Budget 2019 | highlight | union Budget 2019 pdf download
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The highlights/ important points of Union Budget 2019 are very significant from the examination point of view. Questions from Union Budget are being asked in the General/Economy/Financial awareness section.
FM Nirmala Sitharaman presented the maiden union budget 2019 of Narendra Modi 2.0 government in Lok Sabha and lay the roadmap for the ambitious $5-trillion-dollar economy dream of Prime Minister.
Union Budget 2019
Budget 2019: FM Nirmala Sitharaman starts presenting union budget. Talks about NDA’s victory in the Lok Sabha elections 2019. Points National Security and Economic Growth as her key focus area.
Budget 2019: Plans for 5 trillion dollar economy | We are 3 trillion dollar economy in current year itself. It is sixth largest already. We will become 5 trillion economy, says FM Nirmala Sitharaman.
Budget 2019 : Comprehensive up gradation of national highways | The govt will carry out a comprehensive up gradation of national highways. in the second phase states will be helped to develop states roads.
Budget 2019: Waterways to be developed | The movement of cargo on Ganga is estimated to grow four times. Multi-modal transport hub has come up in Varanasi in Ganga
Budget 2019: One nation one grid | FM Nirmala Sitharaman bats for one nation one grid. Will offer better power distribution across the country.
Budget 2019: Comprehensive restructuring of national highways | Government will undertake comprehensive restructuring of national highway programme. Rivers to be used for inland cargo transportation and enhance navigational capacity of Ganga.
Budget 2019: Public-private partnership to develop railway infrastructure | Schemes such as ‘Bharatmala’, ‘Sagarmala’ and UDAN are bridging the rural and urban divide, improving our transport infrastructure. 657 km of metro rail network has become operational in the country. Public-private partnership to develop railway infrastructure: FM Nirmala Sitharaman.
Budget 2019: PPP for faster development freight services | Railway infrastructure would need an investment of 50 lakh crores between 2018 and 2030; PPP to be used to unleash faster development and delivery of passenger freight services: FM Nirmala Sitharaman.
Budget 2019: FM on economic growth | Launched UDAY in 2015 for financial and operational turnaround of DISCOMs. We’re examining performance and it’ll be improved. We’ll work with state govts to remove barriers, cross subsidy, surcharges, undesirable duties on open access sales, or captive generation for industrial and bulk power consumers: FM Nirmala Sitharaman.
Budget 2019: 100 per cent FDI permitted for insurance intermediary | FDI inflows to India have remained robust despite global headwinds. 100 per cent FDI permitted for insurance intermediary. Propose to call a Global Investors Meet in India: top industrialists, top pension, insurance & soverign funds, top digital tech funds.
Budget 2019: Housing for all by 2022 | Housing for all by 2022. Under PMAY Garmin, in the 2nd phase 1.95 crore houses are proposed to be provide to eligible beneficiary with facilities like toilet and LPG connection.
Budget2019: Govt to enable stock exchanges to allow AA rated bonds as collaterals, says FM Nirmala Sitharaman | User friendliness of trading platforms for corporate bonds will be reviewed, including issues arising out of capping of International Securities Identification Number. To deepen corporate tri-party repo market in corporate debt securities, govt will work with regulators RBI & SEBI to enable stock exchanges to allow AA rated bonds as collaterals.
Budget 2019: 100% FDI in insurance intermediaries | Govt will invite suggestions for further opening up of FDI in aviation sector, media, animation AVGC and insurance sectors in consultation with all stakeholders. 100% FDI will be permitted for insurance intermediaries
Budget 2019: Right time to consider increasing minimum public shareholding in listed companies | Annual Global Investors’ Meet to be organized in India, using National Investment and Infrastructure Fund(NIIF) as the anchor to get key sets of global players to come and invest in India. It’s right time to consider increasing minimum public shareholding in the listed companies, I have asked SEBI to consider raising the current threshold of 25% to 35%.
Budget2019: New Space India Limited to be formed | To harness India’s space ability commercially, a public sector enterprise, New Space India Limited (NSIL) has been incorporated to tap the benefits of ISRO.
Budget 2019: Har ghar jal by 2024 | Har ghar jal by 2022. Govt announces major programme for sustainable water management across the country.
Budget 2019: Over 2 crore Indian made digitally literate | Over 2 crore Indian made digitally literate under PMGDISHA. Bharat net to connect every panchayat in the country. this will be fastened.
Budget 2019: ‘Swachcha Bharat Abhiyaan a success’ | Swachcha Bharat Abhiyaan a success. 9.6 crores toilets have been constructed under Swacch Bharat Abhiyaan
Budget 2019: Income Tax Slab Changes | Union Budget 2019 presented today in Parliament. While there are many expectations over a change in income tax slabs, Financial Express Online pre-Budget 2019 Survey has predicted that there will be little joy for taxpayers in Union Budget 2019 India. Most of the economic experts told Financial Express Online that Finance Minister Nirmala Sitharaman might not go for big income tax changes or propose income tax rebate in Budget 2019.
However, there are possibilities that the Modi government might announce income tax relief for women and senior citizens. The common man can also expect some good news on the Income Tax front. Ahead of Lok Sabha elections 2019, Prime Minister Narendra Modi in BJP’s manifesto promised that his government would continue to lower tax rate to reward honest tax payers and improving compliance.
