Resilience in face of Once in a Century Crisis

Confirmed Cases

Doubling time

Deaths

V Shaped Recovery
GDP Growth

IIP Inflation (%)

 Atma Nirbhar Bharat Abhiyan
Stimulus provided under ANB out of total stimulus 9%

Stimulus by Govt and RBI combined 15%

GOVERNMENT REFORMS ENERGY

 Increase in borrowing limits of state o Liquidity support for
governments discoms
 Privatisation of Public Sector o Elimination of Regulatory
Enterprise Assets
o Commercial coal mining
MSMEs AND INDUSTRY o Reduction in cross-
 Collateral free loans for businesses subsidy
 Fund of funds will be set up for
MSMEs SOCIAL SECTOR
 PM Garib Kalyan Yojana  National Digital
 Subordinate debt for MSMEs Health Blueprint
 Disallowing global tenders of up to  Additional Allocation
Rs 200 crore for MGNREGS
 Change in definition of MSMEs  Technology driven
education: PM
eVidya, National
MIGRANT WORKERS Foundational Literacy
 One Nation One Card and Numeracy
 Free food grain Supply to migrants Mission

AGRICULTURE AND ALLIED SECTORS

 Concessional Credit Boost to farmers
 Agri Infrastructure Fund
 Emergency working capital for farmers
 Animal Husbandry infrastructure development
 Amendments to the Essential Commodities Act
 Agriculture marketing reforms
 Holistic Approach to Health
Preventive
Supplementary Nutrition
Programme and Poshan
Abhiyan to be merged and
Approach
launched as Mission
Poshan 2.0
Curative Wellbeing

 Outlay ₹64180 crore over 6 years

 Support for Health and Wellness
centres

PM  Setting up of Integrated Public

AtmaNirbhar Health Labs
Swasth  Establishing critical care
hospital blocks
Bharat Yojana

 Strengthening NCDC
 Expanding integrated health
information portal

• Pnuemococcal vaccine to be rolled across the country

• ₹35000 crore for Covid-19 Vaccine in 2021-22
Health Outlay (₹ crore)

2021-22 BE 223846

2020-21 BE 94452

Introduction of National
Commission for Allied
Healthcare Professionals Bill
 Industry
PLI launched to create manufacturing global champions across 13 sectors
with amount committed nearly ₹1.97 lakh crore in next 5 years starting
FY2021-22

NIP projects by sector 120

Sector wise share in GVA
Energy Road Urban Railways Others
100

24% 80
29%

60

18% 40
12%

17% 20

0
2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21
NIP Project pipeline expanded to 3rd RE 2nd RE 1st RE 1st AE
7400 projects Agriculture, forestry & fishing Industry Services

MITRA Scheme to create world class infrastructure for global champions in

textile sector leading to creation of 7 textile parks over 3 years.

Infrastructure
Road Construction Per Day in km
National Rail Plan
• Aims at developing adequate
rail infrastructure by 2030 to
cater to the projected traffic
requirements up to 2050.
• The objective is to increase the
modal share of rail in freight
from the current level of 27 per
cent to 45 per cent.
• 100% electrification of Broad Gauge Routes by 2023
• Indigenously developed automatic train protection system to be launched

 139 GW of installed capacity was added during 6 years

Installed Plant connecting additional 2.8 crore households with addition
Capacity (GW)
of 1.41 lakh circuit km of transmission lines
400
350
300  Revamped reforms-based result-linked power distribution
250 sector scheme will be launched with an outlay of
200 ₹3,05,984 crore over 5 years
150
100  Hydrogen energy mission will be launched
50
0
2013-14 2019-20

Ports, Shipping,
Waterways

PPP mode to be utilised Recycling of Ships Act,

Subsidy support to
for managing 2019 enacted and
promote flagging of
operational services of recycling capacity to be
merchant ships
major ports doubled by 2024

Logistics Performance
Index Rank PNG Infra
financing

54 Ujjwala scheme to
cover 1 crore more Bill to set up a DFI
beneficiaries will be introduced

100 more districts National monetisation

under city gas pipeline of brownfield
distribution network infra assets

44
Independent gas
transport system
2014 2018 operator to be set up
 Urban Development
Jal Jeevan Mission (Urban) for universal
water supply in all ULBs

