The Finance Minister has announced the Jal Jeevan Mission to provide potable water to every rural household by 2024.The newly constituted Jal Shakti ministry will helm the programme. This mission will focus on integrated demand and supply-side management of water at the local level including the creation of local infrastructure for source sustainability like (a)rainwater… Continue reading Budget Briefs:Providing access to safe and adequate drinking water to all Indians is a priority of the Government
Author: ForumIAS
Budget Briefs:Government to consider issuing Aadhaar Card for NRIs with Indian Passports
The Union Finance Minister has proposed to consider issuing Aadhaar Card for Non-Resident Indians(NRI) with Indian Passport. The minister has also proposed that the government will launch a Mission that will integrate India’s traditional artisans and their creative products with global markets.Wherever necessary patents and geographical indicators,will be obtained for them. She has also proposed… Continue reading Budget Briefs:Government to consider issuing Aadhaar Card for NRIs with Indian Passports
Budget Briefs: Foreign Direct Investment (FDI)
The Finance Minister has said that Foreign Direct Investment(FDI) inflows into India have remained robust despite global headwinds. She stated that according to UNCTAD’s World Investment Report 2019. India’s FDI inflows in 2018-19 remained strong at US$ 64.375 billion marking a 6% growth over the previous year. She has also proposed a 100% foreign direct… Continue reading Budget Briefs: Foreign Direct Investment (FDI)
Budget Briefs:Agriculture
Finance Minister has said that the government will invest widely in agriculture infrastructure and support private entrepreneurship for value addition in farm sector. The government has also proposed a Pradhan Mantri Matsya Sampada Yojana(PMMSY) to establish a robust fisheries management framework and check gaps in the value chain. The government has proposed to increase budget… Continue reading Budget Briefs:Agriculture
Budget Briefs: Government to push ‘One Nation One Card’ to enable seamless mobility
In the Budget speech,the finance minister has hailed the benefits that were provided by National Common Mobility Card(NCMC). National Common Mobility Card (NCMC) also known as One Nation One Card is an inter-operable transport card conceived by the Ministry of Housing and Urban Affairs of the Government of India. The transport card enables the user… Continue reading Budget Briefs: Government to push ‘One Nation One Card’ to enable seamless mobility
Budget Briefs:Government proposes creation of a social stock exchange
Finance Minister has announced the setting up of a Social Stock Exchange(SSE) under the Securities and Exchange Board of India(SEBI) for listing of organisations which work for social welfare. The minister said that the exchange would help social and voluntary organisations which work for social causes to raise capital as equity or debt or a… Continue reading Budget Briefs:Government proposes creation of a social stock exchange
Budget Briefs:Stand-Up India Scheme extended till 2025
Union Minister has said that the Stand Up India Scheme has been extended up to the year 2025. Stand-Up India Scheme Facilitates bank loans between 10 lakh and 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe(ST) borrower and at least one woman borrower per bank branch for setting up a greenfield… Continue reading Budget Briefs:Stand-Up India Scheme extended till 2025
Budget Briefs:Education
Finance minister has announced that an amount of Rs. 400 crore has been provided for FY 2019-20 to create “World Class Institutions” in the field of education. She said that five years ago there were no Indian institutes featuring in the Top 200 of the QS World University Rankings.However,now three institutes feature in the list.… Continue reading Budget Briefs:Education
Budget Briefs: RBI can supersede NBFC board
The government has decided to strengthen regulatory authority of Reserve Bank of India (RBI) over non-banking financial companies (NBFCs). Finance Minister has said that the RBI will now be the regulator of Housing finance companies(HFC) replacing the National Housing Bank(NHB). According to the Finance Bill,2019,RBI can now remove the director of an NBFC and even… Continue reading Budget Briefs: RBI can supersede NBFC board
Budget Briefs:Taxation
Corporate Tax: The lower rate of 25 % Corporate Tax will be extended to all companies with annual turnover up to Rs. 400 crore.Currently,this rate is only applicable to companies having annual turnover up to Rs. 250 crore.This will cover 99.3 percent of the companies. Pre-filing of Income-tax Returns: Pre-filled tax returns will be made… Continue reading Budget Briefs:Taxation
