Budget focus on agri, infra and health care, eye on poll bound states

New Delhi, Feb. 1 (UNI) Presenting her third budget in Parliament on Monday under the BJP-led NDA government led by Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman announced a slew of measures to facilitate the recovery of the economy battered by the Coronavirus pandemic, keeping the focus on six pillars from healthcare to infrastructure.

Sharp focus on Health, Wellbeing in Budget 21-22 reflects deep imprint of COVID-19

New Delhi, Feb 1 (UNI) Health and Wellbeing have found sharp focus in the Union Budget presented in Parliament by Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Monday.

Union Budget 2021:Railway gets allocation of Rs 1,10055 Cr for 2021-22

New Delhi, Feb1 (UNI) Union Finance Minister Nirmala Sitharaman on Monday allocated Rs 1,10055 crore for Indian Railway for the year 2021-22.

Regarding rationalization of procedures and easing of compliance, the Finance Minister proposed certain changes in the provisions relating to ADD and CVD levies. She also said that to complete customs investigation, definite time-lines are being prescribed. The Minister said that the Turant Custom Initiative rolled out in 2020 has helped in putting a check on misuse of FTAs.

The Finance Minister proposed to further simplify the Tax Administration, Litigation Management and ease the compliance of Direct Tax Administration.

On indirect tax proposals, the Budget proposals aimed to rationalize custom duty structure, ease compliance and give impetus to domestic manufacturing.