Budget 2021 Highlights: From Railways, Highways, Coronona vaccine and more, know what benefits FM Nirmala Sitharaman announced today
Finance Minister Nirmala Sitharaman on Monday unveiled the budget for fiscal 2021-22, that aims to shore up an economy badly-hit by the novel coronavirus pandemic.
ZeeBiz WebTeam | Feb 01, 2021, 03:34 PM IST
The economy is projected to contract 7.7% in the current fiscal year, although the government forecasts growth of 11% for the coming fiscal year, after a massive COVID-19 vaccination drive and a rebound in consumer demand and investments. These are the initial highlights from Sitharaman`s fiscal 2021-22 budget speech:
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2.2 trillion rupees on healthcare
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New federal health scheme
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350 billion rupees for COVID-19 vaccines
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New vehicle scrapping policy
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Monetising infrastructure assets
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2.87 trillion rupees ($39.40 billion) for clean water
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No tax on REITs, InViTs dividend
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No change in Income tax slab
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Import duty on gold and silver
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New structure of custom duty
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No tax for startups for another year
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Budget 2021: Affordable housing
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Budget 2021:Old Income Tax matters
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No tax for those above 75 years
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