Budget 2019 - The Spotlights!
By MYBRANDBOOK
Budget-2019 @Fiscal Deficit
* Fiscal deficit for 2019/20 estimated at 3.4 per cent of GDP
* Government to focus on debt consolidation along with fiscal consolidation
* India’s FY19 budget deficit pegged at 3.4% of GDP and fiscal deficit likely to be 2.5% in 2019-20
* India’s revenue deficit at 2.2 per cent of GDP in 2019/20
* India’s net market borrowing at 4.73 trillion rupees in 2019/20
* Current account deficit for 2018/19 seen at 2.5 per cent of GDP
* Fiscal deficit to be less than 3.1 per cent in 2019/20 without farm income benefit scheme
* Capital expenditure for 2019/20 to be around 3.36 trillion rupees on centrally sponsored schemes
* Disinvestment expected to cross 800 billion rupees in 2019
* RBI dividend, financial institutions to the government at 829.1 billion rupees in 2019/20
* Gross market borrowing @ 7.04 trillion rupees in 2019/20
Budget-2019 @Entertainment
* Keep track of entertainment stocks like Mukta Arts, Eros International, INOX Leisure etc.
* A single window clearance for Indian filmmakers.
Budget-2019 @Investment incentives
* No tax on notional rent on the second self-occupied house
* Raises standard deduction from Rs 40,000 to Rs 50,000.
* No TDS on house rent up to Rs 2.4 lakh
Budget-2019 @Income Tax
* Individuals with income up to Rs 5 lakh and another Rs 1.5 lakh in investments, with a total of Rs 6.5 lakh will have to pay no tax which will benefit nearly Rs 3 crore middle-class income earners
* Tax Exemption on tax deducted at source on interest income from bank, post office savings raised to 40,000 rupees from 10,000 rupees
* Individual taxpayers with income up to Rs 5 lakh proposed to get a full tax rebate
* The gratuity limit increased from Rs 10 lakh to Rs 20 lakh
Budget-2019 @Telecom
* Telecom stocks to benefit after govt announcement of creating 1 lakh digital villages in the next five years.
* Keep track on Bharti Airtel, Vodafone Idea and RIL
Budget-2019 @Digital India
* Finance Minister to launch a national centre & Portal for Artificial Intelligence
* India poised to become $5 trillion economies in next 5 years
* Aspire to become $10 trillion economies in next 8 years
* From being the 11th largest economy in 2013-14 India became the 6th largest economy in the world.
Budget-2019 @Social schemes
* Government to launch pension scheme of 3,000 rupees per month for unorganised sector workers after the age of 60 years.
* From social welfare state India seems to be moving towards a capitalist economy.
* India has achieved over 98% rural sanitation coverage; 5.45 lakh villages declared ODF & SwachhBharat now a national movement
* To provide comprehensive social security coverage for workers in the unorganised sector in India
* The NREGA scheme to get 600 billion rupees and will allocate 190 billion rupees for construction of rural roads
Budget-2019 @Transportation
* Inland freight waterways commenced from Kolkata to Varanasi. North-eastern states to be connected in due course.
* 100 plus airports now in India which is far below the government target
* India became the fastest highway developer in the world. 27 km of highways built each day
* Projects stuck for decades completed
* Sagar Mala to accelerate handling of import and export cars
* Construction of rural roads tripled. 15.8 lakh out of a total 17.84 lakh habitations connected with pucca roads under PMGSY.
* PMGSY allocated 19,000 crore rupees in 2019-20
Budget-2019 @Defence
* Defense budget in India allocated to be over 3 trillion rupees in FY19
Budget-2019 @Indian Rail
* FM allocates Rs 64,587 crore for Railways in FY20.
Budget-2019 @Power
* To promote renewable energy govt set up International Solar Alliance
* Installed solar generation capacity increased 10 times in the last five years
* Lakhs of new jobs created in this sector
Budget-2019 @Agriculture
* Small & marginal farmers to get budgetary support of 6,000 rupees per year.
* Government to allocate 750 billion rupees per year for farmer income
* Proposes to provide 2% interest subvention for farmers pursuing animal husbandry, fisheries
* Proposes to provide an additional 3% interest subvention to farmers hit by natural calamities if they repay loans on time
* Centre to spend Rs 75,000 crore annually on farm income support scheme
* It will be transferred in instalments of Rs 2,000 each
* Kisan Samman Nidhi scheme to be funded by central government
* Small, marginal farmers to get Rs 6,000 per year
Budget-2019 @Healthcare
* 22nd AIIMS hospital to come up in Haryana
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