Finance Minister (FM) Nirmala Sitharaman has presented the Union Budget 2020-2021 of India on the 1st of February, 2020. Focusing on measures taken by the government towards reaching the target of a $5 trillion economy by the end of 2022.
The document provides expectations from various industries for the upcoming 2022-23 Union Budget of India. It summarizes the results of a survey of 330 industry experts and analysts conducted by CareEdge to forecast what measures the Finance Minister could announce. Key expectations included higher spending on infrastructure, employment generation, healthcare, agriculture, and logistics infrastructure. Industries are expecting support through new welfare programs, tax concessions, higher allocations to existing schemes, and measures to boost sectors like manufacturing, exports, and disinvestment.
The document outlines the government's budget proposals across 9 pillars including agriculture, rural development, social sector, education, skills and job creation, infrastructure, financial sector reforms, governance, fiscal discipline, and tax reforms. Key highlights include doubling farmers' income, rural employment, health coverage for all, increasing education quality, skill development programs, infrastructure investment, financial stability, ease of doing business, prudent fiscal management, and reducing the tax compliance burden. The document then provides more details on initiatives and allocations for agriculture, rural development, social programs, education, and skill and job creation.
This document provides a summary of the key highlights from the Indian Union Budget for 2020-21 presented by Finance Minister Nirmala Sitharaman. Some of the major points include increased spending on agriculture, infrastructure, health, and education. Tax exemptions have been introduced for affordable housing and startups. New income tax slabs with lower rates and removal of around 70 exemptions have been proposed. The budget aims to boost the economy through measures like expanding rural development programs, increasing foreign investment, and developing industries.
PM-DevINE: New scheme Prime Minister’s Development Initiative for North-East Region (PM-DevINE) launched to fund infrastructure and social development projects in the North-East.
Vibrant Villages Programme: Vibrant Villages Programme for development of Border villages with sparse population, limited connectivity and infrastructure on the northern border.
Sunrise Opportunities: Government contribution to be provided for R&D in Sunrise Opportunities like Artificial Intelligence, Geospatial Systems and Drones, Semiconductor and its eco-system, Space Economy, Genomics and Pharmaceuticals, Green Energy, and Clean Mobility Systems.
This document provides an overview and summary of the Indian budget process. It discusses the history of budgets in India dating back to 1860. Key points include that the annual budget is presented by the Finance Minister on the last working day of February, detailing estimated receipts, expenditures, and funds to be collected via taxes and borrowings. The budget formulation process involves consultations with various ministries, states, and stakeholders. Highlights of the 2015 budget include expenditures, GDP projections, sectors like agriculture and education, and tax changes. Challenges faced include agricultural stress, infrastructure investment needs, and fiscal targets. Plans to address challenges include more public investment, manufacturing support, and fiscal discipline.
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss.For real time update Visit our social media handle.Read First India NewsPaper in your morning replace.Visit First India.
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The document provides details on key announcements made in the Indian Union Budget for 2018-2019. It summarizes budget allocations and policy measures across several sectors including agriculture, rural development, health, education, infrastructure, digital initiatives, taxation policies, banking & financial sector reforms, employment generation, housing, and defense.
The document discusses various aspects of budgets in India. It defines a budget as an estimate of income and expenditure for a set period of time. It notes that the Union Budget of India is presented annually by the Finance Minister, as required by the constitution. The document then provides examples of different types of budgets and discusses some key aspects and benchmarks of Indian budgets throughout history. It also summarizes some new initiatives introduced in recent Indian budgets and expected versus actual outcomes of the 2014 budget related to banking and non-banking financial companies.
The document provides expectations from various industries for the upcoming 2022-23 Union Budget of India. It summarizes the results of a survey of 330 industry experts and analysts conducted by CareEdge to forecast what measures the Finance Minister could announce. Key expectations included higher spending on infrastructure, employment generation, healthcare, agriculture, and logistics infrastructure. Industries are expecting support through new welfare programs, tax concessions, higher allocations to existing schemes, and measures to boost sectors like manufacturing, exports, and disinvestment.
The document outlines the government's budget proposals across 9 pillars including agriculture, rural development, social sector, education, skills and job creation, infrastructure, financial sector reforms, governance, fiscal discipline, and tax reforms. Key highlights include doubling farmers' income, rural employment, health coverage for all, increasing education quality, skill development programs, infrastructure investment, financial stability, ease of doing business, prudent fiscal management, and reducing the tax compliance burden. The document then provides more details on initiatives and allocations for agriculture, rural development, social programs, education, and skill and job creation.
This document provides a summary of the key highlights from the Indian Union Budget for 2020-21 presented by Finance Minister Nirmala Sitharaman. Some of the major points include increased spending on agriculture, infrastructure, health, and education. Tax exemptions have been introduced for affordable housing and startups. New income tax slabs with lower rates and removal of around 70 exemptions have been proposed. The budget aims to boost the economy through measures like expanding rural development programs, increasing foreign investment, and developing industries.
PM-DevINE: New scheme Prime Minister’s Development Initiative for North-East Region (PM-DevINE) launched to fund infrastructure and social development projects in the North-East.
Vibrant Villages Programme: Vibrant Villages Programme for development of Border villages with sparse population, limited connectivity and infrastructure on the northern border.
Sunrise Opportunities: Government contribution to be provided for R&D in Sunrise Opportunities like Artificial Intelligence, Geospatial Systems and Drones, Semiconductor and its eco-system, Space Economy, Genomics and Pharmaceuticals, Green Energy, and Clean Mobility Systems.
This document provides an overview and summary of the Indian budget process. It discusses the history of budgets in India dating back to 1860. Key points include that the annual budget is presented by the Finance Minister on the last working day of February, detailing estimated receipts, expenditures, and funds to be collected via taxes and borrowings. The budget formulation process involves consultations with various ministries, states, and stakeholders. Highlights of the 2015 budget include expenditures, GDP projections, sectors like agriculture and education, and tax changes. Challenges faced include agricultural stress, infrastructure investment needs, and fiscal targets. Plans to address challenges include more public investment, manufacturing support, and fiscal discipline.
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss.For real time update Visit our social media handle.Read First India NewsPaper in your morning replace.Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
The document provides details on key announcements made in the Indian Union Budget for 2018-2019. It summarizes budget allocations and policy measures across several sectors including agriculture, rural development, health, education, infrastructure, digital initiatives, taxation policies, banking & financial sector reforms, employment generation, housing, and defense.
The document discusses various aspects of budgets in India. It defines a budget as an estimate of income and expenditure for a set period of time. It notes that the Union Budget of India is presented annually by the Finance Minister, as required by the constitution. The document then provides examples of different types of budgets and discusses some key aspects and benchmarks of Indian budgets throughout history. It also summarizes some new initiatives introduced in recent Indian budgets and expected versus actual outcomes of the 2014 budget related to banking and non-banking financial companies.
First india jaipur edition-02 february 2021FIRST INDIA
First India ePaper provides best exclusive stories of the day.Today's News Headlines from politics, technology, business news, Bollywood news, life style and many more.We are the best ENGLISH NEWSPAPER in India with special coverage of Rajasthan , Gujrat and power corridor of the country national capital Delhi. Follow us for more information.
Visit:- https://firstindia.co.in/newspaper
Get detailed insights on the Economic Survey and Sectoral impact of the Key Union Budget 2022- 23 announcements. Check the presentation to find out more.