Talking about income tax, we must remember that the central government in the Interim Budget 2019 has already announced major income tax reliefs for the middle class. In February’s Budget 2019, the Narendra Modi government announced an income tax rebate for individuals earning up to Rs 5 lakh per annum. The Budget 2019 also proposed a hike in the standard deduction for the salaried class from Rs 40,000 to Rs 50,000.
Budget 2019: 9.6 crore toilets under SBM | 9.6 crore toilets have been constructed since Oct 2, 2014. More than 5.6 lakh villages have become open defecation free.We have to build on this success. I propose to expand the Swachh Bharat mission to undertake sustainable sold waste management in every village.
Budget 2019: ‘Study In India’ initiative | Propose ‘Study In India’ initiative to boost higher education, encourage foreign students also to come and study in India.
Budget 2019: New TV programme for start ups | A TV programme exclusively for Start ups, matchmaking with venture capitalists, tax planning and more.
Budget 2019: 35 crore LED Bulbs saved Rs 18,341 | 35 crore LED bulbs distributed under UJALA schemes have saved Rs 18,341 annually.
Budget 2019: Nari tu Narayani scheme | Nari tu Narayani scheme for improving the condition of women in the country. Birds can not fly on one wing. Progress with women participation. In India’s growth story, in rural economy, the role of women is a sweet story. Govt to encourage women’s participation. Women leadership is distinct. Women voters were at par with man. 78 women MPs in this house. We will build women-led initiative with women in leadership roles: FM Nirmala Sitharaman.
Budget 2019: Aadhar Card for NRIs with Indian passport | Aadhar Card for NRI Indians with Indian passports without any waiting period.
Budget 2019: Announcements on water for all | The new Ministry will look at the management of our water resources and water supply in an integrated and holistic manner and will work with states to ensure ‘Har Ghar Jal’, to all rural households by 2024 under ‘Jal Jeevan Mission’.
Budget 2019: New schemes under Khelo India | To popularise sports at all levels, National Sports Education Board for development of sportspersons to be set up under Khelo India
Budget 2019 : Major boost to tourism sector | Government to develop 17 iconic tourism sites. To preserve rich tribal heritage, a digital repository will be created: FM Nirmala Sitharaman
Budget 2019: NPAs | Non-performing asset (NPAs) recovery of Rs 4 lakh crore over the last four years, NPAs down by Rs 1 lakh crore in the last one year: FM Nirmala Sitharaman
Budget 2019: Govt to develop Gandhipedia! | ‘Gandhipedia’ is being developed to sensitize the youth about positive Gandhian value
Budget 2019: Direct tax revenue increased 78% | Direct tax revenue increased 78%. It is now growing at double digit rate every year: FM Nirmala Sitharaman
Budget 2019: New Rs 1, 5, 10 & 20 coins | New Rs 1, 5, 10 & 20 coins to be available for public use soon
Budget 2019: Tax deduction on purchase of electric vehicles | GST rate on electric vehicles to be reduced to 5% from 12% . Rs 1.5 lakh tax subsidy to tax payers taking loans to buy electric vehicles: FM Nirmala Sitharaman.
Budget 2019: More tax benefits on affordable housing loans | Additional deduction of Rs 1.5 Lakh till 31 March 2022, enhanced interested deduction up to Rs 3.5 lakh for loans taken to buy affordable house under Rs 45 Lakh: FM Nirmala Sitharaman
Budget 2019: PAN and Aadhaar to become interchangeable | PAN and Aadhaar to become interchangeable. Individual can use one in case of absence of other announces FM Nirmala Sitharaman
Budget 2019: Housing tax rebate till 31 March 2020 | Finance Minister Nirmala Sitharaman says additional Rs 1.5 lakh deduction on interest paid for affordable housing loans till March 2020.
Budget 2019: Direct tax collection increased by 78% | Direct tax collection increased by 78%; Tax collection rose from 6.38 lakh crore rupees in 2013-14 to 11.37 lakh crore rupees in 2018
Budget 2019: TDS of 2% on cash withdrawal of over one crore | To discourage the practice of making business payments in cash I propose to levy TDS of 2% on cash withdrawal exceeding Rs 1 crore in a year from a bank account
Budget 2019: More tax on rich | Surcharge on individual with taxable income from 2 crore to five crore, and five crore and above will increase by 3% and 7% respectively
Budget 2019: Surcharge on taxable income over 2 crore | Increase in surcharge for those earning Rs 2 to 5 crore and for those earnings above Rs 5 crore. Effective income tax increase of 3% for those earning Rs 2-5 crore. Taxpayers with annual turnover of less than Rs 5 crore to file only quarterly returns.
Budget 2019: More excise duty on fuel | Additional Excise Duty of Rs 1 per litre on Petrol and Diesel for Infra and Road
Budget 2019: Fiscal deficit down 0.1% |The fiscal deficit this year is 3.3%, brought down from 3.4%
Budget 2019: More tax on Gold | Import duty on gold and precious metals increased to 12.5% from 10%: FM Nirmala Sitharaman
Budget 2019: Boost to affordable housing | To provide further impetus to affordable housing, additional deduction of 1.5 lakh rupees on interest paid on loans borrowed upto 31 March 2020 for purchase of house up to Rs 45 lakhs.
Budget 2019: 81 lakh houses sanctioned under PMAY | Under Pradhan Mantri Awas Yojana, over 81 lakh houses with an investment of about Rs.4.83 lakh crores have been sanctioned, of which construction has started in about 47 lakh houses.
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