Discover and read the best of Twitter Threads about #budgetsession2020

Most recents (12)

Currently in discussion in #LokSabha: The Institute of Teaching and Research in Ayurveda Bill, 2020.

The Bill seeks to merge three Ayurveda institutes into one- Institute of Teaching and Research in Ayurveda. The Bill also declares it as an institution of National Importance.

It will be situated in the campus of Gujarat Ayurved University, Jamnagar.

Read 6 tweets
Earlier, in #LokSabha, FM also outlined a 7-point plan to boost consumption:

1. Minimum Support Price (MSP) increased for all mandated Rabi and Kharif crops for 2019-20

2. PM- KISAN extended to all farmers irrespective of holding size. Rs. 50,000 cr has reached 8.1 cr farmers.
3. To extend social security, the government has approved a new scheme for providing pension to the trader community.

4. GST rate on all electric vehicles reduced to 5% from 12%.

#BudgetSession2020 #BudgetSession
5. Dividend Distribution Tax has been removed

6. Corporate tax will also give money in the hands of people who are retail shareholders

7. Alternative personal income tax rates will benefit and give more money for consumption


#BudgetSession2020 #BudgetSession
Read 3 tweets
In #LokSabha, FM outlined a 13-point plan to improve public and private investments:

1. The amendment to IBC helped fast tracking the insolvency resolution process

2. Rs.103 lakh cr worth of projects have been announced in the National Infrastructure Pipeline

3. Reduced corporate tax rate for domestic companies to 22% without any exemptions; Minimum Alternative Tax removed

4. Infusion of Rs. 60,314 crore till November 2019 into public sector banks

5. Strong banks are an imperative to achieve the $5 trillion economy. Efficiency gains from the consolidation of public banks exercise is expected to bring down the cost of lending

Read 9 tweets
Congress moves adjournment motion in Lok Sabha against BJP MP Anant Hegde for his statement calling Mahatma Gandhi’s freedom struggle “Drama”

Parliament LIVE blog:

#LokSabha adjourned till noon

Parliament LIVE blog:
Opposition MPs raise slogans against the Citizenship Amendment Act (CAA) and National Register of Citizens (NRC) in Rajya Sabha.
Read 6 tweets
Long thread on Indian Budget 2020-21. Let’s be cynical for a change & question the rationale of initiatives. Because I can’t understand some things the way they are. I’m sure however that we as a nation do believe in good luck. Else we seem to be cruising without compass.
If you couldn’t understand why we needed 2.5 hours speech to convey this budget, you’re not alone. To simplify, GDP = Consumption + Investment + Govt spends + (Exports – Imports).We need all cylinders to fire, for #India with highest working age population in the world.Let's see
Basics first:
On a Rs 30.4 lac cr budget, govt will earn 74% & borrow rest 26%. Of this, 23% will be spent on interest payments. On balance 77%, Defense takes 11%, police forces 4%, subsidies 7%, Railways 7%, tax administration 5%, pensions 7%.
Read 26 tweets

What did #famers get in #Budget, where @nsitharaman claimed, "Our Govt is committed to the goal of doubling farmers income by 2022"

P.S-Acc to Dalwai committee,"real income of farmer, should increase by 10.4%/year,which has been increasing less than 2.5% in last 5 years
@nsitharaman @_YogendraYadav @aviksahaindia @sayantanbera @seemay @Ghair_Kanooni @Subytweets @sritara @srinivasanravi @DrSarvapriya @RURALINDIA Govt allocates 9.3% of the budget to #Agri, allied,irrigation & #rural development, which was 9.8% last year. Factoring Inflation, Real Increase in allocation is actually negative.

Is this enough ?
Will this increase #farm income, prop up #rural demand ?

@mkvenu1 @PreetiSMenon
@nsitharaman @_YogendraYadav @aviksahaindia @sayantanbera @seemay @Ghair_Kanooni @Subytweets @sritara @srinivasanravi @DrSarvapriya @RURALINDIA @mkvenu1 @PreetiSMenon Govt allocated 1.58 lakh crore to #agri, allied sectors & irrigation i.e. 5.2% of the total budget. Last years budget had allocated 1.52 lakh crore, which was 5.45% of the budget i.e. reduced spending !

