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Union Budget Amid Covid-19
Nirmala Sitharaman with MoS for Finance Anurag Thakur and other officials leaving North Block office to present the General Budget -2021 at Parliament house, in New Delhi on Monday (Image Credit: UNI)

Union Budget 2021: LIVE Updates

| @indiablooms | Feb 01, 2021, at 04:17 pm

Union Finance Minister Nirmala Sitharaman is presenting the country's budget for the year 2021-2022 at a time India's economy took an unprecedented nosedive due to the Covid-19 pandemic. As the Covid-19 is still present in the country, all will be eyeing on how Sitharaman would sort of vaccinate the Indian economy. Prime Minister Narendra Modi on Friday said the budget this time will be like "mini budgets" in the form of small packages. 

LIVE Updates

Budget2021 sends sensex surging over 1,600 points

Market clocks in best single-day gain In 10 months, says report

Sitharaman concludes Budget speech

Sitharaman proposes an agricultural and infrastructure cess

FM announces tax exemptions for affordable house loans

GST will be simplified further, says FM

We made record GST collection in last few months: Sitharaman

Capacity of GST in system enhanced: Sitharaman

Tax holiday for startups extended by one more year.. capital gain exemption by one more year too

A faceless dispute resolution mechanism will be set up for small taxpayers: Sitharaman

NRIs: Exemption from tax audit relaxed further from 5 crore to 10 crore now

Propose to remove the hardship of double taxes for NRIs upon returning to India: Sitharaman

Timeline for reopening of tax returns reduced to 3 years from 6 years: Sitharaman

Direct Tax: Senior citizens of age 75 and above exempted from filing IT return: Sitharaman

Net borrowing for states capped at 4%

1.18 lakh crore will be given to 17 states by 2022: Sitharaman

Fund for UT Jammu and Kashmir will be given by the Centre: Sitharaman

Fiscal deficit for 2021-2022 estimated at 6.8% of GDP: Sitharaman

We intend to reach fiscal deficit of below 4.5% by 2025-2026: Sitharaman

Fiscal deficit in FY 2020-2021 is pegged at 9.5% of GDP: Sitharaman

To give a further boost to the non-conventional energy sector, I propose to provide additional capital infusion of Rs 1,000 crore to Solar Energy Corporation of India and Rs 1,500 crore to Indian Renewable Energy Development Agency: Sitharaman

300 crores to Goa for celebration of diamond jubilee of liberation from Portugeese: Sitharaman

Forthcoming census will be digital: Sitharaman

Finance Minister allocates Rs 3,726 crore for digital census.

Two PSU banks and one general insurance company could be privatised in FY 2021-2022: Sitharaman

National Nursing and midwife bill will be introduced: Sitharaman

IPO of LIC will be brought in FY2021, says Sitharaman

We will undertake National Language Translation mission: Sitharaman

Railways to monetize dedicated freight corridor assets for O&M, after commissioning

Five operational roads being transferred to NHAI: Sitharaman

100 new Sainik schools to be set up in association with NGOs: Sitharaman

More than 15,000 schools will be qualitatively strengthened under National Education Policy: Sitharaman

Sitharaman announces 15,700 crore for MSME sector

One Nation, One Ration Card system under implementation in 32 states: Sitharaman

FM says over 75,000 crore wheat MSP paid to farmers in 2020-21

FM says govt committed to welfare of farmers amid noisy protest

Disinvestment target in FY 2021-2022 is 1.75 lakh crore

FM announces Rs 1.41 lakh crore for Urban Clean India Mission

Rs 20,000 cr for recapitalisation of govt banks: Sitharaman

All disinvestments of BPCL, CONCOR, Pawan Hans, Air India to be completed in FY 2021-2022: Sitharaman

Sitharaman proposes amendment of Insurance Act

Rs 1.15 lakh cr for Railways and privatizing airports: Sitharaman

Pipelines of GAIL, Indian Oil Corp (IOC) and HPCL will be monetised: Sitharaman

FDI in Insurance increased to 74%

Sitharaman announces launch of Security Market Code

Propose to announce 1,000 crore to Solar Energy: Sitharaman

Ujjwala scheme will be extended to cover 1 cr more beneficary, will add 100 more districts in city-gas network: Sitharaman

Sitharaman announces phase two of metro in various cities

Sitharaman has announced Kochi Metro Phase 2 of 11.5 km at 1,957.05 crores; Chennai phase 2 118.9 kms at 63,246 crores; Bengaluru phase 2a and 2b 58.19 kms at 14,788 crores.

