Union Budget 2019 Highlights – Pdf Download

Note : Guys, below i is Interim Budget. You tin Download PDF File of Nirmala Sitaraman’s Union Budget 2019 from HERE
Finance government minister Piyush Goyal today (1st Feb 2019) presented the much awaited Interim Union Budget 2019 in Lok Sabha. Let’s create got a aspect at the of import aspects of Union Budget 2019. You tin download  the PDF Version of Union Budget 2019 from below link. All the Best 🙂

Download PDF Version of Union Budget 2019 Highlights from HERE

Background of Union Budget 2019

  • Piyush Goyal was appointed interim finance government minister on Jan 23 amongst Arun Jaitley undergoing handling inward the United States.
  • This is Modi government’s sixth spousal human relationship Budget as well as 1st Interim budget.
  • An Interim Budget unremarkably doesn’t listing out novel schemes or doesn’t unveil whatsoever policy measures. 
  • This budget is crucial given that it is taking house months ahead of the Lok Sabha elections 2019. Any major annunciation volition create got major political significance.
  • The Economic Survey 2019 was non presented. The novel government, elected later full general elections due yesteryear May, is expected to nowadays a total budget inward July along amongst the Economic Survey.

Important Highlights of Union Budget 2019 (Quick Glance)

  • All farmers affected yesteryear natural disasters to larn 2% involvement subvention upfront for entire loan menses
  • Current trouble organisation human relationship deficit for 2018/19 seen at 2.5% of GDP
  • Farmers upward to 2 hectare of reason to come upward nether PM Kisan scheme
  • Government launches mega pension scheme for social safety coverage of unorganised labour
  • Fiscal deficit for 2018/19 seen at 3.4% of GDP
  • Recovered ₹3 lakh crore via bankruptcy code
  • Bank of India, Bank of Maharashtra as well as Oriental Bank no to a greater extent than nether RBI’s prompt corrective action
  • Poor farmers to larn ₹6,000 per yr nether PM Kisan scheme
  • PM Kisan to transfer cash straight to farmers nether PM Kisan scheme
  • Poor farmers to larn cash inward iii equal installments nether PM Kisan scheme  
  • PM Kisan scheme for miserable farmers to terms authorities ₹75,000 crore FY20
  • PM Kisan scheme for miserable farmers to larn ₹20,000 crore inward FY19
  • PM Kisan scheme to transfer cash straight to farmers’ accounts
  • PM Kisan scheme to offset transfer of cash amongst outcome from Dec 2018
  • Government announces Rashriya Gokul Mission to back upward miserable owning cows  
  • Rashriya Gokul Mission moo-cow scheme to larn ₹750 crore inward the electrical current year
  • Central authorities to lone back upward PM Kisan scheme
  • All farmers affected yesteryear natural disasters to larn 2-5% involvement subvention
  • Gratuity cap doubled to ₹20 lakh
  • Government to contribute every bit inward pension accounts nether mega pension scheme
  • Unorganised labour to larn ₹3,000 per calendar month later historic menses of threescore nether mega pension scheme
  • Government to implement mega pension scheme for unorganised labour from this yr itself
  • Mega pension scheme is for people amongst income upward to ₹15,000 per month
  • PM mega pension scheme to practise goodness 10 crore people
  • Total of 8 crore cooking gas cylinders to last distributed yesteryear adjacent yr nether PM Ujwala Yojna
  • Government to contribute 14% nether New Pension Scheme
  • India is the instant biggest hub for start-ups
  • A National Programme for Artificial Intelligence roofing ix areas to last promoted
  • Government projects to source 25% cloth from SMEs, 3% from solely women-owned SMEs
  • GEM platform to encompass all populace sector enterprises to promote local industry, merchandise
  • SME loans amongst ticket size of ₹1 crore to larn 2% involvement subvention
  • Defence Budget crosses ₹3 lakh crore grade inward FY20 Budget
  • Budgetary back upward for railways for FY20 is ₹64,587 crore
  • Railways’ operating ratio seen at 96.2% inward FY19, 95% inward FY20
  • North-east states to larn 21% higher budget allotment at ₹58,166 crore inward FY20
  • Will ready 1 lakh digital villages inward adjacent five years
  • JAN Dhan, Aadhar as well as mobile create got been game changers
  • 34 crore Jan Dhan banking concern accounts opened inward terminal five years
  • Single window clearance to last made available to Indian celluloid makers
  • TV: Railways FY20 capex seen at ₹1.58 lakh crore
  • Direct taxation collections estimated at ₹12 lakh crore inward FY19
  • Poised to expire a $5 trillion economic scheme inward five years
  • Aspire to expire a $10 trillion economic scheme inward 8 years
  • ₹1.3 lakh crore undisclosed income brought nether taxation net
  • 3,38,000 rhythm out companies detected as well as their directors disqualified
  • Average GST collection ₹97,100 crore
  • Government lays out 10-year roadmap to ameliorate ease of living
  • Making Bharat a pollution-free Bharat inward 10-year roadmap
  • To Pb the world inward carry as well as issue energy storage devices
  • To select downward subject on imports for issue energy needs
  • Roadmap envisions people traveling inward electrical cars
  • Tenth dimension of government’s Bharat 2030 vision is a good for you lot governance
  • Fiscal deficit pegged at 3.4% of gross domestic product for FY20
  • Fifth dimension of government’s Bharat 2030 vision is create clean rivers
  • Government to scale upward Sagarmala programme
  • Seventh dimension of Bharat 2030 is to Pb inward infinite programmes
  • Eighth dimension of Bharat 2030 is to grow nutrient inward surroundings friendly manner
  • Ninth dimension of Bharat 2030 is a good for you lot Bharat
  • Tenth dimension of Bharat 2030 programme is a comprehensive wellness organisation
  • FY20 total expenditure seen at ₹27.84 trillion rupees
  • FY20 upper-case missive of the alphabet expenditure seen at ₹3,36,292 crore
  • Central schemes to larn ₹3,27,679 crore FY20
  • National educational activity mission to larn ₹38,572 crore FY20
  • Integrated modest evolution scheme to larn ₹27,584 crore FY20
  • SC, ST welfare to larn ₹76,800 crore FY20
  • Salary earners, pensioners to larn taxation practise goodness
  • Salary earners upward to ₹5,00,000 annual income to larn total taxation rebate
  • No income taxation for income upward to ₹5,00,000
  • Salary earners of upward to ₹6,50,000 income to non pay taxation if they brand taxation related investments
  • Standard deduction to last raised from ₹40,000 to ₹50,000
  • No taxation if you lot ain instant trouble solid
  • No TDS on postal service role savings upward to ₹40,000
  • No TDS on rental income upward to ₹2,40,000 per yr
  • No taxation on notional rent on instant trouble solid
  • Capital gains taxation exemption nether Section 54 raised to ₹2 crore
  • Tax on notional rent on unsold inventory to non last paid for 2 years 

