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India has expressed its "deep concern" in the aftermath of the coup in Myanmar by the military in the country. The country's leader Aung San Suu Kyi has been detained in the coup with one year state of emergency being declared.

The ministry of external affairs in its release said that it has "noted the developments" in Myanmar, reminding that New Delhi has "always been steadfast in its support to the process of democratic transition in Myanmar." The statement said, "We believe that the rule of law and the democratic process must be upheld."

Also read:&nbsp;<a href="https://www.wionews.com/south-asia/military-takes-control-in-myanmar-aung-san-suu-kyi-senior-leaders-detained-360484">Military takes control in Myanmar; Aung San Suu Kyi, senior leaders detained</a>

Myanmar's military seized power on Monday in a coup against the democratically elected government of Nobel laureate Aung San Suu Kyi, who was detained along with other leaders of her National League for Democracy (NLD) party in early morning raids.

While India has said it is "monitoring the situation closely", more and more countries have reacted to the development. While Australian PM has called the development "disturbing", US secretary of state Antony Blinken expressed "grave concern", calling the military to "reverse these actions".

India and Myanmar have close ties with a number of engagements. Last year in a significant visit, India's foreign secretary Harsh Shringla and Army chief MM Naravane visited the country. Amid the pandemic, India has sent 1.5 million doses of made in India covid vaccines.

India has expressed its "deep concern" in the aftermath of the coup in Myanmar by the military in the country. The country's leader Aung San Suu Kyi has been detained in the coup with one year state of emergency being declared.

India has expressed its "deep concern" in the aftermath of the coup in Myanmar by the military in the country. The country's leader Aung San Suu Kyi has been detained in the coup with one year state of emergency being declared. The ministry of external affairs in its release said that it has "noted the developments" in Myanmar, reminding that New Delhi has "always been steadfast in its support to the process of democratic transition in Myanmar." The statement said, "We believe that the rule of law and the democratic process must be upheld." Also read: Military takes control in Myanmar; Aung San Suu Kyi, senior leaders detained Myanmar's military seized power on Monday in a coup against the democratically elected government of Nobel laureate Aung San Suu Kyi, who was detained along with other leaders of her National League for Democracy (NLD) party in early morning raids. While India has said it is "monitoring the situation closely", more and more countries have reacted to the development. While Australian PM has called the development "disturbing", US secretary of state Antony Blinken expressed "grave concern", calling the military to "reverse these actions". India and Myanmar have close ties with a number of engagements. Last year in a significant visit, India's foreign secretary Harsh Shringla and Army chief MM Naravane visited the country. Amid the pandemic, India has sent 1.5 million doses of made in India covid vaccines.

Myanmar coup: India says democratic process must be held

India has called for early implementation of the 2019 trilateral pact for the development of Eastern Container Terminal (ECT) of the Colombo port even as Sri Lanka is seen as dragging its feet in the backdrop of local protests. Local media reported that on Monday evening, the Sri Lankan cabinet unanimously approved to operate the East Terminal of the Colombo port 100% by the Sri Lanka Port Authority (SLPA).

A spokesperson of the High Commission in Colombo in response to WION question "reiterate the expectation of Government of India for expeditious implementation of the trilateral Memorandum of Cooperation (MOC) signed in May 2019 among the Governments of India, Japan and Sri Lanka for the development of ECT with participation from these three countries."

Pointing out to the "commitment of Government of Sri Lanka in this regard has been conveyed several times in the recent past, including at the leadership level... All sides should continue to abide by the existing understandings and commitment."

India, Japan and Sri Lanka signed the Memorandum of Intent for a trilateral arrangement for the project under the former Maithripala Sirisena-Ranil Wickremesinghe govt. Under the arrangement, a Sri Lankan govt PSU - Sri Lankan Port Authority will hold majority share with the remaining share being held between Japanese and Indian entities.

The Indian reaction comes even as Sri Lankan Prime Minister Mahinda Rajapaksa assured the local worker's trade union that the terminal will not be sold or leased to any foreign entity. In a tweet, he said, that the Lankan Ports Authority will maintain control of the ECT and the Sri Lankan govt "adheres strictly to its policy of retaining assets belonging to the govt". In fact, Sri Lanka cabinet three months ago took the decision to implement the project with foreign investors.

India has called for early implementation of the 2019 trilateral pact for the development of Eastern Container Terminal (ECT) of the Colombo port even as Sri Lanka is seen as dragging its feet in the backdrop of local protests.

India has called for early implementation of the 2019 trilateral pact for the development of Eastern Container Terminal (ECT) of the Colombo port even as Sri Lanka is seen as dragging its feet in the backdrop of local protests. Local media reported that on Monday evening, the Sri Lankan cabinet unanimously approved to operate the East Terminal of the Colombo port 100% by the Sri Lanka Port Authority (SLPA). A spokesperson of the High Commission in Colombo in response to WION question "reiterate the expectation of Government of India for expeditious implementation of the trilateral Memorandum of Cooperation (MOC) signed in May 2019 among the Governments of India, Japan and Sri Lanka for the development of ECT with participation from these three countries." Pointing out to the "commitment of Government of Sri Lanka in this regard has been conveyed several times in the recent past, including at the leadership level... All sides should continue to abide by the existing understandings and commitment." India, Japan and Sri Lanka signed the Memorandum of Intent for a trilateral arrangement for the project under the former Maithripala Sirisena-Ranil Wickremesinghe govt. Under the arrangement, a Sri Lankan govt PSU - Sri Lankan Port Authority will hold majority share with the remaining share being held between Japanese and Indian entities. The Indian reaction comes even as Sri Lankan Prime Minister Mahinda Rajapaksa assured the local worker's trade union that the terminal will not be sold or leased to any foreign entity. In a tweet, he said, that the Lankan Ports Authority will maintain control of the ECT and the Sri Lankan govt "adheres strictly to its policy of retaining assets belonging to the govt". In fact, Sri Lanka cabinet three months ago took the decision to implement the project with foreign investors.

