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Has the Budget ticked all the boxes that India needs to sail through this crisis?
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Did Sitharaman's budget live up to the expectations?
Budget 2021 doubled healthcare spending, made space for infrastructure and laid out a plan for divesting two PSU banks, all aimed to dig an economy out of a pandemic-induced slump. If you go by Sensex's tally today, the Budget seems to have lived up to the hype. What do you think?
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Details on Budget
Nirmala Sitharaman's third Budget doubled spending on healthcare, made space for infrastructure and divestment and lifted caps on foreigners investing in its insurance market to help revive an economy bludgeoned by the coronavirus pandemic. Belying expectations, Sitharaman's Budget did not give any income tax relief or made any changes in tax slabs or rates. There was no Covid tax as well. Senior citizens above 75 years of age with only pension and interest income would not be required to file income tax returns. Dalal Street lauded the Budget with the BSE Sensex gaining over 2,000 points.