Urban Swachh Bharat Mission with

outlay ₹1,41,678 crore over 5 years

₹2,217 crore for 42 urban centres to

tackle air pollution

Voluntary Vehicle Scrapping policy

Innovative PPP models to augment

public bus transport

MetroLite and MetroNeo for tier 2 and

peripherals of tier 1 cities

Financial Reforms

 Rationalised single Securities Markets Code by 2022

 World class fintech hub at GIFT IFSC
 Permanent institutional framework for Corporate bond market
 SEBI as regulator and greater role for WDRA for development of
commodity market ecosystem
 Investor charter as a right across all financial products
 Amending the Insurance Act,1938 to increase the FDI limit with safeguards
 Asset Reconstruction Company Limited and Asset Management Company
to resolve stressed assets problem of PSBs.
 Inclusive Development
AGRICULTURE MSP (crores)
80000
 Extending coverage of 160000
SWAMITVA Scheme to all 60000
130000
states/UTs
40000
 Expansion of Operation 100000
Green scheme to include 22
70000 20000
perishable products
 1000 more mandis to be 40000 0
integrated with e-NAM

FISHERIES MSP Paddy (LHS) MSP Wheat (RHS)

o Development of modern
fishing harbours and fish
landing centres
o Multipurpose Seaweed
Park to be set up in Tamil
Nadu

MIGRANT WORKERS AND LABOURERS

 One nation one ration Share of casual labour in 2018-19

card scheme under
implementation in 32
Total
states and UTs.
 A portal to be
launched for gig,
Urban
building and
construction workers
 Social security
benefits will be Rural

extended to gig and

platform workers 0 5 10 15 20 25 30
 Human Capital
EDUCATION SKILLS GII Rank
 Revamped Post  Realigning
90
Matric National
Scholarship Apprenticeship 80

Scheme for Training scheme 70

welfare of SCs for graduates and
60
 100 new Sainik diploma holders in
schools Engineering 50

 750 Eklavya  Partnership with 40

schools in tribal UAE and Japan in
30
areas area of skill
development and 20

recognition 10

Accreditation Regulation

R&D
Standard setting Funding  National
Higher Research
Education
Commission Foundation with
of India
outlay of
₹50,000 crore
over 5 years
Expenditure on Education as per cent of GDP  National
2020-21 BE 3.5 Language
2019-20 RE 3
Translation
Mission to boost
2018-19 2.8
internet access
2017-18 2.8  Deep Ocean
2016-17 2.8 Mission for
ocean
2015-16 2.8
exploration and
2014-15 2.8 biodiversity
-0.5 0.5 1.5 2.5 3.5 conservation
 Fiscal Position
• Allowing a normal ceiling of net borrowing for the
states at 4% of GSDP for 2021-22
1 • Additional Borrowing ceiling of 0.5% of GSDP subject
to conditions

2 NSSF loan to FCI for food subsidy to be replaced by

making budget provisions

3 ₹1,18,452 crore as Revenue Deficit grant to 17 states in

2021-22

10.00 9.50
Fiscal Deficit Capital Expenditure
9.00
Percent of GDP

8.00
6.80
7.00
6.00
4.60
5.00 4.10 3.90
4.00 3.50 3.50 3.40

3.00
2015-16
2014-15

2016-17

2017-18

2018-19

2019-20 Actuals

2020-21 RE

2021-22 BE

35 External Debt 12

30 10
25
8
Per cent

Per cent

20
6
15
GENERAL 4
10
GOVERNMENT
DEBT TO GDP 5 2

0 0
2013

2018

2019

2020

2020 (Sept-end)

Debt Service Ratio

External Debt to GDP
Ratio of Short-term debt to reserves
 Tax proposals
Taxpayers
Tax Return Exemption from filing income tax returns for opted for Direct
Filers senior citizens (75 years and above) who only Tax Vivad se
(crore) Vishwas
have pension and interest income. The paying
7 Scheme
bank will deduct the necessary tax on their
6 120000.00
income.
5 100000.00
4
Reducing time limit for reopening of income tax
80000.00
assessment
3
60000.00
2 Constitution of a Dispute Resolution Committee for
small tax payers 40000.00
1

