Best Stocks for 2020|| Union Budget Analysis by Vipul Kaushik || Bookings Open #Jaipur 7827286174

Highlights of Budget 2020

Manufacturing
Scheme focused on encouraging manufacture of mobile phones, electronic equipment and semiconductor packaging to be introduced
To encourage private sector to build Data Centre Parks throughout the country
Subsidy
Food subsidy seen at ₹1.15 trillion ($16.18 billion) in 2020/21
Petroleum subsidy seen at ₹409.15 billion ($5.76 billion) in 2020/21
Fertiliser subsidy ₹713.09 billion ($10.03 billion) in 2020/21
For Power sector
India to provide ₹273 billion ($3.84 billion) for promotion of industry and commerce
Firms operating old thermal power plants advised to shut units if emission norms not met
India to allocate ₹44 billion ($619.11 million) for clean air incentives in cities with over 1 million people
Manufacturing
Scheme focused on encouraging manufacture of mobile phones, electronic equipment and semiconductor packaging to be introduced
To encourage private sector to build Data Centre Parks throughout the country
₹80 billion ($1.13 billion) over five years to be provided for quantum technologies and applications
Milk processing capacity to be doubled by 2025
More airports, highways
India to develop 100 more airports by 2024
India to monetize over 6,000 km of highways in 12 lots by 2024
India to privatize at least one major port
Things that will become dearer
Customs duty on walnuts raised to 100% from 30%
Customs duty on autos and auto parts raised by up to 10%
Customs duty on platinum and palladium cut to 7.5% from 12.5% for certain purposes
Nominal health cess of 5% on import of medical devices
SUBSIDY
* Food subsidy seen at ₹1.15 trillion in 2020/21
* Petroleum subsidy seen at ₹409.15 billion in 2020/21
* Fertiliser subsidy ₹713.09 billion in 2020/21
GROWTH/DEFICIT
• Nominal GDP growth in 2020/21 estimated at 10%
• Fiscal deficit for 2019/20 seen at 3.8% of GDP
• Fiscal deficit for 2020/21 seen at 3.5% of GDP
• Fiscal deficit for 2021/22 seen at 3.3% of GDP
• Fiscal deficit for 2022/23 seen at 3.1% of GDP
• Revenue deficit seen 2.7% of GDP in FY21

Ayushman Bharat
Union Budget 2020 allocated ₹69,000 crore for healthcare sector. Out of the total amount, ₹6,400 crore will be sanctioned for Ayushman Bharat Yojna.
Ayushman Bharat scheme provides health assurance cover of up to ₹5 lakh per family and is targeted to cover over 10 crore poor and vulnerable families.

Here's a list of key budgetary allocations
-agriculture allocation ₹1.38 lakh crore
-rural development allocation ₹1.23 lakh crore
-agriculture and rural allocation ₹2.83 lakh crore
-agriculture credit target ₹15 lakh crore
-education allocation at ₹99,300 crore
-healthcare allocation at ₹69,000 crore
-transport infra allocation at ₹1.7 lakh crore
-Budget 2020 removed 70 exemption from personal income tax
-For MSME sector

Audit threshold for MSMEs raised to ₹5 crore from ₹1 crore
-More on tax front
-100% tax exemption on Sovereign Wealth Funds' Indra Investment.
-Concessional 5% withholding tax extended to municipal bonds, Nirmala Sitharaman
-FM Nirmala Sitharaman on the new tax regimes: Lowest, simplest, smoothest
On DDT
Dividend Distribution Tax to be removed, companies will not be required to pay DDT, dividend to be taxed only at the hands of recipients at applicable rates
-Huge relief for individuals
Here are the new income tax slabs
0 - 2.5 lakh - exempted
₹2.5 lakh - ₹5 lakh - 5%
₹5 lakh - ₹7.5 lakh - 10% (20% earlier)
₹7.5 lakh - ₹10 lakh - 15% (20% earlier)
₹10 lakh to ₹12.5 lakh - 20% (30% earlier)
₹12.5 lakh - ₹15 lakh - 25% (30% earlier)
No change in tax rates above ₹15 lakh
- Personal income tax is at lowest rate of all time, Nirmala Sitharaman
-Income tax rates will be significantly reduced for those who forego reliefs, exemptions, said FM Sitharaman
-Personal tax simplified
-For income between ₹12.5 lakh to 15 lakh, the income tax rate will be 25%
-For income more than 15%, it will attract an income tax will be charged at 30%
-Personal tax rates reduced
-Individuals have to pay 10% income tax for income between ₹5- ₹7.5 lakh
-For income tax between ₹7.5 lakh- ₹10 lakh, he or will she will have pay 15%
-Those earning ₹10 lakh- ₹12.5 lakh, will be charged 20% income tax
-Central government on Saturday proposed an outlay of ₹27,300 crore for the development of industry and commerce during 2020-21
-Power to power sector
-India to provide ₹273 billion or promotion of industry and commerce
-Firms operating old thermal power plants advised to shut units if emission norms not met
-India to allocate ₹44 billion for clean air incentives in cities with over 1 million people
-FY21 divestment target pegged at ₹2.1 lakh crore
-Skill India initiative

1) #Hyderabad on 9Feb2020
2) #Jaipur on 23 Feb 2020
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