Budget 2021-22
All eyes are eagerly waiting for the Finance Minister Nirmala Sitharaman to present the budget at 11 am on February 1. This would be FM Sitharaman’s third budget under the National Democratic Alliance (NDA) government led by Prime Minister Narendra Modi. In a historic move, the upcoming budget will be paperless as the Finance Ministry has decided not to print the budget documents amid the pandemic.
Everyone has high hopes from the Union Budget 2021, especially after Coronavirus-induced lockdown led to job loss, pay cut and burdened people and firms with ever-mounting debt. As we are aware the Indian economy was already reeling under the slowdown, the coronavirus blow just made it worse. And, The country has high hopes from the first budget that will come up immediately after a pandemic-induced nationwide lockdown that brought economic activity in the country to a grinding halt forcing the GDP to contract for the very first time in many, many years. Also, a first would be an acute recession that the country stares at and severe unemployment levels that turned from bad to worse post the lockdown. With all segments of the Indian economy eagerly waiting to see if their concerns are addressed in the union budget 2021, the FM has a challenging task on her table.
