Union Finance Minister Nirmala Sitharaman has informed Rajya Sabha that notices have been issued to these three Chinese smartphone makers. 

On the front of creating jobs, Nirmala Sitharaman said, "Pandemic has snatched away so many jobs across the world. Our Atmanirbhar Bharat Package saved the jobs of a lot of people."

The budget has spurred strong criticism from the league of opposition while the ruling ministers including the Prime Minister had staunchly backed the Finance Minister. 

Nirmala Sitharaman, who is the first full-time female Finance Minister of India, has presented her fourth straight Union Budget on Tuesday -February 1 in the Lok Sabha.

They had urged the Union government to provide an exemption to the life-saving drugs from paying tax and that the government should encourage the production of such drugs within the country. 

While the government has forecasted a growth of 11% for the coming fiscal year, the economy is projected to contract 7.7% in the current fiscal year. 

The Central ruling BJP had framed the budget to have talking points during the campaign trail in these states -particularly in the southern states of Tamil Nadu and Kerala.

Let's take a look into the fund allocations, highlights, and key points of the Budget that you should know. 

The budget comes at a high time when the nation is reeling through the testing times of the COVID-19 pandemic and the undeniable fact that the economy is in a critical state.

Nirmala Sitharaman would be unveiling the most anticipated budget on Monday, and let's drive through what the nation currently needs at this hour.