-The New Indian Express The proposal, mentioned in the Budget, has raised doubts. NEW DELHI: The idea to privatise district hospital — on which the Centre’s top think tank Niti Aayog is still trying to build consensus — was declared as the official policy of the Modi government on Saturday. Union Finance Minister Nirmala Sitharaman, in her budget speech, said that district hospitals will be attached with private medical colleges on public-private...
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Deposit insurance cover raised to Rs.5 lakh
-The Hindu The first INCrease in 27 years assumes significance in the wake of the crisis at PMC Bank Mumbai: The government has decided to INCrease the insurance cover for bank deposits to ?5 lakh from ?1 lakh, Finance Minister Nirmala Sitharaman said in her Budget speech. This is the first time sINCe 1993 that the deposit insurance cover has been raised. The Finance Minister assured that there was a robust mechanism in...
More »Union Budget 2020-21: Total rural budgetary allocation, INCluding MGNREGA slashed -Jitendra
-Down to Earth This comes even as rural India is suffering its worst unemployment crisis in 45 years The Union government slashed budgetary allocation for its flagship Mahatma Gandhi National Rural Employment Generation Act (MGNREGA) in the Budget 2020-21, at a time when rural India is facing all sorts of crises INCluding rising food bills and highest unemployment in the last five decades MGNREGA guarantees at least 100 days of employment to adults...
More »Budget 2020: INCome tax slabs lowered for those who forgo exemptions
-The Hindu Announcing new INCome tax proposals in the Union Budget 2020, Finance Minister Nirmala Sitharaman said that the new tax rates will be optional. In a proposal to simplify the personal INCome tax regime, Finance Minister Nirmala Sitharaman, in the Union Budget 2020 speech, said that INCome tax rates will be “significantly reduced” for those who forgo reliefs and exemptions. The new tax rates will be optional, she said. Please click here...
More »Explained: How the government plans to reboot the economy with this budget -Udit Misra
-The Indian Express Boosting consumption by leaving people with higher disposable INComes is the key strategy The fine print of the Union Budget for 2020-21 notwithstanding, the central strategy of the government seems to be to boost the disposable INComes of the Indian consumers. * What was the problem slowing down the economy? Typically, there are four engines of GDP (gross domestic product) growth. These are as follows: Consumption of the private individuals (or...
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