Table of Contents
What are the key points of Union Budget 2021?
Direct Tax Proposals – Budget highlights 2021
- IT relaxation for senior citizens of 75 years age and above:
- Reduction in time for IT Proceedings:
- Constitution of ‘Dispute Resolution Committee’:
- National Faceless Income Tax Appellate Tribunal Centre:
- Tax incentives to startups:
- Relaxations to NRI:
What are the main features of Union Budget 2021-22?
6 pillars of the Union Budget 2021-22:
- Health and Wellbeing.
- Physical & Financial Capital, and Infrastructure.
- Inclusive Development for Aspirational India.
- Reinvigorating Human Capital.
- Innovation and R&D.
- Minimum Government and Maximum Governance.
What is the budget of 2021 in India?
2021 Union budget of India
| Emblem of India | |
|---|---|
| Submitted | 1 February 2021 |
| Total revenue | ₹19.76 trillion (US$260 billion) (23.4\%) |
| Total expenditures | ₹34.83 trillion (US$460 billion) (1\%) |
| Tax cuts | None |
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 is the highest allocation ministry in budget 2021-22?
Defence, consumer affairs, home affairs and rural development were among the top sectors that received the highest budgetary allocations for FY 2021-22.
What are the six pillars of Union Budget 2021?
The Budget proposals for 2021-22 rest on 6 pillars.
- Health and Wellbeing.
- Physical & Financial Capital, and Infrastructure.
- Inclusive Development for Aspirational India.
- Reinvigorating Human Capital.
- Innovation and R&D.
- Minimum Government and Maximum Governance.
What are the key highlights of Union Budget 2021-22?
The key highlights of the Union Budget 2021-22 are as follows: Budget 2021 is based on six key pillars. Let us understand key proposals and initiatives for each of these. 1. Health and Wellbeing In the context of COVID 19, Health was the focus of Budget 2021.
What is the declared budget for covid support under Union Budget 2021-22?
The Union Budget for the year 2021-22 was announced by Hon’ble Finance Minister Nirmala Sitharaman on February 1st, 2021. 2. What is the declared budget for COVID support under Union Budget 2021-22? The Finance Minister has allotted Rs.27.1 lakh crore as COVID support to healthcare and wellbeing. 3.
What is the fourth pillar of Union Budget 2021 for Education?
Education sector was the fourth pillar of Union Budget 2021. Here are the key initiatives: School Education: 15,000 schools to be strengthened by implementing all NEP components. Shall act as exemplar schools in their regions for mentoring others. 100 new Sainik Schools to be set up in partnership with NGOs/private schools/states.
What is atmanirbhar package under which Union Budget 2021 has been announced?
Union Finance Minister Nirmala Sitharaman on Monday (February 1) announced a package of totalling Rs. 27.1 lakh to deal with COVID-19 pandemic under Atmanirbhar Package while presenting the Union Budget 2021 in the lower house of Parliament. This is the first paperless budget in the history of independent India.