LIVE updates on the Budget 2021-22 presented by the Finance Minister, Nirmala Sitharaman

The Finance Minister of India Ms Nirmala Sitharam, is all set to announce the budget of the financial year 2021-22.

This time the Finance Minister is presenting a completely paperless digital budget. The budget will be offered through the 2021 tablet. The budget is full of expectations. From farmers, workers to general taxpayers and small and big businessmen, everyone's eyes are on the budget. This class, which is badly affected by the Covid-19 epidemic, is expecting relief for itself. In the Budget 2021, the outline of what kind of decisions the Modi government is going to take to speed up the economy slowly recovering from the devastation of the Corona Pandemic.

Budget Updates LIVE:

12:53 PM-The Finance Minister has not made any changes in the income tax slab.

12:52 PM-The Finance Minister will impose a 10 per cent duty on cotton, which is zero now.

12:51 PM-The Finance Minister announced the introduction of Agri Infra Cess on selected products

12:50 PM-Finance Minister announced that custom duty on select auto part was increased to 15 percent

12:49 PM-The Finance Minister announced the reduction of custom duty on gold and silver.

12:49 PM-The duty on FAFTA was reduced to 5 percent. Custom duty on steel product was reduced to 7.5 percent, duty on solar inverter was increased to 20 percent.

12:48 PM-The Finance Minister announced the reduction of duty on copper to 2.5 per cent.

12:46 PM- The Finance Minister announced to increase the custom duty on mobile devices to 2.5 per cent.

12:45 PM- The Finance Minister announced that GST is 4 years old. The GST process will be made easier. Will review the old 400 rules.

12:43 PM-The Finance Minister announced that there will be no deduction on late submission of PF.

12:43 PM-The Finance Minister announced that the capital gains exemption on startup investment has been extended for 1 year.

12:39 PM- The Finance Minister announced to extend the interest exemption deadline for one year on affordable housing.

12:37 PM- The Finance Minister announced that the REIT will be excluded from the dividend TDS of INVIT.

12:35 PM- The Finance Minister announced the formation of the National Faceless Income Tax Appellate Tribunal. The Finance Minister said that a Dispute Resolution Panel will be made for small taxpayers.

12:31 PM- The Finance Minister announced that senior citizens above 75 years of age who have income from pension and deposits will get exemption from ITR filing.

12:26 PM- The Finance Minister said that he will launch a new scheme for the enhancement of public bus transport services at a cost of Rs 18,000 crore.

12:25 PM- The Finance Minister announced the closure of NSSF loan for Food Corporation

12:24 PM- The Finance Minister said that in fiscal year 2022, the fiscal deficit is estimated to be 6.8 percent of GDP. Gross borrowing from the market will be Rs 12 lakh crore. For FY 2025–26, this target has been kept at 4.5 per cent.

12:24PM- The Finance Minister said that in fiscal year 2022, the fiscal deficit is estimated to be 6.8 percent of GDP. For FY 2025–26, this target has been kept at 4.5 per cent.

12:22 PM- The Finance Minister has expressed a presumption of having a fiscal deficit of 9.5 per cent of GDP in FY 2021.

12:21 PM- The Finance Minister announced Rs 1000 crore for tea workers in Assam, Bengal.

12:19 PM- The Finance Minister announced the National Nursing and Midwifery Commission

12:19 PM- This will be the first digital census in the country.

12:18 PM- The Finance Minister announced that Rs 50,000 crore will be spent on the National Research Foundation.

12:18 PM- The Finance Minister announced that 750 Eklavya Residential Schools will be built in tribal areas. Quality will be improved in more than 15 thousand schools. Scholarship scheme will be introduced for Scheduled Castes.

12:16 PM- The Finance Minister announced the incentive scheme to promote digital payments. Will give an incentive of Rs 1500 crore on digital payment.

12:15 PM- During the presentation of the Union Budget, the stock market is looking fiercely. After 6 consecutive days of decline, there is a good shopping in the market today. The Sensex has risen nearly 950 points to cross 47250. At the same time, the Nifty is also trading near 13900 with a rise of 250 points. The market has high expectations from the budget. The budget is being presented at a time when the economy is under pressure due to Corona virus epidemic. The government has made several big announcements in the budget to bring the economy back on track. There is a particular focus on infra and health.

12:14 PM- The Finance Minister announced that a Central University will be formed in Leh, Ladakh.

12:13 PM- The Finance Minister announced that 100 new Sainik Schools will be established. These schools will be opened in association with NGOs, private schools, states.

12:11 PM- Finance Minister announces Rs 15700 crore for MSME sector

12:10 PM- The Finance Minister announced that the One Nation One Ration Card Scheme will be applicable in the remaining states

12:09 PM-  The Finance Minister announced that a portal will be launched for migrant and unorganized workers. This will be for workers' health, housing, skills etc. The minimum wage code will be applicable for workers of every category.

