<p>Presented amid the Covid-19 pandemic, Union Budget 2021 gave a healing touch to the health sector by providing over Rs 2.22 lakh crore for health and wellness, which is 137% more than the last year’s allocation and also gave a big push to the infrastructure sector through a sharp increase in capital expenditures aimed at reconstructing the pandemic-ravaged economy and providing jobs.<br /><br />Finance Minister Nirmala Sitharaman made two bold Budget announcements, which included lining up two Public Sector Banks for disinvestment and putting up one state-owned insurance company for sale. The Foreign Direct Investment limit in insurance was also increased to 74% from the current 49% in the Budget.</p>.<p><strong>Watch the webinar live here: </strong></p>.<p>Sitharaman said the pandemic-hit economy would be given a required push even at the cost of a 9.5% increase in the Budget deficit in 2020-21 from 4.6% of the GDP in 2019-20. She said the government would finance its expenses through borrowings, selling of shares in public sector companies, privatisation and asset monetisation.<br /><br />Economists said that her Budget would give a boost to private consumption, which is needed to kickstart the recession-hit economy. However, states such as Kerala, Tamil Nadu and West Bengal, which are going to the polls, got big allocations for highway projects.<br /><br />Her Budget proposals were based on 'Six Pillars' and included health, physical and financial capital. She promised to extend social security benefits to gig and platform workers.<br /><br /><strong>Panellists:<br /><br />1. Anupam Manur,</strong> Assistant Professor, Takshashila University<br /><br /><strong>2. A Murali,</strong> Vice President, Toyota Tsusho India<br /><br /><strong>3. Mrin Agarwal,</strong> Founder of Finsafe India Private Limited<br /><br /><strong>4. Mohan R Lavi,</strong> Tax expert<br /><br /><em><strong><a href="http://bit.ly/DHsparks" target="_blank">Join us on February 1, 2021 at 2:30 PM as we decode the Union Budget with our panel of experts. CLICK HERE TO REGISTER</a></strong></em><br /><br /> </p>
<p>Presented amid the Covid-19 pandemic, Union Budget 2021 gave a healing touch to the health sector by providing over Rs 2.22 lakh crore for health and wellness, which is 137% more than the last year’s allocation and also gave a big push to the infrastructure sector through a sharp increase in capital expenditures aimed at reconstructing the pandemic-ravaged economy and providing jobs.<br /><br />Finance Minister Nirmala Sitharaman made two bold Budget announcements, which included lining up two Public Sector Banks for disinvestment and putting up one state-owned insurance company for sale. The Foreign Direct Investment limit in insurance was also increased to 74% from the current 49% in the Budget.</p>.<p><strong>Watch the webinar live here: </strong></p>.<p>Sitharaman said the pandemic-hit economy would be given a required push even at the cost of a 9.5% increase in the Budget deficit in 2020-21 from 4.6% of the GDP in 2019-20. She said the government would finance its expenses through borrowings, selling of shares in public sector companies, privatisation and asset monetisation.<br /><br />Economists said that her Budget would give a boost to private consumption, which is needed to kickstart the recession-hit economy. However, states such as Kerala, Tamil Nadu and West Bengal, which are going to the polls, got big allocations for highway projects.<br /><br />Her Budget proposals were based on 'Six Pillars' and included health, physical and financial capital. She promised to extend social security benefits to gig and platform workers.<br /><br /><strong>Panellists:<br /><br />1. Anupam Manur,</strong> Assistant Professor, Takshashila University<br /><br /><strong>2. A Murali,</strong> Vice President, Toyota Tsusho India<br /><br /><strong>3. Mrin Agarwal,</strong> Founder of Finsafe India Private Limited<br /><br /><strong>4. Mohan R Lavi,</strong> Tax expert<br /><br /><em><strong><a href="http://bit.ly/DHsparks" target="_blank">Join us on February 1, 2021 at 2:30 PM as we decode the Union Budget with our panel of experts. CLICK HERE TO REGISTER</a></strong></em><br /><br /> </p>