The document provides an overview and analysis of the macroeconomic backdrop for India's 2021-2022 Union Budget. It discusses factors like rising global inflation, interest rate hikes by the Federal Reserve, and challenges facing the Indian economy like high unemployment, weak rural demand, and declining GDP growth. The budget aims to balance fiscal prudence with populism and growth initiatives. It allocates funds toward infrastructure, manufacturing, and startups to boost the economy but faces constraints around maintaining a high fiscal deficit. The budget composition is shifting toward higher capital expenditures that have a larger multiplier effect on growth.
The document discusses key aspects of the Indian Union Budget announced in 2017, including:
- Reduced income tax rates and a higher income tax exemption limit.
- Increased spending on rural development, healthcare, infrastructure, and other social programs targeting farmers, youth, and other groups.
- Measures to promote digital payments and increase transparency in political funding.
- Higher allocations for railways, roads, defense, and other infrastructure sectors along with plans for new projects.
Hi All,
Budget View from Team Aera
The government of India has put their ambitious and national building plan with today's Budget.
We find that the Budget is impressive.
Please find the attached first cut review of the Budget.
We welcome comments from you as well as ready to provide any more details /clarity on this finance bill 2022 ..
Thanks
Team Aera
#unionbudget2022 #unionbudget #indiamarket #growthpotential
Union budget- Introduction, classification, procedure, current status of budget in India, military budget in India. Defence budget in India-its status, focus and forecasts of budgets
A budget is a quantitative financial plan that expresses strategic and operational plans in measurable monetary terms for an upcoming accounting period. Budgets help organizations plan and control resources, communicate plans to managers, motivate managers to achieve goals, evaluate manager performance, and provide accountability. The presented document summarizes key aspects of the Union Budget of India for 2014-2015, including allocations and plans for sectors like agriculture, technology, subsidies, government spending, financial services, and infrastructure development.
This document is the Budget of India for 2009-2010. It outlines the key economic challenges facing India and summarizes the state of the economy. It then details several short-term stimulus measures to boost infrastructure, agriculture, and exports. These include increased allocations for highways, railways, urban development and power. It also outlines measures to increase credit to farmers and small businesses to promote growth.
The document analyzes the Union Budget of India for 2009-2010. It discusses key aspects of the budget such as taxation changes, stimulus for the automotive and telecom sectors, agricultural initiatives, and allocations for infrastructure, education, and rural development. Experts provide views on the budget, praising measures to boost growth but noting weaknesses like low agricultural spending. In conclusion, the author commends efforts to balance growth and fiscal prudence, and sees the budget as prioritizing demand over supply-side reforms.
The document summarizes the key features of the Indian budget for 2011-2012. It identifies opportunities like strong economic growth and progress on institutional reforms. Challenges include inflation, implementation gaps in public programs, and corruption. The economy is estimated to have grown 8.6% in 2010-2011. Key areas discussed include sustaining growth through fiscal consolidation, tax and expenditure reforms, subsidies, investment in infrastructure, exports, curbing black money, and strengthening social inclusion through education, health, and skill development initiatives.
The document summarizes key points from the Indian Union Budget for 2012-13. It discusses estimates for GDP growth, fiscal deficits, revenues and expenditures. It outlines proposals to increase investment in infrastructure, manufacturing, rural development and social sectors. Taxation measures are also highlighted, including increases in excise duties and service tax rates, while personal income tax exemptions are raised. The budget aims to boost growth while reducing fiscal deficits.
The much-awaited budget 2017-18 is out and along with it, a range of expectations for the future. The Union Budget 2017 is a very cheering and approving budget for real estate industry. It has proposed a number of positive procedures to build up the structure of the Indian real estate sector. The real estate sector contributes approximately 15% of India’s GDP. Without a hesitation, the Indian realty sector deserves attention for its health. It has direct impact India’s economic health.
Some key features of budget are—
• Taxation
• Infrastructure
• Loan refinance
• Pradhan Mantri Awas Yojana (PMAY)
• Increase in the size of housing
The Finance Minister presented India's first ever digital Union Budget on February 1, 2021. Some key points:
- Higher capital expenditure was announced for 2021-2022, with a focus on healthcare and infrastructure.
- The budget aimed to boost six pillars: health, infrastructure, inclusive development, human capital, innovation and minimum government.
- COVID-19 vaccination was allocated Rs. 35,000 crore and health spending increased 135% over the previous year.
- Fiscal deficit was targeted at 6.8% of GDP for 2021-2022, steadily decreasing to 4.5% by 2025-2026.
The document provides details about the Union Budget of India for 2009-2010. It summarizes the key aspects of the budget including total estimated expenditures of Rs. 10.2 trillion and estimated revenues of Rs. 6.1 trillion. It outlines spending increases for sectors like rural development, education, health, and infrastructure development. The economic survey highlights India's GDP growth target of 7.5% for 2009-2010 with challenges from the global slowdown and inflation addressed through fiscal policy changes.
The Union Budget for 2011-2012 made several changes to taxes and introduced reforms. Personal income tax exemptions were raised and income tax forms were simplified. Service tax and duties on some goods were increased, while customs duties on some machinery were decreased. The fiscal deficit was projected to decline gradually over the next few years. Spending on infrastructure, rural development, education, health and other social sectors was increased. Agriculture support measures like interest subsidies and credit targets were announced.
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss.For real time update Visit our social media handle.Read First India NewsPaper in your morning replace.Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
The document provides an overview of key proposals in India's Union Budget for 2009, including changes to income tax, customs duty, excise duty, and service tax. Some key points include raising the basic income tax exemption limit and MAT rate, removing the surcharge on personal income tax, extending certain tax holidays, and withdrawing the levy of FBT. The budget aims to promote growth while addressing fiscal concerns over the projected higher fiscal deficit. It also outlines various measures to simplify the tax system and improve tax administration.
Economic Survey - Government’s evaluation of demonetisation (note bandi in po...D Murali ☆
Economic Survey - Government’s evaluation of demonetisation (note bandi in popular parlance) and other aspects concerning Indian economy - T. N. Pandey - Article published in Business Advisor, dated February 25, 2017 - http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
Key Takeaways:
- Economy of Kerala
- Budgeted Expenditure and Receipts
- Tax Reforms and Major State Tax Revenues
- Sectoral Expenditure
- Specific Policies
The document provides a summary of key highlights from the Union Budget 2020-21 presented by the Finance Minister. It outlines the three broad themes of the budget - Aspirational India, Economic Development for All, and Caring Society. It then details various allocations and policy measures across sectors like agriculture, healthcare, education, infrastructure, housing, and more to achieve the objectives under each theme. Key allocations include Rs. 2.83 lakh crore for agriculture and rural development, Rs. 69,000 crore for healthcare, Rs. 99,300 crore for education, and Rs. 100 lakh crore investment in infrastructure over 5 years.
The summary provides the key highlights from the Union Budget 2022-23:
1) The total expenditure for 2022-23 is estimated at Rs. 39.45 lakh crore with a fiscal deficit target of 6.4% of GDP. Several programs are aimed at boosting infrastructure development, MSMEs, agriculture, renewable energy, and health.
2) Major infrastructure schemes include expanding the national highways network, developing multimodal logistics parks, upgrading railway infrastructure, and introducing ropeways under the Parvatmala program.
