Complete Coverage Of #Budget2019: Doubling Tax Exemption, DBT For Farmers, Biggest Ever Defence Budget And More

Finance Minister Piyush Goyal on Friday (1 February) presented the ‘interim’ finance budget in the absence of Arun Jaitley.

The biggest announcements during the speech included doubling Income Tax exemption limit to Rs 5 lakh, providing an annual direct benefit transfer (DBT) of Rs 6,000 to farmers and a pension scheme benefiting 10 lakh unorganised workers. A slew of benefits were also announced for the real estate sector.

Here are all the key headlines from Piyush Goyal’s speech:

1. Modi Government Delivers For Middle Class; Full Tax Rebate For Income Up To Rs 5 Lakh
2. Agriculture: DBT Of Rs 6,000 For Farmers With Less Than 2 Hectares Retrospectively From 1 December
3. Defence: Rs 35,000 Crore Disbursed As OROP For Armed Forces Veterans
4. War On Black Money: Rs 1.30 Lakh Crore Undisclosed Income Uncovered; 3.38 Lakh Shell Companies De-Registered
5. Infrastructure: India Fastest Highway Developer In The World; Safest Year For Indian Railways
6. Entrepreneurship: Rs 7.73 Lakh Crore MUDRA Loans Disbursed, India 2nd Largest Hub Of Start-Ups
7. Energy: Solar Generation Grew 10 Times In Last Decade; To Grow 50 Per Cent This Year
8. Big Reforms For Working Class: Pension Schemes Revamped; 10 Crore Unorganised Workers To Benefit
9. Healthcare: Ayushman Bharat Helped Poor Save Rs 3,000 Crore; India’s 22nd AIIMS Coming Up In Haryana
10. Inflation Down To Just 2.1 Per Cent In December 2018; Fiscal Deficit Target Revised To 3.4 Per Cent
11. Piyush Goyal Outlines 10 Focus Areas For Government’s ‘Vision 2030’
12. From ‘Loan Banking’ To ‘Clean Banking’ Says Piyush Goyal; Rs 3 Lakh Crore Recovered Via IBC
13. GST: India Became One Common Market, Inter-State Movements Become Faster
14. Income Tax: Direct Tax Collection Almost Double To Rs 12 Lakh Crore; Taxpayer Base More Than Doubles

Also Read:

Three Game-Changers In PM Modi’s Budget For Farms, Middle Class, Unorganised Labour

Real Estate Is A Big Beneficiary This Time From Goyal’s Budget