FY 2021-22 Indian Union Budget – part (A)-1

Hello everyone welcomes to Twinkle Talks (www.twinkletalks.com). In this article, I am going to discuss the Indian union budget for the Financial year 2021-22 introduced by Financial Minister Srmt. Nirmala Sitharaman Garu in the Indian parliament on 1-02-2021.

Total Budget  = Rs. 3,48,3236/- crores
Revenue Income     = Rs. 1,78,8424/- crores
Capital          = Rs. 1,69,4812/- crores

Indian Finance Minister Introduced the Union Budget in two parts like Part-A and Part-B. In this article we are going to discuss some topics in Part-A.

1.. New Income Slabs Rates for AY 2021-22: ( same as previous Year 2020-21)

a) For Individuals (Aged less than 60 years).

Ministry of Finance, introduced the new income tax slabs for the FY2020, check the details & compare with previous one in below tabular columns.

Individuals
Income slab (income per annum)Tax %
Upto Rs. 2.5 Lakhs0
Rs. 2,50,001  to Rs. 5,00,0005%
RS.5,00,001 to Rs. 7.5 Lakhs10%
Rs. 7,50,01 to Rs. 1 crore15%
Rs. 10,00,001 to Rs. 12.5 crore20%
RS. 12,50,001 to Rs. 15,00,00025%
Above Rs. 15 crore30%

Part – A

The budget proposals for 2021-22 rest on 6 pillars.

  1. Health and wellbeing.
  2. Physical and financial capital, and infrastructure.
  3. Inclusive development for Aspirational India.
  4. Reinvigorating human capital.
  5. Innovation and R&D.
  6. Minimum Government and Maximum governance.

1. Health and Wellbeing

Ministry of Finance allocated Rs. 2,23,846/- cr for the Health sector.

a) Covid-19 vaccination: 

Photo by Thirdman from Pexels

Government provided ₹ 35,000 /- crores for the covid-19 vaccine for BE 2021-22 and the Indian government committed to provide further funds if required.   

b) Swachch Bharat, Swasth Bharat:

Swatch Bharath

The Urban Swachch Bharat Mission 2.0″ will be implemented with a total financial allocation of ₹ 1,41,678/- crores over 5 years from 2021-26.

Indian government focused on:

Faecal sludge management
Wastewater treatment
Source segregation of garbage
Reduction in single-use plastic
Reduction in air pollution by effectively managing waste from construction
Demolition activities
Bio- remediation of all legacy dump sites
  • c) Clean Air: The Government was providing ₹ 2,217 /- cr to tackle the burgeoning problem of air pollution in 42 urban centres with a million-plus population.
  • d) The Jal Jeevan Mission(Urban): This MIssion will be implemented over 5years, with an outlay of ₹ 2,87,000 /- cr.
Jal Jeevan Mission

It Aims at a universal water supply in all 4,378 Urban local bodies with 286 crores household tap connections.

Liquid waste management, in 500 AMRUT cities.

e) PM Atmanirbhar swasth Bharath Yojana:   ₹ 64,180/- allotted to this centrally sponsored scheme over 6 years. This will develop capacities of primary, secondary, and teritary care Health sysytems, strengthen existing natioanl institutions, and create new institutions.

The Main Interventions under the scheme are

Support for17,788 rural and 11,024 urban health and wellness centers.
Establishing critical care hospital blocks 602 districts and 12 central institutions.
Setting upintegrated public health labs in all districts and 3382 block public health units in 11 states.
Setting up15 Health Emergency Operation centers and 2 Mobile hospitals
Operationalisation of17 new Public Health Units 
AlsoStrengthening of 33 existing Public health units at Points of entry, i.e, 32 Airports, 11 Seaports and 7 Land crossings.
Setting up A National Institutions for health, a Regional Research Platform for WHO South East Asia Region.
Also9 Bio-safety Level III laboratories and 4 regional National Institues for Virology.
PM Atma Nirbhar Swasth Bharat Yojana

d) Scrapping policy:

Photo by Pamela Marie from Pexels

Ministry of finance separately announced the scrapping policy, to phase out old and unfit vehicles voluntarily by the vehicle owners to the scrap.
Vehicles would undergo fitness tests in automated fitness centres;

In case ofAfter
Personal vehicles 20 years of purchasing
Commercial vehicles15 years of purchasing.
Details of the scheme will be separately shared by the party

Also Read :

Leave a Reply

Your email address will not be published.

Kishore Kumar golden hits

25th January 2021

error: Content is protected !!