Growth Oriented, Progressive and Relaxing Budget-2019 will give
extra power to boost economy as a whole
- · * Individual
taxpayers having annual income upto 5 lakhs will get full tax rebate
- · Capital
gains exemption under section 54 increased to Rs 2 crore, to be available on 2
house properties
- · Standard
Deduction for Salaried person incresed from Rs. 40k to 50k
- · TDS
Threshold Limit on Banks , Post office increased from Rs. 10k to 40k
- · TDS
Threshold Limit on Rent increased to Rs. 240000/
- · No
Tax on Notional Rent on two self occupied house property.
- · Finance
Minister says Rs 38,572cr allocated for National Education Mission
- · Govt
allocated Rs 38,572 crore for National Education Mission
- · Govt
sets Rs 76,800 Cr for welfare of SC/ST
- · We
are poised to become a 5 trillion dollar economy in the next 5 years and we
aspire to become a 10 trillion dollar economy in the next 8 years
- · More
than 1 crore people filed IT returns for the first time, after demonetization
- · Committed
to eliminating the scourge of black money; anti-black money measures taken have
brought an undisclosed income of about 1.30 lakh crore rupees to the fore; 3.38
lakh shell companies were deregistere
- Businesses
with less than Rs. 5 crore annual turnover, comprising over 90% of GST payers,
will be allowed to return quarterly returns: FM
- The
Group of Ministers is examining how prospective house buyers can benefit under
Goods & Services Tax (GST)
- GST
has been continuously reduced resulting in relief of Rs 80,000 crore rupees to
the consumers; Most items of daily use
are now in the 0%-5% tax bracket
- GST
is probably the biggest taxation reform implemented since Independence; with
tax consolidation, India became one common market; inter-state movements became
faster through e-way bills, improving Ease of Doing Busine
- Within
nearly two years, almost all assessment and verification of IT returns will be
done electronically by an anonymized tax system without any intervention by
officials
- All
tax returns will be processed in 24 hours going ahead
- Direct
tax collections increased from Rs 6.38 lakh crore in 2013-14 to almost Rs 12
lakh crore; The tax base is up from Rs 3.79 crore to 6.85 crore
- Govt
will set up 1 lakh digital villages in the next 5 years
- A
single window clearance for filmmaking to be made available to filmmakers,
anti-camcording provision to also to be introduced to Cinematography Act to
fight piracy
- Mobile
Date increased to 50 times and cost is less the any country in the word.
- 34
crore Jan Dhan Yojana accounts opened in last 5 years: FM
- Govt
projects now have to source 25% of their requirements from SMEs: FM
- Capital
support for Railways at Rs 64,587 crore for FY20: FM
- For
the first time, the defence Budget has been raised to over Rs 3 lakh crore, FM
says will provide additional funds for defence, if needed
- Soldiers
our pride and honour; OROP, pending for last 40 years, has been implemented by
us. Already disbursed 35,000 crore rupees for soldiers under OROP, substantial
hike in military service pay announced:
- 75%
of woman beneficiaries under Pradhan Mantri Mudra Yojana, 26 weeks of maternity
leave and the Pradhan Mantri Matritva Yojana, are all empowering women in the
country
- FM
announce 8 crore free LPG connections under 'Ujjwala' Yojana
- New
Pension Scheme - employee's contribution is 10%, government's contribution
increased from 10% to 14%
- Gratuity
payment limit has been increased from Rs 10 lakh to Rs 20 lakh: FM
- Govt
announced Pradhan Mantri Shram Yogi Maandhan Yojana for organised sector worker
with income up to Rs 15,000 per month. Beneficiaries will get Rs 3,000 pension
after the retirement
- FM
Piyush Goyal: Instead of rescheduling of crop loans, the farmers severely
affected by natural calamities will get 2% interest subvention and additional
3% interest subvention upon timely repayment
- FM
announce 2% interest subvention for animal husbandry & fisheries sector
- Govt
increased allocation for Gokul Scheme to Rs 7,500 cr
- Farmers
owning up to 2 hectares to get Rs 6,000 per year under PM Kisaan Samman Nidhi.
About 12 crore farmer families will benefit from the programme; it will be
implemented from December 2018 itself. It will cost the government Rs 75,000
crore annually
- 2/1/2019
Union Budget 2019 - Live Updates|CASANSAAR 1071
- Farmer
package to cost govt Rs 75,000 crore – FM
- FM
says 10 lakh people treated under Ayushman Bharat so far
- PMGSY
allocation Rs 19000 crore, same as budgeted for 2018-19
- As a
tribute to Mahatma Gandhi, world's largest behavioural change movement Swachh
Bharat initiated; more than 98% rural sanitation coverage has been achieved;
more than 5.45 lakh villages declared ODF
- 14
new AIIMS launched accrosed the country.
- FM
says RERA & Benami Property Act helped bring transparency in the realty
sector
- FM
says moving to an India where farmer incomes will double by 2022
- Rs
60,000 crore allocated for MNREGA this year
- BoI,
BoM & OBC are out of PCA framework, FM expect other banks to soon exit
prompt corrective action.
- Govt
spent Rs 2.6 lakh crore in recapitalisation of PSU banks and recovered Rs 3
lakh crore via IBC process
- We
have set the stage for decades of high growth with path-breaking structural
reforms such as the GST
- The
govt has contained double-digit inflation & restored fiscal balance.
- FM
says inflation under Modi govt lower than any other govt
- Fiscal
deficit seen at 3.4% in FY19, CAD at 2.5% of GDP
- Average
inflation in UPA government was 10% and we have brought that down that to 4
percent
- FM
says govt has made many transformational & structural reforms
- 6th
Largest Economy in the Word.
- FM
Starts Budget speech by wishing ailing Arun Jaitley a speedy recovery.
- Parliament
Session Starts, FM Piyush Goyal Presents Union Budget.
- Cabinet
has approved the Interim Budget
- Copies
of Budget brought to Parliament
- FM
Piyush Goyal arrives at Finance Ministry; to present the Interim Budget at 11
am
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