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Monthly Archives: February, 2020

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Union Budget 2020-21 lays down roadmap for boosting economy

Chief Statistician of India and Secretary, Ministry of Statistics
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Enhanced Insurance Cover for Exporters; Affordable and Accessible Credit; Reduction in Interest Rates; FM Announces NIRVIK Scheme for Exporters in Union Budget 2020-21

The Finance Minister, Nirmala Sitharaman, announced the NIRVIK scheme in the Union Budget 2020-21 in Parliament today. It will provide high insurance cover for...
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Macro-economic Framework Statement (MFS) 2020-21 predicts rebound in GDP growth from first quarter of 2020-21

Despite a temporary moderation in the Gross Domestic Product (GDP) growth in 2019-20 owing to global headwinds and challenges in the domestic financial sector,...
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MSMEs turnover threshold for Audit increased 5 times to Rs 5 Crore

In order to reduce the compliance burden on small retailers, traders, shop keepers who comprise the Medium, Small and Micro Enterprise (MSME) sector, the...
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Increase in Customs Duty on Footwear and Furniture to promote domestic MSMEs

Keeping in view the need of MSME sector, Customs duty is being raised on items like footwear (from 25% to 35% on footwear and...
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Rs 69,000 crore provided for Health Care in Union Budget 2020-21

In order to achieve the holistic vision of health care that translate wellness of the citizen, about Rs. 69,000 crore have been provided for...
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Tourism sector proposed to get Rs 2,500 Crore in union budget 2020-21

To make India an attractive destination for both international and domestic tourists, the Finance Minister proposed to allocate Rs 2,500 crores in 2020-21 for...
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