Finance minister Piyush Goyal today presented the Union Budget- 2019 in Lok Sabha. Goyal was appointed interim finance minister on January 23 with Arun Jaitley undergoing treatment in the United States. Here is a look at the main points of the Budget presented by Piyush Goyal.

• Domestic air traffic doubled in last 5 years
• 2% interest subvention on MSME loans with ticket size of Rs 1 cr
• Govt projects now have to source 25% of their requirements from SMEs
• Government will set up a welfare development board to help implement development programmes for nomadic and semi-nomadic communities
• 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.
• Government proposes to launch a mega pension yojna, Beneficiaries will be provided assured pension of Rs 3,000 per month
• Increased tax-free gratuity from Rs 10 lakh to Rs 20 lakh
• Increased EPFO membership by 2 crore in last two years
• 2% interest subvention for farmers affected by severe natural calamities
• 2% interest subvention to farmers pursuing animal husbandry and fisheries
• Increased allocation for Rashtriya Gokul Mission to 750 crore in current year
• Rs 6,000 per annum to farmers holding land of up to 2 hectares
•  545000 villages open defecation free
•  Inflation in December 2018 was just 2.1%, all time low
•  Fiscal deficit & current account deficit down
•  Ensured spirit of cooperative federalism
•  Attracted USD 239 BN as FDI
• Government earmarked Rs 1.7 lakh crore in 2018-19 to ensure food for all
•  Ayushman Bharat to provide medical treatment to nearly 50 crore people99.54% returns have been accepted without any scrutiny
• 34 crore Jan Dhan accounts opened in last five years
• Monthly mobile data consumption has increased 50 times in last 5 years
• Railways to get ₹64,587 crore in FY20
• 3 lakh crore recovered from big corporate loan defaulters
• Defence budget crosses ₹3 trillion mark
• Domestic air traffic doubled in last 5 years
• 2% interest subvention on MSME loans with ticket size of Rs 1 cr
• Govt projects now have to source 25% of their requirements from SMEs
• Government will set up a welfare development board to help implement development programmes for nomadic and semi-nomadic communities
• 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
• Government proposes to launch a mega pension yojna, Beneficiaries will be provided assured pension of Rs 3,000 per month
• Increased tax-free gratuity from Rs 10 lakh to Rs 20 lakh
• Increased EPFO membership by 2 crore in last two years
• 2% interest subvention for farmers affected by severe natural calamities
• 2% interest subvention to farmers pursuing animal husbandry and fisheries
• Increased allocation for Rashtriya Gokul Mission to 750 crore in current year
• Rs 6,000 per annum to farmers holding land of up to 2 hectares
• 545000 villages open defecation free
• Inflation in December 2018 was just 2.1%, all time low
• Fiscal deficit & current account deficit down
• Ensured spirit of cooperative federalism
• Attracted USD 239 BN as FDI
• Government earmarked Rs 1.7 lakh crore in 2018-19 to ensure food for all.
• Govt to focus on building physical & social infra for ease of living
• We are poised to become $5 trillion economy in the next 5 years
• 3.38 lakh shell companies deregistered
• 1 crore people filed IT return for first time after demonetisation
• High taxation on multiple commodities has been rationalised
• FM announces all tax scrutiny to be done via Anonymous Digital Interface
• SMEs with earnings below INR 5 crore will soon file GST only once in 3 months
• Within next 2 yrs, all assessment of returns to be done electronically
• Direct tax: Tax collection up from Rs 6,38 lakh cr to Rs 12 lakh cr
• Most daily-use items are now under 0-5% tax slab under GST
• 99.54% returns have been accepted without any scrutiny
• 34 crore Jan Dhan accounts opened in last five years
• Monthly mobile data consumption has increased 50 times in last 5 years
• Railways to get ₹64,587 crore in FY20
• 3 lakh crore recovered from big corporate loan defaulters
• Defence budget crosses ₹3 trillion mark
• Domestic air traffic doubled in last 5 years
•  2% interest subvention on MSME loans with ticket size of Rs 1 cr
• Govt projects now have to source 25% of their requirements from SMEs
• Government will set up a welfare development board to help implement development programmes for nomadic and semi-nomadic communities
• 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
• Government proposes to launch a mega pension yojna, Beneficiaries will be provided assured pension of Rs 3,000 per month
• Increased tax-free gratuity from Rs 10 lakh to Rs 20 lakh
• Increased EPFO membership by 2 crore in last two years
• 2% interest subvention for farmers affected by severe natural calamities
• 2% interest subvention to farmers pursuing animal husbandry and fisheries
• Increased allocation for Rashtriya Gokul Mission to 750 crore in current year
• Rs 6,000 per annum to farmers holding land of up to 2 hectares
•  545000 villages open defecation free
• Inflation in December 2018 was just 2.1%, all time low
•  Fiscal deficit & current account deficit down
• Ensured spirit of cooperative federalism
• Attracted USD 239 BN as FDI
• Government earmarked Rs 1.7 lakh crore in 2018-19 to ensure food for all

Be a part of Elets Collaborative Initiatives. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook , connect with us on LinkedIn and follow us on Twitter.

"Exciting news! Elets technomedia is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!