3) Support for MSMEs includes extending ECLGS, additional credit facilitation, and the RAMP program. Agriculture initiatives include MSP payments, promoting natural
The budget focused on developing a 'New India' through boosts for agriculture, rural development, infrastructure, healthcare, employment and education. Key announcements included increasing MSP for crops to 1.5 times production cost, allocating Rs. 2000 crore for developing agricultural markets, and doubling allocation for food processing. The budget also proposed the world's largest government healthcare program covering over 10 crore poor families and allocating funds for rural housing and education infrastructure development. However, expectations of income tax cuts were mostly unmet with the exception of a standard deduction increase, and stock markets fell due to the announcement of a 10% tax on long-term capital gains from equities.
First india jaipur edition-02 february 2021FIRST INDIA
First India ePaper provides best exclusive stories of the day.Today's News Headlines from politics, technology, business news, Bollywood news, life style and many more.We are the best ENGLISH NEWSPAPER in India with special coverage of Rajasthan , Gujrat and power corridor of the country national capital Delhi. Follow us for more information.
Visit:- https://firstindia.co.in/newspaper
Get detailed insights on the Economic Survey and Sectoral impact of the Key Union Budget 2022- 23 announcements. Check the presentation to find out more.
The document provides an overview and analysis of the macroeconomic backdrop for India's 2021-2022 Union Budget. It discusses factors like rising global inflation, interest rate hikes by the Federal Reserve, and challenges facing the Indian economy like high unemployment, weak rural demand, and declining GDP growth. The budget aims to balance fiscal prudence with populism and growth initiatives. It allocates funds toward infrastructure, manufacturing, and startups to boost the economy but faces constraints around maintaining a high fiscal deficit. The budget composition is shifting toward higher capital expenditures that have a larger multiplier effect on growth.
The document discusses key aspects of the Indian Union Budget announced in 2017, including:
- Reduced income tax rates and a higher income tax exemption limit.
- Increased spending on rural development, healthcare, infrastructure, and other social programs targeting farmers, youth, and other groups.
- Measures to promote digital payments and increase transparency in political funding.
- Higher allocations for railways, roads, defense, and other infrastructure sectors along with plans for new projects.
Hi All,
Budget View from Team Aera
The government of India has put their ambitious and national building plan with today's Budget.
We find that the Budget is impressive.
Please find the attached first cut review of the Budget.
We welcome comments from you as well as ready to provide any more details /clarity on this finance bill 2022 ..
Thanks
Team Aera
#unionbudget2022 #unionbudget #indiamarket #growthpotential
Union budget- Introduction, classification, procedure, current status of budget in India, military budget in India. Defence budget in India-its status, focus and forecasts of budgets
A budget is a quantitative financial plan that expresses strategic and operational plans in measurable monetary terms for an upcoming accounting period. Budgets help organizations plan and control resources, communicate plans to managers, motivate managers to achieve goals, evaluate manager performance, and provide accountability. The presented document summarizes key aspects of the Union Budget of India for 2014-2015, including allocations and plans for sectors like agriculture, technology, subsidies, government spending, financial services, and infrastructure development.
This document is the Budget of India for 2009-2010. It outlines the key economic challenges facing India and summarizes the state of the economy. It then details several short-term stimulus measures to boost infrastructure, agriculture, and exports. These include increased allocations for highways, railways, urban development and power. It also outlines measures to increase credit to farmers and small businesses to promote growth.
The document analyzes the Union Budget of India for 2009-2010. It discusses key aspects of the budget such as taxation changes, stimulus for the automotive and telecom sectors, agricultural initiatives, and allocations for infrastructure, education, and rural development. Experts provide views on the budget, praising measures to boost growth but noting weaknesses like low agricultural spending. In conclusion, the author commends efforts to balance growth and fiscal prudence, and sees the budget as prioritizing demand over supply-side reforms.
The document summarizes the key features of the Indian budget for 2011-2012. It identifies opportunities like strong economic growth and progress on institutional reforms. Challenges include inflation, implementation gaps in public programs, and corruption. The economy is estimated to have grown 8.6% in 2010-2011. Key areas discussed include sustaining growth through fiscal consolidation, tax and expenditure reforms, subsidies, investment in infrastructure, exports, curbing black money, and strengthening social inclusion through education, health, and skill development initiatives.
The document summarizes key points from the Indian Union Budget for 2012-13. It discusses estimates for GDP growth, fiscal deficits, revenues and expenditures. It outlines proposals to increase investment in infrastructure, manufacturing, rural development and social sectors. Taxation measures are also highlighted, including increases in excise duties and service tax rates, while personal income tax exemptions are raised. The budget aims to boost growth while reducing fiscal deficits.
The much-awaited budget 2017-18 is out and along with it, a range of expectations for the future. The Union Budget 2017 is a very cheering and approving budget for real estate industry. It has proposed a number of positive procedures to build up the structure of the Indian real estate sector. The real estate sector contributes approximately 15% of India’s GDP. Without a hesitation, the Indian realty sector deserves attention for its health. It has direct impact India’s economic health.
Some key features of budget are—
• Taxation
• Infrastructure
• Loan refinance
• Pradhan Mantri Awas Yojana (PMAY)
• Increase in the size of housing
The Finance Minister presented India's first ever digital Union Budget on February 1, 2021. Some key points:
- Higher capital expenditure was announced for 2021-2022, with a focus on healthcare and infrastructure.
- The budget aimed to boost six pillars: health, infrastructure, inclusive development, human capital, innovation and minimum government.
- COVID-19 vaccination was allocated Rs. 35,000 crore and health spending increased 135% over the previous year.
- Fiscal deficit was targeted at 6.8% of GDP for 2021-2022, steadily decreasing to 4.5% by 2025-2026.
The document provides details about the Union Budget of India for 2009-2010. It summarizes the key aspects of the budget including total estimated expenditures of Rs. 10.2 trillion and estimated revenues of Rs. 6.1 trillion. It outlines spending increases for sectors like rural development, education, health, and infrastructure development. The economic survey highlights India's GDP growth target of 7.5% for 2009-2010 with challenges from the global slowdown and inflation addressed through fiscal policy changes.
The Union Budget for 2011-2012 made several changes to taxes and introduced reforms. Personal income tax exemptions were raised and income tax forms were simplified. Service tax and duties on some goods were increased, while customs duties on some machinery were decreased. The fiscal deficit was projected to decline gradually over the next few years. Spending on infrastructure, rural development, education, health and other social sectors was increased. Agriculture support measures like interest subsidies and credit targets were announced.
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss.For real time update Visit our social media handle.Read First India NewsPaper in your morning replace.Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
The document provides an overview of key proposals in India's Union Budget for 2009, including changes to income tax, customs duty, excise duty, and service tax. Some key points include raising the basic income tax exemption limit and MAT rate, removing the surcharge on personal income tax, extending certain tax holidays, and withdrawing the levy of FBT. The budget aims to promote growth while addressing fiscal concerns over the projected higher fiscal deficit. It also outlines various measures to simplify the tax system and improve tax administration.
Economic Survey - Government’s evaluation of demonetisation (note bandi in po...D Murali ☆
Economic Survey - Government’s evaluation of demonetisation (note bandi in popular parlance) and other aspects concerning Indian economy - T. N. Pandey - Article published in Business Advisor, dated February 25, 2017 - http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
Key Takeaways:
- Economy of Kerala
- Budgeted Expenditure and Receipts
- Tax Reforms and Major State Tax Revenues
- Sectoral Expenditure
- Specific Policies
The document provides a summary of key highlights from the Union Budget 2020-21 presented by the Finance Minister. It outlines the three broad themes of the budget - Aspirational India, Economic Development for All, and Caring Society. It then details various allocations and policy measures across sectors like agriculture, healthcare, education, infrastructure, housing, and more to achieve the objectives under each theme. Key allocations include Rs. 2.83 lakh crore for agriculture and rural development, Rs. 69,000 crore for healthcare, Rs. 99,300 crore for education, and Rs. 100 lakh crore investment in infrastructure over 5 years.
