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Since she was appointed as the Union finance minister in 2019, Nirmala Sitharaman presented her second full budget on Monday . In 2020, she had presented an interim budget.
NEW DELHI: Opposition parties criticised the Union Budget 2021 for being visionless and said that the government failed on crucial areas such as the Gross Domestic Product (GDP).
Union finance minister Nirmala Sitharaman presenting the budget in the Parliament on Monday said that the budget focuses on healthcare and infrastructure.
Ruling party leaders lauded the budget for its focus on a number of measures, including capital expenditure, tax exemption for senior citizens and incentives for start-ups among others.
Future-ready Railways
February 01, 2021
Weathering Covid, the national transporter has a ₹ 2.08 lakh cr plan
To make Indian Railways future ready, the government proposes to provide ₹1.10 lakh crore next fiscal, of which ₹1.07 lakh crore will be spent as capital expenditure. It is budgetary support portion from the plan size of ₹2,15,058 crore, which also includes borrowing and internal revenue generation.
The national transporter’s total revenues are expected to bounce back to ₹2.08 lakh crore in fiscal 2021-22, according to the Union Budget. Of this, 29 per cent (₹61,000 crore) will be by moving passengers and ₹1,28,000 crore by moving goods like coal, steel automobile, cement, foodgrain.