Finance Minister Mrs Nirmala Sitaraman has just presented Budget 2021. The budget was divided into six pillars, the first being ‘Health and Wellbeing’ illustrating that healthcare is the first focus of the budget. Under this pillar, a total budget of Rs.2.23 lakh crore is allocated for 2021-22.
FM announced that Rs.35,000 crore had been allocated towards COVID-19 vaccine, which is of utmost importance in the present scenario and that more funds will be allocated, if need be, in the future.
Speaking of the COVID-19 vaccines, Mrs Sitaraman stated that India has already approved the use of two vaccines in January 2021—Oxford’s Covishield manufactured by SII and Bharat Biotech’s Covaxin. These vaccines are already in use for restricted groups of people, i.e. 3 crore healthcare and frontline workers. There will be two more vaccines lining up along with them soon.
Further, a new centrally sponsored scheme, PM Aatmanirbhar Swasth Bharat Yojana, was announced at the cost of Rs.64,180 crore. Over a span of six years, the scheme aims to strengthen the primary, secondary, and tertiary healthcare systems’ capacities. It also builds new institutions and boosts the existing institutions to be able to detect and cure any new and emerging diseases in addition to the National Health Mission.
Under the PM Aatmanirbhar Swasth Bharat Yojana, the following proposals were made:
When it comes to the Nutrition section, FM proposed the launch of Mission Poshan 2.0 where the Supplementary Nutrition Programme and the Poshan Abhiyan are merged. The new scheme aims to strengthen the nutritional content, delivery, outreach, and outcome of the individual programmes. An intense strategy will be adopted to improve the nutritional outcomes across 112 aspirational districts.
For any clarifications/feedback on the topic, please contact the writer at apoorva.n@cleartax.in
The systematic investment plan (SIP) contribution in February 2024 has crossed a new milestone. The monthly contribution tipped at Rs…
The Income-Tax (I-T) Department has directed taxpayers to access the Annual Information Statement (AIS) via the e-filing official portal and…
Considering the vagaries of the stock market, investors often ponder over reevaluating their strategies. Whether to continue to remain invested…
Financial planning is beyond just investing wisely to save on taxes; it's also related to protecting oneself and one's loved…
A salaried individual earning up to Rs 5-15 lakh as net salary on an annual basis must first take stock…
Equity-linked savings schemes (ELSS), also referred to as tax-saving schemes, are equity funds that invest a significant portion of their…