Budget 2021 speech highlights: IPO of LIC to come in 2021-22, says FM

Budget 2021 speech highlights: IPO of LIC to come in 2021-22, says FM

Finance Minister Nirmala Sitharaman says preparation of this Budget was taken under circumstances like never before

Finance Minister Nirmala Sitharaman is expected to announce steps to further boost the economy and create jobs in her third Budget speech today Finance Minister Nirmala Sitharaman is expected to announce steps to further boost the economy and create jobs in her third Budget speech today

Highlight91:Budget will bring several positive changes for individuals, investors, industry and infrastructure sector: Modi#

Highlight90:This Budget talks of all-round development for all parts of country; Record increase in allocation for infrastructure building, says PM#

Highlight89: It's a pro-active budget that gives boost to wealth as well as wellness: PM Modi#

Highlight88:This was one of rare Budget speeches that elicited so many positive reactions from experts within 1-1.5 years#

Highlight87:Budget contains vision of self-reliance as well as inclusiveness, says PM Modi#

Highlight86: No change in income tax rates, 80C and 80D limits#

Highlight85:Customs duty on cotton, raw silk raised#

Highlight84:Customs duty on certain auto parts, solar equipment raised#

Highlight83:Rationalising customs duties on gold and silver: FM#

Highlight82:Govt proposes to review over 400 old exemptions in indirect taxes; to begin extensive consultation from October 2021#

Highlight81:Tax holiday for startups extended by 1 yr; exemption on capital gains on investment in startups extended by 1 yr#

Highlight80:FM Nirmala Sitharaman tables 15th Finance Commission report in Lok Sabha#

Highlight79:FM proposes to impose import duty on components of mobile phones and chargers, to enhance local value addition#

Highlight78:Agri infra cess of Rs 2.5 per litre on petrol and Rs 4 per litre on diesel proposed#

Highlight77:Government estimates fiscal deficit of 6.8 per cent of the GDP in the next financial year beginning April 1#

Highlight76:Customs duty on certain auto parts, solar equipment raised#

Highlight75:Govt proposes to review over 400 old exemptions in indirect taxes; to begin extensive consultation from October 2021#

Highlight74:Coronavirus pandemic relief steps led to rise in expenditure to Rs 34.50 lakh crore in the current fiscal as against Rs 30.42 lakh crore budgeted a year ago#

Highlight73:Rs 1.5 lakh deduction on payment of interest for affordable housing extended by 1 year#

Highlight72:Govt proposes to ease norms to attract more foreign investment in infrastructure sector#

Highlight71:Gross market borrowings target of Rs 12 lakh crore for FY 22#

Highlight70:Record GST collections in last few months; govt to take every possible measure to reduce anomalies: FM#

Highlight69:Tax holiday for startups extended by 1 yr; exemption on capital gains on investment in startups extended by 1 yr#

Highlight68:Fiscal deficit for FY21 pegged at 9.5% of GDP#

Highlight67:No need for senior citizens above 75 years with only pension, interest income to file ITR#

Highlight66:Income tax return filers increased to 6.48 cr in 2020 from 3.31 cr in 2014#

Highlight65:States to get 41% share of taxes as per 15th Finance Commission recommendation; govt has accepted the recommendation#

Highlight64:FM allocates Rs 3,726 cr for forthcoming Census which will be the first digital census#

Highlight63:Seven port projects worth more than Rs 2,000 crore investment announced#

Highlight62:Rs 1,500 cr earmarked for scheme to incentivise digital payments#

Highlight61:One nation, one ration card plan under implementation in 32 states, 1 union territory#

Highlight60:Govt to infuse Rs 20,000 crore into public sector banks in 2021-22: FM#

Highlight59:Govt to soon put in place a framework to allow electricity consumers choose service providers or discoms: FM#

Highlight58:Farmers paid Rs 75,100 crore on wheat MSP in FY21#

Highlight57:The MSP regime has undergone a change to assure price that is at least 1.5 times the cost of production across all commodities: FM#

Highlight56:Govt committed to the welfare of farmers#

Highlight55:Ujjwala scheme will be expanded to over 1 crore more beneficiaries#

Highlight54:FM proposes record sum of Rs 1,10,055 crore for Railways of which Rs 1,07,100 crores is for capital expenditure#

Highlight53:Two PSBs and one general insurance company to be divested, legislations amendments to be introduced in this session#

Highlight52:FM says NITI Aayog to be asked to work on next list of CPSEs for disinvestment#

Highlight51:FM announces voluntary vehicle scrapping policy to phase out old and polluting vehicles#

Highlight50:FY22 divestment target set at Rs 1.75 lakh crore#

Highlight49:All divestments announced so far will be carried out in 2021-22#

Highlight48:IPO of LIC to come in 2021-22, says FM#

Highlight47:FM proposes capital expenditure at Rs 5.54 lakh crore, 34% higher than last year#

Highlight46:FM proposes introduction of Aatmanirbhar health programme with an outlay of Rs 64,180 cr#

