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> The government has to borrow Tk 2 lakh crore from the market.
> Special project for tea workers in Assam and West Bengal. 1 billion rupees allocated for this.
> Mononnayan 15 thousand schools
> Multiple proposals in the budget for the development of education. A central university will be established in Leh.
> 15.6 billion rupees for small and medium industries.
> 40 billion rupees in rural infrastructure.
> The finance minister has allocated more than 1 lakh 82 thousand crore for farmers to buy their crops.
> Opposition protests the agriculture bill amid the Finance Minister’s announcement on agriculture in the budget.
> Emphasis on strategic allocation in the budget. LIC is ready to step foot in the stock market in the next financial year. They will leave the IPO.
> National Railways Plan prepared with 2030 in mind.
> Financial assistance of Rs 20 billion to state banks.
> Measures to control the burden of bad debts in the banking sector.
> In the case of insurance, the door was further opened to foreign investment.
> Special initiative in the budget to get the attention of investors.
> Proposals for multiple legislative reforms in stock exchange reform.
> The goal in the budget is to deliver tubeless cooking gas to Jammu and Kashmir.
> Rs 25 billion has been allocated for multiple road projects in Bengal. Of this, 25 billion rupees has been allocated to West Bengal: Nirmala Sitharaman
> The goal of complete electrification of wide gauge lines is set.
> Upgrading the rail system by 2030. In addition to the joint partnership at Fred Corridor.
> Railways will take various measures, including LHB racks on tourist routes, to ensure passenger safety: Union Minister of Finance
> Nirmala Sitharaman’s proposal to allocate Tk 1.10 lakh crore to the railway sector in the budget
> Union Finance Minister announces 16 billion rupee budget for public transport buses
> 85 km National Highway in West Bengal, including the development of the Kolkata-Siliguri National Highway.
> Tk 25,000 crore for the development of roads.
> Budget allocation of Rs 5.54 million lakh for the capital sector.
> Emphasis on the development of rail and port infrastructure.
> Launch of the Transparent Urban India Mission 2.00. The assignment is from Tk. 1.41.6 crore. This money will be spent in the next 5 years.
> Particular attention will be paid to a transparent and healthy India: Minister of Finance
> Mission Nutrition 2.0, Water Life Mission (Urban): Minister of Finance
> 42 centers will be installed in cities with a population of more than one million to prevent air pollution. Rs 2,217 million Tk allocation: Union Finance Minister
> Nirmala Sitharaman announces PM health plan on budget
> A budget plan for the development of the textile sector is announced.
> 35 thousand crore allocated for the covid vaccine.
> In the budget, Nirmala Sitharaman announced the Prime Minister’s Health Plan
> A project has been started to cancel old cars to avoid environmental pollution.
> Special projects have been carried out to deliver purified drinking water.
> The Union Finance Minister emphasizes improving the public health infrastructure.
> The budget has emphasized health. The announcement was made by the Union Minister of Finance.
> Four pillars of this budget, health, human resources, innovation and research, infrastructure: Minister of Finance of the Union
> Kurnish Nirmala Sitharaman credits the Indian cricket team’s victory on Australian soil during the budget presentation.
> Nirmala quoted Rabindranath Tagore in her budget speech.
> The Union Finance Minister has highlighted the measures taken by the government to keep the economy afloat from the effects of Kovid. A detailed discussion of the steps taken in a self-sufficient India.
> Sitaraman presents the budget in the Made in India tab.
> At the beginning of the budget, the Union Finance Minister told Kornish the coroners.
> Opening of Parliament. Nirmala presented the budget.
> Nirmala Sitharaman will start presenting the budget in a while.
> Parliamentarians in Congress protest against the agriculture bill.
> Lok Sabha President Om Birla came to Parliament.
> Hema Malini came to Parliament.
> The cabinet meeting in Parliament begins.
> Amit Shah and other central leaders came to parliament.
> Finance Minister Nirmala Sitharaman called the president before presenting the budget.
> The Minister of Finance of the Union arrives at Parliament.
> The Minister of Finance, Nirmala Sitharaman, and the Minister of State, Anurag Tagore, on their way to Parliament from the Ministry of Finance.
> The Minister of State for Finance of the Union, Anurag Tagore, arrived at the Ministry of Finance.
> The budget will meet the expectations of ordinary people, Anurag Tagore commented.
The economic context in which Nirmala Sitharaman is preparing the budget for 2021-22 has never been the same in the last 100 years. With the GDP contracting in the first two quarters of the current fiscal year due to the overdose and Covid lockdown, we are literally in the grip of an economic recession, which has never happened before in history.
In the April-June quarter, the country’s GDP contracted to a four-decade high of 23.9%, but in the next quarter, the contraction is expected to slow to 7.5%, but the economy is expected to of the country to shrink 7.8% for the full fiscal year, an economic survey said on Friday. Despite the Union Finance Minister’s claim that a total of Tk 29,7,641 crore (15% of GDP) has been delivered in multiple phases during the Covid period, the Economic Study estimates that the GDP contraction will be in 2020-21.
There is no doubt that boosting the economy will be a priority in the finance minister’s budget today. However, the biggest challenge is securing the huge amount of money that will be required to do so.
Problems abound: government revenues have plummeted, fiscal deficits have risen, job losses have risen, unemployment has risen, worker wages have fallen, demand for 100-day jobs has risen, Millions of businesses have been forced to stop jumping, resurrected bank defaults, victims of epilepsy and lockdown.
