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Highlights Of The Budget 2019 | Drizzle and Dazzle 

Highlights Of The Budget 2019 | Drizzle and Dazzle 

Finance Minister Piyush Goyal is the Santa for Indian middle class.


Today, Piyush Goyal presented the budget in Lok Sabha and has won million hearts. Though termed as “Interim Budget”, Mr. Goyal presented the government’s proposed vision for 2030. He has provided sops for middle-class taxpayers, and announced an annual dole to small farmers.

In his speech, Mr. Goyal says, “This is not just an Interim Budget, but a medium for country development. The country is changing because of the “josh” of the Indian citizens. Development has become a movement in our government.”

To boost the enthusiasm our finance minister recites a poetry in Marathi, “I keep one foot, thousands of paths open up. For new India, we have taken such empowering steps that endless possibilities have opened up.”

He says, “We have only created the foundation now, now with the people together we will make a huge building of this country.”

“Our intent is clean, policy is clear and resolve is unshakeable . With this I commend the budget to the House”. Piyush Goyal says ending his budget speech.

First time ever, allocation of over ₹3 lakh crore for defence budget also shows Government's firm commitment towards protecting our nation and making it a stronger one!

Budget 2019 is a Diwali celebration for Indian middle class and Drizzle and Dazzle is showering wishes from D&D 2019 Budget:

Budget 2019 is a way to NAMO again, here are the highlights of Budget 2019:

 

  • Within 2 years, Tax assessment will be done electronically

  • IT returns processing in just 24 hours

  • Custom duty has abolished from 36 Capital Goods

  • Minimum 14% revenue of GST to states by Central Government

  • Recommendations to GST council for reducing GST rates for home buyers

  • Full Tax rebate upto 5 lakh annual income after all deductions

  • Standard deduction has increase from 40000 to 50000

  • Exempt on tax on second self-occupied house

  • Ceiling limit of TDS u/s 194A has increased from 10000 to 40000

  • Ceiling Limit of TDS u/s 194(1) has increased from 180000 to 240000

  • Capital tax Benefit u/s 54 has increased from investment in one residential house to two residential houses.

  • Benefit u/s 80IB has increased to one more year ie 2020

  • Benefit has given to unsold inventory has increased to one year to two years.

 

Other Areas

  • State share has increased to 42%

  • PCA restriction has abolished from 3 major banks

  • 2 lakhs seats will increase for the reservation of 10%

  • 60000 crores for MANREGA

  • 1.7 lakh crore to ensure food for all

  • 22nd AIIMS has to be opened in Haryana

  • Approval has to be given to PM Kisan Yojana

  • Rs 6000 per annum has to be given to every farmer having upto 2 hectare land

 

Applicable from Sept 2018. The amount will be transferred in 3 installments
 

  • National kamdhenu ayog for cows. Rs. 750 crores for National Gokul Mission

  • 2% interest subvention for farmers pursuing animal husbandry and also create separate department for fisheries.

  • 2% interest subvention for farmers affected by natural calamities and additional 3% interest subvention for timely payment.

  • Tax free Gratuity limit increase to 20 Lakhs from 10 Lakhs

  • Bonus will be applicable for workers earning 21000 monthly

  • The scheme, called Pradhan Mantri Shram Yogi Mandhan, will provide assured monthly pension of Rs. 3,000 with contribution of Rs. 100 per month for workers in unorganized sector after 60 years of age.

  • Our government delivered 6 crores free LPG connections under Ujjawala scheme

  • 2% interest relief for MSME GST registered person

  • 26 weeks of Maternity Leaves to empower the women

  • More than 3 Lakhs crores for defence

  • One lakh digital villages in next 5 years

  • Single window for approval of India film makers








     


 

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