On Monday, February 1, the Union finance minister NirmalaSitharaman has concluded her speech on the Indian budget 2021 in the parliament. Finance Minister NirmalaSitharaman announced that the Foreign Direct Investment (FDI) ‘s limit in insurance will increase to 74% from now 49%, which was its existing limit. Foreign ownership has been allowed by the Indian Government in insurance with extra security. She has announced that the Government also launch a Securities Market Code, including the SEBI act, Govt. Sec act and Depositories Act.
Indian Budget 2021
Agriculture Infra Cess Nirmala added that the NCLT system would be strengthened and e-courts will be adopted, and alternate mechanisms of debt resolution will be set up. Talking about the farmers’ issue, she said that the Modi Government would see through farmer’s welfare. An Agriculture Infrastructure and Development Cess ₨ 2.5 per liter on petrol and ₨ 4 on diesel have been added to the budget. This plan is a relief for the citizens, which had resulted in many losses of earnings and jobs across every sector.
“Consequent to the imposition of Agriculture Infrastructure and Development Cess (AIDC) on petrol and diesel, basic excise duty and special additional excise duty rates have been reduced on them so that overall consumer does not bear any additional burden.” Said Ms.Sitharaman.
- Income tax
There is zero income tax return for the year 2020-21 for income up to Rs 2.5 lakh. Individuals having income between Rs 2.5 lakh to Rs 5 lakh have to pay 5% income tax, between Rs 5 lakh to Rs 7.5 lakh has to pay 10% income tax, between Rs 7.5 lakh to Rs 10 lakh has to pay 15% income tax, between Rs 10 lakh to Rs 12.5 lakh has to pay 20%, between 12.5 lakh to 15 lakh has to pay 25% income tax and 30% for income above Rs 15 lakh. .there would be a senior citizen relief, where there would be no income tax filing required for senior citizens above 75 years of age.
- Covid-19 Pandemic
After the GDP fell sharply with the Covid-19 lockdown restriction, it has rebounded again once the lockdown restrictions were lifted. Thankfully the infection-fatality rate of Covid-19 has turned out much lower than what was feared before. Announcing Budget 2021 updates, Ms.Sitharaman said it is aiming to revive the damage of the ugly blow that the Coronavirus pandemic gave to the economy. Finance Minister said the spending on the country’s healthcare would be doubled up to 2,23,846crore, and more than 35,000 crores would be spent on the facilitation of Covid-19 vaccines. Capital expenditure would be up to 34 percent higher than last year since it would increase up to ₨ 5.54 lakh crore. To date, India has availed two vaccines and has been facilitating defense against Covid-19
not only in her own country but also being helpful to more than a hundred countries. She had added that soon there would be two more vaccines to safeguard against the pandemic.
- Aatmanirbhar Bharat
She mentioned that this year’s budget proposal rests on strengthen ‘Aatmanirbhar Bharat Sankalp,’ there would be the focus on six pillars, including Health and well-being, physical, financial capital and infrastructure, inclusive development for aspirational India, reinvigorating human capital, innovation, and R&D and minimum Government and maximum governance. To support and facilitate economic growth and development, the Government is introducing AatmanirbharSwastha Bharat Yojana with an outlay of ₨ 64,180 crore.
- Waste management
The finance minister has announced that the Government would launch a ‘JalJeevan Mission Urban’ with an outlay of 2.87 lakh crore to supply water in about 4,378 urban local bodies. There would be 2.86 crore household tap connections and liquid waste management in five hundred AMRUT(Atal Mission for Rejuvenation and Urban Transformation) cities. The 2021-25 budget will focus on complete fecal sludge management, wastewater treatment, source segregation, management of waste from urban construction, bioremediation of legacy dump sites, etc., with an outlay of ₨ 1,41,678 crore to facilitate ‘Urban Swachh Bharat Mission 2.0’.
- Infrastructure development
There would be major infrastructural development projects. The finance minister announced highway work in various states, including 3,500 km in Tamil Nadu, 1,100 km in Kerala with an outlay of Rs 65,000, 675 km in West Bengal with an investment of Rs 95,000 crore, and 1,300 km in Assam within the coming three years. RBI has estimated the total financial impact, including all the packages, to be around Rs 27.1 lakh crores.
- Transportation Sector
The finance minister proposed that there would be National Rail Plan for up to 2030 for Indian Railways. She announced a record sum of Rs 1.10 lakh crore for Indian Railways. Rs1.07 lakh crore would be for capital expenditure out of the total sum. She has also said that the new airports will be privatized in tier 2 and 3 towns and cities.
- Ujjwala Scheme
The UjjwalaYojana for providing LPG connections to women from Below Poverty Line (BPL ) households is announced to expand over to one crore more beneficiaries. The finance minister said to add hundred more districts in the coming three years to the city gas distribution network. She said that a gas pipeline project would be commenced in Jammu and Kashmir soon.
