Union Budget 2021: Here is what will be dearer and cheaper now

The finance minister also said the budget stands on six pillars—health and wellness, physical and financial capital and infrastructure, inclusive development for aspiring India, To infuse new life into human capital, innovation and R&D, and minimum government and maximum governance.

FILE PHOTO: Woman looks at a gold necklace at a jewellery showroom during Dhanteras, a Hindu festival associated with Lakshmi, the goddess of wealth, amidst the spread of COVID-19 in Kolkata, India, November 13, 2020. REUTERS/Rupak De Chowdhuri/File Photo(REUTERS)

Finance minister Nirmala Sitharaman on Monday presented the Union Budget for the fiscal year of 2021-2020. This year, the budget was aimed at boosting the economy which is reeling under the devastating impact of the coronavirus lockdown. “This budget provided every opportunity for the economy to capture the pace it needs for sustainable growth,” said the finance minister as she tabled the government’s financial statement of the year.

The finance minister also said the budget stands on six pillars—health and wellness, physical and financial capital and infrastructure, inclusive development for aspiring India, To infuse new life into human capital, innovation and R&D, and minimum government and maximum governance.

India boosted its healthcare spending by 137 per cent in a budget unveiled on Monday and lifted caps on foreigners investing in its vast insurance market to help revive an economy that suffered its deepest recorded slump as a result of the pandemic. Delivering her budget statement to Parliament, Sitharaman projected a fiscal deficit of 6.8 per cent of gross domestic product for 2021-22.

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