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Budget speech LIVE: Finance Minister Nirmala Sitharaman to present Union Budget at 11 am

Updated Feb 01, 2021 · 10:38 pm
Finance Minister Nirmala Sitharaman addressing the media after presenting the Union Budget on February 1, 2021.
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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. ....

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Budget 2021 Live: FM to present Union Budget today - The Hindu BusinessLine

12.57 PM
FM announces raise in customs duty on cotton from 0% to 10%; on raw silk and silk yarn from 10% to 15%.
12.48 PM
To support domestic manufacturing in the solar sector, The duty increased for solar inverters from 5% to 20%.
12.47 PM
12.46 PM
12.47 PM
12.46 PM
12.45 PM
12.43 pm
GST reforms:
Proposal to remove 400 old exemptions. From October 1, 2021, a revised customs duty structure free of distortions.
12.42 PM
With the announcements for Infrastructure and a growth oriented budget, the Sensex rose 700 points and is at 47,056.
12.41 PM
To further ease filings of IT returns: interest from banks, dividend income etc will be prefilled in the form says FM
12.38 PM ....

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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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Sensex zooms over 1,700 pts after Budget 2021; Nifty reclaims 14K

On the Sensex chart, IndusInd Bank was the top gainer, rallying over 11 per cent, followed by ICICI Bank, SBI, HDFC, M&M and Axis Bank. ....

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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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