The summary provides the key highlights from the Union Budget 2022-23:
1) The total expenditure for 2022-23 is estimated at Rs. 39.45 lakh crore with a fiscal deficit target of 6.4% of GDP. Several programs are aimed at boosting infrastructure development, MSMEs, agriculture, renewable energy, and health.
2) Major infrastructure schemes include expanding the national highways network, developing multimodal logistics parks, upgrading railway infrastructure, and introducing ropeways under the Parvatmala program.
3) Support for MSMEs includes extending ECLGS, additional credit facilitation, and the RAMP program. Agriculture initiatives include MSP payments, promoting natural
The budget focused on developing a 'New India' through boosts for agriculture, rural development, infrastructure, healthcare, employment and education. Key announcements included increasing MSP for crops to 1.5 times production cost, allocating Rs. 2000 crore for developing agricultural markets, and doubling allocation for food processing. The budget also proposed the world's largest government healthcare program covering over 10 crore poor families and allocating funds for rural housing and education infrastructure development. However, expectations of income tax cuts were mostly unmet with the exception of a standard deduction increase, and stock markets fell due to the announcement of a 10% tax on long-term capital gains from equities.
The document summarizes the key aspects of the Union Budget 2014-15 in India. It outlines the budget's focus on developing new and rural India, and its allocation of funds across various sectors like agriculture, industry, infrastructure, education, health, and defense. Some major allocations included Rs. 8 lakh crore for agriculture credit, Rs. 14,389 crore for rural road development, Rs. 500 crore to set up 5 new IITs, and Rs. 5,000 crore additional allocation for defense. The budget estimated total expenditure of Rs. 17,94,892 crore with gross tax receipts of Rs. 13,64,524 crore.
The document summarizes the key aspects of the Union Budget 2020-21 presented by the Finance Minister Nirmala Sitharaman, including structural reforms focused on governance, financial sector, agriculture, and infrastructure development, as well as expenditure estimates and tax proposals aimed at boosting the Indian economy and achieving the government's vision of an aspirational India. The budget aims to balance growth promotion with fiscal discipline through measured stimulus targeted at entrepreneurship, trust-building, and citizen prosperity.
The 2017 Union Budget, presented by Finance Minister Arun Jaitley on Wednesday,01 FEBRU-
ARY 2017, was broadly focused on 10 themes — the farming sector, the rural population, the youth,the poor and underprivileged health care, infrastructure, the financial sector for stronger institu-tions, speedy accountability, public services, prudent fiscal management and tax administration for the honest. This report is focused on detailed summary and sector wise impact on market after Budget announcement.
The Union Budget 2017-18 aims to improve the quality of growth and life of citizens. Key priorities include farmers, rural development, skills development for youth, and welfare of the poor. Infrastructure development remains a focus. Fiscal deficit is targeted at 3.2% of GDP for 2017-18. Prudent fiscal management aims to achieve fiscal targets while increasing capital expenditures. The budget emphasizes use of digital technology and improving tax administration.
The Union Budget 2014-15 document outlines the Indian government's budget and economic priorities. It aims to revive economic growth through measures like increasing investment in infrastructure, promoting manufacturing, and job creation. Fiscal prudence is a priority, with a fiscal deficit target of 4.1% of GDP. The budget also focuses on rural development, healthcare, education, skill development, and welfare schemes for disadvantaged groups. Tax exemption limits were raised for individual taxpayers to benefit middle class families.
The document is a summary of the key announcements made in the Indian Union Budget for 2018-19 presented by Finance Minister Arun Jaitley. Some of the key highlights include:
- Increased focus on agriculture and rural economy through initiatives like Operation Green, e-NAM, and increasing MSP for crops.
- Investments in education through the new RISE initiative and setting up more medical colleges and Ekalavya schools.
- Allocations for railways infrastructure projects, electrification, dedicated freight corridors and procurement of trains and locomotives.
- Tax relief for small businesses and salaried individuals through standard deduction and lower tax rates.
- Increased investments in infrastructure like roads, airports,
Finance Minister Arun Jaitley presented India's Union Budget for 2014-2015, the first under the new Modi-led government. Key aspects of the budget included maintaining a fiscal deficit target of 4.1% of GDP, aiming for 7-8% economic growth over the next 3-4 years, and increasing foreign direct investment caps in certain sectors such as defense and insurance. The budget also focused on infrastructure development, rural development, job creation, and welfare schemes.
The document discusses key aspects of the Indian Union Budget announced in 2017, including:
- Reduced income tax rates and a higher income tax exemption limit.
- Increased spending on rural development, healthcare, infrastructure, and other social programs targeting farmers, youth, and other groups.
- Measures to promote digital payments and increase transparency in political funding.
- Higher allocations for initiatives related to railways, roads, education, skill development, and rural electrification.
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
The Finance Minister presented the Union Budget for 2018. Key highlights included no changes to income tax slabs but a standard deduction of Rs. 40,000 was introduced. Long-term capital gains from equities over Rs. 1 lakh will be taxed at 10% and various healthcare benefits were announced for senior citizens. The fiscal deficit for 2018-19 is projected to be 3.3% of GDP. Strategic disinvestment of PSUs including Air India was announced along with a target to exceed the 2017-18 disinvestment target of Rs. 1 trillion.
A budget is a quantitative expression of a plan for a defined period of time. It may include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows. It expresses strategic plans of business units, organizations, activities or events in measurable terms
The document summarizes key initiatives from the Indian Union Budget presented by Finance Minister Arun Jaitley. It outlines economic initiatives focusing on areas like smart cities, rural development, women & child development, and agriculture. It proposes increased allocation for education, health, irrigation, and other sectors. It also discusses tax-related proposals like increasing the income tax exemption limit and changes in direct and indirect tax rates for various goods. The opposition parties criticize the budget for not doing enough to benefit common people.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
2. Contents
Ÿ Dividend Distribution Tax (DDT)
Ÿ Ports & Water-ways
Ÿ Cooperatives
Ÿ Affordable housing
Ÿ Fiscal Management
Ÿ Wellness, Water and Sanitation
Ÿ Industry, Commerce and Investment
Ÿ Power
Ÿ Financial Market
Ÿ Three prominent themes of the Budget
Ÿ Electricity
Ÿ Sixteen Action Points for Agriculture, Irrigation and Rural Development
Ÿ Economic Development
Ÿ Infrastructure
Ÿ Highways
Ÿ Education and Skills
Ÿ Three components of Aspirational India
Ÿ New Economy
Ÿ Caring Society
Ÿ Airports
Ÿ Culture & Tourism
Ÿ Environment & Climate Change
Ÿ Financial Sector
Ÿ Direct Tax
Ÿ Indian Railways
Ÿ Personal Income Tax
Ÿ Corporate Tax
Ÿ MSMEs to boost less-cash economy
Ÿ Start-ups
Ÿ Tax concession for foreign investments
Ÿ Customs Duties
Ÿ GST
Ÿ Indirect Tax
Ÿ Tax Facilitation Measures
Ÿ Trade Policy Measures
18
4
3
8
9
10
5
13
14
15
16
17
20
19
3. Aspirational
India
Economic
Development for all
Caring Society
Better standards of living with
access to health, education and
better jobs for all sections of the
society.
