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

Govt announces strategic collaboration to empower Atal Tinkering Lab schools

Atal Innovation Mission, NITI Aayog and All India Council for Technical Education (AICTE), and Ministry of Education’s Innovation Cell has announced their strategic collaboration which aims to empower Atal Tinkering Lab school (ATLs) students for world-class future-ready

Agriculture Min signs MoU with Microsoft to develop smart interface for farmers

Union Ministry of Agriculture and Microsoft India has inked a Memorandum of Understanding (MoU) for a pilot project in 100 villages of six states to develop farmer interface for smart and well-organized agriculture, including post-harvest management and distribution. The pilot

NIXI inaugurates new initiatives to improve IPV6 adoption

Ajay Prakash Sawhney, Secretary Ministry of Electronics & Information Technology (MeitY) & Chairman NIXI has inaugurated three initiatives of the National Internet Exchange of India (NIXI). With this launch, NIXI has announced to play a supporting role for the IPv6 aw

India’s Second Wave crosses 2-lakh milestone

The Second Wave in India seems unstoppable. The number of daily new cases crossed the 2,00,000 figure on Thursday morning, which is the highest ever anywhere in the world. Most of the burden – 81 percent cases – is from ten states with Maharashtra continuing to lead the tally. The national capi

Govt approves stepping up of Remdesivir Drug production

The government has reviewed the issue of availability of Remdesivir Drug and has decided to increase the production and decrease the price of the drug. The government has​ also issued a ban on its export. Remdesivir is the first drug approved by the FDA for treating the SAR

NCSC Online Grievance Management Portal for scheduled castes

Union Minister for Communication & IT and Law & Justice Ravi Shankar Prasad launched the Online Grievance Management Portal of National Commission for Scheduled Castes (NCSC) in the presence of Minister of State for Social Justice & Empowerment Shri Rattan Lala Kata

Visionary talk series with Nupur Sharma, National Spokesperson, BJP



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter