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| Union Budget 2021-22 in Hindi and English Both Language Available Here For UPSC, IAS Exams |
Union Budget 2021-22 in Hindi and English Both Language Available Here For UPSC, IAS Exams
Union Budget 2021-22 in Hindi and English: The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman presented the Union Budget 2021-22 in Parliament today, which is the first budget of this new decade and also a digital one in the backdrop of unprecedented COVID-19 crisis.
Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman said that Budget proposals will further strengthen the Sankalp of Nation First, Doubling Farmer’s Income, Strong Infrastructure, Healthy India, Good Governance, Opportunities for youth, Education for All, Women Empowerment, and Inclusive Development among others.
The Budget proposals for 2021-22 rest on 6 pillars
- 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
Union Budget 2021-22 Major Allocations - How many rupees have been allocated to which ministry?
- The Ministry of Housing and Urban Affairs allocated ₹ 54581 in Budget 2021.
- The Ministry of Health and Family Welfare allocated ₹ 73932 in Budget 2021.
- The Ministry of Education allocated ₹ 93224 in Budget 2021.
- The Ministry of Railways allocated ₹ 110055 in Budget 2021.
- The Ministry of Road Transport and Highways allocated ₹ 118101 in Budget 2021.
- The Ministry of Agriculture and Farmers' Welfare allocated ₹ 131531 in Budget 2021.
- The Ministry of Rural Development allocated ₹ 133690 in Budget 2021.
- The Ministry of Home Affairs allocated ₹ 166547 in Budget 2021.
- The Ministry of Consumer Affairs, Food and Public Distribution allocated ₹ 256948 in Budget 2021.
- The Ministry of Defence allocated ₹ 478196 in Budget 2021.
*Rs. Crore
Income Tax -
There was no change in the personal income tax slab in Budget 2021, Exemption from filing income tax returns for senior citizens (75 years and above) who only have pension and interest income will no longer have to fill the ITR.
What will be expensive and cheap after Budget 2021-22? | What will be the impact of Budget 2021 on common man?
Finance Minister Nirmala Sitharaman to increase custom duty on many products in the budget presented for 2021.
Expensive
Products like imported auto parts electronics, accessories mobile chargers alcoholic beverages leather shoes raw silk will be expensive.
Cheap
By reducing the custom duty, gold and silver will be cheaper and the cost of iron, steel and copper goods will be reduced.
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