Budget 2021: FM Nirmala Sitharaman meets President forward of Union price range presentation

New Delhi: Union Finance Minister Nirmala Sitharaman and her workforce met President Ram Nath Kovind earlier than presenting her third price range on Monday.
She was accompanied by her deputy Anurag Thakur and different officers of the Finance Ministry.
“Finance Minister Nirmala Sitharaman, MoS Finance & Corporate Affairs Anurag Thakur, and senior officials of the Ministry of Finance, called on President Kovind at Rashtrapati Bhavan before presenting the Union Budget 2021-22,” the President tweeted.

Finance Minister @nsitharaman, MoS Finance & Corporate Affairs @ianuragthakur, and senior officers of the Ministry of Finance, referred to as on President Kovind at Rashtrapati Bhavan earlier than presenting the Union Budget 2021-22. pic.twitter.com/FUNptDXnHB
— President of India (@rashtrapatibhvn) February 1, 2021

With the Union Budget 2021-22 set to be delivered in paperless kind for the primary time, Sitharaman changed the Swadeshi ‘bahi khata’ and switched to a pill.
Dressed in a pink and cream color saree, accompanied by Thakur and different officers from her ministry at North Block, the Finance Minister was seen carrying a pill saved inside a pink colored cowl with a golden colored nationwide emblem embossed on it.
For the primary time ever, the Budget might be paperless this 12 months as a consequence of COVID. It might be obtainable for all as a mushy copy, on-line.
A Union Cabinet assembly can also be scheduled at 10:15 am forward of the Budget 2021 which might be offered in a short time from now. The Budget speech will start at round 11 am as we speak with Sitharaman starting it with an handle to the speaker of Lok Sabha. Usually, the length of the presentation ranges from 90 to 120 minutes.

Sitharaman tabled the Economic Survey tabled in Parliament on Friday.The Indian financial system can contract by 7.7 per cent within the present monetary 12 months ending on March 31 and the expansion might be 11 per cent within the subsequent monetary 12 months, in response to the survey.
The contraction in FY21 is principally as a result of coronavirus pandemic and the seen injury attributable to the following countrywide lockdown to comprise it.
The survey unveiled two days earlier than the Union Budget is broadly in keeping with forecasts by the Reserve Bank of India (RBI) which has stated it anticipated the nation’s GDP to contract by 7.5 per cent within the 12 months ending March 31.
The International Monetary Fund (IMF) not too long ago pegged the contraction in India’s financial system at 8 per cent in 2020-21. It expects a progress price of 11.5 per cent in 2021-22 earlier than a decline to six.8 per cent in 2022-23 and that India will regain the tag of the fastest-growing giant financial system on this planet in each years.
In the quarter ended June 2020, the GDP contracted by 23.9 per cent adopted by a milder contraction of seven.5 per cent within the quarter ended September 2020. (ANI)