TMI BlogBirds eye view - budget updatesX X X X Extracts X X X X X X X X Extracts X X X X ..... Birds eye view - budget updates - By: - CS Swati Dodhi - Budget - Dated:- 6-7-2019 - - Highlights of Union Budget for 2019-20 POINTS OF VISION 1) Building social infrastructure among 10 points of vision 2) Building pollution-free environment among 10 points of vision 3) Digital India in every sector among 10 points of vision 4) Make in India with stress on MSME in 10 points of vision 5) Water management, clean rivers among 10 points of vision 6) Export of food grain in 10 points of vision 7) Ayushman Bharat, clean India among 10 points of vision 8) Space programmes, safety of citizen in 10 points of vision GROWTH, INFLATION 1) Well within capacity to reach $5-trln economy in few years 2) India to become $3-trln eco ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nomy in FY20 3) India now 6th largest economy vs 11th five years ago REFORMS 1) Need to continue undertaking structural reforms 2) Need to continue structural reforms to reach $5-trln aim 3) Need to invest in job creation in MSMEs 4) Need to invest heavily in digital India, job creation 5) $5-trln economy target is imminently achievable 6) Gone are the days of policy paralysis 7) Wish to propose many initiatives to kick-start growth 8) Reforms needed in power tariffs 9) To soon announce policy package for power tariffs 10) Model tenancy law to soon be finalised 11) Propose several reform measures for rental housing 12) PPP to fast develop track, rolling stock, freight svcs 13) To have blueprint for water grids, gas grid ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s, airways 14) Examining performance of UDAY scheme 15) One nation, one grid to ensure power connectivity 16) 2 more terminals at Sahibganj, Haldia to be functional soon 17) Movement of cargo in river Ganga to rise 4 times in 4 yrs FINANCIAL SECTOR, MARKETS 1) FDI inflows remain robust despite global headwinds 2) Important to increase retail invest in T-bills 3) Propose to create platform for listing social enterprises 4) To work with regulators for AA bonds as collateral for repo 5) Asked SEBI to mull hiking minimum public shareholding to 35% 6) Propose to rationalise existing KYC norms for FPIs 7) India needs 20-trln-rupee estimated investment every year 8) To put in place action plan to deepen long-term bond mkt 9) Acti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on plan to deepen market for long-term bonds 10) Invest driven growth requires access to low-cost capital 11) To create payment platform for MSMEs 12) Large infrastructure can be built on land owned by CPSEs 13) To allow FPIs to subscribe to listed debt papers of REITs 14) Propose to merge NRI, FPI investment scheme routes 15) To mull hiking FDI limit in media, insurance, animation cos 16) Contemplating an annual global investors meet in India 17) Propose 100% FDI in insurance intermediaries 18) To examine suggestions to further open up FDI in aviation 19) FDI flows rose 6% to $64.37 bln in FY19 20) Propose to make India a more attractive FDI destination 21) To take steps for RBI, SEBI depositories' inter-operability 22) To ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... allow FPIs to subscribe to listed debt papers of REITs 23) Propose to merge NRI, FPI investment scheme routes 24) To mull hiking FDI limit in media, insurance, animation cos 25) Contemplating an annual global investors meet in India 26) Propose 100% FDI in insurance intermediaries 27) To examine suggestions to further open up FDI in aviation 28) FDI flows rose 6% to $64.37 bln in FY19 29) Propose to make India a more attractive FDI destination 30) To take steps for RBI, SEBI depositories' inter-operability 31) To allow FPI invest in listed debt securities of InvITs INFRASTRUCTURE, INDUSTRY 1) Need to invest heavily in infrastructure 2) Rail infra may need investment of 50 trln rupees 2018-2030 3) 2nd stage of Bharatmal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a to help develop state roads 4) To incentivise advanced vehicle battery manufacturing 5) Need to develop inland waterways for cargo movement 6) To comprehensively restructure national highway programme 7) To comprehensively restructure national highway programme 8) 210 km of new metro lines operationalised in 2019 9) Launching national common mobility card 10) To leverage engineering skill for project maintenance work 11) Public infra, affordable housing to be taken up in FY20 12) To aid cluster-based development of traditional industries 13) To use more PPP mode for metro rail network 14) Railways to be encouraged to use SPVs for suburban projects 15) To use USOF, PPP mode for speeding up BharatNet FARM SECTOR 1) Every r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ural family to have gas, power connectivity by 2022 2) All rural families to have electricity connection by 2022 3) Govt keeps Antyodaya at core of all its policies 4) Villages, poor, farmers at centre of every govt plan 5) To invest widely in agriculture infrastructure 6) Bamboo, khadi, honey to be focus for cluster development 7) To invest 802.5 bln rupees to upgrade rural roads in 5 years 8) To upgrade 125,000 km of rural roads in 5 years 9) 30,000 km roads under PM Sadak Yojana built with green technology 10) All-weather roads provided to 97% of habitation 11) To have robust framework for fisheries mgmt network 12) 19.5 mln homes to be given till 2022 in PM rural house plan 13) 15 mln homes completed under PM rural house pla ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n 14) APMCs shouldn't hamper farmers from getting fair price 15) Zero-budget farming to be promoted 16) Hope to form 10,000 farmer producer organisations 17) Aiming oilseed self sufficiency, to help cut import bill 18) Ease of doing business, living should apply to farmers too 19) To create infrastructure for cattle feed manufacturing 20) Will support private companies to add value for farm producers 21) Zero-budget farming can help double farmers' income SOCIAL SECTOR, EDUCATION 1) See rapid urbanisation as an opportunity, not challenge 2) Constructed 96 mln toilets since Oct 2, 2014 3) To expand Swachh Bharat plan to undertake solid waste mgmt 4) India to be open-defecation-free by Oct 2 5) Over 95% cities have b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ecome open-defecation free 6) Identified 1,592 blocks for Jal Shakti Abhiyan 7) To use CAMPA funds for Jal Shakti plan 8) Aim water connection to every household by 2024 9) To set up national research foundation to assimilate all grants 10) To bring new national education policy 11) Will bring in new national educational policy 12) To focus on artificial intelligence, 3D printing 13) Propose to streamline multiple labour laws into 4 codes 14) To improve skills needed abroad like foreign languages 15) To present draft legislation for higher education 16) Propose 'Study in India' plan to bring in foreign students 17) Aim to start programme to bring foreign students to India 18) Regulations on higher education to be reform ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed 19) Allocated 4 bln rupees for world class institutions - - Scholarly articles for knowledge sharing authors experts professionals Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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