Facts: Social Welfare: Key Highlights 14% increase in the budget allocation for ministry of social justice and empowerment and a 7.5% increase in that of tribal affairs ministry. Programmes that have seen the highest increase include pre matric scholarships for children of workers involved in manual scavenging (400%), fellowships for OBCs (71.4%) and overseas fellowships… Continue reading Budget 2020: Social sector push with enhanced allocations for welfare schemes
Tag: Social sector
Economic Survey 2019-2020: Social Infrastructure, Employment and Human Development
News: The Economic Survey 2019-2020 highlights the government’s commitment to social wellbeing in India. Key Highlights: Expenditure on social services by the Centre and States (as a proportion of GDP): Increased from 6.2% in 2014-15 to 7.7% in 2019-20. India’s ranking in Human Development Index: Improved to 129 in 2018 from 130 in 2017. With… Continue reading Economic Survey 2019-2020: Social Infrastructure, Employment and Human Development
IBC-type framework for NBFCs, simplified GST among several issues raised with Finance Minister
Finance Minister has held pre-budget discussions with the economists. The economists stressed on the need to (a)promote labour intensive sectors and (b)manufacturing through Make in India. Further,they also suggested simplification of GST,Insolvency and Bankruptcy Code(IBC)-type framework for NBFC,implementation of Direct Tax Code and constitution of independent fiscal policy committee. Economists also gave suggestions on tariff… Continue reading IBC-type framework for NBFCs, simplified GST among several issues raised with Finance Minister
