Union Budget 2021 LIVE Updates

Union Budget 2021 LIVE Updates

Union Budget 2021 LIVE Updates: FY22 Capex targets Rs 5.54 lakh crore v / s FY 4.39 crore.
The Rs 7,000-crore power transmission assets are to be transferred to Power Grid Invit. The Center will also provide Rs 2 lakh crore to the states and an autonomous body for capex. We will inform the states for more capital expenditure.


Union Budget 2021 LIVE Updates: DFI is here! The first major announcement on infrastructure funding by FM Sitharaman - creation of a dedicated institution - is very important as Long Gesture Infra funding has been a long pending issue. FM has announced that a Bill will be introduced to set up DFIs or developmental financial institutions to finance long-term infra projects with a capital of Rs 20,000 crore. It will provide a loan of Rs 5 lakh crore in the next three years. Big announcement for India's permanent infra push!


Union Budget 2021 LIVE Updates: More than 13,000 km of roads were provided under Bharat Mala Project. About 3,800 kilometers have been built in Bharatmala so far and a distance of 8,500 kilometers will be covered by March 2022. Will complete 11,000 km of NH corridor by March 2022. More economic corridors are being planned - 3,500 km of NH work in Tamil Nadu is underway.


Union Budget 2021 LIVE Updates: NHAI has sponsored an InVit to attract investors. Thus 5 crore roads with 5,000 operational value are being transferred to NHAI InVit. NHAI Operational Roll roads are to be monetized. Meanwhile, Ralways will monetize the dedicated freight corridor after commissioning. The next several airports will also be demonetized for operation and management. Demonetisation of AAI airports and other railway assets is to be done in TAI-2,3 cities.


Union Budget 2021 LIVE Updates: Modification of InvIT and REIT structures for loan investors will facilitate fund raising and give a boost to the commercial real estate asset class. However, details about the proposed amendment will have to wait.


Union Budget 2021 LIVE Updates: will introduce a bill to set up a Development Finance Institute (DFI) with a capital of Rs 20,000 crore. 5 lakh crore rupees will be lent by DFI in three years. An asset monetization dashboard will be created to provide clarity to investors. In addition, Railways will monetize dedicated freight corridors. For 2021–22; Capital expenditure was Rs 5.54 lakh crore, which is 34.5 percent year-on-year (YoY).


Union Budget 2021 LIVE Updates: Rapid growth in capital expenditure increased by 34.5 percent to Rs 5.54 lakh crore. This was an important question of markets to revive growth.


Union Budget 2021 LIVE Updates: The National Infrastructure Pipeline has been expanded to 7,400 projects. Future, projects worth Rs 1.1 lakh crore have been completed under the National Infra Pipeline. We will also introduce a bill for the establishment of a DFI providing Rs 20,000 crore to start a national asset monetization pipeline to fund new infra projects.


Union Budget 2021 LIVE Updates: Government set aside 35000 crores for COVID-19 vaccination. The private sector being excluded from vaccination efforts is a disappointment for them. At a mixed cost of Rs255 / dose (in the first phase), which will cover 2 doses of vaccine for 4 billion more people in FY 2012. This can vary if the cost per dose goes up / down.


Union Budget 2021 LIVE Updates: The government has made a provision of Rs 1.97 lakh crore for PLI schemes covering 13 sectors. Further 7 textile parks will be launched in three years.


Union Budget 2021 LIVE Updates: 35,000 crore to allocate further funds for COVID-19 vaccines. We will provide more for COVID-19 vaccines if necessary.


Union Budget 2021 LIVE Updates: The government has set an ambitious target of building infrastructure in the country. But the lack of revenue from the financing of these infrastructure projects and the stress on the loan books of banks posed a tough challenge. Moneycontrol previously reported that FM Sitharaman was likely to announce a dedicated development financial institution to finance greenfield infrastructure projects.


Union Budget 2021 LIVE Updates: We announce voluntary vehicle scraping policy. The vehicles undergo a fitness test - which is 20 years for passenger vehicles and 15 years for commercial vehicles. More details of the scouring policy to be announced soon.


Union Budget 2021 LIVE Updates: More than 13,000 km of roads were provided under Bharat Mala Project. About 3,800 kilometers have been built in Bharatmala so far and a distance of 8,500 kilometers will be covered by March 2022. Will complete 11,000 km of NH corridor by March 2022. More economic corridors are being planned - 3,500 km of NH work in Tamil Nadu is underway.


Union Budget 2021 LIVE Updates: Water life mission with an outlay of Rs 2.87 lakh crore to cover the houses will be implemented and implemented in five years. Budget 2021 will also launch Mission Potion 2.0. In addition, the urban 'Swachh Bharat Mission' 2.0 has been launched with an outlay of Rs 1.42 lakh crore.


Union Budget 2021 LIVE Updates: Apart from the National Health Mission, the first of the six pillars, Aatmanirbhar Yojana: We introduce the Aatmanirbhar Swasthya Yojana with an outlay of Rs 64,180 crore for six years. This will strengthen the National Center for Disease Control. Apart from this, the government will also set up 15 health emergency centers.


Union Budget 2021 LIVE Updates: This budget was prepared under the same circumstances as before. We could not imagine the global recession during the last budget. We announced the 'Atmanibhar' package in May 2020 to sustain recovery. Atmanibhar Bharat and Pradhan Mantri Yojana were like 3-4 mini budgets in themselves. Of the total COVID-19 support measures, 13 percent of GDP and the total COVID-19 support measures by the government and RBI amounted to Rs 27.1 lakh crore. The 'self-reliant' complex accelerated India's rate of reform.

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