Budget 2020 Highlights: Read FM Nirmala Sitharaman speech in easily understandable points
Budget 2020 Highlights: Finance Minister Nirmala Sitharaman in her speech today in Parliament announced a number of sops for all concerned - the common people, investors, markets, taxpayers to India Inc. Read them all here:
Budget 2020 Highlights: Finance Minister Nirmala Sitharaman in her speech today in Parliament announced a number of sops for all concerned - the common people, investors, markets, taxpayers to India Inc. Read them all here:
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All public institutions at gram panchayat levels such as Police stations and post offices to be connected digitally
Govt allocated Rs 1.23 lakh for rural development and Panchayati raj, and Rs 1.6 lakh crore for agriculture and allied activities
Further reforms for transparent price discovery for Natural gas will be undertaken
Rs 22,000 crore to Power and Renewable Energy sector in 2020-21
Natural gas pipeline grid to be expanded to 27,000 km From over 16,000 km now
Proposal for setting up large solar power capacity alongside rail track is under consideration
More Tejas type trains will connect tourist destinations
1,150 trains to be run in PPP mode, also 4 stations to be Redeveloped with help of private sector
Rs 27,300 crore provided for development and promotion of Industry and commerce
Rs 103 lakh crore infra project pipeline launched in December end
Digital refund of duties and taxes of Centre, states and Local bodies to exporters from this year
Govt to set up project preparation facilities for Infrastructure sector, national logistic policy soon
FM proposes National Technical Textile mission with an Outlay of Rs 1,480 crore over 4 years to cut down imports
Special bridge courses to be designed for teachers, Nurses, para medical staff, caregivers
Rs 99,300 crore allocated for education sector, Rs 3,000 Crore for skill development in FY21
National Police University and National Forensic University are being proposed
Degree level full-fledged online education programme by Institutions ranked in top 100
Govt proposes to attach medical colleges with district Hospitals on PPP model to deal with shortage of doctors
Govt proposes Rs 3.6 lakh crore towards piped water Supply to households
Centre to announce new education policy soon; govt received over 2 lakh suggestions on it
Allocation for Swachh Bharat for 2020-21 stands at Rs 12,300 crore
Proceeds from taxes on medical devices would be used to Support setting up of hospitals
Fish production to be raised to 200 lakh tonnes by 2022
Govt proposes to expand coverage of artificial Insemination to 70 pc from 30 pc to increase livestock productivity
Indian Railways to set up Kisan Rail in PPP mode for cold Supply chain to transport perishable goods
Horticulture with 311 MT exceeds production of food Grains
Agri credit target set up at Rs 15 lakh cr for FY21
NABARD refinance scheme will be expanded
One horticulture crop in one district on cluster basis will be promoted
Govt proposes conservation of marine fishery
NABARD will map and geo-tab 162 mn tonne capacity agri Warehouses across country
Self Help Groups will be allowed to set up village agri Storage facilities
Krishi Udaan to be launched by Civil Aviation Ministry to Transport agri-products to national as well international destinations
States asked to adopt 3 central model laws on agri land Leasing, marketing and contract farming
Balanced use of fertiliser will bring about change in Prevailing regime of providing incentive for use of chemical fertiliser
Govt proposes plans to help farmers use proper manure and Little water, encourage balanced use of fertilizers
Farmers to be allowed to set up solar units on Barren/fallow lands; supply power to grids
Everything that we do, speak through budget, everything That govt does is for country
We have insured 6.11 crore farmers under Pradhan Mantri Fasal Bima Yojna
FM says Budget woven around aspirational India, economic Development and caring society.
Govt says aim is to achieve seamless delivery of services Through digital governance
GST resulted in Rs 1 lakh crore gains to consumers, removed inspector raj and helped transport sector
India is now 5th largest economy in world.Central Govt Debt reduced to 48.7% of GDP from 52.2 per cent in March 2014
India uplifted 271 million people out of poverty
7.4 pc growth surpassed in 2014-19 with average inflation Of 4.5 pc, say FM
We shall strive to bring ease of living for every Citizen
Finance Minister lists out welfare schemes like Affordable housing scheme, DBT and Ayushman Bharat.
Simplified return for GST is being introduced from April
2020* GST has integrated the country economically
* Budget is to boost income and purchasing power of people
* Several steps on the formalisation of the economy have been taken up
* Fundamentals of the economy are strong, Inflation has been well contained
* This budget is woven around 3 prominent themes -
1) Aspirational India
2) Economic Development
3) Caring Society* We have added 60 lakh, new taxpayers, in GST ambit: FM Nirmala Sitharaman
* We are now fifth-largest economy in the world: FM Nirmala Sitharaman
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