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Union Budget

1. The Union Budget 2021-22 lays emphasis on making the country self-reliant.

Which are the areas that the budget focusses to strengthen?

1. Sankalp of Nation First

2. Doubling Farmer’s income

3. Strong infrastructure

4. Healthy India

5. Good Governance

6. Opportunities for Youth

7. Education for All

8. Women Empowerment

9. Inclusive Development

What are the six pillars on which the Budget is laid?

Resonating with the vision of Aatmanirbhar Bharat, the Budget is laid on the following six pillars:

a. Health and well being

b. Physical & Financial Capital, and Infrastructure

c. Inclusive Development for Aspirational India

d. Reinvigorating Human Capital

e. Innovation and R&D

f. Minimum Government and Maximum Governance

How budget focusses on different sectors?

Health sector

1. There is a substantial increase in the investment in health infrastructure.

2. A new centrally-sponsored scheme, in addition to the National Health Mission, PM Aatmanirbhar Swasth Bharat Yojana was announced.

3. This scheme aims to develop capacities of primary, secondary and tertiary care health systems, strengthen existing national institutions, and create new institutions.

4. This will cater to detection and cure of new and emerging diseases.

5. With the Supplementary Nutrition Programme, Poshan Abhiyan and Mission Poshan 2.0, the Government aims to adopt an intensified strategy to improve nutritional outcomes across 112 Aspirational Districts.

Jal jeevan mission (urban)

1. It will be launched for universal water supply in all 4,378 Urban Local Bodies with 2.86 crore household tap connections, and liquid waste management in 500 AMRUT cities.

Manufacturing sector

1. Production Linked Incentive (PLI) schemes to create manufacturing global champions for an Aatmanirbhar Bharat have been announced for 13 sectors.

2. The scheme will help bring scale and size in key sectors, create and nurture global champions and provide jobs to youth.

Infrastructure

1. More than 13,000 km of road have been awarded under the Bharatmala Pariyojana Project.

2. Two new projects – ‘Metro Lite’ and ‘Metro Leo’ – will be deployed to provide metro rail systems at much lesser cost.

Inclusive development

1. Under the pillar of inclusive development for Aspirational India, Agriculture and Allied Sectors, farmers’ welfare and rural India, migrant workers and labour, and financial inclusion were predominantly covered with a slew of measures.

Education

1. 15,000 schools will be qualitatively strengthened and 100 new Sainik Schools will be set up in partnership with NGOs/ private schools/ states.

2. It is proposed to set up a Higher Education Commission of India.

Governance

1. It was proposed to take a number of steps to bring reforms in Tribunals for speedy delivery of justice.

2. The Budget seeks to further simplify the Tax Administration, Litigation Management and ease the compliance of Direct Tax Administration.

3. The indirect proposal focusses on rationalisation of custom duty, procedures and ease of compliance.

Where to focus in future?

1. A new world order seems to be emerging post Covid-19 pandemic and India will have a leading role therein.

2. The budget proposals aim to lay a renewed thrust on promoting the principle of ‘minimum government, maximum governance’ as well as improving the ease of doing business and ease of living.