Union Budget 2019: GK, Current Affairs, Questions, Trivia and News

Ex-Servicemen Contributory Health Scheme (ECHS)

The ECHS is a government-funded scheme which aims to provide high quality and improved facilities for healthcare to the various Ex-Servicemen Pensioners and their associated dependents via a network of ECHS Polyclinics, Service medical facilities, and Empanneled Civil & Govt hospitals all over the country. What is the Ex-Servicemen Contributory Health Scheme (ECHS)? The ECHS ..

Tweaks to the FPIs in Union Budget

The Indian Government has made a few tweaks to the norms of foreign portfolio investors (FPIs) to attract funding for the Indian capital market. What has happened? The Indian Government had, in the recent Union Budget, announced that increased surcharge will now be applicable to the FPIs. The Indian Government had levied an increase in ..

Budget 2019 : Education

Union Budget 2019 has made a significant investment in the field of education. Salient Features The Union Budget has a 12.8 % year-on-year (YoY) increase in the FY20 allocation for school education. An amount of Rs 56,536.63 crore has been allocated for school education in Budget 2019. On the higher education front, the allocation has ..

Budget 2019 : Railways

The Union Budget 2019 had the following to say about the Indian Railways in its annual document. Salient Features in the Budget for the Indian Railways Capital expenditure of Rs 1,60,175.64 crore has been allocated for the Railways Ministry for 2019-20. This is the highest-ever allocation made to Indian Railways. The money for the outlay ..

Budget 2019 : Electric Vehicles

The Union Budget 2019 has laid a clear road-map for the mobility on Indian roads in the future. It is evident that the Indian Government wants more electric vehicles on the Indian Roads. What steps are being taken for Buyers? Imported and assembled cars are have been made more expensive due to the heightened customs ..

Budget 2019 : New Rs 20 coin

A new coin of Rs 20 denomination is to be launched in the Indian market. The details of the new Rs 20 coin are as follows- The new Rs 20 coin will have a 12-edged polygon (dodecagon) shape. It will be made of copper, zinc and nickel. The dimensions of the new coin will be ..

Budget 2019 : Borrowings/ Government Debt

The Union Budget had the following to say on the government debt- India s sovereign external debt to GDP is less than 5%. It is among the lowest globally among major economies. The Indian Government needs to borrow some money from the markets to fund its spending programs. This amount, when borrowed on the domestic ..

Budget 2019 : Digital payments

To further encourage people to use digital payments as the preferred mode of their transactions, the Union Budget has announced the following measures to make digital payments successful- A 2% tax deduction at the source is proposed for all cash withdrawals exceeding Rs 1 crore in a year from a bank account. To encourage a ..