#energized or smt

[fuckingstrange]

Sometimes I'm lying in bed and I start feeling like I really really need to move. Or make noise. But I'm a usually quiet and still person, like I blend into the environment like some fucking chameleon and I don't enjoy oddly moving or making sound because then my presence is known.

What is this?? Am I just fucking weird or smt???

[squiddy-god]

I just thought of something as you mentioned monsters (i myself also drink energy drinks but hell is my fav) when Idia is in your guest room he says smt about energy drinks so imagine being with him spending time gaming and just discussing energy drinks flavours and brands. Or with Silver wolf, idk if she drinks but I have a feeling she does

I feel like they both absolutely drink energy drinks. The energy drinks in twst and hsr are probably absolutely wack too- like depending on where you get them it might be a hazard

Idia definitely has cans either in a collection or littered across his room (telling on myself) and silver wolf probably drinks mostly energy drinks. I like to imagine she gave blade one and it almost flared up the Mara- blade is banned from energy drinks.

Idia probably regrets all of orthos medical knowledge he comes equipped with because he's getting chewed out for his unhealthy consumption and lack of water 😔

I feel like the loufu has both the weakest and strongest Energy drinks (next to silver wolfs planet) it's either like lightly energized tea or the most diabolical energy drink that is infused with the power of the rainbow arbiter themself. This is mostly due to the youth of the xianzhou have just recently hopped on the trend of energy drinks

[michithing]

laying in bed all day doing fuck all... not even motivated enough to play viddy games.... or eat much. i would like to sleep.

"energielosigkeit" "schlappheit" if those even are words then i should try and ask a doctor about them. been feeling like that since about christmas? not feeling energized smt like that.

ALSO stupid part of my brain wants me to apply more testosterone for the day than needed. that part needs to shut up

[icharchivist]

weirdest mood ever to just. put scenario liar on repeat for the day.

I don’t know what kind of days do that but here I am.

[thesugarace]

Things my bf says that makes me think he’s Kaga in real life (aka Kaga quote hcs 😅)

[Walking up to him when I was half an hour late to our date]

“Someone better fucking died or it will be you”

[About the Anti-mask protests]

“Let them do what they want, it’s not proven that Covid can infect brainless worms”

[Telling him to stop pinching my cheeks]

“I watched that korean crap for you. Better give me a reward or I’ll make you regret making me sit through that shit”

[Accusing him of cheating in Monopoly]

“You got a lot of nerve, you half-witted ostrich”

[About a friend who wont stop annoying him]

“If he yaps at me one more time, I’ll write N.O. on a card and stick it onto his chest with a kitchen knife”

[About my ex who tried to get back with me]

“If he likes looking and shit, he better not even think about you or I’ll donate his freshly-plucked eyeballs to the hospital. I’d feed it to those know-it-all trash piglet interns.”

[Talking to him abt HLITF]

“How many men do you need to satisfy you, you kinky Energizer bunny?”

Bonus (we all need soft whipped Kaga in our lives)

[Pleading with him to watch another Korean drama with me]

“Dont you dare look at another guy like that. That look’s mine.”

[Yours truly trying to casually flex my swimsuit in front of him]

“You’re trying to turn me on, aren’t you?......................Fuck! it’s working” *CUE THE KAGA BLUSHING SPRITE*

[Making up after a fight]

“You’re too good to me.” THIS ONE I SAW KAGA SAYS IN ONE OF HIS SUBSTORIES TOO 🥺

[About us narrowly missing a disaster]

“I’d rather die than let you go through that again”

[After some tumultuous times]

“I’m not letting you go...dont you dare leave me”

Okay the bonus part is really hard because he and Kaga dont really express their affections verbally. My bf does it rarely and most of the times he does, he says smt personal so sorry there’s not much 😞

[bomhabay]

Best PCBA Manufacturing Equipment Services in India

PCB is a Printed Circuit Board. It's a significant electronic part, which is a help for electronic parts and a transporter for electrical associations between electronic parts. As it is created by printing the expected picture on the substrate, it is known as a "printed" circuit board. It's most usually produced utilizing copper-clad epoxy sap/glass material compound.

The PCB is frequently comprised of various layers with 4 and 6 being the most normally utilized, depending on the necessary number of sign layers.

At the point when countless PCBs must be made, odds are parts will not be physically bound manually. This is where proficient gathering houses like Seeed will step in, to assist with manufacturing both the uncovered sheets and collect every one of the parts onto the Printed Circuit Boards, or PCBs.

Best PCBA Manufacturing Equipment Services in India - Syrma SGS

Yet, have you at any point thought about how your makers can stick that monstrous number of small parts onto your PCBs? I have, yet that was until I needed to drive through passages of specialized language online about the apparatus that takes care of business. While there's nothing provocative about PCBA producing, understanding how the cerebrums of all hardware are made most certainly gives pleasure and a feeling of achievement. Heaps of thought go into each phase of the gathering system to convey an entirely working board. Furthermore, with the gadgets getting increasingly progressed, the hardware used to make PCBs are steadily improving and more energizing than at any other time.

