#Ayushman Bharat Yojana Hospitals In Ahmedabad
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Ayushman Bharat List Hospital in Ahmadabad | Dr. Tejas J. Patel - Avion Kidney Hospital
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What Should You Know About The Ma Yojana And Ayushman Bharat Yojana?
India is the developing country, that’s why every new thing is disclosed with the different type of yojanas for the poor people. As medical costs increasing day by day so who’s family income is less or we can say economically backward people are getting standard medical treatment just like touching the moon.
To help them, our Mukhyamantri comes with ma yojana, which is delivered in unique Ma Yojana Hospital In Ahmedabad, where poor people get proper treatment without paying a tiny amount of money. This yojana is available for ordinary people from September 4 2012. It will improvise on August 15, 2014, and they increase the beneficiary level.
This is yojana only applicable for the Gujarat state, but in the whole country, our reputable Pradhan Mantri introduces another medical beneficially yojana that is Ayushman Bharat yojana which is available at Ayushman Bharat Yojana Hospitals In Ahmedabad. It is a national health protection scheme. In this scheme, poor people get benefits of medical service with a cashless note.
In both yojanas, government provide a special card to that person who is eligible for the yojana so that they never face an abusive situation in the bigger hospital and gets treatment on which they also have rights like richer one.
Know the terms and condition of ma yojana and Ayushman Bharat Yojana.
Eligibility of Ma Yojana
Annual income should be less than Rs. 2.5 Lakhs.
Income will increase in ma vatsalya beneficiary that is Rs. 3 Lakh.
Whoever has U-win card they also included.
Every rural and urban Accredited Social Health Activist, reporter and fixed pay employees from class-3 as well as 4, which is appointed by the state government are included.
A senior citizen who’s annual family income us up to 6 lakhs then they also eligible for the vatsalya ma yojana.
Eligibility of Ayushman Bharat Yojana
Annual income should be under 5 Lakh par family.
The family who have no male member aged between 16 to 59 years.
Beggars or who live on charities.
Physically challenge people.
Primeval tribal communities
Legally bonded labours.
Manual forager families.
Health cover against illness in Ma Yojana Hospital In Ahmedabad
Burns
Cardiovascular diseases
Poly-trauma
Renal diseases
Cancer
Neurological diseases
Neonatal Diseases
Liver& kidney
Knee replacement
Kidney replacement
Health cover against illness in Ayushman Bharat Yojana Hospitals In Ahmedabad
Double valve replacement
Prostate cancer
Carotid angioplasty with stent
Laryngophary ectomy with gastric pull-up
Coronary artery bypass grafting
Anterior spine fixation
Pulmonary valve replacement
Tissue expander for disfigurement following burns
Skull base surgery
Benefits of Ayushman Bharat Yojana
Socio-Economic Caste Census families are covered in the yojana so that they also take medical help with cashless benefits.
In this type of yojana girl child, woman and senior citizens come in the priority so that they quickly get the benefits.
Every prior treatment cover in the yojana so that no one face more hassle while they reach a hospital.
This yojana cove all type of secondary and tertiary care which is necessary for any treatment.
It also suggests cashless as well as paperless registration for the treatment so that you never face any problem while getting treatment.
Conclusion
This is all about the necessary information about the ma yojana & Ayushman yojana; if you are eligible, then you can contact one of the Ma Yojana Hospital In Ahmedabad for further inquiry.
Source:Get Handy Guide About The Ma Yojana And Ayushman Bharat Yojana
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ONE KNOWN, YET UNKNOWN HOSPITAL- LIFE CARE SUPER SPECIALITY HOSPITAL
Ahmedabad city, one of the finest places of Gujarat, which has evolved and expanded over time. In the current era where every sector of the city is in a bloom, Health care is not lacking behind. Here you will find plenty of hospitals which are there with the latest technology and innovations, briefing with qualified doctors, professional staff, and a management team who look forward to giving you treatment beyond expectation. Life care Hospitals, Avron hospitals, Zydus hospitals, Shalby Multi-specialty Hospitals and many more count to be some of the best known hospitals in the city. Where Life care is a well-known and amongst top 10 hospitals in Ahmedabad situated in the middle of the city. Since the last 30 years life care has been serving all its patients with utmost quality, care, need and affordability.
CARE IN LIFE CARE
Care, a word with a lot of meaningful sense, Life care as the title suggests work under the agenda of providing quality care to all the patients who come here for any sort of treatment. Like other best hospitals it also has knowledgeable team of doctors who work under one roof for the betterment of their patients with most recent technologies and latest working equipments for any disease, but what makes it distinctive from others is the Care it provide in addition to the multi-skilled team of doctors and staff, which makes it the best multispecialty hospital in Ahmedabad.
MAIN PILLARS OF THE HOSPITALS
Our dedicated team of doctors- Life care hospitals has an eminent team of healthcare professionals who work round the clock for any routine or emergency patient. Being a multispecialty hospital it provides services to all the departments but the prime focus is it’s critical care and cardiac departments, where it has a firm hold on the same, reason being the most experienced and known team of cardiologist and physicians of ahmedabad.
Latest technology with equipped facilities - this hospital has one of the best ICU’s of Ahmedabad, which has been built keeping in mind the standardization protocol with cath lab and operation theatre which is maintained in accordance with proper instrumentation and sanitized prior to any emergency Operation. Being a NABH hospital it follows all the protocols of the same for quality assurance of the patients. Color Coding for any natural calamity is being followed with prior training.
Biomedical waste management is also a matter of concern keeping in view the environmental change, Life care gives special emphasis on collection and disposal of biomedical waste to avoid any hazardous situation.
Dedicated and skillful working staff- To be the best in the healthcare sector it’s a necessity to have a staff who work not only with full dedication but keep themselves upfront at the time of need. Life care is lucky, to have a team of skilled and hardworking people who work with it including highly qualified consultants, physicians, surgeons, anesthetists, medical technicians and well trained nursing staff. They stand by the side of patients since their admission and are there till their discharge.
INFRASTRUCTURE OF THE HOSPITAL-
As the hospital is situated in the hub of the city, it can be easily reached out by all the patients. The prime location of the hospital provides easy access at the time of emergency, where ambulance facility is available 24*7. The infrastructure of the hospital is in accordance with the requirement for any diagnosis, surgeries or treatment. Fully equipped facilities are provided making it a super-specialty hospital in Ahmedabad.
OUR CORPORATE TIE-UPS -
Agenda of the hospital is to reach within the periphery of every needy patient. For accomplishing the same it has corporate tie-ups with several Governmental schemes. Amongst all MAA yojana, ISRO, BSNL, Ayushman Bharat, ONGC are the prime ones. It has separate beneficiaries provided to the patients covering governmental policies which work under the line of giving quality care to every patient neglecting their society or social background.
Patients with MAA cards can avail the free treatment up to the limited policies, that have family income below 2.5 lakhs annually. Some beneficiaries given are:-
Medical expenses of upto 3 lakhs.
Kidney transplant- 5 lakhs.
liver transplant- 5 lakhs.
kidney+pancreas transplant- 5 lakhs.
knee and hip replacement- Rs.40,000.
Ayushman Bharat helps economically vulnerable patients who are in need of healthcare facilities with family income below 1.8 lakhs per annum.
Patients can avail secondary and tertiary care treatment with covering 5 lakhs/ annum.
It covers major specialties e.g. cardiology, neurosurgery, oncology, pediatrics, orthopedics, etc.
These cashless transactions provided by the hospital helps to get the current health-care treatment reaching every diseased patient.
WHY LIFE CARE AND NOT OTHERS?
Because life care is working on the edge of making a separate identity in the world of health care. Patient satisfaction is the prime focus for the hospital’s management team which can be attained keeping thorough foothold on the quality treatment given. There are numbers of hospitals out there, and similarly patients have a lot of options but what make it different from others is its professional team, who is into this journey since beginning and has attained a platform where patients create bonds with them due to their communication skills, understanding and treatment options.
We @Life Care are with you in any emergency situation with well equipped supply chains, streamlined operational team working with the best company of doctors making life care a super specialty hospital of Ahmedabad.
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PM unveiled super-speciality public hospital in Ahmedabad
PM unveiled super-speciality public hospital in Ahmedabad
Prime Minister Narendra Modi unveiled today the state of art, super-speciality public hospital – Sardar Vallabhbhai Patel Institute of Medical Sciences and Research in Ahmedabad today. Built by Ahmedabad Municipal Corporation, the 78 meter high, 1500 bed hospital is equipped with all modern amenities, including an air ambulance.
