As India recovers from the COVID-19 pandemic, India Inc and startups hopes from Budget 2021 were clear: resurgence and revival. As expected, this was a Budget like never before, fully focussed on complete economic reset.
Union Finance Minister Nirmala Sitharaman presented her third Budget in the Lok Sabha on Monday, February 1, replacing the Swadeshi ‘bahi khata’ with a tablet as she readied to present India’s first-ever paperless Union Budget.
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In her speech, the Finance Minister laid emphasis on six key pillars which are:
- Health and wellbeing
- Infrastructure
- Inclusive development
- Development of human capital
- R&D
- Minimum government, maximum governance
From announcing bad bank to extending social security benefits to the gig workers, and…