What will get cheaper after Budget 2021?

What will get cheaper after Budget 2021?

New Delhi: Finance Minister Nirmala Sitharaman on February 1 presented the Union Budget 2021-22 in the Lok Sabha. Some of the items that have become cheaper include gold and silver, and those that became costlier include solar cells and mobile phone.

Will electronics be cheaper after Budget 2021?

Budget 2021: Customs duty hike to make electronics items more expensive. Key electronic components like printed circuit board assembly, camera module and connectors will now attract 2.5 per cent duty.

What was the new budget in 2021?

Union Budget 2021 Highlights She allocated Rs Rs 2,23,846 crore for health, Rs 1.18 lakh crore for road infra, Rs 1,10,055 crore for Railways, Outlay over Rs 3 lakh crore for power and set the divestment target for FY22 at Rs 1.75 lakh crore, among other things.

What is the main focus of Budget 2021?

This year’s Budget lays focus on the seven pillars for reviving the economy – Health and Wellbeing, Physical and Financial Capital and Infrastructure, Inclusive Development for Aspirational India, Reinvigorating Human Capital, Innovation and R&D, and Minimum Government Maximum Governance.

How is the Union Budget?

Expenditure: The government proposes to spend Rs 34,83,236 crore in 2021-22. As per the revised estimates, the government spent Rs 34,50,305 crore in 2020-21, 13\% higher than the budget estimate.

What is the main feature of the Union Budget 2021?

Presenting the Union Budget for 2021-22, Finance Minister Nirmala Sitharaman said that the Budget proposals for this financial year rest on six pillars — health and well-being, physical and financial capital and infrastructure, inclusive development for aspirational India, reinvigorating human capital, innovation and …

What is the total amount of budget 2021?

Total receipts (including borrowings) in 2021-22 are estimated to be Rs 34,83,236 crore and net receipts (excluding borrowings) are estimated at Rs 19,76,424 crore. Receipts (without borrowings) are estimated to record an annual increase of 6\% over 2019-20.

Which sectors will benefit from Budget 2021?

Analysts at IIFL Securities picked ICICI Bank, ITC, L, Dabur, SBI Life, ICICI Lombard, HPCL, Deepak Nitrite, Quess Corp, JK Lakshmi Cement, Sudarshan Chemical and HG Infra Engg as the biggest beneficiaries of this Budget.

Which stocks will benefit from Budget 2021?

Below are 20 stocks from the construction and cement space that may benefit from the Budget 2021 announcements. Top infra stocks: Larsen & Toubro, KNR Constructions, NCC, GMR Infra, PNC Infra, Sadbhav Engineering, REC, HG Infra Engineering, Anubhav Infrastructure and MEP Infrastructure Developers.

What is the theme of Union Budget 2021 2022?

The focus in this year’s Budget is to strengthen the Sankalp of Nation First, Doubling Farmer’s Income, Strong Infrastructure, Healthy India, Good Governance, Opportunities for youth, Education for All, Women Empowerment, and Inclusive Development among others.

Which items will become cheaper after the Union Budget 2021-22?

Gold and silver will become cheaper after the Union Budget 2021-22 as the government reduced the customs duty. Iron, steel, copper items, nylon clothes, steel utensils will also get cheaper.

What makes this year’s budget 2021 Special?

This year’s Budget is unique as finance minister used a Made in India tablet to deliver a paperless Budget address, and ditched a ‘bahi khata’, that she used last year. The Budget 2021 is special as it was presented in challenging circumstances amidst the Covid-19 pandemic

What is the impact of budget 2021 on the middle class?

Budget 2021 focused on infrastructure development to boost growth and create jobs. However, has been no relief for the middle class as I-T slabs remain unchanged. As the Budget for FY21-22 is announced, many commodities are set to become more expensive and some items of daily use will have revised prices.

How does the Union budget impact the common man?

The Union Budget directly impacts the pocket and expenses. While the common man is more keen to know the new income tax slabs, many are worried about what gets costlier, what gets cheaper and the revised rates of items of daily use.