Finance Minister Nirmala Sitharaman unveiled Budget 2021 in parliament, announcing that it was prepared in circumstances "like never before" and that the government was fully prepared to back and facilitate a reset of the economy. The Finance Minister announced ₹ 35,000 crore for COVID-19 vaccines this year, announcing that two more vaccines were likely this year, apart from Bharat Biotech's Covaxin and Serum Institute's Covishield. According to her, the total impact of Atmanirbhar Bharat and Covid relief measures was ₹ 27.1 lakh crore, which amounts to 13 per cent of the GDP. The Finance Minister announced ₹ 35,000 crore for COVID-19 vaccines this year, announcing that two more vaccines were likely this year, apart from Bharat Biotech's Covaxin and Serum Institute's Covishield.
Here are the top 5 quotes from Budget 2021:
- The preparation of the budget was undertaken in circumstances like never before
- Only three times has the Budget followed a contraction in the economy. This time, unlike before, the situation is due to a global pandemic.
- The government is committed to the welfare of farmers. The MSP (minimum support price) regime has undergone a sea change to assure price that is at least 1.5 times the cost of production across all commodities.
- The Atmanirbhar Bharat announcements were like five mini budgets themselves.
- Our manufacturing sector has to grow in double digits to achieve a $5 trillion economy.
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