When it comes to the economy, dark days do loom large over India. May it be growth (lowest since 2008), inflation (highest in the last six years), or revenue collection (lowest in 10 years), the Indian economy is faltering. Hence, there is little leeway that can be assumed in the incumbent Union Budget 2020 (the first of the decade) if the economy needs to be boosted.
While presenting the decade's first Budget for India, finance minister Nirmala Sitharaman said on Saturday in Parliament:
Taxation
• AADHAR based tax verification introduced
• Review of customs duty exemptions in September 2020
• GST refund process simplified
• Electronic invoice implementation in phases
• New digital scheme for tax litigation
• PAN to be instantly allotted online against Aadhar
• Vivaad se Vishwas Scheme: Defaulter to pay only disputed tax and no penalty or interest by 31 March 2020, post which additional amount can be paid till June 2020
• Measure to promote affordable housing - tax holiday extended for developers
• Concession on real estate transactions
• Turnover threshold for audit raised to Rs 5 crore from 1 crore
• Company audit requirements eased
• Taxes on ESOPs (employee stock ownership) in start-ups deferred by 5 years
• 100% per cent tax exemption
• Corporate Tax at 15%
• Dividend Distribution Tax removed, dividend taxed only for recipients
• No tax for 0-5 lakh
• 30% above 15 lakh
• 25% for income between Rs 12.5-15 lakh
• 20% for income between Rs 10-12.5 lakh
• 15% for income between Rs 7.5-10 lakh
• 10% for income between Rs 5-7.5 lakh, against the prevailing 20%
• A new, optional simplified personal income tax regime for those not seeking exemptions
Major steps and initiatives taken by the government in finance
• 3.8 percent fiscal deficit estimated
• GDP nominal growth expected at 10 per cent
• Govt to sell part of holding LIC via IPO (initial public offering)- partial LIC disinvestment
• Partial credit guarantee for NBFCs
• New law for netting of financial contracts
• Mechanism to end liquidity crisis
• NRIs (non resident Indians) can invest in certain govt securities
Aspirational India: Caring society
• App-based invoice financing loans for MSMEs
• Amendment to Factoring Regulation Act to aid MSMEs
• Pension Fund Regulatory and Development Authority (PFRDI) Act amendments
• No criminal liabilities for civil acts
• Auto-enrolment in universal pension scheme
• 5958 cr allocated for Ladakh
• 30757 cr allocated for J&K
• Insurance for depositors raised to 5 lakh from 1 lakh
• Robust mechanisms in place to monitor all PSU banks
• Depositors’ money safe
• 100 cr for hosting G20 in 2022
• National Recruitment Agency to be set up
• Tax payers’ charter to be enshrined in statutes
• Amendments for Companies Act
• Tax payer charter proposed to free citizens from tax harassment
• Businesses should have confidence that system is fair
• 4400 crore allocation for clean air and climate change policy
• Aim to reduce carbon footprint - Warning to old thermal plants
• Committed to preserve environment, tackle climate change
• 23150 crore for culture ministry
• 2500 crore for tourism sector
• Institute of Heritage and Conservation to come up soon
• Aim to set up more museums
• 5 archaeological sites to be made iconic
• Proposal to end manual scavenging
• 53700 crore for welfare of STs
• 85000 crore for SCs and OBCs for 2021
• 35600 crore for nutritional schemes
• Gross enrollment ratio of girls higher than boys in elementary level
• Beti Bachao, Beti Padhao - tremendous results
Aspirational India: Infrastructure and economic development
• Further reforms for transparent price discovery for natural gas
• 22000 crore for power sector
• 8000 crore for quantum technology in next 6 years
• Two national level science schemes
• Expand Jan Aushadhi Scheme
• 1 lakh gram panchayats to be connected via Bharat Net
• 6000 crore for Bharat Net
• Data Centre parks to be set up across the country
• National Gas Grid to be expanded
• Reforms to help stressed DISCOMS (distribution companies)
• Delhi-Mumbai Expressway by 2023
• 100 more airports by 2024
• Plans to energise economic activity along river banks
• Need to enhance sea ports
• High Speed Mumbai-Ahmedabad train
• More Tejas-type trains
• 4 station redevelopment projects under PP model
• 2000 km of strategic highways to be built, 11000 km of track electrification
• Accelerated development of highways
• National Logistics Policy to be released soon
• Big push on infrastructure - 100 lakh crore
• National Technical Textiles Mission to be set up
• 1480 crore outlay for textile sector
• 27300 crore for industrial development by 2021
• Digital refund of duties for exporters
• Boost domestic manufacturing - electronic equipment, mobile phone, medical devices
• 5 new smart cities in collaboration with states