Best PCBA Manufacturing Equipment Services in India - Syrma SGS

In PCB gathering, there are 4 primary phases of SMT, or Surface Mount Technology get together utilizing the reflow strategy, which are glue application, mechanized part situation, binding, and review. The essential gear expected for PCB gathering incorporates:

Bind Paste Printing machine

Bind Paste Inspection (SPI) machine

Stick Dispensing machine

Pick-and-Place machine

Reflow Soldering machine

Wave Soldering machine (for through-opening parts)

Programmed Optical Inspection (AOI) machine

In-Circuit Test (ICT) Fixture

Practical Validation Test (FVT) Fixture

Best PCBA Manufacturing Equipment Services in India - Syrma SGS

Bind Paste Printing Machine

The initial phase in PCB gathering is the use of bind glue onto the board. Bind glue is a dim shaded goo produced using a combination of minuscule particles of metal compounds; normally of tin, lead, and silver. Consider it a paste that will keep your finished board intact. Without it, parts wouldn't adhere to your uncovered board.

Patch glue (left), PCB stencil laser-cut openings (right)

Before the glue is applied, a PCB stencil is set over the board. A PCB stencil is a tempered steel sheet that has little laser-cut openings that permit patch glue to be applied exclusively to the region of the board where the parts contacts will ultimately sit on the completed PCB, for example, the SMD cushions.

During the use of patch glue, the PCB stencil and the PCB are gotten into a place in the mechanized glue printer. A wiper then, at that point, applies without lead weld glue on the cushions in exact sums. The machine then hauls a cutting edge across the stencil, to spread and store the glue equitably in the ideal regions. After the stencil is taken out, the patch glue will be precisely where we maintain that it should be (ideally).

Best PCBA Manufacturing Equipment Services in India - Syrma SGS

Weld Paste Inspection (SPI) machine

Various industry studies have brought up that up to 70% of SMD binding issues are followed back to inappropriate or inadequate patch glue printing. Thus, the subsequent stage is to check to assume that the binding glue is printed appropriately onto the board. While utilizing great bind glue printing strategies are in many cases enough for PCBs in low volumes, SPI ought to be thought about while producing higher volumes of PCB to stay away from high modification costs.

[insolationenergy12]

A genuine, heartfelt and humble Thanks to Govt, of India and Hon’ble Finance Minister Smt. Nirmala Sitharaman Ji for fueling the spirit of India’s Solar Industry. Your move to impose BASIC CUSTOM DUTY (BCD) on the import of Solar panels has not only given a big thrust to the ‘national’ solar players but has also catalyzed Make In India initiative. Meeting our delegation headed by Hon’ble Member of Parliament, Sh. Ram Charan Bohra Ji today, has reaffirmed our faith and has re-energized our resolve to make India one of the biggest sources of Alternative Green Power & Renewable Energy. #ThankYou #NirmalaSitharaman #GovtOfIndia #FinanceMinister #BasicCustomDuty #BCD #DelegationMeeting #ParliamentHouse #Gratitude #IndianSolarIndustry #MakeInIndia https://www.instagram.com/p/CbwYef5PrlS/?utm_medium=tumblr

[yesenwalk]

Rechargeable Torch Light Manufacturers Company in Pune

About Enwalk

'Technology has taken an immense jump in the course of recent decades and Enwalk emphatically accepts that technology is changing advancement at its center.' With the dispatch of Enwalk in 1995, a development started in the market of electronic gauging scales. Enwalk presented most recent plans for gauging scales which became benchmark for quite a long time to come. Key parts like Load Cells that were imported previously, before long discovered its assembling grounds in India. Our organization's principle accentuation was on advancement and customization according to showcase prerequisites. Innovative advancements abutted with techno-keen in-house plans made ready for future turns of events.

We are pioneers, our array of items enables individuals and organizations to develop at each stage.

At present, we have a total scope of electronic gauging scales, that we have produced remembering the principles set by the Weights and Measures Departments. From the determination stage to definite get together, we plan each item proficiently.

Enwalk has additionally expanded itself in the technology of the time, 'Driven lighting'. Through our spearheading lighting items, we are advancing and supporting 'Spare Energy' drive. With our top to bottom information on specialized plans, our 'Lighting Product' is assuming a significant part in the Indian market. In Enwalk, the in-your-face technocrats have made some other tech-accommodating items like Taxi meters, Load cells, LED shows, truck scales, following GPS to meet each conceivable need of clients.

Our framework is outfitted with most recent mechanical machines, for example SMT, CNC, Injection Molding, Hydraulic Power Press, Break-press , Shearing machines to give some examples. We additionally think about moderateness as a key factor, we cut costs any place conceivable so as to give the investment funds to our significant clients.

Enwalk Lighting

LEDs are the most recent and most energizing mechanical headway in the lighting business. LEDs are amazingly vitality proficient and expend up to 90% less force than radiant bulbs. LEDs convert about 80%-90% of the electrical vitality to light, while customary Light bulbs squanders 80% of vitality to warmth and utilize just 20% to light. Since LEDs utilize just a small amount of the vitality of a glowing light there is an emotional diminishing in power costs.

