The 6 Pillars
1- Health and Wellbeing
2- Physical & Financial Capital, and Infrastructure
3- Inclusive Development for Aspirational India
4- Reinvigorating Human Capital
5- Innovation and R & D
6- Minimum Government and Maximum Governance
Health and Wellbeing:
– PM Atma Nirbhar Swasth Bharat Yojana
-Merge of Supplementary Nutrition Programme and the Poshan Abhiyan and launch of Mission Poshan2.0.
-The Jal Jeevan Mission Urban
-The Urban Swachh Bharat Mission 2.0
-PM Aatmanirbhar Swastha Bharat
-35,000 crores for Covid-19 vaccine
-The Budget outlay for Health and well-being is 2,23,846 crores in BE 2021-22 as against this year’s BE of 94,452 crores an increase of 137 percentage.
Physical & Financial Capital, and Infrastructure:
-AtmaNirbhar Bharat –Production Linked Incentive scheme (PLI)
-Mega Investment Textiles Parks (MITRA)
-Development Financial Institution (DFI)
-National Monetization Pipeline Monetizing operating public infrastructure assets.
-Highways and road work announced for Kerala,Tamil Nadu, West Bengal and Assam.
-Rs 1.10 lakh crore outlay for railways Western Dedicated Freight Corridor (DFC) and Eastern DFC will be commissioned by June 2022.
-‘MetroLite’ and ‘MetroNeo’ will be deployed to provide metro rail systems at much lesser cost.
-Consolidation of the provisions of SEBI Act, 1992, Depositories Act, 1996, Securities Contracts (Regulation) Act, 1956, and Government Securities Act, 2007 into a rationalized single Securities Markets Code.
-FDI Hike In Insurance from 49% to 74%
-Rs 1,000 crore to solar energy corporation and Rs 1,500 to renewable energy development agency.
-Decriminalization of the Limited Liability Partnership (LLP) Act, 2008.
-Government to increase maximum threshold paid-up capital of small companies from 50 lakhs to 2 crores and maximum turnover from Rs 2 crore to Rs 20 crore.
-Incentivization of the incorporation of One Person Companies (OPCs) by allowing OPCs to grow without any restrictions on paid up capital and turnover.
-Launch of data analytics, artificial intelligence, machine learning-driven MCA21 Version 3.0.
-Strategic disinvestment of companies including BPCL, Air India, Pawan Hans, IDBI Bank, Container Corporation of India
-1,75,000 crores as receipts from disinvestment in B 2021-22.
-TSA (Treasury Single Account) System for universal application from 2021-22
-Separate Administrative Structure for cooperatives.
Inclusive Development for Aspirational India:
-Increase in agriculture credit target to Rs 16.5 lakh crore or-wise-highlights-3210538.html
-1,000 more mandis will be integrated with electronic national market
-Operation Green Scheme will be enlarged to include 22 perishable products.
-5 major fishing harbors –Kochi, Chennai,Visakhapatnam, Paradip, and Petuaghat will be developed as hubs of economic activity.
-Multipurpose Seaweed Park to be established in Tamil Nadu.
-Launch of a portal that will collect relevant information on gig, building, and construction-workers among others.
-Minimum wages will apply to all categories of workers, and they will all be covered by the Employees State Insurance Corporation.
-Women will be allowed to work in all categories and also in the night-shifts with adequate protection.
-Reduction of the margin money requirement from 25% to 15% to facilitate credit flow under the scheme of Stand Up India for SCs, STs, and women.
Reinvigorating Human Capital:
-More than 15,000 schools will be qualitatively strengthened to include all components of the National Education Policy.
-100 new Sainik Schools will be set up in partnership with NGOs/private schools/states.
– Central University in Leh to be set up.
-Realignment of the existing scheme of the National Apprenticeship Training Scheme (NATS)
Innovation and R&D:
-1,500 crores to promote digital modes of payment.
-National Language Translation Mission (NTLM)
-New Space India Limited (NSIL), a PSU under the Department of Space will execute the PSLV-CS51 launch
-Launch of a Deep Ocean Mission with a budget outlay of more than 4,000 crores, over five years
Minimum Government and Maximum Governance:
-The National Nursing and Midwifery Commission Bill will be introduced by the government for passing
-First digital census in the history of India
-1,000 crores for the welfare of Tea workers especially women and their children in Assam and West Bengal.
-The Contingency Fund of India is being proposed to be augmented from 500 crores to 30,000 crores through Finance Bill
-Discontinuance of the NSSF Loan to FCI for Food Subsidy.
-For senior citizens who only have a pension and interest income, are exempted from filing their income tax returns
-Reduction of the time-limit for re-opening of assessment to 3 years from the present 6 years.
-Establishment of Dispute Resolution Committee
-Faceless ITAT (Income Tax Appellate Tribunal)
-Relaxation to NRI from hardship of double taxation.
-Increase limit for tax audit from 5 crore to 10 crore
-Advance tax liability on dividend income shall arise only after the declaration/payment of dividend.
-Policies to make it easy for foreign investors to invest in India’s infrastructure projects.
-Dividend payments to REIT (estate investment trusts) and Invite’s (Infrastructure investment trusts) exempt from TDS
-For easy filing of IT returns, details of capital gains and interest from banks, post offices, etc will be pre-filled
-Withdrawal of a few exemptions on parts of chargers and sub-parts of mobiles.