(PTI)
(PTI)

Budget 2019 highlights: Standard deduction to be raised, no tax on second house

  • Fiscal deficit for 2018/19 seen at 3.4% of GDP
  • Poor farmers to get Rs. 6,000 per year under PM Kisan scheme  
  • Unorganised labour to get Rs. 3,000 per month after age of 60 under mega pension scheme 
  • No income tax for income up to Rs. 5,00,000
  • Standard deduction to be raised from Rs. 40,000 to Rs. 50,000

1

All farmers affected by natural disasters to get 2% interest subvention upfront for entire loan period 

2

Current account deficit for 2018/19 seen at 2.5% of GDP

3

Farmers up to 2 hectare of land to come under PM Kisan scheme 

4

Government launches mega pension scheme for social security coverage of unorganised labour 

5

Fiscal deficit for 2018/19 seen at 3.4% of GDP

6

Recovered 3 lakh crore via bankruptcy code

7

Bank of India, Bank of Maharashtra and Oriental Bank no more under RBI's prompt corrective action  

8

Poor farmers to get 6,000 per year under PM Kisan scheme 

9

PM Kisan to transfer cash directly to farmers under PM Kisan scheme 

10

Poor farmers to get cash in three equal installments under PM Kisan scheme  

11

PM Kisan scheme for poor farmers to cost government 75,000 crore FY20

12

PM Kisan scheme for poor farmers to get 20,000 crore in FY19 

13

PM Kisan scheme to transfer cash directly to farmers' accounts 

14

PM Kisan scheme to start transfer of cash with effect from December 2018

15

Government announces Rashriya Gokul Mission to support poor owning cows  

16

Rashriya Gokul Mission cow scheme to get 750 crore in the current year

17

Central government to alone support PM Kisan scheme 

18

All farmers affected by natural disasters to get 2-5% interest subvention 

19

Gratuity cap doubled to 20 lakh

20

Government to contribute equally in pension accounts under mega pension scheme 

21

Unorganised labour to get 3,000 per month after age of 60 under mega pension scheme 

22

Government to implement mega pension scheme for unorganised labour from this year itself 

23

Mega pension scheme is for people with income up to 15,000 per month

24

PM mega pension scheme to benefit 10 crore people 

25

Total of 8 crore cooking gas cylinders to be distributed by next year under PM Ujwala Yojna 

26

Government to contribute 14% under New Pension Scheme 

27

India is the second biggest hub for start-ups

28

A National Programme for Artificial Intelligence covering 9 areas to be promoted 

29

Government projects to source 25% material from SMEs, 3% from only women-owned SMEs

30

GEM platform to cover all public sector enterprises to promote local industry, trade 

31

SME loans with ticket size of 1 crore to get 2% interest subvention 

32

Defence Budget crosses 3 lakh crore mark in FY20 Budget

33

Budgetary support for railways for FY20 is 64,587 crore 

34

Railways' operating ratio seen at 96.2% in FY19, 95% in FY20 

35

North-east states to get 21% higher budget allocation at 58,166 crore in FY20

36

Will set up 1 lakh digital villages in next 5 years 

37

JAN Dhan, Aadhar and mobile have been game changers 

38

34 crore Jan Dhan bank accounts opened in last 5 years 

39

Single window clearance to be made available to Indian film makers 

40

TV: Railways FY20 capex seen at 1.58 lakh crore 

41

Direct tax collections estimated at 12 lakh crore in FY19

42

Poised to become a $5 trillion economy in 5 years

43

Aspire to become a $10 trillion economy in 8 years 

44

1.3 lakh crore undisclosed income brought under tax net

45

3,38,000 shell companies detected and their directors disqualified

46

Average GST collection 97,100 crore 

47

Government lays out 10-year roadmap to improve ease of living 

48

Making India a pollution-free India in 10-year roadmap 

49

To lead world in transport and energy storage devices

50

To bring down dependent on imports for energy needs 

51

Roadmap envisions people traveling in electric cars 

52

Tenth dimension of government's India 2030 vision is a healthy governance 

53

Fiscal deficit pegged at 3.4% of GDP for FY20

54

Fifth dimension of government's India 2030 vision is clean rivers 

55

Government to scale up Sagarmala programme 

56

Seventh dimension of India 2030 is to lead in space programmes

57

Eighth dimension of India 2030 is to grow food in environment friendly manner

58

Ninth dimension of India 2030 is a healthy India 

59

Tenth dimension of India 2030 programme is a comprehensive wellness system 

60

FY20 total expenditure seen at 27.84 trillion rupees 

61

FY20 capital expenditure seen at 3,36,292 crore 

62

Central schemes to get 3,27,679 crore FY20

63

National education mission to get 38,572 crore FY20

64

Integrated child development scheme to get 27,584 crore FY20

65

SC, ST welfare to get 76,800 crore FY20

66

Salary earners, pensioners to get tax benefit 

67

Salary earners up to 5,00,000 annual income to get full tax rebate 

68

No income tax for income up to 5,00,000

69

Salary earners of up to 6,50,000 income to not pay tax if they make tax related investments

70

Standard deduction to be raised from 40,000 to 50,000

71

No tax if you own second house 

72

No TDS on post office savings up to 40,000

73

No TDS on rental income up to 2,40,000 per year 

74

No tax on notional rent on second house 

75

Capital gains tax exemption under Section 54 raised to 2 crore 

76

Tax on notional rent on unsold inventory to not be paid for 2 years 

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