The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. Minister of State for Parliamentary Affairs Arjun Ram Meghwal said it was an "extraordinary situation" and that a decision to pass the Bill without any discussion was taken at the all-party meeting. icon. "Even with getting great flexibility with the CARES money, the impact on the budget is going to be severe,'' he said. For example, Florida economists say the state faces faces a $5.4 billion budget deficit over the next two years that will necessitate the budget cuts. Ron DeSantis. [38] Certain defence imports to be exempt from customs duty. "We’ve had an obviously massive financial hit to the state, not unlike the businesses we’ve seen interrupted or closed during this period of time in COVID, which is going to create a significant challenge for us,'' Sprowls told the virtual webinar of about 250 members of the council, which includes members of the chambers of commerce in Miami-Dade, Broward and Palm Beach counties. He said he was impressed with the Department of Health long-term care strike teams and the focus on keeping elders safe. TAMPA MUNICIPAL OFFICE BUILDING306 East Jackson StreetTampa, Florida 33602, "Bienvenidos a Tampa!" The .gov means it’s official. This page was last edited on 22 September 2020, at 10:36. [48][45] Economic Times reports some reasons for this including lack of sops for the automobile or real estate, confusion over new income tax slabs, high divestment targets [₹2,100 billion (US$29 billion)] and abolition of dividend distribution tax.[45]. "The No. [23] Defence pensions have been allocated ₹130 billion (US$1.8 billion) while development of the Union Territory of Jammu and Kashmir has been allocated ₹307.57 billion (US$4.3 billion) and the Union Territory of Ladakh ₹59.58 billion (US$840 million). "Because we’re coming into this so strong, because of our low regulations for businesses, we are going to be able to get on our feet even quicker,'' he predicted. ", "Budget 2020: FM Sitharaman announces 16-point action plan for agriculture", "Budget 2020 highlights: New income tax slabs, record allocation for transport", "Union Budget 2020: Winners and losers - Times of India", "Budget 2020: Healthcare sector allocation rises to Rs 69,000 crore", "Union Budget 2020: Healthcare Budget Up 10%, Cess On Medical Equipment", "Budget 2020: Govt plans to raise funds through LIC IPO", "Budget 2020 Live updates: Highlights of Nirmala Sitharaman Budget; Income tax slabs changed for individuals with income 5lac-15lac", "Budget 2020: FM announces new income tax slabs and rates, tweaks exemption structure", "Finance Minister Nirmala Sitharaman proposes taxpayer charter in Budget speech, says wealth creators will be respected", "International bullion exchange to check business to Dubai, Singapore: Officials", "Non-taxpaying NRIs to be taxed in India: FM", "NASSCOM's analysis of the Union Budget 2020-21", "India Releases: 2020-21 Union Budget - Glimpses Of Budget 2020", "Union Budget: Rs 600 crore allocated for PM Modi's SPG protection", "Budget 2020 reactions live: How industries and corporates responded", "Budget 2020 LIVE Updates: Budget has vision and action, says Narendra Modi; govt has given up on reviving economy, claims Chidambaram", "Money no substitute for freedom: Chidambaram on funds given to J-K, Ladakh", "Lot of repetition, rambling: Rahul Gandhi slams Budget 2020", "Budget 2020 Live updates: Highlights of Nirmala Sitharaman Budget; FM cuts short Budget speech after feeling unwell", "Bloodbath on D-St: Five reasons why Budget sent Sensex tumbling 1,000 pts", "Budget looks reasonable, tries to make life easier for middle class: Swaminathan Aiyar", "Budget 2020 Highlights: Budget to unlock potential of health, education and infra sectors, says SBI Chairman", "Stock market at odds with Union Budget 2020; SENSEX slips over 1,000 pts, NIFTY at 11,643", "Lok Sabha passes Finance Bill, 2020 without discussion in Wake of Coronavirus Outbreak". The division controls expenditures within approved appropriations, prepares budget resolutions, adjustments, budget-related briefings and summaries, and administers the Community Development Block Grant program. ₹1,387 billion (US$19 billion) allocated for the welfare and upliftment of Scheduled Tribes and Scheduled castes and other Backward Classes. [15] Investments in India will be shifted to other countries such as China and Malaysia.

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