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21 Key Highlights of Union Budget 2019

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2019 BUDGET KEY HIGHLIGHTS

Union Finance Minister Piyush Goyal introduced the Interim Budget for 2019 in Parliament on Friday. The Interim Budget, for the most part, doesn’t rattle off new plans or doesn’t divulge any approach measures. The administration will introduce the vote on record for the following four-to-five months. An undeniable Budget will be displayed after the House reassembles after the general race.

BUDGET 2019

 

Below Are The 21 Key Highlights Of Budget 2019 From Mr. Goyal’s Speech:

 

budget 2019 highlights

 

  • Income tax waived off for those who earn up to INR 5 lakh

 

  • Individuals with gross income of up to INR 6.5 lakh require not to make good on any regulatory obligation if they make interests in provident assets and recommended values

 

  • Standard tax deduction for salaried people raised from INR 40,000 to 50,000

 

  • TDS edge on interest on bank and mail station stores raised from INR 10,000 to 40,000

 

  • TDS limit on rental pay expanded from INR 1.8 lakh to 2.4 lakh

 

  • I-T handling of returns to be done in 24 hours

 

  • Within the following 2 years, all confirmation of tax returns to be done electronically with no interface with the citizen

 

  • Package of 6000 per annum for farmers with under 2 hectares of land. Plan to be called Pradhan Mantri Kisan Samman Nidhi.

 

  • Vande Bharat Express, an indigenously created semi-rapid train, to be launched

 

  • One lakh digital town arranged in the following five years

 

  • Fund portion for the Northeast locale expanded to INR 58,166 crore, a 21% ascent over a year ago for foundation advancement

 

  • Anti-camcord controls to be presented in the Indian Cinematograph Act to forestall piracy and contact burglary of Bollywood films.

 

  • Single window leeway for Indian film producers.

 

  • 25 percent of sourcing for government ventures will be from the MSMEs, of which three percent will be from women entrepreneurs.

 

  • National Artificial Intelligence portal to be developed soon

 

  • ESI cover limit expanded to INR 21,000. Minimum pension likewise expanded to INR 1000.

 

  • Mega pension scheme for laborers in the composed segment with an income of under INR 15,000. They will almost certainly earn INR 3000 after the age of 60. The scheme will be called Pradhan Mantri Shramyogi Maan Dhan Yojana.

 

  • 2% interest subvention for farmers seeking after animal husbandry.

 

  • All farmers influenced by extreme natural calamities to get 2% interest subvention and extra 3% interest subvention upon timely repayment

 

  • The decision was taken to expand MSP by 1.5 occasions the generation cost for every one of the 22 crops

 

  • The 22nd AIIMS to come up in Haryana
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