Budget for the year 2019-2020 was announced today, by the new Finance Minister, Nirmala Sitharaman, under the newly elected BJP government. For the past few years, it has been Arun Jaitley who was the Finance Minister and the one to present the budget for the financial year.
The Finance Minister has spoken about a lot of factors in the budget, from MSMEs and railways to women empowerment and income taxes.
Here are key highlights of this Budget :-
Finance Minister Nirmala Sitharaman spoke about implementing the PPP, Public-Private Partnership, which will bring about faster development of the the overall situation of the infrastructure of the railways.
As the Indian Railways needs an investment of about Rs. 50 lakh crore by 2020-2030, the public and private partnership is necessary.
Talking about the metro, Sitharaman said that a 657 km metro line has been set up , and in 2018-2019, a 300 km one has been approved.
The FM said that India has emerged as a major space power and that this is the right time to put it to commercial use. A public sector enterprise by the name New Space India Limited will be developed that will tap into the benefits of the research and development carried out by ISRO.
New Space India Limited will also take care of the commercialization of space products.
The Finance Minister has assured that the government will support private entrepreneurs in agriculture, and will work on providing agricultural infrastructure to farmers. She has also proposed the innovative Zero Budget Farming technique to be implemented….Read more>>