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Indian Economy

Budget 2021 Highlights: Health and Wellbeing

  • 03 Feb 2021
  • 3 min read

Why in News

Recently, the Minister of Finance presented the Union Budget 2021-22. This was the first ever digital Union Budget.

  • It is based 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, and 'Minimum Government, Maximum Governance'.
  • This section deals with the proposals for the Health and Wellbeing Sector.

Budget and Constitutional Provisions

  • According to Article 112 of the Indian Constitution, the Union Budget of a year is referred to as the Annual Financial Statement (AFS).
  • It is a statement of the estimated receipts and expenditure of the Government in a Financial Year (which begins on 1st April of the current year and ends on 31st March of the following year).
  • Overall, the Budget contains:
    • Estimates of revenue and capital receipts,
    • Ways and means to raise the revenue,
    • Estimates of expenditure,
    • Details of the actual receipts and expenditure of the closing financial year and the reasons for any deficit or surplus in that year, and
    • The economic and financial policy of the coming year, i.e., taxation proposals, prospects of revenue, spending programme and introduction of new schemes/projects.
  • In Parliament, the Budget goes through six stages:
    • Presentation of Budget.
    • General discussion.
    • Scrutiny by Departmental Committees.
    • Voting on Demands for Grants.
    • Passing an Appropriation Bill.
    • Passing of Finance Bill.
  • The Budget Division of the Department of Economic Affairs in the Ministry of Finance is the nodal body responsible for preparing the Budget.
  • The first Budget of Independent India was presented in 1947.

Key Points

  • Budget Outlay: Outlay for Health and Wellbeing in 2021-22 as against 2020-21 is an increase of 137%.
  • Major Steps: Steps being taken for improving health and wellbeing:
    • Vaccines:
    • Health Systems:
      • PM AatmaNirbhar Swasth Bharat Yojana – a new centrally sponsored scheme to be launched, in addition to National Health Mission (NHM).
    • Nutrition:
      • Mission Poshan 2.0 to be launched to improve nutritional outcomes across 112 aspirational districts.
    • Universal Coverage of Water Supply:
      • Jal Jeevan Mission (Urban) - to be launched - to bring safe water to 2.86 crore households through tap connection.
    • Swachch Bharat, Swasth Bharat:
    • Clean Air:
      • Rs. 2,217 crore to tackle air pollution, for 42 urban centers with a million plus population.
    • Scrapping Policy:
      • Voluntary vehicle scrapping policy to phase out old and unfit vehicles.

Source:PIB

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