Increase in Customs Duty on Footwear and Furniture to promote domestic MSMEs 5% Health Cess proposed to give impetus to the Domestic Medical Equipment Industry; proceeds to be used for creating health infrastructure in aspirational districts Anti-dumping duty on PTA being abolished in the larger public interest Basic customs duty on imports of news print and light-weight coated paper proposed to be reduced from 10% to 5% Excise duty, by way of national calamity contingent duty on cigarettes & other tobacco products to be raised; no change in the duty rates of Bidis Provisions relating to safeguard duties being strengthened…
Author: Amit Bhanot
16 Action points to Focus on Farmer’s Income, Storage, Blue Economy and Animal Husbandary PM-KUSUM to be expanded to 20 lakh Farmers Rs 15 Lakh Crore Agriculture Credit Target for Year 2020-21 “KISAN RAIL” AND “KRISHI UDAAN” to be launched Warehouse Creation Through Viability Gap Funding on a PPP Mode at Block Level WOMEN and SHG’S role as “DHAANYA LAKSHMI” in Food Storage at Village Level to be Promoted 3477 Sagar Mitras to be set up to involve youth in Fisheries Sector. Reiterating Prime Minister’s commitment towards “Sabka Saath, Sabka Vikas , Sabka Vishwas” and “Ease of Living” for people of India,…
Union Budget 2020-21 allocates Rs.99,300 crore for Education, Rs. 3,000 crore for Skill Development 150 Higher Educational Institutions to start apprenticeship embedded degree/diploma courses by March, 2021 Degree level online education programmes for students of deprived sections of the society External Commercial Borrowings and FDI to be encouraged for financing education infrastructure Ind-SAT to be conducted in Asia and Africa under Study in India programme Special bridge courses for nurses, para medical staff and care givers to enhance their employability abroad National Police University and National Forensic Science University to be set up Meeting the needs of Aspirational India in…
Rs 35,600 Crore outlay for nutrition-related Programmes for 2020-21 Rs 28,600 Crore allocated for programs specific to Women Gross Enrolment Ratio of Girls exceeds that of Boys across all levels of education Rs 85,000 Crore outlay for welfare of Scheduled Castes and other Backward Classes for 2020-21 Rs 53,700 Crore allocated for welfare of scheduled tribes for 2020-21 Rs 9500 Crore outlay for welfare of senior citizens and DIVYANG for 2020-21 Task force to be appointed to examine issue about age of girl entering motherhood Highlighting the importance of nurturing a caring society, the Union Minister for Finance and Corporate…
Rs 69,000 crore provided for Health Care in Union Budget 2020-21 Viability Gap Funding Window proposed for Setting Up Hospitals under Prime Minister Jan Arogya Yojana in PPP Mode Jan Aushadhi Kendra Scheme to be Expanded to all Districts by 2024 In order to achieve the holistic vision of health care that translate wellness of the citizen, about Rs. 69,000 crore have been provided for health care in Union Budget 2020-21. It includes Rs. 6400 crores for Prime Minister Jan Arogya Yojana (PMJAY). While presenting the Union Budget 2020-21 in Parliament today, the Union Minister for Finance and Corporate Affairs, Smt…
Reforms in Banking Sector to remain priority Deposit Insurance coverage to be increased to Rs. Five lakh per depositor PFRDAI Amendments: separate NPS trust for Govt Employees Proposal to sell a part of government holding in LIC by way of IPO: opportunity for retail investors Focus on MSMEs: Invoice Financing, Subordinate Debt, Export support Schemes announced Govt asks RBI to consider extension of debt restructuring window for MSMEs till March 31, 2021 103 lakh crores for national infrastructure pipeline: 22,000 crores via equity support to infrastructure finance companies International bullion exchange proposed in gift-ISC for better gold price discovery and…
148 Km long Bengaluru Suburban Transport Project at a cost of Rs 18600 Crore proposed A National Logistics Policy to create a single Window E-Logistics Market Proposal to Monetise at least 12 Lots of Highway Bundles of over 6000 Km before 2024 Proposal to Set up large Solar Power Capacity Alongside Rail Tracks, on Railway’s Land Four Station Re-Development projects and Operation of 150 Passenger Trains through PPP Mode National Skill Development Agency to give Special Thrust to Infrastructure-Focused Skill Development Opportunities Highlighting Prime Minister’s Statement in the Independence Day Speech 2019, that Rs. 100 lakh Crore would be…
100 more Airports to be developed by 2024 to support UDAAN Scheme Union budget proposes Rs. 22000 Crore for Power and Renewable Energy sector in Current FY National Gas Grid to be expanded from the present 16200 km to 27000 km Government to consider corporatizing at least one major port and its listing on stock exchanges Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman, while presenting the Union Budget 2020-21, in Parliament today, said that infrastructure was crucial to the theme of “Economic development” and hence the Budget which is dedicated to provide “Ease of Living” to all…
Tourism sector proposed to get Rs 2,500 Crore in union budget 2020-21 Rs 3,150 Crore proposed for Ministry of Culture Indian Institute of Heritage and Conservation to be established 8 New Museums proposed, 5 Museums set for major overhaul 5 Iconic sites to see Infrastructure development To make India an attractive destination for both international and domestic tourists, the Finance Minister proposed to allocate Rs 2,500 crores in 2020-21 for the tourism sector. Besides tourism, Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman also proposed to allocate Rs 3,150 crore for Ministry of Culture while presenting the Union Budget 2020-21 in…
Entrepreneurship has always been the strength of India: Smt. Nirmala Sitharaman Announces setting up of investment clearance cell to provide “End-to-End” facilitation and support to entrepreneurial youth Proposes developing five new smart cities in collaboration with states in PPP mode Encourages manufacture of mobile phones, electronic equipment and semi-conductor packaging Proposes launching a national technical textiles mission to position India as a global leader in technical textiles Announces a new scheme NIRVIK to achieve higher export credit disbursement Government e-marketplace (GeM) to create a unified procurement system to procure goods, services and works. The Union Minister for Finance & Corporate…