“Sabka Saath,
Sabka Vikas,
Sabka Vishwas”
Both humane and compassionate;
Antyodaya as an article of faith.
Three broad themes are held together by
Clean and sound nancial sector.
Corruption free, policy-driven Good Governance.
Ease of Living underlined by the three themes of Union Budget 2020-21.
5. Ÿ Comprehensive measures for 100 water-stressed
districts proposed.
Ÿ Rs. 1.23 lakh crore for Rural development &
Panchayati Raj. –
Ÿ Rs. 1.60 lakh crore for Agriculture, Irrigation &
allied activities.
Ÿ NABARD Re- nance Scheme to be further
expanded.
Ÿ PM-KISAN bene ciaries to be covered under the
KCC scheme.
Ÿ Sixteen Action Points for Agriculture,
Irrigation and Rural DevelopmentRs. 2.83
lakh crore to be allocated for the following
16 Action Points
Ÿ Rs. 15 lakh crore target set for the year 2020-21.
Ÿ Agriculture credit:
6. Ÿ Rs. 200 lakh tonnes sh production targeted
by 2022-23.
Ÿ Growing of algae, sea-weed and cage culture
to be promoted.
Ÿ Rs. 1 lakh crore sheries’exports to be
achieved by 2024-25.
Ÿ 3477 Sagar Mitras and 500 Fish Farmer
Producer Organisations to involve youth in
sheries extension.
Ÿ Framework for development, management
and conservation of marine shery resources.
Ÿ Blue Economy:
Ÿ Express and Freight trains to have refrigerated
coaches.
Ÿ Krishi Udaan to be launched by the Ministry
of Civil Aviation:
Ÿ Kisan Rail to be setup by Indian Railways
through PPP:
Ÿ Both international and national routes to be
covered.
Ÿ To build a seamless national cold supply chain
for perishables (milk, meat, sh, etc.
Ÿ North-East and tribal districts to realize
Improved value of agri-products.
Ÿ Zero-Budget Natural Farming (mentioned in
July 2019 Budget) to be included.
Ÿ One-Product One-District for better marketing
and export in the Horticulture sector.
Ÿ Balanced use of all kinds of fertilizers –
traditional organic and innovative fertilizers..
Ÿ Measures for organic, natural, and integrated
farming:
Ÿ Jaivik Kheti Portal – online national organic
products market to be strengthened.
Ÿ Integrated Farming Systems in rain-fed areas
to be expanded.
Ÿ Multi-tier cropping, bee-keeping, solar
pumps, solar energy production in non-
cropping season to be added.
7. Ÿ To be run by the SHGs to provide farmers a
good holding capacity and reduce their
logistics cost.
Ÿ Women, SHGs to regain their position as
Dhaanya Lakshmi.
Ÿ Warehousing in line with Warehouse
Development and Regulatory Authority (WDRA)
norms:
Ÿ PM-KUSUM to be expanded:
Ÿ Rs. 20 lakh farmers to be provided for setting
up stand-alone solar pumps.
Ÿ Another Rs. 15 lakh farmers to be helped to
solarise their grid-connected pump sets.
Ÿ Scheme to enable farmers to set up solar
power generation capacity on their
fallow/barren lands and to sell it to the grid.
Ÿ Village Storage Scheme:
Ÿ NABARD to map and geo-tag agri-warehouses,
cold storages, reefer van facilities, etc.
Ÿ Food Corporation of India (FCI) and Central
Warehousing Corporation (CWC) to undertake
such warehouse building.
Ÿ Viability Gap Funding for setting up such
efficient warehouses at the block/taluk level.
Ÿ Livestock:
Ÿ Doubling of milk processing capacity to 108
million MT from 53.5 million MT by 2025.
Ÿ Foot and Mouth Disease, Brucellosis in cattle
and Peste Des Petits ruminants (PPR) in sheep
and goat to be eliminated by 2025.
Ÿ Arti cial insemination to be increased to 70%
from the present 30%.
Ÿ State governments who undertake
implementation of model laws (issued by the
Central government) to be encouraged.
Ÿ Financing on Negotiable Warehousing Receipts
(e-NWR) to be integrated with e-NAM.
Ÿ MNREGS to be dovetailed to develop fodder
farms..
Ÿ Deen Dayal Antyodaya Yojana – Rs. 5 crore
households mobilized with 58 lakh SHGs for
poverty alleviation.
8. Ÿ 6400 crore (out of Rs. 69,000 crore) for PM Jan Arogya Yojana (PMJAY):
Ÿ More than 20,000 hospitals already empanelled under PM Jan
Arogya Yojana (PMJAY).
Ÿ Viability Gap Funding window proposed for setting up hospitals in
the PPP mode.
Ÿ 69,000 crore allocated for overall Healthcare sector.
Ÿ Aspirational Districts with no Ayushman empanelled hospitals to be
covered in the rst phase.
Wellness, Water and Sanitation
Ÿ Targeting diseases with an appropriately designed preventive
regime using Machine Learning and AI.
Ÿ Jan Aushadhi Kendra Scheme to offer 2000 medicines and 300
surgicals in all districts by 2024.
Ÿ TB Harega Desh Jeetega campaign launched – commitment to end
Tuberculosis by 2025.
Ÿ Rs. 3.60 lakh crore approved for Jal Jeevan Mission:
Ÿ Rs. 11,500 crore for the year 2020-21.
Ÿ Augmenting local water sources, recharging existing sources, and
promoting water harvesting and de-salination.
Ÿ Cities with million-plus population to be encouraged to achieve the
objective during the current year itself.
Ÿ 12, 300 crore allocation for Swachh Bharat Mission in 2020-21:
Ÿ Committment to ODF-Plus in order to sustain ODF behaviour.
Ÿ Emphasis on liquid and grey water management.
Ÿ Focus also on Solid-waste collection, source segregation, and
processing.
9. Education and Skills
Ÿ Degree level full- edged online education program by Top-
100 institutions in the National Institutional Ranking
Framework.
Ÿ 150 higher educational institutions to start apprenticeship
embedded degree/diploma courses by March 2021.
Ÿ Special bridge courses to be designed by the Ministries of
Health, and Skill Development:
Ÿ To ful ll the demand for teachers, nurses, para-medical
staff and care-givers abroad..
Ÿ To bring in equivalence in the skill sets of the workforce
and employers’standards.
Ÿ 99,300 crore for education sector and Rs.. 3000 crore for skill
development in 2020-21.
Ÿ Budget proposes to attach a medical college to an existing
district hospital in PPP mode.
Ÿ National Police University and National Forensic Science
University proposed for policing science, forensic science,
and cyber-forensics.
Ÿ External Commercial Borrowings and FDI to be enabled for
education sector.
Ÿ Ind-SAT proposed for Asian and African countries as a part
of Study in India.
Ÿ New Education Policy to be announced soon.
Ÿ Up to 1-year internship to fresh engineers to be provided by
Urban Local Bodies.
10. Ÿ Simpli ed procedure for claim settlements.
Ÿ National Technical Textiles Mission to be set up:
Ÿ To position India as a global leader in Technical Textiles.
