Request received - loud & clear!Returning you to where you were... (You can save searches, track your apps & save plenty of time!). NEEPCO Recruitment 2020 | 46 Posts | Technician & Trade Apprentice | 28-02-2020, CSIR-CSIO Recruitment 2020 | Various Posts | 15 Posts | 18-11-2020, Top Free Online Courses on edX [November 2020 Updated], Government Engineering Jobs | Application Deadlines [6th November Updated], BEL Recruitment 2020 | Trainee & Project Engineers/ Officers | 125 Posts | 25-11-2020, APSC Recruitment 2020 | Jr Civil Engineer | 18 Posts | 27-11-2020, What Is Civil Engineering? Sitharaman now starts putting out a 16-point guide to make India an aspirational economy. The statutory limit will increase in case of foreign investment for certain companies.

The custom duty on specific goods used in air conditioners and refrigerators increased from 10% to 12.5%. #27. Infrastructure reforms such as Sagarmala, BharatMala, and UDAN are alleviating the urban-rural divide by bringing about an improvement in transport infrastructure. In order to simplify the taxation process, the government is also considering income tax return forms that are prefilled. 103 lakh crore worth projects; launched on 31st December 2019. ................................ Advertisement ................................ Budget Highlights 2020: Know Key Takeaways Of Union Budget, "Closer The Race, Longer It Takes": Why Is US Poll Result Still Not Out, "Regret Error": Prashant Bhushan After Tweet On Chief Justice Of India, Dry Fasting: Know The Benefits And Side Effects, TV Anchor Arnab Goswami Arrested, Sent To Judicial Custody For 2 Weeks, UK Invites PM Modi For Next Month's Climate Ambition Summit, "My Work As President Will Be To Work For Everyone," Says Joe Biden, As Voting For 3rd Phase Begins, Chirag Paswan Attacks Nitish Kumar, Again, China Facing "Unanticipated Consequences" For Misadventure: Defence Chief, This website follows the DNPA Code of Ethics, 10% tax for income between Rs 5-7.5 lakh as against 20%, 15% tax for income between Rs 7.5-10 lakh as against 20%, 20% tax for income between Rs 10-12.5 lakh as against 30%, 25% tax for income between Rs 12.5-15 lakh as against 30%, Income tax rates will be significantly reduced for those who forego reliefs, exemptions, said Finance Minister, Rs 690 billion will be spent toward healthcare spending, Over 6,000 km of highways in 12 lots will be monetized by 2024, Schemes that encourage manufacturing of mobile phones, electronic equipment and semiconductor packaging will be introduced, Private sector to build Data Centre Parks throughout the country will be encouraged, 80 billion rupees over five years to be provided for quantum technologies and applications, Milk processing capacity to be doubled by 2025, 5 new smart cities in public-private partnership mode, Delhi-Mumbai Expressway to be completed by 2023, 100 more airports to be developed by 2024. At least one major port will be privatised.

Focus to be on the generation of employment, skills and making MSMEs competitive. There will be an Annual Global Investors’ Meet that is bound to attract global companies so that investments are made in India. New Space India Limited (NSIL), a public sector enterprise, has been set up to take advantage of the benefits offered by ISRO. To Reverse Additional Interest Levied On Loans. Some of these are: There might be some rationalisation in the income tax slabs in order to moderate it; withdrawal of dividend distribution tax and taxing it for shareholders at concessional rates; abolishment of Securities Transaction Tax (STT) on listed securities or exemption of Long Term Capital Gains Tax on the sale of listed securities; tax sops for home loans in order to boost the flailing real estate sector such as an annual Rs.1.5 lakh deduction on the principal repayment amount; increasing the income tax benefit for the National Pension Scheme (NPS) to Rs.1 lakh, and extending the 14% tax-free contribution to all subscribers of NPS categories. There will also be an increase in petrol and diesel price. Mudra loans will also be provided for such self-help groups. FM said ₹4,400 crore has been allocated for states that work towards clean air. The Key Highlights of Union Budget 2020-21 are as follows: Three prominent themes of the Budget Aspirational India - better standards of living with access to health, education and better jobs for all sections of the society Economic Development for all - “Sabka Saath, Sabka Vikas, Sabka Vishwas”. is also going to introduce Aadhaar-based verification of taxpayers and has removed around 70 of more than 100 income tax deductions and exemptions, in order to simplify tax system and lower tax rates. Some of the important highlights for the 2019-20 interim budget can be summed up as follows: Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Estimated nominal GDP growth rate for 2020-21 is 10 per cent, said Finance Minister Nirmala Sitharaman. #4. Thank you for sharing the Union Budget 2020 at a glance. The strategic divestment of Air India will be initiated again. Finance Minister, Nirmala Sitharaman announced that there is a proposal to raise the surcharge for incomes above Rs.2 crore. The credit target for fiscal year 2020-21 has been set at Rs.15 lakh crore for agriculture sector. Three components of Aspirational India

This was the longest Budget speech by any finance minister, going beyond 2 hour 30 minutes. Rs.100 lakh crore is streamlined to be invested on infrastructure over the next 5 years. To bring in equivalence in the skill sets of the workforce and employers’ standards. ₹99,300 crore for education sector in 2021 and about ₹3,000 crore for skill development. Development of 17 world-class tourist sites is planned. High-speed train between Mumbai and Ahmedabad will be actively pursued. The strategic divestment of some CPSEs will continue. A single window e-logistics market to be created. The National Infrastructure Pipeline envisions improving the ease of living for each individual citizen in the country, it will bring in generic and sectoral reforms in the development, operation, and maintenance of these infrastructure projects.

A National Logistics Policy will be released soon. You will receive a call shortly from our customer support. Rs.103 lakh crore National Infrastructure Pipeline projects earlier announced. Old thermal plants which do not meet the emission norms will be advised to shut down the units. The NRI portfolio routes will be merged with FPI. The TDS threshold has been increased to Rs.2.4 lakh from Rs.1.8 lakh for rental incomes. Check out the latest Income Tax slabs for your reference: Income Tax Slabs 2020-21. Under electronic tolling on national highways, the FASTag mechanism enables greater commercialization of highways so that NHAI can raise more resources. The FM also said 1,150 trains will run under the public private partnership (PPP) mode, also four stations will be redeveloped with the help of the private sector. 99,300 crore for the education sector and Rs. Govt proposes 100 per cent tax concession to sovereign wealth funds on investment in infra projects.