India to unveil budget 'like never before': What's in focus | Your Cheatsheet

India is ready to unveil Budget "like never before" on Monday, February 1. The countrymen are awaiting the moment when Union Finance Minister Nirmala Sitharaman will rise in Parliament up to present the ninth budget under the Modi government. In her first budget in 2019, Sitharaman had replaced the decades-old leather briefcase used for carrying budget documents with a traditional red cloth 'bahi-khata'. Economists and experts say that the budget will be the starting point for picking up the pieces after the economic destruction caused by the COVID-19 pandemic. And it must go beyond being just a 'bahi khata' or a ledger of accounts, as well as canning old schemes in a new bottle. It has to be a vision statement, a roadmap to get the world's fastest-growing major economy back on track, they say. While the pandemic is showing signs of being less virulent, a gradual progress in the vaccination programme is fuelling hope for a better future. A sustainable economic revival will need a policy catalyst. That's where this budget assumes a special relevance.

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