New Delhi: Amid expectations that the Modi Government will bring major reforms, finance minister Nirmala Sitharaman in her Budget for 2020-21 in the Lok Sabha allocated a whopping ₹1.7 lakh crore for building transport infrastructure.
She also emphasised on education and health sector to propel the economy by proving ₹99,300 cr and ₹69,000 cr.
Keeping eye on the backward class, she allocated ₹85,000 crore for them.
Other Major Announcements:
• 5 archeological sites will be developed as iconic sites with on-site museum
• National Gas Grid to be expanded from 16,200 km to 27,000 km; reforms to be introduced to deepen gas markets, enable ease of transactions and transparent price recovery.
• There shall be no manual cleaning of sewers. Suitable technology identified.
• All states and UTs to replace conventional energy meters by pre-paid smart meters in 3 years, this will give consumers the freedom to choose supplier and rate as per their requirements.
• ₹22,000 crore to be provided to power and renewable energy sector in 2020-21: Budget
• ₹6000 crore allotted to Bharat Net programme: FM Sitharaman
• Beti Bachao, Beti Padhao has yielded tremendous results: FM
• High-speed train between Mumbai and Ahmedabad will be actively pursued: Sitharaman.
• National Logistics Policy will soon be released, creating single window e-logistics market: FM
• Steps will be be taken to attract external commercial borrowing and FDI in the education sector
• Budget allocates ₹27,300 crore for development of industry and commerce.
• Digital refund of duties and taxes of Centre, states and local bodies to exporters from this year
• National Technical Textiles Mission to be introduced, with a four-year implementation period, with an outlay of ₹1,480 crore
• More Tejas-type trains will connect tourist stations: FM
• Delhi-Mumbai expressway will be completed by 2023
• ₹3.6 lakh crore allocated for Jal Jeevan Mission.
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