(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.
Author: Aruna Sharma
(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.
(ET) A simplified return format for GST is being introduced from April 2020, Finance Minister Nirmala Sitharaman said on Saturday. In her second Budget presentation, the finance minister said GST has resulted in gains of Rs 1 lakh crore to consumers and removed inspector raj and also helped the transport sector.”Average household now saves 4 per cent in monthly expense after the rollout of GST,” Sitharaman said, and added that the Budget for 2020-21 aims to fulfill aspirations of people.
(LiveMint) Amid expectations that the Narendra Modi government will bring the Indian economy out of a slump by boosting growth, finance minister Nirmala Sitharaman tabled the Union Budget 2020-21 in the Lok Sabha today. While the common man is expecting income tax rate cut, the industry is pinning hopes on bold initiatives to revive economic growth. “We will encourage balanced use of all fertilizers, a necessary step to change the incentive regime which encourages excessive use of chemical fertilizers,” FM said. FCI and Warehousing Corporation of India to build warehousing facility on their land, says FM States asked to adopt 3 central…
(LiveMint) Finance Minister Nirmala Sitharaman today presents the Union Budget 2020-21 in the Lok Sabha. This is the second budget after Narendra Modi led National Democratic Alliance returned to power for a second term. This year’s Union Budget centres around three ideas — Aspirational India, Economic development, A Caring Society. From the common man to industry and market — all have a wide range of expectation from this year’s budget. There is a strong expectation that Nirmala Sitharaman will rejig personal tax rates this year. This year’s Economy Survey projected economic growth to rebound and hit 6%-6.5% in the next financial year starting…
(ET) Indian Oil Corp, the country’s top refiner, will invest 137.79 billion rupees ($1.94 billion) to expand the capacity of its Barauni refinery in eastern Bihar state by 50% to 180,000 barrels per day by April 2023, the company said. The state-run company is raising its refining capacity to meet growing demand for petroleum products in the country. India has emerged as a bright spot for refined fuel demand.Refined fuel consumption – a proxy for oil demand – in the December quarter rose 2.6% from a year earlier.India’s oil demand growth is set to overtake China by mid-2020s, priming the country for more refinery investment but making…
(PTI) State-run power producer NTPC on Friday said the unit-1 of Khargone Super Thermal Power Station in Madhya Pradesh will start commercial operation from February 1. “We wish to inform that unit-1 of 660 megawatt (mw) of Khargone Super Thermal Power Station (2×660 mw) is hereby declared on commercial operation with effect from 00:00 hrs of 01.02.2020,” the PSU said in a regulatory filing. With this, the commercial capacity of NTPC and NTPC group will become 48,645 mw and 57,106 mw, respectively, the filing said.
(TH) There was a leak in the gas pipeline of the Oil and Natural Gas Corporation (ONGC) near Antervedi village in East Godavari district in the KG Basin on Friday. Alert officials rushed to the spot and gas supply to the line was cut off immediately.According to ONGC officials, the gas pipeline connected to Mori village from Antervedi developed a leak in the fields and supply from the well was arrested immediately. “Villagers noticed gas gushing out from the pipeline around 7.30 a.m. on Friday, and informed local officials, who in turn alerted us. No human or property loss has…
(BS) India will continue to lead the global sustainable energy agenda, the Minister of Petroleum and Natural Gas & Steel Shri Dhamendra Pradhan has said. The Minister said We, in India, are in the midst of a major transformative shift in our energy sector, both in scale and complexity and also the interdependence across different systems. The trajectory to end energy poverty in India, as compared to the rest of the world, is based on our special national circumstances. The right mix of enablers are being put in place to ensure that the energy transition is secure, affordable, reliable and…
(FE) Budget 2020, at the dawn of a new decade, is extremely crucial for India. The Union Budget 2020 will decide the course of action by Indian policymakers in this decade, just like the then FM Manmohan Singh did under the leadership of PM Narsimha Rao in early 90s and changed India’s economy forever. That Budget not only opened up India’s economy but also propelled it on the path of a dream run that we witnessed in 90s and 2000s. India Budget 2020 by FM Nirmala Sitharaman has the same opportunity. Budget 2020 date is February 1 and Union Budget…