UNION BUDGET 2021

Presented by
Shivgoud M S
 Top takeaways from Budget 2021
Tax :
• No IT filing >75 years
• Reopening window for IT assessment cases: 6-3 years.
• No more double taxation for NRIs
• Startups gets extension in tax holiday : 1 year
• Hike in custom duty on cotton and raw silk
• new cess on agriculture development
Petrol-Rs 2.5/L, Diesel-Rs 4/L

Healthcare :
• The booster dose for healthcare:Rs 2,23,846 crore
• That's 137% jump from the previous budget
• COVID-19 vaccination : Rs 35,000 cr for FY22.
Infrastructure : 
• Highway road expansion : Rs 1.18 lakh Cr.
- Kerala, Tamil Nadu, Assam and West Bengal.
• Rural infra development : Rs 40,000 crore
• Railways : Rs 1,10,055 crore
• 100% electrification of broad-gauge routes by Dec 2023

Agriculture :
• 1000 more agriculture product marketing committees
(APMCs) will be linked to e-national agriculture market.
• Agriculture credit target of Rs 16.5 lakh crore set for FY22
Buisness :
• Rs 700 crore for MSME sector.
• One Person Companies. 
• allow Non Resident Indians (NRIs) to incorporate
OPCs in India.
• Push to textile industries : Rs 3631 Cr.

Booster to govt schemes :

• One-Nation, One-Ration card.
• Ujjwala scheme : extended to 1 cr more beneficiaries.
• City gas distribution network will be expanded
to 100 more districts.
• Minimum wages applicable for all workers.
• Jal Jeevan mission : Rs 50,000 cr
• Vehicle scrapping policy : Vehicle fitness test
Passenger>20 years, commercial>15 years.

The Divestment math :

• 2 PSU banks.
• one general insurance company .
• LIC IPO + Air India + BPCL + SPV for PSU land sale.
• Govt aims to get Rs 1.75 lakh crore through
divestments in 2021-22.

Total expenditure in 2021-22 is expected to be

Rs 34,83,236 cr.
Thank you