Section 4 2 of the FRBM Act provides for a trigger mechanism for a deviation from the estimated fiscal deficit on account of structural reforms in the economy with unanticipated fiscal implications. Direct Tax.
Direct Tax Proposals - To stimulate growth, simplify tax structure, bring ease of compliance, and reduce litigations. Taxable Income Slab Rs. Existing tax rates. New tax rates. Above 15 Lakh. Tax Facilitation Measures.
Indirect Tax. Unprecedented Milestones and Achievements of Indian Economy. Ministry of Finance. Caring Society - both humane and compassionate; Antyodaya as an article of faith. Three broad themes are held together by: Corruption free, policy-driven Good Governance.
Clean and sound financial sector. Ease of Living underlined by the three themes of Union Budget Comprehensive measures for water-stressed districts proposed. Blue Economy : Rs. Growing of algae, sea-weed and cage culture to be promoted.
Framework for development, management and conservation of marine fishery resources. Kisan Rail to be setup by Indian Railways through PPP: To build a seamless national cold supply chain for perishables milk, meat, fish, etc. Express and Freight trains to have refrigerated coaches.
Krishi Udaan to be launched by the Ministry of Civil Aviation: Both international and national routes to be covered. North-East and tribal districts to realize Improved value of agri-products. One-Product One-District for better marketing and export in the Horticulture sector. Balanced use of all kinds of fertilizers - traditional organic and innovative fertilizers.
Measures for organic, natural, and integrated farming: Jaivik Kheti Portal — online national organic products market to be strengthened. Another 15 lakh farmers to be helped to solarise their grid-connected pump sets.
Village Storage Scheme : To be run by the SHGs to provide farmers a good holding capacity and reduce their logistics cost. State governments who undertake implementation of model laws issued by the Central government to be encouraged. Livestock: Doubling of milk processing capacity to million MT from Deen Dayal Antyodaya Yojana — 0. Wellness, Water and Sanitation Rs. Aspirational Districts with no Ayushman empanelled hospitals to be covered in the first phase.
Targeting diseases with an appropriately designed preventive regime using Machine Learning and AI. Jan Aushadhi Kendra Scheme to offer medicines and surgicals in all districts by Augmenting local water sources, recharging existing sources, and promoting water harvesting and de-salination. Cities with million-plus population to be encouraged to achieve the objective during the current year itself. Emphasis on liquid and grey water management.
Education and Skills Rs. New Education Policy to be announced soon. National Police University and National Forensic Science University proposed for policing science, forensic science, and cyber-forensics. Degree level full-fledged online education program by Top institutions in the National Institutional Ranking Framework.
Up to 1-year internship to fresh engineers to be provided by Urban Local Bodies. Budget proposes to attach a medical college to an existing district hospital in PPP mode. Special bridge courses to be designed by the Ministries of Health, and Skill Development: To fulfill the demand for teachers, nurses, para-medical staff and care-givers abroad. Five new smart cities proposed to be developed. Scheme to encourage manufacture of mobile phones, electronic equipment and semi-conductor packaging proposed.
National Technical Textiles Mission to be set up: o With four-year implementation period from to New scheme NIRVIK to be launched to achieve higher export credit disbursement, which provides for: o Higher insurance coverage o Reduction in premium for small exporters o Simplified procedure for claim settlements.
Scheme for Revision of duties and taxes on exported products to be launched. Infrastructure Rs. National Infrastructure Pipeline : o Rs. National Skill Development Agency to give special thrust to infrastructure-focused skill development opportunities. Project preparation facility for infrastructure projects proposed.
Infrastructure agencies of the government to involve youth-power in start-ups. Highways: Accelerated development of highways to be undertaken, including: o Km access control highways.
Delhi-Mumbai Expressway and two other packages to be completed by Chennai-Bengaluru Expressway to be started. Current Affairs - Jun - Download. Current Affairs - May - Download. Current Affairs - March - Download. Current Affairs - February - Download. Current Affairs - January - Download. Current Affairs - December - Download. Current Affairs - November - Download. Current Affairs - October - Download.
Latest Current Affairs - National 1- Download. Latest Current Affairs - National 2- Download. Timelines of Sports - Download.
National Events - January to December - Download. Yojana Magazine January Download. Indian Government is making all efforts to integrate Indian economy with rest of the world in the every possible way.
India showed a consistent performance even in the toughest of the times and hence is looked upon as a strategic international player and an important source of funds for other economies. Recently, many of the Indian and Bangladeshi companies have inked agreements for setting up projects in sectors such as limousine services, manufacturing three-wheelers and software development, stated the officials of the Confederation of Indian Industry CII.
The Government, RBI, and Indian Corporate entities are constantly reviewing the policies and regulations including Home Country Measures HCMs to boost globalisation efforts through outward FDI without having any adverse effects on our domestic economy and its macro-economic stability. India is expected to be the largest source of emerging market multination enterprises MNEs by , according to a recent report by PricewaterhouseCoopers PwC. By that time, India would be having 20 per cent more MNEs than China, and more than 2, Indian firms are anticipated to invest overseas in the next fifteen years.
In a nutshell, Indian MNEs are poised to carve a niche in business services and high-profile manufacturing sectors.
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