• Investment clearance cell to be set up for end to end facilitation
• Entrepreneurship has been the strength of India
Aspirational India: Education and skills
• High need for medical teachers and paramedics
• Internships for engineers in panchayats
• Rs 99300 cr for education sector
• Large hospitals to be encouraged to start PG courses
• Attach medical colleges to district hospitals
• National police university to be set up
• IND-SAT programme for overseas students for studying in India
• New courses in 159 universities by 2026
• Focus on education for jobs
• Propose a fresh education policy
• Urban local bodies should give opportunities to new engineers
• Education needs more finances
Aspirational India: Healthcare
• AI (artificial intelligence) to be used for Ayushman Bharat Scheme
• 69000 crore for health sector
• Propose to set up more hospitals
• Holistic vision for national healthcare
Aspirational India: Agriculture, Irrigation and rural development
• Need to liberalise farm markets
• 108 million metric tonne milk production by 2021
• 2.83 lakh cr allocation for agriculture and irrigation
• Propose raising fish production to 200 lakh tonne
• Zero budget national farming
• NABARD refinance scheme to be expanded
• Village credit card scheme
• Agriculture credit target for 2020 set at Rs 15 lakh crore
• Village storage scheme for farmers, zero budget natural farming
• Dhanya Lakshmi scheme for women in villages
• Krishi Udaan by civil aviation ministry for air transport of such commodities over longer distances
• Indian railways to set up 'kisan rail'
• Govt to provide help to geo-tag warehouses
• Financial inclusion has helped raise farm incomes
• Plan for 100 water stressed districts
• Scheme for 20 lakh farmers to set up solar pumps
• Doubling farm income - model agricultural land leasing act, balanced use of fertilisers, solar pumps for 20 lakh farmers
Budget 2020 and its three focuses
• Budget's first focus is 'Aspirational India'. Second focus: economic development for all. Third focus: building a caring society.
• FDI at 284 billion dollars, achieved 7.84% growth
• GST formalised the economy
• Efficiency gained in logistics
• 16 lakh new tax payers added
• Fundamentals of economy hold strong
• Scaled up implementation of pro-poor schemes
Key challenges FM faces
• India needs to grow by 9 per cent to 10 per cent a year to become the $5 trillion economy by 2024, as projected by the government. The government is now forecasting growth will come in at 5 per cent
• The IMF, which had originally predicted 6.1 per cent growth for India in 2019, has revised that downwards to 4.8 per cent
• The government’s likely to miss its fiscal deficit target for the current fiscal year of 3.3 per cent and hike its target to as much as 4 per cent for the next financial year
• India will struggle to achieve 5 per cent GDP growth in 2020 - Economist Steve Hanke, Johns Hopkins University
• Investment is forecast to grow at less than 1 per cent -- the lowest since 2004-05
• India's unemployment rate rose to 7.5 per cent during September-December 2019 quarter, according to data released by think-tank Centre for Monitoring Indian Economy
Comments
Ella sahodarammarkk oru advise, nanga nanga penagitt nangalo onnamatho dushman BJP gellum pole aakiranda, please please ninga ellarum onnaitt genduro chance ullo nangalo oru candidate barumpole aakonu, nangalo raya innoru UP do pole aakiranda
Brother,
Being in respectable position as a minister, he should have thought twice before making a statement. If somebody scribbles against him or speaks against him in social media like Fb and whatsapp let him file a case against them. Or let him condemn them. ಇವರನ್ನು ಟೀಕಿಸಿದವರೆಲ್ಲ ಢೋಂಗಿ ಮಾಡಿ ಗಲ್ಫ್ ಗೆ ಹೋದವರಾ? . ಧಾರ್ಮಿಕ ಕಾರ್ಯಕ್ರಮದಲ್ಲಿ ಮಾತನಾಡುವಾಗ ಸ್ವಲ್ಪ ಚಿಂತಿಸಿ ಮಾತನಾಡಿದರೆ ಅವರ ಘನತೆಗೆ ಒಳ್ಳೆಯದು.
In next election, people will decide who is the best loafer and teach him a good lesson. #Ashrafbhai Nxt Mla #UTK Koragajjana gudige
UT Khader Saab. Most of the NRIs from your region know very well that some of your opponents are not just loafers but are ugliest creatures and communal goons. But you don’t lose cool and respond to them in public. Let them go to hell. We are with you. You are a role model for many. So kindly don’t react to the loafers in their own language.
My humble request to UTK is to ignore the cheap level criticism by communal goons. Be it Bajrangis or SDPI. They really don’t deserve the attention of a great social worker and politician like UTK.
UT Khader has not twisted his statement. He never said that all NRIs are Dongi Maadi Gulf ge hodavaru. He said that Dongi Maddi gulf ge hodavaru trying to teach him how to live. And he doesn’t care them. That’s true. Nirva Modi and Vijay Malya also included in dongi parties.
