Finance Minister Nirmala Sitharaman presented the Union Budget 2021-2022 in the Lok Sabha. For the first time, Ms. Sitharaman presented a paperless Budget. Significant announcements included a slew of hikes in customs duty to benefit Make in India, proposal to disinvest two more PSBs and a general insurance company, and numerous infrastructure pledges to poll-bound States. Fiscal deficit stands at 9.5% of the GDP, and is estimated to be 6.8% in 2021-22. Personal income tax slabs remain as is. Here are some of the key highlights from Union Budget 2021.
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