 

 

Mission POSHAN 2.0 to be launched: Sitharaman

Supplementary Nutrition Programme & POSHAN Abhiyaan to be merged, Mission POSHAN 2.0 to be launched To strengthen nutritional content, delivery & outcome Intensified strategy for improving nutritional outcomes in aspirational districts

Sitharaman announces Kolkata, Siliguri road improvement

To allot 65,000 crore for highway projects in Kerala: Sitharaman

Sitharaman announces 675 km highway works in West Bengal at the cost of 25,000 crores

Sitharaman annonces 3,500 of national highway works in Tamil Nadu at an investment of 1.03 lakh crores

3,800 kms constructed under the Bharatmala Project: Sitharaman

2 lakh crore to states and autonomous bodies for their capital expenditure: Sitharaman

I propose a sharp increase in capital expenditure 5.54 lakh crore for 2021-2022: Sitharaman

Rs 64,180 crore for new Aatmanirbhar health schemes: Sitharaman

Asset monetisation dashboard will also be created: Sitharaman

Monitising operating public infrastructure assets important for new infrastructure: Sitharaman

Sitharaman announces Rs 35,000 crore for Covid vaccines

Vehicles to undergo fitness tests after 20 years for passenger vehicles, 15 years for personal vehicles: Sitharaman

Sitharaman announces Mission Poshan to focus on nutrition

Manufacturing unit needs to grow in double digits on sustainable basis: Sitharaman

India now has one of the lowest COVID19 death rates of 112 per million population and one of the lowest active cases of about 130 per million: Sitharaman

Sitharaman announces Rs 2217 core for 42 urban centres for controlling air pollution

Sitharaman announces voluntary vehicle scrapping policy

Made-In-India vaccine will be rolled out across the country, now limited to 5 states: Sitharaman

Nirmala focuses on health, announces integrated public health labs in all districts, critical care hospitals in 602 districts, expansion of integrated health information portals

Jal Jeevan Mission will be launched with an aim of universal coverage of water supply: Sitharaman

Will strengthen national centre for disease control: Sitharaman

Setting up of 15 health emergency centres and 2 mobile hospitals: Sitharaman

Budget focuses on health and well being, financial capital and infrastructure, human capital, innovation and R & D and mini govt and maximum governance, says Sitharaman

'Atmanirbharata' consists of good governance, women empowerment: Sitharaman

Atmanirbhar packages accelerated the rate of growth: Sitharaman

This is first digital budget (paperless), says Sitharaman

This moment is history of dawn of new era: Sitharaman

We announced over 27 lakh crore packages: Sitharaman

We rolled out three Atmanirbhar packages which were like mini budgets: Sitharaman

FM rises to present budget

Union Finance Minister Nirmala Sitharaman rose from her seat to present the budget. 

 

Sensex rises by over 500 points

The BSE Sensex rose by over 500 points as Union Finance Minister Nirmala Sitharaman will be presenting the Union Budget on Monday. 

PM Modi arrives at Parliament

Prime Minister Narendra Modi arrived at Parliament. 

 

Sitharaman calls on President Kovind

As per protocol, Union Finance Minister Nirmala Sitharaman called on President Ram Nath Kovind at Rashtrapati Bhavan, before the presentation of Union Budget 2021-22 in the Parliament on Monday. 

 

Sitharaman along with Anurag Thakur at Parliament house

Union Finance Minister Nirmala Sitharaman with MoS for Finance Anurag Thakur and other officials leaving North Block office to present the General Budget 2021 at Parliament house, in New Delhi on Monday.

Budget to go digital this year

The union budget in 2021 amid Covid-19 is going to be digital this year, throwing away the customary system of reading from papers. 

 

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