After pandemic year 2020 Let us get discuss about budget 2021 of india.
In the midst of the epidemic, this year’s crisis-free budget has been announced for health and disinvestment. At the same time, no announcement has been made for this serviceman in this budget. In the era of a global epidemic, the elderly who are 75 years or more are relieved from filing income tax.
Finance Minister Nirmala Sitharaman presented the General Budget in Parliament on Monday for the year 2021-22. During the global pandemic, it was expected that something special would be found in the health sector towards the Modi government.
Because of corona.Our Prime minister Modi ji Increased the budget of health sector and also introduced the sector of new scheme. The Modi government gave the gift of a self-reliant health scheme to the people of the country through the budget.
Know what the farmers sitting on the strike got in the budget
Disinvestment and Strategic sales:
Budget pegs FY22 disinvestment target at 1.75 lakh cror.
The Budget proposals for 2020-21 on Monday put Rs 1.75 lakh cror as a target from stake sale in public sector companies and financial institutions.
Finance minister Nirmala Sitharaman said the government aims at making use of disinvestment proceeds to finance various social sector and developmental programmes besides infusing private capital,technology and best management practices.
- An Expenditure Budget: Finance Minister Nirmala Sitharaman has found space for imparting a fiscal impulse in 2021-22. Compared with a capex of Rs 4.12 lakh crore in Revised Estimate (RE) of 2020-21, she has hiked it 34.46 per cent to Rs 5.54 lakh crore in 2021-22.
- A Reform Signal: Two public-sector banks and one state-owned general insurance company to be lined up for disinvestment. FDI in insurance to be hiked to 74% from 49% now. LIC IPO.
- No Populism, But Focus on Growth: Despite being a tough year for the aam admi, the FM has avoided giving any income tax relief. No increase in standard deduction, no raise in the tax slabs.
- Health Gets Its Due: In a year when the world was ravaged by the covid,pendamic, FM gives health the attention it merited. Health allocation jumped 137% to Rs 2,23,846 crore in 2021-22 compared with Rs 94,452 crore in 2020-21. She provided Rs 35,000 crore for the Covid-19 vaccine, and promised to provide further funds, if required.
- Bad Bank – A Good Idea: After dithering for almost six years, the government has finally decided to set up an asset reconstruction company that will take over the bad loans of banks, giving them flexibility to finance the economic recovery.
- Strategic Disinvestment – Again, Needs Political/ Bureaucratic Push: NITI Aayog asked to short list non-core PSUs for strategic sale. After a poor show in 2020-21, the government has estimated disinvestment receipts at Rs 1,75,000 crore.
Here is what will be dearer and cheaper now
1) Compressors for refrigerators and air conditioners
2) LED lamps
3) Raw silk and cotton
4) Solar inverters and lanterns
5) Automobile parts such as safety and toughened glass, windscreen wipers
6) Mobile phone parts like printed circuit board assembly (PCBA), camera module, connectors, back cover
7) Mobile phone charger
8) Leather products
9) Nylon fibre and yarn
3) Other precious metals like platinum and palladium
4) Medical devices imported by international organisation and diplomatic missions