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Union Budget 2019 Highlights pdf Download English
Union Budget 2019 Highlights pdf Download English – Union Budget 2019-20 Highlights and Important Points LIVE Updates Finance Minister Piyush Goyal said that the Modi government got a decisive mandate to continue structured reforms. “We have reversed policy paralysis,” he said.
Here are union Budget 2019 Highlights
No Income Tax for income up to ₹5 lakh
Individuals with gross income of up to ₹6.5 lakh will not need to pay any tax if they make investments in provident funds and prescribed equities
Standard tax deduction for salaried persons raised from ₹40,000 to ₹50,000
TDS threshold on interest on bank and post office deposits raised from ₹10,000 to ₹40,000
TDS threshold on rental income increased from ₹1.8 lakh to ₹2.4 lakh
I-T processing of returns to be done in 24 hours
Within next 2 years all verification of tax returns will be done electronically without any interface with the tax payer
Package of ₹6000 per annum for farmers with less than 2 hectares of land. Scheme will be called Pradhan Mantri Kisan Samman Nidhi.
Vande Bharat Express, an indigenously developed semi high speed train, to be launched
One lakh digital villages planned in the next five years
Fund allocation to Northeast region increased to Rs. to 58,166 crore in this year, a 21% rise over last year for infrastructure development
Anti-camcord regulations to be introduced in the Indian Cinematograph Act to prevent piracy and contact theft of Bollywood films.
Single window clearance for Indian filmmakers will be introduced.
25 per cent of sourcing for government projects will be from MSME, of which three per cent will be from women entrepreneurs.
National Artificial Intelligence portal to be developed soon
The ESI cover limit has been increased to ₹ 21,000. Minimum pension was also increased to ₹ 1000.
Mega pension scheme for workers from the organised sector with income of less than ₹15,000. They will be able to earn ₹ 3000 after the age of 60 years. The scheme will be called PM Shramyogi Maan Dhan Yojana.
2% interest subversion for farmers pursuing animal husbandry.
All farmers affected by severe natural calamities will be given interest subversion for the entire period of three per cent of loans.
The 22nd AIIMS will come up in Haryana
Mains Works Done By Modi
Budget 2019 Economy:
Finance Minister Piyush Goyal has said in Parliament that India has been recognized as the bright spot in the world economy and is considered as the fastest growing large economy.
FM Goyal said that Current Account Deficit (CAD) to come down from 5.6 per cent to 2.19 per cent this year.
Budget 2019 anti-corruption:
Referring to the spectrum auction and coal block auction, Finance Minister Piyush Goyal has pitched for transparency
. He said that the Real Estate Development and Regulation Act of 2016 and Benami Properties Act have shown the central government’s intent for maintaining transparency.
Budget 2019 for Housing, electricity:
The Modi government has built 1.53 crore houses under the housing scheme.
FM Goyal claimed that the number of houses built is five times more than before.
FM Goyal said that back in 2014, 2.5 crore households were without electricity.
He said that under Saubhagya Yojana, the central government has provided almost every house a free electricity connection
Budget 2019 for farmers:
Finance Minister Piyush Goyal has announced Pradhan Mantri Kisan Samman Nidhi.
Under the ‘Pradhan Mantri Kisan Samman Nidhi’, the government will transfer Rs 6,000 per annum for each small and marginal farmers.
The money will be transferred in three installments and will be sent to farmers’ bank accounts.
This scheme will benefit 12 crore small and marginal farmers with a holding of less than 2 hectares of land.
The central government will be spending at an estimated cost of Rs 75,000 crore.
Budget 2019 for common man:
Finance Minister Piyush Goyal has said that EPFO membership has increased by 2 crore in past two years.
FM Goyal said that contribution to new pension scheme has been increased to 14 per cent from 4 per cent.
FM Goyal said that the gratuity limit has been increased from Rs 10 lakh to Rs 30 lakh.
Budget 2019 for women:
Finance Minister Piyush Goyal has underscored that the women have been the central government’s top most priority.
Out of total, 75 per cent beneficiaries are under Pradhan Mantri Mudra Yojana.
FM Goyal has also said that working women are entitled for 26 weeks of maternity leave.
Apart from these, the Pradhan Mantri Matritva Yojana is empowering women across the country.
Budget 2019 for workers in unorganized sector:
Finance Minister Piyush Goyal said that the Central government has launched a pension scheme named Pradhan Mantri Shram Yogi Mandhan.
Under this, workers in unorganized sector will get a monthly pension of 3000 rupees per month after 60 years of age.
Budget 2019 for Defence:
Finance Minister Piyush Goyal in his budget speech 2019 said that the defence budget has enhanced beyond Rs 3 lakh crore.
FM Goyal has said that Rs 35,000 crore has been disbursed for soldiers under ‘One Rank One Pension’.