Union Budget 2020-21: Central tenet is Ease of Living

At the core are ideas of corruption-free, policy-driven good governance, clean and sound financial sector

GN Bureau | February 1, 2020


#Union Budget   #finance minister   #finance ministry   #Nirmala Sitharaman   #parliament   #economy   #society  
Sniffer dogs check the bundles of the budget documents in the parliament complex ahead of the budget presentation.
Sniffer dogs check the bundles of the budget documents in the parliament complex ahead of the budget presentation.

“Our prime minister has laid before us ‘Ease of Living’ as a goal to be achieved on behalf of all citizens,” said minister for finance Nirmala Sitharaman while presenting the union budget 2020-21 in parliament Saturday. With this backdrop, our government shall work towards taking the country forward so that we can leapfrog to the next level of health, prosperity and wellbeing,” she added. 

This budget, with the central tenet of Ease of Living for all citizens, is woven around three prominent themes:

* Aspirational India in which all sections of the society seek better standards of living, with access to health, education and better jobs. Its components are Agriculture Irrigation and Rural development; Wellness, Water & Sanitation; and Education & Skills.

* Economic development for all, indicated in the P’s exhortation of “Sabka Saath, Sabka Vikas, Sabka Vishwas”. This would entail pervasive economic reforms and yielding more space for the private sector to ensure higher productivity and greater efficiency. Three components of which are Industry, Commerce and Investment; Infrastructure; and the New Economy.

* A Caring Society, based on Antyodaya, which is both humane and compassionate. Three components of which are Women & Child, Social Welfare; Culture and Tourism and Environment & Climate Change.

These three broad themes are held together by corruption-free, policy-driven good governance and a clean and sound financial sector. The finance minister also said that this budget was being presented against the backdrop of two cross-cutting developments; namely, proliferation of technologies like Machine Learning, Robotics, AI, Analytics, Bio-Informatics; and the highest ever cohort of productive age population (15-65 years). Consequently, the digital revolution has placed India in a unique leadership position globally. The government aims to:

* Achieve seamless delivery of services through Digital governance
* Improve physical quality of life through National Infrastructure Pipeline
* Mitigate Risks through Disaster Resilience
* Boost Social security through Pension and Insurance penetration.

The FM also said that the budget reflects the government’s firm commitment to substantially boost investment in agriculture, infrastructure, social sector, education and health. This is substantiated by increase in expenditure of Rs 3,43,678 crores over Revised Estimates (2019-20) while keeping the fiscal deficit at 3.8% of GDP, she added.

Comments

 

Other News

Indian Railways celebrates 171 years of its pioneering journey

The Indian Railways is celebrating 171 glorious years of its existence. Going back in time, the first train in India (and Asia) ran between Mumbai and Thane on April 16, 1853. It was flagged off from Boribunder (where CSMT stands today). As the years passed, the Great Indian Peninsula Railway which ran the

Vasudhaiva Kutumbakam: How to connect businesses with people

7 Chakras of Management: Wisdom from Indic Scriptures By Ashutosh Garg Rupa Publications, 282 pages, Rs 595

ECI walks extra mile to reach out to elderly, PwD voters

In a path-breaking initiative, the Election Commission of India (ECI), for the first time in a Lok Sabha Election, has provided the facility of home voting for the elderly and Persons with Disabilities in the 2024 Lok Sabha elections. Voters above 85 years of age and Persons with Disabilities (PwDs) with 4

A fairly reasonable way to solve problems, personal and global

Reason to Be Happy: Why logical thinking is the key to a better life By Kaushik Basu Torva/Transworld, 224 pages

Is Nano-DAP a Catalyst for India’s Green Growth?

Nano Diammonium Phosphate, or Nano-DAP, is a revolutionary agricultural input that holds immense potential for transforming farming practices across varied agro-climatic zones in India. This innovative product is a nanoparticle-based formulation of diammonium phosphate, a widely used fertilizer in the agri

“Everyone, especially every woman, should’ve liberty of being themselves”

In February this year, yet another glass ceiling was broken, when Captain Shweta Singh became the first woman chief flight operations inspector (CFOI) at the Directorate General of Civil Aviation. Back then, in a social media post, Captain Singh had written: “The opportunity humbles me

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter