81 Highlights Of Indian Budget 2019

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  1. Fiscal deficit for 2018/19 seen at 3.4% of GDP
  2. Poor farmers to get ₹6,000 per year under PM Kisan scheme  
  3. Unorganised labour to get ₹3,000 per month after age of 60 under mega pension scheme 
  4. No income tax for income up to ₹5,00,000
  5. Standard deduction to be raised from ₹40,000 to ₹50,000
  6. All farmers affected by natural disasters to get 2% interest subvention upfront for entire loan period 
  7. Current account deficit for 2018/19 seen at 2.5% of GDP
  8. Farmers up to 2 hectare of land to come under PM Kisan scheme 
  9. Government launches mega pension scheme for social security coverage of unorganised labour 
  10. Fiscal deficit for 2018/19 seen at 3.4% of GDP
  11. Recovered ₹3 lakh crore via bankruptcy code
  12. Bank of India, Bank of Maharashtra and Oriental Bank no more under RBI’s prompt corrective action  
  13. Poor farmers to get ₹6,000 per year under PM Kisan scheme 
  14. PM Kisan to transfer cash directly to farmers under PM Kisan scheme 
  15. Poor farmers to get cash in three equal installments under PM Kisan scheme  
  16. PM Kisan scheme for poor farmers to cost government₹75,000 crore FY20
  17. PM Kisan scheme for poor farmers to get ₹20,000 crore in FY19 
  18. PM Kisan scheme to transfer cash directly to farmers’ accounts 
  19. PM Kisan scheme to start transfer of cash with effect from December 2018
  20. Government announces Rashriya Gokul Mission to support poor owning cows  
  21. Rashriya Gokul Mission cow scheme to get ₹750 crore in the current year
  22. Central government to alone support PM Kisan scheme 
  23. All farmers affected by natural disasters to get 2-5% interest subvention 
  24. Gratuity cap doubled to ₹20 lakh
  25. Government to contribute equally in pension accounts under mega pension scheme 
  26. Unorganised labour to get ₹3,000 per month after age of 60 under mega pension scheme 
  27. Government to implement mega pension scheme for unorganised labour from this year itself 
  28. Mega pension scheme is for people with income up to₹15,000 per month
  29. PM mega pension scheme to benefit 10 crore people 
  30. Total of 8 crore cooking gas cylinders to be distributed by next year under PM Ujwala Yojna 
  31. Government to contribute 14% under New Pension Scheme 
  32. India is the second biggest hub for start-ups
  33. A National Programme for Artificial Intelligence covering 9 areas to be promoted 
  34. Government projects to source 25% material from SMEs, 3% from only women-owned SMEs
  35. GEM platform to cover all public sector enterprises to promote local industry, trade 
  36. SME loans with ticket size of ₹1 crore to get 2% interest subvention 
  37. Defence Budget crosses ₹3 lakh crore mark in FY20 Budget
  38. Budgetary support for railways for FY20 is ₹64,587 crore 
  39. Railways’ operating ratio seen at 96.2% in FY19, 95% in FY20 
  40. North-east states to get 21% higher budget allocation at₹58,166 crore in FY20
  41. Will set up 1 lakh digital villages in next 5 years 
  42. JAN Dhan, Aadhar and mobile have been game changers 
  43. 34 crore Jan Dhan bank accounts opened in last 5 years 
  44. Single window clearance to be made available to Indian film makers 
  45. TV: Railways FY20 capex seen at ₹1.58 lakh crore 
  46. Direct tax collections estimated at ₹12 lakh crore in FY19
  47. Poised to become a $5 trillion economy in 5 years
  48. Aspire to become a $10 trillion economy in 8 years 
  49. ₹1.3 lakh crore undisclosed income brought under tax net
  50. 3,38,000 shell companies detected and their directors disqualified
  51. Average GST collection ₹97,100 crore 
  52. Government lays out 10-year roadmap to improve ease of living 
  53. Making India a pollution-free India in 10-year roadmap 
  54. To lead world in transport and energy storage devices
  55. To bring down dependent on imports for energy needs 
  56. Roadmap envisions people traveling in electric cars 
  57. Tenth dimension of government’s India 2030 vision is a healthy governance 
  58. Fiscal deficit pegged at 3.4% of GDP for FY20
  59. Fifth dimension of government’s India 2030 vision is clean rivers 
  60. Government to scale up Sagarmala programme 
  61. Seventh dimension of India 2030 is to lead in space programmes
  62. Eighth dimension of India 2030 is to grow food in environment friendly manner
  63. Ninth dimension of India 2030 is a healthy India 
  64. Tenth dimension of India 2030 programme is a comprehensive wellness system 
  65. FY20 total expenditure seen at ₹27.84 trillion rupees 
  66. FY20 capital expenditure seen at ₹3,36,292 crore 
  67. Central schemes to get ₹3,27,679 crore FY20
  68. National education mission to get ₹38,572 crore FY20
  69. Integrated child development scheme to get ₹27,584 crore FY20
  70. SC, ST welfare to get ₹76,800 crore FY20
  71. Salary earners, pensioners to get tax benefit 
  72. Salary earners up to ₹5,00,000 annual income to get full tax rebate 
  73. No income tax for income up to ₹5,00,000
  74. Salary earners of up to ₹6,50,000 income to not pay tax if they make tax related investments
  75. Standard deduction to be raised from ₹40,000 to ₹50,000
  76. No tax if you own second house 
  77. No TDS on post office savings up to ₹40,000
  78. No TDS on rental income up to ₹2,40,000 per year 
  79. No tax on notional rent on second house 
  80. Capital gains tax exemption under Section 54 raised to₹2 crore 
  81. Tax on notional rent on unsold inventory to not be paid for 2 years