#BudgetwithCapitalVia

PART A

''Faith is the bird that feels the light and

sings when the dawn is still dark''.
-Rabindranath Tagore

Minimum Government, Maximum Governance (1/1)

 A VISION FOR ATMANIRBHAR BHARAT

HEALTH AND PHYSICAL & FINANCIAL INNOVATION

WELL-BEING CAPITAL & INFRASTRUCTURE AND R&D

REINVIGORATING INCLUSIVE DEVELOPMENT MINIMUM GOVT.,

HUMAN CAPITAL FOR ASPIRATIONAL INDIA MAXIMUM GOVERNANCE
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HEALTH AND
WELL-BEING

Total outlay of INR 2,23,846 crores against previous

year BE of INR 94,452 crores, an increase of 137%.

HEALTH SYSTEMS NUTRITION UNIVERSAL COVERAGE

OF WATER SUPPLY

Launch of PM AtmaNirbhar Launch of Mission Poshan Launch of The Jal Jeevan

³ɯƏɀɎǝ ǝƏȸƏɎçȒǴƏȇƏ 2.0 Mission (Urban)

Outlay of ~INR 64,180 XȇɎƺȇɀǣˡƺƳɀɎȸƏɎƺǕɵɎȒ Aim at universal water

crores over 6 years improve nutrition across 112 supply in all 4,378 Urban
Aspirational Districts nȒƬƏǼ ȒƳǣƺɀ

Outlay of INR 2,87,000 crores

over 5 years

RƺƏǼɎǝƏȇƳáƺǼǼ‫ ٮ‬ƺǣȇǕ٢‫אٖ׏‬٣
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SWACHH BHARAT,
SWASTH BHARAT
Aim to reduce air, soil and
water pollution
Implementation of Urban
Swachh Bharat Mission 2.0
Outlay of INR 1,41,678 crores
over 5 years.
INR 2,217 crores for 42
urban centres to control air
pollution
HEALTH AND
WELL-BEING
SCRAPPING POLICY VACCINES
Aim to phase out old and Made in India, Pneumococ-
unfit vehicles cal Vaccine to be rolled out
across country
Reduction in vehicular pol-
lution and reduction of oil Outlay of INR 35,000 crores
import bill for COVID-19 vaccine in BE
2021-22
Fitness test after 20 Years
for Passenger Vehicles and
15 years for Commercial
Vehicles
Health and Well-Being (2/2)
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PHYSICAL & FINANCIAL
CAPITAL &
INFRASTRUCTURE

PLI schemes to build global manufacturing champions for AtmaNirbhar

Bharat have been declared for 13 sectors. For this, the government has
committed nearly INR 1.97 lakh crores over 5 years starting FY22 .

TEXTILES GOVERNMENT RAILWAY

FINANCIAL REFORMS INFRASTRUCTURE

Mega Investment Textiles Development of Multi-State A National Rail Plan for

Parks (MITRA) will be
launched in addition to the
PLI scheme
7 Textile Parks will be
established over 3 years.
Cooperatives. Streamlining
the ‘Ease of Doing Business’
for Cooperatives and set up
a separate Administrative
Structure for them.
India –2030. The Plan is to
create a ‘future ready’ Rail-
way system by 2030.
A record amount of
INR 1,10,055 crores, of which
INR 1,07,100 crores for capital
spending.

Physical & Financial Capital, and Infrastructure (1/4)

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PHYSICAL & FINANCIAL
INFRASTRUCTURE
ASSET
MONETISATION
A “National Monetization
Pipeline”of potential
brownfield infrastructure
assets will be launched
Five operational roads with
an estimated enterprise
value of INR 5,000 crores are
being transferred to the
NHAI InvIT. Transmission
assets of a value of INR 7,000
crores will be transferred to
the PGCIL InvIT.
CAPITAL &
SHARP INCREASE IN
CAPITAL BUDGET
For 2021-22, a sharp in-
crease in capital expendi-
ture has been proposed. It
has been provided INR 5.54
lakh crores which is 34.5%
more than the BE of
2020-21.
A sum of INR 44,000 crores in
the Budget head has been
provisioned for the Depart-
ment of Economic Affairs
to be provided for various
projects, programmes that
show good progress on
Capital Expenditure
ROADS AND HIGHWAYS
INFRASTRUCTURE
1,100 km of National Highway
works in the State of Kerala
at an investment of INR 65,000
crores including 600 km sec-
tion of Mumbai-Kanyakumari
corridor in Kerala
Increased outlay of INR 1,18,101
lakh crores for the Ministry of
Road Transport and High-
ways, of which INR 1,08,230
crores are the maximum
ever.
Physical & Financial Capital, and Infrastructure (2/4)
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PHYSICAL & FINANCIAL
CAPITAL &
INFRASTRUCTURE
INFRASTRUCTURE FINANCING -
DEVELOPMENT FINANCIAL
INSTITUTION (DFI)
Proposed a Bill to set up a DFI
along with a sum of INR 20,000
crores to capitalise this insti-
tution.
Aim is to have a lending
portfolio of at least INR 5 lakh
crores for this DFI in three
years time
Debt Funding of InVITs and
REITs by Foriegn Portfolio
Investors would be allowed
by necessary legislative
changes
URBAN
INFRASTRUCTURE
A total of 702 km of conven-
tional metro is operational
and another 1,016 km of
metro and RRTS is under
construction in 27 cities.
Two new technologies i.e.,
‘MetroLite’ and ‘MetroNeo’
will be deployed to provide
metro rail systems at much
lesser cost with the same ex-
perience, convenience and
safety in Tier-2 cities and pe-
ripheral areas of Tier-1 cities.
Physical & Financial Capital, and Infrastructure (3/4)
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PHYSICAL & FINANCIAL
CAPITAL &
INFRASTRUCTURE

