Union Budget 2021-22: 15 Big Budget Advertisements You Need To Know
Union Finance Minister Nirmala Sitaram has presented the budget during the Corona era. He has made a number of announcements to get the economy out of the crisis. In this budget, some things have become cheaper and some things have become more expensive. People above the age of 75 have been exempted from tax.
Finance Minister Nirmala Sitharaman has presented the general budget. In this budget presented during the Corona era, he has made various provisions to give economic impetus to the country. Let’s take a look at the main points.
To boost the health sector, 75 health centers will be set up in the country, a package of Rs 35,000 crore has been announced for the development of corona vaccine. The government has announced Rs 2.23 lakh crore for health services.
Pollution will be curbed by breaking down old cars. It will also reduce the oil import bill. Government automated fitness centers will be set up where personal vehicles will be available for 20 years and commercial vehicles after 15 years.
15 Big Budget Advertisements In Budget 2021
The finance minister has allocated Rs 1,10,055 crore for railways in this budget. In addition, an additional provision of Rs 1,18,101 crore has been made for the Ministry of Road Transport.
The Finance Minister has proposed to increase the cost of production in MSP by 1.5 times in view of the difficulties faced by the farmers.
The government should create a portal, especially for unorganized sector workers. The food, health and housing scheme for laborers engaged in building construction will be launched.
The Finance Minister has proposed a 100% rebate on foreign investment in the infrastructure sector in this budget.
The loan taken under the scheme to provide houses to all at a concessional rate is Rs. Taken. It is also proposed to increase the exemption limit on interest up to Rs 1.5 lakh.
Customs duty on copper, gold and silver has been reduced while this has been increased on mobile accessories, cotton, some auto parts, and solar inverters.
Taxes paid to people over the age of 75 are fully exempt.
One country will implement one ration card scheme
FDI proposal up to 74% in insurance sector.
Union Budget 2021
An allocation of Rs 2217 crore has been made to address air pollution.
Migration compulsion for workers as well as minimum wage scheme
It has been four years since GST was introduced. Along with this, the GSTN system has also been enhanced. Strict bills have been shown to be false, which has been of great benefit. There has been a record GST collection in the last few months.
In the infrastructure sector, the finance minister has proposed 100% foreign investment. He says the complaints against him will be removed. The finance minister has said the government will create a notified infra debt fund that will issue zero coupon bonds.