BUDGET 2021: Union Finance Minister Nirmala Sitharaman to present Budget 2021 in Parliament on February 1, 2021. Ahead of the presentation of the Budget, Economic Survey 2021 was tabled in Parliament yesterday. It predicted that India is reaping the ‘lockdown dividend’ from the preventive measures it adopted at the onset of the COVID-19 pandemic.Also Read - Capital Expenditure, Reduction in GST: 10 Things India’s Middle Class Expects From Budget 2022

The document prepared by Chief Economic Adviser (CEA) KV Subramanian stated that the country is witnessing a V-shaped recovery with a stable macroeconomic situation aided by a stable currency, comfortable current account, burgeoning forex reserves, and encouraging signs in the manufacturing sector output, despite the hard-hitting economic shock created by the pandemic. Also Read - Stable Policy, Credit Guarantee: What Renewable Energy Sector Expects From Budget 2022

Stay tuned to India.com for all the LIVE updates on the expectations from Modi government, Finance Minister Nirmala Sitharaman and Budget 2021-22:- Also Read - Budget 2022: From Briefcase To Bahi-Khata, Here Are Interesting Facts That You Should Know

Live Updates

  • 10:06 AM IST

    Budget 2021 Expectations LIVE: Middle-class expects the government to extend some tax benefits as a part of the Centre’s plan to boost the economy and review growth and demand. Sources said that this year’s Budget may have sops announced earlier under the Atmanirbhar Bharat package to help people in their fight against the Covid-19 pandemic.

  • 9:44 AM IST

    Budget 2021 Expectations LIVE: Industry bodies have also demanded a further widening of the definition of affordable housing. Confederation of Real Estate Developers’ Associations of India (CREDAI) has suggested that unit with carpet area as defined under RERA may be redefined as ‘that does not exceed 90 square metre in the metros and 120 square metre elsewhere’. Currently, residential units in metro cities with 60 square m

  • 9:04 AM IST

    Budget 2021 Expectations LIVE: Realtors expect more measures in the upcoming budget to boost demand in the real estate sector. A major demand of the developers has been to remove the ban on subvention scheme for home loans. The National Real Estate Development Council (NAREDCO) in its recommendations to the Finance Minister Nirmala Sitharaman noted that the ban is not in favour of home buyers as a large proportion of them do not have the capacity to pay both EMIs on their home loans as well as house rents.

  • 8:09 AM IST

    Budget 2021 Expectations LIVE: The Shopping Centres Association of India (SCAI) has sought financial waivers, a loan moratorium for the sector along with easing of income tax norms in the upcoming Union Budget. In its budget recommendations, the industry body has also sought restructuring of GST norms to strengthen the retail and shopping centre industry.

  • 7:19 AM IST
    BUDGET 2021 Expectations LIVE: Experts say the government may consider announcing a loan waiver scheme to appease farmers across the country. The rationale behind this is that when the government announces a loan waiver, debt-burdened farmers get relief, and farmers’ confidence in the government increases.
  • 7:19 AM IST

    BUDGET 2021 Expectations LIVE: Amid the debate about new farm laws, the Modi government could consider addressing a few crucial issues that affect farmers across the country in the forthcoming Union budget.