India calls for implementation of Eastern Container Terminal Pact by Sri Lanka

The Finance Minister Nirmala Sitharaman’s announcement to increase the Foreign Direct Investment (FDI) limit for the insurance sector is a welcome move.

Budget 2021: Increase in FDI limit in insurance sector a welcome move

Nine landmark budgets and their impact on Republic of India

Indian Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget 2021 in Lok Sabha on February 1 at 11 AM.

Indian FM Nirmala Sitharaman to present Union Budget 2021 today

On being asked to BBC former senior journalist Andrew Whitehead over gigantic allocation to healthcare sector in this budget, he says 'It's a good and important step, but we have to remember two things; firstly it would be India's spending over healthcare that is still very low as compared to many nations with 10% of their GDP, Secondly, allocation of 35,000 crores to Covid vaccine could be a radical turning point as far as India's health sector is concerned'.

Budget 2021: Rs 35,000 crore allotted for Covid-19 vaccines

Indian Prime Minister Narendra Modi has assured Israeli PM Benjamin Netanyahu on the safety of Israeli diplomats in the aftermath of a blast near its mission in Delhi. The blast took place on Friday evening near the Israeli embassy in the high-profile area of Delhi even as beating retreat was underway just 20 minutes away from the site.

Condemning the "terror attack" near the Israeli embassy, PM Modi "assured" Prime Minister Netanyahu that India "accords the highest importance to the safety and security of Israeli diplomats and premises", and would "deploy all its resources to find and punish the perpetrators", the Indian readout said. &nbsp;

The Israeli PM thanked Indian government for its efforts to "safeguard Israeli representatives in the aftermath of the terrorist event" near the Israeli Embassy in India, the Israeli readout highlighted.&nbsp;

Both leaders during the talks expressed satisfaction about the close coordination between Indian and Israeli security agencies in this context. The minor blast resulted in little damage and no casualties were reported. A letter was recovered after the incident that mentioned the assassination of 2 high profile Iranians, &nbsp;Major general Qassam Soleimani and nuclear scientist Mohsin Fakhrizadeh. Local authorities in Delhi are probing all angles.

The Israeli readout said that PM Modi noted "that his country is committed to the security of our people" and added, "that India would continue to cooperate with Israel in the fight against terrorism.".&nbsp;

During the talks, both leaders also spoke on COVID cooperation. Indian PM congratulated Prime Minister Netanyahu on the successful vaccines operation in Israel and both discussed possible cooperation in the production and supply of vaccines to Israel. Mutual recognition of certificates of vaccination was also discussed during the talks.&nbsp;

Hours after the blast on Friday, foreign ministers and national security advisors of India and Israel spoke to each other.

Indian Prime Minister Narendra Modi has assured Israeli PM Benjamin Netanyahu on the safety of Israeli diplomats in the aftermath of a blast near its mission in Delhi.

Indian Prime Minister Narendra Modi has assured Israeli PM Benjamin Netanyahu on the safety of Israeli diplomats in the aftermath of a blast near its mission in Delhi. The blast took place on Friday evening near the Israeli embassy in the high-profile area of Delhi even as beating retreat was underway just 20 minutes away from the site. Condemning the "terror attack" near the Israeli embassy, PM Modi "assured" Prime Minister Netanyahu that India "accords the highest importance to the safety and security of Israeli diplomats and premises", and would "deploy all its resources to find and punish the perpetrators", the Indian readout said. The Israeli PM thanked Indian government for its efforts to "safeguard Israeli representatives in the aftermath of the terrorist event" near the Israeli Embassy in India, the Israeli readout highlighted. Both leaders during the talks expressed satisfaction about the close coordination between Indian and Israeli security agencies in this context. The minor blast resulted in little damage and no casualties were reported. A letter was recovered after the incident that mentioned the assassination of 2 high profile Iranians, Major general Qassam Soleimani and nuclear scientist Mohsin Fakhrizadeh. Local authorities in Delhi are probing all angles. The Israeli readout said that PM Modi noted "that his country is committed to the security of our people" and added, "that India would continue to cooperate with Israel in the fight against terrorism.". During the talks, both leaders also spoke on COVID cooperation. Indian PM congratulated Prime Minister Netanyahu on the successful vaccines operation in Israel and both discussed possible cooperation in the production and supply of vaccines to Israel. Mutual recognition of certificates of vaccination was also discussed during the talks. Hours after the blast on Friday, foreign ministers and national security advisors of India and Israel spoke to each other.

PM Modi assures Israel PM Netanyahu on safety of Israeli diplomats in India

'Odisha’s Paradip and four other port cities in the country will be developed as fishing harbours and fish landing centres', announces Finance Minister Nirmala Sitharman in union budget 2021.

Budget 2021: 5 fishing ports to be developed into special economic hubs

Finance Minister Nirmala Sitharaman on Monday said the free cooking gas LPG scheme Ujjwala will be extended to one crore more beneficiaries.

Budget 2021: 'Ujjwala scheme to be extended to 1Cr more beneficiaries' announces FM Sitharaman

Dr. Harsh Vardhan lauded the Union Budget 2021 that included a ‘remarkable’ 137% increase for health and wellbeing sector.

Budget 2021: Healthcare sector sees highest ever allocation, increased by 137%

Finance Minister Nirmala Sitharaman announced a tax filing waiver for senior citizens during the tabling of Union Budget 2021 in the Lok Sabha.

