today current affairs Union Budget 2020-21

today current affairs national

Union Budget 2020-21

• Union Budget 2020-21 was presented in parliament on February 1,2020 by the union Minister for finance Nirmala Sitharaman 
• This year's Union Budget centres around three ideas - Aspirational India, Economic development,A caring Society.

• The Finance Minister Said that the Union Budget 2020-21 aims 

• To achieve seamless delivery of services through Digital governance 
• To improve physical quality of life through National Infrastructure pipline 

• Risk mitigation through disaster resilience 
• Social security through Pension and insurance penetration 

Focused Points 

• Fiscal deficit target pegged at 3.8% of GDP for FY20. 
• Over 6 crore farmers under Pradhan Mantri Fasal Bima Yojana have been insured. 

• Pradhan Mantri Kisan Urja Suraksha and Utthan Mahabhiyan (PM KUSUM) to be expanded, providing 20 lakh farmers in setting up stadalone solar pumps. 
• One-Product One-District for better marketing and export in the Horticulture sector. 
• Agri-credit target for the year 2020-21 has been set at rupe 15 lakh crore 
• PM KISAN beneficiaries to be covered under the KCC scheme. 

• NABARD Re-finance Scheme to be futher expanded. 
• $69000 crore allocated for the health care sector. Out of the total amount ₹ 6400 crore will be sanctioned for Ayushman Bharat Yojana. 

• Government proposed ₹ 3000 crore for skill India to provide relevant skill training to the youth 

• ₹ 27300 crore allocated for 2020-21 for development and promotion Of industry and commerce. 
• Investment clearance call proposed to be set up to provide 'end to end' facilitation and supports. 

• National Technical Textiles Mission to be set up with four-year  implementation period from 2020-21  to 2023-24
• New scheme NIRVIK to be launcito achieve higher export credit disbursement.
• 100 more airports to be developed under UDAAN by 2025.

• Railway will set up kisan rail through PPP model so that perishable goods can be transported quickly. 
• Four station re-development projects and operation of 150 passenger trains through PPP. 
• 22000 Crore proposed for power and renewable energy sector in 2020-21

• Expansion of national gas grid from the present 16200km to 27000 km proposed.
• An allocation of ₹ 6000 crore will be provided for Bharat Net scheme. 

•  ₹ 28600 crore will be allocated in FY21 for women- linked programmes. 
• Allocation for senior citizens and Divyang enhanced to ₹ 2500 crore for 2020-21 for tourism promotion.

Education

₹99,300 crore for education sector in 2021 and about ₹3,000 crore for skill development.

Urban local bodies to provide internship to young engineers for a year.

Degree-level full fledged online education programmes by institutions ranked in top 100 in NIRF rankings, especially to benefit underprivileged students.

A national police university and a national forensic science university is proposed to be setup.

IND SAT exam for students of Asia and Africa to promote “study in India” programme.

Infrastructure

Budget proposes to provide ₹1.7 lakh crore for transport infrastructure in 2021

National Logistics Policy to be released soon.

Chennai-Bengaluru Expressway to be started.

Aim to achieve electrification of 27,000 km of lines.

Plan to have a large solar power capacity for Indian Railways.

The government also proposes a Bengaluru suburban rail project at a cost of ₹18,600 crore.

Govt to monetise 12 lots of national highways by 2024.

100 more airports will be developed by 2024 to support UDAN.

Economy and Finance:

Bank deposit insurance cover had been increased from ₹1 lakh to ₹5 lakh per depositor.

Government plans to amend the Companies Act to decriminalise civil offences.

Government to sell part of its stake in LIC via public offering.