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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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Cockroach Janta Party gives CEC Gyanesh Kumar 48 hours to resign, warns of nationwide protests

Cockroach Janta Party founder Abhijeet Dipke has demanded the resignation of Chief Election Commissioner Gyanesh Kumar within 48 hours, warning of a nationwide agitation if the demand is not met.

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Cockroach Janta Party (CJP) founder Abhijeet Dipke has demanded that Chief Election Commissioner Gyanesh Kumar resign within 48 hours, warning that the organisation will launch a nationwide agitation if he does not step down.

The demand was made during a press conference on Thursday amid a wider controversy surrounding the Election Commission’s handling of electoral-roll-related matters and the ongoing Special Intensive Revision (SIR).

Dipke alleged that the functioning of the Election Commission under Kumar had raised concerns over the electoral process. These claims are allegations made by Dipke and should not be treated as established facts.

What did Abhijeet Dipke demand?

Dipke called for Gyanesh Kumar’s resignation within 48 hours. He warned that the CJP would begin a nationwide protest if the Chief Election Commissioner did not step down within the deadline.

The organisation said the proposed agitation would follow the lines of its earlier protest at Delhi’s Jantar Mantar.

The CJP also raised other demands related to the electoral process, including a halt to ongoing electoral exercises and the Special Intensive Revision of electoral rolls.

Why is CJP demanding Gyanesh Kumar’s resignation?

The demand comes amid a controversy over the Election Commission’s electoral-roll processes.

The demand came amid a controversy over the Election Commission’s handling of the Special Intensive Revision (SIR) of electoral rolls, following a report that Election Commissioners Sukhbir Singh Sandhu and Vivek Joshi had raised questions about the exercise. 

However, the Election Commission has rejected the suggestion that these differences represented a division within the three-member poll panel. The Commission said that differing views, written notes and internal checks are part of its deliberative process and maintained that decisions, including those concerning SIR, were taken unanimously.

What has Abhijeet Dipke alleged?

Dipke has alleged that more than 13 crore votes were deleted from electoral rolls and questioned the reasons behind the deletions.

He also alleged that voter deletions had affected Opposition leaders and referred to several political figures while making his claims.

These figures and allegations were presented by Dipke during the press conference. They should therefore be attributed to him rather than stated as independently verified facts.

Dipke also questioned whether the alleged deletions could affect the political balance in elections.

What happens if Gyanesh Kumar does not resign?

According to Dipke, the CJP will launch a nationwide agitation if the Chief Election Commissioner does not resign within 48 hours.

He said the organisation would continue its campaign until its demand for Kumar’s resignation was met.

The CJP has also announced a broader campaign against the Election Commission, while warning of further protests.

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Rahul Gandhi attacks CEC Gyanesh Kumar, says vote chori leads to kanoon chori

Rahul Gandhi accused the Election Commission of failing to protect voters and linked his “vote chori” allegation to what he called “kanoon chori”.

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Congress leader and Leader of Opposition in the Lok Sabha Rahul Gandhi on Thursday launched a fresh attack on Chief Election Commissioner Gyanesh Kumar and the Narendra Modi government, alleging irregularities in India’s electoral process.

Addressing a press conference in Delhi, Mr Gandhi linked his earlier allegations of “vote chori” with what he described as “kanoon chori”, arguing that alleged manipulation of votes would have consequences for the country’s law-making and institutional systems.

“From vote chori comes kanoon chori,” Mr Gandhi said, arguing that if votes had been stolen, laws and institutional changes made by lawmakers elected through those votes would also be affected.

Rahul Gandhi attacks Gyanesh Kumar

Mr Gandhi specifically targeted Chief Election Commissioner Gyanesh Kumar and questioned the Election Commission’s handling of the electoral process.

His remarks came amid reports of differences within the poll body over the Special Intensive Revision (SIR) exercise. Mr Gandhi referred to reported concerns involving the Election Commission and alleged that questions raised about the functioning of the poll panel had not been adequately addressed.

He also alleged that the Election Commission had failed in its responsibility to protect the vote, which he described as the foundation of India’s democratic and constitutional system.

‘Vote chori’ claim

Mr Gandhi reiterated his allegations of irregularities in elections and said the issue went beyond individual voters.

He argued that the vote gives power to the Constitution, while the Constitution provides the basis for laws and institutions. On that basis, he said alleged destruction of the voting process would have wider consequences for the country’s constitutional system.

Mr Gandhi also questioned what he described as the disappearance of anti-incumbency in elections involving the BJP, comparing recent electoral outcomes with earlier political trends.

He alleged that the 2024 Lok Sabha and Assembly elections had been manipulated. These remain allegations made by Mr Gandhi and should not be presented as established facts.

Attack on Modi and Amit Shah

During the press conference, Mr Gandhi also targeted Prime Minister Narendra Modi and Union Home Minister Amit Shah while making his allegations about the electoral process.

He questioned the role of the Election Commission and its leadership, and called for accountability over what he described as irregularities affecting India’s voting system.

Mr Gandhi said he was presenting evidence for his allegations and maintained that the issue concerned not only elections but also the functioning of democratic institutions.

The Election Commission’s reported internal differences over the SIR exercise formed part of the backdrop to his remarks. The claims made by Mr Gandhi concern his interpretation of those developments and are distinct from established findings about election manipulation.

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Ram Temple donation theft case chargesheet filed, trustees not named

A chargesheet has been filed in the Ram Temple donation-theft case in Ayodhya. The temple trust’s trustees have not been named as accused.

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A chargesheet has been filed in the case involving alleged theft of donations at the Ram Temple in Ayodhya. The chargesheet, however, does not name the trustees of the temple trust as accused.

The development comes after an investigation into several instances of alleged theft of donations at the temple complex. The probe had examined CCTV footage and other evidence related to the incidents.

Chargesheet filed in donation theft case

The chargesheet has been submitted against those accused in connection with the alleged theft of donations at the Ram Temple.

Importantly, the trustees of the Shri Ram Janmabhoomi Teerth Kshetra Trust have not been named as accused in the chargesheet.

The investigation had focused on incidents in which donations were allegedly stolen from the temple premises. CCTV footage was examined as part of the probe into the reported thefts.

Investigation into 105 theft incidents

An earlier investigation had identified 105 instances of alleged donation theft through CCTV footage. The probe examined the incidents and the people allegedly involved in them.

The case had also led to arrests of accused persons named in the FIR. The investigation subsequently examined the role of individuals connected with the incidents.

The filing of the chargesheet marks a further step in the criminal proceedings related to the alleged theft of donations at the Ram Temple.

Trustees not named as accused

The chargesheet does not name the temple trust’s trustees as accused. This distinction is significant because the filing concerns the individuals against whom the investigating agency has proceeded in the case.

The chargesheet will now form part of the legal proceedings, while the matter will be dealt with through the appropriate judicial process.

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