BUDGET 20-21
- Reduced custom duty to alloy(steel/iron) to 7.5%
- 7 mega TEXTILE parks within 3 yrs time
- GAIL IOC HPCL Will sale pipeline assets
- Health will get FY22-2.2 lk cr
- By next yr 8500km of ROAD project will be completed
- Minimum of road transport n highway will get 1.18 lk cr
- FY-22 Fiscal deficit estimate -6.8%
- FY-21 Fiscal deficit- 9.5% Actual
- Security market code will be launched
- GOLD Exchange will be regulated by SEBI
- FDI in insurance- increase to 74% from 49%
- FY-22 PSUs will get 20k cr
- No restriction on OPC
- NCLT framework will be strengthen
- Small company’s PAID UP CAPITAL limit increased to 20Cr
- Main PSUs divestment will take in FY 21-22 INCLUDING 2 public banks & 1 General insurance co
- LIC IPO will be launched in FY-22
- 5 major fishing hubs would be developed in the country
- MSME will get 15,700 Cr
- 100 new army schools will be build
- National research foundation will get 50k cr
- Digital payment will be provided with an incentive of 1500 cr
- Estimated gross borrowing of govt for FY 22 would be 12 lk cr
- FISCAL DEFICIT Target of 4.5 % of GDP BY FY25-26
- Exemption for those above 75 yrs not to pay TAX having income from pension
- TAX AUDIT Limit increased from 5 cr to 10 cr for those making 95% transactions digitally
- Limit for reopening of IT Assessments reduced to 3 yrs from 6yrs
- Details of capital gain from listed exchanges, bank interest PPF interest will come pre filled in ITR FORMS
- Tax holiday period for start ups by 1 more year
- Increased Start up investment capital gain exemption by 1 more year
- Mobile components custom duty increased to 2.5%