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Yay or nay? Rate the Budget

By THE REDIFF MONEY DESK
February 01, 2021 17:26 IST
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Making the Narendra Modi government’s intentions clear on how it plans to revive the Indian economy in a post-Covid world, Finance Minister Nirmala Sitharaman presented a fiscally expansionary budget on February 1.

IMAGE: Nirmala Sitharaman with the Made-in-India tab using which she presented the Union Budget 2020-21, February 1, 2021. Photograph: R Raveendran/ANI Photo

Stating that fighting the Covid-19 pandemic remains the Centre’s biggest priority, Sitharaman also rolled out a Rs 2.46 lakh crore healthcare budget for FY22, with Rs 35,000 crore earmarked for the Covid-19 vaccine programme. There was also a big infra push.

 

While there were no big tax announcements, the finance minister announced a reprieve for pensioners who are 75-plus, who will no longer be required to file tax returns. The government also introduced a new agri cess.

Sitharaman said the Budget was prepared in circumstances like never before and that the government was fully prepared to back and facilitate a reset of the economy.

Does this Budget deserve cheers or boos? You decide

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