Finance Minister Nirmala Sitharaman tables her second Budget in Parliament.
With the economy reeling under one of its worst slowdowns in decades, she is expected to pull out all available measures to give a boost to flailing consumer demand and investment. Meanwhile, personal income tax rate cuts along with some relief for rural and agriculture sectors may also be on cards.
M Kusum Scheme reduced dependence on diesel and kerosene and relied on social energy. Total of 20 lakh farmers can set up standalone solar pumps, she says. Further, she said that government can help 15 lakh solarise grid-connected pump sets, says finance minister Nirmala Sitharaman. Farmers can also use barren land for solar energy and have a livelihood out of it, says FM.
FM translates Kashmiri poem into Hindi. It says, “Hamara vatan khilte huey Shalimar bagh jaisa…hamara vatan Dal jheel me khilte huey Kamal jaisa…Naujawaanon ke garm khoon jaisa…Mera vatan, tera vatan, hamara vatan Duniya ka sabse pyara vatan”
Will double farmer income by 2022, says Finance Minister. A total of 6.11 crore farmers insured under Fasal Bima, says finance minister. She says hand-holding of farm-based activities needs to be done. This, she said, can be done in cooperation with states. Presents a 16-point action plan for this purpose.
Digital revolution will see the next wave, says FM. Will achieve seamless delivery of services through this, says Nirmala Sithara.