PM inspected the facilities at the hospital. He lauded the efforts…
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#Ayushman Bharat#Ahmedabad Municipal Corporation#Pradhan Mantri Jan Aushadhi Kendras#Pradhan Mantri Jan Aushadhi Yojana#Sardar Vallabhbhai Patel Institute of Medical Sciences and Research in Ahmedabad#super-speciality public hospital
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Highlights of Union Budget 2020-21
Presenting the first Union Budget of the third decade of 21st century, Finance Minister Smt. Nirmala Sitharaman, today unveiled a series of far-reaching reforms, aimed at energizing the Indian economy through a combination of short-term, medium-term, and long-term measures.
The Key Highlights of Union Budget 2020-21 are as follows:
Three prominent themes of the Budget
Aspirational India – better standards of living with access to health, education and better jobs for all sections of the society
Economic Development for all – “Sabka Saath , Sabka Vikas , Sabka Vishwas”.
Caring Society – both humane and compassionate; Antyodaya as an article of faith.
Three broad themes are held together by:
Corruption free, policy-driven Good Governance.
Clean and sound financial sector.
Ease of Living underlined by the three themes of Union Budget 2020-21.
Three components of Aspirational India
Agriculture, Irrigation, and Rural Development
Wellness, Water, and Sanitation
Education and Skills
Sixteen Action Points for Agriculture, Irrigation and Rural Development
Rs. 2.83 lakh crore to be allocated for the following 16 Action Points:
Rs. 1.60 lakh crore for Agriculture, Irrigation & allied activities.
Rs. 1.23 lakh crore for Rural development & Panchayati Raj. –
Agriculture credit:
Rs. 15 lakh crore target set for the year 2020-21.
PM-KISAN beneficiaries to be covered under the KCC scheme.
NABARD Re-finance Scheme to be further expanded.
Comprehensive measures for 100 water-stressed districts proposed.
Blue Economy:
Rs. 1 lakh crore fisheries’ exports to be achieved by 2024-25.
200 lakh tonnes fish production targeted by 2022-23.
3477 Sagar Mitras and 500 Fish Farmer Producer Organisations to involve youth in fisheries extension.
Growing of algae, sea-weed and cage culture to be promoted.
Framework for development, management and conservation of marine fishery resources.
Kisan Rail to be setup by Indian Railways through PPP:
To build a seamless national cold supply chain for perishables (milk, meat, fish, etc.
Express and Freight trains to have refrigerated coaches.
Krishi Udaan to be launched by the Ministry of Civil Aviation:
Both international and national routes to be covered.
North-East and tribal districts to realize Improved value of agri-products.
One-Product One-District for better marketing and export in the Horticulture sector.
Balanced use of all kinds of fertilizers – traditional organic and innovative fertilizers.
Measures for organic, natural, and integrated farming:
Jaivik Kheti Portal – online national organic products market to be strengthened.
Zero-Budget Natural Farming (mentioned in July 2019 Budget) to be included.
o Integrated Farming Systems in rain-fed areas to be expanded.
o Multi-tier cropping, bee-keeping, solar pumps, solar energy production in non-cropping season to be added.
PM-KUSUM to be expanded:
20 lakh farmers to be provided for setting up stand-alone solar pumps.
Another 15 lakh farmers to be helped to solarise their grid-connected pump sets.
Scheme to enable farmers to set up solar power generation capacity on their fallow/barren lands and to sell it to the grid.
Village Storage Scheme:
To be run by the SHGs to provide farmers a good holding capacity and reduce their logistics cost.
Women, SHGs to regain their position as Dhaanya Lakshmi.
NABARD to map and geo-tag agri-warehouses, cold storages, reefer van facilities, etc.
Warehousing in line with Warehouse Development and Regulatory Authority (WDRA) norms:
Viability Gap Funding for setting up such efficient warehouses at the block/taluk level.
Food Corporation of India (FCI) and Central Warehousing Corporation (CWC) to undertake such warehouse building.
Financing on Negotiable Warehousing Receipts (e-NWR) to be integrated with e-NAM.
State governments who undertake implementation of model laws (issued by the Central government) to be encouraged.
Livestock:
Doubling of milk processing capacity to 108 million MT from 53.5 million MT by 2025.
Artificial insemination to be increased to 70% from the present 30%.
MNREGS to be dovetailed to develop fodder farms.
Foot and Mouth Disease, Brucellosis in cattle and Peste Des Petits ruminants (PPR) in sheep and goat to be eliminated by 2025.
Deen Dayal Antyodaya Yojana – 0.5 crore households mobilized with 58 lakh SHGs for poverty alleviation.
Wellness, Water and Sanitation
Rs. 69,000 crore allocated for overall Healthcare sector.
Rs. 6400 crore (out of Rs. 69,000 crore) for PM Jan Arogya Yojana (PMJAY):
More than 20,000 hospitals already empanelled under PM Jan Arogya Yojana (PMJAY).
Viability Gap Funding window proposed for setting up hospitals in the PPP mode.
Aspirational Districts with no Ayushman empanelled hospitals to be covered in the first phase.
Targeting diseases with an appropriately designed preventive regime using Machine Learning and AI.
Jan Aushadhi Kendra Scheme to offer 2000 medicines and 300 surgicals in all districts by 2024.
TB Harega Desh Jeetega campaign launched – commitment to end Tuberculosis by 2025.
Rs. 3.60 lakh crore approved for Jal Jeevan Mission:
Rs. 11,500 crore for the year 2020-21.
Augmenting local water sources, recharging existing sources, and promoting water harvesting and de-salination.
Cities with million-plus population to be encouraged to achieve the objective during the current year itself.
Rs.12, 300 crore allocation for Swachh Bharat Mission in 2020-21:
Committment to ODF-Plus in order to sustain ODF behaviour.
Emphasis on liquid and grey water management.
o Focus also on Solid-waste collection, source segregation, and processing.
Education and Skills
Rs. 99,300 crore for education sector and Rs. 3000 crore for skill development in 2020-21.
New Education Policy to be announced soon.
National Police University and National Forensic Science University proposed for policing science, forensic science, and cyber-forensics.
Degree level full-fledged online education program by Top-100 institutions in the National Institutional Ranking Framework.
Up to 1-year internship to fresh engineers to be provided by Urban Local Bodies.
Budget proposes to attach a medical college to an existing district hospital in PPP mode.
Special bridge courses to be designed by the Ministries of Health, and Skill Development:
To fulfill the demand for teachers, nurses, para-medical staff and care-givers abroad.
To bring in equivalence in the skill sets of the workforce and employers’ standards.
150 higher educational institutions to start apprenticeship embedded degree/diploma courses by March 2021.
External Commercial Borrowings and FDI to be enabled for education sector.
Ind-SAT proposed for Asian and African countries as a part of Study in India program.
Economic Development
Industry, Commerce and Investment
Rs. 27,300 crore allocated for 2020-21 for development and promotion of Industry and Commerce.
Investment Clearance Cell proposed to be set up:
o To provide “end to end” facilitation and support.
o To work through a portal.
Five new smart cities proposed to be developed.
Scheme to encourage manufacture of mobile phones, electronic equipment and semi-conductor packaging proposed.
National Technical Textiles Mission to be set up:
o With four-year implementation period from 2020-21 to 2023-24.
o At an estimated outlay of Rs 1480 crore.
o To position India as a global leader in Technical Textiles.
New scheme NIRVIK to be launched to achieve higher export credit disbursement, which provides for:
o Higher insurance coverage
o Reduction in premium for small exporters
o Simplified procedure for claim settlements.
Turnover of Government e-Marketplace (GeM) proposed to be taken to Rs 3 lakh crore.
Scheme for Revision of duties and taxes on exported products to be launched.
o Exporters to be digitally refunded duties and taxes levied at the Central, State and local levels, which are otherwise not exempted or refunded.
All Ministries to issue quality standard orders as per PM’s vision of “Zero Defect-Zero Effect” manufacturing.
Infrastructure
Rs.100 lakh crore to be invested on infrastructure over the next 5 years.
National Infrastructure Pipeline:
o Rs. 103 lakh crore worth projects; launched on 31st December 2019.
o More than 6500 projects across sectors, to be classified as per their size and stage of development.
A National Logistics Policy to be released soon:
o To clarify roles of the Union Government, State Governments and key regulators.
o A single window e-logistics market to be created
o Focus to be on generation of employment, skills and making MSMEs competitive.
National Skill Development Agency to give special thrust to infrastructure-focused skill development opportunities.
