Budget 2019-20 at a glance

Lots of proposals and allocations have been made to different sectors. Let us have a glance at the Budget 2019.

Hyderabad:Nirmala Sitharam has presented her first budget in the parliament. Lots of proposals and allocations have been made to different sectors. Let us have a glance at the Budget 2019:-

Vision for the decade

1. Vision for the decade- The Modi government has pitched the idea of building physical and social infrastructure, blue economy, pollution free India, etc.

Building a New India

2. The government has thought of building a new India by providing better transportation, housing, etc. to the people.

Banking and Regulatory Reforms

3. Banking and Regulatory Reforms will also be improvised.

Increase threshold turnover for lower rate of corporate tax

4. The government has also decided to increase the threshold turnover for lower rate of corporate tax.

Financial Sector Reforms

5. Financial Sector Reforms like enhanced target of rs. 1.05 lakh crore of disinvestment receipts for the financial year 2019-20 has also been announced.

Har Ghar Jal

6. Har Ghar Jal Scheme has been launched to ensure water security and access to safe and adequate drinking water to all Indian's.

Strengthening Rural Economy

7. The Modi government has decided to set up 80 livelihood Business Incubators (LBIs) and 20 technology Business Incubators (TBIs) to develop 75000 skilled entrepreneurs in agro-rural industry sectors to strengthen the rural economy.

Pradhan Mantri Matsya Sampada Yojana

8. Pradhan Mantri Matsya Sampada Yojana has been launched.

Pradhan Mantri Karam Yogi Maandhan Scheme

9. To provide pension benefit to retail traders Pradhan Mantri Karam Yogi Maandhan Scheme has been launched.

Tax Reforms

10. Various tax reforms have also been adopted for new India.

NBFC Reforms

11. The government will take the necessary steps to allow all NBFCs to directly participate on the TReDS platform.

Infrastructure for USD 5 trillion economy

12. Blueprint for developing gas grids, water grids,i-ways, and regional airports has been developed to support the USD 5 trillion economy.

Investments for USD 5 trillion economy

13. Source of investment for infrastructure financing will be enhanced.

Startup India

14. Various steps have been taken to flourish in the startup sector.

Young India

15. National Research Foundation has been created for young India.

Women Entrepreneurship

16. Several steps have been taken to encourage women entrepreneurship in India.

Decision for middle class

17. The Modi Government has also announced income tax deduction for the middle class.