Budget 2021: Modi govt’s big gift for election states in budget, Bengal-Tamil Nadu and Kerala corridors, read highlights

Prime Minister Narendra-Modi Finance Minister Nirmala Sitaraman
Prime Minister Narendra-Modi Finance Minister Nirmala Sitaraman

Aam Budget 2021: Finance Minister Nirmala Sitharaman is presenting the General Budget 2021 today. Instead of briefcases and bookkeeping, she is offering a budget from the tablet. Slogans are being raised during the Finance Minister‘s speech in Parliament.

The finance minister ( Nirmala Sitharaman) said that this time’s budget is digital. When GDP has been in minus twice in a row, this is what has happened to the global economy.

The year 2021 is a historic year, which the country is eyeing. Even in difficult times, the Modi government is working to double the farmers’ fire and provide assistance to the common people.

Read budget highlights

  • The finance minister ( Nirmala Sitharaman) also said that a number of schemes, including the self-reliant India package, were brought in the corona period to boost the momentum of the economy.
  • A total of Rs 27.1 lakh crore was released in the Self-Reliant India package. It was all the same as the five mini budgets.
  • 2000 crore package to tackle air pollution
    35,000 crore allocated for Covid vaccine this year
    Allocation above Rs 2.23,000 crore for health
  • Finance Minister ( Nirmala Sitharaman) announces Self-Reliant Swachh Bharat Scheme. With this, the Swachh Bharat Mission will also go ahead, with the Amrut scheme being carried forward in cities. Rs 2,87,000 crore was released.
  • The proposal for rs 5.54 lakh crore in capital expenditure and the health budget increased from Rs 94,000 crore to Rs 2.38 lakh crore.
  • The 1,100-km highway will be built in Kerala. The 675 km highway will be built in West Bengal. Rs 19,000 crore highway scheme released in Assam.
  • The National Highway project in Tamil Nadu will be built at a cost of Rs 1.03 lakh crore.
    The National Railway Plan 2030 has been prepared. A total budget of Rs 1.10 lakh crore was given to railways.
  • The government’s rs 3 lakh crore cost scheme for the power sector, which will work to strengthen power infrastructure in the country.

The challenge of lifting the economy

Economists are now largely of the opinion that the country’s economy is going to decline by seven to eight per cent in the financial year 2020-21.

If this happens then it will be one of the worst performers among developing countries. The government has an important role to play in lifting the economy out of the trough.

Now that the epidemic is showing signs of being less contagious and a gradual progress is being made in the vaccination program, it is promoting the hope of a better future.

A sustainable economic revival will require a policy catalyst. That’s where this budget becomes particularly relevant.