Union Budget 2021 Simplified

#BudgetKaMatlab
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RATIONALIZATION OF IMPORT DUTY ON GOLD

Rationalization of import duties on Gold from current level of 12.5%
SECTOR : Diamond, Gems and Jewellery

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AFFORDABLE HOUSING

Affordable Housing tax holiday will be extended for 1 year, Affordable housing scheme will be available till FY2022
SECTOR : Realty

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INCREASE IN FISCAL DEFICIT FOR FY21

Government expenditure for FY21 revised to Rs. 34.5lakh cr as against budget estimates of Rs. 30.42 Lakh cr. Fiscal deficit for FY21 pegged at 9.5% as against budget estimates of 3.6%

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INCREASED OUTLAY FOR RURAL DEVELOPMENT

Outlay for Rural Infrastructure development fund will be increased to Rs. 40,000 crore from Rs. 30,000 crore
SECTOR : Agro Chemicals

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STRATEGIC SALE OF PSU

Strategic sale of companies like BPCL, Pawan Hans, CONCOR and Pawan Hans to be completed in FY22
SECTOR : Logistics

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PSB RECAPITALIZATION

Additional allocation of Rs. 20,00 crore for further recapitalization of PSU Banks
SECTOR : Banks

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INCREASE IN FDI LIMIT IN INSURANCE

Proposed Increase in Foreign ownership limit in Insurance companies to 74% from current 49% with safeguards
SECTOR : Insurance

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PETROLEUM INITIATIVES

CGDs to cover 100 more districts under City gas Distribution
SECTOR : Gas Distribution

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INCREASED ALLOCATION FOR UJJAWALA SCHEME

Ujjawala scheme will be extended to cover additional 1 crore beneficiaries
SECTOR : Consumer Durables

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REITS & INVITS

Debt Financing of Infrastructure investment trust (Invits) and Real Estate Investment Trust (REITs) will be eased for Foreign Institution Investors
SECTOR : Real Estate Investment Trusts, Realty

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NATIONAL HIGHWAY FUNDING

Allocated Rs 103,000 crore and Rs 65,000 crore for highway projects in Tamil Nadu & Kerala respectively
SECTOR : Construction

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INCREASED OUTLAY FOR CAPITAL EXPENDITURE IN FY22

5.54 lakh Cr. allocated to capital expenditure for FY2021 as compared to 4.39 lakh Cr. in FY21
SECTOR : Infrastructure Developers & Operators, Construction

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COVID-19 VACCINES

Government allocates 35,400 Crores towards Covid-19 Vaccines, committed to more if require
SECTOR : Pharmaceuticals

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NIP EXPANDED

National Infrastructure Pipeline expanded to 7,400 projects
SECTOR : Infrastructure Developers & Operators

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MEGA TEXTILES PARK

Government announces Mega investment in Textiles Park in addition to PLI scheme
SECTOR : Textiles

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SCRAPPAGE POLICY

Government announces voluntary scrappage policy. CV to undergo fitness tests after 15 years while PV will undergo tests post 20 years. Details will be announced soon
SECTOR : Automobile

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ATMANIRBHAR HEALTH YOJNA

Government announces outlay of Rs. 64180 crore for Atmanirbhar Health Yojna
SECTOR : Healthcare

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RATIONALIZATION OF IMPORT DUTY ON GOLD

Rationalization of import duties on Gold from current level of 12.5%
SECTOR : Diamond, Gems and Jewellery

Bad Image

AFFORDABLE HOUSING

Affordable Housing tax holiday will be extended for 1 year, Affordable housing scheme will be available till FY2022
SECTOR : Realty

Bad Image

INCREASE IN FISCAL DEFICIT FOR FY21

Government expenditure for FY21 revised to Rs. 34.5lakh cr as against budget estimates of Rs. 30.42 Lakh cr. Fiscal deficit for FY21 pegged at 9.5% as against budget estimates of 3.6%

Bad Image

INCREASED OUTLAY FOR RURAL DEVELOPMENT

Outlay for Rural Infrastructure development fund will be increased to Rs. 40,000 crore from Rs. 30,000 crore
SECTOR : Agro Chemicals

Bad Image

STRATEGIC SALE OF PSU

Strategic sale of companies like BPCL, Pawan Hans, CONCOR and Pawan Hans to be completed in FY22
SECTOR : Logistics

Bad Image

PSB RECAPITALIZATION

Additional allocation of Rs. 20,00 crore for further recapitalization of PSU Banks
SECTOR : Banks

Bad Image

INCREASE IN FDI LIMIT IN INSURANCE

Proposed Increase in Foreign ownership limit in Insurance companies to 74% from current 49% with safeguards
SECTOR : Insurance

