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Union Budget 2020-21..

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(G.N.S) Dt. 1
New Delhi
Union Finance Minister Nirmala Sitharaman with ‘Bahi-Khata’ ahead of presentation of Union Budget 2020-21 in the parliament. Before presenting Budget Union Finance minister Nirmala Sitharaman and State Finance Minister Anurag Thakur met President of India Ramnath Kovind.
On the first day of the Budget Session of Parliament, Sitharaman on Friday had tabled the pre-budget Economic Survey for 2019-20, which projected GDP growth at 6 to 6.5 per cent in 2020-21.
– We wish to enshrine in the statute a taxpayers’ charter, Promoting ease of living is the goal of Modi government, National security is the top priority of the government, Rs 4,400 crore allocation for clean air says Finance Minister Nirmala Sitharaman.
Govt proposes to encourage and incentivize states that are formulating plans for ensuring cleaner air, In large cities with population of over 1 million, clean air is a matter of concern, Rs 3,150 crore allocated for the ministry of culture in 2020-21, FinMin Sitharaman said.
– India has a firm framework related to contracts act, we aim to strengthen it: FinMin
Propose to set up a national recruitment agency for conduct of computer-based online common eligibility test for recruitment to non-gazetted post: FinMin

– Taxpayers’ charter to be institutionalized

– RE (Revised Estimates) expenditure for FY20 at Rs 26.99 lakh crore, receipts at Rs 19.32 lakh crore

– We estimate a fiscal deficit of 3.8%: Sitharaman

– GDP nominal growth has been estimated at 10%

– Would like to reassure taxpayers that we remain committed to taking measures to eliminate tax harassment: FinMin

– Union FinMin Sitharaman allocates Rs 99,300 crore for education sector in FY21, to bring new policy soon

– FinMin allocates Rs 99,300 crore for education sector in FY21, to bring new policy soon

– Govt sets agri credit target at Rs 15 lakh cr for FY21: FinMin

– FDI in India rises to $284 billion during 2014-19: FinMin

– We wish to enshrine in the statute a taxpayers’ charter, Promoting ease of living is the goal of Modi government, National security is the top priority of the government.

– Rs 4,400 crore allocation for clean air, Govt proposes to encourage and incentivize states that are formulating plans for ensuring cleaner air.

– In large cities with population of over 1 million, clean air is a matter of concern: FinMin

– Ayushman Bharat hospitals in 100 more districts

– Task force to be set up to recommend marriageable age for women

– Rs 3,150 crore allocated for the ministry of culture in 2020-21

– Five archaeological sites to be developed at iconic sites with on-site museums

– FinMin allocates Rs 9,000 crore for senior citizens

– Govt provides Rs 53,700 crore for development and welfare of Scheduled Tribes

– FM proposes budget provision of Rs 85,000 crore in 2020-21 for welfare of SC and other backward classes

– Have identified suitable technology to eliminate manual cleaning of sewer systems and septic tanks

– Propose to provide Rs 35,600 crore for nutrition-related programmes in 2020-21: FM

– Over 6 lakh anganwadi workers have been equipped with smartphones to upload the nutrition status of 10 crore households

– Rs 1.7 lakh crore provided for transport infrastructure in 2020-21, FM proposes Rs 8,000 crore outlay over 5 years for National Mission of Quantum Technology and Application

– Govt proposes to sell a part of its holding in LIC via IPO

– Govt asks banks to extend restructuring MSME NPAs for one more year, which has a deadline of March, 2020

– Non-residents can invest in certain government securities

– Over 5 lakh MSMEs have benefited from debt restructuring

– Insurance cover for a depositor will be raised to Rs 5 lakh from Rs 1 lakh

– GDP nominal growth has been estimated at 10%

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