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2 February 2020 Ke Mukhya Samachar: Jan Jan Ka Budget 2020 Updates

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2 February 2020 Ke Mukhya Samachar: 2 February 2020 के मुख्य समाचार on Jan Jan Ka Budget 2020. Union Minister Of Finance And Corporate Affairs Nirmala Sitharaman presented Budget 2020-21 at Lok Sabha 1st February 2020. Through this budget 2020 major reforms proposed.

Here provided Union Budget 2020-21 updates over Heritage & Tourism, Agricultural, Governance Reforms, Financial Sector Reforms, Taxation, Swachh Bharat, Environment, New Economy, Health & Wellness, Middle Class, MSMES, Education, Infrastructure, Housing For All, Jal Jeevan, Caring For Society.

2 February 2020 Ke Mukhya Samachar

Heritage & Tourism 

  • Establishment of an Indian Institute Of Heritage and Conservation With The Status Of A Deemed University.
  • Five archaeological sites to be developed as iconic sites with on-site museums-Rakhigarhi (Haryana), Hastinapur (Uttar Pradesh), Shivsagar (Assam), Dholavira (Gujarat) and Adichanallur (Tamil Nadu)
  • Support For Setting Up Of A Tribal Museum in Ranchi (Jharkhand) and more

Agricultural 

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  • Agricultural credit target of Rs/-15 Lakh cr by 2020-21. All eligible beneficiaries of PM-Kisan covered under the KCC Scheme
  • Financing on negotiable warehousing receipts (e-NWR) to be integrated with e-NAM
  • Kisan Rail and Krishi Udan to be launched by india railways and ministry of civil aviation respectively for a seamless national supply chain for perishables.
  • Supporting states which adopt a cluster basis to focus on “one product one district” for better marketing and export in horticultural sector

2 February 2020 के मुख्य समाचार

Governance Reforms 

  •  Amendments to remove criminal liability for acts that are civil in nature
  • Setting up a national recruitment agency (NRA) as an independent professional, specialist organization for conducting a computer based online common eligibility test for recruitment to non-gazetted posts. Also
  • New national policy on official statistics would use latest technology including AI and Lay down a road-map towards modernized data collection, integrated information portal and timely dissemination of information

Taxation 

  • 100% tax exempting to interest, dividend and capital gains income in respect of investment made in infrastructure and other notified priority sectors before 31st March 2024 and with minimum lock-in period of 3 years
  • Extension of the period of concessional withholding rate of 5% under section 194LC for interest payment to non-resident in respect of moneys borrowed and bonds issued up to 30th june 2023
  • Extension of the period up to 30th June 2023 for lower rate of withholding of 5% under section 194LD for interest payment to foreign portfolio investors (FPIs) and qualified foreign investors (QFIs) in respect of bonds issued by Indian companies and government securities
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