Budget 2021: No ITR filing for senior citizens aged 75 years and above earning only pension

Prime Minister Narendra Modi today commended the Union Budget, saying even as it was presented amid unprecedented circumstances

'Focus on this budget was on transparency', says PM Modi in post budget address

Finance Minister Nirmala Sitharaman on Monday unveiled Union Budget 2021-22 that aims to shore up the Indian economy post coronavirus pandemic. In this video, discuss major hits and misses from the Union Budget 2021.

Major hits and misses from the Union Budget 2021

Finance Minister Nirmala Sitharaman on Monday unveiled Union Budget 2021-22 that aims to shore up the Indian economy post coronavirus pandemic.

Key highlights and takeaways from the Union Budget 2021

Finance Minister Nirmala Sitharaman on Monday unveiled India's budget for 2021-22 with focus on regaining momentum in the aftermath of COVID-19 pandemic.

The proposals in the budget are signified by six facets - health and well being, physical and financial capital and infrastructure, inclusive development for the reinvigoration of human capital, innovation (research and development), minimum government and maximum governance.

After the budget was unveiled, reactions poured in from all over the country. Take a look

Prime Minister Narendra Modi reacted to the budget, calling it "One of rare Budget speeches that elicited so many positive reactions from experts within 1-1.5 hours: PM", as quoted by Press Trust of India.

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India's Prime Minister <a href="https://twitter.com/narendramodi?ref_src=twsrc%5Etfw">@narendramodi</a> in an address to the nation said the <a href="https://twitter.com/hashtag/Budget?src=hash&amp;ref_src=twsrc%5Etfw">#Budget</a> was presented amid unprecedented circumstances<a href="https://twitter.com/hashtag/Budget2021?src=hash&amp;ref_src=twsrc%5Etfw">#Budget2021</a> <a href="https://t.co/w1ecZCdPz4">https://t.co/w1ecZCdPz4</a>
— WION (@WIONews) <a href="https://twitter.com/WIONews/status/1356178969058394114?ref_src=twsrc%5Etfw">February 1, 2021</a></blockquote>
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&nbsp;

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This was one of rare Budget speeches that elicited so many positive reactions from experts within 1-1.5 hours: PM
— Press Trust of India (@PTI_News) <a href="https://twitter.com/PTI_News/status/1356182925952249859?ref_src=twsrc%5Etfw">February 1, 2021</a></blockquote>
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The Chief Minister of Uttar Pradesh - Yogi Adityanath expressed his take on the budget in Hindi, and wrote the following - "Undoubtedly, this budget will prove to meet the financial expectations of all Indians".

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कोरोना के कारण जब वैश्विक अर्थव्यवस्था संकट का सामना कर रही है, उस संक्रमण काल में ऐतिहासिक, व्यावहारिक और विकासोन्मुखी बजट के लिए माननीय वित्तमंत्री श्रीमती <a href="https://twitter.com/nsitharaman?ref_src=twsrc%5Etfw">@nsitharaman</a> जी का हार्दिक अभिनंदन। 
निःसंदेह यह बजट समस्त भारतीयों की वित्तीय अपेक्षाओं को पूर्ण करने वाला साबित होगा।
— Yogi Adityanath (@myogiadityanath) <a href="https://twitter.com/myogiadityanath/status/1356146154698919936?ref_src=twsrc%5Etfw">February 1, 2021</a></blockquote>
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NITI Aayog's CEO, Amitabh Kant was quoted as saying the following by news agency ANI - "Superb Budget. It'll not only accelerate us in pre-COVID period recovery stage but also provide a direction for 3-4 yrs. Govt focussed on infrastructure &amp; asset monetisation this time... Shows Govt's thinking that it's essential to involve the private sector in long run".

Adar Poonawalla, the CEO and owner of Serum Institute of India praised the budget, especially in terms of healthcare and vaccines. Read below

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Great <a href="https://twitter.com/hashtag/Budget2021?src=hash&amp;ref_src=twsrc%5Etfw">#Budget2021</a> announcements, <a href="https://twitter.com/nsitharaman?ref_src=twsrc%5Etfw">@nsitharaman</a> Ji, especially on healthcare and vaccines; this is the best investment any country can make. A healthier India is a more productive India.
— Adar Poonawalla (@adarpoonawalla) <a href="https://twitter.com/adarpoonawalla/status/1356166804465324034?ref_src=twsrc%5Etfw">February 1, 2021</a></blockquote>
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India's Health Minister Harsh Vardhan also lauded the budget on Twitter. "The increase in the budget for the health sector will definitely strengthen health services", he wrote. Take a look

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<a href="https://twitter.com/hashtag/Budget2021?src=hash&amp;ref_src=twsrc%5Etfw">#Budget2021</a> में स्वास्थ्य क्षेत्र पर विशेष फोकस रखने के लिए PM श्री <a href="https://twitter.com/narendramodi?ref_src=twsrc%5Etfw">@narendramodi</a> जी व वित्त मंत्री श्रीमती <a href="https://twitter.com/nsitharaman?ref_src=twsrc%5Etfw">@nsitharaman</a> जी का आभार। यह <a href="https://twitter.com/hashtag/AatmanirbharBharatKaBudget?src=hash&amp;ref_src=twsrc%5Etfw">#AatmanirbharBharatKaBudget</a> है। स्वास्थ्य क्षेत्र के लिए बजट में की गयी वृद्धि से निश्चित रूप से स्वास्थ्य सेवाएं और सुदृढ़ होंगी।<a href="https://twitter.com/PMOIndia?ref_src=twsrc%5Etfw">@PMOIndia</a> <a href="https://t.co/bJNxFwDpBA">https://t.co/bJNxFwDpBA</a>
— Dr Harsh Vardhan (@drharshvardhan) <a href="https://twitter.com/drharshvardhan/status/1356169756106125317?ref_src=twsrc%5Etfw">February 1, 2021</a></blockquote>
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On the other hand, politicians from opposition parties were not so optimistic. Derek O'Brien had this to say:

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India’s first paperless budget is also a 100% visionless budget.Theme of the fake budget is Sell India! 
 