ಯು. ಟಿ ಖಾದರ್ ಓರ್ವ ಶಾಸಕ ಹಾಗೂ ಸಚಿವ ಎಂಬ ಕಾರಣಕ್ಕಾಗಿ ಅವರನ್ನು ಎಲ್ಲಾ ಜಾತಿ, ಮತ, ಧರ್ಮ ಪಂಗಡದವರು ಅವರವರ ಧಾರ್ಮಿಕ ಕಾರ್ಯಕ್ರಮಗಳಿಗೆ ಆಹ್ವಾನಿಸುತ್ತಾರೆ. ಜನ ಪ್ರತಿನಿಧಿ ಎಂಬ ನೆಲೆಯಲ್ಲಿ ಖಾದರ್‌ರವರು ದೇವಸ್ಥಾನ, ದೈವಸ್ಥಾನ, ಚರ್ಚು, ಮಸೀದಿ, ಉರೂಸ್, ಸುನ್ನಿ, ಎಪಿ, ಈಕೆ, ಸಲಫಿ, ಜಮಾತೆ ಇಸ್ಲಾಂ ಎಂಬ ಬೇಧ ಬಾವ ಇಲ್ಲದೆ ಭಾಗವಹಿಸುತ್ತಾರೆ. ಅವರವರ ನಂಬಿಕೆಗಳನ್ನು ಗೌರವಿಸುತ್ತಾರೆ. ಅಂತೆಯೇ ಕೆಲ ದಿನಗಳ ಹಿಂದೆ ತಮ್ಮ ಕ್ಷೇತ್ರದ ಕೊರಗಜ್ಜ ಕಾರ್ಯಕ್ರಮದಲ್ಲೂ ಭಾಗವಹಿಸಿದ್ದರು. ಪ್ರತೀ ವರ್ಷವೂ ಅವರು ಆಹ್ವಾನಿಸುತ್ತಾರೆ ಮತ್ತು ಖಾದರ್ ಭಾಗವಹಿಸಿತ್ತಾರೆ ಇದನ್ನೇ ನೆಪವಾಗಿಸಿಕೊಂಡು ಕೆಲವರು ವಿದೇಶದಿಂದ ಸಾಮಾಜಿಕ ಜಾಲತಾಣದ ಮೂಲಕ ನಿರಂತರ ಖಾದರ್‌ರವರನ್ನು ಅತ್ಯಂತ ಹೀನಾಯವಾಗಿ ಹಿಯ್ಯಾಳಿಸಲು ತೊಡಗುತ್ತಾರೆ. ಸಾಮಾಜಿಕ ಜಾಲತಾಣದಲ್ಲಿ ಸಕ್ರಿಯರಾಗಿರುವವರು ಅದನ್ನು ಗಮನಿಸಿರಬಹುದು. ಖಾದರ್‌ರವರನ್ನು ಹಿಯ್ಯಾಳಿಸಲು ಅವರು ಬಳಸುತ್ತಿದ್ದ ಶಬ್ದ ಮತ್ತು ಭಾಷೆ ಯಾರನ್ನೂ ಒಮ್ಮೆ ರೊಚ್ಚಿಗೆಬ್ಬಿಸುವಷ್ಟು ಕೆಟ್ಟದ್ದಾಗಿರುತಿತ್ತು. ಅದಕ್ಕೆ ಪ್ರತಿಕ್ರಿಯೆಯಾಗಿ ಬರುತ್ತಿದ್ದ ಬರಹಗಳೂ ಅಷ್ಟೇ ಪ್ರಚೋದನಾತ್ಮಕ ವಾಗಿರಿತ್ತಿತ್ತು.
ಈ ಎಲ್ಲಾ ವಿಚಾರವನ್ನು ಉಲ್ಲೇಖಿಸುತ್ತಾ, ಅವರಿಗೇ ಸಂಬಂಧಿಸಿ ಉರೂಸ್ ಸಮಾರಂಭದ ವೇದಿಕೆಯಲ್ಲಿ ಖಾದರ್‌ರವರು... "ಊರಲ್ಲಿ ಮೋಸಮಾಡಿ ವಿದೇಶಕ್ಕೆ ಹೋಗಿ ಕುಳಿತು ನನಗೆ ಬುದ್ದಿ ಹೇಳುತ್ತಿದ್ದಾರೆ. ನಾನು ಎಲ್ಲಾ ಕಡೆ ಹೋಗಿದ್ದೇನೆ, ಹೋಗುತ್ತೇನೆ .. ನಾನು ತಪ್ಪಿದರೆ ನನ್ನನ್ನು ತಿದ್ದಲು ಉಲೆಮಾಗಳಿದ್ದಾರೆ. ಈ ಲೋಫರ್ ಗಳಿಂದ ನಾನು ಪಾಠ ಕಲಿಯುವ ಅಗತ್ಯವಿಲ್ಲ...." ಎಂದು
ಹೇಳಿದ್ದಾರೆ.
