Union Finance Minister Nirmala Sitharaman Said This On 5G Technology

Union Finance Minister Nirmala Sitharaman said that the 5G infrastructure launched in India was developed in the country and India was ready to share the technology with others. Ms Sitharaman made this big revelation about 5G technology during an interaction with students at the Johns Hopkins School of Advanced International Studies (SAIS).


• India developed 5G technology said Ms Sitharaman
• She accepted that some parts were imported from other countries
• The country is ready to share its 5G technology with others

What Did Union FM Nirmala Sitharaman Say About 5G Technology?

FM Nirmala Sitharaman Say About 5G Technology

The FM was interacting with students at the Johns Hopkins School of Advanced International Studies (SAIS) when one of the students asked her about the 5G technology launched in India. And Ms Sitharaman was quick in answering that 5G was an indigenous technology.

The story of India’s 5G was to reach the public said Ms Sitharaman. The 5G that the government had launched in the country was completely standalone was her response to the question.

But Ms Sitharaman accepted that there could be some parts imported from countries like South Korea but the technology wasn’t borrowed from a foreign country. She said that 5G was completely indigenous technology and they can provide 5G technology to anyone interested in it.

Also, Ms Sitharaman didn’t forget to feel proud of India developing its 5G infrastructure when she said that on 5G, she thought, they can be immensely proud of India’s achievements.

The 5G technology was recently launched by Prime Minister Narendra Modi. The service is presently available in selected cities but it will soon be available throughout the country.

Source:- https://bit.ly/3RV36Dq

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Budget 2020: 10 Important Points Of The Budget

Finance Minister Nirmala Sitharaman today presented the Union Budget 2020 with the longest-ever budget speech in Parliament. In the speech, she vowed to boost the income and purchasing power of the people.

Highlights of Union Budget 2020

• The FM in her budget speech reiterated PM Modi’s goal of making India a $5 trillion economy. She said that government would empower people through higher growth and meaningful employment.

• In the move to introduce new tax rates, the FM brought down the income tax outgo for people earning Rs. 15 lakh a year by Rs. 78,000 to Rs. 1,97,000.

• FM announced that the government’s debt had reduced to 48.7% of GDP from 52.2% in March 2014. She also said that fundamentals of the economy were strong.

• FM said that the government aims to bring down the fiscal deficit from 3.8% of the GDP (revised estimate 2019-20) to 3.5% of GDP in the financial year ending March 2021.

• The government assigned a budget of Rs. 2.83 lakh crore for agricultural and rural sectors; Rs. 3.6 lack crore for piped water supply to every household; Rs. 99,300 crore for the education sector and Rs. 28,600 crore on central schemes for women.

• In 2019-20, the agricultural credit would be boosted to Rs. 15 lakh crore. The FM said that Non-banking financial companies (NBFs) would help in agriculture.

• The FM assured citizens of safety of their savings in banks by increasing the insurance cover on deposits to Rs. 5 lakh from existing Rs. 1 lakh.

• Healthcare sector got Rs. 69,000 crore with the promise that taxes from medical devices will be invested in … Read the rest

Nirmala Sitharaman’s First budget Approved by Cabinet, She talked on employment creation will fast-track

On Friday, The finance minister Nirmala Sitharaman will present budget 2019 today. She is a first woman finance minister, extensively predictable to expand expenditure and run tax relief budget.

She takes over urgencies of Narendra Modi in his second term after the huge success in elections 2019. The budget will talk about many things such as fiscal consolidation, employment boost, NDA, weak consumption, lessening tax collections and many more.

According to economists, the Finance minister has to announce such measure that boosts the growth of the economy by spending much.

Things we can expect in the budget are:

  1. She will lower corporate tax for small entrepreneurs.
  2. India’s GDP slipped to 5.8%, hence it is a primary focus of the budget
  3. She also has to take disinvestment target, the government may raise 5.8% in disinvestment
  4. She takes steps to boost employment and exports
  5. GDP grows up to 7% in years 2019-2020
  6. Focus on boosting consumption and support small businesses
  7. Build public perception

Source: https://bit.ly/2Ywz2mx

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