0 20000.00
Income Tax Appellate Tribunal to be made faceless
2014 2020
0.00
Increase in limit for tax audit Dividend payment to
for persons who carry out 95% REIT/InvIT to be exempted Additional deduction
of their transactions digitally from TDS of ₹1.5 lakh shall be
available for loans
Pre filling of returns will also Eligibility for claiming tax taken up till 31
cover capital gains from listed holiday for start ups March 2022 for
securities, dividend income, proposed to be extended by purchase of
etc. one more year affordable house

Indirect Tax
GST Collection  Rationalisation of customs duty
1.4 structure by eliminating outdated
2020-21 2019-20
exemptions
1.2 1.14 1.15  Support to MSMEs hit by recent
1.00 1.00 1.02 0.98
1.05 1.05 sharp rise in iron and steel prices
1.0 0.95 and relief to metal recyclers
1.031.03
 Rationalisation of duties on raw
In Rs Lakh crore

0.8 0.91
0.87 0.92 0.95 material inputs to man made
0.86
0.62 textiles
0.6  Rationalisation of custom duty on
gold and silver
0.4 0.32  Increase in duty on solar invertors
and lanterns to promote domestic
0.2 production
 Agriculture Infrastructure and
0.0 Development Cess on small
Apr May Jun Jul Aug Sep Oct Nov Dec
number of items
 Rupee comes in
Non Debt Capital
Receipts
5%
Borrowings and other
Liabilities
36%
Income Tax
14%

Union Excise Duties

8%

Non Tax Revenue

6%
Corporation Tax
Customs 13%
3%

GST
15%

Rupee goes out

Pensions
Other Expenditure
Centrally Sponsored 5%
10%
Schemes
9%

Central Sector
Schemes
Subsidies 14%
8%

Defence
8%
Finance Commission
and Other Transfers
10%

Interest Payments
20% States' Share of Taxes
and Duties
16%
 Budget at a Glance

Revenue Receipts (crore) Capital Receipts (crore)

2020926 1895152
1788424
1684059 1694812
1555153

1021304
1002271

2019-20 2020-21 2020-21 2021-22 2019-20 2020-21 2020-21 2021-22

(Actuals) (BE) (RE) (BE) (Actuals) (BE) (RE) (BE)

Revenue Expenditure (crore) Capital Expenditure (crore)

554236
3011142
2929000
2630145 439163

2350604 412085
335726

2019-20 2020-21 2020-21 2021-22 2019-20 2020-21 2020-21 2021-22

(Actuals) (BE) (RE) (BE) (Actuals) (BE) (RE) (BE)
 Allocation to major schemes
MGNREGA (crore) PM KISAN (crore)
111500

2021-22 BE

73000

2020-21 RE

0 10000 20000 30000 40000 50000 60000 70000

2020-21 RE 2021-22 BE

National Health Mission (crore)

National Education 37500

Mission (crore) 37000

36500
2021-22
BE, 36000
34300
2020-21
RE, 35500
28244
35000

34500
2020-21 RE 2021-22 BE

Jal Jeevan Mission (crore) Metro Projects (crore)

20000
2021-22 BE 2021-22
18000 BE,
16000 18998

2020-21 RE 14000
12000
0 20000 40000 60000 10000
8000 2020-21
6000 RE,
AMRUT and Smart Cities (crore) 6484
4000
2021-22 BE 2000
2020-21 RE 0
2020-21 RE 2021-22 BE
0 5000 10000 15000
 Major Allocations

Ministry of Housing and Urban

54581
Affairs

Ministry of Health and Family

73932
Welfare

Ministry of Education 93224

Ministry of Railways 110055

Ministry of Road Transport and

118101
Highways

Ministry of Agriculture and

131531
Farmers' Welfare

Ministry of Rural Development 133690

Ministry of Home Affairs 166547

Ministry of Consumer Affairs, Food

256948
and Public Distribution

Ministry of Defence 478196

0 200000 400000 600000

Rs. Crore