The new distribution under horizontal devolution remains broadly unchanged compared to the interim report
The new centrally sponsored schemes include Mission Shakti, Saksham Anganwadi, Poshan 2.0, and Rashtriya Pashudhan Vikash Yojana
Allocation for farm and allied activities has been cut
The Union budget will bring in a positive change for investors, businesses and the general public, said Minister of State (MoS) for Finance, Anurag Thakur on Monday."We've focused on micro, small and medium enterprises (MSME) and infrastructure. We are also going to spend big on the healthcare sector. We've allocated around Rs 1.10 lakh crores for roadways and railways each. This Budget will bring in a positive change for investors, businesses and the general public," Thakur told ANI.In a comparison with the previous United Progressive Alliance government at the Centre, he said that during UPA rule, crops worth Rs 3.75 lakh crore were procured whereas the NDA government procured crops worth Rs 8 lakh crore.He said the development cess that is introduced in the budget will be used to strengthen basic infrastructure in agriculture.
States will receive Rs 10.33 trillion in grants
There is yet no clarity on how this fund will be raised, how much states will contribute, and how much the new vaccines will cost
With grants, the transfer is roughly 50-50 of divisible tax pool between Centre, states; N K Singh says Commission worked without any bias
Allocation jumps 118% over RE to Rs 2.23 trillion; Rs 35,000 cr earmarked for Covid vaccination
Does away with loans from National Small Savings Fund to Food Corporation of India
A snapshot of the key numbers released by Finance Minister Nirmala Sitharaman in Union Budget 2021
The onus was on the government to do the heavy lifting for reviving the investment cycle as a broad-based recovery in private capex is not yet in sight
Refreshingly, both in healthcare and infrastructure, the FM has talked about a plan that stretches well beyond a year. Along with education, these form the foundation for an inclusive society
Small savings, which will chip in a record Rs 4.8 trillion, breathe life into stimulus
In FY21, the gap between revenue and expenditure reached Rs 18.48 trillion in the revised estimate. For FY22, the gap is expected to be Rs 15 trillion
The budget aims to provide justice to the farmers, general public and introduce reforms in all the sectors including law, he added
At 15.9%, capex share in total spend for FY22 will be the highest in over a decade
The best thing about the Budget is that it's citizen-centric and investment-based, a national Budget for Indians, says Bidapa
There has been less fudging with the revised estimates (RE) of 2020-21.
The writing is on the wall. The next investment product to lose the unwarranted tax exemption will in all likelihood be traditional life insurance products
Reduction of time span for reopening assessments will reduce fear of the taxman