CS Piyush Jain
Quick Summary
There are always pros and cons on everything that is going to hit the economy, schemes etc. that may impact the policies, procedures of the government, ministries etc. Most of us are not happy with the tax slabs, benefits given via budget introduced by Honble FM during the speech on the budge
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FAQ :
Sectors like electric manufacturing, footwear, natural gas, water pumps, transport infrastructure, and IT are likely to benefit the most. Additionally, healthcare, domestic electronics manufacturing, rural broadband, and logistics are also poised for growth.
Domestic companies in these sectors will gain a competitive edge due to the hike in customs duties on small appliances, footwear, food processing, fans, and other items.
The government has allocated Rs. 69,000 crores for the healthcare sector for FY2021, which includes Rs. 6,400 crores for the Pradhan Mantri Jan Arogya Yojana. A Viability Gap funding window is also proposed for building hospitals in Aspirational Districts.
The National Infrastructure Pipeline is receiving Rs. 22,000 crore in equity support. The Ministry of Road Transport & Highways (MoRTH) has seen its outlay increase, with significant funds allocated for schemes like Pradhan Mantri Gram Sadak Yojana and the accelerated development of highways.
With the abolition of Dividend Distribution Tax (DDT), cash-rich IT companies may choose to pay higher dividends, benefiting shareholders. Companies like TCS, Infosys, Wipro, and Tech Mahindra are mentioned as potential beneficiaries.
Rs. 6,000 crores are allocated for the BharatNet programme to enhance rural broadband. A policy to enable private sector data centre parks is also planned. A National Logistics Policy is expected soon, and the railway capital outlay remains high, focusing on new lines.
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