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A Sound Financial Sector

Published By : Admin | February 1, 2020 | 17:25 IST

This budget, as per the vision of the Prime Minister, is dedicated to provide Ease of Living to all citizens. This in turn is grouped under three broad themes – Aspirational India, Economic Development and Caring India, said the Union Minister for Finance & Corporate Affairs Smt Nirmala Sitharaman while presenting the Union Budget 2020-21 in Parliament today. According to her, the Ease of Living is supported by two factors, one being corruption-free, policy driven Good Governance and a clean & sound financial sector.

The Finance Minister said that an important aspect of both the Ease of Living and Ease of Doing Business is fairness and efficiency of tax administration. She reassured the taxpayers that the Government is committed to taking measures to protect the citizens form harassment of any kind.

Reforms in Recruitment

Talking about other major Governance reforms in recruitments to Non–Gazetted posts in governments and public sector banks, the Finance Minister proposed to setup a National Recruitment Agency (NRA) as an independent, professional, specialist organization for conduct of a computer based online common eligibility test for recruitment. A test centre is every district, particularly Aspirational districts, would be setup. She further proposed to evolve a robust mechanism for appointment including direct recruitment to various tribunals and specialized bodies constituted for speedy disposal of commercial and other disputes.

Mentioning about laying down a roadmap towards modernized data collection, integrated information portal and timely dissemination of information, the Finance Minister said that there is a growing need for the Indian Statistical System to meet challenges of real time monitoring of our increasingly complex economy. She stressed that Data must have strong credibility and highlighted that the proposed new National Policy on Official Statistics would use latest technology including Artificial Intelligence.

Focus North East

North Eastern region being very high on government’s development agenda, smooth access to financial assistance from multilateral and bilateral funding agencies to help introduce innovative and global best practices is being ensured. The Central government has effectively used an online portal to improve the flow of funds to the North East, the Finance Minister said.

All-round Development of Jammu & Kashmir and Ladakh

Smt Sitharaman stated that the government is fully committed to supporting all-round development of the newly formed UTs of J&K and Ladakh. Accordingly, an amount of Rs 30,757 crore has been provided for the FY 2020-21. An amount of Rs 5,958 crore has been provided for the UT of Ladakh.

G-20 Presidency in 2022

Underscoring India’s G-20 presidency in 2022, the Finance Minister noted that India would be able to drive the global economic and development agenda considerably through this opportunity. For this historic occasion, the government proposes to allocate a sum of Rs 100 crore to begin the preparations, she stated.

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Prime Minister urges MPs to vote in favour of Nari Shakti Vandan Adhiniyam Amendment, Calls it Historic Opportunity
April 17, 2026

The Prime Minister, Shri Narendra Modi, has highlighted that a discussion is currently underway in Parliament on the amendment to the Nari Shakti Vandan Adhiniyam, noting that deliberations continued till 1 AM last night.

He stated that all misconceptions surrounding the amendment have been addressed with logical responses, and every concern raised by members has been resolved. The Prime Minister added that necessary information, wherever lacking, has also been provided to all members, ensuring that issues of opposition have been clarified.

Emphasising that the issue of women’s reservation has witnessed political debates for nearly four decades, the Prime Minister said that the time has now come to ensure that women, who constitute half of the country’s population, receive their rightful representation.

He observed that even after decades of independence, the low representation of women in the decision-making process is not appropriate and needs to be corrected.

The Prime Minister informed that voting in the Lok Sabha is expected shortly and urged all political parties to take a thoughtful and sensitive decision by voting in favour of the women’s reservation amendment.

Appealing on behalf of the women of the country, he urged all Members of Parliament to ensure that no action hurts the sentiments of Nari Shakti. He noted that crores of women are looking towards the Parliament, its intent, and its decisions.

The Prime Minister called upon MPs to reflect upon their families-mothers, sisters, daughters, and wives—and listen to their inner conscience while making the decision.

He described the amendment as a significant opportunity to serve and honour the women of the nation and urged members not to deprive them of new opportunities.

