Pros and Cons of Budgets 2021.

 In the 2020 time is not only good for India but also it effects whole world in direct means, Covid19 is the main cause of this 2020 trauma.  Due to restrain corona virus all world had taken step to do lockdown . In India has also imposed lockdown during the serious time of Covid19. By that means economy of India faces a very down curves in the growth rate like 7.5% . People lost their jobs, no any type of tourism for earning, almost all things are shutdown except livelihood stuff. For improving the stage of economy government has also taken some steps that will be beneficial for the upcoming years.


On the occasion of new year 2021 our finance minister Nirmala Sitaraman has presented Budget of 2021 there are some good points and loopholes also.  First consider about good point means bright side of budget that implements will be helpful in the upcoming years .

1. Health Care Sector.                                                                                   After facing the Covid19 virus and it's dangerous effects government has given a big boost to health sector, Government has given 2 laks crore for health sector. Most of part of amount will be used to develop vaccine of Covid19 virus. And also we will see some reforms in the hospital, medical college, and so many more .



2. Insurance sector.                                                                                  Government has given boost the insurance sector, and also increased the 74% limit of FDA ( Foreign Direct investment) . FDI means if any foreign company comes to India and invest here then that company gives employment for our citizens and also bring dollor to india , by the excess of dollor, indian rupee will be strong. And also government will collect more tax for the country.

3. Banking sector.                                                                                   Finance Minister gave attention towards banking sector basically for the NPA (Non Profit Assets) those persons who takes loan from bank and unable to pay loan. Earlier if any person was not unable to pay loan up to 1 crore, government didn't take ang action against it so that bank got in loss, by seeing this government has given limit upto 20 lakhs , up to 20 lakhs government will take strict action against that guy. 


Government has given 20 thousands crore fund for the banking system if any bank is getting loss and will be down then government will give money to recover of taht money, now bank will give money for loan , loans will be easy to startup. Money liquidation will be increased in the market.


4. Electric Distribution.                                                                                  Government brought many options to get electric from other other companies, for that electric company will not be do according to itself for bills. Electric charge will be decreased beacuse of option. In further year we will see deduction of electric bill.

5. Above 75 years of people's income ITR will not be imposed on them.

6. Disinvestment . Government has decided to disinvestment of the unusable items , land of government. Like railways barren land , railway scrap will be given to private company.  

Transmission line also will be in the private hands for more secure and safe .

7. Infrastructure Sector.

 Infrastructure sector will be boost up after the 2021 budget. Government has decided to 85,000 kms new express way and also targeted 22 km/day. By this infrastructure will be good , infrastructure makes a lot impact of FDI and also increased tourism,.



Tourism will be keypoint to develop our nation. Old than 20 years of personal car will be not allowed to drive and 15 years of commercial vehicles. By this pollution will decrease and automobile sector will be on high by the increasing demand of new vehicle.

8. E portal     Government has made a plan for the labour class to get work for their livelihood , in this portal people will register himself and company will be hired from that portal , problems will be decreased  for finding jobs .

Loopholes. Negative point

1. Solar system will be more expensive by imposing extra tax . Where all county are preparing for the 100% electric vehicles and indian government imposed more tax that should not good.



2. Fertilizer will be more costly like urea by imposing more tax where in the country farmers are protesting against three farms laws this time fertilizer costs increase is not a good incentive.



3. Education Sector.    Here is the most worst decision which have ever made by government to decrease the budget of education Sector. Where other country gives a lot importance over education system. Edecides the future of that nation . This decision is not good ,it should more than last budget.




4.  Government didn't decrease the income tax slab ,that will not be good for that people , if it decreases then tax payers show more trust on goverment.

5. Not did anything for the farmers there is no any schemes for farmers for increasing their income. There is no reform in the lives of farmers.

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