🟢 UNION BUDGET AT A GLANCE ⚡️⚡️🟢
WHAT IS UNION BUDGET AT A GLANCE ???
UNION BUDGET AT A GLANCE
Budget At A Glance
🌼Nirmala Sitharaman delivered the longest Union Budget speech by a Finance Minister of India i.e. 159 minutes long.
🍎Expenditure : The government proposes to spend Rs 30,42,230 crore in 2020-21
🍎Receipts : Receipts (other than net borrowings) are expected to increase by 16.3% to Rs 22,45,893 crore,
🍎Net market borrowings : Rs 5.36 lakh crore.
🌼 Amount Allocated To Ministries
✅ Ministry of Defence (MoD) – Rs 4,71,378 (Highest) Cr
✅Ministry of Home Affairs (MHA) – Rs 1,67,250 Cr
✅ Ministry of Agriculture & Farmers’ Welfare – Rs 1,42,762 Cr
✅Ministry of Consumer Affairs, Food and Public Distribution – Rs 1,24,535 Cr
✅Ministry of Rural Development (MoRD) – Rs 1,22,398 Cr
✅Ministry of Human Resource Development (HRD) – Rs 99,312 Cr
✅Ministry of Road Transport and Highway – Rs 91,823 Cr
✅Ministry of Railways – Rs 72,216 Cr
✅Ministry of Health and Family Welfare (MoHFW) – Rs 67,112 Cr
✅Ministry of Housing and Urban Affairs (MoHUA) – Rs 50,040 Cr
🌸 Top 3 Schemes with Highest Allocation
☘️Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) – Rs 75,000 (Highest) Cr
☘️ Pradhan Mantri Fasal Bima Yojana (PMFBY) – Rs 15,695 Cr
☘️ Price Stabilisation Scheme (PSS) – Rs 2,000 Cr
🌼Themes of Union Budget 2020-2021 and Allocation towards them
🔴Aspirational India Allocation – Rs 4,82,401 cr
💎Agriculture, Irrigation and Rural Development – Rs 2,83,202 cr
💎Wellness And Water and Sanitation- Rs 96,885 crore
🔸health sector– Rs 69,000
🔸Ayushman Bharat Pradhan Mantri Jan Arogya Yojana – Rs 6,400 Crore
🔸Swachh Bharat Mission– Rs 12,300 crore
💎Education and Skills- Rs 1,02,314 crore
🔸education sector– Rs 99,300 crore
🔸skill development– Rs 3,000 crores
🔸New Education Policy By 2030
🔴Economic Development for all – “Sabka Saath,Sabka Vikas , Sabka Vishwas”.
💎Industry, Commerce and Investment- Rs 27,227 crore
💎Infrastructure- Rs 100 lakh crore to be invested over the next 5 years
💎Energy- Rs 40,740 crore
💎New Economy- Rs 42,852 crore
🔸Bharatnet programme– Rs 6000 crore
🔴Caring Society – Both humane and compassionate
💎Women & Child, Social Welfare-Rs 53,876 crore
🔸nutrition-related programmes: Rs 35600 crore
🔸programs specific to women: Rs 28,600 crore
🔸Scheduled Castes (SC) and Other Backward classes (OBC): Rs 85,000 crore
🔸Scheduled tribes: Rs 53,700 crore
🔸senior citizens and Divyang (differently-abled): Rs 9,500 crore
💎Culture & Tourism- Rs 5,650 crore
🔸Allocation towards Ministry of Culture: Rs 3,150 crore
🔸Allocation towards tourism promotion: Rs 2,500 crore
💎Environment & Climate Change- Rs 3,100 crore
🔴Governance
💎G20 presidency In India in 2022 – Rs. 100 crore
💎Development of Union Territories of J&K and Ladakh – Rs. 30,757
💎Establishment of National Recruitment Agency (NRA) for Non Gazetted posts
🔴 Financial Sector – Rs 40,433 crore
🌼🌼 Income tax slab for 2020 🌼🌼
Income Previous Tax Rate New Tax Rate
Up to ₹2.5 lakh Nil Nil
₹2.5 lakh to ₹5 lakh 5% 5%
₹5 lakh to ₹7.5 lakh 20% 10%
₹7.5 lakh to ₹10 lakh 20% 15%
₹10 lakh to ₹12.5 lakh 30% 20%
₹12.5 lakh to ₹15 lakh 30% 25%
Above ₹15 lakh 30% 30%
🌼🌼 GROWTH/DEFECIET 🌼🌼
Nominal GDP growth in 2020/21 estimated at 10%
Fiscal deficit for 2019/20 seen at 3.8% of GDP
Fiscal deficit for 2020/21 seen at 3.5% of GDP
Fiscal deficit for 2021/22 seen at 3.3% of GDP
Fiscal deficit for 2022/23 seen at 3.1% of GDP
Revenue deficit seen 2.7% of GDP in FY21