Ÿ New scheme NIRVIK to be launched to achieve higher
export credit disbursement, which provides for:
Ÿ All Ministries to issue quality standard orders as per PM’s
vision of“Zero Defect-Zero Effect”manufacturing
Ÿ Scheme to encourage manufacture of mobile phones,
electronic equipment and semiconductor packaging
proposed.
Ÿ Turnover of Government e-Marketplace (GeM) proposed to
be taken to Rs 3 lakh crore.
Ÿ Five new smart cities proposed to be developed.
Ÿ With four-year implementation period from 2020-21 to
2023-24.
Ÿ Reduction in premium for small exporters
Ÿ Scheme for Revision of duties and taxes on exported
products to be launched.
Ÿ Higher insurance coverage
Ÿ Exporters to be digitally refunded duties and taxes
levied at the Central, State and local levels, which are
otherwise not exempted or refunded.
Ÿ At an estimated outlay of Rs 1480 crore.
Economic Development
Industry, Commerce and Investment
Ÿ 27,300 crore allocated for 2020-21 for development and
promotion of Industry and Commerce.
Ÿ Investment Clearance Cell proposed to be set up:
Ÿ To provide“end to end”facilitation and support.
Ÿ To work through a portal.
11. Ÿ Project preparation facility for infrastructure
projects proposed.
Ÿ More than 6500 projects across sectors, to be
classi ed as per their size and stage of
development.
Ÿ Infrastructure agencies of the government to
involve youth-power in start-ups.
Ÿ National Skill Development Agency to give
special thrust to infrastructure-focused skill
development opportunities.
Ÿ A National Logistics Policy to be released soon:
Ÿ Focus to be on generation of employment,
skills and making MSMEs competitive.
Infrastructure
Ÿ National Infrastructure Pipeline:
Ÿ Rs. 100 lakh crore to be invested on
infrastructure over the next 5 years.
Ÿ To clarify roles of the Union Government,
State Governments and key regulators.
Ÿ A single window e-logistics market to be
created
Ÿ To actively involve young engineers,
management graduates and economists from
Universities.
Ÿ Rs. 1.7 lakh crore proposed for transport
infrastructure in 2020-21.
Ÿ Rs. 103 lakh crore worth projects; launched
on 31st December 2019.
Highways
Ÿ 2000 Km of coastal and land port roads.
Ÿ Accelerated development of highways to be
undertaken, including:
Ÿ 2500 Km access control highways.
Ÿ 9000 Km of economic corridors.
Ÿ Delhi-Mumbai Expressway and two other
packages to be completed by 2023.
Ÿ Chennai-Bengaluru Expressway to be started.
Ÿ Five measures:
Ÿ Large solar power capacity to be set up
alongside rail tracks, on land owned by
railways.
Ÿ Four station re-development projects and
operation of 150 passenger trains through
PPP.
Ÿ More Tejas type trains to connect iconic
tourist destinations.
Ÿ 148 km long Bengaluru Suburban transport
project at a cost of Rs 18600 crore, to have
fares on metro model. Central Government to
provide 20% of equity and facilitate external
assistance up to 60% of the project cost.
Ÿ 2000 Km of strategic highways.
Ÿ Proposed to monetise at least 12 lots of highway
bundles of over 6000 Km before 2024.
Indian Railways
Ÿ High speed train between Mumbai and
Ahmedabad to be actively pursued.
Ÿ Indian Railways’achievements:
Ÿ 550 Wi- facilities commissioned in as
many stations.
Ÿ Zero unmanned crossings.
Ÿ 27000 Km of tracks to be electri ed.
Ÿ Air eet number expected to go up from
present 600 to 1200 during this time.
Ÿ Economic activity along river banks to be
energised as per Prime Minister’s
Ÿ Governance framework keeping with global
benchmarks needed for more efficient sea-
ports.
Airports
Ports & Water-ways
Ÿ 100 more airports to be developed by 2024
to support Udaan scheme.
Arth Ganga.
Ÿ Corporatizing at least one major port and its
listing on stock exchanges to be considered.
12. Ÿ 22, 000 crore proposed for power and renewable energy sector in
2020-21.
Ÿ Further reforms to facilitate transparent price discovery and ease
of transactions.
Ÿ For designing, fabrication and validation of proof of concept,
and further scaling up Technology Clusters, harbouring test
beds and small scale manufacturing facilities to be established.
Ÿ Fibre to the Home (FTTH) connections through Bharatnet to
link 100,000 gram panchayats this year.
Ÿ 6000 crore proposed for Bharatnet programme in 2020-21.
Electricity
Ÿ “Smart”metering to be promoted.
Ÿ More measures to reform DISCOMs to be taken.
Power
Ÿ Expansion of national gas grid from the present 16200 km to
27000 km proposed.
New Economy
Ÿ To take advantage of new technologies:
Ÿ Measures proposed to bene t Start-ups:
Ÿ Policy to enable private sector to build Data Centre parks
throughout the country to be brought out soon.
Ÿ A digital platform to be promoted to facilitate seamless
application and capture of IPRs.
Ÿ Knowledge Translation Clusters to be set up across different
technology sectors including new and emerging areas.
Ÿ Mapping of India’s genetic landscape- Two new national level
Science Schemes to be initiated to create a comprehensive
database.
Ÿ Early life funding proposed, including a seed fund to support
ideation and development of early stage Start-ups.
Ÿ 8000 crore proposed over ve years for National Mission on
Quantum Technologies and Applications.
13. Caring Society
Ÿ Focus on:
Ÿ Women & child,
Ÿ Social Welfare;
Ÿ Culture and Tourism
Ÿ Allocation of Rs. 35,600 crore for nutrition-related
programmes proposed for the FY2020-21.
Ÿ 28, 600 crore proposed for women speci c
programs.
Ÿ Issue about age of a girl entering motherhood –
proposed to appoint a task force to present its
recommendations in six months’time.
Ÿ Financial support for wider acceptance of
technologies, identi ed by Ministry of Housing
and Urban Affairs to ensure no manual cleaning
of sewer systems or septic tanks, to be provided.
Ÿ Enhanced allocation of Rs. 9,500 crore provided
for 2020-21 for senior citizens and Divyang.
Ÿ 53, 700 crore provided to further development
and welfare of Scheduled Tribes.
Ÿ 85, 000 crore proposed for 2020-21 for welfare of
Scheduled Castes and Other Backward Classes.
Ÿ Rakhigarhi (Haryana)
Culture & Tourism
Ÿ Hastinapur (Uttar Pradesh)
Ÿ Support for setting up of a Tribal Museum in
Ranchi (Jharkhand).
Ÿ 5 archaeological sites to be developed as iconic
sites with on-site Museums:
Ÿ Shivsagar (Assam)
Ÿ An Indian Institute of Heritage and Conservation
under Ministry of Culture proposed; with the
status of a deemed University.
Ÿ Museum on Numismatics and Trade to be
located in the historic Old Mint building in
Kolkata.
Ÿ Dholavira (Gujarat)
Ÿ Allocation of Rs. 2500 crore for 2020-21 for
tourism promotion.
Ÿ 4 more museums from across the country to be
taken up for renovation and re-curation.
Ÿ Maritime museum to be set up at Lothal- the
Harrapan age maritime site near Ahmedabad, by
Ministry of Shipping.
Ÿ State governments expected to develop a
roadmap for certain identi ed destinations and
formulate nancial plans during 2021 against
which speci ed grants to be made available to
the States in 2020-21.
