Presenting the first Union Budget of the third decade of the twenty-first century, Finance Minister Smt. Nirmala Sitharaman, today unveiled a series of far-reaching reforms, aimed at energizing the Indian economy through a combination of short-term, medium-term, and long-term measures.
Finance Minister Nirmal Sitharaman, in her speech till now has announced a push to the textile industry, a central university in Leh, a focus on sea-weed farming with a new facility in Tamil Nadu and a new vehicle scrapping policy that aims to provide the auto sector a boost among other announcements.
Sitharaman also announced that an additional 1 crore families will now benefit under the Centre’s Ujjwala scheme. Four poll-bound states will see significant spending on its highways.
There is a strong focus on digital covering setting up of fintech hub at gift city, enhancing digital payments and use of AI ML etc in governance – all provide a great platform for digital India. Further, one-person company and relaxing no of days for NRIs will help start-up creation and help in ease of doing business.
Finance Minister introduced portal to collect info on gig-workers, building and construction workers, among others.
Rs 1,500 cr earmarked for scheme to incentivize digital payments FM says modalities worked out for national research foundation; earmarks Rs 50,000 cr over five years.
Govt proposes to amend apprenticeship law to enhance opportunities for youth. Govt also proposes deep ocean mission with outlay of more than Rs 4,000 cr over five years.
Union Budget 2021: Govt will spend 2.38 lakh crore on people's health
Budget Updates: FM announces Rs 18K cr scheme for public transport in urban areas
Union Budget 2021:Finance Minister Nirmala Sitharaman announces the set up of ‘bad banks’