Project preparation facility for infrastructure projects proposed.
o To actively involve young engineers, management graduates and economists from Universities.
Infrastructure agencies of the government to involve youth-power in start-ups.
Rs.1.7 lakh crore proposed for transport infrastructure in 2020-21.
Highways:
Accelerated development of highways to be undertaken, including:
o 2500 Km access control highways.
o 9000 Km of economic corridors.
o 2000 Km of coastal and land port roads.
o 2000 Km of strategic highways.
Delhi-Mumbai Expressway and two other packages to be completed by 2023.
Chennai-Bengaluru Expressway to be started.
Proposed to monetise at least 12 lots of highway bundles of over 6000 Km before 2024.
Indian Railways:
Five measures:
o Large solar power capacity to be set up alongside rail tracks, on land owned by railways.
o Four station re-development projects and operation of 150 passenger trains through PPP.
o More Tejas type trains to connect iconic tourist destinations.
o High speed train between Mumbai and Ahmedabad to be actively pursued.
o 148 km long Bengaluru Suburban transport project at a cost of Rs 18600 crore, to have fares on metro model. Central Government to provide 20% of equity and facilitate external assistance up to 60% of the project cost.
Indian Railways’ achievements:
o 550 Wi-fi facilities commissioned in as many stations.
o Zero unmanned crossings.
o 27000 Km of tracks to be electrified.
Ports & Water-ways:
Corporatizing at least one major port and its listing on stock exchanges to be considered.
Governance framework keeping with global benchmarks needed for more efficient sea-ports.
Economic activity along river banks to be energised as per Prime Minister’s Arth Ganga concept.
Airports:
100 more airports to be developed by 2024 to support Udaan scheme.
Air fleet number expected to go up from present 600 to 1200 during this time.
Electricity:
“Smart” metering to be promoted.
More measures to reform DISCOMs to be taken.
Power:
Rs.22, 000 crore proposed for power and renewable energy sector in 2020-21.
Expansion of national gas grid from the present 16200 km to 27000 km proposed.
Further reforms to facilitate transparent price discovery and ease of transactions.
New Economy
To take advantage of new technologies:
o Policy to enable private sector to build Data Centre parks throughout the country to be brought out soon.
o Fibre to the Home (FTTH) connections through Bharatnet to link 100,000 gram panchayats this year.
o Rs.6000 crore proposed for Bharatnet programme in 2020-21.
Measures proposed to benefit Start-ups:
o A digital platform to be promoted to facilitate seamless application and capture of IPRs.
o Knowledge Translation Clusters to be set up across different technology sectors including new and emerging areas.
o For designing, fabrication and validation of proof of concept, and further scaling up Technology Clusters, harbouring test beds and small scale manufacturing facilities to be established.
o Mapping of India’s genetic landscape- Two new national level Science Schemes to be initiated to create a comprehensive database.
o Early life funding proposed, including a seed fund to support ideation and development of early stage Start-ups.
Rs.8000 crore proposed over five years for National Mission on Quantum Technologies and Applications.
Caring Society
Focus on:
o Women & child,
o Social Welfare;
o Culture and Tourism
Allocation of Rs. 35,600 crore for nutrition-related programmes proposed for the FY2020-21.
Rs.28, 600 crore proposed for women specific programs.
Issue about age of a girl entering motherhood – proposed to appoint a task force to present its recommendations in six months’ time.
Financial support for wider acceptance of technologies, identified by Ministry of Housing and Urban Affairs to ensure no manual cleaning of sewer systems or septic tanks, to be provided.
Rs. 85, 000 crore proposed for 2020-21 for welfare of Scheduled Castes and Other Backward Classes.
Rs. 53, 700 crore provided to further development and welfare of Scheduled Tribes.
Enhanced allocation of Rs. 9,500 crore provided for 2020-21 for senior citizens and Divyang.
Culture & Tourism
Allocation of Rs. 2500 crore for 2020-21 for tourism promotion.
Rs.3150 crore proposed for Ministry of Culture for 2020-21.
An Indian Institute of Heritage and Conservation under Ministry of Culture proposed; with the status of a deemed University.
5 archaeological sites to be developed as iconic sites with on-site Museums:
o Rakhigarhi (Haryana)
o Hastinapur (Uttar Pradesh)
o Shivsagar (Assam)
o Dholavira (Gujarat)
o Adichanallur (Tamil Nadu)
Re-curation of the Indian Museum in Kolkata, announced by Prime Minister in January 2020.
Museum on Numismatics and Trade to be located in the historic Old Mint building in Kolkata.
4 more museums from across the country to be taken up for renovation and re-curation.
Support for setting up of a Tribal Museum in Ranchi (Jharkhand).
Maritime museum to be set up at Lothal- the Harrapan age maritime site near Ahmedabad, by Ministry of Shipping.
State governments expected to develop a roadmap for certain identified destinations and formulate financial plans during 2021 against which specified grants to be made available to the States in 2020-21.
Environment & Climate Change
Allocation for this purpose to be Rs.4400 crore for 2020-21.
Proposed to advise the utilities to close the running old thermal power plants with carbon emission above the pre-set norms.
States that are formulating and implementing plans for ensuring cleaner air in cities above one million to be encouraged.
PM launched Coalition for Disaster Resilient Infrastructure (CDRI) with Secretariat in Delhi. Second such international initiative after International Solar Alliance.
Governance
Clean, corruption-free, policy driven, good in intent and most importantly trusting in faith.
Taxpayer Charter to be enshrined in the Statute will bring fairness and efficiency in tax administration.
Companies Act to be amended to build into statues, criminal liability for certain acts that are civil in nature.
Other laws with such provisions are to be corrected after examination.
Major reforms in recruitment to Non-Gazetted posts in Government and Public sector banks:
An independent, professional and specialist National Recruitment Agency (NRA) for conducting a computer-based online Common Eligibility Test for recruitment.
A test-centre in every district, particularly in the Aspirational Districts.
A robust mechanism to be evolved for appointment including direct recruitment to various Tribunals and specialised bodies to attract best talents and professional experts.
Contract Act to be strengthened.
New National Policy on Official Statistics to:
Promote use of latest technologies including AI.
Lay down a road-map towards modernised data collection, integrated information portal and timely dissemination of information.
A sum of Rs. 100 crore allocated to begin the preparations for G20 presidency to be hosted in India in the year 2022.
Development of North East region:
Improved flow of funds using online portal by the Government.
Greater access to financial assistance of Multilateral and Bilateral funding agencies.
Development of Union Territories of J&K and Ladakh:
An amount of Rs. 30,757 crore provided for the financial year 2020-21.
o The Union Territory of Ladakh has been provided with Rs. 5,958.
Financial Sector
Reforms accomplished in PSBs :
10 banks consolidated into 4.
Rs. 3,50,000 crore capital infused.
Governance reforms to be carried out to bring in transparency and greater professionalism in PSBs.
Few PSBs to be encouraged to approach the capital market to raise additional capital
Deposit Insurance and Credit Guarantee Corporation (DICGC) permitted to increase Deposit Insurance Coverage to Rs. 5 lakh from Rs.1 lakh per depositor.
Scheduled Commercial Bank’s health under monitoring through a robust mechanism, keeping depositors’ money safe.
Cooperative Banks to be strengthen by amending Banking Regulation Act for:
Increasing professionalism.
Enabling access to capital.
Improving governance and oversight for sound banking through the RBI.
NBFCs eligibility limit for debt recovery reduced from:
Rs. 500 crore to Rs 100 crore asset size.
Rs 1 crore to Rs 50 lakh loan size.
Private capital in Banking system:
Government to sell its balance holding in IDBI Bank to private, retail and institutional investors through the stock exchange.
Easier mobility in jobs:
Auto-enrolment in Universal Pension coverage.
Inter-operability mechanism to safeguard the accumulated corpus.
Pension Fund Regulatory Development Authority of India Act to be amended to:
Strengthen regulating role of PFRDAI.
Facilitate separation of NPS trust for government employees from PFRDAI.
Enable establishment of a Pension Trust by the employees other than Government.
Factor Regulation Act 2011 to be amended to:
Enable NBFCs to extend invoice financing to the MSMEs through TReDS
New scheme to provide subordinate debt for entrepreneurs of MSMEs by the banks
Would be counted as quasi-equity.
Would be fully guaranteed through the Credit Guarantee Trust for Medium and Small Entrepreneurs (CGTMSE).
The corpus of the CGTMSE would accordingly be augmented by the government.
