Updated By: LatestGKGS Desk
Budget 2019: Piyush Goyal presents Interim Budget in Lok Sabha Major Highlights
Budget 2019: Piyush Goyal presents Interim Budget in Lok Sabha- Major Highlights
The Interim Budget presented by acting Finance Minister Piyush Goyal on 1st Feb 2019 marks a revolutionary step in the policy directions that the government headed by Prime Minister Narendra Modi has given in its last before 2019 General Elections.
1. Fiscal deficit for 2018/19 seen at 3.4% of GDP
2. Poor farmers to get ₹6,000 per year under PM Kisan scheme
3. Unorganised labor to get ₹3,000 per month after the age of 60 under the mega pension scheme
4. No income tax for income up to ₹5,00,000
5. Salary earners up to ₹5,00,000 annual income to get a full tax rebate
6. