Satdal Bagchi 
Market bombing due to Nirmala’s juggery, common man, middle class empty handed
-Income tax like no slab, no exemption
1.5 lakh extra interest for home 1 year and extended
- First paperless budget of the country read on Made India Tablet
- expensive
Mobile phones and mobile phone parts, chargers
Vehicle parts
Electronic equipment
Imported clothes
Solar inverter, solar equipment
Cotton
-Best
Steel goods
gold
silver
Copper material
Leather goods
New Delhi (EMS). Finance Minister Nirmala Sitharaman on Monday presented the country’s first paperless budget. The finance minister read it from the Made in India tablet. MPs also got the budget on their mobiles. The middle class remained empty handed in this. The government did not make any changes in the income tax slab, nor did it give any exemption. However, the extension of 1.5 lakh rupees in interest to affordable home buyers was extended by one year till March 2022. At the same time, pensioners above 75 years old are also exempted from filing income tax returns. While the stock market bombarded by the government’s strategy, the common man has been disappointed.
The Finance Minister said that we have increased government spending after the end of the lockdown. Government expenditure of Rs 30.42 lakh crore was estimated in 2020-21, which increased to Rs 34.5 lakh crore. The fiscal deficit is 9.5 percent of GDP in 2020-21. To compensate for this we need 80 thousand crores more. For this we expect from the market. Government expenditure is estimated at Rs 34.83 lakh crore in 2021-22. The fiscal deficit is projected to be 6.8 percent of GDP in 2021-22. Would like to reduce it to 4.5 percent by 2025-26. There is a provision to increase the contingency fund from 500 crores to 30 thousand crores.
Government in the biggest deficit in 30 years
The government’s fiscal deficit is the highest since liberalization started in 1991. Fiscal deficit means when the government spends more than its income. In 1991 it was 5.6 percent of GDP. It is 9.5 percent of GDP in 2020-21. The Finance Minister said that we have increased government spending after the end of the lockdown. Government expenditure of Rs 30.42 lakh crore was estimated in 2020-21, which increased to Rs 34.5 lakh crore. To compensate for this we need 80 thousand crores more. For this, we will take help from the market in the next two months. Government expenditure of Rs 34.83 lakh crore and fiscal deficit of 6.8 percent is estimated in 2021-22. The government wants to reduce it to 4.5 percent by 2025-26. There is a provision to increase the contingency fund from 500 crores to 30 thousand crores.
Agri Cess on Petrol-Diesel
First of all, petrol and diesel related to the needs of common man. The finance minister proposed a cess of Rs 2.5 on petrol and Rs 4 on diesel. Its name will be Agri Infra Development Cess. It will come into force from 2 February itself. However, the Finance Minister has assured that its common man will not be burdened. Basic excise duty and special additional excise duty have been reduced for this. Similarly, 100 percent cess is levied on custom duty liquor, 20 percent on lentils, 35 percent on apples, 20 percent on soyabean and sunflower oil, but it will not affect the common man.
Relief to taxpayers over 75 years of age
The government has given relief to taxpayers over 75 years of age. Sitharaman also announced in his budget speech for FY 2021-22 that only senior citizens above 75 years of age with pension and interest income would not be required to file income tax returns. Banks paying interest will deduct tax on their behalf. In addition, Finance Minister Nirmala Sitharaman on Monday reduced the time limit for re-opening of income tax assessment cases from six years to three years. Also, in such serious cases related to tax fraud where the hidden income is 50 lakh rupees or more, the period will be 10 years.
137% increase in health budget
This time due to Corona, the health budget increased by 137 percent. The health budget will now be 2.23 lakh crore rupees, for which 94 thousand crore rupees were laid last time. The Finance Minister said that 35 thousand crore rupees will be provided for the corona vaccine. If needed, more budget will be available for this. To protect children from pneumonia, pneumococcal vaccine will be installed throughout the country. Every year 50 thousand children die from this pneumonia. Critical care hospital blocks will be started in 602 districts. 15 health emergency operation centers and 2 mobile hospitals will start.
1500 crore scheme for digital payment
The central government on Monday proposed a Rs 1500 crore scheme to promote digital payments in the country. Finance Minister Nirmala Sitharaman said that digital payments have increased manifold in the recent past. He 2021. Presenting the budget of 22 said, “Digital Lane. In order to further increase the debt, I propose a plan of Rs 1500 crores, which will give financial incentives for promoting digital payments.
Gold-silver will be cheaper, mobile will be expensive
This budget of the government has shocked those who want to buy mobiles. Finance Minister Nirmala Sitharaman announced an increase in custom duty on mobile devices. He said that the custom duty on mobile devices will now be up to 2.5 per cent. At the same time, custom duty has been reduced in copper and steel. Not only this, custom duty has also been reduced from gold and silver. This means that now gold and moon
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