Window for MSME’s debt restructuring by RBI to be extended by one year till March 31, 2021.
More than five lakh MSMEs have already been benefitted.
An app-based invoice financing loans product for MSMEs to be launched.
To prevent the problem of delayed payments and consequential cash flows mismatches.
Export promotion of MSMEs:
For selected sector such as pharmaceuticals, auto components and others.
An Rs 1000 crore scheme anchored by EXIM Bank together with SIDBI.
o Hand holding support for technology upgradations, R&D, business strategy etc.
Financial Market
Deepening Bond Market.
Certain specified categories of Government securities to be opened fully for non -resident investors also.
FPI limit in corporate bonds increased to 15% from 9% of its outstanding stock.
New legislation to be formulated for laying down a mechanism for netting of financial contracts.
Scope of credit default swaps to expand.
Debt Based Exchange Traded Fund expanded by a new Debt-ETF consisting primarily of Government Securities.
To give attractive access to retail investors, pension funds and long-term investors.
A Partial Credit Guarantee scheme for the NBFCs formulated post the Union budget 2019-20 to address their liquidity constraints.
New mechanism to be devised to further this.
o Government support to securities so floated.
Infrastructure Financing
Rs.103 lakh crore National Infrastructure Pipeline projects earlier announced.
Rs 22,000 crore to cater to the equity support to Infrastructure Finance Companies such as IIFCL and a subsidiary of NIIF.
IFSC, GIFT city: full of potential to become a centre of international finance as well as a centre for high end data processing:
o An International Bullion exchange(s) to be set up as an additional option for trade by global market participants with the approval of regulator.
Disinvestment
Government to sell a part of its holding in LIC by way of Initial Public Offer (IPO).
Fiscal Management
XV Finance Commission (FC):
o XV Finance Commission has given its first report for FY2020-21
o Recommendations accepted in substantial measure
o Its final report for five years beginning 2021-22 to be submitted during the latter part of the year.
GST Compensation Fund:
o Balances due out of collection of the years 2016-17 and 2017-18 to be transferred to the Fund, in two instalments.
o Hereinafter, transfers to the fund to be limited only to collection by way of GST compensation cess.
Overhaul of Centrally Sponsored Schemes and Central Sector Schemes necessary:
o To align them with emerging social and economic needs of tomorrow
o To ensure that scarce public resources are spent optimally
On the recent debate over transparency and credibility of projected fiscal numbers, it is assured that procedure adopted is compliant with the FRBM Act.
For the FY 2019-20:
o Revised Estimates of Expenditure: at Rs.26.99 lakh crore
o Revised Estimates of Receipts: estimated at Rs.19.32 lakh crore.
For year 2020-21:
o Nominal growth of GDP estimated at 10%.
o Receipts: estimated at Rs.22.46 lakh cr
o Expenditure: at Rs.30.42 lakh cr.
Significant tax reforms for boosting investments recently undertaken. However, expected tax buoyancy expected to take time.
Fiscal deficit of 3.8% estimated in RE 2019-20 and 3.5% for BE 2020-21. It comprises two ingredients;
o 3.3% for year 2019-20 and 3% for the 2020-21 budget estimate.
o Deviation of 0.5%, consistent with Section 4(3) of FRBM Act, both for RE 2019-20 and BE 2020-21. (Section 4 (2) of the FRBM Act provides for a trigger mechanism for a deviation from the estimated fiscal deficit on account of structural reforms in the economy with unanticipated fiscal implications.)
o Return path, committing to fiscal consolidation without compromising needs of investment out of public funds, is laid in Medium Term Fiscal Policy cum Strategy Statement.
o Market borrowings: Net market borrowings: Rs.4.99 lakh crore for 2019-20 and Rs.5.36 lakh crore for 2020-21.
A good part of the borrowings for the financial year 2020-21 to go towards Capital expenditure that has been scaled up by more than 21%.
Direct Tax
Direct Tax Proposals – To stimulate growth, simplify tax structure, bring ease of compliance, and reduce litigations.
Personal Income Tax:
Significant relief to middle class taxpayers.
New and simplified personal income tax regime proposed:
Taxable Income Slab (Rs.) Existing tax rates New tax rates 0-2.5 Lakh Exempt Exempt 2.5-5 Lakh 5% 5% 5-7.5 Lakh 20% 10% 7.5-10 Lakh 20% 15% 10-12.5 Lakh 30% 20% 12.5-15 Lakh 30% 25% Above 15 Lakh 30% 30%
Around 70 of the existing exemptions and deductions (more than 100) to be removed in the new simplified regime.
Remaining exemptions and deductions to be reviewed and rationalised in coming years.
New tax regime to be optional – an individual may continue to pay tax as per the old regime and avail deductions and exemptions.
Measures to pre-fill the income tax return initiated so that an individual who opts for the new regime gets pre-filled income tax returns and would need no assistance from an expert to pay income tax.
New regime to entail estimated revenue forgone of Rs. 40,000 crore per year.
Corporate Tax:
Tax rate of 15% extended to new electricity generation companies.
Indian corporate tax rates now amongst the lowest in the world.
Dividend Distribution Tax (DDT):
DDT removed making India a more attractive investment destination.
Deduction to be allowed for dividend received by holding company from its subsidiary.
Rs. 25,000 crore estimated annual revenue forgone.
Start-ups:
Start-ups with turnover up to Rs. 100 crore to enjoy 100% deduction for 3 consecutive assessment years out of 10 years.
Tax payment on ESOPs deferred.
MSMEs to boost less-cash economy:
Turnover threshold for audit increased to Rs. 5 crore from Rs. 1 crore for businesses carrying out less than 5% business transactions in cash.
Cooperatives:
Parity brought between cooperatives and corporate sector.
Option to cooperative societies to be taxed at 22% + 10% surcharge and 4% cess with no exemption/deductions.
Cooperative societies exempted from Alternate Minimum Tax (AMT) just like Companies are exempted from the Minimum Alternate Tax (MAT).
Tax concession for foreign investments:
100% tax exemption to the interest, dividend and capital gains income on investment made in infrastructure and priority sectors before 31st March, 2024 with a minimum lock-in period of 3 years by the Sovereign Wealth Fund of foreign governments.
Affordable housing:
Additional deduction up to Rs. 1.5 lakhs for interest paid on loans taken for an affordable house extended till 31st March, 2021.
Date of approval of affordable housing projects for availing tax holiday on profits earned by developers extended till 31st March, 2021.
Tax Facilitation Measures
Instant PAN to be allotted online through Aadhaar.
‘Vivad Se Vishwas’ scheme, with a deadline of 30th June, 2020, to reduce litigations in direct taxes:
Waiver of interest and penalty – only disputed taxes to be paid for payments till 31st March, 2020.
Additional amount to be paid if availed after 31st March, 2020.
Benefits to taxpayers in whose cases appeals are pending at any level.
Faceless appeals to be enabled by amending the Income Tax Act.
For charity institutions:
Pre-filling in return through information of donations furnished by the done.
Process of registration to be made completely electronic.
Unique registration number (URN) to be issued to all new and existing charity institutions.
Provisional registration to be allowed for new charity institutions for three years.
CBDT to adopt a Taxpayers’ Charter.
Losses of merged banks:
Amendments proposed to the Income-tax Act to ensure that entities benefit from unabsorbed losses and depreciation of the amalgamating entities.
Indirect Tax
GST:
Cash reward system envisaged to incentivise customers to seek invoice.
Simplified return with features like SMS based filing for nil return and improved input tax credit flow to be implemented from 1st April, 2020 as a pilot run.
Dynamic QR-code capturing GST parameters proposed for consumer invoices.
Electronic invoice to capture critical information in a centralized system to be implemented in a phased manner.
Aadhaar based verification of taxpayers being introduced to weed out dummy or non-existent units.
GST rate structure being deliberated to address inverted duty structure.
Customs Duties:
Customs duty raised on footwear to 35% from 25% and on furniture goods to 25% from 20%.
Basic customs duty on imports of news print and light-weight coated paper reduced from 10% to 5%.
Customs duty rates revised on electric vehicles and parts of mobiles.
5% health cess to be imposed on the imports of medical devices, except those exempt from BCD.
Lower customs duty on certain inputs and raw materials like fuse, chemicals, and plastics.
Higher customs duty on certain goods like auto-parts, chemicals, etc. which are also being made domestically.
Trade Policy Measures
Customs Act being amended to enable proper checks of imports under FTAs.
Rules of Origin requirements to be reviewed for certain sensitive items.