Railways:sold 
Airports:sold 
Ports: sold 
Insurance: sold 
PSUs:23 sold! 
 
Common people ignored. Farmers ignored. 
 
Rich get richer,nothing for middle class,poor get poorer (1/3)
— Derek O'Brien | ডেরেক ও'ব্রায়েন (@derekobrienmp) <a href="https://twitter.com/derekobrienmp/status/1356149047094964226?ref_src=twsrc%5Etfw">February 1, 2021</a></blockquote>
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Shashi Tharoor from the Indian National Congress had this to say:&nbsp;

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This BJP government reminds me of the garage mechanic who told his client, “I couldn’t fix your brakes, so I made your horn louder.” <a href="https://twitter.com/hashtag/Budget2021?src=hash&amp;ref_src=twsrc%5Etfw">#Budget2021</a>
— Shashi Tharoor (@ShashiTharoor) <a href="https://twitter.com/ShashiTharoor/status/1356142111976898561?ref_src=twsrc%5Etfw">February 1, 2021</a></blockquote>
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&nbsp;

Finance Minister Nirmala Sitharaman on Monday unveiled India's budget for 2021-22 with focus on regaining momentum in the aftermath of COVID-19 pandemic. The proposals in the budget are signified by six facets - health and well being, physical and financial capital and infrastructure, inclusive development for the reinvigoration of human capital, innovation (research and development), minimum government and maximum governance.

Finance Minister Nirmala Sitharaman on Monday unveiled India's budget for 2021-22 with focus on regaining momentum in the aftermath of COVID-19 pandemic. The proposals in the budget are signified by six facets - health and well being, physical and financial capital and infrastructure, inclusive development for the reinvigoration of human capital, innovation (research and development), minimum government and maximum governance. After the budget was unveiled, reactions poured in from all over the country. Take a look Prime Minister Narendra Modi reacted to the budget, calling it "One of rare Budget speeches that elicited so many positive reactions from experts within 1-1.5 hours: PM", as quoted by Press Trust of India. India's Prime Minister @narendramodi in an address to the nation said the #Budget was presented amid unprecedented circumstances#Budget2021 https://t.co/w1ecZCdPz4 — WION (@WIONews) February 1, 2021 × This was one of rare Budget speeches that elicited so many positive reactions from experts within 1-1.5 hours: PM — Press Trust of India (@PTI_News) February 1, 2021 × The Chief Minister of Uttar Pradesh - Yogi Adityanath expressed his take on the budget in Hindi, and wrote the following - "Undoubtedly, this budget will prove to meet the financial expectations of all Indians". कोरोना के कारण जब वैश्विक अर्थव्यवस्था संकट का सामना कर रही है, उस संक्रमण काल में ऐतिहासिक, व्यावहारिक और विकासोन्मुखी बजट के लिए माननीय वित्तमंत्री श्रीमती @nsitharaman जी का हार्दिक अभिनंदन। निःसंदेह यह बजट समस्त भारतीयों की वित्तीय अपेक्षाओं को पूर्ण करने वाला साबित होगा। — Yogi Adityanath (@myogiadityanath) February 1, 2021 × NITI Aayog's CEO, Amitabh Kant was quoted as saying the following by news agency ANI - "Superb Budget. It'll not only accelerate us in pre-COVID period recovery stage but also provide a direction for 3-4 yrs. Govt focussed on infrastructure & asset monetisation this time... Shows Govt's thinking that it's essential to involve the private sector in long run". Adar Poonawalla, the CEO and owner of Serum Institute of India praised the budget, especially in terms of healthcare and vaccines. Read below Great #Budget2021 announcements, @nsitharaman Ji, especially on healthcare and vaccines; this is the best investment any country can make. A healthier India is a more productive India. — Adar Poonawalla (@adarpoonawalla) February 1, 2021 × India's Health Minister Harsh Vardhan also lauded the budget on Twitter. "The increase in the budget for the health sector will definitely strengthen health services", he wrote. Take a look #Budget2021 में स्वास्थ्य क्षेत्र पर विशेष फोकस रखने के लिए PM श्री @narendramodi जी व वित्त मंत्री श्रीमती @nsitharaman जी का आभार। यह #AatmanirbharBharatKaBudget है। स्वास्थ्य क्षेत्र के लिए बजट में की गयी वृद्धि से निश्चित रूप से स्वास्थ्य सेवाएं और सुदृढ़ होंगी।@PMOIndia https://t.co/bJNxFwDpBA — Dr Harsh Vardhan (@drharshvardhan) February 1, 2021 × On the other hand, politicians from opposition parties were not so optimistic. Derek O'Brien had this to say: India’s first paperless budget is also a 100% visionless budget.Theme of the fake budget is Sell India! Railways:sold Airports:sold Ports: sold Insurance: sold PSUs:23 sold! Common people ignored. Farmers ignored. Rich get richer,nothing for middle class,poor get poorer (1/3) — Derek O'Brien | ডেরেক ও'ব্রায়েন (@derekobrienmp) February 1, 2021 × Shashi Tharoor from the Indian National Congress had this to say: This BJP government reminds me of the garage mechanic who told his client, “I couldn’t fix your brakes, so I made your horn louder.” #Budget2021 — Shashi Tharoor (@ShashiTharoor) February 1, 2021 ×

Reactions pour in after India unveils Budget 2021

Finance Minister Nirmala Sitharaman said that "National Education Policy got a good reception. Over 15,000 schools to be qualitatively strengthened under National Education Policy."

