Union Budget 2021 Reactions Live: Union Budget 2021 invoked a strong reaction from members of the Congress party who slammed Sitharaman’s budgetary address to be oblivious of economic decline in the country. Asserting that the Union Budget was a “let down like never before”, the Congress on Monday claimed that it will unravel soon, and described the imposition of cess on petrol and diesel in the budget as a “vengeful act” against the thousands of farmers who took out the tractor rally. The opposition party said it was a case of “wrong diagnosis and prescription”, and that Finance Minister Nirmala Sitharaman could have been “brave” by extending help to the poor, but chose to be “timid”.
Congress leader Rahul Gandhi highlighted sectors that the government “must” focus on in their Budget, including the MSME sector. Gandhi also urged on the need to generate employment for the farmers and workers in the country and increase expenditure in the healthcare and defence sectors.
Shortly after it was presented in the parliament, Union Defence Minister Rajnath Singh hailed Budget 2021 as the budget for an AtmaNirbhar Bharat that will strengthen the economy.
Finance Minister Nirmala Sitharaman introduced tax reforms including scrapping income tax for senior citizens under in the Union Budget 2021. Sitharaman also extended social security benefits to platform and gig workers. As part of a newly launched Aaatmanirbhar Swasth Bharat Yojana, Sitharaman allotted Rs 35,000 crore for coronavirus vaccines in the country. A budget of 2 lakh crore was allocated for the healthcare sector.
As it happens, we will bring to you the reactions and responses surrounding this year’s budget. After an estimated 7.7 per cent contraction in 2020-21, the Finance Ministry’s Economic Survey projects that India’s real GDP would record a growth of 11 per cent in 2021-22.