2020 Budget proposal for 2020-21 by Union Finance

*2020 Budget proposal for 2020-21 by Union Finance* *Minister Nirmala Sitharaman*

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● 85 thousand crores for Dalits and Backward (OBC).9500 crores for the elderly and disabled.35 thousand crores for Nutritional Scheme.28000 crores for women.3150 crores for the Ministry of Culture. • 2500 crore budget for tourism.6 thousand crores for Bharat Net program. ● Internet connection with fiber in 1 lakh villages. ● 6 thousand crore budget for clean air.3 thousand crores for skill development (Skill India).12300 crore proposal ● Smart phone to 6 lakh Anganwadi women workers. ● 150 trains will run on the lines of Tejas. ● India ranked 34th in 65 in tourism. ● 5 historic tourist centers will be developed. ● Task force will be formed to stop child marriage. ● Polluting thermal plants will be closed. ● The number of school going girls increased significantly. ● 9 out of 10 girls reached school. ● Ship Museum will be built in Lothal, Ahmedabad. ● Work on air in cities with a population of 1 million. ● Strict law for tax evadersLaw. ● Under the law, Tex will bring the charter. ● Establishment of agency for government recruitment. ● NRA for non-gazetted posts,5958 for the development of Ladakh, ● Guarantee for money being stuck in banks.5 lakhs instead of 1 lakhs. ● 30 thousand 757 crores for the development of Jammu and Kashmir.3,5 lakh crores to strengthen public sector banks. ● Government will sell some stake of LIC through IPO. ● IBD Bank's stake will also be sold. ● 10 percent target of economic growth rate of 2020-21. ● No tax on income of 5 lakhs.5 lakh to seven and a half lakh only 10 percent tax. ● 15 percent on income of seven and a half to 10 lakhs. ● 20 percent tax on income from 10 lakh to 12,5 lakh. ● 30 percent tax on income above 15 lakhs. ● If discounted on investment, tax will be levied from the old rates. ● New tax arrangements are optional for taxpayers. ● 100 percent tax exemption for those investing in Infra. ● 15 percent corporate tax on new companies. ● The Companies Act will be changed. ● Emphasis on modernizing the banking system. ● 5 new smart cities on PPP model. ● 12 new diseases will be added to Mission Indradhanush. ● 27000 km of railway line will be electrified. ● Will replace old electricity meters in three years. ● National Security biggest priority. ● Sagar Mitra Scheme will be launched. ● Agricultural flying will start at national and international level. ● 3 lakh crore proposal for agricultural-agricultural development ● One year internship proposal for engineer ● Aim to provide pure water from every household tap. ● Make India a global manufacturing hub.