Finance Minister Nirmala Sitharaman is presenting the Budget 2019-20
Finance Minister Nirmala Sitharaman has stated the budget speech in the Lok Sabha. She is the first woman in the country to present a full-time finance minister’s budget.
Thanks to the public at the beginning of the budget … Nirmala Sitharaman said that this time the people of the country have sat in the government with the full majority. People voted a lot in this election. For the first time women, youth, the elderly rely on the good working government. Our government is working rapidly under the leadership of Prime Minister Narendra Modi and is helping the person standing at the top notch.
Nirmala Sitharaman, in front of a decade’s target, has put the target of the coming decade in front of the country in its budget. Our economy will reach $ 5 trillion in the next few years. During this, he enumerated that pollution-free India, emphasis on medical equipment, water management, space program, Chandrayaan, and Gaganayan counted points. In her speech, she said that our economy is the sixth largest economy in the world. Our government has implemented many new schemes. In the last five years, we have worked to revive the country’s economy. Our goal was to bring toilets in the homes of people, to provide electricity to households.
In her speech, Nirmala mentioned many schemes. Nirmala Sitharaman said that India has become a country providing employment today. Our emphasis is now on increasing the infrastructure. Through Bharatmala, we are reaching every village in the country and building national highways. During this time, she mentioned many of his plans, including the money scheme, Sagarmala, Make in India, etc.
The emphasis of the Modi government on the modernity of the country.
Finance Minister said that we are moving towards indigenous through Make in India. Apart from this, our government is also making the country modern. In which 657 km The Metro has been turned on, while 300 km New Metro project has been approved. Our next objective is to start the water route inside the country. Our goal is to promote electronic vehicles. Today the days of license and quota raj have been over.
Reform, performance and transform: The Finance Minister in her speech told that our aim is to reform, performance and transform. The next big goal of our government is to promote the waterway. Also, the Government is moving forward for forest nation, forest grid, whose blueprint is being prepared.
The PPP model will be applicable for the development of the Railways Minister: In her speech said in the speech that our aim is to reform, performance and transform. The next big goal of our government is to promote the waterway. Also, The Government is moving forward for forest nation, forest grid, whose blueprint is being prepared. He also announced that the government is pushing for increased private participation in the Railways. The PPP model will be implemented for the development of the railway.
Announcement of National Transport Card National Transport Card has been announced by the Government. Which will be used in railways and buses. Where It can be operated with the help of the Rupee card, in which bus tickets, parking expenses, rail tickets can be all done together. At the same time, the government has said that MRO’s formula should be adopted. In which manufacturing, repair, and operating formula will be implemented.
Small shopkeepers will get the pension
The finance minister announced that pension will be given to small shopkeepers, and in the same 59 minutes, there is also a plan to lend to all the shopkeepers. It will benefit more than 30 million small shopkeepers. Along with this, our government is also moving ahead on the plan to house everyone.
A big announcement about FDI.
The Finance Minister said in the speech that in the media, there is also a proposal to increase the limit of foreign investment. Apart from this, 100 percent FDI is being considered in the Insurance Sector. India has emerged as a major force in the field of space. Our government wants to increase this strength further and the ability to launch the satellite will be enhanced.
The focus of the government will be on Rural India
Finance Minister Nirmala Sitharaman said that Mahatma Gandhi had thought that India’s soul resides in the villages, our government is going to promote AnatAad in its every plan. The central point of our government are villages, farmers and the poor. Our goal is that by 2022, electricity will reach every village. There has been a lot of change in the country through the Ujjwala scheme and good luck plan.
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The Finance Minister said that it took 314 days to build a house first but now it takes 114 days only.
We will Bring revolution in the field of agriculture and business: In her speech, the Finance Minister informed that through 100 years, 100 new clusters will be made in the country. 20 Technology Business Incubators will be set up, through which 20 thousand people will be given the skills. The Finance Minister announced that investment in agriculture will now be encouraged. 10 thousand new farmers will be the productive union, in the case of pulses, the country becomes self-sufficient. Our goal is to spend less on imports. Along with this, dairy works will also be encouraged. Anandarata can now be the energetic too. It is our goal to give the farmer the right price for his crop.
Revolution will come in the water sector: Our government has set up a water power ministry for water. The goal of water supply is being implemented, 1500 blocks have been identified. Through this water will be transported to every house.
