Cess upto 2 per cent will be levied
FM had proposed an enabling provision to levy cess at 2%
The finance ministry on Sunday highlighted its achievements during the past six months, including the Jan-Dhan Yojana, Varishtha Pension Bima Yojana, and actions taken to curb black money.
The biggest spend (Rs 4,406 crore) was for Schedule VII (II), which involves "promoting education, including special education and employment enhancing vocation skills, especially among children, women, elderly and the differently abled and livelihood enhancement projects". The FY19 spend was 17.2 per cent higher than Rs 1,0128.3 crore spent during the previous year.
According to experts by making CSR spending mandatory, the government has made it into a statutory due like tax but with none of its democratic quality.
With only 1.21 lakh completed out of a targeted 4.19 lakh, the government seems to be in a race against time to fulfil Prime Minister Narendra Modi's promise of ensuring toilets in all schools.
While most of the amount has been spent on hunger, poverty, healthcare and education, the least was spent on sports, armed forces veterans and technology incubators.
The major initiatives of the Modi government have been launched to ensure cleanliness across the country
A neutral Budget for media and entertainment sector.
Before you file your income tax return this year, have a look at the amendments that might help you take the most possible tax benefit.
Education sector has reasosn to cheer Budget.
Indian economy about to take-off
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