Expressing confidence, the Prime Minister said that if the amendment is passed unanimously, it will further strengthen Nari Shakti as well as the country’s democracy.

Calling it a historic moment, he urged all members to come together to create history by granting rightful representation to women, who form half of India’s population.

The Prime Minister wrote on X;

“संसद में इस समय नारीशक्ति वंदन अधिनियम में संशोधन पर चर्चा चल रही है। कल रात भी एक बजे तक चर्चा चली है।

जो भ्रम फैलाए गए, उनको दूर करने के लिए तर्कबद्ध जवाब दिया गया है। हर आशंका का समाधान किया गया है। जिन जानकारियों का अभाव था, वो जानकारियां भी हर सदस्य को दी गई हैं। किसी के मन में विरोध का जो कोई भी विषय था, उसका भी समाधान हुआ है।

महिला आरक्षण के इस विषय पर देश में चार दशक तक बहुत राजनीति कर ली गई है। अब समय है कि देश की आधी आबादी को उसके अधिकार अवश्य मिलें।

आजादी के इतने दशकों बाद भी भारत की महिलाओं का निर्णय प्रक्रिया में इतना कम प्रतिनिधित्व रहे, ये ठीक नहीं।

अब कुछ ही देर लोकसभा में मतदान होने वाला है। मैं सभी राजनीतिक दलों से आग्रह करता हूं… अपील करता हूं...

कृपया करके सोच-विचार करके पूरी संवेदनशीलता से निर्णय लें, महिला आरक्षण के पक्ष में मतदान करें।

मैं देश की नारी शक्ति की तरफ से भी सभी सदस्यों से प्रार्थना करूंगा… कुछ भी ऐसा ना करें, जिनसे नारीशक्ति की भावनाएं आहत हों।

देश की करोड़ों महिलाओं की दृष्टि हम सभी पर है, हमारी नीयत पर है, हमारे निर्णय पर है। कृपया करके नारीशक्ति वंदन अधिनियम में संशोधन का साथ दें।”

“मैं सभी सांसदों से कहूंगा...

आप अपने घर में मां-बहन-बेटी-पत्नी सबका स्मरण करते हुए अपनी अंतरात्मा को सुनिए ...

देश की नारीशक्ति की सेवा का, उनके वंदन का ये बहुत बड़ा अवसर है।

उन्हें नए अवसरों से वंचित नहीं करिए।

ये संशोधन सर्वसम्मति से पारित होगा, तो देश की नारीशक्ति और सशक्त होगी… देश का लोकतंत्र और सशक्त होगा।

आइए… हम मिलकर आज इतिहास रचें। भारत की नारी को… देश की आधी आबादी को उसका हक दें।”

"Parliament is discussing a historic legislation that paves the way for women’s reservation in legislative bodies. The discussions, which began yesterday, lasted till around 1 AM and have continued since the House proceedings began this morning.

The Government has addressed all apprehensions and misconceptions relating to the legislation with facts and logic. All concerns have been addressed and any gaps in information have also been filled.

For nearly four decades, this issue of women’s reservation in legislative bodies has been inordinately delayed. Now is the time to ensure that half of the nation’s population receives its rightful due in decision making. Even after so many decades of Independence, it is not right that women in India have such limited representation in this area.

In a short while from now, voting will take place in the Lok Sabha. I urge and appeal to all political parties to reflect carefully and take a sensitive decision by voting in favour of women’s reservation.

On behalf of our Nari Shakti, I also request all members not to do anything that may hurt the sentiments of women across India. Crores of women are watching us…our intent and our decisions. I once again request that everyone support the amendments to the Nari Shakti Vandan Adhiniyam.”

"I would like to appeal to all Members of Parliament…

Please reflect upon your conscience, remembering the women in your own families.

The legislation to ensure women’s reservation in legislative bodies is a significant opportunity to do justice to women of our nation.

Please do not deprive our Nari Shakti of new opportunities.

If this amendment is passed unanimously, it will further empower the women of our country and strengthen our democracy.

Let us come together today to create history.

Let us ensure that the women of India, who are half of the nation’s population, receive their rightful due.”