(PTI) Finance Minister Nirmala Sitharaman on Saturday announced Nirvik (Niryat Rin Vikas Yojana) scheme to provide enhanced insurance cover and reduce premium for small exporters. “To achieve higher export credit disbursement, a new scheme NIRVIK is being launched which provides for high insurance cover, reduction in premium for small exporters and simplified procedures for claim settlements,” she said while presenting Budget 2020-21 here. The scheme is being prepared by the commerce ministry. Under the scheme, also called the Export Credit Insurance Scheme (ECIS), the insurance guaranteed could cover up to 90 per cent of the principal and interest.
Author: Aruna Sharma
(ET) Finance minister Nirmala Sitharaman allocated Rs 22,000 crore for the power and renewable sector and has urged state governments to implement smart meters in three years, which would give the consumers the right to choose suppliers and the rate. The power distribution companies are under financial stress and the power ministry has been trying to implement smart meters, she said in her Budget speech. “Ï urge the states to replace conventional energy meters with smart meters in next three years. This would give the conumers the freedom to choose the supplier and the rate as per their requirement,” Sitharaman said.
(MC) FM says gross enrollment of girls under Beti Bachao Beti Padhao is higher than boys. Here, she says that gross enrollment of girls is 94.32 percent in elementary levels, 81.32 percent in secondary level and 59.7 prercent in higher secondary level. She adds that women are a priority especially pregnant women and lactating women. More than 6 lakh anganwadi workers are equipped to upload status of more than 10 crore households This scale is unprecedented. Overall, FM says there are imperatives to lower maternal mortality rates. FM proposes task-force on six months on this matter. An allocation of Rs…
(FE) FM Nirmala Sitharaman says for SC/OBC relief, a proposal of Rs 85,000 crore for FY21. For STs, Rs 53,700 crore will be provided. Allocation of Rs 9,500 crore for senior citizens for FY21, says FM.
(FE) Finance Minister Nirmala Sitharaman has announced that Indian Railways will set up a Kisan Rail via the Public-Private Partnership (PPP) model. The freight trains will help easy movement of perishable products of farmers. Finance Minister Nirmala Sitharaman has begun her Railway Budget 2020 speech as part of her Union Budget 2020 speech. Will Railway Budget 2020 hike passenger fares? Will new trains be announced in India Rail Budget 2020? Indian Railways is the lifeline of the country and the common man, like every year, is expecting big announcements from the Rail Budget 2020. Railway Budget 2020 is expected to lay out…
(MC) FM Nirmala Sitharaman says India has embraced sharing economy with aggregators displacing regular businesses. Analytics, IoT and AI are changing the world. A policy will bve set up to build data centre parks throughout the country. All public institutions at Gram Panchayat levels will be provided with digital connectivity. Fibre to home through BharatNet will link 100,000 Gram Panchayats in FY21 itself. An allocation of Rs 6,000 crore will be provided for BharatNet.
(ET) Finance minister Nirmala Sitharaman allocated Rs 69,000 crore, inclusive of Rs 6,400 crore for Jan Arogya Yojana, to healthcare in Budget 2020. This marks an increase from last year when she allocated Rs 62,659 crore. The Government will open hospitals in tier 2 and tier 3 cities covered under Aspirational districts scheme which still do not have a Ayushman-empanelled hospital. FM Sitharaman also announced that proceeds from taxes on medical devices will be used for this vital health infrastructure in these districts.She also announced a new campaign to eradicate TB. Provided Rs 69,000 crore for health inclusive of Rs 6,400…
(PTI) Foreign direct investment (FDI) into the country has increased to USD 284 billion during 2014-19, Finance Minister Nirmala Sitharaman said on Saturday while presenting the Union Budget for 2020-21.”India’s FDI got elevated to the level of USD 284 billion during 2014-19 from USD 190 billion that came in during the years 2009-14,” she said. The foreign inflows into India grew 15 per cent to USD 26 billion during the first half of the current financial year. Sectors which attract maximum foreign inflows include services, computer software and hardware, telecommunications, automobile and trading.
(MC) There is a huge demand for teachers, nurses, paramedical staff and care givers abroad. However, their skill-sets do not match standards and needs to be improved, says FM. A total of Rs 3000 crore will be given for skill development, she added. A total of Rs 99,300 crore is proposed allocation for education. Degrees can be taken online soon and will be offered by the Top 100 NIRF ranked institutes, says Nirmala Sitharaman. IND-SAT exam will be held for Asian and African students for scholarships to ‘Study in India’. Police Academy and Forensic Sciences will be set up, she added.
(ET) Finance minister has announced measures on expansion of warehousing facilities. In order to preserve perishable goods like milk and their faster transport, finance minister Nirmala Sitharaman announced a special rail service for farmers. The government plans to run a Kisan rail through PPP model for transport of perishable goods.Krishi Udan under aviation ministry on international and national routes will help value realisation in north east and tribal districts.