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    Budget Highlights 2019-20

    • Vision for $5 trillion economy driven by Investment
    • Transforming rural lives
    • New Jal Shakti Mantralaya to ensure Har Ghar Jal
    • Enhancing ease of direct and indirect taxation
    • Strengthening connectivity Infrastructure
    • Gandhipedia to sensitize society
    • India’s soft power
    • Harnessing India’s space abilities

    Pradhan Mantri Karam Yogi Maandhan: Pension benefits to retail traders and small shopkeepers

    Enhanced interest deduction for affordable housing loan Tax benefits for corporate taxpayers

    Vision to become $5 trillion economy driven by ‘virtuous cycle’ of investment India becomes sixth largest economy

    Pradhan Mantri Matsya Sampada Yojana (PMMSY) Establish robust fisheries management framework

    Scheme of faceless electronic tax assessment Aadhaar and PAN to be interchangeable

    Reform, Perform, Transform agenda: GST, IBC, RERA etc. Changing common man’s life: MUDRA, UJJWALA, SAUBHAGYA etc.

    Push to Investment: Infrastructure Development

    budget 2019-20 investment infrastructure
    highlights of budget 2019-20 housing

    Industrial Development

    Budget Highlights 2019-20 Industrial Development

    Growth and Macro-Economic Stability: Vision for $3 Trillion Economy

    budget highlights 2019-20 vision for 3 trillion
    budget highlights 2019-20 vision for 3 trillion GDP and CAD graph
    budget highlights 2019-20 vision for 3 trillion FDI and FPI

    Fiscal Consolidation and Inflation Management

    budget highlights 2019-20 fiscal deficit and CPI Inflation graph
    budget highlights 2019-20 disinvestment, debt and debt to GDP ratio

    Budget at a Glance: Receipts and Expenditure

    budget highlights 2019-20 revenue and capital receipts
    budget highlights 2019-20 expenditure revenue and capital graph
    budget highlights 2019-20 Rupees comes and goes

    Tax Proposal

    • The threshold for applicability of lower corporate tax rate of 25% increased from ₹250 crore to ₹400 crore.
    • Enhanced interest deduction up to ₹3.5 lakh for purchase of an affordable house.
    • Deposit-taking and systemically important non-deposit taking NBFCs can now pay tax in the year they receive interest for certain bad or doubtful debts.
    • TDS of 2% on cash withdrawal exceeding ₹1 crore in a year from a bank account to promote less cash economy.
    • Effective tax rate for individuals having taxable income above ₹2 crore has been increased.
    • No charges or MDR on specified digital mode of payments.
    • These modes are to be compulsorily provided by large businesses.
    • Sabka Vishwas Legacy Dispute Resolution Scheme proposed for quick closure of service tax and excise related litigations.
    • Surcharges on individuals having taxable income of Rs 2 crore to Rs 5 crore and Rs 5 crore and more have been raised by around 3 per cent and 7 per cent, respectively.

    FACELESS E-ASSESSMENT

    A scheme of faceless electronic assessment involving no human interface to be launched this year.

    DIRECT TAX REFORMS PAYING OFF

    Increase in tax collection by 78% from ₹6.4 lakh crore in 2013-14 to ₹11.4 lakh crore in 2018-19

    ENHANCING EASE OF TAX PAYERS

    Aadhaar and PAN to be made interchangeable

    Reform, Perform and Transform

    Budget Highlights 2019-20 IBC and GST

    Rural India

    Budget Highlights 2019-20 Rural Development

    Farmer Welfare and Water Security

    Boost to agro-rural industries through cluster based development under SFURTI scheme with focus on bamboo, honey and khadi clusters

    100 new clusters to be set up to enable 50000 artisans during 2019-20

    100 Business Incubators to be set up to enable 75000 entrepreneurs under ASPIRE

    Pradhan Mantri Matsya Sampada Yojana launched

    The scheme will address critical gaps in strengthening value chain, including infrastructure, modernisation, production, productivity and quality control

    Constitution of Jal Shakti Mantrayala

    1592 critical and overexploited blocks identified under Jal Shakti Abhiyan

    To ensure Har Ghar Jal to all rural households by 2024 under Jal Jeevan Mission

    Focus on Integrated demand and supply side management at local level, creation of local infrastructure for rainwater harvesting, groundwater recharge and household waste water management

    Women’s Development and Women Led Development

    Budget Highlights 2019-20 : Women Development
    Budget Highlights 2019-20 : Women Development

    Labour and Youth Welfare

    Pradhan Mantri Laghu Vyapaari Mann-Dhan Yojana (PMLVMY)

    Pension benefits to around 3 crore retail traders and small shopkeepers with annual turnover less than ₹1.5 crore.

    Pradhan Mantri Shram Yogi Maan Dhan (PM-SYM)

    About 30 lakh workers have joined the scheme Rationalising of labour laws into 4 labour codes proposed.

    National Research Foundation to be established to fund, coordinate and promote R&D

    ₹400 crore provided for ‘World Class Institutions’ for FY 2019-20

    Study in India: to bring foreign students to higher educational institutions

    National Sports Education Board to be setup under Khelo India.

    To prepare youth for new age skills: Artificial Intelligence, IoT, Big Data, 3D Printing, Virtual Reality etc

    Vision for Next Decade

    1. Physical and social infrastructure
    2. Digital India
    3. Pollution free India
    4. Make in India
    5. Water management and clean rivers
    6. Blue economy
    7. Space programmes
    8. Self-sufficiency and export of food grains
    9. Healthy society
    10. Team India with Jan Bhagidari

    To read the highlights of the interim budget tabled by Piyush Goyal in February 2019 in Parliament Click Here

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