The Minister emphasized on cleanliness, 96 million toilets have been constructed. 5.6 lakh villages are now open from the open in the country. Government is committed to the expansion of Swachh Bharat Mission. So far 20 million people have been digitally literate. To bridge the rural-urban gap, the government is encouraging the digital sector.
Everyone will get the house: Finance Minister said that so far 26 lakh houses have been completed and 24 lakh have been given the house. Our goal is to give home to everyone by 2022. Over 95 percent of the cities has been declared ODF. Today there is a clean India App in the phone of one crore people. Aiming to provide 1.95 crore houses in the country.
Announcement of National Research Foundation.
It has been announced by the government that we will bring a new education policy. Research center on education policy will also be created. National research establishment
(National Research Foundation) has been announced. Ideal fare law will also be created. The government will spend 400 crores for higher education. India has only 3 colleges in the world’s top 200 colleges, in such a situation the government will insist on enhancing these numbers.
Announcement of the study program.
National Hygiene Center will be built at Rajghat. Also, the plan of India play will be announced. Our goal is to promote online courses. The ‘study’ program will be launched in the country, under which foreign students will be called in India. A separate law will be introduced for higher education.
Under stand-up India, everyone will get the benefit.
The Finance Minister announced that under stand-up India scheme women, ST-ST entrepreneurs will be given benefits. Programs will be started on the TV channel for a start-up. The Finance Minister said that in the next five years, 125,000 km The road will be constructed, 80 thousand 250 crores will be spent on this.
Separate declaration for women.
Modi government has announced differently for women. The Finance Minister said that without the development of women the country cannot be developed. The Finance Minister announced that over 5000 rupees overdraft facility will be given to the pregnant women account holders. For women, the currency loan of one lakh rupees will be arranged separately. Regarding power, he said that our government has distributed 36 million LED bulbs, through which the country’s survival is about 18431 crore rupees annually. At the large level, railway stations are being modernized.
A big announcement of the Government for NRI.
For the Indians living abroad, the government has made a big announcement. Now NRI will get the facility of issuing Aadhaar card while coming to India, and now they do not have to stay in India for 180 days. Our government aims to make 17 tourist destinations world-class. So far, our government has taken a loan of Rs 4 lakh crore. Emphasis on economic reforms in the country will continue. The NPA has been withdrawn only on reforms. Credit growth in the country has gone above 13 percent. The Finance Minister has announced that 70 thousand crore rupees will be provided to public sector banks to promote credit. With the reforms, the bank’s NPA has been reduced. We will take banking to every door.
The Minister of State for Information and Foreign Affairs, on Foreign Affairs, announced that our government is also pushing for foreign policy, for this, the government will insist on opening the embassy in those countries where we are not currently the embassy. The government wants to open four other embassies in the financial year 2019-20. The government’s target is to invest Rs 100 lakh crore in infrastructure in the next five years.
The government will bring a series of new coins
The Finance Minister announced that Rs 1 lakh crore will be mobilized through disinvestment, which will also be disinvested in Air India. At the same time, the Government announced that RBI will now directly control the lending companies. The government has announced new coins of 1 to 20 rupees, which will be issued to the people soon.
Big announcement minister for companies
Nirmala Sitharaman has announced that companies with turnover of up to Rs 400 crore have to pay 25 percent corporate tax. Under this, 99 percent of the country’s companies will come. GST will be reduced from 12% to 5% on E vehicles. Along with this there is a big discount announcement for a startup. The startup will not have to pay Angel tax, as well as the Income Tax Department will not investigate them either.
The Modi government has made a big announcement for the big auctioned class for the middle class. Now, buying a house of 45 lakh rupees will be given an additional 1.5 lakh rupees. The total rebate on the interest of the housing loan has now increased from 2 lakh to 3.5 lakh. Apart from this, the purchase of an electric vehicle up to Rs 2.5 lakh will also be allowed.
Big announcement for those who pay income tax.
The Modi government has made a big announcement for ITR. Finance Minister will now be able to fill his income tax with the Aadhaar card. That is, it is not necessary to have a PAN card now, the PAN and the Aadhaar card will work.
Gold, petrol, diesel, and tobacco are all expensive.
The duty on gold has been increased from 10 percent to 12.5 percent. Extra charges will also be imposed on tobacco. An additional cess of 1-1 rupees will be levied on petrol and diesel.