👉Will this double #farm income by 2022 ?🙄
@rssurjewala @MonaAmbegaonkar
Read 17 tweets
To attract talented teachers, innovate and build better labs, steps will be taken to enable sourcing, external commercial borrowings and FDI to deliver higher quality education

#BudgetSession2020 #Education

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For improving employment opportunities of students in general streams, 150 higher education institutions will start apprenticeship embedded degree diploma courses by March 2021
#BudgetSession2020 #education
Urban Local bodies across country will provide fresh engineers a one year internship opportunity

#Budget2020 #education
Read 7 tweets
148 km Bengaluru Suburban Transport Project at Rs 18,600 crores - Central govt will provide 20 pc equity and facilitate external assistance upto 60 pc of project cost

#BudgetSession2020 #suburbantrain
@NewIndianXpress @XpressBengaluru @BlrSuburbanRail
Setting up large solar power capacity alongside railtracks on railways owned land is under consideration

4 station redevelopment projects & operation of 150 passenger trains would be done via PPP mode

#BudgetSession2020 #railway
@NewIndianXpress @XpressBengaluru
More Tejas type trains to connect Iconic tourist destinations

High speed trains between Mumbai and Ahmedabad will be actively pursued

#BudgetSession2020 #railways
Read 3 tweets
“மண் பறித்து உண்ணேல்”

நிதித்துறை அமைச்சர் தாக்கல் செய்யும் நிதிநிலை அறிக்கையில் அடுத்தடுத்து அதிர்ச்சிகள் வெளிவந்து கொண்டிருக்கிறது.

இம்முறை பொருளாதாரம் தாண்டி வரலாறு பண்பாடு என்று தனது தாக்குதல் எல்லையை விரிவாக்கிக்கொண்டிருக்கிறார்.

"சரஸ்வதி சிந்து நாகரிகம்” என்று புதுப்பெயர் சூட்டி இதுவரை நடந்த ஆய்வுகளையும், நிரூபணங்களையும் முற்றிலும் மாற்றி அமைக்க நினைக்கிறார்.
வேத பண்பாட்டினை சரஸ்வதி நாகரிகம் என பெயர்சூட்டி அதனை சிந்துவெளி நாகரிகத்தின் மீது பொருத்த தொடர்ந்து இந்துத்துவா வாதிகள் முயற்சி செய்து வருகிறார்கள்
அந்த முயற்சியின் அதிகாரபூர்வமான குரலாக நிதியமைச்சரின் குரல் அவையில் எதிரொலிக்கிறது.

நாகரிகத்தின் அடிப்படை அடையாளம் செங்கலும், பானையும் கண்டுபிடித்ததில் இருக்கிறது. ஆனால் வேதத்தில் செங்கலையும் பானையையும் செய்பவர்களை அசுரர்கள் என்று வசைபாடப்படுகிறார்கள்.
Read 7 tweets
Significant relief to tax payers and middle class : @nsitharaman
New simplified personal income tax regime --
Rs 4 - 7.5 lakhs 10 percent IT ( 20 percent today)
Rs 7.5 - 10 lakhs income 15 pc IT (20 percent today)

#Budget2020 #incometax
@NewIndianXpress @XpressBengaluru

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Rs 10 - 12.5 lakhs income 20 pc IT ( 30 percent today)

Rs 12.5 - 15 lakhs 25 pc IT ( 30 pc today)

Rs 15+lakh at 30 pc

Upto Rs 5 lakhs zero pc IT (Zero even in old regime)


#BudgetSession2020 #incometax
Imported foot wear and furniture to get more expensive with higher duty
Read 3 tweets
Budget woven around three aspects - aspirational india, Economic development, caring society : @nsitharaman
#Budget2020 Image
Krishi Udaan will be launched by Ministry of civil aviation on international and national routes for value realisation of produce
Propose raising fish production to 200 lakh tonnes.
#fisheries #Budget2020
Read 19 tweets
LIVE blog: Finance Minister Nirmala Sitharaman to present Budget 2020 at 11 am…
Copies of the Union Budget reach Parliament. Follow all live updates on #Budget2020 here:…
Live now: Union Finance Minister Nirmala Sitharaman tables 15th Finance Commission panel report. #Budget2020…
Read 93 tweets

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