Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li>Finance Minister of India, <keyword id="129243" type="PERSON" weightage="20" keywordseo="Nirmala-Sitharaman">Nirmala Sitharaman</keyword> reiterated the need for sustainable water management system in India. </li></ul><ul><li>The government has already identified 1592 block in 256 districts which are facing water crisis and is planning to infuse additional funds. </li></ul><ul><li>India is suffering from its worst-ever water crisis in history. </li></ul>Finance Minister of India, Nirmala Sitharaman reiterated the need for sustainable water management system in India. She said, Constitution of Jal Shakti Mantralaya was a big step in water management-- the ministry will look at water-related issues in a holistic manner and will ensure water supply in every household by 2024. The government has already identified 1592 block in 256 districts which are facing water crisis and is planning to infuse additional funds. India is suffering from its worst-ever water crisis in history. It has already started affecting hundreds and millions of lives and livelihoods across the country. A large number of people are now washing utensils in dirty water, to save the clean water for cooking and drinking. There won’t be any relief anytime soon as the southwest monsoon — accounting 80% of India’s rainfall — is late and is expected to be <a href="https://economictimes.indiatimes.com/news/politics-and-nation/monsoon-to-be-below-normal-over-north-south-india-imd/articleshow/69602283.cms">lower than usual</a> in both north and south India. As many as 100 million people in the country are suffering from the nation-wide water crisis. Moreover, 21 major cities are expected to be devoid of groundwater by 2020, says government think tank NITI Aayog Only some parts of the country have received rainfall — that too almost a week late. Apart from the water crisis, the harsh heatwaves in the country took more than <a href="https://edition.cnn.com/2019/06/22/india/chennai-india-water-crisis-intl/index.html">137 lives </a>. India’s dwindling water sources worsened the situation. <a href="http://202.159.215.252:83/DocumentUploadRoot/DocumentId_32837/20.06.2019_CWC_Bull.pdf">According to the Central Water Commission</a>, two-thirds water reservoirs in the country are below normal levels. More than 100 districts across the country are officially affected by drought. Most of the districts (80%) in Karnataka and Maharashtra (72%) are hit by drought and crop failure. As many as 8.2 million farmers are struggling for livelihood. With scarcity comes strife. The state governments of Karnataka and Maharashtra — are now fighting over sharing water resources. Not only this, New Delhi, Bengaluru, Chennai and Hyderabad are amongst the 21 cities that will run out of groundwater by 2020. This will affect as many as 100 million people, claims a report by NITI Ayog. Furthermore, 40% of India’s population will struggle for drinking water by 2030. With India’s water crisis deepening by the day, Prime Minister Narendra Modi recently created Ministry of Jal Shakti that is going to look after the water resource management. Modi also reiterated his promise to provide piped water to every rural house in India by 2024. The Drought Early Warning System (DEWS) reported that 43.4% areas in the country are under drought as of 30 May 2019. A delayed monsoon is among the primary reasons for the current crisis.

Every household in India will get water supply by 2024 under the ‘Jal-Jeevan Mission’ says Nirmala Sitharaman

New Delhi, Feb 1 () The government has approved a budgetary allocation of Rs 11,500 crore for Jal Jeevan Mission for the year 2020-21, Finance Minister Nirmala Sitharaman said on Saturday.
Aiming to provide piped water supply to all households, Prime Minister Narendra Modi had announced from the Red Fort the Jal Jeevan Mission, Sitharaman said while presenting the Union Budget for 2020-21.
"Our government has approved Rs 3.60 lakh crore for this mission. During the year 2020-21, the scheme would be provided budget of Rs 11,500 crore," she said.
The scheme places emphasis on augmenting local water sources, recharging existing sources and will promote water harvesting and de-salination, the minister noted.
Cities with over a million population will be encouraged to meeting this objective during the current year itself, she added. ABI ABI BAL
BAL

