New Delhi, Feb. 1 -- Union Minister of Finance, Nirmala Sitharaman announced the Union budget 2021 on 1 February 2021. In her opening note, she mentioned that the committee undertook the preparation of this Budget in circumstances like never before. "We knew of calamities that have affected a country or a region within a country. But what we have endured with COVID-19 through 2020 is sui generis." [Sui Generis means unique.]

The Minister introduced the budget in two parts - A and B that rests on six pillars namely 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 and maximum governance. Part A foc...