Indian Finance Minister: Over 15,000 schools to be qualitatively strengthened under NEP

Indian Finance Minister Nirmala Sitharaman presented the Union Budget 2021 in Lok Sabha today. FM Sitharaman announced the budget for Minimum Government, Maximum Governance.

FM Sitharaman announces budget for Minimum Government, Maximum Governance

Finance Minister Nirmala Sitharaman on Monday&nbsp;unveiled <a href="https://www.wionews.com/topics/budget">Union Budget 2021-22</a>&nbsp;that aims to shore up the Indian economy post coronavirus pandemic.

The Union Budget 2021-22 proposals rest on six pillars: Health and well-being, physical and financial capital and infrastructure, inclusive development for aspirational India reinvigorating human capital, innovation and R&amp;D, minimum government and maximum governance.

Also read:&nbsp;<a href="https://www.wionews.com/business-economy/union-budget-2021-key-highlights-of-physical-financial-capital-and-infrastructure-reforms-introduced-360565" hreflang="en">Union Budget 2021: Key highlights of physical, financial capital and infrastructure reforms introduced</a>

The economy is projected to contract 7.7 per cent&nbsp;in the current fiscal year, although the government forecasts growth of 11 per cent&nbsp;for the coming fiscal year, after a massive COVID-19 vaccination drive and a rebound in consumer demand and investments.

However, after a steep drop in the first two quarters, the Indian economy is seen to be recovering with positive GDP growth in the last two quarters.&nbsp;

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These are the highlights from Sitharaman's fiscal 2021-22 budget speech:

Deficit

* 2020/21 fiscal deficit seen at 9.5 per cent&nbsp;of GDP

* 2021/22 fiscal deficit seen at 6.8&nbsp;per cent&nbsp;of GDP

* 2025/26 fiscal deficit target set at 4.5&nbsp;per cent&nbsp;of GDP

Expenditure

* 2020/21 revised expenditure 4.39 trillion rupees ($60.14 billion)

* 2020/21 capital expenditure estimated at 5.54 trillion rupees ($75.90 billion)

* 2021/22 gross expenditure seen at 34.83 trillion rupees ($477.16 billion) in 2021/22

* To provide more than 2 trillion rupees ($27.40 billion)for states and autonomous bodies

Borrowing

*&nbsp;India&nbsp;says will need 800 billion rupees ($10.96 billion) in next two months from bond market

* 2021/22 gross market borrowing seen at 12 trillion rupees ($164.40 billion)

Healthcare

*&nbsp;India&nbsp;to allocate 2.2 trillion rupees ($30.20 billion) for healthcare in 2021/22

* Sitharaman says expect two or more COVID-19 vaccines soon

*&nbsp;India&nbsp;to launch new federal health scheme with outlay of around 641 billion rupees ($8.80 billion) over the next six years

* To allocate 350 billion rupees ($4.81 billion) for COVID-19 vaccines, and allocate more funds if needed.

Finance

*&nbsp;India&nbsp;to introduce bill for development financial institution with capital of 200 billion rupees ($2.74 billion)

* To infuse 200 billion rupees ($2.74 billion) for recapitalization of state-run banks in FY2022

*&nbsp;India&nbsp;to consolidate certain SEBI regulations for Securities Market Code

* To relax FDI cap for insurance sector to 74 per cent&nbsp;from 49&nbsp;per cent

* Set up asset reconstruction company to take over toxic assets

* To cut money market requirement to 15&nbsp;per cent&nbsp;from 25&nbsp;per cent

* To allocate 15 billion rupees ($205.50 million) for scheme to incentivise use of digital payments

*&nbsp;India&nbsp;to incentivise incorporation of one-person companies

Taxation

* Proposes exemption to senior citizens for filing income tax returns

* Proposes changes in personal income taxes for non-resident&nbsp;Indian

* To set up dispute resolution panel for small taxpayers

Divestment

*&nbsp;India&nbsp;sets 2021/22 divestment target at 1.75 trillion rupees ($23.97 billion)

*&nbsp;India&nbsp;to divest two public sector banks and one general insurance company

*&nbsp;India&nbsp;to launch IPO of Life Insurance Corporation

*&nbsp;India&nbsp;to announce policy for privatisation of state-run companies

* To create new list of companies for divestment

*&nbsp;India&nbsp;to introduce new mechanism for privatisation of loss-running state-run companies

* To monetise surplus lands of public sector entities

Infrastructure

* To allocate 2.87 trillion rupees ($39.40 billion) for clean water supplies over the next five years

* To allocate 3 trillion rupees ($41.10 billion) for power sector for next five years

* To provide 10 billion rupees ($137.01 million)to Solar Energy Corporation of&nbsp;India

* Sitharaman says will move to end power distribution company monopolies

* To double ship recycling capacity by 2024

*&nbsp;India&nbsp;to monetise infrastructure assets

Transport

* Allocates 1.18 trillion rupees ($16.17 billion) for ministry of roads and highways

* Allocates 1.1 trillion rupees ($15.07 billion) for railways

* Railways to monetise freight corridors

*&nbsp;India&nbsp;to launch new vehicle scrapping policy

* Proposes tax holiday for aircraft leasing firms in&nbsp;India

Agriculture

*&nbsp;India&nbsp;allocates an estimated 1.7 trillion rupees ($23.29 billion) for paddy procurement

* Hikes enhanced agriculture credit target to 16.5 trillion&nbsp;indian rupees ($226.05 billion) in 2020/21

* To include loans for activities in allied sectors in agriculture

* To discontinue small savings fund loans to Food Corporation of&nbsp;India

Labour

* To launch database for gig economy, building and construction workers

* Social security benefits to be extended to gig economy workers

Finance Minister Nirmala Sitharaman on Monday unveiled Union Budget 2021-22 that aims to shore up the Indian economy post coronavirus pandemic. The Union Budget 2021-22 proposals rest on six pillars: Health and well-being, physical and financial capital and infrastructure, inclusive development for aspirational India reinvigorating human capital, innovation and R&D, minimum government and maximum governance.

