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What are the main points of Budget 2021?

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What are the main points of Budget 2021?

This year’s Budget lays focus on the seven pillars for reviving the economy – Health and Wellbeing, Physical and Financial Capital and Infrastructure, Inclusive Development for Aspirational India, Reinvigorating Human Capital, Innovation and R&D, and Minimum Government Maximum Governance.

What is the theme of Budget 2021-22?

The vision of the Union Budget 2021-22 is to extend the goal of Atmanirbhar Bharat by increasing self-reliance and India’s ability to become a global manufacturing hub across sectors. The 2022 Union Budget is based on the following six pillars: Health and well-being. Physical and capital infrastructure.

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Will Budget 2021 be passed?

The 2021 Union Budget of India was presented by the Minister of Finance on the 1st of February, 2021….2021 Union budget of India.

Emblem of India
Submitted 1 February 2021
Submitted to Parliament of India
Presented 1 February 2021
Passed 17 March 2021

What is the conclusion of Union Budget 2021?

Conclusion. Budget 2021 clearly focuses on boosting capital spending to promote robust growth and revival of the economy. The Budget was presented in two parts. Part A deals with budget allocation in the field of Healthcare, Infrastructure, Agriculture, Education, Defence.

What is the expansion of OPC which is seen in the Union Budget 2021-22?

Notes: As per the Union Budget 2020-21, the government would be incentivizing the incorporation of One Person Companies (OPC) in order to boost the ease of doing business. The Government has reduced the time limit for Indian citizen to start an OPC from 182 days to 120 days.

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What are the main features of Union Budget?

Key Highlights of Union Budget 2021-22

  • Health and Wellbeing.
  • Physical & Financial Capital, and Infrastructure.
  • Inclusive Development for Aspirational India.
  • Reinvigorating Human Capital.
  • Innovation and R&D.
  • Minimum Government and Maximum Governance.

Who presented the Union Budget 2021-22?

. Nirmala Sitharaman
The Finance Minister, Ms. Nirmala Sitharaman, introduced Budget 2021-22 on February 1, 2021, amidst the COVID-19 pandemic. 2020-21 was a non-standard year with respect to the performance of the economy and government finances.

Which is the highest allocation ministry in budget 2021-22?

Defence, consumer affairs, home affairs and rural development were among the top sectors that received the highest budgetary allocations for FY 2021-22.

How much is the 2021 budget?

Budget Assumption/ Fiscal Parameter 2021 Approved Budget 2021 Supplemenatry Budget
Recurrent expenditure (non-debt) ₦5.64 trillion ₦0.12 trillion
Total revenue ₦7.99 trillion ₦0.14 trillion
Total expenditure ₦13.59 trillion ₦0.98 trillion
Fiscal deficit ₦5.6 trillion ₦0.85 trillion
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What is the new budget of 2021?

Expenditure: The government proposes to spend Rs 34,83,236 crore in 2021-22. As per the revised estimates, the government spent Rs 34,50,305 crore in 2020-21, 13\% higher than the budget estimate.

Which of the following statements is are correct about the Union Budget 2021 22?

Union Budget 2021-22 Analysis

Actuals 2019-20 Revised 2020-21
Other receipts (including disinvestments) 50,304 32,000
Total Receipts (without borrowings) 17,52,679 16,01,650
Revenue Deficit 6,66,545 14,55,989
\% of GDP 3.3\% 7.5\%

What is the total budget of India 2021 22?

[W]hile overall government expenditure is set to rise marginally by 1\% to ₹348.3 lakh crore in 2021–22 and capital spending by 26.2\% to ₹5.5 lakh crore, the revenue expenditure is set to fall by ₹82,142 crore or -2.7\% affecting almost two dozen major government schemes whose allocations have been cut.