Lawstreet Journal

Key Takeaways From the Union Budget 2021-22

Lawstreet Journal 1 Feb 2021 11:54pm

Image courtesy: Lawstreet Journal Executive Key Takeaways From the Union Budget 2021-22

Finance Minister Nirmala Sitharaman  presented the Union Budget 2021-22, the third budget in Parliament on February 1, 2021. The Finance Minister started the announcement by mentioning the challenges faced during the pandemic and the vision of the ‘Pradhan Mantri Garib Kalyan Yojana.’ She also mentioned that India has two COVID-19 vaccines made available and two more will be made accessible soon. She reiterated that the government is fully prepared to support the economy's reset.

She marked that budget proposals for this financial year rest on six pillars - health and well-being, physical and financial capital and infrastructure, inclusive development for aspirational India, reinvigorating human capital, innovation and R&D, and 'Minimum Government, Maximum Governance'. 

PROVISIONS INTRODUCED IN THE BUDGET:

HEALTH AND SANITATION:

The minister said that investment on health in this budget has increased     substantially, with a focus on strengthening preventive care, curative and well-being of the population.

  • A new central healthcare scheme has been announced to strengthen the country’s healthcare infrastructure over the next six years- The Pradhan Mantri Atma Nirbhar Swasthya Bharat Yojana. It has been launched to develop primary, secondary and tertiary healthcare. It will operate in addition to the existing National Health Mission and has been allocated around Rs 64,180 crore. The scheme will focus on developing capacities of healthcare systems, develop institutions for detection and cure of new and emerging diseases.
  • She also announced Rs 27 lakh crores in COVID support measures, which amounts to almost 13 per cent of country's GDP, and lauded the success of the Aatmanirbhar Bharat… Continue Reading...

    Tagged: Nirmala Sitharaman  
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