Thread by @smallcaseHQ

#Budget2021: Highlights & Investment Opportunities

A thread 👇

In what was a first-of-its-kind digital-only budget amid a pandemic, the government was committed to aggressively tackle the perils of an ailing economy.

Here is an overview of sector-wise allocation:

The union #budget 2021-22 was focussed on six pillars, ranging from infrastructure to healthcare and the total budget amount stood at ₹34 lakh crore!

The Insurance Act, 1938 will be amended to increase the permissible FDI limit from 49% to 74% in #Insurance Companies & allow foreign ownership and control with safeguards. #LIC will debut on the stock exchanges in 2021-22.

See Insurance Tracker:

smallcase.com/smallcase/insu…

In a bid to further consolidate the financial capacity of Public Sector #Banks, a recapitalization of ₹20,000 cr is proposed in 2021-22.

See Banking Tracker:

smallcase.com/smallcase/bank…

#Agricultural credit target has been enhanced to ₹16.5 lakh cr in 2021-22. The focus will be on ensuring increased credit flows to animal husbandry, dairy, and fisheries. The total outlay stands at ₹22 lakh cr.

See Rising Rural Demand smallcase:

smallcase.com/smallcase/risi…

A voluntary vehicle scrapping policy to phase out old and unfit vehicles has been announced. This will help in encouraging fuel-efficient environment-friendly vehicles, thereby reducing vehicular pollution and the oil import bill.

See #Auto Tracker:

smallcase.com/smallcase/auto…

A huge push has been provided to the #infra sector. The govt has pledged a capital expenditure of ₹5.54 lakh cr, which is 34.5% more than the allocation last year.

See Infra Tracker:

smallcase.com/smallcase/infr…

To strengthen the #logistics ecosystem, an enhanced outlay of ₹1.18 lakh cr for Ministry of Road Transport and Highways has been provided, of which ₹1.08 lakh crores is for capital expenditure - the highest ever.

See Transporting India smallcase:

smallcase.com/smallcase/tran…

To ease #MSMEs that were hit by the rise in prices of iron & steel, customs duty on certain metals have been reduced. To provide relief to metal recyclers, duty on steel scrap will be exempted for a period of up to 31st March, 2022.

See Metal Tracker:

smallcase.com/smallcase/meta…

An allocation of ₹124.42 cr has been provided for initiatives aimed at the development of the #Pharma Industry - that’s roughly a 200% boost in allocation to the industry when compared to last years’ budget!

See Pharma Tracker:

smallcase.com/smallcase/phar…

Your reaction on #Budget2021?