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Sitharaman announces Budget Speech 2020

Sitharaman announces Budget Speech 2020

Budget Speech 2020 Live Updates: Finance Minister Nirmala Sitharaman has started presenting the second Union Budget of the Modi 2.0 government today. It is expected that the Modi government will announce some income tax relief for the salaried class in this Budget. Will the government be able to revive growth with Union Budget 2020?

Sitharaman announces Budget Speech 2020

 

Sitharaman: Shortage of qualified doctors, will attach med colleges to hospitals

Nirmala Sitharaman: There is a shortage of qualified medical doctors both general practitioners and specialists; it is proposed to attach a medical college to a district hospital in PPP mode; details of the scheme to be worked out soon.

 

Sitharaman: Medical devices tax will be used to set up hospitals

Nirmala Sitharaman: Proceeds from taxes on medical devices would be used to support setting up of hospitals. Viability gap funding for setting up hospitals in those districts with no empanelled hospitals under Ayushman Bharat.

 

Sitharaman: Rs 12,300 crore for Swachh Bharat Mission

Nirmala Sitharaman: Allocation of Rs 12,300 crores for Swachh Bharat Mission for year 2020-21.

 

Sitharaman: Agri credit target at Rs 15 lakh cr for FY21

Nirmala Sitharaman: Agri credit target set up at Rs 15 lakh cr for Financial Year 2021. Horticulture with 311 MT exceeds production of food grains.

 

Sitharaman announces Rs 2.83 lakh crore for agri sector

Nirmala Sitharaman: For sector comprising agriculture, allied activities, irrigation and rural development, an allocation of Rs 2.83 lakh crores has been made for 2020-21 

Indian Railways will set up Kisan Rail to move perishable goods: Sitharaman

Nirmala Sitharaman: To build a seamless national cold supply chain for perishables, Indian Railways will set up Kisan Rail through PPP model so that perishable goods can be transported quickly. Krishi Udaan will be launched by MoCA on international and national routes.

 

Sitharaman: Budget 2020 is to boost the income of people

Nirmala Sitharaman: Budget 2020 is to boost the income of people and enhance their purchasing power.

 

Sitharaman: India uplifted 271 million people out of poverty

Nirmala Sitharaman: India uplifted 271 million people out of poverty. This Budget has been woven around around 3 prominent themes, aspirational India, economic development and caring society.

 

India is now 5th largest economy in world: Sitharaman

Nirmala Sitharaman: India is now 5th largest economy in world. Central Govt's debt has reduced to 48.7% of GDP from 52.2% in March 2014.

 

Nirmala Sitharaman says Budget is for boosting income

Nirmala Sitharaman says Budget is for boosting income, purchasing power of people. During 2014-19, govt brought paradigm shift in governance.

 

Sitharaman: We have added 16 lakh new taxpayers

Nirmala Sitharaman: We have added 16 lakh new taxpayers to the system.

 

source: https://www.indiatoday.in/

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