Union Budget 2021 Live updates: Budget 2021 is here and Finance Minister Nirmala Sitharaman has a list of new policies, schemes and tax fluctuation. Today she going to present the Union Budget 2021-22 in the Parliament among the top ministers and opposition parties. As we know an Economy of a country lies in the financial management which is made by the top finance ministers of the existing government. It is one of the much important which could decide the financial stability and tax variations. The budget 2021 will include various changes that may benefit you or either not beneficial for you. To know every change in this new upcoming 2021-22 Union Budget stays here with us.
FM Miniter Nirmala Sitharaman: Top Headlines of Union Budget 2021-22 & Live Updates
Another rise in Petrol and Deisel Price: Rs 2.5/liters on petrol and Rs 4 on diesel. It is the all-time hike of custom duty on cotton and raw silk, Cess is a tax for the development of agriculture. Now Petrol and Deisel will achieve the all-time high price and going to break the lifetime record.
FM Minister Nirmala Sitharaman claims Sensex reached 1,600 points and Nifty tops 14,000 and D-street (Dalal Street) Celebrating this financial budget and it was observed that FM Minister bring huge benefits for Traders.
No Fluctuation in Income Tax Slabs: It is the first time when there is no change in the Income-tax slabs. Let see what will happen next.
Nirmala Sitharaman proposes to review More of the 400 old exemptions in customs this year. Custom Duty on cropper scrap cut to 2.5%.
Now Late contributions by employees in PF accounts will no longer be allowed for deduction.
Fiscal policy has been targeted more than the previous year. FM Miniter released the statement that the government plans and set a new target to achieve almost 3 times fiscal deficit this year.
Around Rs 2 Lakh crore spending on Healthcare: This time Government [planned to spend around Rs 2 lakh crore on healthcare with Rs 35,000 crore on Covid-19 vaccine development and implementation.
This was the Nirmala Sitharaman’s third Union Budget under the National Democratic Alliance (NDA) govt. less by PM Narendra Modi. Apart from this, the 2021-22 Union Budget was not printed physically and it was available in digital form only. It is a clear sign to promote Digitalization in India. As per our opinion, it was observed that the Union Budget 2021 is not made for the middle class and will directly benefit to D-Street of India.