Highlights of Union Budget for 2019-20
POINTS OF VISION
1) Building social infrastructure among 10 points of vision
2) Building pollution-free environment among 10 points of vision
3) Digital India in every sector among 10 points of vision
4) Make in India with stress on MSME in 10 points of vision
5) Water management, clean rivers among 10 points of vision
6) Export of food grain in 10 points of vision
7) Ayushman Bharat, clean India among 10 points of vision
8) Space programmes, safety of citizen in 10 points of vision
GROWTH, INFLATION
1) Well within capacity to reach $5-trln economy in few years
2) India to become $3-trln economy in FY20
3) India now 6th largest economy vs 11th five years ago
REFORMS
1) Need to continue undertaking structural reforms
2) Need to continue structural reforms to reach $5-trln aim
3) Need to invest in job creation in MSMEs
4) Need to invest heavily in digital India, job creation
5) $5-trln economy target is imminently achievable
6) "Gone are the days of policy paralysis"
7) Wish to propose many initiatives to kick-start growth
8) Reforms needed in power tariffs
9) To soon announce policy package for power tariffs
10) Model tenancy law to soon be finalised
11) Propose several reform measures for rental housing
12) PPP to fast develop track, rolling stock, freight svcs
13) To have blueprint for water grids, gas grids, airways
14) Examining performance of UDAY scheme
15) One nation, one grid to ensure power connectivity
16) 2 more terminals at Sahibganj, Haldia to be functional soon
17) Movement of cargo in river Ganga to rise 4 times in 4 yrs
FINANCIAL SECTOR, MARKETS
1) FDI inflows remain robust despite global headwinds
2) Important to increase retail invest in T-bills
3) Propose to create platform for listing social enterprises
4) To work with regulators for AA bonds as collateral for repo
5) Asked SEBI to mull hiking minimum public shareholding to 35%
6) Propose to rationalise existing KYC norms for FPIs
7) India needs 20-trln-rupee estimated investment every year
8) To put in place action plan to deepen long-term bond mkt
9) Action plan to deepen market for long-term bonds
10) Invest driven growth requires access to low-cost capital
11) To create payment platform for MSMEs
12) Large infrastructure can be built on land owned by CPSEs
13) To allow FPIs to subscribe to listed debt papers of REITs
14) Propose to merge NRI, FPI investment scheme routes
15) To mull hiking FDI limit in media, insurance, animation cos
16) Contemplating an annual global investors meet in India
17) Propose 100% FDI in insurance intermediaries
18) To examine suggestions to further open up FDI in aviation
19) FDI flows rose 6% to $64.37 bln in FY19
20) Propose to make India a more attractive FDI destination
21) To take steps for RBI, SEBI depositories' inter-operability
22) To allow FPIs to subscribe to listed debt papers of REITs
23) Propose to merge NRI, FPI investment scheme routes
24) To mull hiking FDI limit in media, insurance, animation cos
25) Contemplating an annual global investors meet in India
26) Propose 100% FDI in insurance intermediaries
27) To examine suggestions to further open up FDI in aviation
28) FDI flows rose 6% to $64.37 bln in FY19
29) Propose to make India a more attractive FDI destination
30) To take steps for RBI, SEBI depositories' inter-operability
31) To allow FPI invest in listed debt securities of InvITs
INFRASTRUCTURE, INDUSTRY
1) Need to invest heavily in infrastructure
2) Rail infra may need investment of 50 trln rupees 2018-2030
3) 2nd stage of Bharatmala to help develop state roads
4) To incentivise advanced vehicle battery manufacturing
5) Need to develop inland waterways for cargo movement
6) To comprehensively restructure national highway programme
7) To comprehensively restructure national highway programme
8) 210 km of new metro lines operationalised in 2019
9) Launching national common mobility card
10) To leverage engineering skill for project maintenance work
11) Public infra, affordable housing to be taken up in FY20
12) To aid cluster-based development of traditional industries
13) To use more PPP mode for metro rail network
14) Railways to be encouraged to use SPVs for suburban projects
15) To use USOF, PPP mode for speeding up BharatNet
FARM SECTOR
1) Every rural family to have gas, power connectivity by 2022
2) All rural families to have electricity connection by 2022
3) Govt keeps Antyodaya at core of all its policies
4) Villages, poor, farmers at centre of every govt plan
5) To invest widely in agriculture infrastructure
6) Bamboo, khadi, honey to be focus for cluster development
7) To invest 802.5 bln rupees to upgrade rural roads in 5 years
8) To upgrade 125,000 km of rural roads in 5 years
9) 30,000 km roads under PM Sadak Yojana built with green technology
10) All-weather roads provided to 97% of habitation
11) To have robust framework for fisheries mgmt network
12) 19.5 mln homes to be given till 2022 in PM rural house plan
13) 15 mln homes completed under PM rural house plan
14) APMCs shouldn't hamper farmers from getting fair price
15) Zero-budget farming to be promoted
16) Hope to form 10,000 farmer producer organisations
17) Aiming oilseed self sufficiency, to help cut import bill
18) Ease of doing business, living should apply to farmers too
19) To create infrastructure for cattle feed manufacturing
20) Will support private companies to add value for farm producers
21) Zero-budget farming can help double farmers' income
SOCIAL SECTOR, EDUCATION
1) See rapid urbanisation as an opportunity, not challenge
2) Constructed 96 mln toilets since Oct 2, 2014
3) To expand Swachh Bharat plan to undertake solid waste mgmt
4) India to be open-defecation-free by Oct 2
5) Over 95% cities have become open-defecation free
6) Identified 1,592 blocks for Jal Shakti Abhiyan
7) To use CAMPA funds for Jal Shakti plan
8) Aim water connection to every household by 2024
9) To set up national research foundation to assimilate all grants
10) To bring new national education policy
11) Will bring in new national educational policy
12) To focus on artificial intelligence, 3D printing
13) Propose to streamline multiple labour laws into 4 codes
14) To improve skills needed abroad like foreign languages
15) To present draft legislation for higher education
16) Propose 'Study in India' plan to bring in foreign students
17) Aim to start programme to bring foreign students to India
18) Regulations on higher education to be reformed
19) Allocated 4 bln rupees for world class institutions
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