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Budget share of capital expenditure highest in decade, aims for investments

The government on Monday allocated a higher share of the budget to capital expenditure than it has for over a decade, aiming to help push investments amid a pandemic slowdown.
Around 15.91 per cent of the budget is for capital expenditure: it was 13.55 per cent last year. The calculations are based on budget estimates. Capital expenditure refers to money spent on the creation of assets for future use like roads and buildings for health facilities. Revenue expenditure includes things like interest payments and salaries that the government pays on an ongoing basis.
The share of the budget devoted to the creation of long-term assets or capital expenditure has been on the decline in recent years. It had touched 19.3 per cent in the budget estimates for the financial year 2004-05 (FY05). This declined to 12.15 per cent in FY20. This was the lowest in ten years. It was 12.11 per cent in FY10. The previous high before this year s number was 18.02 per cent in FY08. ....

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Budget 2021: Sitharaman replaces bahi-khata with Made In India tablet

UPDATED: February 1, 2021 11:12 IST
Nirmala Sitharaman seen holding a Made in India tablet in a red case instead of the conventional brown briefcase or bahi khata (Photo: Reuters)
The
Union Budget 2021 will be presented in paperless form for the first time, with Union Finance Minister Nirmala Sitharaman seen holding a Made in India tablet in a red case instead of the conventional brown briefcase or bahi khata as she posed for the media ahead of the Parliament session.
Sitharaman had broken away from tradition when she replaced the briefcase and opted for the traditional bahi khata (a ledger wrapped in a red cloth) while presenting the Budget in 2019. Then she had said the Modi government was not a suitcase-carrying government , seen as a retort to Congress suit-boot sarkar jibe. ....

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Budget 2021 today Finance Minister Nirmala Sitharaman economic vaccine bahi khata

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Finance Minister Nirmala Sitharaman to present Budget 2021 today
Finance Minister Nirmala Sitharaman on Monday will deliver her promised budget, which is expected to provide relief to the pandemic-hit common man as well as focus more on driving the economic recovery through higher spending on healthcare, infrastructure and defence amid rising tensions with neighbours. As India emerges from the COVID-19 crisis, the ninth budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments. ....

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Opposition MPs raise slogans as Sitharaman begins Budget speech

Opposition MPs raise slogans as Sitharaman begins Budget speech
Opposition MPs raise slogans as Sitharaman begins Budget speech
In the initial few seconds of her speech, Sitharaman was barely audible as sloganeering by Opposition MPs drowned her voice.
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UPDATED: February 1, 2021 12:01 IST
In the initial few seconds of her speech, Sitharaman, presenting her third Union Budget, was barely audible (Screengrab)
Some Opposition MPs raised slogans over the farmers protest as soon as Finance Minister Nirmala Sitharaman began the reading of Budget 2021. In the initial few seconds of her speech, Sitharaman, presenting her third Union Budget, was barely audible as sloganeering by Opposition MPs drowned her voice. ....

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Budget 2021: What's in store for Indian Railways this time?

Budget 2021: Railways are considered to be crucial driver of India s economy. It s expected that Centre may announce a few Tejas trains, dedicated railway line to move agri goods and infrastructural up-gradation for railways ....

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