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LIVE: India took various steps to offset Covid impact, FM tells World Bank

The finance ministry on Friday kicked off the exercise to prepare the annual Budget for 2021-22 amid the urgency to push economic growth hit by the Covid-19 pandemic. Stay tuned for LIVE updates:

Budget, Nirmala Sitharaman, FM, bAHI Khata, finance ministry
Finance Minister Nirmala Sitharaman with MOS Finance Anurag Thakur leaving for Rashtrapati Bhawan along with full Budget Team to present Union Budget 2020-21 in New Delhi on Saturday/PHOTO-DALIP KUMAR

The finance ministry on Friday kicked off the exercise to prepare the annual Budget for 2021-22 amid the urgency to push economic growth hit by the Covid-19 pandemic. The upcoming Budget will be crucial for the country as it will have to deal with impact of pandemic which has affected all segments of the economy, including revenue collection, disinvestment, expenditure, exports and food prices. The economy is projected to contract by a massive 10.3 per cent this year, according to an IMF forecast. Even the Reserve Bank of India expects the economy to shrink by 9.5 per cent ...