All 1.5 lakh post offices in India will be connected to the core banking system that will enable people to access their account online and also transfer money within post office accounts and to other banks, Finance Minister Nirmala Sitharaman announced on Tuesday.
Union Budget 2021: Here is Full Text of Nirmala Sitharaman s Address at the Parliament
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Introduction
Honourable Speaker, the preparation of this Budget was undertaken in circumstances like never before. We knew of calamities that have affected a country or a region within a country, but what we have endured with COVID-19 through 2020 is sui generis. RELATED NEWS
When I presented the Budget 2020-21, we could not have imagined that the global economy, already in throes of a slowdown, would be pushed into an unprecedented contraction.
We could not have also imagined then that our people as those in other countries would have to endure the loss of near and dear ones and suffer hardships brought about due to a health crisis.
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Great expectations of common man
After the economic downturn due to COVID-19, Finance Minister- Nirmala Sitharaman has raised many hopes for everyone before presenting the 2021 Budget, on February 1. This time, the Union Budget will be crucial for everyone because of the COVID-19 pandemic chaos which took place in the life of everyone. During this pandemic, many people not in India but around the world went through financial crisis due to salary cuts, job losses, loss in businesses which led them to carry the burden of the financial crisis. This is the reason everyone is expecting something big from the Finance Minister with a hope to lowering tax cuts along with reducing other pandemic burdens. It is likely that FM may announce some big changes in the tax slab rates but the Wish list of a common man comprises great expectations.
Budget 2021: While the traditional ceremony marks the commencement of the printing process of the government's Budget document, this year's budget will be delivered in paperless form
Union Budget Mobile App - Top Features:
The mobile app facilitates complete access to 14 Union Budget documents, including the Annual Financial Statement, also known as Budget), Demand for Grants (DG), Finance Bill etc. as prescribed by the Constitution.
The app has a user-friendly interface with embedded features of downloading, printing, search, zoom in and out, bidirectional scrolling, table of contents and external links, etc.
The mobile app is bilingual (English and Hindi) and will be available on both Android and iOS platforms.
The app can also be downloaded from the official Union Budget web portal (www.indiabudget.gov.in). (
It has been developed by the National Informatics Centre (NIC) under the guidance of the Department of Economic Affairs (DEA).