Union Budget 2021 Live Updates: Will fulfil peoples expectations, says MoS

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Budget 2021 Live Updates: Prime Minister Narendra Modi has hinted that this Budget will be an extension of the four-five mini budgets Nirmala Sitharaman announced in 2020.

By hindustantimes.com

UPDATED ON FEB 01, 2021 08:42 AM IST

Finance minister Nirmala Sitharaman will present Union Budget 2021 at 11am on Monday in Parliament. This is the first budget after Covid-19 pandemic and the ninth one under the Modi government. For Nirmala Sitharaman, this is the third budget as she debuted in 2019, springing a change by replacing decades-old leather briefcase with ‘bahi-khata’.

Union Budget 2021 is unique in many regards. This will be the first paperless budget. The year 2020, as PM Modi said ahead of the joint session of Parliament on Friday, was a year of four to five mini budgets as the finance ministry announced several stimulus packages throughout the year to cushion the blow of the pandemic. Union Budget 2021 will be an extension of those, PM Modi said.

The Economic Survey 2020-21 has projected that India’s real GDP growth would be around 11 per cent in 2021-22. while the nominal GDP growth has been estimated to be around 15.4 per cent.

Follow all the updates here:

  • FEB 01, 2021 08:41 AM IST

    Budget 2021: MoS Anurag Thakur offers prayers ahead of Budget presentation

    Minister of state, finance, Anurag Thakur offers prayers at his residence ahead of Union Budget 2021. Photo: ANI
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  • FEB 01, 2021 08:23 AM IST

    Union Budget 2021: GST collections record all-time high in January

    Revenues for month of January 2021 are 8% higher than GST revenues in same month last year. (Photo: Finance ministry)
    Revenues for month of January 2021 are 8% higher than GST revenues in same month last year. (Photo: Finance ministry)

    The finance ministry on Sunday said the January collections of the Goods and Services Tax (GST) were the highest ever since the implementation of the tax in July 2017. The figures reached 1.20 lakh crore in January.

  • FEB 01, 2021 08:19 AM IST

    Union Budget 2021: Why expectations from Nirmala Sitharaman are high

    The budget is expected to revolve around the philosophy of “growth with a human touch”. It could focus on raising farmers’ income, generating jobs for the young, improving healthcare standards, ease of compliance for citizens and business, big infrastructure projects, continued support to MSMEs and a push to make India self-reliant to become a key player in the global supply chain. Read

  • FEB 01, 2021 08:16 AM IST

    Union Budget 2021: What to expect overall

    The budget is likely to boost public health spending in the wake of the Covid-19 pandemic, which highlighted gaps in the country’s health infrastructure. The survey has sought an increase in public health spending to 2.5-3% of GDP from the existing 1%. Full story

  • FEB 01, 2021 08:15 AM IST

    Union Budget: What tax changes you can expect

    The government could increase deductions under section 80 C. Currently, the deduction limit under section 80C of the Income-tax Act, 1961 (Act) for specified tax-saving investments is 1.5 lakh. It is expected that the government might increase this limit up to 2.5 lakh. Full story

  • FEB 01, 2021 08:11 AM IST

    Union Budget 2021: Prioritising growth versus maintaining fiscal prudence

    Investors will keenly watch how Union finance minister Nirmala Sitharaman balances the need to spend big to spur a budding economic recovery amid limited fiscal room as she rises to present the Union budget on Monday.

  • FEB 01, 2021 08:09 AM IST

    Union Budget 2021: 5 number to watch out for

    Revised estimates for 2020-21, fiscal deficit, tax devolution to states, disinvestment plans, welfare spending. Read

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