01/02/2021
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BEST BUDGET IN INDIAN HISTORY.
Yes, a well balanced and remarkable budget presented by our Hon'ble Finance Minister 2021-22( for economic development).
1. Investor charter introduce to boost FDI.
2. Sharp increase in capital expenditures.
3. AIR india disinvestment to be completed by 2021.
4. Government announces incentive to start up.
5. Rs. 3768 crores allocated for 1st digital census.
6. No double taxation on NRIs.
7. Measure for affordable housing for all.
8. Fiscal deficit pegged at 6.8 % of GDP.
9. Tax audit level increased from Rs. 5 crores to Rs. 10 crores.
10. Reopening of tax assessment brought down.
11. Tax exemption for citizens above 75 years.
12. Rs. 1.10.055 crores allocated for indian railways.
13. Government announced amendment to FRPM act.
14. Contingency funds augmented to Rs. 30k crores.
15. Rs. 2.23 lakhs crores for health sector.
16. Push to digital payment with Rs. 1.500 crores scheme.
17. International partnership for skill training.
18. Central University to be set up at LEH.
19. 15.000 schools to be qualitatively strengthened.
20. Government allocate Rs. 15.700 crores for MSME.
21. Rs. 16.5 lakhs crores for agriculture credit.
22. Measure to simplify GST.
23. 100 new sainik schools to be set up.
24. Custom duties on gold and silver rationalised.
25. Rs. 50.000 crores allocated for national research foundation.
26. New virology institute to be set up.
27. New W.H.O station to be set up.
28. Indirect taxes: 400 old exemptions to be reviewed.
29. Recapitalisation of Rs. 20.000 crores in public sector banks.
30. Big move to help PMC bank victims.
31. Rs. 40k crores allocation for rural infra.
32. Social security for GIG economy workers and......etc....etc.....etc
Thank you.
Jai Hind!