How to hike petrol and diesel in India is creating a problem for normal human beings?
There are two primary reasons for the fuel value rise. Worldwide market decrease fuel creation, and assembling nations are delivering less fuel to acquire benefit. Sequential rises in petroleum and diesel costs are squeezing the pockets of the everyday person in India. Again, People prefer to opt for electric cars in India because of the hike in petrol and diesel in India. There are many reasons available for the hiking of petrol and diesel price in India.
According to union govt policy the petrol and diesel price per liter, it is also increasing every year. In recent time the general public faces problems in their day-to-day life for this hike in petrol and diesel in India. In 2021 the union govt policy also increases petrol and diesel price.
Why people prefer to opt for electric cars in India?
Electric vehicles incorporate practical functionality user-friendly features. They can diminish these issues and even save you money. Fuelling with power offers some advanced advantages which are not available in ordinary interior ignition motor vehicles.
Since electric engines respond rapidly, EVs are exceptionally responsive and generally have tremendous force. EVs are regularly more carefully associated with conventional vehicles. That’s because it has numerous EV charging stations giving a choice to control charging from a cell phone application.
EVs can likewise minimize outflows that add to environmental change and exhaust cloud, improving people’s health and diminishing harmful effects. You can charge your EV on sustainable power; for example, sun-oriented or wind limits these outflows considerably more. The EV policies in India keeps on updating every year.
Just as a cell phone, you can connect your EV when you return home and use it the next morning. Since the electric matrix is accessible anyplace, there is an assortment of choices for charging. You can charge it as per your requirement, like at home, grinding away or out, etc. With the help of setting regularly, you will not face any inconvenience situation in future. Because of the faster adoption and manufacturing of EV (fame), people prefer to use these vehicles.
Significant advantages of electric vehicle
The electric vehicle is not challenging to re-energize. Interestingly, at this point, you don’t have to hurry to the fuel station to re-energize your car before taking off.
Cause no emission
The most significant favourable benefit of an electric vehicle is its green accreditation. Electric cars are 100% eco-accommodating as they run on electrically fueled motors.
It doesn’t discharge harmful gases or smoke in the climate as it runs on a perfect fuel source. They are surprisingly better than other vehicles as crossovers running on gas produce discharges. You are adding to a substantial and green environment. We can also take the example of the Tesla electric car; it causes no emissions. Again, this is absolutely an eco-friendly vehicle.
Secure vehicle for driving
Electric vehicles undergo similar wellness and testing methodology test as other fuel-controlled vehicles. An electric car is more secure to utilize, given its lower focal point of gravity. This makes them steadier on the road in case any collision occurs.
Suppose any accident happens, then the airbags will automatically open up and power supply to cut from the battery. This can save you and different travellers in the vehicle from genuine wounds.
Moreover, the faster adoption and manufacturing of EV (fame) demand is rapidly increasing. That’s because of its eco-friendly nature and user-friendly features. These are also available at reliable prices. Suppose you will buy a Tesla electric car, then before purchasing this, you must know all its specifications. This can help you with the right selection.
Electric vehicles run on electrically controlled motors, and subsequently, there is no compelling reason to lubricate the motors. It does not require heavy maintenance or a massive load of support undertakings generally required with a gas motor.
Subsequently, the support cost of these vehicles is quite nominal as per EV policies in India. You don’t have to spend extra money in the service station frequently as you accomplish for a standard gas vehicle. Because of the above reasons, the demand for electric cars in India keeps on rising.
Live Updates About The Farmer’s Protest: Deep Sidhu Arrested in Karnal
The recent changes in the farm bills have really triggered the farmers of India. Thousands of farmers are protesting about these changes in the borders of Delhi. As per the recent update, actor Deep Sidhu arrested in Karnal. And this happened after the Red fort Delhi violence that happened after republic day.
The actor Deep Sidhu has been accused by the cops of instigating a group of farmers to storm the historic Red Fort on republic day. The SWR range of the special cell arrested the actor in Haryana. However, earlier, Delhi Police also announced that they would reward INR one lakh to the person who will tell about Deep Sidhu.
But on Tuesday, Sanjeev Kumar Yadav, who is the deputy commissioner of police (special cell), arrested the accused actor for Red fort Delhi violence. Now that you know all the Farmers protest Delhi live updates and Deep Sidhu arrested in Karnal, you should also know some interesting facts and other news.
Why are farmers protesting at Delhi Border?
As you know that the government came with some changes in the Farm bills recently, and there are some changes that farmers don’t want. Here in this post, you will know about these changes and why farmers don’t want them.
The 1st proposal from the government
As per the 1st proposal, the government can now impose fees/cess on the private mandis.