12:08 PM-  The Finance Minister said that the government is working for the interests of farmers. One and a half times MSP was given to farmers for all commodities.

12:06 PM-  The Finance Minister said that the farm credit target for FY 2022 has been kept at Rs 16.5 lakh crore.

12:01 PM-  Disinvestment of Concor, Pawan Hans, Air India will be completed in addition to BPCL in FY 2022.

11:58 AM-  The Finance Minister said that the recommendations of the 15th Finance Commission have been considered to reduce the Centre's scheme.

11:57 AM-  Finance Minister Nirmala Sitharaman has announced Rs 1.1 lakh crore for Indian Railways in Budget 2021.

11:55 AM-  Finance Minister to launch IPO for LIC in FY 2022

11:55 AM-  Disinvestment of two state-run banks and one general insurance company in FY 2022: FM

11:53 AM-  Finance Minister announced that BPCL disinvestment will happen in the next financial year

11:50 AM-  The Finance Minister said that SEBI will be the regulator for the gold exchange.

11:49 AM-  The Finance Minister said that Rs 20,000 crore will be poured into the new financial year for PSB recapitalization.

11:48 AM-  The Finance Minister announced to increase the FDI limit in insurance sector from 49 percent to 74 percent. The Insurance Act 1938 will be amended

11:47 AM-  The Finance Minister said that a permanent institution framework will be created for the corporate bond market. SEBI will be the regulator for the gold exchange. Declaration of Investor Charter.

11:46 AM-  The Finance Minister announced that a scheme of Rs 305984 crore will be brought for the power sector..

11:46 AM- Finance Minister Nirmala Sitharaman announced the launch of the Security Market Code.

11:44 AM- Finance Minister Nirmala Sitharaman has set a target of disinvestment of 1.75 lakh crore for the financial year 2022.

11:44 AM-  Finance Minister announced Hydrogen Energy Mission 2021–22.

11:37 AM- The Finance Minister has proposed a 3500 km corridor in Tamil Nadu. 1100 km of highways will be constructed in Kerala with an investment of 65000 crores, 675 km of highways in West Bengal at a cost of 95,000 crores and 1300 km of highways in Assam in the next three years.

11:34 AM- The Finance Minister said that more than 13 thousand km of roads have been awarded under Bharat Mala Project. 3800 km has been constructed so far. 8500 km of roads will be awarded by March 2022.

11:32 AM- 6 pillars proposed in the budget 2020-21:

1. Health and welfare  2. Physical and financial capital, and infrastructure  3. Inclusive development for aspiring India  4. Communicating new life in human capital.  5. Innovation and R&D  6. Minimum Government and Maximum Governance.

11:31 AM- Urban cleanliness mission to spend Rs 141678 crore in next 5 years: FM

11:30 AM-  20 thousand crores for the Finance Institute

11:26 AM- Mega Investment Textile Park Scheme Launched. Apart from PLI, the Mega Investment Textile Park Scheme will be launched. This will create job opportunities. 7 textile parks to be built in 3 years: FM

11;23 AM- The Finance Minister has announced to increase the health budget from Rs 94 thousand crore to Rs 2.38 lakh crore.

11:22 AM- 35,000 crore announced for vaccination

11:21 AM- Voluntary scrapping policy announced

11:19 AM- 2.87 lakh crore for urban water life

11:16 AM- 64,180 crore health scheme: FM 

11:14 AM- The budget hinges on 6 main pillars 

11:11 AM- Self-sufficient package 13 per cent of GDP. In the Corona era, the government gave a self-sufficient package of 13 percent of GDP. To improve the economy, we have to focus on self-sufficient India. Corona has 2 vaccines currently in the country .: FM

11:08 AM- During the Corona period, the RBI announced a package of 27 lakh crores. If you do not lockdown, then you would have learned more. The government has sent money to the farmers' account. Free ration was distributed to 80 crore people. 5 mini budgets introduced in Corona era: FM

11:06 AM- Budget to make the country self-sufficient- FM

The budget is special because of the Corona crisis. There is a budget to make the country self-sufficient. This budget is coming in very difficult circumstances. Pradhan Mantri Garib Kalyan Yojana Package announced during the epidemic: FM

11: 01 AM- The budget gets the approval of the cabinet

10: 44 AM- The general budget has been approved in the meeting led by PM Modi.

10: 43 AM- Congress MP Gurjit Aujla was seen wearing black clothes in Parliament and protested against the budget.

10:22 AM - PM Narendra Modi and the cabinet reached Parliament to meet.

9: 55 AM- Finance Minister met the President before presenting the budget

8:41 AM- Nirmala Sitharaman reached the finance ministry

8:34 AM- Union Minister of State for Finance Anurag Thakur said that this will be the budget of the expectations of the public.