Interim FM presents interim Budget '19

As financre minister Arun Jaitley is currently abroad for treatment, railway and coal minister Piyush Goyal, who is also the acting finance minister currently, presented the NDA government’s interim Budget for 2019 before the General elections due in the next three months. 

In his Budget presenetation, which was in the nature of a pre-election outline of the five-year achievements of the Prime Minister Narendra Modi-led government, Goyal credited the ruling alliance with "breaking the back of back-breaking inflation".

 

  • Individual taxpayers with income upto Rs 5 lakh: full tax rebate
  • People with gross income upto 6.5 lakh: no tax if they make investment
  • Govt announces relief for middle class taxpayers
  • TDS threshold on interest on bank,post office deposit raised to 40,000
  • Standard deduction raised from Rs 40,000 to Rs 50,000
  • RERA, Benami Transaction Prohibition Act bringing transparency
  • Tax rebate on rental income raised from 1.8 lakh to 2.4 lakh
  • Inflation in December 2018 down to 2.19%
  • Significant increase in tax collection and tax base
  • Rs 3 lakh crore recovered in favour of banks and creditors
  • Cost of data & voice calls in India now possibly lowest in the world
  • Benefit of Rs 18,500 crore to 3 crore middle class taxpayers
  • Fiscal deficit down to 3.4% in 2018-19
  • India fastest highway developer. 27 km highway built every day
  • 1 crore people filed IT return for first time after demonetisation
  • We brought down average rate of inflation down to 4.6%
  • FM: We are fastest growing major economy in the world
  • All unmanned crossings on broad gauge network eliminated
  • We aspire to become a $10 trillion economy in the next 8 years
  • 3.38 lakh shell companies deregistered
  • Construction of rural roads have been tripled
  • FM: Moving towards realising new India by 2022
  • Allocation for Defence crosses Rs 3 lakh crore for the first time
  • India has achieved over 98% rural sanitation coverage
  • Within next 2 yrs, all assessment of returns to be done electronically
  • PM Kisan Yojana: benefit to be transferred directly to farmers' a/cs
  • One Rank One Pension: Rs 35000 crore disbursed
  • 99.54% of all tax returns accepted without scrutiny
  • Till March 2019,all willing households will get electricity connection
  • Under PM Kisan Yojana, farmers to get Rs 6000 per year income support
  • Tax returns up from 3.79 crore to 6.85 crore
  • Domestic air traffic doubled in the last 5 years
  • Defaulting managements are either paying or exiting business
  • We are poised to become $5 trillion economy in the next 5 years
  • Launched world largest healthcare program - Ayushman Bharat
  • Capital expenditure target: Rs 3.36 lakh crore
  • Pension scheme to benefit 10 cr workers in unorganised sector
  • Vision 2030: India placing an Indian astronaut in space by 2022
  • Mobile & parts manufacturing firms have increased from 2 to 268
  • We have over 100 operational airports in the country
  • Solar generation capacity has increased 10 times in last five years
  • Allocation for North East up 21% to Rs 58,166 crore
  • Economically weak given 10% quota
  • Vision 2030: Clean Rivers, with safe drinking water to all Indians
  • GST: Most items of daily use under 0-5% tax slab
  • Vision 2030: India will lead the world with electric vehicles
  • FM: India is solidly back on track, marching towards growth
  • National Artificial Intelligence portal to be developed soon
  • Vision 2030: Digital India reaches every citizen
  • Measures implemented to ensure clean banking
  • GST biggest taxation reform since independence
  • Direct tax: Tax collection up from Rs 6,38 lakh cr to Rs 12 lakh cr
  • GST returns are fully online. Interstate movements faster
  • Current account deficit expected to be 2.5% of GDP this year
  • OROP was pending for last 40 years, has been resolved by us
  • 21 AIIMS operating or being established in the country
  • Container freight movement in inland waterways to extend to North East
  • 2008-14: Period of aggressive credit growth
  • Anti-black money measures have brought Rs 1.30 lakh crore under tax
  • Rs 19000 crore allocated for Gram Sadak Yojana
  • 1.53 lakh houses for the poor constructed by this govt
