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Union Budget 2021 Live Updates: FY22 COVID-19 vaccine allocation at Rs 35,000 crore, farm sector Says FM Sitharaman

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by

Pratik Jha
in

Our Finance Minister Nirmala Sitharaman presented the budget in Parliament and FM started presenting the budget of 2021 as soon as the session started in Parliament today on 1st February 2021. Talking about the budget then, the FDI limit of the insurance is increased with 25% and now, it increased up to 74% while before it was at 49%. Also, the government has permitted foreign control in the insurance along with safeguards and along with this, the government start a Securities Market Code in which the Act such as SEBI Act, Govt Sec act, Depositories Act. SEBI which will help for the regulator for gold exchange. The government is planning to develop 2 PSU banks and 1 general insurance company in the coming years and with this, they are planning to created one-person companies which support NCLT system and with this, to gets will be established, e-Courts will be raised and intermittent mechanism of debt analysis will be set up in the coming years.

Union Budget 2021 Live Updates

Union Budget 2021 Live Updates:

 

The trending topic which is happening in the country from the past few months are farmers issue, in which FM said that the government is bound to the benefit of farmers and the MSP regime has encountered a move to ensure the price which is at least 1.5 times higher than the actual cost of production in all the products and along with this, an amount of Rs 75,060 crore will be paid to our farmers which is for wheat appropriation in the year of 2020-21. Also, the FM Nirmala Sitharaman announced about that package of Aatmnirbhar, where she said that in the year of 2020 the PM Garib Kalyan Yojana presented 5 mini-budget.

Expensive Items:

  • Mobile phones and parts of mobile phones, parts of the charger
  • trains
  • electronic equipment
  • imported clothes
  • solar inverter, appliance
  • cotton made of solar.

Cheaper Items:

  • Made of steel accessories
  • gold
  • silver
  • copper storage
  • bags made from leather

Union Budget 2021

After that, on the topic of ‘Sankalp of Aatmanirbhar Bharat’, she said that this is sand on 6 pillars, such as Health & Well-being, Inclusive Development, Human Capital, Innovation and R&D, where she said that, the government is planning to grow in the economic section of India, where they will introduce Aatmanirbhar Swastha Bharat Yojana which carries the amount of Rs 64,180 crore. Overall, the times such as electronic devices, train expense, clothes, solar inverter, and many of items which included this will increase in their price and the items which will cheaper are steel items, gold, silver, copper, and leather items. Stay tuned with us.

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