Page-2 of Union Budget 2021 Current Affairs, GK & News

Agricultural Infrastructure and Development Cess

The Finance Minister of India, Nirmala Sitharaman, announced an agricultural infrastructure and development cess (AIDC) on some goods while presenting Union Budget 2021. AIDC was announced to provide support to those sector that has been one bright spot amid the COVID-19 pandemic. Highlights AIDC will be applied on a small number of items. Under the ..

Month: 

Category: 

Topics: 

Union Budget 2021-2022- Summary

The 2021-22 Union Budget was presented amid the COVID-19 pandemic on February 1, 2021. Since the 2020 budget, the Indian economy have reduced from 2.24 lakh crore nominal GDP to Rs 1.94 lakh crore. This reduction in the size of the economy was due to the lower revenue growth and higher expenditure in the year ..

Month: 

Category: 

Topics: 

Budget 2021: PM Aatma Nirbhar Swasth Bharat Yojana and Mission Poshan 2.0 announced

The Finance Minister of India, Nirmala Sitharaman, has announced two new centrally sponsored scheme namely, the PM AatmaNirbhar Swasth Bharat Yojana and the Mission Poshan 2.0 while presenting the Union Budget 2021. Highlights As per the announcement, a new centrally sponsored scheme called PM Aatma Nirbhar Swasth Bharat Yojana will be launched Further, an outlay ..

Month: 

Category: 

Topics: 

Budget 2021: No change in Income Tax Slabs

The Union Finance Minister, Nirmala Sitharaman, have proposed no change in the Income Tax Slabs in the Union Budget 2021. The income tax structure has been kept as earlier. However, some relief have been announced for the senior citizens. It was announced that the senior citizens above the age of 75 years will exempted from ..

Month: 

Category: 

Topics: 

Budget 2021: New Asset Reconstruction and Asset Management Company to be set up

The finance Minister of India, Nirmala Sitharaman, has announced during the presentation of the Union Budget 2021 that a new asset reconstruction and asset management company will be set up in India. Key facts The new Asset reconstruction and asset management company will look after the Non-Performing Assets (NPAs) of stressed banks. New amendments will ..

Month: 

Category: 

Topics: