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Union budget 2021 Live Updates: FM announces FY22 farm credit target at Rs 16.5 lakh crore

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Finance Minister Nirmala Sitharaman has begun delivering her Budget speech that is expected to provide relief to the pandemic-hit common man as well as focus more on driving the economic recovery through higher spending on healthcare, infrastructure and defence amid rising tensions with neighbours.

Also read: Invest Rs 50,000 in NPS and get additional tax benefits over and above Rs 1.5 lakh under section 80C

As India emerges from the COVID-19 crisis, the ninth budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.