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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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IPS Officer Nupur Prasad gets Medal for Meritorious Service after Sushant Singh Rajput probe

IPS officer Nupur Prasad, who led the CBI investigation into Sushant Singh Rajput’s death, has been selected for the Medal for Meritorious Service this year.

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IPS officer Nupur Prasad, who led the CBI investigation into actor Sushant Singh Rajput’s death, has been recognised with the Medal for Meritorious Service (MSM) this year.

A 2007-batch AGMUT cadre officer, Ms Prasad recently returned to the Delhi Police after completing her tenure with the CBI. She is currently serving as Joint Commissioner of Police in the Economic Offences Wing (EOW), where she oversees investigations involving financial and economic crimes.

The award is part of this year’s recognition for police personnel for distinguished and meritorious service. Such honours recognise contributions in areas including investigation, crime prevention, public service, law and order and administration.

Nupur Prasad’s role in Sushant Singh Rajput case

Ms Prasad came into national focus during the CBI investigation into the death of Sushant Singh Rajput, who was found dead at his Mumbai residence on June 14, 2020.

The case was transferred to the CBI in August 2020 following a complaint by the actor’s family and a legal dispute over jurisdiction.

During her tenure with the agency, Ms Prasad supervised key aspects of the investigation, including the examination of witness statements, forensic evidence and medical records.

In 2025, the CBI filed closure reports, saying its investigation found no evidence of foul play, abetment to suicide or criminal conspiracy in the actor’s death.

Career across Delhi Police, CBI

Ms Prasad has served in several positions during her career, including assignments in the Delhi Police, CBI, Arunachal Pradesh and West Bengal.

Before joining the CBI, she held senior positions in the Delhi Police and became the first Deputy Commissioner of Police (DCP) of Shahdara. During her tenure, she worked on establishing the district’s policing framework following its creation.

She also led operations targeting drug networks and illegal gambling activities while focusing on crime-prevention measures.

Later, as DCP of North Delhi, she oversaw security arrangements for major events, including Independence Day celebrations at the Red Fort and Delhi University elections.

Community-focused policing initiatives

Beyond investigations, Ms Prasad has been associated with community-focused programmes involving women’s self-defence, youth development, cyber safety and drug de-addiction.

During her CBI tenure, she was also associated with several prominent investigations. Media reports have linked her to cases concerning businessman Vijay Mallya and the AgustaWestland helicopter deal.

Current role in Delhi Police

After completing her assignment with the CBI, Ms Prasad returned to the Delhi Police and took charge as Joint Commissioner of Police in the Economic Offences Wing.

The latest recognition adds to her career spanning investigations, policing and public service across several challenging assignments.

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Kharge, Rahul Gandhi skip Independence Day event for 2nd straight year

Congress chief Mallikarjun Kharge and Rahul Gandhi skipped the 80th Independence Day celebrations at the Red Fort for the second consecutive year.

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Rahul Kharge

Congress president Mallikarjun Kharge and Leader of Opposition in the Lok Sabha Rahul Gandhi skipped the 80th Independence Day celebrations at Delhi’s Red Fort for the second consecutive year.

Prime Minister Narendra Modi led the Independence Day celebrations at the historic venue on Saturday.

The absence of the two senior Congress leaders comes amid strained relations between the ruling party and the Opposition, which further deteriorated during the Monsoon Session of Parliament that concluded on Thursday.

2024 seating controversy

Rahul Gandhi had attended the Independence Day celebrations in 2024 but his seating arrangement triggered a controversy. The Congress leader, who holds the status of a Cabinet minister as Leader of the Opposition in the Lok Sabha, was seated in the second-last row during the ceremony at the Red Fort.

The Opposition had criticised the seating arrangement, calling it an insult to the people. The Defence Ministry, which organised the event, said the arrangement had been modified to accommodate Olympians at the venue.

According to protocol, the Leader of the Opposition is seated in the front row during ceremonial events.

Opposition-ruling party tensions

Relations between the government and the Opposition remained tense during the Monsoon Session, which ended on Thursday.