ಈ ವಿಡಿಯೋದ ತುಣುಕನ್ನು ವೈರಲ್ ಮಾಡಿ ವಿದೇಶದಲ್ಲಿರುವ ಎಲ್ಲಾ ಪ್ರವಾಸಿಗಳನ್ನು ಖಾದರ್ ಅವಮಾನ ಮಾಡಿದ್ದಾರೆ ಎಂದು ಬಿಂಬಿಸಲು ಪ್ರಯತ್ನಿಸುತ್ತಿರುವುದನ್ನು ನಾವು ಕಾಣುತ್ತಿದ್ದೇವೆ. ಈಗಲು ಕೆಲವರು ಖಾದರ್ ವಿರುಧ್ಧದ ತಮ್ಮ ಬರಹ ಹಾಗೂ ವಾಯ್ಸ್ ಮೆಸ್ಸೇಜುಗಳಲ್ಲಿ ತೀರಾ ಕೆಟ್ಟ ಶಬ್ಧ ಭಾಷೆ ಬಳಸುತ್ತಿದ್ದಾರೆ. ಸಾಮಾಜಿಕ ಜಾಲತಾಣಗಳಲ್ಲಿ ಸಾರ್ವಜನಿಕ ಮರ್ಯಾದೆಯನ್ನು ಮೀರಿ ನಡೆಯುತ್ತಿರು ಖಾದರ್ ಪರ ವಿರೋಧ ಚರ್ಚೆಗಳು ಸಮುದಾಯದ ಮಾನ ಹರಾಜು ಹಾಕುತ್ತಿದೆ ಇದು ಇಲ್ಲಿಗೇ ನಿಲ್ಲಲಿ ಎಂಬುದು ಎಲ್ಲಾ ಪ್ರಜ್ಞಾವಂತ ಮುಸ್ಲಿಮರ ಅಪೇಕ್ಷೆ.
UTK has insulted innocent loafers by calling communal goons as loafers
Mr. U T Khader,
Please do not twist your statement. You clearly made a statement " Dongi maadi gulfge hodavaru". Even i was a huge admirer of you till date for your simple nature and work which you have done during your tenure as a minister and MLA. But that one statement has made a big difference. I watched the video 2 to 3 times to check about the background. You were referring to a group which conducts meeting in hills(gudde) under torch light. But hope you remember that same group was in your favor when you first contested for bye-election after your father's demise. My request is not to have over confidence, which may result in ego and ultimately result in losing. So many egoistic emperors in the world have lost their empire and power. Therefore, you are not a match at all. If you want to condemn a particular group or party, name it and condemn it in specific & do not make generalized statement. Your statement of "DONGI MAADI GULFGE HOGIDDU" has hurt the sentiments of NRI community who have come here away from their families to earn a livelihood.
Kindly take your time to tender an apology for your words. May Almighty Allah bless you with good health and strength to serve the society and community in a better way.
I think in this state election only one thing will happen for sure "Ibbara Jagala Muraneyavanige Laaba"...
Last year Sangh Parivar leaders were hurt when UT Khader said those who oppose constitution should be hit with slipper. This clearly proved that they oppose constitution. Now some SDPI leaders are hurt when UT Khader said that he wants to learn lesson from Ulema and not from loafer or a person who avoids work and spends time doing useless things. This also proved who are loafers.
“Loafer” is not an abusive or derogatory word. “Communal” is more abusive and insulting word compared to “Loafer”.
Election won't decide anyone's fate. Fate will be decided by the Creator. Our prayers are with self-less politicans like UT Khader.
Feel very sad to see some fringe groups unnecessarily pulling the legs of an honest politician in the name of religion. When I embraced Islam several years ago Muslims used to spend time by fighting each other on religious matters and absurd rituals like Urus, Maulid, ratheeb etc. Now Muslims are fighting with each other by forming political parties. When these Muslims will learn lessons? When they realise their responsibilities? When they stop petty politics?
First of all loafer is not an abusive word. It just means an idle person or a ‘poli huduga’ in Kannada. But the uneducated loafers do not know the meaning of loafer i think. That’s why they making it a big issue.
Dikkara ninage Mr Khader
Bara barutha raayara kudure katthe yaayithu.....
Khader bhai... muslim community had very good hope on you & supported you on full extent... But you are going towards normal politician behind money & seat.... SUPPORT doesnt mean that only to muslims... A true leader will treat all community fair & equally... which congress & other party leaders couldnt do... Instead you are blaming our muslim brothers without having basic knowledge.... Politician doesnt understand normal person way of living that how they spend daily life & how much efforts they are taking to fulfill their family needs...
In sha allah your fate will be decided in this election..
Let the Election results tell who are loafers and cheaters In sha Allah.
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