Updated Feb 01, 2021 · 10:38 pm Finance Minister Nirmala Sitharaman addressing the media after presenting the Union Budget on February 1, 2021. | PTI
Finance Minister Nirmala Sitharaman on Monday announced a slew of measures in her third Budget speech to revive the pandemic-hit Indian economy. She proposed doubling healthcare spending to Rs 2,23,846 crore, increasing Foreign Direct Investment in the insurance sector from 49% to 74%, and warned that the fiscal deficit for the financial year of 2021-’22 will be wider than expected.
While the income tax slabs were not changed, the finance minister said that pensioners who are above 75 years will no longer be required to file tax returns. The government also announced infrastructure projects in West Bengal, Kerala, Tamil Nadu and Assam – four states which will go to the polls in the next couple of months.
Budget 2021 updates | No change in IT slabs, new cess introduced
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Updates from the Parliament as Finance Minister Nirmala Sitharaman presents her third Union Budget.
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Union Finance Minister Nirmala Sitharaman with MoS Anurag Thakur as they leave from their office for Parliament House to present the General Budget for 2021-2022, in New Delhi on February 1, 2021.
| Photo Credit: Shiv Kumar Pushpakar
Updates from the Parliament as Finance Minister Nirmala Sitharaman presents her third Union Budget.
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