Budget 2021 LIVE: FM arrives at North Block; all eyes on high stakes Budget
Published On: Monday, February 1, 2021 | By: Team KnowMyStock
Finance Minister Nirmala Sitharaman will present her third Union Budget in Parliament at 11 am today. The Budget speech will be keenly watched not only by the domestic and foreign investors but also by various interest groups like farmers, anxious middle class, and corporate entities. As the Covid-19 pandemic hit India last year, the government witnessed a rising expenditure and tumbling revenue, even as at one stage economic activity came to a standstill due to the pandemic-induced lockdown. However, the economy is now in a recovery mode. On Friday,29th January 2021 the government tabled the Economic Survey 2020, which pegged India's real GDP growth at 11 percent in FY22. Meanwhile, the finance minister has promised a 'Budget like never before'.
At the start of the joint session of Parliament on Friday, PM Narendra Modi said the FM had already announced three to four mini budgets and that the 2021-22 Budget should be seen as an extension of the same effort.
While the country awaits FM Sitharaman's Budget presentation, there are some key issues like, economic recovery is still fragile and fiscal interventions are necessary; and there are constraints in the government’s execution capacity.
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