The Union Budget 2021 was presented on 1st February 2021 by the Finance Minister, Nirmala Sitharaman. With this year’s budget, the Central Government aimed to announce a reform in taxation. A majority of the attention has also been banked with the healthcare sector wherein a massive amount of Rs.35,000 crore has been sanctioned for COVID-19 vaccine development. Before the announcement of the budget, the Finance Minister promised that this budget will be like no other.
The key highlights of the Union Budget 2021 are mentioned in the table below
Category | Highlights |
---|---|
Taxes |
|
Indirect Taxes |
|
Government Reforms |
|
MSMEs and Industries |
|
Migrant Workers |
|
Energy |
|
Custom duty |
|
Industry |
|
Healthcare |
|
Infrastructure |
|
Agriculture |
|
Urban Development |
|
Education |
|
The key highlights of the Union Budget 2020 are mentioned in the table below
Category | Highlights |
---|---|
Taxes |
|
Manufacturing |
|
Subsidy |
|
Power sector |
|
Highways and airports |
|
Custom duty |
|
Infra sector |
|
Excise Duty |
|
For senior citizens |
|
For SC, ST, and other backward classes |
|
Healthcare |
|
MSME Sector |
|
Connection |
|
Swachh Bharat Mission |
|
Railways |
|
Agriculture |
|
Education |
|
FAQ's On Union Budget
- What is the total capital expenditure of India for 2021-22 as per the Union Budget 2021?
- What amount has been allocated for the Ministry of Defence in Budget 2021?
- What amount has been allocated for the Ministry of Railways in Budget 2021?
- What is the budget which has been allocated for the Ministry of Consumer Affairs, Food, and Public Distribution?
- What is the budget which has been allocated for the Ministry of Agriculture and Farmers’ Welfare?
The total capital expenditure of India for 2021-22 as per the Union Budget 2021 is Rs.5,540 crore.
A total amount of Rs.4,78,196 crore has been allocated for the Ministry of Defence in the Budget for FY 2021-22.
A total amount of Rs.1,10,055 crore has been allocated for the Ministry of Railways in the Budget for FY 2021-22.
A total amount of Rs.2,56,948 crore has been allocated for the Ministry of Consumer Affairs, Food, and Public Distribution in the Budget for FY 2021-22.
A total amount of Rs.1,31,531 crore has been allocated for the Ministry of Agriculture and Farmers’ Welfare in the Budget for FY 2021-22.
Union Budget Other Pages
- Union Budget Agriculture Sector
- Union Budget Analysis
- Union Budget Appropriation Bill
- Union Budget Auto Industry
- Union Budget Defence Sector
- Union Budget Energy Sector
- Union Budget Expenditure
- Union Budget Finance Bill
- Union Budget Financial Sector
- Union Budget Fiscal Situation
- Union Budget Logistics Sector
- Union Budget Maternity Benefit Schemes
- Union Budget On Infrastructure
- Union Budget Poor Underprivilege Health Care
- Union Budget Receipts