Union Finance Minister Nirmala Sitharaman on Monday (February 1) presented the Union Budget 2021, which focuses on 6 pillars to boost the Indian economy that has been heavily battered by the ongoing coronavirus pandemic.
During her Budget speech, the Finance Minister of India used a total of 10,934 words, in comparison to her 13, 275-word address from 2020. Sitharaman’s speech, which was also comparatively shorter than her 2020 budget speech of 2 hours 43 minutes, roughly lasted for 110 minutes on Monday.
Upon further analysis of her speech, “CRORE” turned out to be the most used word and was used for 108 times.
Other words/topics like propose (69), year (61), provide (48), government (48), tax (47), infrastructure (37), health (24), income (21), etc also were one of the top used in her above-mentioned speech.
During a time of an ongoing farmers’ protest in the country, the word “farmers” (13) and “agriculture” (8) also were heavily used by the FM on Monday.
Since November 26, 2020, farmers have been protesting at different borders of the national capital against the three newly enacted farm laws: Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act, 2020; the Farmers Empowerment and Protection) Agreement on Price Assurance and farm Services Act 2020 and the Essential Commodities (Amendment) Act, 2020.
Speaking about the agriculture department, the Finance Minister announced that Minimum Support Price (MSP) regime has undergone a change to make sure that the price to farmers that is at least 1.5 times the cost of production for all commodities.
Sitharaman, while proposing India’s first digital budget, said that “the procurement has also continued to increase at a steady pace”.
“Our government is committed to the welfare of farmers. The MSP regime has undergone a change to assure price that is at least 1.5 times the cost of production across all commodities. The procurement has also continued to increase at a steady pace, this has resulted in an increase in payment of farmers, substantially,” FM Nirmala Sitharaman.
She also spoke on the topic of how almost thousands of mandis will be integrated with eNAM (National Agricultural Market).
“Around 1.68 crore farmers are registered and Rs 1.14 crore trade value has been carried out through e-NAM, the national agricultural market. Keeping in view the transparency and competitiveness of that eNAM has brought into the agricultural market, thousands more mandi will be integrated with the eNAM,” she said during her speech.