FM concludes her Budget speech

The allocation to rural infrastructure development has been increased to Rs 40,000 crore for the next fiscal from Rs 30,000 crore in FY21.

Tax exemption for notified affordable rental housing projects

Tax holiday for affordable housing extended for one more year till March 31, 2022

To allow funding in infra by issue of zero coupon bonds, FM proposes to make notified infra debt funds eligible to raise funds by issuing tax efficient zero coupon bonds

To ensure large number of funds invest in India FM proposes to relax some of these conditions relating to prohibition on private funding, direct investment in infra among others

Rs 1,000 crore to solar energy corporation and Rs 1,500 to renewable energy development agency to boost to non-conventional energy sector

Seven projects worth Rs 2,000 crore will be offered by major ports on PPP mode for ports

Revamped reforms based result linked power distribution sector scheme will be launched with an outlay of 3.05 lakh crore over the next 5 yrs

Two new technologies - Metro light and Metro new will be deployed to provide metro rail systems at much lesser cost

Central counterpart funding will be provided to Kochi metro railways phase 2, Chennai metro railways phase 2, Bengaluru metro railways phase 2A and phase 2B, Nagpur metro railways phase 2 and Nashik metro rail

A record outlay of Rs 1.10 lakh crore provided for railways, of which Rs 1.07 lakh crore is for capital expenditure only

Additional initiatives will be undertaken under Eastern and Future Dedicated Freight Corridor

It is expected that Western Dedicated Freight Corridor and Eastern Dedicated Freight Corridor will be commissioned by June 2022

Enhanced outlay provided 118,101 crore for Ministry of Road Transport and Highway

Economic corridors announced in Tamil Nadu (3,500 km NH), Kerala (1,100 km NH) and West Bengal (675 km of highway works)

By March 2022 8,500 km of National Highway Corridors will be awarded

Government aims to complete 11,000km of national highway infrastructure this year

More economic corridors being planned to boost road infrastructure

217 projects worth over Rs 1 lakh crore completed under National Infrastructure Pipeline

New scrappage policy announced - 20 years in case of personal vehicles and 15 years in case of commercial vehicles

Outlay for health will be used to establish critical care units and hospital blocks

In addition to National Health Mission, Rs 64,180 crore will be invested over 6 years to improve primary, secondary and tertiary healthcare

Budget proposals for 2021-22 rest on six focus areas

The total financial impact of all Aatmanirbhar Bharat packages, including measures taken by RBI, was about Rs27.1 lakh crore, more than 13% of GDP

The Atmanirbhar Bharat packages introduced were like mini budget themselves

Finance Minister rises to present the Union Budget

Finance Minister arrives in the Parliament to present the Union Budget before the cabinet