Page 103 - Latest Updates on Nirmala Sitharaman
Budget 2020: For every rupee in govt coffers, 64 paise will come from taxes
The collection from borrowings and other liabilities will be 20 paise, while income tax will yield 17 paise to every rupee collection.
 "Budget 2020: For every rupee in govt coffers, 64 paise will come from taxes")
Budget 2020: Govt to set up Indian Institute of Heritage and Conservation
Presenting the Budget for 2020-21, Sitharaman said Rs 3,150 crore has been allocated for the Ministry of Culture and Rs 2,500 crore for the Ministry of Tourism
 "Budget 2020: Govt to set up Indian Institute of Heritage and Conservation")
Budget 2020: Sitharaman proposes health cess on import of medical equipment
Stating that this sector deserves further fillip, she said the government is committed to provide health services to all and Ayushman Bharat has made it possible
 "Budget 2020: Sitharaman proposes health cess on import of medical equipment")
India's growth, fiscal deficit projections challenging to meet: Moody's
Nirmala Sitharaman, set a fiscal deficit target of 3.5% of GDP for the year ending March 2021 and said it expected nominal GDP of 10%
 "India's growth, fiscal deficit projections challenging to meet: Moody's")
Budget 2020: Govt proposes to cut import duty on newsprint to 5% from 10%
The total consumption of standard newsprint in India is 2.5 million tonnes and the indigenous mills have a capacity of 1 million tonnes only, the INS had said
 "Budget 2020: Govt proposes to cut import duty on newsprint to 5% from 10%")
Income Tax slabs to fiscal deficit, all the key points from Budget 2020
Govt estimates economic growth this fiscal year, which ends on March 31, will slip to 5% - its weakest pace since the global financial crisis of 2008-09
 "Income Tax slabs to fiscal deficit, all the key points from Budget 2020")
Budget 2020: FM Sitharaman's sops to boost affordable housing projects
Rs 1.5 lakh benefit on interest paid on affordable housing loans extended by a year; Tax holiday for developers; industry hails initiatives
 "Budget 2020: FM Sitharaman's sops to boost affordable housing projects")
Budget 2020: FM Sitharaman proposes easing of tax payments for startups
During their formative years, startups generally use ESOPs to attract and retain highly talented employees, she added
 "Budget 2020: FM Sitharaman proposes easing of tax payments for startups")
FM Sitharaman speaks for 160 min, cuts short Budget speech after fatigue
Sitharaman had only two pages of her Budget speech unread when she appeared uneasy and was seen wiping sweat from her forehead
100 more airports to be developed by 2025 to support UDAN scheme: FM
Presenting the Budget for 2020-21, Sitharaman said Rs 1.7 lakh crore has been provided for transport infrastructure in 2020-21
 "100 more airports to be developed by 2025 to support UDAN scheme: FM")
Nominal GDP growth for FY21 estimated at 10%, says FM Sitharaman
Sitharaman said income tax rates will be significantly reduced for those who forego reliefs, exemptions
 "Nominal GDP growth for FY21 estimated at 10%, says FM Sitharaman")
Budget 2020: Healthcare sector allocation rises to Rs 69,000 crore
Ayushman Bharat gets a boost as hospitals to be developed under PPP mode; Jan Aushadhi scheme to be expanded to every district
 "Budget 2020: Healthcare sector allocation rises to Rs 69,000 crore")
Clean, robust financial sector key to achieve $5 trillion economy: FM
Presenting the Budget for 2020-21, Sitharaman said robust mechanism is in place to monitor health of all commercial banks and asserted that depositors' money is absolutely safe
 "Clean, robust financial sector key to achieve $5 trillion economy: FM")
Budget 2020: Rs 30,757 cr for J&K; Ladakh gets Rs 5,958 cr for FY21
The finance minister also proposed major reform in recruitment of non-gazetted staff
Budget 2020: National Police University, Forensic Science varsity proposed
Sitharaman said the Narendra Modi government will soon announce a new education policy
 "Budget 2020: National Police University, Forensic Science varsity proposed")
Budget 2020: Govt looks to increase turnover of GeM portal to Rs 3 trillion
The minister also proposed to provide about Rs 27,300 crore for development and promotion of industry and commerce for 2020-21
Budget 2020: Rs 22,000 cr outlay for power, renewable energy sector in FY21
State governments need to replace conventional electricity meters with pre-paid smart meters in three years, she said
 "Budget 2020: Rs 22,000 cr outlay for power, renewable energy sector in FY21")
Budget 2020: New education policy proposed, Rs 99,300 cr for sector in FY21
Steps will be be taken to attract external commercial borrowing and FDI in the education sector, the finance minister said
Budget: Govt to launch campaign to eliminate TB by 2025, says Sitharaman
Presenting the Budget for 2020-21, Sitharaman proposed to expand Jan Aushadhi Kendras to all districts of the country to provide medicines at affordable rates
Budget: Govt expands PM KUSUM for solar pumps, hopes to cover 2 mn farmers
The previous Modi government in February last year had unveiled the PM KUSUM scheme with an outlay of Rs 34,422 crore.
 "Budget: Govt expands PM KUSUM for solar pumps, hopes to cover 2 mn farmers")
