{"id":117195,"date":"2021-02-01T14:25:05","date_gmt":"2021-02-01T08:55:05","guid":{"rendered":"https:\/\/apnlive.com\/?p=117195"},"modified":"2021-02-01T16:32:00","modified_gmt":"2021-02-01T11:02:00","slug":"budget-2021-live-updates","status":"publish","type":"post","link":"https:\/\/apnlive.com\/india-news\/budget-2021-live-updates\/","title":{"rendered":"Union Budget 2021: Poll-bound states focus of budget"},"content":{"rendered":"\n

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. <\/p>\n\n\n\n

While presenting the Budget, Sitharaman said the budget for 2021-22 rests on six pillars \u2013 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. <\/p>\n\n\n\n

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%. <\/p>\n\n\n\n

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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

Also Read<\/strong>: Budget 2021: Finance Minister Nirmala Sitharaman to use tablet to present first-ever paperless budget<\/a><\/p>\n\n\n\n

Watch Nirmala Sitharaman’s speech here: <\/strong><\/p>\n\n\n\n

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