The session saw repeated clashes between the two sides, with both the Opposition and the ruling party blaming each other for the low productivity of Parliament.

The session began on July 20, with students marching towards Parliament on the first day. Twelve bills were passed during the session, while detailed discussion took place on only one legislation, concerning paper leaks.

The Congress, along with the Trinamool Congress and Samajwadi Party, also boycotted the customary tea party hosted by Lok Sabha Speaker Om Birla after the House was adjourned sine die.

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PM Modi’s Saptadhara Vision: 7 streams driving India’s next growth phase

PM Modi outlined “Shakti Ki Saptadhara”, identifying seven streams including manufacturing, farming, technology, defence, green energy and soft power.

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PM modi speech

Prime Minister Narendra Modi, in his Independence Day address from the Red Fort on Saturday, outlined “Shakti Ki Saptadhara”, describing seven key streams that he said can drive India’s next phase of growth and strengthen its journey towards self-reliance and development.

The seven streams identified by the Prime Minister are manufacturing, farming, technology, Gatishakti, Raksha Shakti, green and blue economy, and soft power.

Calling on the country to focus on these areas, PM Modi said the seven streams represent India’s strength and can help the country become more self-reliant.

Manufacturing as the engine of growth

PM Modi called manufacturing the first stream of Saptadhara and stressed the need to significantly strengthen the sector.

He said India needs to produce both components and complete products and should emerge as a key destination in global supply chains.

The Prime Minister highlighted cost, quality and scale as important factors for Indian manufacturers to compete globally. He also stressed the importance of attractive packaging and precision in manufacturing.

Farming and food processing

Agriculture and food processing were identified as the second stream.

PM Modi said global markets are increasingly accessible to Indian farmers and called for greater efforts to take agricultural products from farms to international markets.

He highlighted traditional foods, millets, spices, fruits and vegetables, saying these products should be developed into global brands.

Technology and innovation

Technology and innovation form the third stream of Saptadhara, according to PM Modi.

He highlighted areas such as data centres, robotics and emerging technologies, saying India should aim to become a hub for these sectors.

Referring to the country’s experience with UPI and Digital Public Infrastructure, PM Modi said India has already demonstrated its technological capabilities and must now take the next leap in next-generation communication technology.

He also spoke about the goal of Made-in-India 6G reaching across the country.

Gatishakti and faster connectivity

The fourth stream is Gatishakti, with the Prime Minister stressing the importance of speed and connectivity for India’s growth.

PM Modi called for greater emphasis on roads and expressways to support businesses and said the country needs seamless, high-speed connectivity.

He also highlighted high-speed rail connectivity between cities and port-led development as areas requiring greater focus.

Raksha Shakti and self-reliant defence

Defence is the fifth stream of Saptadhara.

PM Modi called for greater self-reliance in defence manufacturing and highlighted the need to develop advanced technologies in the sector.

He particularly stressed the importance of drone and counter-drone technology, saying India needs to invest in these areas.

The Prime Minister also said India should move beyond being a market for defence equipment and work towards becoming a global supplier by developing next-generation defence technologies.

Green and blue economy

Green energy forms the sixth stream of Saptadhara.

PM Modi called for greater innovation in green energy and said India should aim for global leadership in green hydrogen, renewable energy and energy storage while continuing to contribute solutions to global challenges.

He also highlighted opportunities in the Blue Economy, particularly in fisheries, coastal tourism and ocean technology, saying these areas can create new pathways for India’s growth.

Soft power

Soft power is the seventh stream identified by PM Modi.

He cited Yoga, handicrafts, films, animation, gaming, digital content and the creative sector as examples of India’s soft power.

The Prime Minister also highlighted India’s potential to attract global tourists and called for greater focus on the country’s tourism opportunities, including its national parks and other attractions.

With “Shakti Ki Saptadhara”, PM Modi outlined a broad growth framework covering manufacturing and agriculture, emerging technology, connectivity, defence, sustainable energy, the blue economy and India’s cultural and creative influence.

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