For more details:

http://enwalk.com/

[artoflivingoman-blog]

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[covenoflight]

I know this might be kinda weird to ask but I sometimes get bad cramps or just have a heavy period in general for the first two or three days and bc of that I feel icky and gross so I usually skip the gym or any form of exercise. But now I'm wondering if that's really not the best solution. How do you manage during this time of the month? Do you take a week off or a break from all these complicated yoga poses and forms of exercise? I also hate having to resort to Tylenol but smts it's all I hav

What I’ve learned from more and more self study and studying the moon, etc. is that the woman’s period serves as such a sacred time yet we start to shun it or deem it as unwanted or bad. Let your body rest if it needs it, if once month you feel energized then let that be your guide :) your body doesn’t have to go its hardest 100% of the time, nor should it. Let it be a time to honor the divine and sacred feminine. Sometimes I do inversions (some texts advise not to because the body needing gravity's assistance during this time, but I listen to my own body in this situation on what it wants) sometimes I don’t, sometimes I have the energy to do a hard practice, other times I want a restorative practice or solely meditative and pranayama. The body is doing extra work during this time and it's rather specifically focused, so it's normal to feel a little low on energy! I recommend a bath ritual with salts, crystals (if you wish), and perhaps an essential oil like lavender to help ease cramps and relax as well as a heating pad like one filled with rice or some grain that can be heated in the microwave and put across the sacral region. Helps me! Or a hot water bottle.

I also was turned onto Cramp Bark by a student. Comes as a liquid with a dropper and you put it in water. Has helped my cramps naturally!

I found that the more I honored that time and saw it as cleansing and renewing and took part in my own sacral healing, the less pain I suffered during my periods.

Maybe this is too hippie but…. it’s me! 😂💕✌🏻 hope any of this helps even in the slightest.

Xx

[marymosley]

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.

The post Highlights of Union Budget 2020-21 appeared first on Legal Desire.

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[ajitomghyan]

Budget 2020 Highlights Pdf Download | Union Budget 2020 Highlights Pdf

Budget 2020 Highlights Pdf Download | Union Budget 2020 Highlights Pdf

Budget 2020 Highlights Pdf Download | Union Budget 2020 Highlights Pdf, 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. Budget 2020 Highlights Pdf Download | Union Budget…

[magicalmakerrunaway]

KEY HIGHLIGHTS OF UNION BUDGET 2020-21.

KEY HIGHLIGHTS OF UNION BUDGET 2020-21.

KEY 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…

[ecopackindia]

KEY HIGHLIGHTS OF UNION BUDGET 2020-21

KEY HIGHLIGHTS OF UNION BUDGET 2020-21

Ministry of Finance

BUDGET 2020-2021

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…

[naaradpr]

SMT.POONAM MAHAJAN & AISHWARYA RAI BACHCHAN INAUGURATE ROUBLE NAGI’S ‘THE PARADISE GARDEN’ SCULPTURE IN BANDRA

“Our ability to perceive quality in Nature begins, as in art, with the pretty. It expands through successive stages of the beautiful to values as yet uncaptured by language.” – Aldo Leopold.

After the #BANDRA installation, Bandra seems to be finding more spaces for art installations. Smt.Poonam Mahajan – MP, Mumbai North Central and Mumbai Youth Forum along with Aishwarya Rai Bachchan inaugurated artist-social activist Rouble Nagi’s The Paradise Garden sculpture opposite Mehboob Studios, Bandra. The artwork which is initiated by Smt.Poonam Mahajan and Rouble Nagi, is supported by Ashish Shelar – MLA & President, BJP Mumbai and Sharad Ughade, Assistant Commissioner – H Ward BMC who were also present at the event alongside Madhukeshwar Desai and Asif Bhamla, President - Bhamla Foundation.

"Public art has the power to energize our public spaces, arouse our thinking and transform the places where we live, work and play into more welcoming, beautiful and interactive communities. Public art isn’t just art for the wealthy or those inclined to visit museums and gallery shows; it is art for everyone. As an artist, I seek solace and inspiration in Nature; Nature and Art are inseparably linked. Nowhere can we find as much inspiration, peace and solace as in Nature. We must respect the natural order of things and find a way to live accordingly. My latest installation is a tribute to nature, my eternal source of inspiration," said Rouble Nagi on her inspiration to create her current work of art.

"We plan to reach out to communities and neighbourhood through it, and realize the importance of Nature," avered Poonam Mahajan.

"I am very happy to be here to inaugurate this beautiful artwork by Rouble Nagi and the pleasure's been all mine. We are very thankful to Rouble for beautifying the city and as a Mumbaikar we are only too happy to join in this ongoing movement to beautify our city and have these wonderful art installations. As Rouble said, art is not for any exclusive section of society, it has to be enjoyed by all.... art becomes artwork with increased audience appreciation. Also the location for me has a personal significance as I have always lived in Bandra until I got married... And with Mehboob Studios right here where we have done so much work in the industry," enthused Aishwarya Rai Bachchan.

[marymosley]

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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