?Govt to set up Development Financial Institutions (DFIs) to create a lending portfolio of Rs.5 lakh crore.
?Debt financing of Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trust (REITs) will be eased for Foreign Institution Investors (FIIs).
?Capex will increase to Rs.5.54 lakh crore, an increase of 35%.
?Government to launch a new healthcare system scheme with an outlay of Rs 64,000 crore..
?FM: Government announces Rs.35,000 crore for covid 19 vaccines.
?Govt. gives boost to infrastructure sector: Announced host of projects to develop road transport, railway, power plants etc.
?Government to set up investor charter for all financial products..
?SEBI will regulate commodity market in India
?Government increases foreign direct investment (FDI) in insurance sector from 49% to 74%..
?The new investor charter will enable investors to lodge complaints and register grievances against all financial products through a single platform..
?LIC to launch IPO in financial year 2021-22..
?Govt to raise Rs.1.75 lakh crore through disinvestment..
?Fiscal deficit projections raised to 9.5 of GDP in the 2020-21.
?Govt. intents to reach below 4.5% of GDP in the financial year 2021-22.
?Govt. targets fiscal deficit of 3% of GDP in 2022-23..
?6.48 crore people have filed income tax returns this assessment year..
?Senior citizen of over 75 years of age are exempted from filing returns if they have pension income only..
?Investors of REITs and Invits are exempted from paying dividend distribution tax..
?Companies having turnover of up to Rs.10 crore and receive at least 95% digitally are no longer required to get their accounts audited..
?Govt to set up infrastructure debt fund..
?Details of capital gains, dividend income, interest from banks/ post office savings will be pre-filled in income tax portal..
?Employers cannot avail tax deduction if they delay their employees’ contribution in EPFO ..
Union Budget 2021 impact on Share Market is visible as Sensex zooms over 1966 points, Nifty touches above 13,850.
Team- Intellex Strategic Consulting Pvt Ltd
Venturestreets.com, Intellexconsulting.com, Startupstreets.com