Finance Minister Nirmala Sitharaman on Monday unveiled Union Budget 2021-22 that aims to shore up the Indian economy post coronavirus pandemic. The Union Budget 2021-22 proposals rest on six pillars: Health and well-being, physical and financial capital and infrastructure, inclusive development for aspirational India reinvigorating human capital, innovation and R&D, minimum government and maximum governance. Also read: Union Budget 2021: Key highlights of physical, financial capital and infrastructure reforms introduced The economy is projected to contract 7.7 per cent in the current fiscal year, although the government forecasts growth of 11 per cent for the coming fiscal year, after a massive COVID-19 vaccination drive and a rebound in consumer demand and investments. However, after a steep drop in the first two quarters, the Indian economy is seen to be recovering with positive GDP growth in the last two quarters. These are the highlights from Sitharaman's fiscal 2021-22 budget speech: Deficit * 2020/21 fiscal deficit seen at 9.5 per cent of GDP * 2021/22 fiscal deficit seen at 6.8 per cent of GDP * 2025/26 fiscal deficit target set at 4.5 per cent of GDP Expenditure * 2020/21 revised expenditure 4.39 trillion rupees ($60.14 billion) * 2020/21 capital expenditure estimated at 5.54 trillion rupees ($75.90 billion) * 2021/22 gross expenditure seen at 34.83 trillion rupees ($477.16 billion) in 2021/22 * To provide more than 2 trillion rupees ($27.40 billion)for states and autonomous bodies Borrowing * India says will need 800 billion rupees ($10.96 billion) in next two months from bond market * 2021/22 gross market borrowing seen at 12 trillion rupees ($164.40 billion) Healthcare * India to allocate 2.2 trillion rupees ($30.20 billion) for healthcare in 2021/22 * Sitharaman says expect two or more COVID-19 vaccines soon * India to launch new federal health scheme with outlay of around 641 billion rupees ($8.80 billion) over the next six years * To allocate 350 billion rupees ($4.81 billion) for COVID-19 vaccines, and allocate more funds if needed. Finance * India to introduce bill for development financial institution with capital of 200 billion rupees ($2.74 billion) * To infuse 200 billion rupees ($2.74 billion) for recapitalization of state-run banks in FY2022 * India to consolidate certain SEBI regulations for Securities Market Code * To relax FDI cap for insurance sector to 74 per cent from 49 per cent * Set up asset reconstruction company to take over toxic assets * To cut money market requirement to 15 per cent from 25 per cent * To allocate 15 billion rupees ($205.50 million) for scheme to incentivise use of digital payments * India to incentivise incorporation of one-person companies Taxation * Proposes exemption to senior citizens for filing income tax returns * Proposes changes in personal income taxes for non-resident Indian * To set up dispute resolution panel for small taxpayers Divestment * India sets 2021/22 divestment target at 1.75 trillion rupees ($23.97 billion) * India to divest two public sector banks and one general insurance company * India to launch IPO of Life Insurance Corporation * India to announce policy for privatisation of state-run companies * To create new list of companies for divestment * India to introduce new mechanism for privatisation of loss-running state-run companies * To monetise surplus lands of public sector entities Infrastructure * To allocate 2.87 trillion rupees ($39.40 billion) for clean water supplies over the next five years * To allocate 3 trillion rupees ($41.10 billion) for power sector for next five years * To provide 10 billion rupees ($137.01 million)to Solar Energy Corporation of India * Sitharaman says will move to end power distribution company monopolies * To double ship recycling capacity by 2024 * India to monetise infrastructure assets Transport * Allocates 1.18 trillion rupees ($16.17 billion) for ministry of roads and highways * Allocates 1.1 trillion rupees ($15.07 billion) for railways * Railways to monetise freight corridors * India to launch new vehicle scrapping policy * Proposes tax holiday for aircraft leasing firms in India Agriculture * India allocates an estimated 1.7 trillion rupees ($23.29 billion) for paddy procurement * Hikes enhanced agriculture credit target to 16.5 trillion indian rupees ($226.05 billion) in 2020/21 * To include loans for activities in allied sectors in agriculture * To discontinue small savings fund loans to Food Corporation of India Labour * To launch database for gig economy, building and construction workers * Social security benefits to be extended to gig economy workers

Union Budget 2021: Key highlights and takeaways from Nirmala Sitharaman's budget

Indian Finance Minister Nirmala Sitharaman presented the Union Budget 2021 in Lok Sabha today. Finance Minister proposed the recapitalisation of Rs 20,000 crore for PSBs in FY21.

India's Finance Minister announces recapitalisation of Rs 20,000 crore for PSBs in FY21

Indian Finance Minister Nirmala Sitharaman presented the Union Budget 2021 in Lok Sabha today. Finance Minister announced, seven port projects worth more than Rs 2,000 crore to be offered by major ports in PPP Mode, in FY 2021-2022.

