ILW NEWSROOM LIVE- UNION BUDGET 2021-22 Amaresh Patel LIVE Update Mon, Feb 01, 2021, at ,12:50 PM LIVE BUDGET UPDATE -2021Tap connection for 2.86 Cr householdsW.H.O. Stations to be set up in all the districtsFM announces 2.87 Cr for clean waterBig boost to health infrastructure. 15 Health Emergency Centers35 thousands Cr for COVID Vaccine1.97 Lakhs Cr for Manufacturing SectorGovernment announces Mega Textile Park. 7 Textile Park in next 3 yearsNew scheme called PM Aatmanirbhar Swastha Bharat to be launched as anticipated by ILW News RoomFM Nirmala Sitharaman allocates 35,000 INR for COVID-19 Vaccines.1, 10,055 allocated for development in Railway.FM introduced a bill to set-up a Development Finance Institution infused with capital of 20,000 Cr. DFI known as development bank or development finance company is a financial institution that provides risk capital for economic development projects on non commercial basis100 more districts to be added to City Gas Distribution Network for development at ground level.Finance Minister announces Gas pipeline for Jammu and KashmirCapex Budget strengthens upto 5.5 Lakhs Cr. India to be next superpower.74% FDI allowed in Insurance Sector.Public Sector Banks to be infused with more capital.Insurance FDI hiked with safeguard from 49% to 74%.Disinvestment in two Public Sector bank. LIC Share to be listed with a year1.75 Lakhs Crore target for disinvestment in PSBs.Finance Minister introduces voluntary vehicle scrapping policy which aims to phase out old and unfit vehicles. Vehicles would undergo fitness tests in 20 years in case of private vehicles.Capex Target increased to 5.54 lakhs Cr from 4.39 Lakhs Cr in last year to increase in capital expenditure for reviving growth in market.16.5 Lakhs Cr for Agriculture Credit.15700 Cr for development of MSME100 New Sanik School to be setup.Central University to be setup in Leh.15,000 schools to be strengthened for proper education and good infrastructure.Big boost to Education. 50,000 Cr to be allocated for R & D.Massive announcement: Tax exemptions for Senior Citizens above 75 years of ageFM allocates 3,758 Cr for Digital CensusGDP pegged at 6.8% from Financial Year 2021-22.Tax holiday for startups extended.Govt announces incentives for startups. Tax on Investment in startups are exempted on capital gain for one more year.No double tax for NRIs