Data Centre Parks Policy soon for Private Firms to Leverage the Power of Data RS. 6000 crore proposed for Bharatnet Programme to link 100,000 Gram Panchayats Knowledge Translation and Technology Clusters Amongst Measures to Boost Start-Ups Rs. 8000 crore outlay over five years for National Mission on Quantum Technologies and Applications. Emphasizing on the disruptive innovations of the ‘New Economy’ like Artificial Intelligence (AI), the Union Finance and Corporate Affairs Minister, Smt. Nirmala Sitharaman proposed further measures by the Government to take advantage of these new technologies. These were stated in her Union Budget Speech 2020-21, presented in the Parliament…
Author: Amit Bhanot
Government committed to ODF plus to sustain ODF behaviour Budgetary Provision of Rs 12,300 Crore for Swachh Bharat Mission in 2020-21 Focus on Liquid and Grey Water Management along with Waste Management Rs 3.60 Lakh Crore approved for Jal Jeevan Mission Government is committed to ODF Plus in order to sustain ODF behaviour and to ensure that no one is left behind. While presenting the Union Budget 2020-21 in Parliament today, the Union Minister for Finance and Corporate Affairs, Smt Nirmala Sitharaman said, “now more needs to be done towards liquid and grey water management. Focus would also be on…
Finance Minister Ms.Nirmala Sitharaman presented the Union Budget in Parliament today Key highlights : Introduction Budget 2020 is woven around three prominent things – aspirational India to boost the standard of living; economic development for all; and building a humane and compassionate society Public Finance Nominal GDP growth for the year 2020-21 estimated at 10%, on the basis of trends available. Accordingly, receipts for 2020-21 estimated at Rs22.46 lakh crores Expenditure estimated to be Rs 30.42 lakh crores. Fiscal deficit of 3.8% in RE 2019-20 and 3.5% in BE 2020-21 Central govt’s debt has come down to 48.7% in March,…
(FE) The Bharatiya Janata Party (BJP) on Friday released its manifesto for February 8 Assembly elections in Delhi. The election document was unveiled by senior party leader Nitin Gadkari, Union minister Harsh Vardhan, Delhi BJP chief Manoj Tiwari, party’s Delhi election in-charge Prakash Javadekar, Rajya Sabha MP Vijay Goel and other leaders. Meanwhile, Union Home Minister Amit Shah will hold four public rallies in Delhi today. The rallies will be held in Pitampura, Tri Nagar, Ashok Vihar Phase 1 and Kamla Nagar. BJP national president JP Nadda will also hold three public meetings in the national capital today. The rallies will be…
Affordability of Thalis vis-à-vis a day’s pay of a worker has improved over time, indicating improved welfare of the common person. The Economic Survey 2019-20 presented in Parliament today by the Union Minister for Finance and Corporate Affairs Smt Nirmala Sitharaman states that affordability of vegetarian Thalis improved 29 per cent from 2006-07 to 2019-20 while that for non-vegetarian Thalis by 18 per cent. The conclusion has been drawn on the basis of “Thalinomics: the Economics of a plate of food in India” – an attempt to quantify what a common person pays for a Thali across India. Using the dietary guidelines…
The Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman presented the Economic Survey 2019-20 in the Parliament today. The Key Highlights of the Economic Survey 2019-20 are as follows: Wealth Creation: The Invisible Hand Supported by the Hand of Trust India’s dominance as global economic power for three-fourths of economic history manifests by design. Kautilya’s Arthashastra postulates the role of prices in an economy (Spengler, 1971). Historically, Indian economy relied on the invisible hand of the market with the support of the hand of trust: o Invisible hand of the market reflected in openness in economic transactions. o Hand of…
(PTI) The government is constantly striving for the empowerment of minorities and through the Hunar Haat initiative employment opportunities have been provided to 2,65,000 skilled artisans belonging to minority communities, President Ram Nath Kovind said on Friday. Addressing the joint sitting of both houses of Parliament, Kovind highlighted that on the request of the government, an unprecedented increase in Haj quota was made by Saudi Arabia as a result of which a record 2 lakh Indian Muslims performed the Haj this time. India is the first country where the entire process of Haj pilgrimage has been made digital and online,…
The Government is committed to support the Micro, Small & Medium Enterprises (MSME) which is an important sector of the Indian economy that fosters entrepreneurship and generates employment opportunities at lower capital cost. The Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman tabled the Economic Survey 2019-20 in Parliament today. The Economic Survey gave a detailed analysis of all the measures undertaken to support the MSME sector in India to ensure better credit flow, technology up-gradation, ease of doing business and market access. The Prime Minister of India, Shri Narendra Modi on 2nd November 2018, announced key reforms for…
(ET) State-run fuel retailers will raise fuel prices by 50 paise to Re 1 per litre in one go from April to recover investments made for producing Bharat Stage-VI (BS-VI, akin to Euro-VI standard) petrol and diesel. “I don’t think premium (for BS-VI fuels) will be large enough for it to be staggered,” Sanjiv Singh, chairman of the country’s largest oil refiner and fuel retailer Indian Oil, said on Thursday after announcing trebling of the company’s net profit in the December quarter to Rs 2,339 crore. Pump prices are linked to petrol and diesel rates in regional trading hubs — Singapore and Dubai — as well…
(Hindustan) आज से संसद के बजट सत्र का पहला चरण आज (शुक्रवार) से शुरू हो रहा है। आज यानी शुक्रवार को संसद के दोनों सदनों की संयुक्त बैठक को राष्ट्रपति रामनाथ कोविंद संबोधित करेंगे। बजट सत्र का पहला चरण 11 फरवरी तक चलेगा। इसके बाद एक अंतराल के बाद इसका दूसरा हिस्सा 2 मार्च से शुरू होकर 3 अप्रैल तक चलेगा। बजट सत्र शुरू होने से पहले कांग्रेस ने संसद भवन में गांधी प्रतिमा के सामने नागरिकता संशोधन कानून (सीएए) को लेकर प्रदर्शन किया। इस प्रदर्शन की अगुवाई कांग्रेस अध्यक्ष सोनिया गांधी कर रही हैं। इसमें राहुल गांधी समेत कांग्रेस…