INFRASTRUCTURE INCREASING FDI IN

National Infrastructure
Pipeline (NIP),The NIP was
launched with 6835 projects
the project pipeline has
now expanded to 7,400
projects.
Primary Focus is on:
A.Creating the institutional
structures
INSURANCE SECTOR
Proposed to amend the Insur
ance Act, 1938 to increase -
the permissible FDI limit
from 49% to 74% in Insur
ance Companies and allow -
foreign ownership and con
trol with safeguards. -

B.By focusing extensively

on monetizing properties

C. Improving capital spend-

ing in central and state
budgets

Physical & Financial Capital, and Infrastructure (4/4)

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INNOVATION
AND R&D

Strengthening the research ecosystem of the country with a

focus on identified national priority thrust areas.

NATIONAL RESEARCH PROMOTING DIGITAL NATIONAL LANGUAGE

FOUNDATION PAYMENTS TRANSLATION MISSION

Plan to setup National INR 1,500 Cr to promote Launch of National

Research Foundation (NRF) digital transactions Language Translation

Outlay of INR 50,000 Cr for

5 Years Governance and Policy relat-
ed knowledge to be available
in major Indian Languages
Mission (NTLM)

Innovation and R&D (1/2)

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INNOVATION
AND R&D

SPACE EXPLORATION SEA EXPLORATION

New Space India Limited Launch of Deep Ocean mis-

(NSIL) to execute sion with outlay of INR 4,000
PSLV-CS51 launch Cr over 5 years

First unmanned mission To cover deep ocean survey

(Gaganyan) is slated to exploration for conservation
launch in December’2021 of deep sea bio-diversity

Innovation and R&D (2/2)

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INCLUSIVE
DEVELOPMENT
FOR ASPIRATIONAL
INDIA

Total outlay for the execution of aspirations under

this pillar is INR 30700 crores

AGRICULTURE FISHERIES

Agricultural credit target to 5 major fishing harbours-

be set at INR 16.5 lakh crores
Rural Infrastructure Fund
to be increased by INR 10000
crores
Micro Irrigation Fund is
increased by INR 5000 crores
1000 mandis to be integrated
with e-NAM
Kochi, Chennai, Visakhapa-
tnam, Paradip, Petuaghat
to be developed as hubs of
economic activity.
Seaweed farming to be
promoted and Multipur-
pose Seaweed park to be
established in Tamil Nadu.
Inclusive Development for Aspirational India (1/2)
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INCLUSIVE
DEVELOPMENT
FOR ASPIRATIONAL
INDIA

MIGRANT WORKERS FINANCIAL

& LABOURERS INCLUSION

One nation and One ration Margin money reduced

card scheme under implementation
in 32 states and UTs
Launch of a portal which
will collect relevant data on
gig and construction workers-
from 25% to 15% under
Stand up India scheme for
Women, SCs & STs.
INR 15700 crores provided
to MSME

Implementation of 4 labour
codes, minimum wages
will apply to all sections of
workers and will be covered
by ESIC.

Inclusive Development for Aspirational India (2/2)

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REINVIGORATING
HUMAN CAPITAL

Introduction of Legislation for Setting-Up of Higher Education Commission of

India. An umbrella body has been proposed having 4 separate vehicles for
standard-setting, accreditation, regulation, and funding.

SCHOOL EDUCATION HIGHER EDUCATION

15,000+ schools to be Legislation to set-up Higher

strengthened in alignment Education Commission of
with National Education India to be introduced
Policy
Central university in Leh will
100 new Sainik Schools to be be setup
set up in partnership with
NGOs/ private schools/states.

