Electrification of 100% broadgauge by end of 2023

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 Budget LIVE: Electrification of 100% broadgauge by end of 2023, FDI in insurance sector to increase from 49% to 74%

Electrification of 100% broadgauge by end of 2023

  • Exemption on PF and LTC possible in new tax system
  • Tax exemptions on health insurance premiums may increase
  • Exemption for one more year in interest on home loan
  • The amount of the Farmer Honors Fund may exceed 2000
Finance Minister Nirmala Sitharaman is presenting the budget. The ads so far have focused more on health and infrastructure. The finance minister has announced to spend Rs 2.27 lakh crore on road infrastructure in the four states to be elected this year, Tamil Nadu, Keran, Bengal and Assam. It focuses more on Tamil Nadu than on Bengal.


Budget LIVE: Electrification of 100% broadgauge by end of 2023, FDI in insurance sector to increase from 49% to 74%
A minute ago

Exemption on PF and LTC possible in new tax system
Tax exemptions on health insurance premiums may increase
Exemption for one more year in interest on home loan
The amount of the Farmer Honors Fund may exceed 2000

Finance Minister Nirmala Sitharaman is presenting the budget. The ads so far have focused more on health and infrastructure. The finance minister has announced to spend Rs 2.27 lakh crore on road infrastructure in the four states to be elected this year, Tamil Nadu, Keran, Bengal and Assam. It focuses more on Tamil Nadu than on Bengal.

How do you see this budget ...


Big budget talk

For health

  • Emphasis will be placed on nutrition. Mission Nutrition 2.0 will be launched. Water supply will be increased
  • Water-life missions will be launched in urban areas. 1.48 lakh crore will be spent on Urban Clean India Mission in 5 years
  • The pneumococcal vaccine will be launched across the country. It will save the lives of 50,000 children every year.
  • With a budget of Rs 64,180 crore, the Prime Minister's Self-Reliant Healthy India Scheme will be launched, in the same budget new diseases will be treated.
  • Critical Care Hospital will be started in 602 districts. The National Center for Disease Control will be strengthened.
  • An Integrated Health Information Portal will be launched to connect public health labs. 15 Health Emergency Operation Centers will be started.
For infrastructure

  • There is a need for a Development Financial Institute for the infrastructure sector. A bill will be brought for him. Rs 20,000 crore will be spent on it to build a lending portfolio of Rs 5 lakh crore in 3 years.
  • The focus will be on monetizing public infrastructure. The National Monetization Pipeline will be launched. It will have a dashboard to keep an eye on these matters.
  • The National Highways Authority will also attract international investment. Railways will also monetize the freight corridor. Monetization will also be the focus of any future airport.

For railways

  • Railways has formulated the National Rail Plan 2030. So that the Futur Regi railway system can be built and the logistical cost can be reduced. By June 2022 the Erston and Verston Dedicated Fred Corridor could be ready. Somnagar-Gomo Saxon will be built in PPP mode.
  • The Gomo-Damakuni section will also be made this way. Future Ready Corridor will be constructed at Kharagpur-Vijayawada, Bhusawal-Kharagpur, Itarsi-Vijayawada. By December 2023, 100 percent broad gauge electrification will be done.
  • Vista Dom coaches will be launched to give passengers a better experience. Train protection system will be introduced on high density network, high utilized network. This system will be developed in the country.
  • 1.10 lakh crore is being given to railways. 1.07 lakh crore is for capital expenditure only.
For the metro

  • A bus transport system will be introduced in the urban area. 20 thousand buses will be ready. This will help the auto sector and increase employment.
  • 702 km metro is currently running. Work is underway on a total of 1016 km metro in 27 cities. Metro lights and metro neo will be started in low-cost tier-2 cities.
  • Kochi Metro will have an 11 km stake at a cost of Rs 1,900 crore. Chennai will have a 180 km long metro route at a cost of Rs 63,000 crore.
  • Bengaluru will also have a 58 km long metro line at a cost of Rs 14,788 crore. Nagpur will get Rs 5,976 crore and Nashik Rs 2,092 crore.
For 3 states with elections

  • Rs 3.3 lakh crore has been provided for the Bharatmala project. Economic corridors will be created for road infrastructure. The 3500 km National Highway project will cost Rs 1.03 lakh crore in Tamil Nadu, the construction of which will start next year.
  • 1100 km National Highway will be built in Kerala. Under which Mumbai-Kanyakumari corridor will also be formed. In Kerala, Rs 65,000 crore will be spent on this.
  • Highways will be built in Bengal at a cost of Rs 25,000 crore. The Kolkata-Siliguri road will be upgraded. Rs 34,000 crore will be spent on the National Highway in Assam.

"I am presenting the budget for 2021-22. As soon as the lockdown ended, the Prime Minister announced a poor welfare scheme, which provided free food to 800 million people. 80 million people got free cooking gas. I am grateful to those who have been involved in delivering the service of need to the people. We then brought two more self-contained packages. We gave a total relief of 13 per cent of GDP or Rs 27.18 lakh crore.