Provisions relating to safeguard duties to be strengthened to enable regulating such surge in imports in a systematic way.
Provisions for checking dumping of goods and imports of subsidized goods being strengthened.
Suggestions for reviews of exemptions from customs duty to be crowd-sourced.
Excise duty proposed to be raised on Cigarettes and other tobacco products, no change made in the duty rates of bidis.
Anti-dumping duty on PTA abolished to benefit the textile sector.
Unprecedented Milestones and Achievements of Indian Economy
India now the fifth largest economy of the world.
7.4% average growth clocked during 2014-19 with inflation averaging around 4.5%.
271 million people raised out of poverty during 2006-16.
India’s Foreign Direct Investment elevated to US$ 284 billion during 2014-19 from US$ 190 billion during 2009-14.
Central Government debt reduced to 48.7% of GDP (March 2019) from 52.2% (March 2014).
Two cross-cutting developments:
Proliferation of technologies (Analytics, Machine Learning, robotics, Bio-informatics and Artificial Intelligence).
Highest ever number of people in the productive age group (15-65 years) in India.
GST removed many bottlenecks in the system.
Future Aim for sustaining India’s unique global leadership, driven by Digital Revolution
Seamless delivery of services through Digital Governance.
Improvement in physical quality of life through National Infrastructure Pipeline.
Risk mitigation through Disaster Resilience.
Social security through Pension and Insurance penetration.
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Know Above the Plus Points of Ayushman Bharat Yojana For Patients
The Ayushman Bharat Yojana - National Health Protection Scheme, which has now been renamed as Pradhan Mantri Jan Arogya Yojana, plans to make auxiliary and tertiary social insurance totally cashless. The PM Jan Arogya Yojana recipients get an e-card that can be utilized to profit administrations at an empanelled emergency Ayushman Bharat Yojana Hospitals In Ahmedabad, public or private, anyplace in the nation. With it, you can stroll into a medical clinic and acquire cashless treatment.
Advantages
There is no top on the family size and age as this wellbeing spread is intended to be comprehensive for all. Also, the plan holds ladies, youngsters, particularly the young lady kid, and those more than 60 in extraordinary respect.
It has an arrangement for a wellbeing front of Rs.5 lakh for families living underneath the neediness line. The wellbeing spread itself is thoroughly free with the yearly premiums being footed by the focal and state governments in a 60: 40 proportion.
The plan gives those deprived to get auxiliary human services benefits gave by authorities like cardiologists and urologists. Besides, propelled clinical treatment like that for malignancy, cardiovascular medical procedure, and othersare likewise secured.
Know About the Ma Yojana
Expanding clinical expenses in India are a significant concern, particularly for impoverished individuals. Tested individuals regularly get caught in an obligation cycle when there is a health-related crisis in their families. MA Yojana is a human services plan created by the Government of Gujarat to help low-income families in their significant difficulties. This plan offers budgetary help to beneath destitution line and lower salary families living in Gujarat. In spite of the fact that initially proposed for beneath destitution line families, this arrangement was later altered to incorporate lower class families in the state.
Advantages
Provides a cover of Rs. 3,00,000/ -
Kidney Transplant, Liver Transplant, Kidney + Pancreas Transplant techniques are concealed with advantage to Rs. 5,00,000/ -
In the clinic, provides spread for Cardiovascular sicknesses, Renal maladies, Neurological illnesses, Burns, Poly-Trauma, Cancer (Malignancies), Neonatal (infant) infections, Knee and Hip Replacement and Kidney, Liver and Kidney + Pancreas Transplantation and 698 characterized methodology.
300/ - is paid to the recipient as transportation charges for each occasion of benefiting treatment from the Ma Yojana Hospital In Ahmedabad.
The Bottom Line
These are the main benefits of different yojana which are disclosed by our government for pool people. So, if you have any severe dieses and you are eligible for this yojana, then you can come at Ayushman Bharat Yojana Hospitals In Ahmedabad and get the best treatment.
Source:What Are the Advantages of Ayushman Bharat Yojana For Common People?
#Ayushman Bharat Yojana Hospitals In Ahmedabad#Ma Yojana Hospital In Ahmedabad#Ma Yojana Hospital#ayushman bharat yojana hospitals
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What Type of Health Scheme Running in Gujarat’s Hospital?
Countless family units are driven into neediness because of significant expenses of family spending on medicinal services. The Below Poverty Line (BPL) populace is particularly powerless against the calamitous wellbeing dangers. To address this key helplessness looked by the BPL populace in Gujarat, the State Government announce different like ma yojana, Chiranjeevi Yojana and so on, as well as to serve these yojana many hospitals come ahead as Ma Yojana Hospital in Ahmedabad provider. With the quantity of pulverizing health results ascending in the nation, there is a more significant arrangement of individuals who can't bear the cost of value social insurance. Thus, the Indian government also announce Ayushman Bharat Yojana and Ayushman Bharat Yojana Hospitals in Ahmedabad to help them with the standard quality of healthcare. Here we give you complete detail about the different scheme which is available for health care in a different hospital.
Mukhyamantri Amrutum (MA) Yojana
A clinical consideration conspire called Mukhyamantri Amrutum (MA) Yojana has a goal is to improve access of BPL families to quality clinical and careful consideration. For the treatment of distinguished sicknesses including hospitalization, medical procedures and medications through an em board system of human services suppliers.
Mamta Taruni Abhiyan
For delivering free social insurance to eager and lactating moms, this wellbeing plan provides free effort for BPL families and the individuals who can't manage the cost of value and auspicious human services. A portion of the advantages this plan offers are:
Growth Monitoring
Postnatal Care
Prenatal Care
NOTE: This plan is accommodated pre-adult young ladies between the ages of 10 to 19 years in country zones.
School Health Program (SHP)
Powerful since 1997, this wellbeing plan covers human services needs and influenza preventive medicine for school-going kids. This plan has secured 1.4 crore kids from 2009 to 2010, which is practically 25% of the number of inhabitants in Gujarat. As of now, it is accessible in 26 locale and 18,568 towns in the province of Gujarat.
Rashtriya Swasthya Bima Yojana
To give medical coverage to BPL families, the Govt. of Gujarat has executed Rashtriya Swasthya Bima Yojana. It conceals to 5 lakhs for BPL families every year. Under this plan, the state government will contribute 25% of clinic charges, while the focal government will secure 75 %.
Chiranjeevi Yojana
This administration wellbeing plan covers trust medical clinics, obstetricians and private gynecologists. When you have enrolled under this plan, the District Health Society will sign a Memorandum of Understanding (MoU). When you have marked the archive, you should give maternity administrations to Below Poverty Line families. At present, the administration will pay you 2,80,000 for a bundle of 100 conveyances (Includes typical just as entangled conveyances). This plan offers free meds, conveyance, lab tests and medical procedures.
Bal Sakha Scheme
This wellbeing plan is said to cover 3 lakh infant BPL births yearly. A portion of the medicinal services benefits that this plan gives are:
Neonatal care; and
Neonatal Intensive Care Unit
Free Pediatrician administration.
At Last, Above we give you an introduction of what schemes currently running in the Ma Yojana Hospital in Ahmedabad. So, if you any BPL holder which need medical help then you can suggest them to visit such type of hospital and get better treatment.
Source:Different Health Scheme Available in Hospital at Gujrat- You Should Know
#Ma Yojana Hospital In Ahmedabad#Ayushman Bharat Yojana Hospitals In Ahmedabad#Ma Yojana Hospital#Ayushman Bharat Yojana Hospitals
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Highlights of Union Budget 2020-21
Presenting the first Union Budget of the third decade of 21st century, Finance Minister Smt. Nirmala Sitharaman, today unveiled a series of far-reaching reforms, aimed at energizing the Indian economy through a combination of short-term, medium-term, and long-term measures.
The Key Highlights of Union Budget 2020-21 are as follows:
Three prominent themes of the Budget
Aspirational India – better standards of living with access to health, education and better jobs for all sections of the society
Economic Development for all – “Sabka Saath , Sabka Vikas , Sabka Vishwas”.
Caring Society – both humane and compassionate; Antyodaya as an article of faith.
Three broad themes are held together by:
Corruption free, policy-driven Good Governance.
Clean and sound financial sector.
Ease of Living underlined by the three themes of Union Budget 2020-21.
Three components of Aspirational India
Agriculture, Irrigation, and Rural Development
Wellness, Water, and Sanitation
Education and Skills
Sixteen Action Points for Agriculture, Irrigation and Rural Development
Rs. 2.83 lakh crore to be allocated for the following 16 Action Points:
Rs. 1.60 lakh crore for Agriculture, Irrigation & allied activities.
