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Budget 2021 LIVE: Budget is a shot in the arm for Indian economy, says S&P

Budget 2021 LIVE: Finance minister Nirmala Sitharaman in her Union Budget 2021 speech announced a slew of taxation reforms but left personal income tax slab unchanged. Track Budget 2021 highlights

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Budget 2021 | Nirmala Sitharaman | Budget Speech

BS Web Team  | New Delhi 

EVENT HIGHLIGHTS

nirmala sitharaman
Finance Minister Nirmala Sitharaman | Photo: PTI
LIVE updates: Finance Minister presented her third Union Budget in Parliament, which rests on six pillars – health and well-being, physical, financial capital and infrastructure, inclusive development for aspirational India, reinvigorating human capital, innovation and R&D and minimum government and maximum governance. The finance minister has announced a total spend of around Rs 2 trillion on healthcare and mega national highway projects in election-bound states of Tamil Nadu, West Bengal, Assam and Kerala.

Addressing the nation after the Budget presentation, Prime Minister said this year's Budget was prepared under unprecendented circumstances. He said it speaks of 'all-round development'.

"From Covid-related reforms to Atmanirbhar resolve, we moved ahead with this mantra in It's an active and not a reactive budget," he added, congratulating Finance Minister and her team.

The was keenly watched by both domestic and foreign investors, various interest groups like farmers, anxious middle class and corporate entities, besides parliamentarians.

As the Covid-19 pandemic hit India last year, the government witnessed a rising expenditure and tumbling revenue, even as economic activity came to a standstill due to the pandemic-induced lockdown. However, the economy is now in a recovery mode. On Friday, the government tabled the Economic Survey 2020, which pegged India's real GDP growth at 11 per cent in FY22.

Stay tuned for LIVE updates with Business Standard.

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