Budget 2021 LIVE Updates: PM Modi to chair all-party meeting on agenda for Budget Session

Budget 2021 LIVE Updates | PM Modi to chair all-party meeting on Saturday, to put forth govt's legislative agenda for Budget Session

Prime Minister Narendra Modi will chair an all-party meeting on Saturday to put forth the government''s legislative agenda for the Budget Session of Parliament.

This time the customary all-party meeting is being held after the beginning of the session. The Budget Session began on Friday with President Ram Nath Kovind addressing the joint sitting of the two Houses of Parliament. Usually such all-party meetings are held ahead of parliamentary sessions to ensure smooth functioning of both the Houses.

During the virtual meeting, opposition parties are likely to demand a debate on the farmers'' agitation underway at various border points of Delhi. (Inputs from PTI)

Budget 2021 LIVE Updates | Shanti Ekambaram, Group President – Consumer Banking, Kotak Mahindra Bank said "Growth will be the central theme around which budget initiatives will revolve. COVID-19 has severely disrupted India’s growth trajectory and getting growth back on track in FY21-22 will be the Finance Minister’s foremost priority."

"Infrastructure investment is key for growth and we are likely to see higher allocations as well as the formation of a Development Finance Institution for infrastructure financing. Given India’s experience during the pandemic, expect a greater thrust towards investments in healthcare infrastructure and insurance incentives are expected as well. Housing and real estate are likely to receive a boost as it aids core economic growth. With the Government needing to raise resources, an aggressive divestment programme is also expected to be announced," Ekambaram said.

Budget 2021 LIVE Updates | "In FY2022, sharp fiscal tightening should be avoided by both the Centre and the state governments, as it would temper the much-awaited economic recovery. In any case, revenue normalisation would ease the fiscal strain in the coming year," Aditi Nayar, Principal Economist, ICRA said on January 21.

Good morning! Hello and welcome to Moneycontrol's LIVE blog on the Union Budget 2021. Stay tuned for the latest news and developments on the same.