UPDATES OVER BUDGET BUDGET 20-21 1. Scrapping policy for 1 | Free Trading
UPDATES OVER BUDGET
BUDGET 20-21
1. Scrapping policy for 15yrs CV & 20 yrs perosnal 2. 7 mega TEXTILE parks within 3 yrs time 3. Development financial Institute will start with 20k cr 4. Railway will sale dead assets 5. PSUs warehousing assets will be sold 6. Capital expentidure for FY22-5.5Lk crs 7. GAIL IOC HPCL Will sale pipeline assets 8. Health will get FY22-2.2 lk cr 9. By next yr 8500km of ROAD project will be completed 10. 25k cr will be spent on WEST BENGAL highways 11. Min of road transport n highway will get 1.18 lk cr 12. FY-22 Fiscal deficit estimate - 6.8% 13. FY-21 Fiscal deficit- 9.5% Actual 14. Railway will get record 1.1 lk cr 15. Public buses will get 18k cr 16. City gas distribution new 100 disticts will be included 17. Security market code will be launched 18. GOLD Exchange will be regulated by SEBI 19. FDI in insurance- increase to 74% from 49% 20. FY-22 PSUs will get 20k cr 21. No restriction on OPC 22. NCLT framework will be strenghten 23. Small cos PAID UP CAPITAL limit increased to 20Cr 24. Main PSUs divestment will take in FY 21-22 INCLUDING 2 public banks & 1 General insurance co 25. LIC IPO will be launched in FY-22 26. 1.75 lk cr is target of strategic PSU divestment 27. Rural infra fund will get 40k cr 28. Margin money requirement reduced from 25% to 15% 29. 5 major fishing hubs would be developed in the country 30. MSME will get 15,700 Cr 31. 100 new army schools will be build 32. National research foundation will get 50k cr 33. Digital payment will be provided with an incentive of 1500 cr 34. Estimated gross borrowing of govt for FY 22 would be 12 lk cr 35. FISCAL DEFICIT Target of 4.5 % of GDP BY FY25-26 36. Exemption for those above 75 yrs not to pay TAX having income from pension 37. E-ITAT will now come to forces 38. TAX AUDIT Limit increased from 5 cr to 10 cr for those making 95% transactions digitally 39. REIT,INVIT dividends are now out from TDS regime 40. Limit for reopening of IT Assessmemts reduced to 3 yrs from 6yrs 41. Details of capital gain from listed exchanges, bank interest PPF interest will come pre filled in ITR FORMS 42. Tax holiday period for start ups by 1 more year 43. Increased Start up investment capital gain exemption by 1 more year 44. New custom duty code will come in place from 01/10/2021 45. Reduced custom duty to alloy( steel/iron) to 7.5% 46. Mobile components custom duty increased to 2.5% 47. Copper custom duty reduced 2.5%