Focus on fertilizer and electronic sector will remain in the central government budget
Central budget can prove to be a game changer for fertilizer and electronic manufacturing sector. Keeping the coronavirus in mind, the government may make special provisions for the fertilizer sector in the budget. Can announce direct benefit transfer for this sector.
- January 18, 2021, 2:06 PM IST
According to sources, the complete blueprint of DBT is ready. This has also been discussed in the Prime Minister’s Office i.e. PMO. There may also be a provision in the budget for full subsidy for the current year and payment of arrears of the previous year. According to sources, the provision of subsidy payment of 65,000 crores is possible. Explain that there was a provision of subsidy of about 71 thousand crores for the current financial year.
Electronic manufacturing will get a boost
The electronic electronic hardware (ELECTRONIC HARDWARE) sector may also get a booster dose in the budget. A separate scheme of 10 thousand crores may come for domestic manufacturing (MANUFACTURING) of LAPTOP, TABLET, SMARTWATCH device (DEVICE). In the budget, it is possible to announce schemes worth more than Rs 10,000 crore for booster delivery to electronic manufacturing. There will be incentives for making laptops, tablets. There will also be incentives on printed circuit boards, smart watch, air buds. Earlier, the government has launched 3 schemes at a cost of ₹ 50,000. Foxconn, Pegatron and Wistron, Samsung (Karbonn), Lava and Dixon participated in the previous scheme.