Indian Finance Minister: Seven port projects worth more than Rs 2,000 crore to be offered

Indian Finance Minister Nirmala Sitharaman is presenting the Union Budget 2021 in Lok Sabha. FM said, over 13,000 km length of roads at a cost of Rs 3.3 lakh cr has already been awarded under Rs 5.35 lakh cr Bharatmala project of which 3,800 km have been constructed. By March 2022 we'd be awarding another 8,500 & complete an additional 11,000 km of National Highway Corridor.

Indian FM Sitharaman: 8,500 km of highway projects to be awarded in March 2022

India reported 13,052 new COVID-19 cases, 13,965 discharges and 127 deaths in the last 24 hours, as per the Union Health Ministry on Sunday.With this, the total cases in the country have mounted to 1,07,46,183 including 1,68,784 active cases and 1,04,23,125 total recoveries.

However, the total death toll by the deadly COVID-19 virus escalated to 1,54,274, including the new deaths. The Indian Council of Medical Research (ICMR) on Sunday informed, "A total of 19,65,88,372 cumulative samples have been tested till January 30. Of these, 7,50,964 samples were tested yesterday.''

Union Health Minister Dr Harsh Vardhan on Saturday said that the world`s largest vaccination drive is going on in our country and is progressing quickly with 37 lakh plus beneficiaries vaccinated in the first 15 days.

On Saturday, the number of healthcare workers vaccinated against COVID-19 has crossed the 37 lakh mark on the fifteenth day of the countrywide COVID-19 vaccination program, stated the press release by the health ministry.

2,06,130 beneficiaries were vaccinated till 7 pm on Saturday. The Union Health Ministry has approved two vaccines, Covishield and Covaxin, under Emergency Use Authorisation (EAU).

Kerala continues to report the highest daily new cases at 6,268. It is followed by Maharashtra with 2,771, while Tamil Nadu reported 509 new cases,&nbsp;stated the health ministry on Saturday.&nbsp;

India reported 13,052 new COVID-19 cases, 13,965 discharges and 127 deaths in the last 24 hours, as per the Union Health Ministry on Sunday.With this, the total cases in the country have mounted to 1,07,46,183 including 1,68,784 active cases and 1,04,23,125 total recoveries.

India reported 13,052 new COVID-19 cases, 13,965 discharges and 127 deaths in the last 24 hours, as per the Union Health Ministry on Sunday.With this, the total cases in the country have mounted to 1,07,46,183 including 1,68,784 active cases and 1,04,23,125 total recoveries. However, the total death toll by the deadly COVID-19 virus escalated to 1,54,274, including the new deaths. The Indian Council of Medical Research (ICMR) on Sunday informed, "A total of 19,65,88,372 cumulative samples have been tested till January 30. Of these, 7,50,964 samples were tested yesterday.'' Union Health Minister Dr Harsh Vardhan on Saturday said that the world`s largest vaccination drive is going on in our country and is progressing quickly with 37 lakh plus beneficiaries vaccinated in the first 15 days. On Saturday, the number of healthcare workers vaccinated against COVID-19 has crossed the 37 lakh mark on the fifteenth day of the countrywide COVID-19 vaccination program, stated the press release by the health ministry. 2,06,130 beneficiaries were vaccinated till 7 pm on Saturday. The Union Health Ministry has approved two vaccines, Covishield and Covaxin, under Emergency Use Authorisation (EAU). Kerala continues to report the highest daily new cases at 6,268. It is followed by Maharashtra with 2,771, while Tamil Nadu reported 509 new cases, stated the health ministry on Saturday.

India reports 13,052 new COVID-19 cases

India, which is running the world`s biggest COVID-19 vaccination drive, is the fastest in vaccinating its citizens, said Prime Minister Narendra Modi on Sunday. He said that the Made in India vaccines are only a symbol of Atmanirbhar Bharat but is also a symbol of self-pride.&nbsp;

"Just as India`s war against coronavirus became an example to the world, similarly our vaccination programme is also becoming an example to the world. India is conducting the biggest vaccination drive in the world. Do you know what is an even better matter of pride? We are not only running the world`s biggest vaccination drive but we are also the fastest in vaccinating our citizens," Prime Minister Modi said in his 73rd episode of `Mann Ki Baat`.&nbsp;

"In merely 15 days, India has vaccinated more than 30 lakhs COVID-19 warrior, while a rich country like the US has completed the same target in 18 days and the UK in 36 days. The Made in India vaccines is only a symbol of Atmanirbhar Bharat but is also a symbol of self-pride," he added.

The number of healthcare workers vaccinated against COVID-19 has crossed the 37 lakh mark on the fifteenth day of the countrywide COVID-19 vaccination program, according to Health Ministry.

Highlighting that India is helping the world during the COVID-19 crisis, he said: "These days, I receive messages for India from Presidents and Prime Ministers of different countries of the world. You must also have seen recently how the President of Brazil, in a tweet thanked India - every Indian was proud of it. You must have noticed about the vaccination programme that India is able to help others because India today is self-reliant in the field of medicines and vaccines."

"In times of crisis, India is able to serve the world because India, today, is capable of medicines and vaccine, is self-sufficient. This is also the idea of a self-reliant India campaign. The more capable India is, the more it will serve humanity, the more the world will benefit," he added.

India has gifted the COVID-19 vaccine to several countries including Bhutan, Nepal, Sri Lanka and Bahrain.This was also Prime Minister Modi`s this year`s first Mann Ki Baat at 11. Mann ki Baat is the Prime Minister`s monthly radio programme to the nation, which is broadcasted on the last Sunday of every month.

