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Budget 2021: National education policy skills development schemes get a boost

Finance Minister Nirmala Sitharaman made several important announcements in her budget speech on Monday regarding education and skills development. She said that the National Apprenticeship Training Scheme will be shaped. Engineering training will be provided to graduates and graduates. Additional funds will be released for this. Talks are underway with the United Arab Emirates and Japan for skills development, industrial and vocational training. A training program is also currently underway between India and Japan. This will lead to the development of skills among the Indians.

To promote research and innovation in the country, the Finance Minister said, it was decided to set aside Rs 50 000 crore for the National Research Foundation over the next five years to strengthen research and development processes across the country.

2021 Budget Highlights: No taxpayer relief in Modi gov’t budget, 75+ people won’t have to pay taxes, know what’s cheap and what’s expensive

More than 100 Sainik Schools will open
He announced the opening of more than 100 new Sainik Schools in the country. He said that the number of Sainik Schools will be increased in collaboration with NGOs, private schools and states.

No relief to taxpayers in the Modi government budget, what is cheap and what is expensive

758 Eklavya schools will be opened
The Finance Minister said that 758 Eklavya schools will be opened in tribal areas. This will strengthen basic facilities for children in tribal areas. Central assistance for children of registered castes will be increased. This will benefit more than 4 crores of Dalit students.

Higher Education Commission will be formed
The Finance Minister said: ‘The Higher Education Commission was mentioned in the last budget. It will soon form. For this, the law will be reformed. There will be four branches in this that will deal with works like rules and financing. A large infrastructure will be developed in 9 cities. Among these, coordination and economic autonomy will be maintained.

another important announcement
Cell phones will be expensive. Announcement of an increase in customs duties on equipment by 2.5%. Apart from this, customs duties on gold and silver have been reduced. Not only this, the tax on steel has also been reduced.
– Three year old tax cases will not be opened now. Previously, the tax determination limit was 6 years. In this way, the government has tried to remove the complexity of the tax system.
Under section 80EEA of the income tax, now the exemption will apply to the loan taken until March 31, 2022. The Finance Minister said that we have also taken steps to simplify the GST.
– Those over 75 years of age will no longer have to file a personal income tax return. Said persons will obtain this relief, whose source of income will be solely a pension.

17 new public health units will be put into operation. These will also be built at 32 airports. The National Institution of World Health will be formed. 9 biological laboratories will be built. Four National Institutes of Virology will be formed.
Rs 41 lakh crore will be spent on Urban Clean India Mission 2.0. In the next five years, two billion rupees will be spent on clean air.
The scrapping policy will come for old vehicles. A certificate of aptitude will have to be obtained for each vehicle. The Voluntary Scrapping Policy will be launched soon.
An allocation of Rs 18,000 crore has been made for government bus services. Apart from this, metro projects have been announced for cities like Bangalore, Nagpur, Chennai, Kochi.
A capital of Rs 1 lakh 10 thousand 55 crore has been allocated for the railways. The start of a new railway plan from 2030 has been announced. The Finance Minister said that our emphasis will be on Make in India in Railways.
Big announcements related to road projects in Bengal, Assam, Tamil Nadu. The 8,500 kilometer highway projects will be ready next year.
– Announcement of Rs 27.1 lakh crore under the self-sustaining package to deal with the Kovid-19 epidemic. Self-sufficient India’s budget is 13 percent of GDP.
The second phase of Swachh Bharat will be implemented in the next five years with an expenditure of Rs 1,41,678 crore.
The Finance Minister announced the Jal Jeevan Mission for 4,378 urban local bodies at an outlay of Rs 2.87 lakh crore.
– The Finance Minister allocated Rs 65,000 crore for road and highway projects in Kerala and Rs 3,400 crore for Assam.
The Minister of Finance said that the electrification work of 100 percent of the broad gauge railway line will be finished in December 2023.
The FDI limit in the insurance sector increased from 49 percent to 74 percent.
The government will introduce a bill to establish a development finance institution with a capital of Rs 20,000 crore.
– – Self-sufficient health scheme PM will start. Rs 61 billion will be spent on this in the next 6 years. Health services will be spent from the primary to the higher level. The focus will be on new diseases. It will be different from the National Health Mission. 75 thousand rural health centers will be strengthened, testing centers in all districts, blocks of critical care hospitals in 602 districts, National Center for Disease Control, Integrated Health Information Portal.

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