Page Contents
Total budget was Rs 61,000 crores
The extra Rs 40,000 crores allotted
Setting up the public system
Block all districts to avoid infectious diseases
Public health laboratories to be set up at block level in all districts;
PM e-Vidya multi-mode control system
One-nation interactive school under DIKSHA for school education
A One-year Television channel for each class;
Extensive use of radios
Special e-content for children of Divyang
Top 100 universities must ultimately be allowed to start online courses by 30 May 2020.
IBC related – debts related to COVID 19 are out of IBC default
No further insolvency lawsuits can be launched for up to a year. i.e No fresh insolvency case will be initiated for up to a year
Minimum limit of IBC would be Rs. 1 Cr. i.e Total insolvency requirement lifted from Rs 1 lakh to Rs 1 crore
Decriminalised all the sections. Few Non Compoundable offenses would become compoundable offenses.
Compounding by ROC
Direct listing in foreign destinations
NCD listing would not be treated as listed companies for the purpose of Companies
Covid-related loans should be exempt from default under IBC
For MSMEs, a special insolvency framework will be notified
Bulk of compound crimes parts to be transferred to the Internal Adjudication System (IAM) and improved RD forces for compounding.
7 compounding crimes dropped entirely and 5 to be dealt with in an alternate system.
Clear listing of shares by Indian listed corporations within international jurisdiction. Pvt firms that issue non-convertible bonds (NCDs) on stock exchanges not to be considered as public entities.
All industries are now open to private parties
The Pvt sector will be able to invest in all markets, while public sector companies will continue to play a significant role.
A new policy that will categorize strategic sectors and others.
List of strategic sectors requiring the presence of PSEs in the public interest shall be notified.
A list of strategic sectors needing the participation of PSEs in the public interest will be identified.
There will be at least one PSE in these strategic sectors, but the pvt sector will also be authorized.
PSEs should be privatized in other industries.
To reduce unnecessary operating expenses, the number of firms in key markets will usually be just three or four, while others will be privatized / mixed / brought under holding companies.
The Center has agreed to raise the State Borowing Limit from 3% to 5% for FY 21. This will provide extra Rs 4.28 lakh crore capital to states.
One Nation One Ration Card,
Ease of Doing Business,
Power distribution,
Urban local body revenues.
Unconditional 0.50 % increase
1% in 4 tranches of 0.25% for each tranche linked to specifically specified tangible & feasible policy actions
0.5 per cent of targets reached in at least 3 of four improvement regions.
Popular Blog :
Post by Rajput Jain & Associates
New cheque clearing process in India starting from October 4, 2025 Existing System (Until Oct 3, 2025) : Clearing Method:… Read More
Overview on Tax Treatment on Gratuity in India What is Gratuity? Gratuity is a lump sum paid by an employer… Read More
Taxation Comparison: Gold Coin vs Gold Jewellery Tax Aspect Gold Coin Gold Jewellery ITR Reporting Treated as a capital asset.… Read More
Crypto Taxation & ITR Reporting Guide Tax on Profits from Crypto (Virtual Digital Assets)- Taxation U/s 115BBH Applicability on Virtual… Read More
Savings Account – Rules for Transactions to Avoid Income Tax Scrutiny The Income Tax Department monitors high-value transactions through banks’… Read More
Quick Guide on GST Marginal Scheme What is GST Marginal Scheme Meaning : The GST Margin Scheme is applicable primarily… Read More
