Budget 2019 Highlights UPSC IAS 2019 – Civil Services 2019 Budget Highlights – Latest Budget 2019 Highlights For UPSC IAS Prelims And Mains Exam .

Budget 2019 Highlights UPSC IAS 2019 - Civil Services 2019 Budget Highlights

Budget 2019 Highlights UPSC IAS 2019 – Civil Services 2019 Budget Highlights


  • Current account deficit (CAD) likely to be 2.5 per cent of GDP
  • Fiscal deficit brought down to 3.4% in FY19.
  • Inflation in December 2018 down to 2.19%
  • Capital expenditure for FY20 set at Rs 3.36 lakh crore
  • Expenditure target for FY20 set at Rs 27.84 lakh crore


  • Full tax rebate for Individual taxpayers with income upto Rs 5 lakh
  • No Tax in making investment in provident funds and prescribed equities for People with gross income upto 6.5 lakh
  • All income tax returns will now be processed in 24 hours and refunds will be issued simultaneously.
  • Within next 2 years, all assessment of returns to be done electronically
  • TDS threshold on rental income raised from Rs. 1.8 lakh to Rs. 2.4 lakh
  • TDS threshold on interest on bank,post office deposit raised to 40,000
  • Standard deduction raised from Rs 40,000 to Rs 50,000
  • No tax on notional rent on second self-occupied house
  • Capital Gainsexemption under Section 54 will be available on two house properties
  • Thebenefits under Sec 80 (i) BA being extended for one more year, for all housing projects approved till end of 2019-20.


  • Most items of daily use under 0-5% tax slab
  • Businesses with less than₹ 5 crore annual turnover, comprising over 90% of GST payers, will be allowed to return quarterly returns
  • Mega Pension Scheme
  • Government launches Mega Pension Scheme,Pradhan Mantri Shram Yogi Mandhan, for social security coverage of unorganised labour. The Unorganised labour will get ₹3,000 per month after the age of 60 Pensioners will have to contribute Rs 100 per month and the Government will contribute equally in pension accounts under this scheme.


  • Farmers severely affected by severe natural calamities to get 2 per cent interest subvention and additional 3 percent interest subvention if loans are repaid in time
  • Two percent interest subsidy to be given to farmers involved in animal husbandry activities through Kisaan Credit Card scheme.
  • Govt to create separate department of fisheries
  • 2% interest subvention for animal husbandry & fisheries farmers
  • PM Kisan Samman Nidhi:₹75,000 crore of budgetary allocation. Farmers owing 2 hectares land will get Rs 6,000 per year – to be transferred annually in three installments

For Workers

  • Employees’ State Insurance eligibility cover limit has been raised to₹21,000 per month from ₹15,000 per month
  • Workers who suffer grievous injuries will receive₹6 lakh from ₹ 5 lakh through Employee Provident Fund Organisation (EPFO)
  • Gratuity limit increased from₹10 lakh to ₹ 30 lakh


  • ₹60,000 crore allocated to MNREGA
  • MSME
  • GST registered MSME units to get 2 per cent interest subvention on loan of Rs 1 crore
  • Education
  • ₹38,572 crore allocated for the National Education Mission


  • Rs 76,800 crore allocated for welfare of Scheduled Castes (SCs) and Scheduled Tribes (STs)
  • Centre will implement special strategy for uplift of nomadictribes
  • 1 lakh digital villages to be set up soon
  • Allocation for North Eastern states increases to 21%,amounting to Rs 58,166 crores.
  • Sanction of 15.56 lakh loans amounting Rs 7.23 lakh crore under the Mudra scheme.
  • Economically weak given 10% quota

Pradhan Mantri Gram Sadak Yojana

  • ₹19000 crore allocated for Gram Sadak Yojana


  • Capital expenditure raised to Rs 64,586 crore in FY20 from Rs 53,060 crore in FY19
  • Defence
  • Defence Budget increasesto over Rs 3 lakh crore for the financial year 2019-20

Rashtriya Gokul Yojana for protection of cows

  • ₹750 crore allocated under Rashtriya Gokul Yojana for protection of cows.
  • ‘Rashtriya Kamdhenu Aayog‘ to be set up for implementation of policies and schemes for welfare of cows.

PM Ujjwala Yojana

  • Total of 8 crore LPG connection to be distributed by next year


  • AnotherAll India Institutes of Medical Sciences (AIIMS) to be set up in Haryana (this would be the 22nd AIIMS in the country)

For Filmmakers

  • Single window clearance to be made available for film-makers to ease shooting of films.In order to combat film piracy, Anti-camcording provision to be introduced to Cinematography Act.

Artificial Intelligence

  • National Centre for Artificial Intelligence under consideration. National AI portal to be developed soon.

Budget 2019 Highlights UPSC IAS 2019 – Civil Services 2019 Budget Highlights

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