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Important One Liners Based on Union Budget 2021-22

  1. The Union Budget is presented by: Union Finance Minister.
  2. Jal Jeevan Mission with an outlay crore to cover houses and to be implemented over five years: Rs 2.87 lakh
  3. GoI to be allocated for further funds for COVID-19 vaccines. we will provide more for COVID-19 vaccines if required: Rs 35,000 crore
  4. Power transmission assets are to be transferred to Power Grid InvIT: Rs 7,000 crore
  5. Union budget comes under: Article 112.
  6. How much amount has been allotted by the government for National Highway Projects in Tamil Nadu: Rs 1.03 lakh crore.
  7. How much amount FM announces for public sector banks: Rs 20,000 crore.
  8. Finance Minister Nirmala Sitharaman announces a new gas pipeline project for: Jammu and Kashmir.
  9. How much amount has been earmarked for promoting a digital mode of payment in Union Budget: Rs 1,500 crore.
  10. Finance Minister Nirmala Sitharaman announced an allocation to the state of Goa for celebrating the 60th anniversary of the liberation from Portuguese rule: Rs 300 crore.
  11. FM announces a special scheme for the welfare of women and children in Assam and West Bengal tea workers: Rs 1,000 crore.
  12. The fiscal deficit has been estimated for 2020-21: 9.5% of GDP
  13. Central University to be set up in: Leh.
  14. NRIs to be spared from double taxation. New rules to be notified. Tax audit limit: increased from Rs 5 crore to Rs 10 crore.
  15. The government has given relief measures for senior citizens by removing the need to file income tax returns for those aged over: 75 years.
  16. Tax holiday for start-ups increased by one more year – till March 31, 2022.
  17. Customs duty on copper scrap cut to: 2.5 per cent.
  18.  Exemption duty on steel scrap up to: March 2022
  19. Customs duty on solar lanterns cut to: 5%.
  20. How many textile parks will be launched for over three years: 7
  21. National Infrastructure Pipeline has been expanded to: 7,400 projects.


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