Union budget 2021 live updates-
Sitharaman: Tax holiday for affordable housing extended for one more year till March 31, 2022
Union Budget 2021: Propose to make dividend payments to REIT (estate investment trusts) and Invit’s (Infrastructure investment trusts) exempt from TDS, says FM.
Welcome relief granted to Senior citizens above 75 age and having only pension and interest income from filing tax returns, says Shailesh Kumar, Partner, Nangia & Co LLP. Significant increase in number of tax return filers is a good indicator of increasing the tax base in India, he added.
Finance Minister Nirmala Sitharaman has started presenting the Union Budget 2021-22 in Parliament. FM said the budget for 2021-22 rests on six pillars – from healthcare to infrastructure.
The budget of Aatma-Nirbhar India is 13 percent of GDP. The self-sufficient India package encouraged reforms. There are three special schemes in it. There is a self-sufficient package of 27.1 lakh crores. Self-sustaining Swasth Bharat Scheme will be launched for the health sector.
The Finance Minister said that a total financial allocation of Rs 1,41,678 crore will be made to Urban Clean India Mission 2.0 over a period of 5 years till 2026.
Mumbai-Kanyakumari National Highway to be built-
3500 km in Tamil Nadu at a cost of 1 lakh crore, Kerala 1100 km highway constructed at a cost of 65000 crore
25 thousand crores has been allocated for road projects in West Bengal.
Nirmala Sitharaman says they will spend Rs 64,180 crore for healthcare over the next six years,
It will be spent on primary, secondary and tertiary healthcare.
The total estimate of all relief measures announced by govt & RBI so far is Rs 27.1 lakh cr (13% of GDP), the Finance Minister says.
‘Global economy, which was slowing down, was pushed into uncertainty due to COVID-19. The risk of not having a lockdown was far more, far too high’: FM
“The government stretched its resources to provide for the most vulnerable,” she said.