Ÿ Adichanallur (Tamil Nadu)
Ÿ Re-curation of the Indian Museum in Kolkata,
announced by Prime Minister in January 2020.
Ÿ 3150 crore proposed for Ministry of Culture for
2020-21.
14. Ÿ Clean, corruption-free, policy driven, good in intent and most importantly trusting in faith.
Ÿ A test-centre in every district, particularly in the Aspirational Districts.
Ÿ Improved ow of funds using online portal by the Government.
Ÿ Greater access to nancial assistance of Multilateral and Bilateral funding agencies.
Ÿ Contract Act to be strengthened.
Governance
Ÿ Lay down a road-map towards modernised data collection, integrated information portal and
timely dissemination of information.
Ÿ A robust mechanism to be evolved for appointment including direct recruitment to various Tribunals
and specialised bodies to attract best talents and professional experts.
Ÿ Other laws with such provisions are to be corrected after examination.
Ÿ Development of North East region:
Ÿ Allocation for this purpose to be Rs.4400 crore for 2020-21.
Ÿ Companies Act to be amended to build into statues, criminal liability for certain acts that are civil in
nature.
Ÿ Taxpayer Charter to be enshrined in the Statute will bring fairness and efficiency in tax administration.
Ÿ Major reforms in recruitment to Non-Gazetted posts in Government and Public sector banks:
Ÿ Proposed to advise the utilities to close the running old thermal power plants with carbon emission
above the pre-set norms.
Environment & Climate Change
Ÿ States that are formulating and implementing plans for ensuring cleaner air in cities above one million
to be encouraged.
Ÿ PM launched Coalition for Disaster Resilient Infrastructure (CDRI) with Secretariat in Delhi. Second
such international initiative after International Solar Alliance.
Ÿ An independent, professional and specialist National Recruitment Agency (NRA) for conducting a
computer-based online Common Eligibility Test for recruitment.
Ÿ New National Policy on Official Statistics to:
Ÿ Promote use of latest technologies including AI.
Ÿ A sum of Rs. 100 crore allocated to begin the preparations for G20 presidency to be hosted in India in
the year 2022.
Ÿ Development of Union Territories of J&K and Ladakh:
Ÿ An amount of Rs. 30,757 crore provided for the nancial year 2020-21.
Ÿ The Union Territory of Ladakh has been provided with Rs. 5,958.
15. Financial Sector
Ÿ Reforms accomplished in PSBs :
Ÿ 10 banks consolidated into 4.
Ÿ 3,50,000 crore capital infused.
Ÿ Rs. 1 crore to Rs 50 lakh loan size.
Ÿ Government to sell its balance holding in IDBI Bank to
private, retail and institutional investors through the stock
exchange.
Ÿ Private capital in Banking system:
Ÿ Governance reforms to be carried out to bring in transparency
and greater professionalism in PSBs.
Ÿ Increasing professionalism.
Ÿ Inter-operability mechanism to safeguard the accumulated
corpus.
Ÿ Pension Fund Regulatory Development Authority of India Act
to be amended to:
Ÿ Deposit Insurance and Credit Guarantee Corporation (DICGC)
permitted to increase Deposit Insurance Coverage to Rs. 5 lakh
from Rs.1 lakh per depositor.
Ÿ Few PSBs to be encouraged to approach the capital market to
raise additional capital
Ÿ Scheduled Commercial Bank’s health under monitoring
through a robust mechanism, keeping depositors’money safe.
Ÿ Enabling access to capital.
Ÿ NBFCs eligibility limit for debt recovery reduced from:
Ÿ Improving governance and oversight for sound banking
through the RBI.
Ÿ Rs. 500 crore to Rs 100 crore asset size.
Ÿ Auto-enrolment in Universal Pension coverage.
Ÿ Easier mobility in jobs:
Ÿ Cooperative Banks to be strengthen by amending Banking
Regulation Act for:
Ÿ Window for MSME’s debt restructuring by RBI to be extended by
one year till March 31, 2021.
Ÿ An app-based invoice nancing loans product for MSMEs to be
launched.
Ÿ An Rs 1000 crore scheme anchored by EXIM Bank together
with SIDBI.
Ÿ For selected sector such as pharmaceuticals, auto
components and others.
Ÿ More than ve lakh MSMEs have already been bene tted.
Ÿ To prevent the problem of delayed payments and
consequential cash ows mismatches.
Ÿ Export promotion of MSMEs:
Ÿ Hand holding support for technology upgradations, R&D,
business strategy etc.
Ÿ New scheme to provide subordinate debt for entrepreneurs of
MSMEs by the banks
Ÿ Enable NBFCs to extend invoice nancing to the MSMEs
through TReDS
Ÿ Factor Regulation Act 2011 to be amended to:
Ÿ Would be fully guaranteed through the Credit Guarantee
Trust for Medium and Small Entrepreneurs (CGTMSE).
Ÿ Facilitate separation of NPS trust for government employees
from PFRDAI.
Ÿ Enable establishment of a Pension Trust by the employees
other than Government.
Ÿ Would be counted as quasi-equity.
Ÿ The corpus of the CGTMSE would accordingly be augmented
by the government.
Ÿ Strengthen regulating role of PFRDAI.
16. Infrastructure Financing
Ÿ Debt Based Exchange Traded Fund expanded by a new Debt-ETF
consisting primarily of Government Securities.
Financial Market
Ÿ FPI limit in corporate bonds increased to 15% from 9% of its
outstanding stock.
Ÿ To give attractive access to retail investors, pension funds and
long-term investors.
Ÿ New legislation to be formulated for laying down a mechanism
for netting of nancial contracts.
Ÿ New mechanism to be devised to further this.
Ÿ 103 lakh crore National Infrastructure Pipeline projects earlier
announced.
Ÿ Deepening Bond Market..
Ÿ Scope of credit default swaps to expand.
Ÿ IFSC, GIFT city: full of potential to become a centre of
international nance as well as a centre for high end data
processing:
Ÿ An International Bullion exchange(s) to be set up as an
additional option for trade by global market participants with
the approval of regulator.
Ÿ Certain speci ed categories of Government securities to be
opened fully for non – resident investors also.
Disinvestment
Ÿ Government to sell a part of its holding in LIC by way of Initial
Public Offer (IPO).
Ÿ Rs 22,000 crore to cater to the equity support to Infrastructure
Finance Companies such as IIFCL and a subsidiary of NIIF.
Ÿ A Partial Credit Guarantee scheme for the NBFCs formulated
post the Union budget 2019-20 to address their liquidity
constraints.
Ÿ Government support to securities so oated.
17. Ÿ Recommendations accepted in substantial measure
Ÿ Balances due out of collection of the years 2016-17
and 2017-18 to be transferred to the Fund, in two
instalments.
Ÿ Hereinafter, transfers to the fund to be limited only
to collection by way of GST compensation cess.
Ÿ Revised Estimates of Expenditure: at Rs.26.99 lakh
crore
Ÿ XV Finance Commission has given its rst report for
FY2020-21
Ÿ Revised Estimates of Receipts: estimated at Rs.19.32
lakh crore.
Fiscal Management
Ÿ XV Finance Commission (FC):
Ÿ Its nal report for ve years beginning 2021-22 to
be submitted during the latter part of the year.
