Budget 2021 Highlights: Rakesh Jhunjhunwala gives a 10/10; shot in the arm for economy, says S&P

That's a wrap to the LIVE coverage on Budget 2021. For more news, views and updates, stay logged on to CNBCTV18.com.

Budget 2021 Reactions LIVE: Architects defend the math, say growth and tax targets realistic

Ajay Bhushan Pandey, Secretary, Finance to CNBC-TV18: “The estimate that we have given both on the expenditure side as well as on the revenue side they are very realistic. So far as the current year is concerned we have already passed 10 months, we have a fairly good idea of how much we have collected and how much we have spent. What we have tried to do in this budget is that we have transparently put the revenue side as well as the expenditure side and then from there this fiscal deficit number that 9.5 percent as come in.”

Tarun Bajaj, Secretary, Economic Affairs: "This glide path is very much achievable and we have actually been very truthful while coming out with our numbers and we have not tried to overestimate or to bow before the people who have been saying that we should not move away from the 3 percent fiscal deficit target."

Budget 2021 Reaction LIVE: Arvind Panagariya to CNBC-TV18
Budget ticks all the important boxes. Public enterprise policy, bank privatization and LIC IPO are key announcements. Capital going into import substitution will leave less for export incentives. Looking at 8% plus growth in the next two decades if the budget is implemented

CNBC-TV18 Budget Townhall: Shereen Bhan in conversation with Finance and Economic Affairs Secretaries

Ajay Bhushan Pandey, Secretary, Finance
“The estimate that we have given both on the expenditure side as well as on the revenue side they are very realistic. So far as the current year is concerned we have already passed 10 months, we have a fairly good idea of how much we have collected and how much we have spent. What we have tried to do in this budget is that we have transparently put the revenue side as well as the expenditure side and then from there this fiscal deficit number that 9.5 percent as come in.”

Tarun Bajaj, Secretary, Economic Affairs
“This glide path is very much achievable and we have actually been very truthful while coming out with our numbers and we have not tried to overestimate or to bow before the people who have been saying that we should not move away from the 3 percent fiscal deficit target... FM has also come upfront and made that statement that we will amend FRBM act. At this point of time, I would not like to say more than this aspect that we will amend the FRBM act whether we keep a flexible target, we keep a fixed target, what target we will keep, but it will be in the range of what she has indicated for 25-26 percent which is the last year of the recommendation of the finance commission.”

Budget 2021 LIVE Updates: Trade unions call for nationwide protest on Wed against privatisation, other policies in Budget
A joint platform of 10 central trade unions on Tuesday gave a call for a nationwide protest on February 3 against privatisation and other "antipeople" policies proposed in the Budget for 202122 and to press for scrapping labour codes and providing income and food support to the families of poor workers. The ten central trade unions are Indian National Trade Union Congress (INTUC), All India Trade Union Congress (AITUC), Hind Mazdoor Sabha (HMS), Centre of Indian Trade Unions (CITU), All India United Trade Union Centre (AIUTUC), Trade Union Coordination Centre (TUCC), SelfEmployed Women's Association (SEWA), All India Central Council of Trade Unions (AICCTU), Labour Progressive Federation (LPF) and United Trade Union Congress (UTUC).

Budget 2021 Reaction LIVE: Union budget totally ignores poll-bound Puducherry, says Narayanasamy
Puducherry Chief Minister V Narayanasamy on Tuesday said the union budget has 'totally ignored' the Union Territory as sufficient funds needed for developmental activities here are not provided in it. Addressing reporters, the CM said, "Puducherry is also a poll-bound State, but funds have been earmarked for other poll-bound states like Kerala, West Bengal and Tamil Nadu in the budget for the development of national highways." Terming as 'unfortunate' the requirements of Puducherry being utterly 'neglected', Narayanasamy said this shows that the NDA government at the Centre pays no attention to the union territory.

Budget 2021 Reaction LIVE: Reform measures to take India out of COVID-induced downturn, says Niti Aayog VC
The reform measures announced in the budget 2021-22 are aimed at taking India out of the COVID-19 induced downturn and making the country a better destination for private investment, both for domestic and foreign investors, Niti Aayog Vice Chairman Rajiv Kumar said on Tuesday. Kumar further said he is confident that the government will cross the next fiscal year's disinvestment target of Rs 1.75 lakh crore.