Rs. 1.23 lakh crore for Rural development & Panchayati Raj. –
Agriculture credit:
Rs. 15 lakh crore target set for the year 2020-21.
PM-KISAN beneficiaries to be covered under the KCC scheme.
NABARD Re-finance Scheme to be further expanded.
Comprehensive measures for 100 water-stressed districts proposed.
Blue Economy:
Rs. 1 lakh crore fisheries’ exports to be achieved by 2024-25.
200 lakh tonnes fish production targeted by 2022-23.
3477 Sagar Mitras and 500 Fish Farmer Producer Organisations to involve youth in fisheries extension.
Growing of algae, sea-weed and cage culture to be promoted.
Framework for development, management and conservation of marine fishery resources.
Kisan Rail to be setup by Indian Railways through PPP:
To build a seamless national cold supply chain for perishables (milk, meat, fish, etc.
Express and Freight trains to have refrigerated coaches.
Krishi Udaan to be launched by the Ministry of Civil Aviation:
Both international and national routes to be covered.
North-East and tribal districts to realize Improved value of agri-products.
One-Product One-District for better marketing and export in the Horticulture sector.
Balanced use of all kinds of fertilizers – traditional organic and innovative fertilizers.
Measures for organic, natural, and integrated farming:
Jaivik Kheti Portal – online national organic products market to be strengthened.
Zero-Budget Natural Farming (mentioned in July 2019 Budget) to be included.
o Integrated Farming Systems in rain-fed areas to be expanded.
o Multi-tier cropping, bee-keeping, solar pumps, solar energy production in non-cropping season to be added.
PM-KUSUM to be expanded:
20 lakh farmers to be provided for setting up stand-alone solar pumps.
Another 15 lakh farmers to be helped to solarise their grid-connected pump sets.
Scheme to enable farmers to set up solar power generation capacity on their fallow/barren lands and to sell it to the grid.
Village Storage Scheme:
To be run by the SHGs to provide farmers a good holding capacity and reduce their logistics cost.
Women, SHGs to regain their position as Dhaanya Lakshmi.
NABARD to map and geo-tag agri-warehouses, cold storages, reefer van facilities, etc.
Warehousing in line with Warehouse Development and Regulatory Authority (WDRA) norms:
Viability Gap Funding for setting up such efficient warehouses at the block/taluk level.
Food Corporation of India (FCI) and Central Warehousing Corporation (CWC) to undertake such warehouse building.
Financing on Negotiable Warehousing Receipts (e-NWR) to be integrated with e-NAM.
State governments who undertake implementation of model laws (issued by the Central government) to be encouraged.
Livestock:
Doubling of milk processing capacity to 108 million MT from 53.5 million MT by 2025.
Artificial insemination to be increased to 70% from the present 30%.
MNREGS to be dovetailed to develop fodder farms.
Foot and Mouth Disease, Brucellosis in cattle and Peste Des Petits ruminants (PPR) in sheep and goat to be eliminated by 2025.
Deen Dayal Antyodaya Yojana – 0.5 crore households mobilized with 58 lakh SHGs for poverty alleviation.
Wellness, Water and Sanitation
Rs. 69,000 crore allocated for overall Healthcare sector.
Rs. 6400 crore (out of Rs. 69,000 crore) for PM Jan Arogya Yojana (PMJAY):
More than 20,000 hospitals already empanelled under PM Jan Arogya Yojana (PMJAY).
Viability Gap Funding window proposed for setting up hospitals in the PPP mode.
Aspirational Districts with no Ayushman empanelled hospitals to be covered in the first phase.
Targeting diseases with an appropriately designed preventive regime using Machine Learning and AI.
Jan Aushadhi Kendra Scheme to offer 2000 medicines and 300 surgicals in all districts by 2024.
TB Harega Desh Jeetega campaign launched – commitment to end Tuberculosis by 2025.
Rs. 3.60 lakh crore approved for Jal Jeevan Mission:
Rs. 11,500 crore for the year 2020-21.
Augmenting local water sources, recharging existing sources, and promoting water harvesting and de-salination.
Cities with million-plus population to be encouraged to achieve the objective during the current year itself.
Rs.12, 300 crore allocation for Swachh Bharat Mission in 2020-21:
Committment to ODF-Plus in order to sustain ODF behaviour.
Emphasis on liquid and grey water management.
o Focus also on Solid-waste collection, source segregation, and processing.
Education and Skills
Rs. 99,300 crore for education sector and Rs. 3000 crore for skill development in 2020-21.
New Education Policy to be announced soon.
National Police University and National Forensic Science University proposed for policing science, forensic science, and cyber-forensics.
Degree level full-fledged online education program by Top-100 institutions in the National Institutional Ranking Framework.
Up to 1-year internship to fresh engineers to be provided by Urban Local Bodies.
Budget proposes to attach a medical college to an existing district hospital in PPP mode.
Special bridge courses to be designed by the Ministries of Health, and Skill Development:
To fulfill the demand for teachers, nurses, para-medical staff and care-givers abroad.
To bring in equivalence in the skill sets of the workforce and employers’ standards.
150 higher educational institutions to start apprenticeship embedded degree/diploma courses by March 2021.
External Commercial Borrowings and FDI to be enabled for education sector.
Ind-SAT proposed for Asian and African countries as a part of Study in India program.
Economic Development
Industry, Commerce and Investment
Rs. 27,300 crore allocated for 2020-21 for development and promotion of Industry and Commerce.
Investment Clearance Cell proposed to be set up:
o To provide “end to end” facilitation and support.
o To work through a portal.
Five new smart cities proposed to be developed.
Scheme to encourage manufacture of mobile phones, electronic equipment and semi-conductor packaging proposed.
National Technical Textiles Mission to be set up:
o With four-year implementation period from 2020-21 to 2023-24.
o At an estimated outlay of Rs 1480 crore.
o To position India as a global leader in Technical Textiles.
New scheme NIRVIK to be launched to achieve higher export credit disbursement, which provides for:
o Higher insurance coverage
o Reduction in premium for small exporters
o Simplified procedure for claim settlements.
Turnover of Government e-Marketplace (GeM) proposed to be taken to Rs 3 lakh crore.
Scheme for Revision of duties and taxes on exported products to be launched.
o Exporters to be digitally refunded duties and taxes levied at the Central, State and local levels, which are otherwise not exempted or refunded.
All Ministries to issue quality standard orders as per PM’s vision of “Zero Defect-Zero Effect” manufacturing.
Infrastructure
Rs.100 lakh crore to be invested on infrastructure over the next 5 years.
National Infrastructure Pipeline:
o Rs. 103 lakh crore worth projects; launched on 31st December 2019.
o More than 6500 projects across sectors, to be classified as per their size and stage of development.
A National Logistics Policy to be released soon:
o To clarify roles of the Union Government, State Governments and key regulators.
o A single window e-logistics market to be created
o Focus to be on generation of employment, skills and making MSMEs competitive.
National Skill Development Agency to give special thrust to infrastructure-focused skill development opportunities.
Project preparation facility for infrastructure projects proposed.
o To actively involve young engineers, management graduates and economists from Universities.
Infrastructure agencies of the government to involve youth-power in start-ups.
Rs.1.7 lakh crore proposed for transport infrastructure in 2020-21.
Highways:
Accelerated development of highways to be undertaken, including:
o 2500 Km access control highways.
o 9000 Km of economic corridors.
o 2000 Km of coastal and land port roads.
o 2000 Km of strategic highways.
Delhi-Mumbai Expressway and two other packages to be completed by 2023.
Chennai-Bengaluru Expressway to be started.
Proposed to monetise at least 12 lots of highway bundles of over 6000 Km before 2024.
Indian Railways:
Five measures:
o Large solar power capacity to be set up alongside rail tracks, on land owned by railways.
o Four station re-development projects and operation of 150 passenger trains through PPP.
o More Tejas type trains to connect iconic tourist destinations.
o High speed train between Mumbai and Ahmedabad to be actively pursued.
o 148 km long Bengaluru Suburban transport project at a cost of Rs 18600 crore, to have fares on metro model. Central Government to provide 20% of equity and facilitate external assistance up to 60% of the project cost.
Indian Railways’ achievements:
o 550 Wi-fi facilities commissioned in as many stations.
o Zero unmanned crossings.
o 27000 Km of tracks to be electrified.
