Updated: Feb 23
Hey friends, thanks for dropping by again!
A quick little back story: I know I am hella late for writing a brief review about the budget 2021, but lately I was caught up in a lot of college mess, finally getting time to write neatly what I had written on my rough notes.
So, the budget 2021, to me I believe it was one of the most anticipated budget of all time, due to everyone expecting huge offerings for them because of how Covid-19 nearly destroyed the economy. And honestly, it surely lived up to the hype. So, what was in it for you? Let's find out.
FUN FACT: If you had invested in the right stocks just before budget, I am sure you would have piled up good money just like I did on my infra stocks.
What's the first thing you noticed minutes before budget was going to be announced?
For me it was that the Finance Minster, Mrs. Nirmala Sitharaman was holding a tablet instead of a normal papers to present the budget. This followed with a lot of stress on the word "digitization" through out the budget.
(Picture Courtesy: YourStory)
The headline on the Business Standard read "Nirmala Sitharaman replaces Swadeshi bahi khata with a tablet"
Anyway, moving on, the focus of the budget was on the economic revival.
The major things which we can relate to, included:
Government announced that the spendings on healthcare will be increased by 135% to Rs. 2.2 lakh crore, from which Rs. 35,000 crore will be spent on vaccines only. Other than that a new scheme will be launched which will go by the name of PM Atmanirbhar Swasth Bharat Yojana, in which Rs, 64,000 crore will be spent over the course of 6years to improve the public health systems across the country.
Note: The spendings will be done over 6years, and not for this financial year only.