The hashtag #budgetwithbw was one of the big trends on twitter and witnessed high engagement amongst users.
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BW Businessworld Dominates Union Budget Day Coverage. BW Businessworld has once again emerged as the go-to platform when it comes to the coverage of the recent Union Budget 2021-22. The budget as we know had some unmissable takeaways starting with announced the scrapping of income tax for senior citizens under certain conditions, new rules for removal of double taxation for NRIs, allocating around Rs 2 lakh crore on healthcare with Rs 35,000 crore
on Covid-19 vaccine development and inoculation and extension in tax holiday for start-ups.
BW Businessworld’s award winning editorial team owned the big day by reporting minute by minute updates about the Union Budget. The hashtag #budgetwithbw was one of the big trends on twitter and witnessed high engagement amongst users.
BW Businessworld also curated a series of expert panels that had some of the top industry names analyzing and dissecting the big announcements. Speaking on the budget day coverage, Dr Annurag Batra, Chairman and Editor-in-Chief BW Businessworld said BW Businessworld is known for its in-depth and analytical coverage and with four decades of excellence in covering business news , we have an unparalleled advantage and this budget has once again reiterated this fact.
The numbers speak for themselves. With 33 million plus monthly users, the budget day was a big highlight that witnessed increase in user engagement, daily traffic and increased mentions.The number of tweets increased by 50%. The tweet impressions increased to more than 50%. Profile visits Increased to more than 30% #budgetwithbw gave us more than 85% of the mentions on Twitter. #budgetwithbw was a milestone and its trending throughout the country on Twitter was an outcome of the timely efforts and proactive engagement of the team at BW Businessworld.
Highlights of the Union Budget 2021:
• 137% increase in Budget outlay for health and new centre sponsored scheme with an outlay of Rs. 64,180 crore to boost healthcare infrastructure
• Rs. 35,000 crore outlay for Covid-19 vaccines for the next fiscal year. India already has two Covid-19 vaccines and two more are likely to be launched
• Urban Swachh Bharat 2.0 Mission to be launched at outlay of Rs. 1.41 lakh crore over 5 years. Jal Jeevan Mission Urban to have an outlay of Rs. 2.87 lakh crore
• Senior citizens above 75 years with only pension and interest income have been exempted from filing tax returns. No change in the personal income tax slabs
• The time limit for reopening of income tax assessment cases have been reduced to three years from the present six years
• FDI cap in insurance sector increased to 74% from the present 49%
• 8500 km of highway projects to be awarded in FY22 with a focus on poll-bound states. Rs. 18,000 crore scheme announced to augment public transport in urban areas
• FY22 disinvestment target at Rs. 1.75 lakh crore from stake sale in public sector companies and financial institutions
• Voluntary vehicle scrapping policy to phase out old vehicles
• GoI to set-up a Development Finance Institution (DFI), capitalised with Rs. 20,000 crore to have lending portfolio of Rs. 5 lakh crore in 3 years
• Rs. 44,000 crore under capital expenditure to be given to DEA in FY22 and Rs. 2 lakh crore will be provided to states and autonomous bodies to nudge their expenditure
• National Monetisation Pipeline for brownfield projects to be launched. NHAI and PGCIL have sponsored one InvIT each
• FM's infra boost: Providing Rs 1.15 lakh crore for Railways, privatizing airports
• FY22 fiscal deficit seen at 6.8%
(Compiled by Ekta Jain)