Ÿ GST Compensation Fund:
Ÿ Overhaul of Centrally Sponsored Schemes and Central
Sector Schemes necessary:
Ÿ To align them with emerging social and economic
needs of tomorrow
Ÿ To ensure that scarce public resources are spent
optimally
Ÿ On the recent debate over transparency and credibility
of projected scal numbers, it is assured that
procedure adopted is compliant with the FRBM Act.
Ÿ For the FY 2019-20:
Ÿ For year 2020-21:
Ÿ Expenditure: at Rs.30.42 lakh cr.
Ÿ Signi cant tax reforms for boosting investments
recently undertaken. However, expected tax buoyancy
expected to take time.
Ÿ Nominal growth of GDP estimated at 10%.
Ÿ Receipts: estimated at Rs.22.46 lakh cr
Ÿ A good part of the borrowings for the
nancial year 2020-21 to go towards Capital
expenditure that has been scaled up by more
than 21%.
Ÿ Fiscal de cit of 3.8% estimated in RE 2019-
20 and 3.5% for BE 2020-21. It comprises
two ingredients;
Ÿ 3% for year 2019-20 and 3% for the 2020-21
budget estimate.
Ÿ Deviation of 0.5%, consistent with Section
4(3) of FRBM Act, both for RE 201920 and BE
2020-21. (Section 4 (2) of the FRBM Act
provides for a trigger mechanism for a
deviation from the estimated scal de cit on
account of structural reforms in the economy
with unanticipated scal implications.)
Ÿ Return path, committing to scal
consolidation without compromising needs
of investment out of public funds, is laid in
Medium Term Fiscal Policy cum Strategy
Statement.
Ÿ Market borrowings: Net market borrowings:
Rs.4.99 lakh crore for 2019-20 and Rs.5.36
lakh crore for 2020-21.
18. New and simpli ed personal income tax regime
proposed:
Ÿ Direct Tax Proposals – To stimulate growth,
simplify tax structure, bring ease of compliance,
and reduce litigations.
Direct Tax
Personal Income Tax
Signi cant relief to middle class taxpayers.
Ÿ New tax regime to be optional – an individual
may continue to pay tax as per the old regime
and avail deductions and exemptions.
Ÿ New regime to entail estimated revenue
forgone of Rs. 40,000 crore per year.
Ÿ Around 70 of the existing exemptions and
deductions (more than 100) to be removed
in the new simpli ed regime.
Ÿ Remaining exemptions and deductions to be
reviewed and rationalised in coming years.
Ÿ Measures to pre- ll the income tax return
initiated so that an individual who opts for the
new regime gets pre- lled income tax returns
and would need no assistance from an expert
to pay income tax.
Corporate Tax
Ÿ Tax rate of 15% extended to new electricity
generation companies.
Dividend Distribution Tax (DDT)
Ÿ DDT removed making India a more
attractive investment destination.
Ÿ Indian corporate tax rates now amongst the
lowest in the world.
Ÿ Deduction to be allowed for dividend received
by holding company from its subsidiary.
Ÿ 25,000 crore estimated annual revenue
forgone.
19. Start-ups
Ÿ Start-ups with turnover up to Rs. 100 crore to
enjoy 100% deduction for 3 consecutive
assessment years out of 10 years.
Ÿ Tax payment on ESOPs deferred.
Ÿ MSMEs to boost less-cash economy
Ÿ Turnover threshold for audit increased to Rs. 5
crore from Rs. 1 crore for businesses carrying
out less than 5% business transactions in cash.
Ÿ Cooperatives
Ÿ Date of approval of affordable housing
Ÿ Option to cooperative societies to be taxed at
22% + 10% surcharge and 4% cess with no
exemption/deductions.
Ÿ Additional deduction up to Rs. 1.5 lakhs for
interest paid on loans taken for an affordable
house extended till 31st March, 2021.
Ÿ 100% tax exemption to the interest, dividend
and capital gains income on investment made
in infrastructure and priority sectors before
31st March, 2024 with a minimum lock-in
period of 3 years by the Sovereign Wealth
Fund of foreign governments.
Ÿ Tax concession for foreign investments
Ÿ Parity brought between cooperatives and
corporate sector.
Ÿ Affordable housing
Ÿ Cooperative societies exempted from
Alternate Minimum Tax (AMT) just like
Companies are exempted from the Minimum
Alternate Tax (MAT).
projects for availing tax holiday on pro ts
earned by developers extended till 31st
March, 2021.
Tax Facilitation Measures
Ÿ CBDT to adopt a Taxpayers’Charter.
Ÿ Bene ts to taxpayers in whose cases
appeals are pending at any level.
Ÿ Unique registration number (URN) to be
issued to all new and existing charity
institutions.
Ÿ Losses of merged banks
Ÿ Waiver of interest and penalty – only
disputed taxes to be paid for payments till
31st March, 2020.
Ÿ Additional amount to be paid if availed
after 31st March, 2020.
Ÿ Process of registration to be made
completely electronic..
Ÿ Amendments proposed to the Income-tax Act
to ensure that entities bene t from
Ÿ ‘Vivad Se Vishwas’ scheme, with a deadline
of 30th June, 2020, to reduce litigations in
direct taxes:
Ÿ Faceless appeals to be enabled by amending
the Income Tax Act.
Ÿ For charity institutions
Ÿ Pre- lling in return through information of
donations furnished by the done.
Ÿ Provisional registration to be allowed for
new charity institutions for three years.
Ÿ Instant PAN to be allotted online through
Aadhaar.
unabsorbed losses and depreciation of the
amalgamating entities.
20. Ÿ Dynamic QR-code capturing GST parameters proposed for consumer
invoices.
Ÿ 5% health cess to be imposed on the imports of medical devices, except
those exempt from BCD.
Ÿ Cash reward system envisaged to incentivise customers to seek invoice.
GST
Ÿ Basic customs duty on imports of news print and light-weight coated
paper reduced from 10% to 5%.
Customs Duties
Ÿ Customs duty rates revised on electric vehicles and parts of mobiles.
Ÿ Electronic invoice to capture critical information in a centralized system to
be implemented in a phased manner.
Ÿ Customs duty raised on footwear to 35% from 25% and on furniture goods
to 25% from 20%.
Ÿ Lower customs duty on certain inputs and raw materials like fuse,
chemicals, and plastics.
Indirect Tax
Ÿ Simpli ed return with features like SMS based ling for nil return and
improved input tax credit ow to be implemented from 1st April, 2020
as a pilot run.
Ÿ Aadhaar based veri cation of taxpayers being introduced to weed out
dummy or non-existent units.
Ÿ GST rate structure being deliberated to address inverted duty structure.
Ÿ Higher customs duty on certain goods like auto-parts, chemicals, etc.
which are also being made domestically.
Ÿ Provisions relating to safeguard duties to be strengthened to enable
regulating such surge in imports in a systematic way.
Ÿ Suggestions for reviews of exemptions from customs duty to be crowd-
sourced.
Ÿ Suggestions for reviews of exemptions from customs duty to be crowd-
sourced.
Ÿ Rules of Origin requirements to be reviewed for certain sensitive items.
Ÿ Provisions for checking dumping of goods and imports of subsidized
goods being strengthened.
Ÿ Provisions for checking dumping of goods and imports of subsidized
goods being strengthened.
Ÿ Customs Act being amended to enable proper checks of imports under
FTAs.
Trade Policy Measures
Ÿ Excise duty proposed to be raised on Cigarettes and other tobacco
products, no change made in the duty rates of bidis.
Ÿ Anti-dumping duty on PTA abolished to bene t the textile sector.
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