+ I" % # $#/ $#/ / &("&!)*+,- ,-."/ 2 3 0 1.)' % " 4 4@. * 4'.0 '*(,5* 0@%.,&&'&5 +@.@&*&0 *',K&@+ (@%(,(&*0+. 5@*0 %%*.*00 '&'@+& -&.@,% .&'.'%,. &'5. *.,& -*.(L'H-+ $%7;8&&' :7 J0 #" *# . /./0/*1 2*-3 1.21 31 1453225- 6!7515'1 78,*9. !"# " '" && %(!() &* !" % + % * " ( ," " & -- ( & & -% % " %R / ( &*+*' bank. “For senior citizens who Laying out the plan for dis- completed by 2022.” only have pension and interest investment of banks, The entire focus of the &' ()* purred by the Coviod-19 income, I propose exemption Sitharaman said, “For start budget is on reviving growth Swake-up call, Finance from filing their income tax ups, we are allowing 1 per cent with levying additional tax ,(' spending on infrastructure, health- Minister Nirmala Sitharaman returns. The paying bank will companies to grow without burden. To achieve this, the care and farm sectors without kept her focus on reinvigorat- deduct the necessary tax on any restriction on their paid up Budget proposed to give boost arkets roared back to life on resorting to higher taxation. ing the growth in her third their income,” Sitharaman said. capital. Other than IDBI we to infrastructure and domestic MMonday after six days of The 30-share BSE Sensex Union Budget with a massive Addressing reporters, plan to take up two more manufacturing. The FM has deep declines as Finance Minister zoomed 2,314.84 points or 5 per allocation for health and infra- Finance Secretary Ajay banks for disinvestment. LIC raised the capital expenditure Nirmala Sitharaman presented an cent to finish at 48,600.61. This was structure sectors and measures Bhushan Pandey said the IPO will come in 2022. All in the Budget by 26 per cent expansionary Union Budget for its second-biggest single day jump to boost agriculture infra- exemption from filing income divestments announced so far, over the revised capital expen- 2021-22 which sought to pull the in absolute terms and the best day structure with agri infra cess on tax returns would be available including Air India, BPCL, diture of FY21. economy out of the pandemic- in almost 10 months. many products. only in case where the interest CONCOR, Pawan Hans, to be Continued on Page 12 induced slump through increased Detailed report on P11 While leaving the tax slabs income is earned in the same unchanged in the first paper- bank where pension is deposit- 6678# 96 # " " " less Union Budget on Monday, ed. “Persons whose age is above # " #" :7#"6<66 the FM provided little joy to the 75 years and who has pension "# # #" % # # salaried class, but she did open income and interest from fixed "# " ' # C'D up her purse for the poll- deposit comes in the same :;<<<# 7=## ) # $' # " bound States. bank and who has only inter- " ## # # The Budget gave a huge est income, they need not file # " push for disinvestment by aim- income tax return. ing to garner 1.75 lakh crore “Bank will deduct the 7><<<# #" ' # " O%4# from stake sale in public sector income tax which he has to pay # # " companies and financial insti- and deposit to the .# 7$7<"# ? # tutions, including 2 PSU banks Government. The condition is 4?# & " and one insurance company, in the person should have only .% 6<:< " # 76<B the next fiscal year. pension income and interest ' " 7$9 # " C 77<BD" # " The FM spelled out eight from fixed deposit should # " # L M"#" key areas in the Budget as the accrue in the same bank,” he 9$8>"# " 76" & 6<6< :<"H 6<67 “Sankalp of NATION FIRST”. said at the post-Budget Press @ # ;$;9"# $ These include doubling farm- conference. 4 # " " # ers’ income; strong infrastruc- He added that if the senior #" % "0"(" :7#"6<66$" ture; healthy India; good gov- citizen person has other -) "A97><# A " ) # ernance; opportunities for incomes, he/she would be ( " + youth; education for all, women required to file income tax 66:>9A# 4-6<67 0 # ;<" 50# empowerment, and inclusive return (ITR). “Generally, per- 66"#" 7:8B # #" #"" #" development. sons of 75 years or more have 0 # 8; 7H 6<78 There was some good news mostly pension income and the '. for senior citizens of 75 years money is parked in fixed 4 0 # :; 99 and above. They will be deposit from which he earns ! " " 50 exempted from filing income interest. For them, filing return # # # " # tax returns for the financial used to be complicated. So, we " year beginning April 1. They have made it simpler and said # " will also not be required to have banks will deduct their income " # # $" pension income and interest tax and they need not file " # # from fixed deposit in the same ITR,” Pandey added. " ! " ! " "#$ #$ %&' ( %& &*+*' More than 13,000 km of %& % roads at a cost of 3.3 lakh &*+*' Yojana will be launched for # &*+*' imported agricultural goods. he Union Budget has pro- crore has already been award- &*+*' crore would come as CPSE dis- developing capacities