  • Vikas has become a people's movement under this government
  • Single window clearance for shooting films for Indian filmmakers
  • Vision 2030: Expanding rural industrialisation using modern tech
  • FM: We have taken transformational structural reforms
  • Assured monthly pension of 3000 for unorganised sector workers
  • Govt to create separate department of fisheries
  • We want urban facilities in villages
  • EPFO membership has increased by 2 crore in 2 years
  • Vande Bharat Express will provide speed, service & safety to citizens
  • GST registered MSME units to get 2% interest subvention on 1 cr loan
  • Government announces farmer income support
  • Aspirational Districts Program helping 115 most backward districts
  • Ayushman Bharat: Till now 10 lakh people have benefitted
  • Over 5 lakh villages open defecation free
  • Expenditure to rise by 13% from 2018-19 to 2019-20
  • India second largest hub of startups
  • Ujjwala Yojana: 6 crore free cooking gas connection given
  • We have ushered in a new era of transparency
  • PM Kisan Yojana: farmers who have under 2 hectare land to benefit
  • 22nd AIIMS being established in Haryana, my home state
  • High taxation on multiple commodities has been rationalised
  • All farmers hit by natural calamity to get interest subvention of 5%
  • Rs 60,000 crore being allocated for MNREGA
  • Panel under NITI Aayog to identify nomadic communities
  • 34 crore Jan Dhan accounts opened in last five years
  • 2% interest subvention for animal husbandry & fisheries farmers
  • Fiscal Deficit target at 3.4% of GDP for 2019-20
  • We aim to have 1 lakh digital villages in the next five years
  • Ujjwala Yojana:Next year we will achieve target of 8 crore connections
  • GST rate reduction has resulted in relief of Rs 80,000 cr to consumers
  • Vision 2030: To build next-gen infra - physical and social
  • Only 12% GST for cinemagoers
  • Rashtriya Gokul Yojana: Allocation of Rs 750 cr in current yr itself
  • PM Kaushal Vikas Yojana: 1 cr youth being trained to earn livelihood
  • When there is such high growth, jobs are created
  • Rs 1 crore loan can now be obtained under 59 minutes
  • Job seekers have become job creators
  • THE ELECTION BUDGET: 1: Direct income support of ? 6000 per year for marginal farmers
  • Current account deficit likely to be only 2.5% of GDP this year
  • 1: Direct income support of ? 6000/year for marginal farmers
  • 2: Farmer income support plan, first ? 2000 payout soon
  • 3: Income Tax cut proposed, but for now current rates continue
  • 4: ? 60,000 cr for MNREGA, up from ? 55,000 cr current year
  • GST registered MSME units to get 2% interest subvention on 1 cr loan
  • Vikas has become a people's movement under this government
  • TDS threshold on rental income raised from 1.8 lakh to 2.4 lakh
  • TDS threshold on interest on bank,post office deposit raised to 40,000
  • Standard deduction raised from Rs 40,000 to Rs 50,000
  • Benefit of Rs 18,500 crore to 3 crore middle class taxpayers
  • People with gross income upto 6.5 lakh: no tax if they make investment
  • Govt announces relief for middle class taxpayers
  • Individual taxpayers with income upto Rs 5 lakh: full tax rebate
  • Significant increase in tax collection and tax base
  • Capital expenditure target: Rs 3.36 lakh crore
  • Expenditure to rise by 13% from 2018-19 to 2019-20
  • Fiscal Deficit target at 3.4% of GDP for 2019-20
  • India placing an Indian astronaut in space by 2022
  • Clean Rivers, with safe drinking water to all Indians
  • Expanding rural industrialisation using modern tech
  • Digital India reaches every citizen
  • India will lead the world with electric vehicles
  • To build next-gen infra - physical and social
  • We aspire to become a $10 trillion economy in the next 8 years
  • We are poised to become $5 trillion economy in the next 5 years
  • 3.38 lakh shell companies deregistered
  • 1 crore people filed IT return for first time after demonetisation
  • Anti-black money measures have brought Rs 1.30 lakh crore under tax
  • GST rate reduction has resulted in relief of Rs 80,000 cr to consumers
  • Only 12% GST for cinemagoers
  • Most items of daily use under 0-5% tax slab
  • High taxation on multiple commodities has been rationalised
