Union Budget 2021 LIVE Updates
Finance Minister Nirmala Sitharaman is presenting the Union Budget 2021. Here are the key highlights:
#Budget2021 proposals rest on six pillars
- Health and Well-Being
- Physical and Financial capital and infrastructure
- Inclusive Development for Aspirational India
- Reinvigorating Human Capital
- Innovation and R&D
- Minimum Govt., Maximum Governance
LIVE Updates: Time 11.52
New Centrally Sponsored Scheme #PMAatmanirbharSwasthBharatYojana to be launched, outlay of Rs 64,180 crore over 6 years
LIVE Updates: Time 11.55
Jal Jeevan Mission Urban to be launched, outlay Rs 2.87 lakh crore over 5 years. Aimed at universal water supply in all 4,378 urban local bodies, with 2.86 crore household tap connections and liquid waste management in 500 AMRUT cities
LIVE Updates: Time 12.00
Urban Swachh Bharat Mission 2.0 with outlay of Rs 1,41,678 crore over 5 years from 2021. Focused on complete fecal sludge management, waste water treatment, source segregation, management of waste from urban construction, bioremediation of legacy dump sites
LIVE Updates: Time 12.20
Enhanced outlay of Rs 1,18,101 crore for Ministry of Road Transport & Highways, out of which Rs 1.08 lakh crore is for capital, the highest ever provided
LIVE Updates: Time 12.30
100% electrification of rail broad gauge routes to be completed by December 2023
LIVE Updates: Time 12.40
Power Distribution Sector Scheme to be launched, with outlay of Rs 3,05,984 crore over 5 years. To provide assistance to distribution companies for infrastructure creation
LIVE Updates: Time 1.00 PM
Proposes to launch National Hydrogen Mission 2021-22 aimed at generating hydrogen from Green Power.
LIVE Updates: Time 1.20 PM
Govt to introduce phased manufacturing plan for solar cells & panels and to increase customs duties on some auto parts
LIVE Updates: Time 1.30 PM
Proposed additional capital infusion of Rs 1,000 crore to Solar Energy Corporation of India and Rs 1,500 crore to IREDA
LIVE Updates: Time 1.30 PM
Rishikesh Kumar, Founder and CEO Xtraliving
Prioritising health can help rebuild the economy. The current budget proposed PM Aatmanirbhar Swastha Bharat scheme with an outlay of Rs 64,180 crore scheme is a landmark achievement for healthcare sector-primary preventive healthcare. The prime focus is definitely on fighting the pandemic by making the vaccine available to all and subsequently building the right infrastructure to support good health and empower professionals with the proper knowledge and skills to help people. It’s the right step to a fitter and stronger India. With the current technological advancements, we can be the hub of healthcare solutions for the world.
LIVE Updates: Time 1.35 PM
Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory
It’s a pragmatic & forward looking budget, at the same time. The estimated, gradual reduction in the fiscal deficit from 9.5% to under 4.5% by 2024-25 will help boost consumption in the economy. The government’s big bet on infrastructure is bound to pay off in the long-term & will also catapult desired growth for real estate & the economy. The NPA’s of PSU banks have seen an encouraging reduction from 8.96 to 6.8 trillion by end of Fiscal 2020. The setting up of ARC & AMC for banks troubled with bad loans and NPA’s alongside the further recapitalisation of Rs.20,000 crores will help improve the lending capacity of the banking & financial sector. The government’s decision to extend tax holiday for affordable housing projects by another year is a step in the right direction to realise the PM’s dream of ‘Housing For All by 2022’.
