Sitharaman also guaranteed that the current Minimum Support Price (MSP) system will continue as it has before and no suspension or curtailment shall hold it back. She also spoke about a part of the budget being set aside in the form of an agricultural fund, to be spent on APMC infrastructure.
New Fusion Rocket Could Take Humans to Mars in Short Time
Finance Minister Nirmala Sitharaman started her Budget speech 2021 saying the Union Budget is set on six pillars with the first being healthcare and wellbeing.
Sitharaman extended tax benefits to senior citizens, above the age of 75. Under the proposal, senior citizens will no longer have to file I-T returns. The FM further said that income tax return forms have been further simplified.
Here are some major highlights from the Union Budget speech:
With the Modi government s focus on healthcare this year, Sitharaman announced the PM Atmanirbhar Swasth Bharat Yojana with a corpus of Rs 64,000 crore.
and moderation in revenue during this fiscal year.
The finance minister provided a major boost to healthcare and infrastructure in Union Budget 2021. However, there was no change in Income Tax slabs this year.
In her speech, the finance minister mentioned that this year s budget proposals rest on six pillars health and well-being, physical, financial capital and infrastructure, inclusive development for aspirational India, reinvigorating human capital, innovation and R and D and Minimum Government and Maximum Governance.
Here are the key highlights of Nirmala Sitharaman s Budget speech 2021-22:
1) The finance minister proposed the introduction of Aatma Nirbhar health programme with an outlay of Rs 64,180 crore over six years; this in addition to the national health mission.
Union Budget 2020: Speech highlights
Amid a pandemic and unprecedented circumstances , Finance Minister Nirmala Sitharaman on Monday presented the first paperless budget, first in India s history, reading it out on a Made-in-India tablet in Parliament.
The Finance Minister said that the budget, this year, is one of the most significant ones as it has come during the time of the Covid-19 pandemic which has caused massive economic disruptions worldwide. But assuring a speedy resurgence of the country s growth rate, she stressed that the government is ready to facilitate the reset of the economy at the earliest in its full capacity. Here are some of the major updates of the budget.
URL copied
Union Finance Minister Nirmala Sitharaman announces Budget 2021 in Lok Sabha.
Finance Minister Nirmala Sitharaman on Monday presented the Union Budget 2021-2022 in the Parliament. Being the first budget of a new decade and also the one during the pandemic, the budget was focussed on boosting, encouraging India towards being Aatmanirbhar (Self-Reliant). The two main key segments where the government focussed its spending were infrastructure and health. Finance Minister said this year s budget was based on 6 pillars to ensure the overall development of the country.Â
What are the 6 pillars of Union Budget 2021?
Announcing the budget, Sitharaman said the Budget proposals for 2021-12 rest on six pillars including â