Budget 2020-2021
1. Private rails- Private trains, better connectivity to tourist sites, solar power to fuel the rail
network and transportation of perishables -- Finance Minister Nirmala Sitharaman has
proposed a blueprint for the railways in the Union Budget 2020-21 to be implemented with a
budgetary support of Rs 70,000 crore.
In 2019-2020, the budgetary support was revised to Rs 69,967 crore.
TAX
1. New tax regime has been announced and those who want to continue with old regime with
exemptions can do so.
Source: Money control
2. Companies will not have to pay deduction dividend tax.
3. Over 70 deductions have been made.
ECONOMY
1. Bank deposit insurance cover has been increased from Rs. 1 lakh -Rs. 5Lakh per depositor.
2. Government plans to amend Companies Act to decriminalise civil offenses.
3. Government to sell part of its stake in Life Insurance Corporation via Public offering.
AGRICULTURE
