Advertisement

Updated February 2nd, 2021 at 09:58 IST

'Budget 2021 an extension of Aatmanirbhar & RBI's economic package': Ravi Shankar Prasad

Ravi Shankar Prasad said that Union Budget 2021 should be seen as an extension of the Centre's Aatmanirbhar and the RBI's economic package of Rs 27 lakh crore.

Reported by: Astha Singh
Union Budget
| Image:self
Advertisement

On Monday, Union Minister Ravi Shankar Prasad said that Union Budget 2021 should be seen as an extension of the Centre's Atmanirbhar and the Reserve Bank of India's economic package of Rs 27 lakh crore. He also added that this year's budget will uplift the country's economy and generate employment.

"Budget should be seen as an extension of Centre's Atmanirbhar and RBI's economic package of Rs 27 lakh crores. Companies like Apple under Production Linked Incentive of Rs 1,97,000 crores will be able to manufacture mobiles. This will generate employment," he said.

READ | Budget 2021 FULL Speech & Text: Finance Minister Sitharaman Presents 1st Paperless Budget

Union Finance Minister Nirmala had announced that 7 Textile Parks will be established over 3 years. A scheme of Mega Investment Textiles Parks (MITRA) will be launched in addition to the PLI scheme, creating globally competitive, attract large investments and boost employment generation. This will create world-class infrastructure with plug and play facilities to enable create global champions in exports.   

"Seven textile parks will be developed in the country. Emphasis will be laid on asset monetisation. More economic corridors will be built across the country to further augment road Infrastructure," she added.

READ | Union Budget 2021: Here's What's Going To Be Cheaper And What's Going To Be Costlier

6 pillars of the Budget Proposal

Finance Minister Nirmala Sitharaman on Monday presented the first-ever paperless budget in a post-COVID India and based it on six pillars 

  • First Pillar: Health and Well-Being
  • Second Pillar: Physical and Financial capital and infrastructure
  • Third Pillar: Inclusive Development for Aspirational India
  • Fourth Pillar: Reinvigorating Human Capital
  • Fifth Pillar: Innovation and R&D
  • Sixth Pillar: Minimum Govt., Maximum Governance

READ | Budget 2021: From 6 Pillars To Direct & Indirect Tax, Everything FM Sitharaman Announced

PM Modi Hails 'all-round' Budget 2021

Hours after Finance Minister Nirmala Sitharaman presented the Union Budget 2020-2021 in the Lok Sabha on Monday, Prime Minister Narendra Modi addressed the nation. He said the budget has been presented amid unprecedented circumstances and it shows India's confidence and will instil self-confidence in the world. Rarely do we get to see such a budget which attracts such positive responses in just one to two hours, the Prime Minister said. 

READ | Tech & R&D A Pillar Of Budget 2021: Mega Deep Ocean & Translation Missions; Space Boost

(With ANI Inputs)

Advertisement

Published February 2nd, 2021 at 09:58 IST

Your Voice. Now Direct.

Send us your views, we’ll publish them. This section is moderated.

Advertisement
Advertisement

Trending Quicks

Advertisement
Advertisement
Advertisement
Whatsapp logo