Summary of Union Budget 2021-22

1 DELHI | JAIPUR | PUNE | HYDERABAD | AHMEDABAD | LUCKNOW | CHANDIGARH | of Union Budget 2021-22 As per Article 112 of the constitution, a Union Budget is basically the statement of the estimated receipts and expen-diture of the government. It is also known as the annual financial statement of the government. Department of Economic Affairs, Ministry of Finance is the nodal body responsible for preparing the Budget . Budget 2021-22 is the first Budget of the new decade 2021-30 and is also the first ever digital Union Budget which comes in the backdrop of unprecedented COVID-19 crisis reflects the firm commitment of the Government to boost economic growth by investing in infrastructure will develop capacities of primary, secondary, and tertiary care Health Systems, strengthen existing nation-al institutions, and create new institutions, to cater to detection and cure of new and emerging diseases.

2 Budget proposals for 2021-2022 rest on 6 pillars:Health Systems: PM AatmaNirbhar Swasth Bharat Yojana, a new centrally sponsored scheme will be launched 1. Health and Wellbeing2. Physical & Financial Capital, and Infrastructure3. Inclusive Development for Aspirational India4. Reinvigorating Human Capital5. Innovation and R&D6. Minimum Government and Maximum GovernancePart ANutrition: Government will merge the Supplementary Nutrition Programme and the Poshan Abhiyan and launch the Mission Poshan to strengthen nutritional content, delivery, outreach, and outcome. It will be implemented over 6 years and will be in addition to the National Health interventions under scheme includes:Support for Health and Wellness up integrated public health labs in all districts Strengthening of the National Centre for Disease Control (NCDC).

3 Expansion of the Integrated Health Information Portal to all States/UTs to connect all public health labs;Setting up of a National Institution for One Health, a Regional Research Platform for WHO South East Asia Region, and WellbeingUniversal Coverage of Water Supply and Swachch Bharat | JAIPUR | PUNE | HYDERABAD | AHMEDABAD | LUCKNOW | CHANDIGARH | :Clean Air & Scrapping Policy:AatmaNirbhar Bharat-Production Linked Incentive (PLI) Scheme: Textiles: To enable Textile industry to become globally competitive , attract large investments and boost employment generation & exports:Infrastructure: Creation of institutional structures: Infrastructure FinancingAsset Monetisation.

4 A National Monetization Pipeline of potential Brownfield infrastructure assets will be launched. An Asset Monetization dashboard will also be created for tracking the progress and to provide visibility to investors. Sharp Increase in Capital Budget : Rs. lakh crore capital expenditure in BE 2021-22 sharp increase of over Rs. lakh crore allocated in BE Jeevan Mission (Urban), will be launched for universal water supply in all 4,378 Urban Local Bodies with crores household tap connections, as well as liquid waste management in 500 AMRUT cities. It will be implemented over 5 of Rs 35,000 crore made for Covid-19 vaccine in Budget estimate (BE) lakh crore in next 5 years for PLI schemes in 13 SectorsTo create and nurture manufacturing global champions for an AatmaNirbhar BharatTo help manufacturing companies become an integral part of global supply chains, possess core competence and cutting-edge technologyTo bring scale and size in key sectorsTo provide jobs to the youthNational Infrastructure Pipeline (NIP) has now expanded to 7,400 projects.

5 Budget proposes three ways to address increased funding requirements for NIP:Mega Investment Textiles Parks (MITRA) scheme will be launched in addition to Textile Parks to be established over 3 yearsRs. 20,000 crore to set up and capitalise a Development Financial Institution (DFI) to act as a provider, enabler and catalyst for infrastructure financingRs. 5 lakh crore lending portfolios to be created under the proposed DFI in 3 yearsDebt Financing by Foreign Portfolio Investors to be enabled by amending InvITs and REITs legislationsOther asset monetisation measures include: monetisation of railway infrastructure assets/sports stadi-ums/dedicated freight corridor assets 2,217 crore to tackle air pollution, for 42 urban centers with a million-plus populationVoluntary vehicle scrapping policy to phase out old and unfit vehicles was announced.

6 Pneumococcal Vaccine will be rolled out across the country aimed at averting 50,000 child deaths annually. Urban Swachh Bharat Mission will be implemented for over 5 years and main interventions would be:Complete faecal sludge management and waste water treatmentSource segregation of garbageReduction in single-use plasticReduction in air pollution by effectively managing waste from construction-and-demolition activitiesBio-remediation of all legacy dump sitesIt is a Made in India product, presently limited to only 5 vaccine helps prevent pneumococcal disease, which is any type of illness caused by Streptococcus pneumoniae creating the institutional structures.

7 By a big thrust on monetizing assets, and By enhancing the share of capital expenditure in central and state tests have been proposed in automated fitness centres after 20 years in case of personal vehicles, and after 15 years in case of commercial and Financial Capital andInfrastructureRoads and Highways Infrastructure: | JAIPUR | PUNE | HYDERABAD | AHMEDABAD | LUCKNOW | CHANDIGARH | Infrastructure: Urban Infrastructure: Power Infrastructure:Ports, Shipping, Waterways: Petroleum & Natural Gas:Financial Capital: Increasing FDI in Insurance Sector: Increase the permissible FDI limit from 49% to 74% and allow foreign owner-ship and control with Asset Resolution: Asset Reconstruction Company Limited and Asset Management Company to be set up to consolidate and take over the existing stressed debt and then manage and dispose of the assets to Alternate Investment Funds and other potential investors for eventual value of PSBs.

8 To further consolidate the financial capacity of PSBs, further recapitalization of `20,000 crores is proposed in Funds and other potential investors for eventual value economic corridors are being Traffic management system in all new 4 and 6-lane highways:National Rail Plan for India (2030): to create a future ready Railway system by 2030 Western Dedicated Freight Corridor (DFC) and Eastern DFC to be commis-sioned by June 2022, to bring down the logistic costs enabling Make in India strategyMeasures for passenger convenience and safety:Raising the share of public transport in urban areas by expansion of metro rail network and augmentation of city bus serviceRs.

9 18,000 crore for a new scheme, to augment public bus transport MetroLite and MetroNeo technologies to provide metro rail systems at much lesser cost with similar expe-rience in Tier-2 cities and peripheral areas of Tier-1 framework will be put in place to give consumers alternatives to choose from among more than one Distri-bution Company. To improve viability of Distribution Companies, a revamped reforms-based result-linked power distribution sector scheme will be launched. 7 projects to be offered in PPP-mode in FY21-22 for operation of major portsA scheme to promote flagging of merchant ships in India will be launched by providing subsidy support to Indian shipping companies in global tenders floated by Ministries and CPSEs.

10 Extension of Ujjwala Scheme to cover 1 crore more beneficiariesTo add 100 more districts to the City Gas Distribution network in next 3 yearsAn independent Gas Transport System Operator to be set up for facilitation and coordination of booking of common carrier capacity in all-natural gas pipelines on a non-discriminatory open access basisA single Securities Markets Code to be evolvedSupport for development of a world class Fin-Tech hub at the GIFT-IFSCA new permanent institutional framework to help in development of Bond market by purchasing investment grade debt securities both in stressed and normal timesSetting up a system of Regulated Gold Exchanges: SEBI to be notified as a regulator and Warehousing Devel-opment and Regulatory Authority to be strengthenedTo develop an investor charter as a right of all financial investorsCapital infusion of Rs.