Sector-Wise Breakdown of the Union Budget 2019

Income Tax reliefs

  • No taxation till Rs five lakh income for individuals taxation payers
  • Standard deduction increased to Rs 50,000 from Rs 40,000 for salaried class

Tax exemptions on investments:

  • Individuals amongst gross income upward to 6.5 lakh rupees volition non take to pay whatsoever taxation if they brand investments inward provident funds as well as prescribed equities
  • TDS threshold for abode rent increased from Rs 1.8 lakh to 2.4 lakh
  • Interest income upward to Rs 40,000 inward postal service offices as well as banks made taxation free
  • Capital gains taxation exemptions nether Section 54 to last available upward to Rs 2 crore. Capital gains exemption to last available on 2 trouble solid properties
  • Income taxation relief on notional rent from unsold houses extended to 2 years from 1 year

Other taxation related reliefs :

  • Income Tax returns to last processed inside 24 hours as well as returns volition last paid immediately
  • Within nearly 2 years, almost all assessment as well as verification of information technology returns volition last done electronically yesteryear an anonymised taxation organisation without whatsoever intervention yesteryear officials

For farmers :

  • Rs 6,000 per yr assured income back upward for little as well as marginal farmers
  • Farmers having upward to 2 hectare of lands volition larn Rs 6,000 per yr inward iii equal installment. The scheme volition last effective from Dec 1, 2018.
  • Interest subvention for farm loan takers: Farmers affected yesteryear natural calamities to larn 2% involvement subvention as well as additional 3% involvement subvention upon timely repayment
  • 2% involvement subvention to farmers who pursue brute husbandry, fisheries jobs through Kisaan credit cards
  • Kamdhenu scheme for brute husbandary

GST :

  • Group of Ministers to propose ways to cut down GST for trouble solid buyers
  • Direct taxation collections increased from Rs 6.38 lakh crore inward 2013-14 to almost Rs 12 lakh crore; The taxation base of operations is upward from Rs 3.79 crore to 6.85 crore
  • Businesses amongst less than Rs five crore annual turnover, comprising over 90% of GST payers, volition last allowed to render quarterly returns
  • Indian Customs to fully digitised exim transactions as well as leveraging RFID for logistic. Govt abolishes duties on 36 upper-case missive of the alphabet goods
  • GST collections inward Jan 2019 has crossed Rs 1 lakh crore

Sops for workers :

  • Rs 3,000 per yr pension for unorganised sector workers
  • New Pradhan Mantri Shram Yogi Maandhan Yojana for unorganised sector workers amongst income upward to Rs 15,000 per month. Beneficiaries volition larn Rs 3,000 per calendar month pension amongst a contribution of Rs 100 per calendar month later the retirement. Govt allocates Rs 500 crore for the scheme
  • Gratuity throttle increased for workers to to ₹20 lakh

Rural allocations :

  • Rs 60,000 crore for MNREGA
  • Rs 19,000 allocated for construction of rural roads nether Gram Sadak yojana

Defence Budget :

  • Govt increases defense forcefulness budget to over Rs 3 lakh crore. Govt volition render additional funds for Defence, if needed.
  • We create got disbursed 35,000 crore rupees nether #OROP scheme inward the terminal few years

Railways :

  • Railway’s operating ratio seen 96.2% inward FY19 Vs 95% FY20.
  • Railway capex for FY20 laid at tape Rs 1.6 lakh crore
  • Today at that topographic point is non a unmarried unmanned railway crossing on the wide gauge inward India.

