Page 14 - NIS English February 16-28
P. 14

Budget 2    21
      Union




                   Rupee comes in                                      Budget at a glance

          6  P.                                                 Revenue Receipts            Ca  ta  Re e  t
          Non Tax                            P.  Non Debt         Figures in Crore            Figures in Crore
                                               Capital
          Revenue
          1   P.                               Receipts
          GST                                     36  P.
          8  P.                               Borrowings           1   0 9  202092   1   1    17   2   1 9 1 2  1 9  12
                                               and other
          Union Excise                          liabilities
          Duties                                 13  P                                           1021 0
               3  P.                                                                         1002271
                                        Corporation tax
              Customs          14  P. Income tax
                    Rupee goes out                 9           2019 20  2020 21  2020 21 2021 22  2019 20  2020 21  2020 21 2021 22
          10                                          P.       Actuals Estimate  Revised Estimate   Actuals Estimate  Revised Estimate
                                                                                              Ca  ta
                                                                  Revenue Expenditure
          Other  P.                       Centrally sponsored       Figures in Crore        Expenditures
                                              schemes
          expenditure                             14  P.                                   Figures in Crore
               P.                           Central Sector
         Pension                               Scheme  P.
                                                   20
           16  P.                          Interest payments


          States’ Share                             8 P.
          of Taxes and                             Defence          2  0 0   2  01     0111 2  2929000
          Dutiesduties             10  P.          8                                          72    120    439163     2
                                    Finance           P.
                                    Commission and
                                    Other Transfers   Subsidies  2019 20  2020 21  2020 21 2021 22  2019 20  2020 21  2020 21 2021 22
                                                                Actuals Estimate  Revised Estimate
                                                                                       Actuals Estimate  Revised Estimate
        No e t a ta      e   e   te  a  e



             The Government reduced excise on petrol and diesel to provide cushion from
         Agriculture Infrastructure and Development Cess so its burden is not transferred on
                            the common man. There is no change in the tax slab

            rime Minister Narendra Modi’s call for             but  citizens  above  the  age  of  75  have  been
        PAatmanirbharta, in the wake of Corona                 exempted from filing income tax returns.
        pandemic, has not only helped to boost the             Apart from this, several measures like ease
        economy  but  has  also  become  the  most             of filing of tax returns, reducing time limit for
        talked about word across the globe. The same           reassessment  from  six  years  to  three  years
        Aatmanirbharta is reflecting in the Budget of          etc. are proposed in the Budget.
        New India.                                               New policy for Strategic Disinvestment has
          When the entire world is fighting a war              been approved. The fiscal deficit in FY 2020-
        against  Corona  pandemic,  the  Central               21 is pegged at 9.5 per cent. While the fiscal
        Government has not only taken important                deficit in FY 2021-22 is estimated to be 6.8
        steps to strengthen infrastructure but has             per cent. The Central Government is targeting
        also taken various measures to speed up the            to bring it below 4.5 per cent of GDP by 2025-
        economy. There is no change in the tax slab,           2026.

        12  New India Samachar
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