GYAN WORLD's video: Digital Budget 2021 - Union Digital Budget 2021

Visit Our Website For More: https://www.gyanworld.in/ Finance minister Nirmala Sitharaman presented the Union Budget 2021-2022 in the Lok Sabha, She presented a paperless Budget for the first time Here are some of the key highlights from – Union Budget 2021 Health & Sanitation 1. A new scheme, titles PM Atma Nirbhar Swasthya Bharat Yojana, to be launched to develop primary, secondary and tertiary healthcare 2. Mission POSHAN 2.0 to improve nutritional outcomes across 112 inspirational districts 3. Operationalisation of 17 new public health units at points of entry 4. Modernizing of existing health units at 32 airports, 15 seaports and land ports 5. Jal Jeevan Mission Urban aimed at better water supply nationwide 6. Strengthening of Urban Swachh Bharat Mission Education 1. 100 new Sainik Schools to be set up 2. 750 Eklavya schools to be set up in tribal areas 3. A Central University to come up in Ladakh Infrastructure 1. Vehicle scrapping policy to phase out old and units vehicles 2. All vehicles to undergo fitness test in automated fitness centress every 20 years (personal vehicles), every 15 years (commercial vehicles) 3. National monetizing pipeline launched to monitor asset monetization process 4. National Rail Plan created to bring a future ready Railway System by 2030 5. 100% electrification to be completed by 2023 6. Metro services announced in 27 cities, plus additional allocations for Kochi Metro, Chennai Metro Phase 2 Bengaluru Phase 2A and B, Nashik and Nagpur Metros 7. National Hydrogen Mission to be launched for generating hydrogen form green power sources. 8. Recycling capacity of ports to be doubled by 2024 9. Gas pipeline project to be set up in Jammu and Kashmir. 10. Pradhan Mantri Ujjwala Yojna (LPG Scheme) to be extended to cover 1 crore more beneficiaries Tax 1. No IT filing for people above 75 years 2. Reopening window for IT assessment cases reduced from 6 to 3 years However, in case of serious tax evasion sases (Rs. 50 lakh or more), it can go up to 10 years 3. Affordable housing projects to get a tax holiday for one year 4. Compliance burden of small trusts whose annual receipts does not exceed Rs. 5 Crore ti be eased 5. Duty of copper scrap reduced to 2.5% 6. Custom duty on gold and silver to be rationalized 7. Duty on naphtha reduced to 2.5% 8. Duty on solar inverters raised from 5% to 20%, and on solar lanterns from 5% to 15% 9. All nylon products charged with 5% customs duty 10. Tunnel boring machines to attract customs duty of 7% 11. Customs duty on cotton raised from 0 to 10% 12. Agriculture infrastructure and development cess proposed on certain items including urea, apples, crude soyabean and sunflower oil Economy 1. Fiscal deficit stands at 9.5% of the GDP; estimated to be 6.8% in 2021-22 2. Proposal to allow states to raise borrowings up to 4% of GSDP this year 3. A Unified Securities Market Code to be created, consolidating provision of the Sebi Act, Depositories Act, and two other laws 4. Proposal to increase FDI limit from 49% to 74% 5. An asset reconstruction company will be set up to take over stressed loans 6. Deposit insurance increased from Rs. 1 lakh to Rs. 5 lakh for bank depositors 7. Proposal to decriminalize Limited Liability partnership Act of 2008 8. Two PSU bank and one general insurance firm to be disinvested this year 9. An IPO of LIC to debut this fiscal 10. Strategic sale of BPCL, IDBI Bank, Air India to be completed Agriculture Section 1. Agriculture Infrastructure fund to be made available for APMCs for augmenting their infrastructure 2. 1000 more Mandis to be integrated into the E-NAM market place 3. Five major fishing hubs, including Chennai, Kochi and Paradip, to be developed 4. A multipurpose seaweed park to be established in Tamil Nadu Employment 1. A portal to be launched to maintain information on gig workers and construction workers 2. Social security to be extended to gig and platform workers 3. Margin capital required for loans via Stand-up India scheme reduced from 25% to 15% for SCs, STs, and women