Referring to the steps taken by the government during the Kovid-19 epidemic, the Finance Minister said that when the developed economies of the world were struggling with this epidemic, we had found a way out of it.
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Dismissed the allegations
Sitharaman dismissed the allegations of ‘selling family valuables’ for immediate expenditure and said that the government has a clear policy on disinvestment. This has happened for the first time when the government is spending taxpayers’ money thoughtfully.
He said that today 20 institutions of the size of State Bank of India are needed for India’s aspirations and development needs. He said that the idea of Development Finance Institute (DFI) came from the experience of IDBI. He clarified that there will be only one DFI run by the government and the private sector will play a role in this. Referring to the improvement in the economy, Sitharaman said that Goods and Services Tax (GST) collection has increased during the last three months.
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Funds will be given when needed
Finance Minister Nirmala Sitharaman has proposed Rs 35,000 crore for the vaccination against corona virus in the budget of 2021-22. Presenting the budget for the next financial year in the Lok Sabha, he said, “I have provided Rs 35,000 crore for the Kovid-19 vaccine. I am committed to provide further funds if needed. In 2021-22, the health budget is Rs 2.23 lakh crore and it has been increased by 137 percent. “The world’s largest vaccination campaign against Kovid-19 started in India on 16 January.