Union Budget 2021 – Highlights
Union Finance Minister of India Nirmala Sitharaman has announced an outlay of ₹ 4071.23 crore for the Ministry of Information and Broadcasting in the 2021-2022 fiscal, a decrease of ₹ 303 crore from last year. The theme of this year’s budget will largely circle around Covid-19, economic recovery and growth. As part of the central theme, the government is expected to focus on demand and job creation through targeted schemes and incentives.
34.5 % increase in Capital Expenditure with be of ₹5.54 Lakh Crore
While presenting the Union Budget 2021-22 in Parliament the Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman announced a sharp increase in capital expenditure with BE of Rs 5.54 lakh crore which is 34.5% more than the BE of last financial year (Rs. 4.12 lakh crore). Read More
Union Budget for 2021-22 gives boost to Public Transport in Urban Areas
Public transport system in urban areas got a major boost in the Budget for the year 2021-22, tabled in the Parliament by the Union Minister for Finance and Corporate Affairs. Smt. Nirmala Sitharaman. Read More
FM announces key tax benefits to senior citizens
In the Union Budget 2021-22, the Finance Minister Nirmala Sitharaman seeks to further simplify the Tax Administration, Litigation Management and ease the compliance of Direct Tax Administration. Read More
Outlay for Ministry of Road and Transport and Highways
The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman announced several measures to augment road infrastructure in the Union Budget 2021-22 presented in the Parliament. Read More
Record Outlay of ₹1,10,055 Crore for Railways
Indian Railways has received a record outlay of 1,10,055 crore, of which ` 1,07,100 crore is for capital expenditure. This record outlay was announced by the Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman while presenting the Union Budget 2021-22 in the Parliament. Read More
Weak Revenue Flow Combined with High Expenditure on Essential Relief
The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman drew the attention of the Parliament on the fact that the pandemic’s impact on the economy has resulted in a weak revenue inflow. Read More
Government to step up Funding for National Infrastructure Pipeline
While presenting the Union Budget 2021-22 in Parliament the Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman announced that in order to achieve the target of National Infrastructure Pipeline (NIP) in the coming years the Government proposes following three steps. Read More
Scheme for Revamped Reforms -based Result-Linked Power Distribution Sector
Expressing serious concern over the viability of power distribution companies, Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman in her budget speech of 2021-22, proposed an outlay of Rs 3,05,984 crore over 5 years for a revamped reforms- based result-linked power distribution sector Scheme. Read More
FDI limit in insurance sector increased to 74%
A key take away from the Union Budget 2021 is that the Centre has proposed to increase FDI cap in insurance sector to 74%. Presenting the Budget, Finance Minister Nirmala Sitharaman, announced that the government will amend the Insurance Act, 1938 to increase the permissible FDI limit from 49% to 74%. Read More
Govt to introduce single Securities Markets Code
While presenting the Union Budget 2021-22 in Parliament, Union Minister for Finance and Corporate Affairs Nirmala Sitharaman announced that the Government will consolidate the provisions of SEBI Act, 1992; Depositories Act, 1996; Securities Contracts (Regulation) Act, 1956 and Government Securities Act, 2007 into a rationalised single Securities Markets Code. Read More
Qualitative strengthening of 15,000 schools to include all components of NEP
Under the Budget 2021-22 announced by Finance Minister Nirmala Sitharaman, more than 15,000 schools will include all components of the National Education Policy to be qualitatively strengthened, and enable them to emerge as exemplar schools in their regions, handhold and mentor other schools to achieve the goals of the policy. Read More
Key initiatives in Petroleum & Natural Gas sector
The Government had kept fuel supplies running uninterrupted across the country during the COVID-19 lockdown period. Taking note of the crucial nature of fuel requirement in the lives of people, the Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman while presenting the Union Budget 2020-21. Read More
Research Foundation Outlay to be ₹50,000 crore, over 5 years
To strengthen the overall research ecosystem of the country, the Union Budget FY 2021-22 announced a slew of new initiatives to boost Innovation and R&D in the country. While presenting the Budget in Parliament, Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, proposed initiatives covering digital payments, space sector and deep ocean explorations. Read More
₹15,700 cr provided for MSME sector in Union Budget
Union Finance Minister Nirmala Sitharaman has made a provision of Rs 15,700 crore for the Ministry of Micro, Small and Medium Enterprises (MSME) sector in the Union Budget 2021-22. Read More
Two PSBs, one general insurance company to be disinvested
The government has pegged its target for disinvestment for FY 2021-22 at Rs 1.75 lakh crore. A major announcement made by Finance Minister Nirmala Sitharaman was that the government will privatise two public sector banks other than IDBI Bank. One general insurance company will also be privatised in the coming fiscal. Read More
FM proposes increase of 137 per cent in Budget for Health and well-being
Finance Minister Nirmala Sithraman presented the Union Budget for the year 2021-22 in the lower house of the parliament. The Health and Wellbeing have found sharp focus and central positioning in the Union Budget 2021-22 presented in Parliament. Read More
Govt to rationalise custom duties on gold, silver
Union finance minister Nirmala Sitharaman presented the Union Budget 2021 in Parliament. The finance minister provided a major boost to healthcare and infrastructure in Union Budget 2021. However, there was no change in Income Tax slabs this year. Read More