Government of India budget highlight 2020
- 4 years ago
Government of India budget highlight 2020
The central ideas of the Budget are - "Aspirational India, Economic development, A Caring Society."The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. As per Article 112 of the Indian Constitution, it is a compulsory task of the government.Education sector allocation is ₹99,300 crore (US$14 billion).Power and renewable energy sectors have been allocated ₹22,000 crore (US$3.1 billion). ₹138,700 crore (US$19 billion) allocated for the welfare and upliftment of Scheduled Tribes and Scheduled castes and other Backward Classes.Defence pensions have been allocated ₹13,000 crore (US$1.8 billion) while development of the Union Territory of Jammu and Kashmir has been allocated ₹30,757 crore (US$4.3 billion) and the Union Territory of Ladakh ₹5,958 crore (US$840 million).Welfare of senior citizens and divyang is ₹9,500 crore (US$1.3 billion). ₹8,000 crore (US$1.1 billion) allocated over five years for the National Mission on Quantum Technology and Applications.Five new smart cities to be developed. 100 more airports will be developed to support UDAN. The government plans to raise funds by selling a partial stake in Life Insurance Corporation (LIC) through an initial public offering (IPO).₹100 crore (US$14 million) has been allocated to holding the G-20 summit.
The central ideas of the Budget are - "Aspirational India, Economic development, A Caring Society."The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. As per Article 112 of the Indian Constitution, it is a compulsory task of the government.Education sector allocation is ₹99,300 crore (US$14 billion).Power and renewable energy sectors have been allocated ₹22,000 crore (US$3.1 billion). ₹138,700 crore (US$19 billion) allocated for the welfare and upliftment of Scheduled Tribes and Scheduled castes and other Backward Classes.Defence pensions have been allocated ₹13,000 crore (US$1.8 billion) while development of the Union Territory of Jammu and Kashmir has been allocated ₹30,757 crore (US$4.3 billion) and the Union Territory of Ladakh ₹5,958 crore (US$840 million).Welfare of senior citizens and divyang is ₹9,500 crore (US$1.3 billion). ₹8,000 crore (US$1.1 billion) allocated over five years for the National Mission on Quantum Technology and Applications.Five new smart cities to be developed. 100 more airports will be developed to support UDAN. The government plans to raise funds by selling a partial stake in Life Insurance Corporation (LIC) through an initial public offering (IPO).₹100 crore (US$14 million) has been allocated to holding the G-20 summit.