The key snippets from the Union Budget 2021-22 for upraising COVID hit economy!

Must read

2 min read

Union Finance Minister Nirmala Sitharaman presented the Union Budget for the year 2021-22 and we are here to highlight some of the major pointers that were covered under the Budget for the year. Have a look – 

  1. The Government’s Aatmanirbhar packages totaling Rs 27.1 Lakh Crore to deal with the COVID pandemic will catalyze the structural reform. 
  2. Finance Minister also mentioned the Aatmanirbhar Health Programme with an outlay of Rs 64,180 Crore. This is an addition to the National Health Mission. 
  3. India has two COVID-19 vaccines i.e. Covaxin and Covishield and it is noted that two more will be launched. “I have provided Rs 35,000 Crore for COVID-19 vaccine in this year 2021-22. I’m committed to provide further funds if required. The Budget outlay for health and well being is Rs 2.23 Lakh Crore in 2021-22 as against BE of Rs 94,452 Crore and marks an increase of 137 percent,” FM Sitharaman said while presenting 2021-22 Finance Budget in the Lok Sabha.
  4. Pipelines of GAIL (India) Ltd, Indian Oil Corp (IOC), and HPCL will be monetized, for the year 2021-22.
  5. The much-awaited voluntary vehicle scrapping policy to come in force to phase out old and polluting vehicles from the nation.
  6. The proposal for an increase in the capital expenditure to Rs 5.54 Lakh Crore in the financial year starts from April 1, 2021, which was Rs 4.12 Lakh Crore in the FY 2020-21.
  7. The Centre announced 1 Crore more beneficiaries for the free cooking gas LPG scheme, Ujjwala, and its extension shall help the masses of the nation, especially the people below the poverty line. 
  8. The government also proposed the idea of promotion of digital payments in the country and Rs.1500 Crore to be allotted for the same. “To give a further boost to digital transactions, I earmark Rs 1,500 Crore for a proposed scheme that will provide financial incentive to promote digital mode of payment,” Sitharaman said.
  9. The Finance Minister announced Rs. 18,000 Crore scheme for the augment of public transports in the urban areas.
  10. A record-setting Rs 1, 10,055 Crore is noted to be allocated for Railways, of which Rs 1,07,100 Crore will be under capital expenditure in 2021-22.

Do comment and let us know what you feel about the Budget for the year and what key pointers you feel were of most importance. 


Please enter your comment!
Please enter your name here

Latest article

7th March

History Of The Day – 7th March

INDIA  1911: Birth Of The Noted Hindi Writer And Litterateur Hiranand Sachchidananda Vatsyayan. 1961: Death Anniversary Of Govind Vallabh Pant; He Was The...
Coconut ladoo

Coconut Ladoo, The Best Festive Treat

Coconuts are easily acquired in Southern and eastern states like Bengal and Odisha. Thee sweetness and coarseness of the...
6th March

History Of The Day – 6th March

INDIA 1667- Muhammad Kam Bakhsh Was Born Today In 1667. He Was The Youngest Son Of Emperor Aurangzeb And Was Born...
Harshdeep Kaur

Harshdeep Kaur And Husband Mankeet Welcome Home A Baby Boy | Harshdeep Says, “Our...

It is the good news of a star kid again; it seems like the year is all about happy...

Turmeric: Key Health Benefits For Healthier Body!

Since bygone times, Turmeric is known for its anti-inflammatory properties. It is an active compound in curcumin that is...