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Budget 2021: Govt to set up Rs 20,000 cr DFI to promote infra financing.
Budget 2021: Ship Recycling capacity to double by 2024, generate 1.5 lakh jobs, says FM Nirmala Sitharaman
Budget 2021: Rural infra development fund increased to Rs 40,000 cr in FY22, announces FM Sitharaman
Budget 2021: Nirmala Sitharaman proposes Rs 1,500 crore-scheme to promote digital payments
Budget 2021: COVID-19 relief measures led to rise in expenditure in ongoing fiscal to Rs 34.50 lakh cr, says Nirmala Sitharaman
Budget 2021: FM Nirmala Sitharaman announces voluntary vehicle scrapping policy to phase out old vehicles
Budget 2021: FM Nirmala Sitharaman announces Rs 2.87 lakh-cr outlay for Jal Jeevan mission
Sitharaman allocated a record sum of Rs 1,10,055 crore for Indian Railways, of which Rs 1,07,100 crore has been reserved for capital expenditure in 2021-22.
“FDI in insurance companies has been increased from 49 percent to 74 percent, subject to specific compliance,” said Nirmala Sitharaman.
BPCL, Air India, Shipping Corp, Container Corp and other disinvestments will be completed in 2021-22.
The finance minister also announced the scrappage of income tax for senior citizens under certain conditions, new rules for the removal of double taxation, among others.
Agriculture Infrastructure and Development Cess (AIDC) has been proposed on petrol and diesel. It will Rs 2.5/litre on petrol and Rs 4/litre on diesel.
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