Accordingly india will aim to become a $3 trillion economy in FY20, $5 trillion in a few years to kick-start domestic and foreign investment. Time right for india to enter into aircraft financing and leasing To implement enabling measures to boost International Financial Service Centres (IFSCs)- Will create congenial atmosphere for development of MRO services Pension benefits will be offered to 3 crore shop owners with annual turnover of less than Rs 1.5 crore under new scheme called Pradhan Mantri Man dhan Scheme.

Pension benefits will be offered to 3 crore shop owners with annual turnover of less than Rs 1.5 crore under new scheme called Pradhan Mantri Man dhan Scheme. She says there will be multiple measures undertaken to deepen the corporate bond market, she says adding there is also a proposal to increase minimum public shareholding in companies to 35 percent from 25 percent. We will work to make a platform for listing social enterprises and voluntary organizations to raise capital as equity, debt or units like mutual fund.

Reportedly india's FDI flows in 2018-19 remained strong compared to global at $54.2 billion, 6 percent higher than last year. The government will examine options of opening up FDI in media, animation and some other sectors to improve these flows further, she says. The government is contemplating organizing an annual global meet to get all three sets of global players.

Moreover industrialists, corporate leaders, corporate sovereign and venture funds, she says. The first session of the newly-elected Lok Sabha will be convened from June 17 to July 26 and the new government of Prime Minister Narendra modi will present its first Budget on July 5, in which it is expected to provide an insight about the programs to be undertaken in the second term. Nearly 1,25,000 km of roads will be upgraded under Pradhan Mantri Gram Sadak Yojana at estimated cost of nearly Rs 80,200 crore.

The government has proposed to allocate Rs 70,000 crore for PSU Bank recapitalization. One-time six month partial credit guarantee to buy pooled assets of sound NBFCs Regulation of HFCs to move to the Reserve Bank of india (RBI) from NHBFM Nirmala Sitharaman has proposed Rs 100 lakh crore investment for infrastructure over 5 years. The government is setting an enhanced target of Rs 1,05,000 crore for disinvestment during FY20 and will continue with disinvestment of PSUs in the non-financial space as well.

She added “Our government has taken number of initiatives to promote digital payments. FM says to discourage the practice of making business payments in cash the government proposes to levy TDS of 2% on cash withdrawal exceeding Rs 1 crore in a year from a bank account. BHIM, UPI, Aadhaar Pay, NEFT, RTGS can be used to promote less cash economy. business establishments with annual turnover of Rs 50 crore will have to use these modes of payments with no charges or merchant discount rates will be imposed on customers or merchants. RBI and banks will absorb these costs”.