FOREIGN POLICY (BUDGET)

July 6, 2019

The Union Finance Minister proposed that the IDEAS scheme will be revamped during the current financial year.

Key highlights of Budget Speech: 

  • Aadhaar Card for NRIs: The Union Finance Minister proposed to consider issuing Aadhaar Card for Non-Resident Indians with Indian Passports.

  • Indian Development Assistance Scheme (IDEAS): The IDEAS scheme will be revamped during the current financial year. Indian Development Assistance Scheme (IDEAS) provides concessional financing for projects and contributes to infrastructure development and capacity building in the recipient developing countries.

  • New Embassies: In Financial Year 2019-20, Government intends to open four new Embassies and High Commissions abroad in countries where India does not have a Resident Diplomatic Mission.

  • World class tourist destinations: Government is developing 17 iconic tourism sites into world class tourist destinations. These sites will lead to increase visits of both domestic and international tourists at these destinations.

  • She also proposed to launch a Mission that will integrate India’s traditional artisans and their creative products with global markets. Wherever necessary patents and geographical indicators, will be obtained for them.

Source : PIB

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