for pri- As per the Budget docu- Tposed massive impetus on ed under the 5.35-lakh crore investment receipts. ositioning health as one of mary, secondary and tertiary mid raging farmers’ protest ment, the agriculture cess of infrastructure-building to spur Bharatmala Pariyojana, of he Centre on Monday bud- Unveiling the Pthe six crucial pillars of health-care systems, strength- Aon the outskirts of Delhi 2.5 per litre has been imposed growth. The Budget also gave which 3,800 km have been Tgeted 1.75 lakh crore from Disinvestment/Strategic Atmanirbhar Bharat (self- ening existing institutions and over the farm laws, the Modi on petrol and 4 per litre on special attention to the poll- constructed. “By March 2022, stake sale in public sector com- Disinvestment Policy, Finance reliant India), the Government creating new institutions for Government on Monday pro- diesel and 100 per cent on alco- bound States of West Bengal, we would be awarding anoth- panies and financial institu- Minister Nirmala Sitharaman on Monday proposed a Budget detection and cure of new posed an Agriculture holic beverages. The AIDC is Tamil Nadu and Kerala and er 8,500 km and complete an tions, including two PSU banks said four sectors — atomic outlay of 2,23,846 crore for the emerging diseases. This, she Infrastructure and a new cess introduced by the allocated separate packages for additional 11,000 km of nation- and one general insurance energy, space and Defence; sector to be spread over the said, will be an addition to the Development Cess (AIDC) on Government in the Union infrastructure development in al highway corridors,” she said. company, in the next financial transport and telecommunica- next six years, a massive National Health Mission. certain items to boost agricul- Budget 2021-22 which was these States, particularly roads The flagship projects that year beginning April 1. tions; power, petroleum, coal increase of 137 per cent from The funds under the ture infrastructure and also presented in Parliament on and highways. are to be expedited include The amount is lower than and other minerals; and bank- the previous year, which Atmanirbhar Swasth Mission announced that 1,000 more Monday, which seeks to shore The FM also announced a Delhi-Mumbai Expressway; the record 2.10 lakh crore ing, insurance and financial include 35,000 crore for will be used to support 17,000 agriculture product marketing up resources for improvement “National Rail Plan for India - while for Bengaluru-Chennai which was budgeted to be services —would be strategic Covid-19 vaccine and 64,180 rural and 11,000 urban well- committees (APMCs) or man- in agriculture infrastructure 2030” under which a “future- Expressway, 278 km will be ini- raised from CPSE disinvest- sectors. There will be bare crore for newly-announced ness centres, setting up inte- dis will be linked to e-nation- in the country. The ready” railway system will be tiated in the current financial ment in the current fiscal year. minimum presence of the pub- PM Atmanirbhar Swasth grated public health labs in all al agriculture market (e-NAM) Government expects 30,000 created by 2030. To strengthen year and construction will However, the Covid-19 pan- lic sector enterprises. The Yojana. districts, over 3,800 block pub- and commitment on the min- crore through agri infra cess. urban infrastructure, a new begin in 2021-22. The Delhi- demic impacted the remaining CPSEs in the strate- Union Finance Minister lic health units in 11 States and imum support price (MSP). However, prices for petrol scheme will be launched at a Dehradun Economic Corridor Government’s CPSE stake sale gic sectors will be privatised or Nirmala Sitharaman, who pre- establishing critical care hos- By this, Finance Minister and diesel won’t change cost of 18,000 crores to sup- work will be initiated in the programme, and the target has merged or subsidiarised with sented the Budget in the Lok pital blocks in over 600 district Nirmala Sitharaman has tried because or reduction in other port the augmentation of pub- current financial year, while the been lowered to 32,000 crore other CPSEs or closed. In non- Sabha, said the investment on hospitals and 12 central insti- to send a message to the agi- duties. Consequently, unbrand- lic bus transport services. Kanpur-Lucknow Expressway in the Revised Estimates. So far strategic sectors, CPSEs will be public health, infrastructure tutions, she said. tating farmers groups that the ed petrol and diesel will attract Allocating an enhanced work will be initiated in this fiscal year, the Government privatised, otherwise shall be has been increased substan- Similarly the money will be Government has no intention basic excise duty of 1.4, and outlay of 1.18 lakh crore for 2021-22. A 277-km Chennai- has mopped up 19,499 crore closed.