The Union cabinet held a meeting today, ahead of the presentation of the Union Budget in Parliament. The cabinet headed by Prime Minister Narendra Modi approved the budget for the fiscal year starting April 1.
In the budget, Finance Minister is expected to roll out measures to lift the economy from the worst economic slowdown in 11 years which was induced by the Covid-19 pandemic.
Meanwhile, FM and her team met President Ram Nath Kovind on Monday, an hour before presenting her third budget. She was accompanied by her deputy Anurag Thakur and other officials of the finance ministry.
Sitharaman's budget speech started at 11 am with the finance minister beginning it with an address to the Speaker of Lok Sabha. Usually, the duration of the presentation ranges from 90 to 120 minutes.
Finance Minister introduced that Rs 35,000 crore to be allocated for further funds for COVID-19 vaccines. we will provide more for COVID-19 vaccines if required.
Finance Minister Nirmala Sitharaman implements Jal Jeevan Mission with outlay of Rs 2.87 lakh crore to cover houses and to be implemented over five years. Budget 2021 will also launch Mission Poshan 2.0. Besides this, launch of urban 'Swacch Bharat Mission' 2.0 with an outlay of Rs 1.42 lakh crore has been made.
First of six pillars Aatmanirbhar Yojana in addition to the National Health Mission, FM introduced the Aatmanirbhar Health Yojana with an outlay of Rs 64,180 crore over six years. This will strengthen the National Centre for Disease Control. Besides this, the government will also set up 15 Health Emergency Centres.
This is a developing story, more updates will be coming...
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