Finance minister Nirmala Sitharaman presents the Union Budget
05 Jul 2019
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The new finance minister Nirmala Sitharam presented the first Union Budget of the new NDA government.
- 'Aspirations Of Future Gen Accounted In Budget'
- 'BUDGET GIVES STRUCTURAL REFORMS IN AGRICULTURE'
- PM: A BLUEPRINT FOR MAKING INDIA ECO POWERHOUSE
- Modi 2.0:: PM:Middle class will progress with this budget
- PM: BUDGET A KEY STEP FOR 'NEW INDIA'
- PM: BUDGET AIMED AT BOOSTING MIDDLE CLASS
- PM: BUDGET HAS GIVEN NEW HOPE TO PEOPLE
- PM: POOR WILL BE STRENGTHENED BY THE BUDGET
- PM: This is a green budget
- PM: Budget will strengthen the poor
- Higher tax threshold for launching prosecution for not filing returns
- Increased surcharge on individuals with taxable income above ? 5cr
- Direct tax revenue up by over 78% in past 5 years to? 11.37 lakh cr
- Increased surcharge on individuals with taxable income from ? 2 to? 5cr
- Faceless IT assessment in electronic mode with no human interface
- Relief in levy of securities transaction tax to be provided
- Fiscal deficit down to 3.3% from 3.4%
- No income tax for annual income up to ? 5 lakhs
- Companies with annual turnover of ? 400 crores now under 25% bracket
- TDS of 2% on withdrawal of over ? 1 crore per year
- Faceless assessment, a paradigm shift in IT dept functioning
- Faceless tax assessment in electronic mode
- AADHAAR & PAN interchangeable for filing IT return
- Enhanced deduction for purchase of affordable houses
- Steps to provide relief from scrutiny for startups
- Additional IT deduction on interest on loans for electric vehicles
- No income tax for income less than ? 5 lakh per year
- '70,000cr for public sector banks to boost capital & improve credit
- Non performing assets down by ? 1 lakh crore in the last one year
- Provision to encourage women entrepreneurship
- Extend 'Women SHG Interest Subvention Programme' to all districts
- Propose regulation of housing finance sector under RBI
- Massive programme for railway station modernisation
- Multiple labour laws to be streamlined into set of 4 labour codes
- Railways to be encouraged to invest more in suburban railways
- National Sports Education Board for development of sports persons
- Propose AADHAAR cards for NRIs with Indian passports
- New National Education Policy to transform education system
- National Research Foundation to fund, coordinate, promote research
- Expand 'Swachh Bharat' to undertake solid waste management in villages
- BharatNet to aim at internet connectivity in local bodies
- Propose to streamline multiple labour laws
- Will focus on skill sets needed abroad
- Steps to attract foreign students to India for higher education
- Develop 75,000 skilled entrepreneurs in agro-rural industries
- Steps to provide NRIs seamless access to Indian equities
- Robust fisheries management framework to see gaps in value chain
- See rapid urbanisation as an opportunity rather than a challenge
- Under PMAY-Gramin, 1.95 crore houses to eligible beneficiaries
- Comprehensive restructuring of National Highways Programme
- 'Har ghar jal' for all rural homes
- New Space India Ltd to help harness India's space ability commercially
- 100% FDI to be permitted for insurance intermediaries
- Examine further opening of FDI in aviation, media, animation,insurance
- To ease local sourcing norms for FDI for single-brand retail sector
- PPP for faster development & delivery of passenger freight services
- 'Electronic Fundraising Platform, a social stock exchange'
- 'Electricity,clean cooking facility for every rural home'
- 'Gaon, gareeb, kisan' focus
- FAME II scheme to encourage electric vehicles
- Pension for shopkeepers, retailers with turnover less than ? 1.5 crore
- PUSH FOR INSURANCE SECTOR: 100% FDI in Insurance intermediaries
- 'Propose a global investors meet'
- BOOST TO RETAIL SECTOR: Investment norms to be eased in single brand retail
- BANKING REFORMS: FM Announces easing of KYC Norms
- 'Propose a social stock exchange'
- 'Need hassle-free experience for foreign portfolio investors'
- 'New scheme to benefit 3 crore traders'
- 'New scheme to benefit 3 crore traders'
- 'Payment platform for MSMEs to cut down time'
- Budget '19:The big headlines: 'Quick loans for MSMEs'
- 'Current rental laws are archaic'
- 'Current rental laws are archaic'
- 'Don't look down on legitimate profit earning'
- 'Don't look down on legitimate profit earning'
- 'One nation, one grid'
- FM Sitharaman: 'Bharatmala' 'Sagarmala', UDAN bridging urban & rural divide
- FM Sitharaman: 'Incentives for electric vehicles'
- FM Sitharaman: 'From $1.85 trillion economy in 2014 to $2.7 trillion now'
- FM Sitharaman: 'India Inc are job creators, wealth creators'
- FM Sitharaman: 'All pvt sector industries played a role in growing our economy'
- FM Sitharaman: 'Hearts are filled with hope, trust, aspiration'
- FM Sitharaman: '$3 trillion economy in current year'
- FM Sitharaman: 'Minimum government, maximum governance mantra'
- FM Sitharaman: 'Capacity to reach $5 trillion in next few years'
- FM Sitharaman: 'Mazboot desh, mazboot nagrik'
- FM Sitharaman: 'Mantra of reform, perform, transform'
- FM Sitharaman: 'Set the ball rolling for a new India'
- FM Sitharaman: 'Every section gave the govt a firm mandate'
