Current AffairsIndia

Budget 2021 based on six pillars to strengthen India: FM

New Delhi: Union Budget 2021-22 is based on six pillars from health to governance, Union Finance Minister Nirmala Sitharaman on Monday said while presenting the Budget in the Lok Sabha.

The main pillars she listed were health and well-being, physical, financial capital and infrastructure, inclusive development for aspirational India, reinvigorating human capital, innovation and research and development and minimum government and maximum governance.

Sitharaman said over 2.33 lakh crore will be outlaid for the health sector and Rs 35,000 cr will be spent on COVID vaccines.

India has two COVID-19 vaccines and two more will be soon launched, she said.

Sitharaman said that a new centrally sponsored scheme PM Aatmanirbhar Swasth Bharat Yojana will be launched with an outlay of Rs 64,180 crore over six years to develop capacities of health care systems, develop institutions for detection and cure of new and emerging disease.

This is the first Budget to be presented in the ongoing Covid-19 pandemic which has created havoc both on health and wealth. All sectors of the economy have been severely affected by the pandemic and looking for relief.

It is also the third consecutive Budget to be presented by Sitharaman. Her maiden Budget presentation was in July 2019 when she was appointed as the Union Finance Minister after the National Democratic Alliance government led by Prime Minister Narendra Modi won the Lok Sabha elections in May 2019 for the second time.

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