Useful Update Budget Highlights
Budget Highlights:
The Indian stock market boosted the budget
Enthusiasm in the market from the budget, the Sensex rose 2000 points
* No change in Incometax slab
* No tax relief to the working class
* 2.5 per cent customs duty will be levied on mobile parts
* Mobile phones are likely to become more expensive
* Mobiles and chargers will be expensive
* Gold-silver likely to be cheaper
* Reduced customs duty on steel by 7.5 per cent
* Increased custom duty on autoparts
* Iron-steel will be cheaper
* Big announcement for senior citizens above 75 years
* No more income tax for 75 year olds
* Tax exemption only for pensioners, senior citizens
* Extended relief for 1 year for cheap building
* Starchup tax exemption till 31st March 2022
* Exemption on home loan till the year 2022
* Mission Nutrition 2.0 will be launched
* Allocation of Rs 2,23,849 crore for health
* Amrut Yojana will be taken forward in the city under Bharat Mission.
* Rs 2,87,000 crore will be allocated for Amrut Yojana
* 35 thousand crore advertisement for corona vaccine
* More emphasis will be placed on health this year
* There will be a scrap policy for older vehicles
* Under a self-sufficient India, farmers’ income will double
* Health and infrastructure budgets will be increased
* 7 textile parks will be built
* 1.03 lakh crore for Tamil Nadu National Highway project, which will include economic corridors
* National highway worth Rs 65,000 crore will also be constructed in Kerala
* Mumbai-Kanyakumari Economy Corridor announced
* Announcement of Kolkata-Siliguri National Highway Project in West Bengal
* Allocation of 1 lakh 10 thousand 55 crore to Railways
* Vista Dome coaches will be built on the railways
* National Rail Plan 2030 ready
* Customers will get the option to choose the power company
* Implemented public bus transport system at a cost of Rs 18000 crore
* Major reforms were made in the energy sector, with a Rs 3 lakh crore scheme announced in the power sector
* Announcing the creation of a hydrogen plant
* Projects in the energy sector will be completed under the PPP model
* Gas pipeline project to be started in Jammu and Kashmir
* One crore more beneficiaries will be connected under Ujjawala scheme
* FDI in the insurance sector can now be up to 74 per cent, earlier it was 49 per cent
* Creating a charter for investors will be announced
* Air India will be sold by the government
* LIC’s IPO will come this year
* Tax audit limit has been increased from Rs 5 crore to Rs 10 crore.
* 3 year old pending tax case will not be opened. Only in serious cases will a 10 year old case be opened.
* NRIs will be exempted from audit.
Customers will now be able to choose the power distributor of their choice
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