PM Atmanirbhar Swasth Bharat Scheme: The Prime Minister talked about the need to address health issues in a holistic manner and to adopt a four-pronged strategy for a healthy India that includes implementing the PM Atmanirbhar Swasth Bharat scheme. Four-Pronged Strategy for a Healthy India: Prevention of illness and promotion of wellness including measures such […]
Tag: Budget 2021
National Hydrogen Mission of India : Proposals
National Hydrogen Mission: India has announced a National Hydrogen Mission. The proposal in the Budget will be followed up with a mission draft over the next couple of months. And while proposed end-use sectors include steel and chemicals, the major industry that hydrogen has the potential of transforming is transportation — which contributes a third […]
Policy Target Of Doubling Farmers Income By 2022
Policy Target Of Doubling Farmers’ Income By 2022: The Central Government admitted that no actual assessment of farm income has been carried out since 2013. The Government of India in its Annual Budget 2016-17 set a policy target of doubling farmers’ income by 2022. Agriculture sustains livelihood for more than half of India’s total population. […]
Provident Fund (PF) : Budget 2021 Proposed To Tax The Interest Income
Provident Fund (PF): Union Budget 2021-22 proposed to tax the interest income on Provident Fund (PF) contributions by employees exceeding Rs. 2.5 lakh a year. The Ministry of Finance expressed concerns over investments as much as Rs. 1 crore each month into PF and suggested it was unfair that they get tax concessions as well […]
What Is MetroNeo in the Union Budget 2021?
MetroNeo: By making a sizeable budgetary allocation for MetroNeo in the Union Budget, the central government has paved the way for the innovative system of mass transport, which could soon be replicated across the country. To be adopted for the first time in the country in Maharashtra’s Nashik, MetroNeo is a comfortable, rapid, energy-efficient, and […]
Jal Jeevan Mission (Urban) – Budget 2021 : Key Points
Jal Jeevan Mission (Urban): In the Budget 2021-22, Jal Jeevan Mission (Urban) has been announced under the Housing and Urban Affairs Ministry to provide universal coverage of water supply to all households through functional taps in all statutory towns in accordance with Sustainable Development Goal- 6. It complements the Jal Jeevan Mission (Rural) which envisages […]
Asset Reconstruction Company – Budget 2021 : Key Points
Asset Reconstruction Company: In the Budget 2021-22, Asset Reconstruction Company (ARC) has been proposed to be set up by state-owned and private sector banks, and there will be no equity contribution from the government. The ARC, which will have an Asset Management Company (AMC) to manage and sell bad assets, will look to resolve stressed […]
Mega Investment Textiles Parks (MITRA) : Highlights
Mega Investment Textiles Parks (MITRA): The Finance Minister, Nirmala Sitharaman, announced during the Union Budget 2021 presentation that the Government has proposed a “Mega Investment Textiles Parks (MITRA) scheme”. Highlights The scheme will enable the textile industry to become globally competitive. It will help the industries to attract large investments and boost employment generation besides […]
Union Budget 2021 : Key Points | Highlights
Budget 2021: Finance Minister Nirmala Sitharaman said that the Budget proposals for this financial year rest on six pillars — health and well-being, physical and financial capital and infrastructure, inclusive development for aspirational India, reinvigorating human capital, innovation, and R&D, and ‘Minimum Government, Maximum Governance’. Significant announcements included a slew of hikes in customs duty […]
Voluntary Vehicle Scrappage Policy : Budget 2021
“Voluntary Vehicle Scrappage Policy”: The Finance minister of India, Nirmala Sitharaman, has proposed for the “Voluntary Vehicle Scrappage Policy”. This proposal was made during the presentation of the Union Budget for Financial Year 2022. The voluntary vehicle scrappage policy will help to scrap out the unfit and pollution-causing vehicles. The new policy will help in […]