Highlight45:India now has one of the lowest COVID19 death rates of 112 per million population and one of the lowest active cases of about 130 per million, says FM#

Highlight44:Budget proposals rest on 6 pillars, including health and well-being; physical and financial capital: FM#

Highlight43:This Budget will be the first of this new decade. Budget 2021 will also be a digital budget, says FM#

Highlight42:Rs 35,000 crore more allocated to Covid 19 vaccines in 2021-22, committed to providing more funds, says FM#

Highlight41:It has added comfort to know that 2 more Covid vaccines are also expected soon#

Highlight40:The PM Garib Kalyan Yojana, the three Aatma Nirbhar Bharat packages and subsequent announcements were like five mini-budgets in themselves, says FM#

Highlight39:Govt fully prepared to support and facilitate economic reset, says Sitharaman#

Highlight38:Preparation of this Budget was taken under circumstances like never before, says FM#

Highlight37:Higher deductions on housing loans are likely to be announced in FM's Budget speech#

Highlight36:Budget copies will be disseminated electronically, with documents being uploaded on the government website as well as being made available on a special app#

Highlight35:Rupee rises 7 paise to 72.89 against US dollar in early trade#

Highlight34:Establishment of a bad bank to clean up banks' balance sheets is likely to be announced#

Highlight33:The budget will come as an economic vaccine for the pandemic-battered economy, said the Indian Chamber of Commerce (ICC)#

Highlight32: Sensex surges 443 pts to 46,728 in opening trade, Nifty up 114 pts at 13,749#

Highlight31:More support to real estate sector is expected from the government, especially affordable housing segment#

Highlight30:Arun Singh, Global Chief Economist at Dun and Bradstreet said a big bang package of reforms is on the anvil in Budget#

Highlight29:The government is expected to disclose revenue from the privatisation of companies such as BPCL, Air India and Shipping Corporation of India#

Highlight28:This is the ninth budget under the Modi government, including an interim one#

Highlight27:GST collections hit all-time high of about Rs 1.20 lakh crore in January on resumption of economic activities#

Highlight26: Health infra, demand revival, banking sector reforms, fiscal consolidation and implementation of 15th Finance Commission report need to be addressed in Budget, said Brickwork Ratings#

Highlight25: India Ratings and Research sees fiscal deficit at over 7% in the current fiscal as against budget target of 3.5 per cent#

Highlight24: India Ratings and Research has projected Rs 60,000-crore revenue shortfall in the fiscal year ending March 31#

Highlight23: Market borrowings are expected to remain elevated and external deficit financing would increase, according to experts#

Highlight22: The annual GDP for FY21 will decline by 7-8 per cent, one of the weakest performances among developing nations, say economists#

Highlight21: Tax relief measures for pandemic-hit sectors such as real estate, aviation, tourism and auto are expected#

Highlight20:PM Narendra Modi has said budget will be in continuation of government efforts to revive sectors impacted by pandemic#

Highlight19:The government expects the economy to grow at 11% in next fiscal fiscal#

Highlight18: The economy is projected to contract 7.7% in the current fiscal year#

Highlight17:A hike in infrastructure spending is on anvil to put economy on high-growth path#

Highlight16: Sensex has scaled the key 50,000 mark ahead of Budget on January 21. However, profit booking has taken index back to 46K  level#

Highlight15:The govt may impose Covid-19 cess for high-income earners to earn revenue from income tax#

Highlight14: The government could focus more on offering incentives to private investments for public infrastructure development#

Highlight13:The pharmaceutical sector is expecting more reduction in duties to bring down the prices of medicines#

Highlight12: Expenditure on health sector is also likely to be raised amid the challenges posed by pandemic#

Highlight11: Government is expected to focus on growth instead of containing fiscal deficit to put the pandemic-hit economy back on on growth path#

Highlight10: Middle class hit by Covid 19 pandemic expects government to announce measures to help increase its savings#

Highlight9: Government is expected to announce steps to further boost the economy and create jobs#

Highlight8:Finance minister is likely to announce raising of exemption limit under section 80C to Rs 2 lakh#

Highlight7: Upper limit on health insurance premiums under Section 80D is likely to be raised#

Highlight6:Centre could also make provisions for Covid-19 related expenses#

Highlight5:Tax deduction toward increased health expenses on account of Covid-19 is expected#

Highlight4:Centre's fiscal deficit is also going to swell to double of the 3.5 per cent of the GDP projected in February 2020#

Highlight3:Relief on income tax front is unlikely since coronavirus pandemic has badly affected government's finances#

Highlight2:Narendra Modi government to present its first Budget amid tough times of Covid-19 pandemic#

Highlight1: Finance Minister Nirmala Sitharaman will present her third consecutive Union Budget in Parliament on February 1, 2021#

Published on: Feb 01, 2021, 5:36 AM IST
Posted by: Aseem Thapliyal, Feb 01, 2021, 5:36 AM IST