Reinvigorating Human Capital (1/2)

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REINVIGORATING
HUMAN CAPITAL

SCHEDULED CASTES & SKILLING

SCHEDULED TRIBES WELFARE

750 Eklavya schools to be ȅƺȇƳȅƺȇɎɎȒȵȵȸƺȇɎǣƬƺ‫ٮ‬

setup in tribal areas
Unit cost of school to be in‫ٮ‬
ƬȸƺƏɀƺƳǔȸȒȅXz«‫!׎א‬ȸɎȒ
INR 38 Cr
ship Act to enhance appren‫ٮ‬
ticeship opportunities for
youth.
Outlay of INR 3,000 crores

…ɖɎǼƏɵȒǔXz«‫ח׏אًדב‬ƬȸȒȸƺɀ
ǔȒȸ‫ה‬ɵƺƏȸɀɎȒƫƺȇƺˡɎ‫ג‬ƬȸȒȸƺɀ
³!ɀɎɖƳƺȇɎɀ
!ȒǼǼƏƫȒȸƏɎǣɮƺÁȸƏǣȇǣȇǕXȇɎƺȸ
ÁȸƏǣȇǣȇǕ¨ȸȒǕȸƏȅȅƺ٢ÁXÁ¨٣
ƫƺɎɯƺƺȇXȇƳǣƏƏȇƳhƏȵƏȇɎȒ
ƫƺƺɴȵƏȇƳƺƳɎȒȅȒȸƺƬȒɖȇ‫ٮ‬
tries

«ƺǣȇɮǣǕȒȸƏɎǣȇǕRɖȅƏȇ!ƏȵǣɎƏǼ٢‫אٖא‬٣
#BudgetwithCapitalVia
MINIMUM GOVT.,
MAXIMUM
GOVERNANCE

Under this pillar Government has laid out INR 123220 crores for a
wide array of activities, along with it a Conciliation Mechanism
for settling of Contractual disputes is also being constituted.

DIGITAL CENSUS WELFARE FOR FISCAL POSITION

TEA WORKERS

INR 3768 crores allocated for
the first digital census of
Independent India. INR 300
crore to Goa for its Diamond
Jubilee celebration of
Liberation from Portugese
rule.
Provision of INR 1000 crores
for the welfare of Tea
workers in Assam and West
Bengal.
INR 118452 crores to be provid
-
ed to 17 states for revenue
deficit in 2021-2022.
Fiscal deficit to be brought
down below 4.5% by
2025-2026 and Fiscal deficit
for 2021-2022 pegged at
6.8%.

Minimum Government, Maximum Governance (1/1)

 #BudgetwithCapitalVia

PART B

“A King/Ruler is the one who creates and acquires wealth,

protects and distributes it for common good.”
- Thirukkural 385
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DIRECT TAX PROPOSALS

In order to simplify tax administration, ease compliance and
reduce litigation steps have been taken

Relief to senior citizens Reduction in time for IT proceedings

Citizens above 75 years of age with Re-opening of assessment period reduced

only interest and pension income are from 6 years to 3 years. In case of Serious
exempt from returns filing. cases of tax evasion of INR 50 lakhs or more
in an year the assessment can be reopened
within 10 years.
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RELAXATION TO NRIS EXEMPTION FROM AUDIT

Steps being taken to solve the prob- The turnover for mandatory tax audit has
lem due to double-taxation of NRIs due been increased from INR 5 crore to
to mismatch in taxation periods. INR 10 crores.

RELIEF FOR DIVIDEND

Advance tax liability on Dividend income

will arise only after the declaration/pay-
ment of dividend.
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ATTRACTING FOREIGN INVESTMENT INCENTIVES FOR START-UPS

INTO INFRASTRUCTURE SECTOR
FM has proposed to extend the capital
Infrastructure Debt Funds eligible to gains exemption for investment in
raise funds by issuing tax efficient Zero start-ups by one more year
Coupon Bonds. till 31st March, 2022.
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CUSTOMS DUTY
Previous Now
Electronic and mobiles Nil 2.50%
Copper recyclers 5.00% 2.50%

Chemicals (naptha) 5.00% 2.50%

Gold and Silver 12.50% 7.50%

Renewable energy 5.00% 20.00%

Auto Parts 7.55%-10% 15.00%

Raw Silk 10.00% 15.00%
Silk Yarn 10.00% 15.00%

Cotton Nil 10.000%

Leather Nil 10.000%

Textile Industry

a)Nylon chips 7.50% 5.00%

b)Nylon fibre and yarn 7.50% 5.00%

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