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Highlights of Union Budget 2021-22 – General Updates | Nimesh Hariya and Associates https://nimeshhariyaandassociates.com Your Strategic Virtual CFO | Expert Guidance on Finance, Tax, and Digital Solutions Mon, 01 Feb 2021 08:36:41 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.1 https://nimeshhariyaandassociates.com/wp-content/uploads/2023/11/cropped-CA-India-Logo-scaled-1-32x32.jpg Highlights of Union Budget 2021-22 – General Updates | Nimesh Hariya and Associates https://nimeshhariyaandassociates.com 32 32 Highlights of Union Budget 2021-22 – General Updates https://nimeshhariyaandassociates.com/blog/2021/02/01/highlights-of-union-budget-2021-22-general-updates/ https://nimeshhariyaandassociates.com/blog/2021/02/01/highlights-of-union-budget-2021-22-general-updates/#respond Mon, 01 Feb 2021 08:34:04 +0000 https://nimeshhariyaandassociates.com/?p=1212
  • First digital Budget in the history of India
  • Vehicle Scrapping Policy. Vehicle Fitness Test after 20 years in case of Personal vehicle and 15 years in case of commercial vehicles
  • 64,180 crores allocated for New Health Schemes
  • 35,000 crores allocated for Covid Vaccine
  • 7 Mega Textile Investment parks will be launched in 3 years
  • 5.54 lakh crore provided for Capital Expenditure
  • 1.18 lakh crore for Ministry of Roads
  • 1.10 lakh crore allocated to Railways
  • Proposal to amend Insurance Act. Proposal to increase FDI from 49% to 74 %.
  • Deposit Insurance cover (DICGC Act 1961 to be amended). Easy and time bound access of deposits to help depositors of stress banks.
  • Proposal to revive definition of ‘Small Companies’ under Companies Act 2013. Capital  less than 2 Cr. and Turnover Less than 20 Cr.
  • Disinvestment: IPO of LIC, Announced Disinvestment of Companies will be completed in FY 2021-22
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