Finance Minister Nirmala Sitharaman is going to present a ‘different’ budget of her promise on Monday. This budget is expected to provide relief to the common man suffering from the epidemic. At the same time, more attention is also being paid to pursue economic reforms through increased spending on healthcare infrastructure and defense. Apart from this, farmers can also get a gift in the budget. This is going to be the ninth budget of the Modi government, including an interim budget. This budget is presented at a time when the country is getting out of the Kovid-19 crisis. In such a situation, India has got a vaccine to overcome the corona, but will there be any ‘vaccine’ to overcome the economic crisis?
This time budget is expected to broaden the rules for increasing employment generation and spending on rural development, generous allocation for development schemes, putting more money in the hands of average taxpayers and attracting foreign tax. Has been Sitharaman had replaced the traditional leather briefcase in his first budget in 2019 and introduced budget documents in the form of a ‘ledger’ wrapped in red cloth. He said earlier this month that the budget for the fiscal year starting in April would be in a manner never seen before. Experts want this budget to be in some way that will guide the future and bring back the fastest growing major economy in the world. A budget prepared thoughtfully proves to be a long-running horse in restoring confidence.
This cannot be shifted from the mini budget presented in September 2019 or the reforms announcements made in installments in 2020. In the historic budget of FY 2021-22, the government will face the challenge of providing immediate stimulus to the economy as well as strengthening for the long term and it will be important to see how much balance between Finance Minister Nirmala Sitharaman or not. . The government says that the worst phase of the epidemic has ended and the economy is now back on track. The Economic Survey presented in Parliament last week said that the gross domestic product (GDP) will fall by 7.7 per cent in the current financial year, while the economy will rebound in the next financial year and GDP is expected to grow by 11 per cent. Even if this happens, GDP will only increase by 2.4 percent in two years. The Modi government is known for fearless decisions. Despite increasing indirect tax collections in the last three months, the current fiscal revenue collection is set to decline.