India, which is running the world`s biggest COVID-19 vaccination drive, is the fastest in vaccinating its citizens, said Prime Minister Narendra Modi on Sunday. He said that the Made in India vaccines are only a symbol of Atmanirbhar Bharat but is also a symbol of self-pride.

India, which is running the world`s biggest COVID-19 vaccination drive, is the fastest in vaccinating its citizens, said Prime Minister Narendra Modi on Sunday. He said that the Made in India vaccines are only a symbol of Atmanirbhar Bharat but is also a symbol of self-pride. "Just as India`s war against coronavirus became an example to the world, similarly our vaccination programme is also becoming an example to the world. India is conducting the biggest vaccination drive in the world. Do you know what is an even better matter of pride? We are not only running the world`s biggest vaccination drive but we are also the fastest in vaccinating our citizens," Prime Minister Modi said in his 73rd episode of `Mann Ki Baat`. "In merely 15 days, India has vaccinated more than 30 lakhs COVID-19 warrior, while a rich country like the US has completed the same target in 18 days and the UK in 36 days. The Made in India vaccines is only a symbol of Atmanirbhar Bharat but is also a symbol of self-pride," he added. The number of healthcare workers vaccinated against COVID-19 has crossed the 37 lakh mark on the fifteenth day of the countrywide COVID-19 vaccination program, according to Health Ministry. Highlighting that India is helping the world during the COVID-19 crisis, he said: "These days, I receive messages for India from Presidents and Prime Ministers of different countries of the world. You must also have seen recently how the President of Brazil, in a tweet thanked India - every Indian was proud of it. You must have noticed about the vaccination programme that India is able to help others because India today is self-reliant in the field of medicines and vaccines." "In times of crisis, India is able to serve the world because India, today, is capable of medicines and vaccine, is self-sufficient. This is also the idea of a self-reliant India campaign. The more capable India is, the more it will serve humanity, the more the world will benefit," he added. India has gifted the COVID-19 vaccine to several countries including Bhutan, Nepal, Sri Lanka and Bahrain.This was also Prime Minister Modi`s this year`s first Mann Ki Baat at 11. Mann ki Baat is the Prime Minister`s monthly radio programme to the nation, which is broadcasted on the last Sunday of every month.

Mann Ki Baat: India fastest in world to vaccinate citizens, says PM Modi

Prime Minister Narendra Modi today addresses the nation with his weekly radio broadcast 'Mann Ki Baat'. Mentioning the disturbing act took place on republic day amid farmers protests, PM says 'Our country very pained at dishonour to the tricolour.

'Country very pained at dishonour to Tricolour on R-Day': PM Modi

At a time when the vaccination drive against COVID-19 is underway and the active cases have come down to 4,629, the Tamil Nadu government has released the latest list of relaxations, while extending the general lockdown until February 28, 2021.&nbsp;

Arts and science, technology, engineering, agriculture, fisheries, veterinary colleges and universities at both undergraduate and postgraduate levels can function from February 08, while hostels can also be opened.&nbsp;

Also read|&nbsp;<a href="https://www.wionews.com/india-news/with-the-blessings-of-rajinikanth-well-fulfil-his-wishes-says-close-aide-regarding-rajinis-political-vision-359614">‘With the blessings of Rajinikanth, we’ll fulfil his wishes’ says close aide regarding Rajini’s political vision</a>

Permission has been granted for schools to hold regular classes for IX and XI grade, from February 08 and hostels can function as well. It is to be noted that permission for functioning of classes X and XII have been granted already.&nbsp;

Fuel stations can function without time restrictions and swimming pools can re-open. Cinema halls can also permit 100 per cent seating from February onwards. Exhibition halls can also function.&nbsp;

From February 01, indoor halls or auditoriums can function by accommodating a maximum of 50 per cent seating capacity or 600 occupants&nbsp;for religious, social, political, cultural and sporting events.&nbsp;

In case of open grounds, the earlier permission granted to conduct events with 50 per cent seating capacity continues.&nbsp; Additionally, cricket and other sporting events can be permitted with 50 per cent&nbsp;seating capacity at the grounds/stadia.&nbsp;

At the district level, events held for public grievance redressal and others meant for the public can be conducted. &nbsp;

At a time when the vaccination drive against COVID-19 is underway and the active cases have come down to 4,629, the Tamil Nadu government has released the latest list of relaxations, while extending the general lockdown until February 28, 2021.

At a time when the vaccination drive against COVID-19 is underway and the active cases have come down to 4,629, the Tamil Nadu government has released the latest list of relaxations, while extending the general lockdown until February 28, 2021. Arts and science, technology, engineering, agriculture, fisheries, veterinary colleges and universities at both undergraduate and postgraduate levels can function from February 08, while hostels can also be opened. Also read| ‘With the blessings of Rajinikanth, we’ll fulfil his wishes’ says close aide regarding Rajini’s political vision Permission has been granted for schools to hold regular classes for IX and XI grade, from February 08 and hostels can function as well. It is to be noted that permission for functioning of classes X and XII have been granted already. Fuel stations can function without time restrictions and swimming pools can re-open. Cinema halls can also permit 100 per cent seating from February onwards. Exhibition halls can also function. From February 01, indoor halls or auditoriums can function by accommodating a maximum of 50 per cent seating capacity or 600 occupants for religious, social, political, cultural and sporting events. In case of open grounds, the earlier permission granted to conduct events with 50 per cent seating capacity continues. Additionally, cricket and other sporting events can be permitted with 50 per cent seating capacity at the grounds/stadia. At the district level, events held for public grievance redressal and others meant for the public can be conducted.

Tamil Nadu unlock: Colleges, schools to resume from February 08

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