Question
Download Solution PDFWhich of the following Budget is India's first Paperless Budget Presentation?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Budget 2021-2022.
Key Points
- The Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman presented the Union Budget 2021-22 in Parliament on February 1, 2021, which is the first budget of this new decade and also a digital one in the backdrop of the unprecedented COVID-19 crisis.
- Minister stated that Budget proposals will further strengthen the Sankalp of Nation First, Doubling Farmer’s Income, Strong Infrastructure, Healthy India, Good Governance, Opportunities for youth, Education for All, Women Empowerment, and Inclusive Development among others.
- This is the First Paperless Budget in India.
Additional Information
- The Budget proposals for 2021-22 rest on 6 pillars:
- Health and Well-being
- Physical & Financial Capital, and Infrastructure
- Inclusive Development for Aspirational India
- Reinvigorating Human Capital
- Innovation and R&D
- Minimum Government and Maximum Governance
- There is a substantial increase in investment in Health Infrastructure and the Budget outlay for Health and well-being is Rs. 2,23,846 crore in BE 2021-22 as against this year’s BE of Rs. 94,452 crore, an increase of 137 percent.
- No changes in personal income tax slabs and a slew of hikes in customs duty to benefit Make in India, the Budget speech focussed on the Centre's Atmanirbhar Bharat vision.
- Most money spent sectors in this budget are Health and Infrastructure.
- This is the 91st Budget of India.
Last updated on Jul 15, 2025
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