Govt allocates Rs 11,500 cr for Jal Jeevan Mission for FY21

<ul><li>By 2022, all villages will have water, electricity and clean cooking facilities. </li><li>Additional deduction of up to ₹1,50,000 for interest paid on loans borrowed up to March 31, 2020 for purchase of an affordable house valued up to ₹45 lakh. </li><li>Enhance surcharge on individuals having taxable income from ₹2 crore to ₹5 crore and ₹5 crore and above so that effective tax rates for these two categories will increase by around 3 % and 7 % respectively. </li></ul>The Finance Minister Nirmala Sitharaman unveiled her maiden Budget covering aspects of startups, education, home loans, disinvestment and many others. Here are key announcements made by her, from her Budget speech. The Indian economy will grow to become a $3 trillion dollar economyin the current year. In Purchasing Power Parity terms, we are in fact, the third largest economy already, only next to China and the USA. Rail &amp; Land Railways should take up Public Private Partnership in Railways to unleash faster development and completion of tracks, rolling stock manufacturing and delivery of passenger freight services. Current (house) rental laws are archaic and do not address the relationship between the Lessor and the Lessee realistically and fairly. A Model Tenancy Law will also be finalized and circulated to the states. Large public infrastructure can be built on land parcels held by Central Ministries and Central Public Sector Enterprises all across the country. Through innovative instruments such as joint development and concession, public infrastructure and affordable housing will be taken up. Small businesses &amp; Artisans Government will create a payment platform for MSMEs to enable filing of bills and payment thereof on the platform itself. Pension benefits to about three crore retail traders and small shopkeepers whose annual turnover is less than ₹1.5 crore, is extended. The Scheme of Fund for Upgradation and Regeneration of Traditional Industries’ (SFURTI) envisions setting up 100 new clusters during 2019-20 which will aid 50,000 artisans. The Scheme contemplates to set up 80 Livelihood Business Incubators (LBIs) and 20 Technology Business Incubators (TBIs) in 2019-20 to develop 75,000 skilled entrepreneurs in agro-rural industry sectors. FDI &amp; Disinvestment The Government will examine suggestions of further opening up of FDI in aviation, media (animation, AVGC) and insurance sectors in consultation with all stakeholders. 100% Foreign Direct Investment (FDI) will be permitted for insurance intermediaries. Local sourcing norms will be eased for FDI in single brand retail sector. I propose to increase the statutory limit for foreign portfolio investors (FPI) investment in a company from 24% to sectoral foreign investment limit with option given to the concerned corporates to limit it to a lower threshold. FPIs will be permitted to subscribe to listed debt securities issued by ReITs and InvITs. The cumulative resources garnered through Infrastructure Investment Trusts (InvITs), Real Estate Investment Trusts (REITs) and toll operate transfers exceeded ₹24,000 crore. Government is setting an enhanced target of ₹1,05,000 crore of disinvestment receipts for the financial year 2019-20. It is right time to consider increasing minimum public shareholding in the listed companies. I have asked SEBI to consider raising the current threshold of 25% to 35%. I propose to initiate steps towards creating an electronic fund raising platform – a social stock exchange - under SEBI to list social enterprises. Rural Growth By 2022, I would like to assure the nation that every single rural family, except those who are unwilling to take the connection will have electricity and a clean cooking facility. In the second phase of Pradhan Mantri Awas Yojana –Gramin, 1.95 crore houses are proposed to be provided to the eligible beneficiaries. Pradhan Mantri Gram Sadak Yojana phase III will look to upgrade 1,25,000kms of roads over the next five years, with an estimated cost ofRs 80,250 crore. Water &amp; Sanitation Ensuring India’s water security and providing access to safe and adequate drinking water to all Indians is a priority of the Government. A new Mantralaya will look at the management of water resources. It will work to ensure Har Ghar Jal (piped water supply) to all rural households by 2024 under the Jal Jeevan Mission. More than 95% of cities also have been declared ODF. More than 45,000 public and community toilets across 1700 cities have been uploaded on Google maps, covering more than 53% of India’s urban population. Women &amp; Education An amount of₹400 crore has been provided under the head, “World Class Institutions”, for FY 2019-20, more than three times the revised estimates for the previous year. I propose to start a programme, ‘Study in India’, that will focus