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Budget Highlights 2019

“This isn’t interim budget, this is the roadmap for development”

, says Finance Minister.

10 point vision for 2030 to realize India’s social economic potential; 10 trillion dollars economy in 13 years.

Present Income Tax rates to continue; Full tax rebate up to an income of 5 lakh rupees for individual taxpayers; Standard deduction raised to 50,000, a hike of 10,000 for salaried class.

Direct tax system simplified; Returns to be processed in 24 hours with immediate refunds.

90 per cent GST payers can file quarterly returns; Small and Medium Enterprises to get two per cent interest rebate on an incremental loan of one crore rupees; A Group of Ministers to examine GST burden on home buyers.

Customs to go for digitalization of export and import transactions.

Allocations to Defence budget crosses three lakh crore rupees for the first time.

Allocations to Health care, MGNREGA, SC/ST welfare programmes, Pradhan Mantri Gram Sadak Yojana, Development of infrastructure in North-East hiked substantially.

Electricity connection to all willing families by next month.

One lakh more villages to get digital connectivity.

A National Centre on Artificial Intelligence Centre.Rs.6,000 yearly direct support to farmers through PM-KISAN Programme.

Rs. 3,000 pension for unorganised sector workers earning up to 15,000 rupees through a mega Pension Scheme – Pradhan Mantri Shram- Yogi Maandhan.

Government e-Marketplace – GeM to be extended to all Central Public Sector Enterprises.

Over three lakh 38 thousand shell companies deregistered after demonetization.

A container cargo movement to the North-East through Brahmaputra river; Allocation for infrastructure development in the region hiked by 21 per cent.

Indigenous development of semi-high speed Vande Bharat Express train.

A separate Department of Fisheries.

An All India Institute of Medical Sciences – AIIMS for Haryana.

Single window clearance for shooting films to be made available to Indian filmmakers.

Cinematograph Act to be tightened to check piracy.

A programme for genetic upgradation of cow – Rashtriya Kamdhenu Aayog.


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