  • GST returns are fully online. Interstate movements faster
  • GST biggest taxation reform since independence
  • 99.54% of all tax returns accepted without scrutiny
  • Within next 2 yrs, all assessment of returns to be done electronically
  • Tax returns up from 3.79 crore to 6.85 crore
  • Direct tax: Tax collection up from Rs 6,38 lakh cr to Rs 12 lakh cr
  • 34 crore Jan Dhan accounts opened in last five years
  • Single window clearance for shooting films for Indian filmmakers
  • Cost of data & voice calls in India now possibly lowest in the world
  • We aim to have 1 lakh digital villages in the next five years
  • Mobile & parts manufacturing firms have increased from 2 to 268
  • Allocation for North East up 21% to Rs 58,166 crore
  • Solar generation capacity has increased 10 times in last five years
  • Vande Bharat Express will provide speed, service & safety to citizens
  • All unmanned crossings on broad gauge network eliminated
  • Container freight movement in inland waterways to extend to North East
  • India fastest highway developer. 27 km highway built every day
  • Domestic air traffic doubled in the last 5 years
  • (102)(38)
  • We have over 100 operational airports in the country
  • Allocation for Defence crosses Rs 3 lakh crore for the first time
  • One Rank One Pension: Rs 35000 crore disbursed
  • OROP was pending for last 40 years, has been resolved by us
  • Rs 1 crore loan can now be obtained under 59 minutes
  • National Artificial Intelligence portal to be developed soon
  • India second largest hub of startups
  • Job seekers have become job creators
  • PM Kaushal Vikas Yojana: 1 cr youth being trained to earn livelihood
  • Ujjwala Yojana:Next year we will achieve target of 8 crore connections
  • Ujjwala Yojana: 6 crore free cooking gas connection given
  • Pension scheme to benefit 10 crore workers in unorganised sector
  • Panel under NITI Aayog to identify nomadic communities
  • Assured monthly pension of 3000 for organised sector workers
  • Gratuity limit increased from Rs 10 lakh to Rs 30 lakh
  • When there is such high growth, jobs are created
  • EPFO membership has increased by 2 crore in 2 years
  • All farmers hit by natural calamity to get interest subvention of 5%
  • 2% interest subvention for animal husbandry & fisheries farmers
  • Govt to create separate department of fisheries
  • Rashtriya Gokul Yojana: Allocation of Rs 750 cr in current yr itself
  • Government announces farmer income support
  • PM Kisan Yojana: benefit to be transferred directly to farmers' a/cs
  • PM Kisan Yojana: farmers who have under 2 hectare land to benefit
  • Under PM Kisan Yojana, farmers to get Rs 6000 per year income support
  • Aspirational Districts Program helping 115 most backward districts
  • 22nd AIIMS being established in Haryana, my home state
  • 21 AIIMS operating or being established in the country
  • Ayushman Bharat: Till now 10 lakh people have benefitted
  • Launched world largest healthcare program - Ayushman Bharat
  • Till March 2019,all willing households will get electricity connection
  • 1.53 lakh houses for the poor constructed by this govt
  • Rs 19000 crore allocated for Gram Sadak Yojana
  • Construction of rural roads have been tripled
  • We want urban facilities in villages
  • Rs 60,000 crore being allocated for MNREGA
  • Economically weak given 10% quota
  • Over 5 lakh villages open defecation free
  • India has achieved over 98% rural sanitation coverage
  • RERA, Benami Transaction Prohibition Act bringing transparency
  • We have ushered in a new era of transparency
  • Rs 3 lakh crore recovered in favour of banks and creditors
  • Defaulting managements are either paying or exiting business
  • Measures implemented to ensure clean banking
  • 2008-14: Period of aggressive credit growth
  • Current account deficit expected to be 2.5% of GDP this year
  • Fiscal deficit down to 3.4% in 2018-19
  • Inflation in December 2018 down to 2.19%
  • We brought down average rate of inflation down to 4.6%
  • We are fastest growing major economy in the world
  • Moving towards realising new India by 2022
  • India is solidly back on track, marching towards growth
  • We have taken transformational structural reforms