Addressing a G20 Summit session, Modi also presented his '5-I' vision to maximise digital technology for social benefit.
The impact of economic slump was visible in the Budget's fine print, as this step-by-step explanation show how the Budget math was worked out, reports Abhishek Waghmare.
Here are the key highlights of the Interim Budget 2019-20 presented by Finance Minister Piyush Goyal in the Lok Sabha on Friday.
Protests at this time when efforts are underway to strengthen the PLA and keep morale high would be worrying for the military leadership, observes Jayadeva Ranade, the retired senior RA&W officer and distinguished China expert.
The 600-million (approximately Rs 4,100 crore) UK Personal Accounts Delivery Authority (PADA) deal, which was recently awarded to Tata Consultancy Services (TCS) to administer the National Employee Savings Trust (NEST) scheme for 10 years, has come under the scanner of the Conservative Party.
When Finance Minister Nirmala Sitharaman tables her Budget on February 1, the numbers could be something to cheer.
'We are probably working with flawed data on household finance.'
Individuals could soon lose tax benefits available on fixed deposits with an over five-year term once the direct taxes code comes into force from April 2011.
There will be pressure on the fiscal situation, especially at a time when the monsoon can also disappoint. More populist expenditure is on cards if the mandate is a hung Parliament or a coalition government.
Presenting the Budget for 2019-20 in the Lok Sabha, Finance Minister Piyush Goyal also said Rs 35,000 crore has been given under the One Rank One Pension scheme in the last three years.
Finance Minister Nirmala Sitharaman on Monday assured the industry that momentum of economic reforms will continue to make India a hotspot of global investment. India has turned the crisis created by COVID-19 pandemic into an opportunity to push the economic reforms, which remained pending for decades, she said while addressing the National MNC's Conference 2020 organised by industry chamber CII.
Govt expects to save Rs 10,000 crore through this move.
Rural budget set to increase; likely to enhance market linkages for agri commodities
'If approved it will be a voluntary engagement and there will be no dilution in selection criteria'
'We worked hard, brought a very positive manifesto saying this is what we have done and this is what we will do.' 'But people liked something else.' 'They didn't like expressways, they want a bullet train.' 'I have realised that in a democracy, the poor doesn't know what they want.'
Four recent instances help us understand why Prime Minister Narendra Modi could truly be called the chief human resources officer (CHRO) of the country.
In other welfare schemes, such as those for cooking gas, pension and scholarships, which are linked to DBT, cash is transferred directly into the bank accounts of beneficiaries.
'UBI is a tricky subject.' 'Our worry is the government could get rid of UPA's social welfare schemes targeted at the poor.'
Congress President Sonia Gandhi and her deputy Rahul Gandhi on Saturday refrained from commenting on Prime Minister Narendra Modi's Independence Day speech.
The finance minister may stagger some of the recommendations.
The Prime Minister's Office has decided to set up a panel, led by former chief statistician T C A Anant, to deliberate on whether the enterprise-level quarterly data, which is released by the labour bureau, should be discontinued.
The National Social Security Number will be issued to the 4 crore (40 million) members covered by the scheme on the lines of the Permanent Account Number (PAN) given by the income tax department.
In January, the Employees' Provident Fund Organisation had asked the field staff to ensure the collection of data in respect of member joining on or after March 1, on a monthly basis and in respect of existing members by June 30, 2013.
However, ration card, driving licence, voter identity card, Kisan passbook with photo, job card issued under MGNREGS and a certificate issued by a gazetted officer or a tehsildar will be admissible as proof of identity for people to get the benefits under the scheme till the time they get Aadhaar.
Mobile banking will soon reach Indian villagers as state govts tie up with banks, telecom companies to provide this facility to them.
Union Minister of State for Youth Affairs and Sports Rajyavardhan Singh Rathore on Sunday said the government will launch a 'Khelo India' programme at a cost of Rs 1,756 crore for the period 2017-18 to 2019-20.
It raises three major questions - the incentive compatibility issue, the fairness issue and fiscal challenge, said Panagariya.
The curious thing is that savings instruments have not really kept pace with changing needs, although people have access to a wider variety than before.
The next phase of the COVID-19 vaccination drive for people above 60 years and those aged 45 and above with comorbidities will begin from March 1 and registration on the Co-WIN2.0 portal will open at 9 am on Monday.
The Kerala chief minister's four years in office may well be remembered for the way he handled Cyclone Ockhi, two floods, Nipah, and now COVID-19, reports Shine Jacob.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
Recently, the government announced yet another ambitious scheme aimed at providing health insurance to 50 crore individuals.
He cautioned people against forces inside and outside India which are working against the country by targeting it and its constitutional values.
'If Modi is talking to every Tom, Dick and Harry, why is he afraid of talking to ex-servicemen?'
Following is the Facebook post of Finance Minister Arun Jaitley on one-year of the BJP-led NDA government.
The top two in the government and in the Bharatiya Janata Party, Prime Minister Narendra Modi and party President Amit Shah, respectively, spent the day trying to hard sell not just the contentious land Bill but also how the Modi government stood for the welfare of farmers.
While some CMs suggested reopening economic activity in phases, others pitched for the extension of the coronavirus lockdown, but with a carefully crafted exit strategy
Taking a veiled swipe at the Congress party, he said one of the things he found when he came to Delhi was that those who got opportunity to rule the nation for "many, many years, loved to keep things in a pendulum mode".
Terming the attempts by war veterans to burn medals as an insult to the nation and armed forces, Defence Minister Manohar Parrikar on Friday said it was for protesting ex-service personnel to prove there was no political motive behind the OROP stir.
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