Gradual unlocking of the economy, record vaccinations, improvement in consumer demand, continued policy support towards industries by the Government in the form of Atma Nirbhar Bharat Abhiyan and further reinforcements in 2021-22 have led to an upturn in the performance of the industrial sector, the Economic Survey tabled in Parliament said on Monday.
Budget 2021 news updates: Nirmala Sitharaman delivers budget speech at parliament.
New Delhi:
Finance Minister Nirmala Sitharaman addressed parliament today with details of the Union Budget 2021, the first after a difficult year for the economy due to the COVID-19 pandemic. She announced foreign direct investment (FDI) hike in insurance to 74 per cent from 49 per cent with foreign control under safeguards. The Finance Minister has set a target of Rs 16.5 lakh crore as agricultural credit. Her budget speech comes after a difficult year for the economy due to the COVID-19 pandemic, which shut down businesses for months, leading to lost earnings, curtailed consumer spending and job cuts. The total impact of Atmanirbhar Bharat and measures by RBI was Rs 27.1 lakh crore, which amounts to 30 per cent of GDP, Ms Sitharaman said. 2021 is a year of many milestones, she said.
Budget will be in accordance with people s expectations. Govt which functions on mantra of Sabka Saath, Sabka Vikas, Sabka Vishwas gave new direction to India by announcing Aatmanirbhar package, protecting it from pandemic & bringing economy back on track swiftly: MoS Finance https://t.co/w6GKYLfQsupic.twitter.com/dQ7U3NW40Z ANI (@ANI) February 1, 2021 Thakur also offered prayers at his residence, ahead of the presentation of the Union Budget 2021-22 in the Parliament. All eyes are fixed on Finance Minister Nirmala Sitharaman as she is set to present Union Budget 2021-22 in Parliament on Monday, at a time when India is recovering from the Covid-19 crisis.
Budget 2021 goes digital: Nirmala Sitharaman replaces Swadeshi Bahi Khata with tablet amid COVID-19 pandemic
ANI
New Delhi: Union Finance Minister Nirmala Sitharaman is all set to present Budget 2021 shortly. Sitharaman, this year, has decided to present and read out the Budget at the Parliament through a tab instead of the traditional bahi khata.
Dressed in a red and cream colour saree, accompanied by MoS Anurag Thakur and other officials from her ministry at North Block, the Finance Minister was seen carrying a tablet kept inside a red coloured cover with a golden coloured national emblem embossed on it.
Delhi: Finance Minister Nirmala Sitharaman will present and read out the #UnionBudget 2021-22 at the Parliament through a tab, instead of the traditional bahi khata . pic.twitter.com/Ir5qZYz2gy ANI (@ANI) February 1, 2021
Finance minister Nirmala Sitharaman has presented four-five mini budgets in 2020 and the Union Budget will be seen as a continuation of those, Prime Minister Narendra Modi said on Friday ahead of the start of the Budget Session.