Saturday, 1 February 2020

@AlliesFin Serve T.ME/ALLiESFiN's Post

* Rs 1.23 for Rural development and Panchayti Raj

* Agri credit target raised to Rs 15 lakh crore from Rs 12 lakh crore.

* Milk processing capacity to be doubled to 108 tonne from 53 tonne by 2025.

* NABARD Refinancing Scheme to be further expanded.

* MGNREGS to be used to develop fodder farm.

* Will further expand on SHGs for alleviation of poverty.

Fisheries:

Framework for development, management and conservation of marine fishery resources to be put in place.

* Fish production to be raised to 200 lakh tonnes by 2022-23

*Youth and fishery extension work to be enabled by rural youth as Sagar Mitras, forming 500 fish farmer producing organizations.

Sanitation:

* Rs 3.6 lakh crore allocated to water sanitation and pipeline project; Rs 12,300 crore for Swachh Bharat.

* Our government is committed to Open Defecation Free country, in order to sustain ODF behaviour and to ensure no one is left behind.

Education:

* Rs 99,300 crore allocated for education sector, Rs 3,000 crore rupees for skill development

* Urban local bodies to provide internships for young engineers for a period of up to one year.

* External commercial borrowings and FDI to be leveraged to improve the education system.

* A medical college to be attached to a district hospital in PPP mode, viability gap funding to be set up for setting up such medical colleges.

* US-like SAT exam to be held in African and Asian countries for benchmarking foreign candidates who wish to Study In India

* Degree-level full-fledged online education programme to be offered by institutes in top 100 in National Institutional Ranking Framework

* New Education Policy to be announced soon.

* To launch 2 new National science scheme

Healthcare:

* Rs 69,000 crore allocated to healthcare sector.

* Indradhanush immunization plan expanded to cover 12 new diseases,.

* Viability gap funding window to be set up to cover hospitals, with priority given to aspirational districts that don't have hospitals empanelled under Ayushman Bharat.

* Propose Rs 35,600 crore nutrition-related plan.

* Over 6 lakh anganwadi workers have been equipped with smartphones to upload the nutrition status of 10 crore households.

>>Other announcements<<:

* Rs 4,400 crore for clean air

* Rs 53,700 crore to ST schemes

* Rs 85,000 crore for SC, OBCs schemes

* Rs 9,500 crore for senior citizens scheme

* India will host G20 Presidency in 2022, Rs 100 crore to be allocated for making preparations for this historic occasion, where India will drive global economic agenda

* This is the Budget to boost income and purchasing power of Indians, says Sitharaman.

* This Budget is woven around three prominent themes: Aspirational India; Economic Development for All; A Caring Society

* Proliferation of technologies such as analytics, machine learning, Artificial Intelligence, bioinformatics and number of people in productive age group at its highest, point out two cross-cutting developments.

* Sitharaman cites a poem -- Pyara Watan.

* Budget aims to meet hopes and aspirations of all the sections of the society.

* Govt has taken several steps to formalisation of economy.

* Govt wants to improve the life of the people through Rs 100 lakh crore infrastructure pipeline projects.

*FM terms GST as historic structural reform; says it integrated country economically

* GST has resulted in efficiency gains in transport and logistics sector, inspector raj has vanished, it has benefitted MSME Consumers who have got a annual benefit of Rs 1 lakh crore by GST.

* 6 million new taxpayers have been added.

* Average household now saves nearly 4% more on the monthly basis after implementation of GST.

* Govt says aim is to achieve seamless delivery of services through digital governance.

* GST resulted in Rs 1 lakh crore gains to consumers, removed inspector raj and helped transport sector.

* India uplifted 271 million people out of poverty.

* India is now 5th largest economy in world.Central Govt debt reduced to 48.7% of GDP from 52.2 per cent in March 2014
By: via @AlliesFin Serve T.ME/ALLiESFiN

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