Finance Minister Nirmala Sitharaman reached the Parliament House after handing over a soft copy of the budget to President Ramnath Kovind. A cabinet meeting was held here in which the budget was approved. This will be Nirmala Sitharaman's third budget. Both the general public and the business world have high hopes for this budget. The reason for hope is his statement given on December 18 last year. He said this time the budget would not have come in the last 100 years. The Economic Survey, tabled in Parliament on February 29, has many indications of this. If the budget is in line with these indications, then such special things can be seen.



Krishnamurthy Subramaniam, chief economic adviser who prepared the economic survey, said the time has come for the government to increase its spending and reduce the tax burden on the people. However, private companies are not in a position to increase costs at present. That is why the government has to increase the expenditure, but the government is short of money for the expenditure. That is why there is little hope of tax relief. Conversely, there is talk of imposing a balance of corona, even if it seems to be on higher-earning companies.

Krishnamurthy Subramaniam, chief economic adviser who prepared the economic survey, said the time has come for the government to increase its spending and reduce the tax burden on the people. However, private companies are not in a position to increase costs at present. That is why the government has to increase the expenditure, but the government is short of money for the expenditure. That is why there is little hope of tax relief. Conversely, there is talk of imposing a balance of corona, even if it seems to be on higher-earning companies.

Updates ..

Before the budget was presented, Minister of State for Finance Anurag Thakur said that the budget would be in line with the expectations of the people. The government is working on the mantra of 'Sauno Saath, Sauno Vikas and Sauno Vishwas'. The budget will give a new direction to the self-reliant India package. At the same time we will succeed in preventing the Koro epidemic and getting the economy back on track.

Installing the remainder of Super Rich Coro will increase government revenue
Oxfam estimates that if 4% tax is levied on India's 954 richest households, it could generate revenue equal to 1% of GDP, or Rs 2 lakh crore. The money from such cess or surcharge remains with the central government, the states do not get a share of it.

Read in Gujarati

Exemption may increase in the new tax system

Last year, a new system of income tax was introduced, in which there is no exemption other than NPS i.e. National Pension System. That is why very few people chose this option. The government has not released any figures. The finance minister can give a figure on this today.


Taxes on PF, LTC and donations can be waived to make the new system attractive. Corona's effect can also be seen on some ads. For example, the standard deduction limit for job seekers can be increased by Rs 50,000 due to the costs associated with work from home. The tax benefit on health insurance premium under section 80D can also be increased. The investment limit under 80C is Rs 1.5 lakh. The government has also received suggestions to increase it.

Taxes on PF, LTC and donations can be waived to make the new system attractive. Corona's effect can also be seen on some ads. For example, the standard deduction limit for job seekers can be increased by Rs 50,000 due to the costs associated with work from home. The tax benefit on health insurance premium under section 80D can also be increased. The investment limit under 80C is Rs 1.5 lakh. The government has also received suggestions to increase it.

Corona can double the cost of healthcare

Expenditure on healthcare is most likely to increase. Corona vaccine is estimated to cost Rs 25,000-30,000 crore. The health budget was Rs 67,484 crore last time. This can be doubled. The National Health Policy 2017 aims to spend 2.5-3% of GDP on healthcare from the Center. But in 2019-20 this could only reach 1.5%. According to World Health Statistics, India ranks 179th out of 189 countries in terms of government spending on health.

The target for agricultural debt could be Rs 19 lakh crore

Particular attention can be paid to farming in view of the peasant movement. The PM farmer scheme currently earns Rs 6,000 per year. Which can be increased by Rs. A target of Rs 19 lakh crore can be set for agricultural loans. Which was Rs 15 lakh crore last year.


Cheap housing can be encouraged to boost demand in the economy. And if nothing else, the government can extend the interest rebate of up to Rs 1.5 lakh for one more year like last year. In other words, in the income tax calculation, the exemption of Rs 2 lakh in interest on home loan was increased to a total of Rs 3.5 lakh.

Scheme may come for migrant laborers

Workers in the unorganized area are more affected by the corona. The International Labor Organization released the Global Wage Report 2020-21 in December. Accordingly, wages in the organized sector have declined by 3.6%, but the earnings of unorganized sector employees have declined by 22.6%. On the other hand, layoffs and other cost cuts have boosted the profits of listed companies by 25%. There may be some announcements in the budget to bring migrant workers under social security.


Import duty may increase for self-reliant India

Import duty on certain items may be increased under the Self-Reliant India Campaign. Last time, duty was also increased on many items, including mobile phones, electronics and electrical parts. Increasing import duty makes imported goods more expensive. This increases the sales of goods made in the country. The rules of GST can be simplified for small traders.

The stock market plunged about 2.5% on budget day last year

On the day of the budget, there are many fluctuations in the stock market. In the last 6 budgets of the Modi government, the market has been at a loss 4 times. One of which was the interim budget. Last year on Budget Day (February 1) the market closed with a decline of 2.43%.


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