National Police University and National Forensic Science University proposed for policing science, forensic science, and cyber-forensics. GST has resulted in efficiency gains in transport and logistics sector, inspector raj has vanished, it has benefitted MSME Consumers who have got a annual benefit of Rs 1 lakh crore by GST. For better marketing and export, supporting states will focus on one product for one district, so that high focus is given at district level for horticulture to gain momentum. Our government is committed to Open Defecation Free country, in order to sustain ODF behaviour and to ensure no one is left behind.
The Union Budget of India also referred to as the Annual Financial Statement in the Article 112 of the Constitution of India, is the annual budget of the Republic of India.
Nominal health cess on import of medical equipment to be introduced to encourage domestic industry and generate resources for health services. Aadhaar-based verification of taxpayers is being introduced; instant online allotment of PAN on the basis of Aadhaar. Warehousing in line with Warehouse Development and Regulatory Authority (WDRA) norms: Viability Gap Funding for setting up such efficient warehouses at the block/taluk level. Registration of charity institutions to be made completely electronic, donations made to be prefilled in IT return form to claim exemptions for donations easily. we doesn't Own any trademarks or copyrights of any institute. Food Corporation of India (FCI) and Central Warehousing Corporation (CWC) to undertake such warehouse building. Finance Minister urges all states and UTs to replace conventional energy meters by pre-paid smart meters in 3 years, this will give consumers the freedom to choose supplier and rate as per their requirements. State governments who undertake implementation of model laws (issued by the Central government) to be encouraged. Government doubles divestment target for the next fiscal at Rs 2.1 lakh crore. To simplify the tax system and lower tax rates, around 70 of more than 100 income tax deductions and exemptionshave been removed. Turnover threshold for audit of MSMEs to be increased from Rs 1 crore to Rs 5 crore, to those businesses which carry out less than 5% of their business in cash.
Rs 30,757 crore rupees for Union Territory of J&K; Rs 5,958 crore rupees for Union Territory of Ladakh. Railways will set up Kisan Rail through PPP arrangement, for transportation of perishable goods. Amendments to be made to enable NBFCs to extend invoice financing to MSMEs.
Budget 2020 Highlights : PDF Download, Key Takeaways, Important Points Highlights of Union Budget 2020 by Nirmala Sitharaman. For FY21, fiscal target seen at 3.5%. 150 new train to be introduced on PPP basis; Four stations will be also be redevelopment with the help of PPP. Encourage PSBs to approach capital markets for fund raising.
Rs 4,400 crore for clean air; Rs 53,700 crore for ST schemes; Rs 85,000 crore for SC,OBCs schemes; Rs 28,600 for women specific schemes; Rs 9,500 crore for senior citizen schemes. Rs 3.6 lakh crore allocated to water sanitation and pipeline project; Rs 12,300 crore for Swachh Bharat.
Rs 1.23 lakh crore for Rural development and Panchayti Raj.
IBPSGuide Recommends Affairs Cloud Current affairs PDF, © 2020 All rights reserved. Banking Regulation Act to be amended to strengthen Cooperative banks. 4 more museums from across the country to be taken up for renovation and re-curation. 150 higher educational institutions to start apprenticeship embedded degree/diploma courses by March 2021. Rs 1.7 lakh crore allocated to transportation. Average household now saves nearly 4% more on the monthly basis after implementation of GST. Government plans to sell part of its holding in Life Insurance Corporation (LIC) by way of Initial Public Offering. Aspirational India: Better standards of living with access to health, education and better jobs for all sections of the society. Key highlights of Union Budget 2020 PDF version. Three components of Aspirational India.
New policy for private sector to build Data Centre Parks. Rs 69,000 crore allocated to healthcare sector. Expenditure at Rs 30.42 lakh crore. But opting out of some of these cookies may have an effect on your browsing experience. DPM, Coordinating Minister for Economic Policies and Minister for Finance, Mr Heng Swee Keat, delivered the Round-Up Speech to the Parliamentary Debate on the October 2020 Ministerial Statement on 15 October Proposes to amend Companies Act to bring criminal liability in certain areas.
We will encourage balanced use of all fertilizers, a necessary step to change the incentive regime which encourages excessive use of chemical fertilizer. Will further expand on SHGs for alleviation of poverty. Here are the important key highlights from the Budget: a) Agriculture, Irrigation, and Rural Development. Accelerated development of highways will be undertaken; Delhi-Mumbai expressway and two other projects to be completed by 2023. Krishi UDAN scheme for agricultural exports on international and national routes. GST resulted in Rs 1 lakh crore gains to consumers, removed inspector raj and helped transport sector. In this budget, sitaraman introduced a new optional personal income tax system, a new tax dispute settlement scheme and unveiled a 16-point plan to revive growth in the country.The Union Budget 2020-21 has allocated ₹2.83 lakh crore for its 16-point action plan to double farmers' income by 2022.The plan includes raising fish and milk production. PM KUSUM scheme will be expanded to 20 lakh farmers. Expand Exchange Traded Fund by floating a Debt ETF, consisting primarily of govt. All PDF which are provided here are for Education purposes only.
Rs 18,600 crore worth Bengaluru suburban transport project launched; 20% equity will be provided be the Centre. 5% health cess to be imposed on the imports of medical devices, except those exempt from BCD. A medical college to be attached to a district hospital in PPP mode, viability gap funding to be set up for setting up such medical colleges.
Agri credit target raised to Rs 15 lakh crore from Rs 12 lakh crore.
National recruitment agency: New common entrance test for non-gazetted government jobs and public sector banks. Rs 6,000 crore for BharatNet programme; Fibre to Home connections under BharatNet will be provided to 1 lakh gram panchayats this year itself, 5 archaeology sites to be developed for world-class museums. We request you to respect our Hard Work. Your email address will not be published. Rs 99,300 crore allocated for education sector, Rs 3,000 crore rupees for skill development, Degree-level full-fledged online education programme to be offered by institutes in top 100 in National Institutional Ranking Framework.