on bringing foreign students to study in our higher educational institutions For every verified women SHG self-help group member having a Jan Dhan Bank Account, an overdraft of 5,000 shall be allowed. One woman in every SHG will also be made eligible for a loan up to1 lakh under the MUDRA scheme. Banks &amp; NBFCs Public Sector Banks are now proposed to be further provided ₹70,000 crore capital to boost credit for a strong impetus to the economy. For purchase of high-rated pooled assets of financially sound NBFCs, amounting to a total of Rupees one lakh crore during the current financial year, Government will provide one time six months' partial credit guarantee to Public Sector Banks for first loss of up to 10%. Reserve Bank of India (RBI) is the regulator for NBFCs.However, RBI has limited regulatory authority over NBFCs.Appropriate proposals for strengthening the regulatory authority of RBI over NBFCs are being placed in the Finance Bill. I am proposing to return the regulation authority over the housing finance sector from NHB to RBI. To facilitate on-shoring of international insurance transactions and to enable opening of branches by foreign reinsurers in the International Financial Services Centre, it is proposed to reduce Net Owned Fund requirement from₹ 5,000 crore to₹1,000 crore. India’s sovereign external debt to GDP is among the lowest globally at less than 5%. The Government would start raising a part of its gross borrowing programme in external markets in external currencies. Lowering Tax We continue with phased reduction in corporate tax rates. Currently, the lower rate of 25% is only applicable to companies having annual turnover up to ₹250 crore. I propose to widen this to include all companies having annual turnover up to ₹400 crore. This will cover 99.3% of the companies. Our government will provide additional income tax deduction of ₹1.5 lakh on the interest paid on loans taken to purchase electric vehicles. This amounts to a benefit of around ₹2.5 lakh over the loan period to the taxpayers who take loans to purchase electric vehicle. Interest paid on housing loans is allowed as a deduction to the extent of ₹2 lakh in respect of self-occupied property. I propose to allow an additional deduction of up to ₹1,50,000 for interest paid on loans borrowed up to March 31, 2020 for purchase of an affordable house valued up to₹45 lakh. This will translate into a benefit of around ₹7 lakh to the middle class home-buyers over their loan period of 15 years. Levying taxes I propose to levy tax deducted at source TDS of 2% on cash withdrawal exceeding ₹1 crore in a year from a bank account. Business establishments with annual turnover more than ₹50 crore shall offer such low cost digital modes of payment to their customers and no charges or Merchant Discount Rate shall be imposed on customers as well as merchants. I propose to enhance surcharge onindividualshaving taxable income from ₹2 crore to ₹5 crore and ₹5 crore and above so that effective tax rates for these two categories will increase by around 3 % and 7 % respectively. Duties Import of defence equipment that are not being manufactured in India are being exempted from basic customs duty. To encourage domestic publishing and printing industry, 5% custom duty is being imposed on imported books. I propose to increase Special Additional Excise duty and Road and Infrastructure Cess each by one Rupee a litre on petrol and diesel. It is also proposed to increase custom duty on gold and other precious metals from 10% to 12.5%. Nominal basic excise duty is being imposed on tobacco products and crude oil. Aadhar &amp; Startups I propose to consider issuing Aadhaar Card for Non-Resident Indians with Indian Passports after their arrival in India without waiting for 180 days. I propose to make PAN and Aadhaar interchangeable and allow those who do not have PAN to fileIncome Taxreturns by simply quoting their Aadhaar number andalso use it wherever they are required to quote PAN. To resolve the so-called ‘angel tax’ issue, the start-ups and their investors who file requisite declarations and provide information in their returns will not be subjected to any kind of scrutiny in respect ofvaluations of share premiums. <table style="border-width: initial; border-style: none;"></colgroup></colgroup><tbody></tbody></table>

Union Budget 2019 Highlights: FM levies more tax on the Super-rich, while making home loans cheaper for the middle class

You Searched For "Jal jeevan scheme" and got 3 results

Every household in India will get water supply by 2024 under the ‘Jal-Jeevan Mission’ says Nirmala Sitharaman

BI India Bureau

Govt allocates Rs 11,500 cr for Jal Jeevan Mission for FY21

PTI

Union Budget 2019 Highlights: FM levies more tax on the Super-rich, while making home loans cheaper for the middle class

BI India Bureau

Popular Keywords

Buying Guides