India showed great character, says Kohli after series win against England

Bristol, Jul 9: Indian captain Virat Kohli praised his teammates for showing character in tight situations in the seven-wicket win in the third and final T20 International to clinch the series 2-1.

Kohli lauded the effort of his bowlers to come back at the back end and restrict England to a sub-par score while praising Hardik Pandya and centurion Rohit Sharma for their efforts with the bat.

"The comeback from the bowlers was outstanding. At one stage we thought they'd end up getting 225-230. But the character they showed, that's something we're very proud of. Just hit our areas better I guess," Kohli said at the post match presentation ceremony.

"We have the qualities to bowl wicket-taking deliveries as well. 25-30 runs in this format can be massive," he added.

Talking about the run chase, Kohli said, "(Hardik) Pandya is a really good all-round cricketer. He's confident with his skills with bat and ball. The way he came back after his first over is what you want to see as a captain. It was difficult for the bowlers.

"We enjoyed ourselves as batsmen. I don't like to look at hindsight and say we could have added another bowler. Guys came up with the good. We're gonna continue and try different things. You saw the kind of energy and attitude we had on the field. It's a great way to start the tour."

Man-of-the-match and series, Rohit Sharma said he assessed the conditions first before going for the big strokes.

"That's the style of my play. Assessing conditions was important at the start of the innings. Once we see off the new ball, we always knew wicket was a good one with short boundaries. Held my shape well. I like to be calm, not to panic too much," he said.

"I know once you're there, you can make it up later. Always important to try and assess the bowlers as well. With four fielders inside, there's always that option to take chances," said Rohit who hit 100 not out off 56 balls.

About Pandya, he said, "Pandya has done that for few years now. More often than not he will play such innings in the back end. The way he bowled gave him confidence. He's a fearless individual. That's what the team wants him to do."

England captain Eoin Morgan said his team faltered in execution.

"It was a tremendous start with the bat. Roy and Buttler prove a dominant force at the top but we didn't do their platform justice. Normally it's one of the best parts of our game. On a small ground on a flat wicket we're expected to score more than that. Difficult to defend on grounds like this. It's more the conditions," he said.

"Teams like Pakistan, India, they have a big following and we're used to it. Hopefully we can learn as we go along. This series has had three different tests for us. It's exciting. Trent Bridge has been a good ground for us. The last couple of times we've lost the toss there, we've been able to get a result."

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Congrats Team India. The very talented team .

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Union Budget 2020: Highlights

News Network

February 1,2020

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

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