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Growth-oriented Budget with a balanced approach
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Being a technology company that promotes digitisation, we are excited to see the first-ever Digital Budget in the history of India. The government is leading by example the way it is adopting digital transformation, be it faceless tax assessments or going all the way to make the Budget process entirely digital.
Keeping in view the fact that the world is fighting the battle with first-ever pandemic in the past 50 years, this Budget is a very balanced and a growth-oriented one. This should help bring the economy back on the right track with maintaining its continuous focus on ‘Aatmanirbhar Bharat’.
February 02, 2021 / 10:52 PM IST
Union Budget 2021 Highlights | Committees on DTC were constituted in a certain context and with a certain intent in mind: CBDT chief
Union Budget 2021 LIVE: Union Finance Minister Nirmala Sitharaman on February 1 presented the Union Budget 2021 and revised the expenditure target for FY 2021 at Rs 34.50 lakh crore. She allocated Rs Rs 2,23,846 crore for health, Rs 1.18 lakh crore for road infra, Rs 1,10,055 crore for Railways, Outlay over Rs 3 lakh crore for power and set the divestment target for FY22 at Rs 1.75 lakh crore, among other things.
Budget 2021 LIVE Updates: Finance Minister Nirmala Sitharaman presented Union Budget 2021-22 on February 01. She used a tablet computer to deliver the paperless Budget address. This Budget assumes great significance as it comes amid the novel coronavirus pandemic, which has led to massive economic disruption
Updated Feb 01, 2021 · 10:12 pm An MP holds an envelope containing a copy of Union Budget 2021- 22 speech, at Parliament House in New Delhi on Monday. | Manvender Vashist/ PTI
The Union Budget for financial year 2021-’22 evoked contrasting reactions, with the opposition parties criticising it and calling it a pro-corporate move, while the Bharatiya Janata Party leaders and Cabinet ministers hailing it as a vision for an “Aatmanirbhar Bharat”.
Congress leader Rahul Gandhi said instead of giving cash in the hands of the people, the government was selling the country’s assets to Prime Minister Narendra Modi’s “crony capitalist friends”.
Forget putting cash in the hands of people, Modi Govt plans to handover India s assets to his crony capitalist friends.#Budget2021 Rahul Gandhi (@RahulGandhi) February 1, 2021
Union Budget 2021: Rs 4.78 Lakh Crore Allocated for Defence, 19% Increase in Capital Outlay
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At a time Indian and Chinese troops are locked in a standoff in eastern Ladakh, the government on Monday increased the capital outlay for the armed forces by nearly 19 per cent while allocating a total of Rs 4.78 lakh crore for defence budget for 2021-22 as against Rs 4.71 lakh crore last year. Rs 1.35 lakh crore has been set aside for capital expenditure that includes purchasing new weapons, aircraft, warships and other military hardware, according to the Union Budget presented in the Lok Sabha by Finance Minister Nirmala Sitharaman.