Budget 2021 with HDFC securities

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• India to raise customs duty on cotton.
• Withdraw duty exceptions on tunnel boring machines.
• India raises duty on solar inverters.
• India to rationalise customs duty on Gold, Silver.
• India to raise import duty on some mobile phone parts.
• India to take steps to smoothen GST further.
• India extends tax holiday for start-ups for 1 more year.
• India to give tax holiday for aircraft leasing cos at IFSC
• India to give tax holiday for 1 more year for affordable housing
• India proposes lower treaty rate on tax on FPI dividend income
• India to make div. payment for REITS, INVITS exempt from TDS.
• Govt. proposes to discontinue loans to FCI from Small Savings Fund
• Reducing time limit for reopening tax returns to 3 years (from 6) - even in derious fraud, only if tax concealed has evidence of 50 lakh+ or more.
• Government exempts senior citizens on pension from filing taxes.
• Government to take more steps to simplify taxes.
• Tax system should promote investment, employment.
• Govt to incentivise incorporation of one-person companies to boost startups
• India will amend FRBM Act.
• India state's borrowing ceiling at 4% of GSDP
• India sets FY22 Gross market borrowing at INR 12 Trillion
• India FY22 Fiscal deficit target seen at 6.8%
• India to borrow INR 800 Billion more in the next 2 months
• India FY22 Fiscal deficit revised to 9.5% of GDP
• India to ease Debt Financing Rules for REITs, InvITs
• India plans digital population census
• India's first unmanned space launch in Dec 2021
• 1500 Cr. for financial incentives for digital mode of trade
• The government is also looking to double ship recycling capacity by 2024. Seven port projects worth more than Rs 20,000 crore will be undertaken in FY22 via PPP.
• An independent gas transport system will be set up and 100 more districts will be added under the City Gas Expansion.
• Women will be allowed to work across sectors; minimum wages to be applicable to all workers.
• The government will form a Special Purpose Vehicle (SPV) for monetising land owned by state-owned PSUs and will set up separate administrative structure for co-operatives.
• Plans to raise Agri-credit target to INR 16.5 Trillion this year
• Hopes to complete sale of government holdings in BPCL, Air India, Shipping Corp, IDBI, BEML and Container Corp. in 2021-22
• All divestment announced so far to be completed in FY22.
• Govt. to divest stake in 2 state run banks in FY22
• Govt. plans LIC IPO
• India proposes to ease curbs on one-perosn firms.
• Plans further recapitalisation of INR 200 Billion into PSU Banks
• Plans asset management company for stressed debt
• Plans amendment to insurance act - Proposes to amend insurance act to raise FDI limit to 74%
• Plans to unveil securities market code - Proposes to consolidate securities-related laws
• To build gas pipeline in Kashmir region
• Proposes rules to give power users a choice of distributor
• FY22 Disinvestment Revenue at INR 1.75 Trillion
• India to spend INR 1.1 Trillion for Railways in FY22
• FY21 budget deficit is said to be 9.5% of GDP
• 600 kms of new highway work each in Kerala and West Bengal
• FY22 capital expenditure aimed at 5.54 Trillion Rupees
• Budget proposes 11,000 km of new National Highways
• Vehicles will undergo fitness tests after 20 yrs for PVs, 15 years for CVs
• India to monetize assets of central warehousing agency
• Debt financing rules to be launched for INVIT, REIT
• Railways to monetize dedicated freight corridors
• Govt to take 3 concrete steps on National Infra Pipeline.
• India to spend INR 200 Billion for domestic financial institutions - India DFI to have INR 5 Trillion loan portfolio in next 5 yrs.
• FM rises to present Budget 2021
• #Budget2021WithHDFCSec #Budget2021 #Budget
• Total COVID support by RBI and govt comes to Rs 27.1 lakh crore; 13% of GDP
• Sitharaman defends her government’s decision to impose an early and strict lockdown to control the coronavirus
• FM: 2 vaccines available to India, 2 or more COVID vaccines are expected soon
• Sitharaman says various relief packages totalling about 27 Trillion Rupees have been announced by the government in the fight against the pandemic and to revive the economy
• "Atmanirbhar" consists of good governance and women empowerment
• FY22 Budget proposals based on 6 focus areas

• Six pillars of the budget:
  Health and well-being
  Physical and financial capital
  Inclusive development
  Human capital
  R&D
  Minimum government and maximum governance

• Aatmanirbhar health yojana with outlay of 64180 Cr

• Govt. to set up 15 national health centers

• INR 1.41 Trillion will be spent for urban clean India mission

• Proposes voluntary vehicle scrappage policy

• India plans  INR 350 billion for COVID vaccine

• Jal jeevan mission to cover 2.86 Cr houses

• Mega investment textile park in addition to PLI scheme: 7 textile parks to be launched