Addressing the first paperless budget post-Independence, the Finance Minister announced a number of measures to revive the Covid hit Indian economy. For the electronic sector, the Finance Minister announced that 1000 new mandis will be integrated with the Electronic National Market.
Finance Minister Nirmala Sitharaman announced that the “Domestic electronic manufacturing has grown rapidly. For greater domestic value addition we’re withdrawing a few exemptions on part of chargers and sub-parts of mobiles. Further some parts of mobiles will move from nil rate to a moderate 2.5 percent,”.
Finance Minister said the Centre will launch a Rs 3,05,984 crore scheme to reform the power distribution sector in the country. She added, there is a monopoly of distribution companies across the country and the sector demands competitiveness. ”A framework will be put in place to give consumers alternatives to choose from among more than one distribution company,”
the viability of distribution companies “serious a concern”, she said. The Finance Minister announced a Rs 3,05,984 crore electricity distribution reform scheme over 5 years in order to empower electricity distribution companies (discoms). The major features of the scheme include prepaid smart metering, feeder separation and up-gradation system.
In the budget announcement, Sitharaman said an additional 100 districts will be added for city gas distribution in the next 3 years. An independent gas transport system operator will be established in this regard. Further Ujjwala Scheme will be extended to cover 1 crore more beneficiaries.
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