#Union Budget 2021

.New Delhi, Delhi, India
Estimates given out in February end are based on data collected for three quarters. (Photo Credit: Representative Image/Unsplash)

  • India will lose nearly Rs 12 lakh crore in output in 2020-21
  • The year will close with a GDP decline of 8% versus a 4% growth in the previous fiscal 2019-20
  • In Q3, GDP growth has been estimated at 0.4%

.New Delhi, Delhi, India
Finance Minister Niramala Sitharaman addressing members of the Rajya Sabha during her reply to the issues raised by the Opposition on the Union Budget 2021. (Photo Credit: Twitter/@ANI)

  • Finance Minister Niramala Sitharaman said that Opposition leaders create false narratives on the government
  • She said that 800 million people were provided free foodgrains and 80 million people were given free cooking gas
  • Sitharaman said that the Budget is looking at maintaining sustainable economic growth in the medium term

PM Narendra Modi on Thursday inaugurated the centenary celebrations of the historic Chauri Chaura incident. (Photo Credit: Twitter/@ANI)

  • PM Narendra Modi released a postage stamp to mark the beginning of the centenary celebrations
  • In his address, he targeted previous governments over Union Budgets drafted by them
  • Mahatma Gandhi had called off the non-cooperation movement following the Chauri Chaura incident

.New Delhi, Delhi, India
A Nari Shakti Puraskar Awardee and also a former member of the prestigious All India Handloom Board, Jain is credited for the much recent introduction of the world's first 100 percent biodegradable Bamboo Silk Ikkat Textile

  • Finance Minister Nirmala Sitharaman announced the set up of seven mega textile parks under three years in Union Budget 21-22
  • It’s a step to make the country’s textile industry a manufacturing and export hub
  • Jain, one of India's foremost craft revivalists, says such steps are much needed to boost the industry  

India Finance Minister Nirmala Sitharaman (C) arrives at the Parliament to the 2020-21 union Budget, in New Delhi on February 1, 2020. (AFP File Photo)

  • Shiv Sena accused the Centre of setting a new trend of playing 'dirty politics'
  • It also accused the Centre of ignoring Maharshtra
  • Finance Minister Sitharaman presented the 2021-22 Union Budget on Monday

The overall political message from the Budget was outlined by the PM himself soon after Nirmala Sitharaman ended her speech in Parliament. (Photo credit: Twitter/@ANI)

  • The government will maintain a bare minimum presence in only four strategic sectors, as part of the Atmanirbhar package
  • The firms that will be privatised in 2021-22 include Bharat Petroleum Corp Ltd, Air India, Shipping Corporation of India among others
  • Prime Minister Narendra Modi's decision to go ahead with the sale of two public sector banks in the next fiscal is by all means seen as a 'bold decision'

People watch Finance Minister Nirmala Sitharaman presenting Union Budget 2021-21 on Monday. (Photo Credit: PTI)

  • Salaried taxpayers may find the proposal to tax EPF contribution beyond a certain threshold unpleasant
  • Huge health budget includes a one-time allocation for COVID-19 vaccination and allocations for water and sanitation
  • Union Budget 2021-22 has allocated only Rs 73,000 crore for  MGNREGA scheme

.New Delhi, Delhi, India
PM Nirmala Sitharaman addressing post-budget press conference. (Photo Credit: ScreenGrab-YouTube/PIB)

  • The incident happened when Sitharaman was addressing the media after budget presentation
  • A female journalist was reprimanded for asking an extra question during the post-Budget press briefing
  • Why do you say that only to her? You didn't stop the guys," the finance minister said 

.New Delhi, Delhi, India
It was a vengeful act against the thousands of farmers, said Congress leader P Chidambaram in a post-budget press conference. (Photo credit: PTI)

  • The imposition of cess on petrol and diesel is a vengeful act, said Chidambaram
  • P Chidambaram was the finance minister of India during former Prime Minister Manmohan Singh’s tenure
  • Calling the Union Budget 2021 a 'cruel blow', Chidambaram said that the FM deceived Indians

.New Delhi, Delhi, India
PM Narendra Modi addressed the nation after completion of the Union Budget 2021-22. (Photo credit: PTI)

  • Budget 2021 saw major boosts for several sectors, including healthcare, infrastructure and MSME
  • FM Nirmala Sitharaman said during the budget presentation that fiscal deficit reaching 9.5% of GDP indicated money being spent 
  •  Sitharaman further said she will address a post-budget press conference at 3 pm on Monday