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Union Budget 2021: What Got Costlier, What Got Cheaper

The budget of the country presented in Parliament on 1st February. Explain that Finance Minister Nirmala Sitharaman is presenting Budget 2021-22 (Budget 2021-22) in Parliament through a tab.

Yogita S.

Yogita S.By Yogita S.

Published on 1 Feb 2021 7:23 AM GMT

Union Budget 2021: What Got Costlier, What Got Cheaper
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New Delhi: The country’s general budget presented in Parliament today. For this, the Union Cabinet meeting started in Parliament. This is the first ever paperless budget presented by the Finance Minister Nirmala Sitharaman.

The Finance Minister announced a huge fund of Rs 35,000 crore for the development of the Corona vaccine. This fund will develop the corona vaccine.

Presenting the budget, Nirmala Sitharaman said that today there are two vaccines available in India by which we are protecting the lives of the people of our country.

Lets discuss in the budget for 2021-22, what got cheaper and what got costlier.

Cheaper:

Gold, Silver, Iron, Leather, Steel Products, Insurance

Costlier:

Mobile Phones, Mobile Chargers, Auto Parts, Cotton Cloths, Electronic Goods, Petrol Diesel,

ALSO READ: Reaction of Netizens on Union Budget 2021; Here’s a Meme List

In 2021-22 we would also bring the IPO of LIC for which I am bringing the requisite amendments in this session itself: Finance Minister Nirmala Sitharaman

Along with this, Nirmala Sitharaman has announced Rs 35 thousand crore for the corona vaccine. The Finance Minister said that the health sector budget increased by 137 percent. The Finance Minister has also announced to carry forward the Swachh Bharat Mission. Under this, the Amrit Yojana will be extended in cities.

To further reduce litigation for small taxpayers I propose to constitute a dispute resolution committee which will be faceless to ensure efficiency, transparency. Anyone with a taxable income up to Rs 50 Lakhs & disputed income up to Rs 10 Lakhs eligible to approach committee: FM

The Budget proposals for 2021-12 rest on six pillars —health & well-being, physical & financial capital & infrastructure, inclusive development for aspirational India, reinvigorating human capital, innovation & R&D, Minimum Govt & Maximum Governance: FM Nirmala Sitharaman

ALSO READ: Reaction of Netizens on Union Budget 2021; Here’s a Meme List

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Yogita S.

Yogita S.

Media Graduate, News Editor and PR Enthusiast.

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