Union Budget 1 feb 2021 | Nirmala Sitharaman| budget gave a boost to many sectors
Union Budget 1 feb 2021 | Nirmala Sitharaman| budget gave a boost to many sectors Union Budget 1 feb 2021 | Nirmala Sitharaman| budget gave a boost to many sectors This years budget has gave a boost to many sectors mainly health, infrastructure, financial capital, innovation, human capital. Our Finance Minister Nirmala Sitharaman presented today the union budget in the parliament at 11 am. 2021-22 speech FM announced For the finance and economic sector FM announced. The Proposal to increase FDI limit from 49% to 74% . Govt has allowed foreign ownership in insurance with safeguards.Fiscal deficit that stands at 9.5% of the GDP is estimated to be 6.8% in 2021-22. Which is actually higher than 3.5 - 4 % of GDP that was projected in the Budget Estimates . A Unified Securities Market Code to be created, which will include SEBI Act, Govt Sec act, Depositories Act. SEBI will be notified as regulator for a gold exchange. FM announced that the govt i