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As On 08-Jul-2020 EOD, Market Closed
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  • Budget has strengthened the health sector with increased outlay: Dr. Harsh Vardhan

    "The General Budget 2019-20 is a reflection of the pragmatism and visionary governance of our Prime Minister Narendra Modiji. It is development-oriented and people-centric. A landmark budget was presented today by the Finance Minister Smt. Nirmala Sitharaman with the agenda of "putting the nation first". This was stated by Dr. Harsh Vardhan, Union Minister for Health and Family Welfare while welcoming the Union Budget for the year 2019-20. Thanking the Prime Minister Narendra Modiji and the Finance Minister, Dr Harsh Vardhan further said that this is an inclusive budget which is pro-poor, pro-farmer, pro-downtrodden and for the development of all the sectors and the country at large.

    Dr Harsh Vardhan stated that the comprehensive Budget has taken care of all sectors be it agriculture, transport, infrastructure, the social sector, small and medium farmers, women and children, entrepreneurs, youth, senior citizens and safety of citizens. "It is focussed on the development of the rural areas while also ensuring that India looks towards the future with growth in digital sector and start-up India, he added.

    The Union Health Minister further stated that the budget for the Health Ministry shows an appreciable increase of more than18.67% increase in the total outlay. This reflects the importance accorded to the health sector in the country, he added. There is an additional Rs 9859.12 crore allocated in BE 2019-20 against BE 2018-19. The BE 2018-19 was Rs 52800 crore, whereas that of the current FY is Rs. 62659.12 crore, he said. The flagship programme, Ayushmman Bharat has seen an increase of 154.87% (Rs. 4956 crore) which covers the two pillars of Health and Wellness Centres (HWCs) and PMJAY. There has been an increase of 92.44% (Rs. 402.06cr) over previous year in the ASHA Benefit package, whereas an additional Rs. 450.01 (8.57% increase) has been allocated for immunisation, women and children.

    Dr. Harsh Vardhan said that as part of strengthening of the institutions, which form an integral pillar of health systems network in the country, the provision for Infrastructure Maintenance has been increased by 11.42%, whereas for PMSSY, an additional 4.58% has been allocated in BE 2019-20 over the previous FY. In addition, Rs.3000 crore will be raised through Higher Education Financing Agency (HEFA) for PMSSY Projects during FY 2019-20, he added. The allocation for the North Eastern Institutes increased by 77.12%.

    Also, as part of the Union Budget announced today, there has been an increase of 154.24% for FSSAI for strengthening of food testing system in the country including provision of Mobile Food Testing Labs. In addition, the basic excise duty been imposed on Tobacco and Tobacco products, which will help tobacco control efforts.

    The Department incurred an expenditure of Rs 52959.56 crore (i.e. 100.3% of BE 2018-19) during the last financial year.

    As Minister of Science & Technology, Dr Harsh Vardhan said the proposed National Research Foundation (NRF)is a grand step which shall provide an extraordinary direction for consolidation and expansion of research, technology development and technology led innovation, and a new fillip for fulfillment of the vision of Prime Minister's New India. As stated in the Union Budget, NRF will ensure that overall research ecosystem in the country is strengthened with focus on identified thrust areas relevant to our national priorities and towards basic science without duplication of efforts and expenditure.

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Flash News 08-Jul-2020
  •  ( 16:15) Market breaks 5-day winning streak; IT shares drag  
  •  ( 15:03) NCC bags five orders worth Rs 1,396 cr in June 2020 from State Govts.  
  •  ( 14:35) Kolkata-based Jwalamukhi Investment Holdings sold 2.206% stake in CEAT  
  •  ( 13:10) NBCC (India) June 2020 total business secured stands at Rs 431.63 cr  
  •  ( 12:33) BEML closes its loss-making subsidiary, M/s Vignyan Industries, Tarikere  
  •  ( 12:06) Ramco Systems hits the roof after fresh order win  
  •  ( 11:47) Steel Strips Wheels on the roll after fresh export orders  
  •  ( 11:32) Most Asian markets advance  
  •  ( 11:31) Market breadth in favour of buyers  
  •  ( 11:30) Sensex, Nifty trade flat  
  •  ( 11:17) Lupin voluntarily recalls type 2 diabetes drug in US  
  •  ( 11:15) NCL Inds Q1 cement production drops 16% to 4,65,178 metric tonne  
  •  ( 11:09) Maruti Suzuki's total production drops 55% to 50,742 units in June 2020  
  •  ( 10:58) Groupe ADP completes 2nd investment tranche in GMR Infra.'s airport business  
  •  ( 10:31) PSU Banks in demand  
  •  ( 10:30) Sensex, Nifty at the low point of the day  
  •  ( 09:57) Bharti Airtel forms strategic alliance with ZEE5 to unviel new schemes for users  
  •  ( 09:26) Facebook gets allotted 9.99% stake Reliance Industries-owned Jio Platforms  
  •  ( 09:25) Strong market breadth  
  •  ( 09:19) Stocks nudge higher in early trade  
  •  ( 08:04) Wall Street drops as COVID-19 cases mount  
Show News
08 July 2020 00:00
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