In the Indian context, in the absence of a universal state-sponsored welfare scheme, individuals have to rely on provident fund and similar schemes to build their retirement nest
Budget: Changes in indirect tax regime
Policy steps: Finance minister Nirmala Sitharaman, along with her staff, as she leaves the finance ministry to present the annual budget in Parliament on 1 February.Premium
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Union Budget 2021 became India’s first digital budget as finance minister Nirmala Sitharaman switched the old bahikhata for a ‘Made in India’ tablet. The minister proposed an array of measures to jump-start the covid-hit Indian economy.
This year’s budget proposals primarily rest on six pillars: health and well-being, physical and financial capital and infrastructure, inclusive development for aspirational India, reinvigorating human capital, innovation and research and development, and minimum government and maximum governance.