Bad Image

PETROLEUM INITIATIVES

CGDs to cover 100 more districts under City gas Distribution
SECTOR : Gas Distribution

Bad Image

INCREASED ALLOCATION FOR UJJAWALA SCHEME

Ujjawala scheme will be extended to cover additional 1 crore beneficiaries
SECTOR : Consumer Durables

Bad Image

REITS & INVITS

Debt Financing of Infrastructure investment trust (Invits) and Real Estate Investment Trust (REITs) will be eased for Foreign Institution Investors
SECTOR : Real Estate Investment Trusts, Realty

Bad Image

NATIONAL HIGHWAY FUNDING

Allocated Rs 103,000 crore and Rs 65,000 crore for highway projects in Tamil Nadu & Kerala respectively
SECTOR : Construction

Bad Image

INCREASED OUTLAY FOR CAPITAL EXPENDITURE IN FY22

5.54 lakh Cr. allocated to capital expenditure for FY2021 as compared to 4.39 lakh Cr. in FY21
SECTOR : Infrastructure Developers & Operators, Construction

Bad Image

COVID-19 VACCINES

Government allocates 35,400 Crores towards Covid-19 Vaccines, committed to more if require
SECTOR : Pharmaceuticals

Bad Image

NIP EXPANDED

National Infrastructure Pipeline expanded to 7,400 projects
SECTOR : Infrastructure Developers & Operators

Bad Image

MEGA TEXTILES PARK

Government announces Mega investment in Textiles Park in addition to PLI scheme
SECTOR : Textiles

Bad Image

SCRAPPAGE POLICY

Government announces voluntary scrappage policy. CV to undergo fitness tests after 15 years while PV will undergo tests post 20 years. Details will be announced soon
SECTOR : Automobile

Bad Image

ATMANIRBHAR HEALTH YOJNA

Government announces outlay of Rs. 64180 crore for Atmanirbhar Health Yojna
SECTOR : Healthcare

With a solid economic start in 2021, India’s massive economy is about to take on a new direction. On Feb 1, 2021 with the announcement of the budget, companies, state governments, the common man and investors will have their eyes set on what’s coming next.

As the new budget is released this year, don’t let the opportunity of understanding it with experts pass by you. Come join us as we sit to decode #BudgetKaMatlab - check out our YouTube videos and podcasts for a budget primer, and don’t forget to come back here for our expert analysis of #Budget2021!

#BudgetKaMatlab
Union Budget 2021 - Highlights

Podcasts :

FAQ's - #BudgetKaMatlab

  • What is a fiscal deflict?

    This is the gap between the government's total spending and the sum of its revenue receipts and non-debt capital receipts. It represents the total amount of borrowed funds required by the government to completely meet its expenditure.

  • What is the Union Budget?

    The Union Budget is the annual report of India as a country. It contains the government of India's revenue and expenditure for the end of a particular fiscal year, which runs from April 1 to March 31. The Union Budget is the most extensive account of the government's finances, in which revenues from all sources and expenses of all activities undertaken are aggregated. It comprises the revenue budget and the capital budget. It also contains estimates for the next fiscal year.

  • Direct tax

    Direct tax is levied on individuals and corporations for incomes generated by them. For example, income tax, corporate tax.

  • Disinvestment

    The sale of government's shares in public sector undertaking is called disinvestment.

  • What is a capital budget?

    The capital budget is different from the revenue budget as its components are of a long-term nature. The capital budget consists of capital receipts and payments.
    Capital receipts are government loans raised from the public, government borrowings from the Reserve Bank and treasury bills, loans received from foreign bodies and governments, divestment of equity holding in public sector enterprises, securities against small savings, state provident funds, and special deposits.
    Capital payments are capital expenditure on acquisition of assets like land, buildings, machinery, and equipment. Investments in shares, loans and advances granted by the central government to state and union territory governments, government companies, corporations and other parties.

  • Union Budget

    A comprehensive report of the government's financial statements, containing all expenditures and revenues -- actual numbers for the year going by (revised estimates) and forecast numbers for the year ahead (budgeted estimates).

  • Customs duty

    It is a levy imposed on imports into, and exports out of a country, and are paid by the importer and exporter, respectively.

  • What is fiscal policy?

    Fiscal policy is a change in government spending or taxing designed to influence economic activity. These changes are designed to control the level of aggregate demand in the economy. Governments usually bring about changes in taxation, volume of spending, and size of the budget deficit or surplus to affect public expenditure.

  • Fiscal deficit

    When the government's receipts fall short of its expenditures, it borrows money to bridge the gap. The excess of total expenditure over (non-borrowed) receipts is called fiscal deficit.

  • Indirect tax

    Indirect tax is imposed on goods and services. For example, GST.

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