Ports & Water-ways:
Corporatizing at least one major port and its listing on stock exchanges to be considered.
Governance framework keeping with global benchmarks needed for more efficient sea-ports.
Economic activity along river banks to be energised as per Prime Minister’s Arth Ganga concept.
Airports:
100 more airports to be developed by 2024 to support Udaan scheme.
Air fleet number expected to go up from present 600 to 1200 during this time.
Electricity:
“Smart” metering to be promoted.
More measures to reform DISCOMs to be taken.
Power:
Rs.22, 000 crore proposed for power and renewable energy sector in 2020-21.
Expansion of national gas grid from the present 16200 km to 27000 km proposed.
Further reforms to facilitate transparent price discovery and ease of transactions.
New Economy
To take advantage of new technologies:
o Policy to enable private sector to build Data Centre parks throughout the country to be brought out soon.
o Fibre to the Home (FTTH) connections through Bharatnet to link 100,000 gram panchayats this year.
o Rs.6000 crore proposed for Bharatnet programme in 2020-21.
Measures proposed to benefit Start-ups:
o A digital platform to be promoted to facilitate seamless application and capture of IPRs.
o Knowledge Translation Clusters to be set up across different technology sectors including new and emerging areas.
o For designing, fabrication and validation of proof of concept, and further scaling up Technology Clusters, harbouring test beds and small scale manufacturing facilities to be established.
o Mapping of India’s genetic landscape- Two new national level Science Schemes to be initiated to create a comprehensive database.
o Early life funding proposed, including a seed fund to support ideation and development of early stage Start-ups.
Rs.8000 crore proposed over five years for National Mission on Quantum Technologies and Applications.
Caring Society
Focus on:
o Women & child,
o Social Welfare;
o Culture and Tourism
Allocation of Rs. 35,600 crore for nutrition-related programmes proposed for the FY2020-21.
Rs.28, 600 crore proposed for women specific programs.
Issue about age of a girl entering motherhood – proposed to appoint a task force to present its recommendations in six months’ time.
Financial support for wider acceptance of technologies, identified by Ministry of Housing and Urban Affairs to ensure no manual cleaning of sewer systems or septic tanks, to be provided.
Rs. 85, 000 crore proposed for 2020-21 for welfare of Scheduled Castes and Other Backward Classes.
Rs. 53, 700 crore provided to further development and welfare of Scheduled Tribes.
Enhanced allocation of Rs. 9,500 crore provided for 2020-21 for senior citizens and Divyang.
Culture & Tourism
Allocation of Rs. 2500 crore for 2020-21 for tourism promotion.
Rs.3150 crore proposed for Ministry of Culture for 2020-21.
An Indian Institute of Heritage and Conservation under Ministry of Culture proposed; with the status of a deemed University.
5 archaeological sites to be developed as iconic sites with on-site Museums:
o Rakhigarhi (Haryana)
o Hastinapur (Uttar Pradesh)
o Shivsagar (Assam)
o Dholavira (Gujarat)
o Adichanallur (Tamil Nadu)
Re-curation of the Indian Museum in Kolkata, announced by Prime Minister in January 2020.
Museum on Numismatics and Trade to be located in the historic Old Mint building in Kolkata.
4 more museums from across the country to be taken up for renovation and re-curation.
Support for setting up of a Tribal Museum in Ranchi (Jharkhand).
Maritime museum to be set up at Lothal- the Harrapan age maritime site near Ahmedabad, by Ministry of Shipping.
State governments expected to develop a roadmap for certain identified destinations and formulate financial plans during 2021 against which specified grants to be made available to the States in 2020-21.
Environment & Climate Change
Allocation for this purpose to be Rs.4400 crore for 2020-21.
Proposed to advise the utilities to close the running old thermal power plants with carbon emission above the pre-set norms.
States that are formulating and implementing plans for ensuring cleaner air in cities above one million to be encouraged.
PM launched Coalition for Disaster Resilient Infrastructure (CDRI) with Secretariat in Delhi. Second such international initiative after International Solar Alliance.
Governance
Clean, corruption-free, policy driven, good in intent and most importantly trusting in faith.
Taxpayer Charter to be enshrined in the Statute will bring fairness and efficiency in tax administration.
Companies Act to be amended to build into statues, criminal liability for certain acts that are civil in nature.
Other laws with such provisions are to be corrected after examination.
Major reforms in recruitment to Non-Gazetted posts in Government and Public sector banks:
An independent, professional and specialist National Recruitment Agency (NRA) for conducting a computer-based online Common Eligibility Test for recruitment.
A test-centre in every district, particularly in the Aspirational Districts.
A robust mechanism to be evolved for appointment including direct recruitment to various Tribunals and specialised bodies to attract best talents and professional experts.
Contract Act to be strengthened.
New National Policy on Official Statistics to:
Promote use of latest technologies including AI.
Lay down a road-map towards modernised data collection, integrated information portal and timely dissemination of information.
A sum of Rs. 100 crore allocated to begin the preparations for G20 presidency to be hosted in India in the year 2022.
Development of North East region:
Improved flow of funds using online portal by the Government.
Greater access to financial assistance of Multilateral and Bilateral funding agencies.
Development of Union Territories of J&K and Ladakh:
An amount of Rs. 30,757 crore provided for the financial year 2020-21.
o The Union Territory of Ladakh has been provided with Rs. 5,958.
Financial Sector
Reforms accomplished in PSBs :
10 banks consolidated into 4.
Rs. 3,50,000 crore capital infused.
Governance reforms to be carried out to bring in transparency and greater professionalism in PSBs.
Few PSBs to be encouraged to approach the capital market to raise additional capital
Deposit Insurance and Credit Guarantee Corporation (DICGC) permitted to increase Deposit Insurance Coverage to Rs. 5 lakh from Rs.1 lakh per depositor.
Scheduled Commercial Bank’s health under monitoring through a robust mechanism, keeping depositors’ money safe.
Cooperative Banks to be strengthen by amending Banking Regulation Act for:
Increasing professionalism.
Enabling access to capital.
Improving governance and oversight for sound banking through the RBI.
NBFCs eligibility limit for debt recovery reduced from:
Rs. 500 crore to Rs 100 crore asset size.
Rs 1 crore to Rs 50 lakh loan size.
Private capital in Banking system:
Government to sell its balance holding in IDBI Bank to private, retail and institutional investors through the stock exchange.
Easier mobility in jobs:
Auto-enrolment in Universal Pension coverage.
Inter-operability mechanism to safeguard the accumulated corpus.
Pension Fund Regulatory Development Authority of India Act to be amended to:
Strengthen regulating role of PFRDAI.
Facilitate separation of NPS trust for government employees from PFRDAI.
Enable establishment of a Pension Trust by the employees other than Government.
Factor Regulation Act 2011 to be amended to:
Enable NBFCs to extend invoice financing to the MSMEs through TReDS
New scheme to provide subordinate debt for entrepreneurs of MSMEs by the banks
Would be counted as quasi-equity.
Would be fully guaranteed through the Credit Guarantee Trust for Medium and Small Entrepreneurs (CGTMSE).
The corpus of the CGTMSE would accordingly be augmented by the government.
Window for MSME’s debt restructuring by RBI to be extended by one year till March 31, 2021.
More than five lakh MSMEs have already been benefitted.
An app-based invoice financing loans product for MSMEs to be launched.
To prevent the problem of delayed payments and consequential cash flows mismatches.
Export promotion of MSMEs:
For selected sector such as pharmaceuticals, auto components and others.
An Rs 1000 crore scheme anchored by EXIM Bank together with SIDBI.
o Hand holding support for technology upgradations, R&D, business strategy etc.
Financial Market
Deepening Bond Market.
Certain specified categories of Government securities to be opened fully for non -resident investors also.
FPI limit in corporate bonds increased to 15% from 9% of its outstanding stock.
New legislation to be formulated for laying down a mechanism for netting of financial contracts.
Scope of credit default swaps to expand.
Debt Based Exchange Traded Fund expanded by a new Debt-ETF consisting primarily of Government Securities.
To give attractive access to retail investors, pension funds and long-term investors.
A Partial Credit Guarantee scheme for the NBFCs formulated post the Union budget 2019-20 to address their liquidity constraints.
New mechanism to be devised to further this.
o Government support to securities so floated.
Infrastructure Financing
Rs.103 lakh crore National Infrastructure Pipeline projects earlier announced.
Rs 22,000 crore to cater to the equity support to Infrastructure Finance Companies such as IIFCL and a subsidiary of NIIF.
