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Budget 2020: Insurance Cover for Bank Depositors Raised to Rs 5 Lakh

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Budget 2020: Insurance Cover for Bank Depositors Raised to Rs 5 Lakh WWW.YUGMARG.COM FOLLOW US ON REGD NO. CHD/0061/2006-08 | RNI NO. 61323/95 Sunday, February 2, 2020 CHANDIGARH, VOL. XXV, NO. 7, PAGES 8, RS. 2 YOUR REGION, YOUR PAPER Rolling Sculptures: Jennifer wore Rs “Neha Kakkar and he 65th Ama- BMW brings Andy 68,000 silver thread Guru Randhawa zon Filmfare Warhol’s Art Car to work bridal dupatta on TikTok” Awards are set in Beyhadh 2 to take place India. on 15th February PAGE 8PAGE 8 PAGE 8 PAGE 8 Government to launch scheme for exporters to reimburse state levies this year: Sitharaman Budget 2020: Insurance cover for NEW DELHI: With an aim to boost dwindling outward shipments, Finance Minister Nirmala Sitharaman on Saturday said a scheme for exporters will be launched this year to reimburse taxes and duties paid by them. It is proposed to digitally refund to exporters, duties and taxes levied at the centre, state, and lo- bank depositors raised to Rs 5 lakh cal levels, she said while presenting the Union Budget for 2020-21. These taxes include value added tax (VAT), electricity duties and fuel used for transportation, which are not getting exempted or refunded under any other existing mechanism. AGENCY deposit insurance coverage vides insurance cover on 5 lakh per depositor, the Fi- provides Rs 1 lakh insur- This scheme for remission of duties and taxes on “exported products will be launched from this NEW DELHI, FEBRUARY 1 by five times to Rs 5 lakh. bank deposits. Deposit in- nance Minister said her ance to a depositor regard- year itself,” she said. The move assumes significance as merchandise export from India Deposit Insurance and surance coverage will be Budget speech in Lok Sab- less of deposit in case the scheme (MEIS) was not in compliance with global trade rules. Finance Minister Nirmala Credit Guarantee Corpora- enhanced from Rs 1 lakh to ha. At present, the DICGC lender fails or liquidated. Sitharaman on Saturday tion (DICGC), a wholly said the government has owned subsidiary of the Re- permitted DICGC to raise serve Bank of India, pro- 100 more airports to be developed by 2025 to support UDAN scheme NEW DELHI, FEBRUARY 1 Finance Minister Nirmala Sitharaman on Saturday said 100 more airports will be developed by 2025 to support the UDAN scheme. Presenting the Budget for 2020-21, Sitharaman said Rs 1.7 lakh crore has been provided for transport infrastructure in 2020-21. She also said 1,150 trains will run under the public private part- nership (PPP) mode, also four stations will be redeveloped with the help of the private sector. Besides, the minister promised more Tejas type trains to connect tourist destinations. She said a proposal for setting up large solar power capacity alongside rail track is under consideration. FM Nirmala Sitharaman cuts short Budget speech after feeling unwell NEW DELHI:Finance Minister Nirmala Sitharaman on Sat- urday cut short her Budget speech as she felt unwell after speaking for a record 160 minutes in Lok Sabha. Sitharaman had only two pages of her Budget speech un- read when she appeared uneasy and was seen wiping sweat from her forehead. She was offered candies by her ministerial colleagues, but that did not help, and she opted to discontinue the speech asking Speaker Om Birla to consider the remaining part of her speech as read. This was the longest Budget speech by any finance minis- ter. Govt sets agricultural credit target at Rs 15 lakh crore for FY21: Sitharaman NEW DELHI, FEBRUARY 1 The government has pegged the agricultural credit target at Rs 15 lakh crore for fiscal 2020-21, Finance Minister Nirmala Sitharaman said on Saturday. In her second Budget presentation, the Finance Minister also said Nabard refinance scheme will be expanded. She further said Indian Railways will set up Kisan Rail in public–private partnership (PPP) mode for cold supply chain to transport perishable goods. Also, Krishi Udaan will be launched by Civil Aviation Ministry to transport agri-products to national as well international destina- tions. The government will also promote one horticulture crop in one district on cluster basis, she said, adding that horticulture with 311 MT exceeded production of food grains. She also said the government will take steps for conservation of marine fishery, and self help groups will be allowed to set up village agri-storage facilities. Step-motherly treatment meted out to Delhi again: Kejriwal on Union Budget NEW DELHI: Chief Minister Arvind Kejriwal on Saturday alleged that step-motherly treatment has been meted out to Delhi again in the Union Budget. Kejriwal took to Twitter to express his disappointment over the Budget for 2020-21 presented by Finance Minister Nirmala Sitharaman on Saturday and asked, "When Delhi doesn't figure in the BJP's priorities, why should people vote for it?" Atomberg’s