Why are farmers objecting to it?
The farmers believe that this creation of private mandis and state-run APMCs will drive the private market’s agricultural sector. And this will offer power to some powerful people. And the farmer also believes that this proposal will bring APMCs to an end.
2nd proposal of the government
In this proposal, the government is offering written assurance stating that the MSP will still continue.
Why are farmers objecting to it?
The farmers are objecting to it because they are not fully convinced about the written assurance. They also believe that the new agricultural Acts will dismantle APMCs.
3rd proposal of the government
As per the third proposal, the state government can enrol traders to regulate them.
Why are farmers objecting to it?
The previous farm laws did not have any provisions to control the traders. This new Act offers permission to the PAN cardholders access to procure grain from the market as per their desired price. So, farmer believes that instead of regulating traders, the centre is passing on this duty to the state governments.
And this makes it clear that the centre is trying to avoid all the responsibilities. So, this is why farmers are protesting. So, these were some of the notable proposals for which the farmers of the nation are protesting. Now that you know the core of the protest, here is another update that you should know.
Another Farmers protest Delhi live updates
As per the recent Farmers protest Delhi live updates, the foreign celebs are also supporting the farmers. Yes! Recently some well-known celebs like Rihanna and John Cusack are supporting the protest.
Wrapping up, this is all you should grasp about farmer’s protests. For more updates, stay tuned!
Click Here To Read More Know All About Farmers protest India update!
Know All About Farmers protest India update!
Farmer Protest India
It reached 75th day. Indeed, the ‘chakka jam’ call on 6th February by the political leader leading farmers was not so successful. However, the protest still has managed to garner attention because of foreign celebrity interference. And, the most noteworthy among them was the tweet of Rihanna. The born in Barbados singer’s tweet created a lot of uproar in India.
Specifically, Bollywood divided into two parts after her tweet. Top names like Akshay Kumar, Ajay Devgan, KanganaRanaut, Suneil Shetty firmly opposed Rihanna, asking her to let India solve her own issue. In fact, Sachin Tendulkar has also opposed Rihanna’s tweet to malign India’s image. On the other hand, names like TaapseePannu, who often join JNU left-wing protests, have praised Rihanna.
Rihanna’s and Ms. Thunberg Tweet on Farmer Protests
Protest against the agriculture bill got back to headline also after the tweet of Greta Thunberg. However, the Swedish teen soon got into a controversy after her tweet. Specifically, it was because of the link to a toolkit she provided in her tweet. In fact, Greta Thunberg deleted the toolkit link soon after tweeting on it. Primarily, there is so much controversy around the toolkit is because of the creators of it. Specifically, as the name, MO Dhaliwal appeared on it. Dhaliwal is the founder of the Poetic Justice Foundation, which created the toolkit.
Moreover, the toolkit had a mention that its intention is to garner support for farmer protest, part of a “larger conspiracy to create disharmony”. Dhaliwal is under the scanner of Indian security officials. He is a sympathiser of the Khalistani activists. Most importantly, he has remained part of many anti-India demonstrations abroad.
Also, he is close to many Khalistani leaders and a PR agency-Sky rocket. Allegedly, the same PR agency with Khalistani link has paid $2.5 million (Rs 18 crore) for a single tweet to Rihanna. The PR agency Skyrocket also hasa link with many other under-scanner names, for instigating Farmer’s protest. For example, it has links with Anita Lal, co-founder of Poetic Justice Foundation.
Latest statements of leaders
According to the latest reports, PM Modi has addressed the matter in Rajya Sabha. He states that the bill is going to empower farmers. Also, PM Modi condemns opposition for taking a ‘U-turn’ on the matter. He added that the law has already remained in cold storage for decades. Above all, he has confirmed that MSP, was, is, and will be there.
Rather, according to Modi, the law will enrich the standard of cold storages in India. According to Indian Union Minister, the farmer protest is a result of a misunderstanding. However, veteran leader Sharad Pawer has emphasised that the PM, Rajanath Singh, and Gadkari must talk to farmer leaders.
Piyush Goyal, Minister of Finance and Commerce,has said that the government is ready for a talk with the government. According to MP Som Prakash, government has already taken a step towards talks by suspending the bill for 18 months.TMC has said that the government is creating a war-like situation against farmers.
Meanwhile, Center has sent a notice to micro-blogging site to block 1,178 accounts in links with Khalistani activists, instigating protests. Also, security agencies have caught one more connection with Red Fort violence on Republic Day.
However, disturbing news has come as a farmer’s body found hanging from a tree, near Tikri border protest site. On the other hand, farmer Rakesh Tikait shows his firmness about the protest. Moreover, he has confirmed about no call back as long as the bill is there. According to him, ‘no gharwapsi’ until the government meets the demands of the farmers.
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