IFSC, GIFT city: full of potential to become a centre of international finance as well as a centre for high end data processing:
o An International Bullion exchange(s) to be set up as an additional option for trade by global market participants with the approval of regulator.
Disinvestment
Government to sell a part of its holding in LIC by way of Initial Public Offer (IPO).
Fiscal Management
XV Finance Commission (FC):
o XV Finance Commission has given its first report for FY2020-21
o Recommendations accepted in substantial measure
o Its final report for five years beginning 2021-22 to be submitted during the latter part of the year.
GST Compensation Fund:
o Balances due out of collection of the years 2016-17 and 2017-18 to be transferred to the Fund, in two instalments.
o Hereinafter, transfers to the fund to be limited only to collection by way of GST compensation cess.
Overhaul of Centrally Sponsored Schemes and Central Sector Schemes necessary:
o To align them with emerging social and economic needs of tomorrow
o To ensure that scarce public resources are spent optimally
On the recent debate over transparency and credibility of projected fiscal numbers, it is assured that procedure adopted is compliant with the FRBM Act.
For the FY 2019-20:
o Revised Estimates of Expenditure: at Rs.26.99 lakh crore
o Revised Estimates of Receipts: estimated at Rs.19.32 lakh crore.
For year 2020-21:
o Nominal growth of GDP estimated at 10%.
o Receipts: estimated at Rs.22.46 lakh cr
o Expenditure: at Rs.30.42 lakh cr.
Significant tax reforms for boosting investments recently undertaken. However, expected tax buoyancy expected to take time.
Fiscal deficit of 3.8% estimated in RE 2019-20 and 3.5% for BE 2020-21. It comprises two ingredients;
o 3.3% for year 2019-20 and 3% for the 2020-21 budget estimate.
o Deviation of 0.5%, consistent with Section 4(3) of FRBM Act, both for RE 2019-20 and BE 2020-21. (Section 4 (2) of the FRBM Act provides for a trigger mechanism for a deviation from the estimated fiscal deficit on account of structural reforms in the economy with unanticipated fiscal implications.)
o Return path, committing to fiscal consolidation without compromising needs of investment out of public funds, is laid in Medium Term Fiscal Policy cum Strategy Statement.
o Market borrowings: Net market borrowings: Rs.4.99 lakh crore for 2019-20 and Rs.5.36 lakh crore for 2020-21.
A good part of the borrowings for the financial year 2020-21 to go towards Capital expenditure that has been scaled up by more than 21%.
Direct Tax
Direct Tax Proposals – To stimulate growth, simplify tax structure, bring ease of compliance, and reduce litigations.
Personal Income Tax:
Significant relief to middle class taxpayers.
New and simplified personal income tax regime proposed:
Taxable Income Slab (Rs.) Existing tax rates New tax rates 0-2.5 Lakh Exempt Exempt 2.5-5 Lakh 5% 5% 5-7.5 Lakh 20% 10% 7.5-10 Lakh 20% 15% 10-12.5 Lakh 30% 20% 12.5-15 Lakh 30% 25% Above 15 Lakh 30% 30%
Around 70 of the existing exemptions and deductions (more than 100) to be removed in the new simplified regime.
Remaining exemptions and deductions to be reviewed and rationalised in coming years.
New tax regime to be optional – an individual may continue to pay tax as per the old regime and avail deductions and exemptions.
Measures to pre-fill the income tax return initiated so that an individual who opts for the new regime gets pre-filled income tax returns and would need no assistance from an expert to pay income tax.
New regime to entail estimated revenue forgone of Rs. 40,000 crore per year.
Corporate Tax:
Tax rate of 15% extended to new electricity generation companies.
Indian corporate tax rates now amongst the lowest in the world.
Dividend Distribution Tax (DDT):
DDT removed making India a more attractive investment destination.
Deduction to be allowed for dividend received by holding company from its subsidiary.
Rs. 25,000 crore estimated annual revenue forgone.
Start-ups:
Start-ups with turnover up to Rs. 100 crore to enjoy 100% deduction for 3 consecutive assessment years out of 10 years.
Tax payment on ESOPs deferred.
MSMEs to boost less-cash economy:
Turnover threshold for audit increased to Rs. 5 crore from Rs. 1 crore for businesses carrying out less than 5% business transactions in cash.
Cooperatives:
Parity brought between cooperatives and corporate sector.
Option to cooperative societies to be taxed at 22% + 10% surcharge and 4% cess with no exemption/deductions.
Cooperative societies exempted from Alternate Minimum Tax (AMT) just like Companies are exempted from the Minimum Alternate Tax (MAT).
Tax concession for foreign investments:
100% tax exemption to the interest, dividend and capital gains income on investment made in infrastructure and priority sectors before 31st March, 2024 with a minimum lock-in period of 3 years by the Sovereign Wealth Fund of foreign governments.
Affordable housing:
Additional deduction up to Rs. 1.5 lakhs for interest paid on loans taken for an affordable house extended till 31st March, 2021.
Date of approval of affordable housing projects for availing tax holiday on profits earned by developers extended till 31st March, 2021.
Tax Facilitation Measures
Instant PAN to be allotted online through Aadhaar.
‘Vivad Se Vishwas’ scheme, with a deadline of 30th June, 2020, to reduce litigations in direct taxes:
Waiver of interest and penalty – only disputed taxes to be paid for payments till 31st March, 2020.
Additional amount to be paid if availed after 31st March, 2020.
Benefits to taxpayers in whose cases appeals are pending at any level.
Faceless appeals to be enabled by amending the Income Tax Act.
For charity institutions:
Pre-filling in return through information of donations furnished by the done.
Process of registration to be made completely electronic.
Unique registration number (URN) to be issued to all new and existing charity institutions.
Provisional registration to be allowed for new charity institutions for three years.
CBDT to adopt a Taxpayers’ Charter.
Losses of merged banks:
Amendments proposed to the Income-tax Act to ensure that entities benefit from unabsorbed losses and depreciation of the amalgamating entities.
Indirect Tax
GST:
Cash reward system envisaged to incentivise customers to seek invoice.
Simplified return with features like SMS based filing for nil return and improved input tax credit flow to be implemented from 1st April, 2020 as a pilot run.
Dynamic QR-code capturing GST parameters proposed for consumer invoices.
Electronic invoice to capture critical information in a centralized system to be implemented in a phased manner.
Aadhaar based verification of taxpayers being introduced to weed out dummy or non-existent units.
GST rate structure being deliberated to address inverted duty structure.
Customs Duties:
Customs duty raised on footwear to 35% from 25% and on furniture goods to 25% from 20%.
Basic customs duty on imports of news print and light-weight coated paper reduced from 10% to 5%.
Customs duty rates revised on electric vehicles and parts of mobiles.
5% health cess to be imposed on the imports of medical devices, except those exempt from BCD.
Lower customs duty on certain inputs and raw materials like fuse, chemicals, and plastics.
Higher customs duty on certain goods like auto-parts, chemicals, etc. which are also being made domestically.
Trade Policy Measures
Customs Act being amended to enable proper checks of imports under FTAs.
Rules of Origin requirements to be reviewed for certain sensitive items.
Provisions relating to safeguard duties to be strengthened to enable regulating such surge in imports in a systematic way.
Provisions for checking dumping of goods and imports of subsidized goods being strengthened.
Suggestions for reviews of exemptions from customs duty to be crowd-sourced.
Excise duty proposed to be raised on Cigarettes and other tobacco products, no change made in the duty rates of bidis.
Anti-dumping duty on PTA abolished to benefit the textile sector.
Unprecedented Milestones and Achievements of Indian Economy
India now the fifth largest economy of the world.
7.4% average growth clocked during 2014-19 with inflation averaging around 4.5%.
271 million people raised out of poverty during 2006-16.
India’s Foreign Direct Investment elevated to US$ 284 billion during 2014-19 from US$ 190 billion during 2009-14.
Central Government debt reduced to 48.7% of GDP (March 2019) from 52.2% (March 2014).
Two cross-cutting developments:
Proliferation of technologies (Analytics, Machine Learning, robotics, Bio-informatics and Artificial Intelligence).
Highest ever number of people in the productive age group (15-65 years) in India.
GST removed many bottlenecks in the system.
Future Aim for sustaining India’s unique global leadership, driven by Digital Revolution
Seamless delivery of services through Digital Governance.
Improvement in physical quality of life through National Infrastructure Pipeline.
Risk mitigation through Disaster Resilience.
Social security through Pension and Insurance penetration.
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