energy-efficient smart fans help Chandigarh households CHANDIGARH: Electricity bills have been increasing year on year for every household. And it is not just because of your air- conditioners. One of the biggest sources of power consumption (next only to AC) are the ceiling fans. Every household has 4-5 fans and most of them run for 8-10 hrs a day at a minimum. And these fans consume 80-100 Watts. But BLDC ceiling fans are about to change this scenario. Chandigarh’s residents draw a very high per capita income, which is among the highest in the country. Families in Chandigarh are aspirational in nature and look forward to purchasing goods and services that assure maxi- mum value for money. Recent research studies state that con- sumers are constantly on a lookout for smart products and are in- terested in energy conservation, IOT and smart devices. Com- pared to normal fans, BLDC fans consume 65-70% less electrici- ty. Started by IIT Bombay Graduates in 2012, Atomberg’s energy- efficient BLDC fans consume just 28 Watts resulting in a saving of Rs 1500-Rs 2000 per year for every fan changed. IIT Genius- Unleash the Academic Genius & Seize the Opportunity of a Lifetime CHANDIGARH: Since the very beginning, FIITJEE has incorpo- rated the essence of a True Guru within its system. Consequent- ly, FIITJEE has not only revolutionized IIT-JEE training industry, but has also set very high standards of transparency & ethics in its system. While IITs & IIMs are struggling to get good faculty, FI- ITJEE has proved that with strategic training and right approach, excellent faculty selected even from top IIT’s and IIM’s can be evolved. As our expedition of innovated excellence completes 27 years in 2019, we dedicate a revolutionary service to the Genius- es of India – IIT Genius Scholarships. Top 10 Students from each Class VIII, IX, X & XI will be bestowed with the Honour of ‘IIT Ge- nius Title’ and will also get their Education at any IIT sponsored by FIITJEE. Nintendo CEO Says No Plans to Launch New Switch Model in 2020 Thousands of candles can be lighted NEW DELHI: Nintendo CEO Shuntaro Furukawa said the gaming company has no from a single candle, and the life of the candle plans to launch a new Switch model this year. Nintendo launched a handheld-only PAGE version of its hit console in September, driving demand for the hit device through the will not be shortened. Happiness never decreases year-end shopping season. There have been media reports the company is by being shared. preparing an upgraded version of the Switch. Nintendo's shares were trading down 4 2 percent on Friday morning, a day after the company upgraded its Switch sales forecast for the year ending March to 19.5 million units - a number seen as conservative by many analysts. To recall, the Japanese gaming giant on Thursday reported a leap in sales and profit for the nine months to December, upgrading its Buddha full-year profit forecast on strong demand for its popular Switch console. et profit for April-December rose 16.4 percent from a year earlier to JPY 196.4 billion NATION ($1.8 billion), with sales for the period up 2.5 percent at JPY 1.0 trillion. YUGMARG, CHANDIGARH, SUNDAY, FEBRUARY 2, 2020 Aviation Ministry’s Krishi Udan Scheme to help transport agricultural produce AGENCY, connectivity. Under the scheme, financial incentives NEW DELHI FEB 1 in terms of concessions from the Centre, state governments and airport operators are extended to Finance Minister Nirmala Sitharaman on Saturday selected airlines to encourage operations from said the Aviation Ministry will launch the Krishi unserved and undeserved airports, and keep airfares Udan scheme to assist farmers in transporting affordable. As at least half of the seats in Udan flights agricultural products so that it improves their "value are offered at subsidised fares, and the participating realisation". carriers are provided a certain amount of viability "Krishi Udan will be launched by the Ministry of gap funding (VGF) -- an amount shared between the Civil Aviation on international and national routes. Centre and the state concerned. In Udan 4.0, the This will immensely help improve value realisation VGF has been enhanced for aircraft having more (on agricultural products), especially in the north- than 20 seats and that would operate in priority areas east and tribal districts," said Sitharaman during her -- Ladakh, Jammu and Kashmir, Himachal Pradesh, budget speech. The Modi government had launched Uttarakhand, northeastern states, Andaman and Udan Scheme in 2016 to improve regional Nicobar Islands and Lakshadweep. Draw for Pre Nursery and Nursery Class held at Learning paths School , Sector 67 , Mohali CLASSIFIED I Trilok Singh S/o Darshan Singh I, Go g i S h a r m a S / o Pawan I, Manju W / o H a r p r e et Singh I, Sunil S/o Hawa Singh R/o Village I Venkata Kalyani Alajangi W/o I, Navjoyt Singh S/O Gurmeet I Kamaljeet Singh Thind S/o I Gurjinder Singh R/O Village R/o H.No.
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