Budget 2020

                     " BUDGET 2020"

Bugdet 2020 is clean , reliable and robust financial sector. It is an effort to achieve $5trillion economy till 2024.

Prominent themes of Budget

1. Ease of living

2. Governance

3. Financial sector

1. Ease of living

1.1 Aspirational India - Agriculture , irrigation and rural development. Health and wellness centers , education and skills.

1.2 Economic development - Industry , commerce and investment. Infrastructure and economy.

1.3 Caring Society - Women , child and social welfare. Culture and tourism . Environment and climate change.

2. Governance

2.1 structural reforms - Insolvency and Bankruptcy code , GST.

2.2 Digital revolution - Digital governance , social security pensions and National Infrastructure pipeline.

2.3 Inclusive growth - Preventive healthcare, clean energy , financial inclusion , credit support system and pension and Affordable housing.

3. Financial sector

Deposit insurance coverage to increase from 1 lakh rupees to 5 lakh rupees.

Eligibility limit for NBFC for debt recovery under SARFAESI Act proposed to be reduced to asset size of 100 crore or loan size of 50 lakh rupees.

Proposal to sell balance holding of government in IDBI bank.

Disinvestment of LIC.

Change in tax proposal . Dividend distribution tax removed and classical system of dividend taxation adopted. 

Simplified and new income tax regime at option to old regime.

 Major Expenditure Areas

1. Defence

2. Subsidy 

3. Pension

4. Agriculture and allied services

5. Rural development

6. Education and skills

7. Health 

8. Fertilizers

9. Transport

10. Tax Administration

11. Urban development

12. Road and Railways.

Special focus on green India in terms of pollution as 4400 crore.

Budget for women as 28000 crores . 

Major schemes

1. PM KISAN yojana 

2. Pradhan Mantri swasthya suraksha yojana

3. Direct Benefit Transfer to LPG

4. Integrated child development scheme

5. Pradhan Mantri Awas yojana

6. Pradhan Mantri Gram sadak yojana.