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.
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
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Twin objectives: Promoting domestic manufacturing and helping India get onto global value chain and export better. 80 outdated exemptions already eliminated and further review of more than 400 old exemptions.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
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 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
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
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
National Research Foundation: Announced with an outlay of Rs. 50,000 crore, over 5 years. It will ensure that the overall research ecosystem of the country is strengthened with focus on identified national-priority thrust areas. National Language Translation Mission (NTLM): This will enable the wealth of governance-and-policy related knowledge on the Internet being made available in … Read more