FM: Health Cess imposed on Medical Equipment import
FM: Aadhar based Tax verification introduced
FM: Custom duty raised for foot-ware and furniture
FM: Taxes on ESOPS deferred by 5 years
FM speaks for 2 and half hours, Budget speech continues
FM: New digital scheme for Tax Litigation
FM: Electronic invoice implementation in phases
FM: GST refund process has been simplified
FM: New system for instant allotment of PAN
FM: In order to promote affordable housing projects, I propose to extend date of approval of affordable housing projects for availing tax holiday by one more year
FM: Revenue loss of Rs 25,000 cr due to abolition of DDT
FM: Cos will no longer pay Dividend Distribution tax (DDT)
FM: Distribution Dividend Tax for corporate tweaked
Companies will no longer be required to pay DDT. A total of Rs 25,000 crore is revenue foregone due to DDT abolition, says FM. This will make India an attractive investment destination.
FM: New tax cuts to costs extract of Rs 40,000 per annum
FM: Tax cut from 15%-20% on 7.5-10 lakh
FM: Tax cut from 20% to 10% on 5-5.7 lakh
FM: No income Tax for those earning up to 5 lakh
FM: New and simplified personal income tax regime
FM: Tax reforms to stimulate growth
FM: Corporate tax at 15% lowest in the world
FM: Radical tax measures taken to keep economy on high growth path
FM moves to Direct Taxes
FM: Fiscal Deficit FY 20 at 3.8% of GDP, FY 21 down to 3.5% GDP
FM: FPI investment limit in Corp bonds up to 15% from 9%
FM: Government to sell part of holding LIC via IPO
FM: 1 lakh cr long term debt financing through IIFCL and NIIF
FM: Non-residents can invest in certain government securities
FM: App based invoice financing for MSMEs
FM: Subordinate debt scheme for MSMEs
FM: MSMEs vital to keep the wheels of economy moving
FM: Depositors money safe
Insurance cover for each depositor now raised to Rs 5 lakh up from 1 lakh
FM: Rs 30,757 allocated for J&K
FM: Rs 5,958 Cr for Ladakh
FM: India to host G-20 presidency in 2022
India will host G-20 residency in 2022 during 75th year of India’s independence. During this event, India would be drive global economic advantage and an allocation of Rs 100 crore has been done for this purpose.
FM: Rs 100 Cr to begin preparation for G-20 presidency in 2022
FM: Focus on Northeast to ease financial aid from multilateral agencies
FM: Stable business environment key objective
FM: Common test for non-gazetted posts
FM: Propose to set up national recruitment agency
FM: Criminal liability for crimes civil in nature
FM: Tax payer charter being formalised
FM: Tax harassment cannot be tolerated
FM: Ease of Living govt’s goal
FM: Tax pay charter getting institutionalized
FM: Task force to be set up to recommend marriageable age for women
FM: National security is top priority of the government
FM: Rs 4,400 cr allocation for climate change policy
FM: Rs 4,400 cr allocation for clean air
FM: Quotes Thiruvalluvar, Tamil poet and philosopher
She says there are five jewels for a country, which is one without illness, one with wealth, it will have good crops, it should have happiness as well as safety/security, quoting the poet.
FM: 4 more museums to be taken up for renovations
FM: Tribal museum to be set up in Ranchi
FM: Sensex, nifty in red
FM: 5 Archeological sites to be developed as iconic sites
FM: Rs 9,500 cr for senior citizen
FM: Rs 53,700 cr for ST welfare
FM: Rs 85,000 cr for SC and Backward classes
FM: We propose to end manual scavenging
FM: Rs 35,600 cr for nutritional programmes
FM: Rs 28,600 cr for programmes specific to women
FM: Gross Enrollment Ratio of girls much higher than boys under Beti Bachao Beti Padhao
FM: Rs 6000 cr for Bharat Net
FM: 1 Lakh gram panchayats to be connect via ‘Bharat Net’
FM: Rs 22,000 cr allocated for power sector
FM: Tejas trains to tourist spots
FM: Policy soon for building Data Center Parks
FM: Delhi-Mumbai expressway by 2023
FM: Plans to energize economic activities along river banks
FM: 100 more airports to be developed under UDAN scheme, by 2024
FM: 1.7 lakh Cr for transport infra
FM: Dhubri-Sadia Inland water connectivity by 2022
FM: Aim to achieve 11,000 km of Track Electrification
FM: National logistics policy soon
FM: 2000 km of Strategic Highways to be built
FM: Rs 27,300 crore for development for industry and commerce for year 2020-21
FM: 103 lakh cr National Infra Pipeline launched
FM: PM highlighted 100 lakh cr to be invested in infrastructure
FM: To push mobile phone manufacturing in India. Details soon
FM: 5 new smart cities to be developed
FM: New National technical textile policy. Outlay of Rs 1480 cr
FM: New scheme for higher insurance cover NIRVIK
FM: Investment clearance cell to be set up to facilitate entrepreneurs
FM: Moves to second theme of the Budget- Economic Development
FM: National Police university to set up
FM: Internship for Engineers by Urban local bodeis
FM: Provided Rs 2.38 lakh cr for Agri and Irrigation
FM: Rs 69,000 allocated for health sector
FM: Rs12,300 crs for Swachh Bharat
FM: For sector comprising agriculture, allied activities, irrigation and rural development, an allocation of Rs 2.83 lakh crores has been made for 2020-21
FM: Agri credit target for 2020 set at Rs 15 lakh crore
16 point in the Budget for Aspirational India
FM: Propse to build seamless national cold supply chain
FM: Integrated farming system in rain stress areas
FM: Krishi Udan will be laucnhed by ministry of civil aviation on international & national routes
FM: Indian railway to set up a Kisan Rail
Sensex plummets almost 20 points, Nifty up
FM: Three key points of Budget-aspirational India, economic development for all and that ours shall be a caring society
FM: Financial inclusion has helped raise farm incomes
FM: Scheme to help farmers set up solar pumps, to help 20 lakh farmers
FM: Comprehensive measures measures for 100 water stressed districts
FM: Farm markets need to be liberalised
FM: Committed to doubling farmers’ income by 2022
FM: Our country’s will be like the blooming lotus in Dal Lake
FM Nirmala Sitharaman recites a verse in Kashmiri and translates it in Hindi, ‘Humara watan khilte hue Shalimar bagh jaise, humara watan Dal lake mein khilte hue kamal jaisa, nau jawanon ke garam khoon jaisa, mera watan tera watan, humara watan, duniya ka sabse pyara watan‘
FM: Centre’s debt down to 49% of GDP between 2014-19
India now 5th largest economy in the world
FM: Simplified returns regime for GST from April 1
FM: More than 60 lakh new tax payers added in the past 2 years
FM: Average household now saves 4% of its monthly spent due to GST
FM: GST matured to integrate the country
FM: Centre and state to work together to achieve common goal of prosperity
FM pays homage to ‘visionary leader’ former FM Arun Jaitley
FM: Inflation well contained
FM: Fundamentals of economy strong
FM Sitharaman begins her Budget speech
FM Sitharaman tables 15th Finance Commission report
Sensex 0.31% up, 127 points up
FM Nirmala Sitharaman presents Union Budget in Parliament
PM Narendra Modi, FM Nirmala Sitharaman in Parliament House after Cabinet meeting
Budget copies reach Parliament
Union Cabinet approves the Budget
Union Cabinet approves Budget 2020, Finance Minister Nirmala Sitharaman to present the budget in Lok Sabha shortly
