Budget 2021 Key Highlights and takeaways

March 5, 2021by admin0

The 6 Pillars

1- Health and Wellbeing

2-  Physical & Financial Capital, and Infrastructure

3- Inclusive Development for Aspirational India

4- Reinvigorating Human Capital

5- Innovation and R & D

6- Minimum Government and Maximum Governance


Health and Wellbeing:

– PM Atma Nirbhar Swasth Bharat Yojana

-Merge of Supplementary Nutrition Programme and the Poshan Abhiyan and launch of Mission Poshan2.0.

-The Jal Jeevan Mission Urban

-The Urban Swachh Bharat Mission 2.0

-PM Aatmanirbhar Swastha Bharat

-Scrapping Policy

-35,000 crores for Covid-19 vaccine

-The Budget outlay for Health and well-being is 2,23,846 crores in BE 2021-22 as against this year’s BE of 94,452 crores an increase of 137 percentage.


Physical & Financial Capital, and Infrastructure:

-AtmaNirbhar Bharat –Production Linked Incentive scheme (PLI)

-Mega Investment Textiles Parks (MITRA)

-Development Financial Institution (DFI)

-National Monetization Pipeline Monetizing operating public infrastructure assets.

-Highways and road work announced for Kerala,Tamil Nadu, West Bengal and Assam.

-Rs 1.10 lakh crore outlay for railways Western Dedicated Freight Corridor (DFC) and Eastern DFC will be commissioned by June 2022.

-‘MetroLite’ and ‘MetroNeo’ will be deployed to provide metro rail systems at much lesser cost.

-Consolidation of the provisions of SEBI Act, 1992, Depositories Act, 1996, Securities Contracts (Regulation) Act, 1956, and Government Securities Act, 2007 into a rationalized single Securities Markets Code.

-FDI Hike In Insurance from 49% to 74%

-Rs 1,000 crore to solar energy corporation and Rs 1,500 to renewable energy development agency.

-Decriminalization of the Limited Liability Partnership (LLP) Act, 2008.

-Government to increase maximum threshold paid-up capital of small companies from 50 lakhs to 2 crores and maximum turnover from Rs 2 crore to Rs 20 crore.

-Incentivization of the incorporation of One Person Companies (OPCs) by allowing OPCs to grow without any restrictions on paid up capital and turnover.

-Launch of data analytics, artificial intelligence, machine learning-driven MCA21 Version 3.0.

-Strategic disinvestment of companies including BPCL, Air India, Pawan Hans, IDBI Bank, Container Corporation of India

-1,75,000 crores as receipts from disinvestment in B 2021-22.

-TSA (Treasury Single Account) System for universal application from 2021-22

-Separate Administrative Structure for cooperatives.


Inclusive Development for Aspirational India:

-Increase in agriculture credit target to Rs 16.5 lakh crore or-wise-highlights-3210538.html

-1,000 more mandis will be integrated with electronic national market

-Operation Green Scheme will be enlarged to include 22 perishable products.

-5 major fishing harbors –Kochi, Chennai,Visakhapatnam, Paradip, and Petuaghat will be developed as hubs of economic activity.

-Multipurpose Seaweed Park to be established in Tamil Nadu.

-Launch of a portal that will collect relevant information on gig, building, and construction-workers among others.

-Minimum wages will apply to all categories of workers, and they will all be covered by the Employees State Insurance Corporation.

-Women will be allowed to work in all categories and also in the night-shifts with adequate protection.

-Reduction of the margin money requirement from 25% to 15% to facilitate credit flow under the scheme of Stand Up India for SCs, STs, and  women.


Reinvigorating Human Capital:

-More than 15,000 schools will be qualitatively strengthened to include all components of the National Education Policy.

-100 new Sainik Schools will be set up in partnership with NGOs/private schools/states.

– Central University in Leh to be set up.

-Realignment of the existing scheme of the National Apprenticeship Training Scheme (NATS)


Innovation and R&D:

-1,500 crores to promote digital modes of payment.

-National Language Translation Mission (NTLM)

-New Space India Limited (NSIL), a PSU under the Department of Space will execute the PSLV-CS51 launch

-Launch of a Deep Ocean Mission with a budget outlay of more than 4,000 crores, over five years


Minimum Government and Maximum Governance:

-The National Nursing and Midwifery Commission Bill will be introduced by the government for passing

-First digital census in the history of India

-1,000 crores for the welfare of Tea workers especially women and their children in Assam and West Bengal.

-The Contingency Fund of India is being proposed to be augmented from 500 crores to 30,000 crores through Finance Bill

-Discontinuance of the NSSF Loan to FCI for Food Subsidy.



-For senior citizens who only have a pension and interest income, are exempted from filing their income tax returns

-Reduction of the time-limit for re-opening of assessment to 3 years from the present 6 years.

-Establishment of Dispute Resolution Committee

-Faceless ITAT (Income Tax Appellate Tribunal)

-Relaxation to NRI from hardship of double taxation.

-Increase limit for tax audit from 5 crore to 10 crore

-Advance tax liability on dividend income shall arise only after the declaration/payment of dividend.

-Policies to make it easy for foreign investors to invest in India’s infrastructure projects.

-Dividend payments to REIT (estate investment trusts) and Invite’s (Infrastructure investment trusts) exempt from TDS

-For easy filing of IT returns, details of capital gains and interest from banks, post offices, etc will be pre-filled

-Withdrawal of a few exemptions on parts of chargers and sub-parts of mobiles.

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फल्गु तीर्थ

कुरूक्षेत्र के सात वनों में से एक फलकीवन महान पुण्य प्रदान करने वाला है। वर्तमान में यही फलकीवन फल्गु तीर्थ के नाम से सुशोभित एवं प्रसिद्ध है। फलकीवन (फल्गु तीर्थ) से ही इस गांव का नाम भी फरल पड़ा। इस तीर्थ का वर्णन महाभारत, वामन पुराण में स्पष्ट रूप से मिलता है।
तीर्थ स्थान का पता:
फल्गु तीर्थ प्राचीन फल्गु मंदिर धर्मशाला
ग्राम व पत्रालय फरल
जिला कैथल
हरियाणा - 136021

हमसे जुडें

@ 2021 Copyright by Phalgu Tirth. All rights reserved.

फल्गु तीर्थ

कुरूक्षेत्र के सात वनों में से एक फलकीवन महान पुण्य प्रदान करने वाला है। वर्तमान में यही फलकीवन फल्गु तीर्थ के नाम से सुशोभित एवं प्रसिद्ध है। फलकीवन (फल्गु तीर्थ) से ही इस गांव का नाम भी फरल पड़ा। इस तीर्थ का वर्णन महाभारत, वामन पुराण में स्पष्ट रूप से मिलता है।
तीर्थ स्थान का पता:
फल्गु तीर्थ
ग्राम फरल
जिला कैथल
हरियाणा - 136021

हमसे जुड़े

@ 2021 Copyright by Phalgu Tirth. All rights reserved.

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