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Govt allocates Rs 13,949 crore to Space Dept as India preps up for Gaganyaan launch
After a steep cut last year, the Department of Space has been allocated Rs 13,949 crore in this Budget, of which Rs 8,228 crore have been earmarked for capital expenditure. Rs 700 crore has been allocated for the New Space India Limited (NSIL), a newly formed public sector undertaking under the Department of Space. The New Space India Limited, a PSU under the Department of Space, will execute the PSLV-CS51 launch, carrying the Amazonia Satellite from Brazil, along with a few smaller Indian satellites, Finance Minister Nirmala Sitharaman said in her budget speech.
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Investors richer by over Rs 6.34 lakh crore as markets give big shout-out to Budget 2021
Investors became richer by over Rs 6.34 lakh crore on Monday as markets gave a big shout-out to the Budget 2021-22, which analysts termed as unprecedented against the backdrop of the pandemic-induced slowdown. Cheering the Budget proposals, the BSE benchmark Sensex zoomed 2,314.84 points or 5 per cent to close at 48,600.61.
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During the day, it jumped 2,478.63 points to 48,764.40. This was the best Budget-day gain for the markets since 1997, analysts said. Following the extremely positive market sentiment, the market capitalisation of BSE-listed companies rallied Rs 6,34,069.67 crore to Rs 1,92,46,713.70 crore.
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Budget 2021: Who got what
India s ambitious Budget 2021 had something for everyone. But, infrastructure and healthcare turned out to be the biggest winners. The allocation for the defence sector too wasn t any lesser. In a host of announcements, Union Finance Minister Nirmala Sitharaman sought to pull out the country s economy from a creaking financial system, generate more employment opportunities, and ramp up healthcare by prioritizing vaccination for all. There were quite a few firsts during the presentation of the 2021-22 Union Budget in the Lok Sabha. For the first time, the budget went paperless and members were provided soft copies of the speech and documents. The 110-minute speech was her shortest.
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Finance Minister Nirmala Sitharaman presented her third union budget in Parliament today.
Union Finance Minister Nirmala Sitharaman on Monday presented the Union Budget 2021, her third as Finance Minister on Monday. For the first time, the Budget went paperless as Sitharaman read out her 110-minute speech from a tablet. Members in the Lower House were provided soft copies of the speech and documents. There were quite a few firsts in Budget 2021-2022. Many of the Budget announcements, including some related to taxation, were greeted with thumping of desk by the ruling party members. Bringing the budget in the most challenging times during the pandemic, Finance Minister Nirmala Sitharaman in an exclusive conversation in Aaj Ki Baat with Rajat Sharma, Editor-In-Chief and Chairman, India TV, discussed the key highlights of the Union Budget 2021.