What is National Infrastructure Pipeline (NIP) Indian Budget 2021-22

NIP for FY 2019-25 is a first-of-its-kind, whole-of-government exercise to provide world-class infrastructure to citizens and improving their quality of life. It aims to improve project preparation and attract investments into infrastructure. NIP includes both economic and social infrastructure projects.

What is Atal Mission for Rejuvenation and UrbanTransformation (AMRUT) in budget 2021-22

It is a Central Sponsored Scheme by Ministry of Housing and Urban Affairs aimed at providing basic civic amenities like water supply, sewerage, urban transport, parks as to improve the quality of life for all especially the poor and the disadvantaged. Focus is on infrastructure creation to provide better services to citizens. It covers 500 … Read more

What is Indirect Tax In India 2021-22 budget

Custom Duty Rationalization: Twin objectives: Promoting domestic manufacturing and helping India get onto global value chain and export better. 80 outdated exemptions already eliminated and further review of more than 400 old exemptions. New customs duty exemptions to have validity up to the 31st March following two years from its issue date. Electronic and Mobile … Read more

Direct tax proposal in Budget 2021-22 In india

Budget seeks to further simplify tax administration, Litigation Management and ease compliance of Direct tax administration. Relief to Senior Citizens: Exemption from filing tax returns for senior citizens over 75 years of age and having only pension and interest income. Reducing Disputes, Simplifying Settlement Time limit for re-opening cases reduced to 3 years from 6 … Read more

Fiscal position on 2021-22 Budget

Fiscal deficit in BE 2021-2022 is estimated to be 6.8% of GDP and in Revised Estimate (RE) 2020-21 is pegged at 9.5% of GDP – funded through Government borrowings, multilateral borrowings, Small Saving Funds and short-term borrowings. Gross borrowing from the market for the next year to be around 12 lakh crores. Amendment to Fiscal … Read more

Union Budget 2021-22: Finance Minister Endorsed National Rail Plan (NRP) 2030

In December last yer, Indian railways had issued draft NRP. NRP will be a common platform for all future infrastructural, business and financial planning of the railways. Objectives of the plan Creat capacity ahead of demand by 2030 this in turn would cater to growth in demand right up to 2050. Increase the modal share … Read more

What is labour union

A labor union, officially known as a “labor organization,” is an entity formed by workers in a particular trade, industry, or company for the purpose of improving pay, benefits, and working conditions. Also called a trade union or a workers’union , Labor unions may also advocate for legal, social, and political measures for the country … Read more

Minimum Government, Maximum Governance

Measures being undertaken to bring reforms in Tribunals to ensure speedy justice. National Commission for Allied Healthcare Professionals already introduced to ensure transparent and efficient regulation of the 56 allied healthcare professions. National Nursing and Midwifery Commission Bill introduced for the same in nursing profession. Proposed Conciliation Mechanism with mandate for quick resolution of contractual … Read more

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