Budget Updates: FM announces Rs 18K cr scheme for public transport in urban areas

IN the budget speech,  Finance Minister  announced a Rs 18,000 crore scheme to augment public transport in urban areas.

In the first paperless Union Budget, Nirmala   Sitharaman said there will be 100 per cent electrification of broad gauge rail tracks by December 2023. She also said a record Rs 1,10,055 crore will be provided for railways, of which Rs 1,07,100 crore will be for capital expenditure in 2021-22.

While presenting the Budget, Union finance minister Sitharaman said the total budget outlay for healthcare is 2.23 lakh crore and this is an increase of 137 percent from the last year.

Sitharaman said, under the National Infrastructure Pipeline (NIP),  217 projects worth over Rs one-lakh-crore have been completed The finance minister has proposed Rs 2,217 crore outlay for 42 urban centers to tackle air pollution.

In order to boost the health sector of the country, Sitharaman said the health outlay will be used to establish critical care units and hospital blocks. She announced outlay of Rs 2.87 lakh crore for the Jal Jeevan Mission.

She said Rs 64,180 crore will be invested over 6 years to improve primary, secondary and tertiary healthcare. The finance minister also announced that the total financial impact of all Aatmanirbhar Bharat packages, including measures taken by RBI, was about Rs27.1 lakh crore, which is more than 13 per of the Gross Domestic Product.

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