Live Budget 2021 highlights: Relief for senior citizens, LIC IPO, boost for infra
The Finance Minister in the budget has proposed increasing the FDI limit in the insurance sector from 49% to 74% in the budget 2021-22.
Finance Minister Nirmala Sitharaman on Monday proposed a sharp increase in expenditure on infrastructure, doubling of healthcare spending and raising of the cap on foreign investment in insurance in her Budget for the next fiscal in a bid to pull the economy out of the trough.
The Budget for the fiscal year beginning April made no changes in personal or corporate tax rates but raised customs duties on certain auto parts, mobile phone components and solar panels in order to provide impetus to domestic manufacturing.
Catch minute by minute updates of the speech here.
Published: February 1, 2021, 18:15 IST
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