would remember the lack of significant measures for the state. He framed the upcoming election as a contest between Tamil Nadu and the NDA, stating that the state should be governed from Fort St George in Chennai rather than from Delhi.

The ruling DMK is currently allied with several smaller parties and, at present, the Congress, as it seeks a third consecutive term in office. Its principal rival, the AIADMK, is aligned with the BJP as part of the NDA.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com