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Union Budget 2019 Updates:
  • Capital support from the budget for Railways proposed at Rs 64,587 crore in 2019-20
  • Gross income of individual up to Rs. 6.5 lakh no need to pay any tax if investments are done in provident funds and prescribed equities
  • Vision 2030: Aim to build a Digital India that reaches every citizen by creating innumerable startups and jobs
  • Vision 2030: Clean and Green India - an India that drives electric vehicles, with renewables becoming major source of energy
  • TDS threshold in rental income to raised from 1.8 lakh to 2.4 lakh
  • Vision 2030: Minimum Government Maximum Governance - a proactive, responsible and friendly bureaucracy
  • Vision 2030: Oceans and coastlines is the sixth dimension of vision for 2030
  • Vision 2030: Healthy India, with distress-free and comprehensive wellness system for all
  • Vision 2030: Self-sufficiency in food and improving agricultural productivity
  • Proposal to exempt tax on 2nd homes
  • Big relief for middle class income earner
  • Standard dedecution raised from Rs 40,000 to Rs 50,000
  • Big relief for middle class income earner
  • Individual taxpayer: Upto Rs five lakh full tax rebate
  • Significant increase in tax collection and tax base
  • India poised to become 5 trillion dollar economy in next 5 years
  • India aspire to become 10 trillion dollar economy in 8 yrs
  • 10 dimensional vision for India 2030
  • Vision 2030: Indian astronaut by 2022
  • Vision 2030: Expanding rural industrialisation using modern tech
  • Vision 2030: To build next-gen inifra physical and social
  • Vision 2030: Digital India reaches every citizen
  • To be trilllion dollar economy in 8 yrs
  • Plans for next 10 years announced
  • Only 12 percent GST for cinema goers
  • Most of the daily use items under 0-5% tax under GST
  • IT returns to be processed in 24 hours
  • All assessment of IT returns to be done electronically in next two years
  • 34 crore Jan Dhan accounts opened in five years
  • 34 crore Jan Dhan accounts opened in five years
  • One lakh digital villages in next five years
  • Allocation for north east up 21 percent to Rs 58,166 crore
  • Railway Capital expenditure hiked
  • All unmanned crossings on broad guage network eliminated
  • Container freight movement in inland waterways to extend to north east
  • India fastest highway developer, 27 km highway built everyday
  • Domestic air traffic doubled in the last 5 years
  • Over 100 operational airports in the country
  • Allocation for defence crosses Rs 3 lakh crore for the first time
  • OROP, pending for 40 years, implemented
  • One lakh digital villages to be set up
  • Installed solar capacity grew 10 times
  • National Artificial Intelligence Portal to be developed soon
  • Assured monthly pension of Rs 3,000 for unorgansied sector workers
  • replace it with the below one
  • Assured monthly pension of Rs 3,000 for organsied sector workers
  • Hike in military pay announced
  • India 2nd largest hub for startups
  • Ujjwala Yojana: 6 crore free cooking gas connection given
  • Assured monthly pension of Rs 3,000 for organsied sector workers
  • Gratuity limit hiked from Rs 10 lakh to Rs 20 lakh
  • All Farmers hit by natural calamity to get interest subvention of 5%
  • EPFO Membership has increased by 2 crore in 2 years
  • All Farmers hit by natural calamity to get interest subvention of 5%
  • 2% interest subvention for animal husbandry and fisheries farmers
  • Govt to create separate department of Fisheries
  • Rashtriya Gokul Mission: Allocation of Rs 750 crore in current year itself
  • PM Kissan - Structured Income Support to small and marginal farmers - Allocation of Rs 75,000 crore for 2019-20 and Rs 20,000 crore for current fiscal
  • MNREGA allocation increased to Rs 60,000 crore
  • Current Account Deficit at 3.4% of GDP for 2018-19
  • Big announcements for Farmers
  • Under PM Kisan Yojana, farmers to get Rs 6000 per year income support
  • Structured income support for farmer
  • Haryana to get 22nd AIIMS
  • For Small and Marginal farmers, PM Kisan Yojana approved
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