Budget 2021: Covid-19 surcharge can be kept in the budget this time, know the special issues

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Budget 2021: The general budget for the fiscal year 2021-22 in the country may come on 1 February. According to the Finance Ministry, the economic survey will be released on January 31, a day before the budget. After that, the general budget will be presented on 1 February. The government has also been involved in its preparation.

Budget 2021: The general budget for the fiscal year 2021-22 in the country may come on 1 February. According to the Finance Ministry, the economic survey will be released on January 31, a day before the budget. After that, the general budget will be presented on 1 February. The government has also been involved in its preparation. The budget is now more than a month away. The government has already indicated that this budget will be completely different than before. It is now being speculated that the government may also include the Covid-19 surcharge in the 2021-22 general budget. Economic experts say the budget will be prepared with ‘self-reliant India’ in mind.

Many experts here also said that the government could impose a Covid-19 surcharge considering the revenue shortfall and the cost of the coronary vaccine. The government is in dire need of government funds at this time. The government is already engaged in fundraising by selling shares of government companies under the investment policy. During an event in December 2020, Finance Minister Nirmala Sitharman said that India was ready to lead the world in economic development.

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Clearly, the government will increase the cost for this. This will require demand and investment. In such a situation, the government will want to make small taxpayers financially strong. The tax slab will also be changed for this. On the other hand, the government is also trying to attract foreign investment under the production-linked stimulus scheme.

Let me tell you that the entire focus of the government is on the progress of projects related to ‘Self-reliant India’. In 2020, the government has announced assistance of Rs 2 lakh crore over the next five years to 10 major sectors under the Production Linked Incentive Scheme. These include pharmaceuticals, telecom, automobiles, auto components, textiles and food products.

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Budget 2021: Covid-19 surcharge can be kept in the budget this time, know the special issues
Budget 2021: Covid-19 surcharge can be kept in the budget this time, know the special issues
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