Image Source : PTI/INDIA TV Finance Minister Nirmala Sitharaman will current the Union Budget 2021-2022.
The Union Budget 2021-22 shall be introduced by Finance Minister Nirmala Sitharaman on February 1 (Monday). It would be the first price range presentation amid the pandemic. The price range session of the Parliament will nonetheless start on January 29, when the financial survey 2020-2021 can even be tabled.
When and the place to look at Budget 2021-2022 LIVE
People can watch Budget 2021-2022 LIVE on India TV. The price range presentation can even be streamed LIVE on India TV YoutTube channel, Twitter and Facebook deal with.
ALSO READ | Economic Survey 2020-21: When and the place to look at LIVE telecast
The forthcoming Union Budget ought to focus extra on placing the financial system again on observe and never an excessive amount of on arresting fiscal deficit, which is seen at 6.
2 per cent in 2021-22, down from 7 per cent this yr, in keeping with a report.
The Union Budget 2020-21 had estimated fiscal deficit at Rs 7.96 lakh crore or 3.5 per cent of GDP however India Ratings sees it printing in at Rs 13.44 lakh crore or 7 per cent if the federal government cleared its payables and roll over some portion of expenditure to 2021-22.
However, the 2021-22 price range is more likely to venture a fiscal deficit of 6.2 per cent however that shall be achievable if nominal progress is available in round 14 per cent and actual progress prints in at 9.5-10 per cent, India Ratings Chief Economist Devendra Pant stated within the report.
The report pegged progress at 9.6 per cent for 2021-22 and (-)7.8 per cent for the present monetary yr 2020-21.
The authorities adopted a lose fiscal coverage as a result of coronavirus pandemic and introduced a variety of coverage measures below Atmanirbhar Bharat packages to help the financial system.
(With inputs from PTI)
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