01 Feb, 2019, 10:59 AM IST
Finance minister Piyush Goyal is presenting 2019 Budget. Get live updates of Interim Budget 2019 alo
NO TDS on house rent up to Rs 2.4 lakh
Tax exemption on middle class families who own second house on notional rent.
Three crore people will benefit from Rs 5 Lakh tax exemption.
Full Tax rebate to individual tax payers whose income is up to Rs 5 Lakh.
A group of ministers (GoM) is set up to decide GST on real-estate sector.
Expenditure target for the financial year 2020 is Rs 27.84 crore.
Income Tax exemption Limit may be increased to Rs 5 Lakh
We are poised to become $5 trillion economy in the next 5 years
India is poised to become five trillion Dollar economy in next five years and aspired to be ten trillion Dollar economy in next eight years.
GST has resulted in increase of the collection of tax pays. The returns are fully online. It is the biggest reform post Independence.
In the year 2018, 99.94 percent of Income Tax returns were accepted as they were filed.
Direct Tax collection increased from Rs 6.38 Lakh in 2013-14 to Rs 12 Lakh crore this year.
To promote entertainment industry, single window clearance for permission of shooting and other purpose. To tackle piracy, government will come up with a new initiative.
Under Digital India scheme, government plans to develop one digital villages in the country.
Under PM Ujjwala Yojana, 6 crore LPG connections were given at free of cost.
Under One Rank One Pension (ORP) Rs 35,000 crs is already disbursed.
For the first time, the Defence ministry budget is over Rs 3 Lakh crore for the year 20190-2020.
Gratuity limit increased from Rs 10 lakh to Rs 30 lakh
1.53 lakh houses constructed under Pradhan Manthri Awas Yojana.
Post 2014, about 14 AIIMS were established in the country. 22nd AIIMS to be set up in Haryana.
India received $239 million Dollar in the form of FDIs.
Kisan Scheme: Farmers To Get 6000 Per year
Centre to pay Rs 6,000 for farmers who have less than five acres. This is something like 'Rythu Bandhu' of the Telangana government. This is expected to benefit 12 crore farmers in the country.
50 crore people have enrolled to Prime Minister's 'Ayushman Bharat' scheme which provides health for all. So far 10 Lakh people have used this service.
The current account deficit is estimated to be 2.5 percent. Fiscal deficit has been brought down to 3.4 per cent in the revised estimate of 2018-19. MNREGA is granted Rs 60,000 crore.
Ayushman Bharat -
To provide medical treatment to nearly 50 crore people, says Goyal amid rousing applause
The GDP is far better than any government till date. Farmers income is doubled and 45,000 Lakh villages have been declared ODF. This is biggest achievement as part of Swacch Bharat.
To restore the trust in public sector banks, government has induced Rs 2.6 Lakh crore and also recovered Rs 3 Lakh crs in the form of defaulters and bad loans.
Post 2014, India has emerged as the sixth largest economy in the world. Before 2014, India was in 11th position.
Brought down the inflation to 4.6 percent which was in double digit during the previous government.
India is back on track and will witness a new India by 2022.