Live Updates and discussion on Union Budget 2021

Quick Summary
This discussion thread provides live updates and a platform for people to share their views on the Union Budget 2021, presented by Finance Minister Nirmala Sitharaman. Key highlights include a focus on health and well-being with a significant outlay increase, infrastructure development with a record capital expenditure, and reforms in sectors like insurance, railways, and the power distribution network. The budget also introduced measures to simplify tax compliance for small companies and individuals, alongside initiatives for digital transformation and economic recovery.

Stock Check: BPCL, CONCOR, Pawan Hans, Air India divestments to be completed in FY22

 

Professionally managed Development Financial Institution to be set up, to provide, enable & catalyze infra financing ₹ 20,000 crore to capitalize this institution Aim is to have lending portfolio of at least ₹ 5 lakh crore in 3 years.

Residency Limit reduced to 120 Days : FM

Over 15,000 schools to be qualitatively strengthened under National Education Policy: FM

#UnionBudget2021 #AatmanirbharBharatKaBudget
- 69 crore beneficiaries or 86% covered under one-nation, one-ration
- Ujjwala scheme will be expanded to cover over 1 crore more beneficiaries

FM: I propose to take concrete steps to increase funding for National Infrastructure Pipeline

1. By creating institutional structures

2. By monetising assets

3. By enhancing share of capital expenditure in Central and State Budgets

Under Innovational and R&D, FM proposes an outlay of 50,000 crores over 5 years to National Research Foundation #FM

1500 Crore to be provided to promote E-Payment

First Digital Census in the History of India Soon :FM

100% electrification of rail broad gauge routes to be completed by December 2023 #Budget2021

To bring about transparency, efficiency, and governance reforms, in the Nursing Profession, the National Nursing and Midwifery Commission Bill will be introduced

Fiscal Deficit of 2020-21 - 9.5% of GDP : FM

FM announces special scheme for welfare of women and children in Assam and West Bengal
Rs 1,000 crore for tea workers in Assam and Bengal

#Budget2021:Fiscal deficit pegged at 9.5% of the GDP & Estimated @ 6.8% of GDP for FY22

Fiscal deficit in BE 2021-22 is pegged at 6.8% of the GDP

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