LIVE: Union Budget 2020

    Union Budget 2020-21 Latest Updates:Finance Minister Nirmala Sitharaman tables her second Budget in Parliament.

    11:43 AM- FM says the TB Harega, Desh Jeetega campaign will be strengthened to end TB by 2025 in the country. A total of Rs 69.000 crore has been provided for the healthcare sector of which PM Jan Arogya Yojana will get Rs 6,400 crore.

    11:42 AM- FM says the TB Harega, Desh Jeetega campaign will be strengthened to end TB by 2025 in the country. A total of Rs 69.000 crore has been provided for the healthcare sector of which PM Jan Arogya Yojana will get Rs 6,400 crore.

    11:40 AM- FM says there is a holistic vision of healthcare. Mission Indradhanush has been extended to cover new diseases and new vaccines. Fit India is part of it, she said. There are 20,000 empanelled hospitals in Ayushman Bharat and need more in Tier 2 and 3 cities to benefit poor in these areas. PPP mode hospitals will be set up under viability gap funding to look at areas where there are no hospitals. This will be 112 aspitational districts where first priority will be given.

    11:37 AM- FM Nirmala Sitharaman says for agri and allied activities an allocation of Rs 2.83 lakh crore has been made for FY21. This includes agriculture, irrigation, rural development, Panchayati Raj. 

    11:36 AM- Doubling of milk producing capacity will be to 108 MT by 2025 from 53.5 MT, says Nirmala Sitharaman. WiIl raise 200 lakh tons of fish production and there will be Sagar Mitras who will be the fish farmers, says Sitharaman. Added to this is production of algae and caged cultivation as well, says FM. 

    11:34 AM- Farmer relief Budget 2020 Latest Updates: NBFCS and cooperatives are active in agriculture. NABARD refinance scheme will be expanded, says FM. There will be Rs 15 lakh crore agriculture credit availability, said Nirmala Sitharaman.

    11:33 AM- Vinay Pandit, Head, Institutional Equities, IndiaNivesh: This is the budget to boost income and enhance purchasing power. At the beginning, (it) gives a sign of things to come. Expect significant benefits for consumption as the speech progresses. Aspirations, Economic development, Caring Society— an ACE in the making (is) aimed towards a $5 tn economy by 2024-25. If achieved with the right efforts, is in the right direction. 

    11:30 AM- FM Nirmala Sitharaman quotes Atichudi of Saint Avaiyar and says that farm land should have sufficient manure and water and not an excessive one. Will also revise incentives for use of chemical fertilisers, says FM. Warehouse building incentives will also be given by the government for the farmers. The thrust, she says, is to offer viability gap funding and Mudra loans will also be provided for such self-help groups. Here, women will be the ‘dhanya Laxmi’ in the villages, she added. 

    11:27 AM- PM Kusum Scheme reduced dependence on diesel and kerosene and relied on social energy. Total of 20 lakh farmers can set up standalone solar pumps, she says. Further, she said that government can help 15 lakh solarise grid-connected pump sets, says finance minister Nirmala Sitharaman. Farmers can also use barren land for solar energy and have a livelihood out of it, says FM.

    11:24 AM- Budget 2020 Latest Updates: FM translates Kashmiri poem into Hindi. It says, “Hamara vatan kilte huey Shalimar bagh jaise …hamara vatan dal lake me khilte huey kamal jaisa…naujawanon ke garm khoon jaisa…mera vatan tera vatan hamar vatan duniya ka sabse pyara vatan”

    11:23 AM- Agriculture Budget 2020 Latest Updates: Will double farmer income by 2022, says Finance Minister. A total of 6.11 crore farmers insured under Fasal Bima, says finance minister. She says hand-holding of farm-based activities needs to be done. This, she said, can be done in cooperation with states. Presents a 16-point action plan for this purpose.

    11:21 AM- Budget 2020 Latest Updates: FM Nirmala Sitharaman will talk about skills, education and agriculture in the first theme. 

    11:20 AM- FM says our country is like a Shalimar garden, it is like a lotus on Dal Lake, like the warm blood of our youth and it is our best country in the world.

    11:18 AM- Budget 2020 Latest Updates: Finance minister Nirmala Sitharaman recites a few verses in Kashmiri. 

    11:18 AM- Budget 2020 Latest Updates: Digital revolution will see the next wave, says FM. Will achieve seamless delivery of services through this, says Nirmala Sitharaman.

    11:16 AM- Entrepreneurship has helped wither crisis, says finance minister.

    11:15 AM- Technology like machine learning, robotics, AI alongwith number of productive age group (15-65 years) are cross-cutting streams in India, says finance minister. This is special to India, says Nirmala Sitharaman.

    11:14 AM- Finance minister Nirmala Sitharaman says central government debt reduced to 48.7% of GDP in 2019. Will take the country forward, says FM.

    11:13 AM- Poverty alleviation: There are 1 million out of poverty and we should be proud of it, says finance minister.

    11:12 AM- Moved on from over 4 percent growth in 1950s to 7.4 percent to 2014-19 period, says finance minister.

    11:11 AM- Nirmala Sitharaman mentions insurance protection, digital penetration, affordable housing and Ayushman Bharat as key reforms of the government. 

    11:11 AM- Motto of ‘Sabka Saath, Sabka Vikas and Sabka Vishwas’ has implemented new programmes for poor and disadvantaged under PM Modi, says Nirmala Sitharaman.

    11:10 AM– Total of 60 lakh new taxpayers and 105 crore e-way bills generated under GST, says Nirmala Sitharaman.

    11:09 AM- GST reforms: GST has integrated economically and has consolidated multiple taxes, says Nirmala Sitharaman. GST has led to inspector raj vanishing, says FM. Average household now saves 4 percent of monthly spend due to reduced GST rates, she added.

    11:07 AM– Finance minister Nirmala Sitharaman says GST has been the most historic reform in the country. FM pays homage to late Arun Jaitley who was the architect of goods and services tax.

    11:06 AM– Fundamentals of economy are strong and inflation is well contained, says finance minister Nirmala Sitharaman.

    11:04 AM– FM Nirmala Sitharaman says in May 2019 PM Narendra Modi received a massive mandate to form the government again. WiIl serve with humility and dedication, says the FM.

    11:03 AM-Nirmala Sitharaman presents the statement of receipts and expenditure for FY21. 

    11:02 AM– Finance Minister Nirmala Sitharaman rises to present Budget

    10:59 AM– Finance minister Nirmala Sitharaman may give a path to revival of the economy in FY21.

    Budget 2020 live updates: Cabinet meeting to approve Budget underway.

    Biggest issue today is job creation for youth: Ashok Gehlot 

    Even as Congress has said that it hopes the Union Budget will provide relief to salaried class and invest in rural India, its leader and Rajasthan Chief Minister Ashok Gehlot said that the “biggest issue today is job creation for our youth”.

    Budget 2020 live updates: Finance Minister Nirmala Sitharaman’s family including her daughter Parakala Vangmayi arrive in Parliament.

    Video Source- India Today

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