Fiscal Deficit :

  • For FY19, authorities has revised the financial deficit target to 3.4 per centum inward FY 19. Fiscal deficit for 2019/20 estimated at 3.4 per centum of GDP.
  • Government’s stated commitment before was to select downward the financial deficit to 3.1 per centum of gross domestic product yesteryear the terminate of March 2020, as well as to 3 per centum yesteryear March 2021
  • Current trouble organisation human relationship deficit at 2.5% of the GDP
  • A unmarried window clearance for filmmakers
  • Nine priority sectors for govt : To build next-gen infrastructure – physical as good as social; (1) To build a Digital Bharat that reaches every citizen; (2) Clean as well as Green India; (3) Expanding rural industrialization using modern industrial technologies; (4) Clean Rivers – amongst prophylactic drinking H2O to all Indians; (5) Oceans as well as coastlines; (7) Bharat becoming launchpad of the world; (8) Self-sufficiency inward nutrient as well as improving agricultural productivity amongst emphasis on organic food; (9) Healthy India; (10) Minimum Government MaximumGovernance, amongst proactive, responsible as well as friendly bureaucracy

Social schemes:

  • Govt to build 1 lakh digital villages
  • For the welfare of farmers as well as for doubling their income, historic conclusion was taken to increment MSP yesteryear 1.5 times the production terms for all 22 crops
  • To ensure cleaner fuel as well as wellness assurance, nosotros embarked upon Pradhan Mantri Ujjwala Yojana, a programme to give 8 crore gratis LPG connections to rural households, vi crore connections create got been given already
  • Committee nether NITI Aayog to last ready to for denotifed nomadic & semi nomadic communities
  • A unmarried window clearance for filmmakers to last made available to filmmakers, anti-camcording provision to as good to last introduced to Cinematography Act to grapple piracy

State of Economy:

  • India is poised to expire a $5 trillion economic scheme inward adjacent five years, $10-trillion economic scheme inward the adjacent viii years
  • Black money: Committed to eliminating the scourge of dark money; anti-black coin measures taken create got brought an undisclosed income of almost 1.30 lakh crore rupees to the fore; 3.38 lakh rhythm out companies were deregistered
  • GST has been continuously reduced, resulting inward relief of 80,000 crore rupees to consumers; most items of daily utilization for miserable as well as middle cast are at nowadays inward the 0%-5% taxation bracket
  • Fiscal deficit seen at 3.4 per centum inward FY xix as well as Current trouble organisation human relationship deficit at 2.5% of the GDP
  • We create got recovered Rs 3 lakh crore through Insolvency as well as Bankruptcy Code. Govt expects banks on the key bank’s Prompt Corrective Action listing to last removed soon.
  • Indian GDP: Growth inward the terminal five years has been higher than that yesteryear whatsoever other govt. Spent Rs 2.6 lakh crore inward recap of PSU Banks
  • Average inflation inward UPA authorities was 10% as well as nosotros create got brought that downward that to four percent. Inflation inward Dec 2018 was 2.1%. If nosotros had non controlled inflation our families would create got been spending 35-40 per cent to a greater extent than on daily utilization items
  • We conducted transparent auctioning of natural resources similar coal as well as oil
  • Domestic air traffic doubled inward the terminal five years
  • Over xc per centum of the province has been covered nether sanitation coverage. People create got made this a social revolution as well as i give thank you lot the 130 people of the country. More than 5.45 lakh villages create got been declared Open Defecation Free
  • In the past, simulated promises were made but nosotros create got taken targeted expenditure on all dimensions
  • Everybody volition larn electricity connexion inward the nigh future. We create got provided 143 crore electricity bulb to the poor
  • Ayushman Bharat the world’s largest healthcare programme was launched to render medical attention to almost fifty crore people, resulting inward 3,000 crore savings yesteryear miserable families
  • Lower costs of Stents & Knee implants create got benefitted people. Government has announced fourteen novel AIIMS since 2014
  • Loans worth Rs 7.23 lakh crore create got been given nether Mudra Yojana
  • Monthly mobile information consumption has increased 50x inward terminal five years; terms of information & vocalisation calls inward Bharat is possible the lowest inward the the world

Download Union Budget 2019 Highlights PDF File from HERE

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