Budget 2021-22 LIVE Updates: FM to present Budget through a 'Made-in-India' tab

Union Budget 2021 Live Updates: The Budget unveiling will start with a speech from Finance Minister Nirmala Sitharaman scheduled to take place at 11 am. FM has promised a budget like no other this year.

Budget 2021 LIVE: Prime Minister Narendra Modi-led govt will present its most closely watched Budget 2021 today. The Budget 2021 has been tasked to get India back on track as the world’s fastest-growing major economy by boosting spending on job-creation and rural development while fighting back the coronavirus.

Sitharaman is expected to make a generous allocation for development, put more money in the hands of the average taxpayer to boost consumption and ease rules to attract foreign investments.

Sitharaman said that the Budget 2021 would be 'unlike anything seen so far.' Finance Minister Nirmala Sitharaman will present the budget at 11 am in New Delhi

Budget 2021 LIVE updates

• Sensex gains 400 points ahead of Budget 2021 presentation.
• After replacing the budget briefcase with a Bahi Khata in 2019, this time the FM will present the Budget through a Made-in-India tab.
• FM Nirmala Sitharaman, MoS Finance Anurag Thakur and the team have left North Block. FM was seen carrying a 'Bahi Khata'. In all probability, it has a tablet in it.
• Budget will be in accordance with people's expectations. Govt which functions on mantra of 'Sabka Saath, Sabka Vikas, Sabka Vishwas' gave new direction to India by announcing Aatmanirbhar package, protecting it from pandemic & bringing economy back on track swiftly: Anurag Thakur, MoS Finance
• Finance Minister Nirmala Sitharaman arrives at the Ministry of Finance.
• Union Budget 2021 can also be downloaded from the Government of India's official website www.indiabudget.gov.in after the Budget will be tabled in the Parliament.
• All tax experts were of the view that there some deductions that would be available for medical expenses that many families had to bear due to covid-19. This could be done under Section 80D.
• Nirmala Sitharaman is likely to increase spending by more than 15% year-on-year in 2021-22 with an emphasis on infrastructure and healthcare.
• Citigroup expects a 19% year-on-year growth in gross tax revenue next year, with healthier goods and services tax revenue helping boost overall collection. It expects GST to average ₹1.15 lakh a month next fiscal -- translating into nearly ₹14 lakh in total for the year.
• The Union Cabinet will hold a meeting at 10:15 am before the presentation.
• Ahead of her third Budget presentation, the Finance Minister and her team will meet President Ram Nath Kovind, and will likely be accompanied by her deputy Anurag Thakur and other officials of the Finance Ministry.
• Finance Minister had launched the "Union Budget Mobile App" for hassle-free access of Budget documents by Members of Parliament (MPs) and the general public using the simplest form of digital convenience.
• Sitharaman in her first budget in 2019 replaced leather briefcase that had been for decades used for carrying budget documents with a traditional red cloth 'bahi-khata'.
• If history is a guide, the recent rough ride for Indian stocks will continue after Monday’s budget. Read how Sensex faces Budget hurdle with history as a guide.
• The stock market tanked almost 40% in March 2020 and bounced back to achieve new all-time high milestones. With that said, investors will be keenly awaiting the budget and the impact it may have on the investment decisions. Here are few expectations retail investors have from Budget 2021.
• Tax experts expect the government to fix some anomalies in the NPS or National Pension Scheme with regard to income tax benefits. Here are five changes to income tax rules that could be announced in Budget 2021.