A voluntary vehicle scrapping policy to phase out old and unfit vehicles was one of the significant policies introduced by the finance minister. Plans for start-ups and pensioners were in place, too.
Finance minister Nirmala Sitharaman on Monday presented the Union budget for the next financial year where she announced a slew of measures to aid the recovery of the economy battered by the coronavirus disease (Covid-19) package. There was also an eye on the upcoming Assembly elections in four states as the finance minister announced infrastructure projects for Tamil Nadu, Kerala, Assam and West Bengal.
The budget also had good news for senior citizens and affordable housing scheme as she announced tax relaxations for these categories.
Her budget speech in Parliament began at 11 am, in which the finance minister highlighted the difficulties India and other global economies faced due to Covid-19. She quoted Rabindranath Tagore to term the post-Covid world the “dawn of a new era”.
“Faith is the bird that feels the light and sings when the dawn is still dark,” said Sitharaman.
“Now, just it happened after the two world wars, There are signs that the political, economic and strategic relations in the post Covid world are changing. This moment in history is the dawn of a new era. One in which India is well-poised to truly be the land of promise and hope,” she added.
