Updated Feb 12, 2021 | 15:26 IST
Nirmala Sitharaman also stressed that a false narrative is being created by the Opposition against the government that it works for crony capitalists . Union Finance Minister Nirmala Sitharaman | Photo Credit: ANI
Key Highlights
Loans sanctioned under Mudra Yojana - more than Rs 27,000 crores. Who takes Mudra Yojana? Damaads?: Nirmala Sitharaman
Damaad is a specialised name in the Indian National Congress: Sitharaman
New Delhi: In a blistering attack at the Opposition, particularly Congress, Union Finance Minister Nirmala Sitharaman on Friday said the Modi government is working for the poor and the middle class, not for some
Markets have been on fire after Finance Minister Nirmala Sitharaman presented Budget proposals for fiscal 2021-22 (FY22) with the S&P BSE Sensex surging over 3,300 points in just two sessions. Most brokerages have given a thumbs-up to the proposals, calling them ‘pro-growth’ that will entail a capex-driven revival of Covid-19 impacted Indian economy, even though fiscal deficit and the borrowing programme of the government for the next financial year came in a tad higher-than-expectation. Divestment of select public sector banks (PSBs) and one general insurance company, initial public offer (IPO) of Life Insurance Corporation (LIC), Air India, tax rationalisation of dividends of foreign portfolio investors (FPIs) and bringing them at par with treaty rates coupled with no new taxes for investment in capital markets are some of the proposals that have propped up markets.
Union Budget 2021: Here s a quick look at the highlights
Finance Minister Nirmala Sitharaman.Premium
14 min read
Share Via
Read Full Story
Union Finance Minister Nirmala Sitharaman on Monday presented the Budget 2021-22 that aims to shore up an economy badly-hit by the novel coronavirus pandemic. During her third budget speech in Lok Sabha, Sitharaman said that the government is committed to the welfare of farmers and the Minimum Support Price (MSP) regime has undergone a change.
The economy is projected to contract 7.7% in the current fiscal year, although the government forecasts growth of 11% for the coming fiscal year, after a massive COVID-19 vaccination drive and a rebound in consumer demand and investments.
Budget 2021 Speech Analytica LIVE Updates: Finance Minister Nirmala Sitharaman is presenting one of the most-awaited Budgets of the country today as the Covid-hit nation awaits economic relief and recovery from the pandemic that has brought down GDP growth to 4%, the lowest in 11 years. So far, Sitharaman has announced a major central health scheme, income tax rebates and said the government is focussed on farmer welfare. Follow this blog for live analysis of Budget 2021 by our experts at India Today:
The Union Cabinet will hold a meeting at 10:15 am before the presentation.Usually, the duration of the presentation ranges from 90 to 120 minutes. This year, the Union Budget will be delivered in paperless form for the first time.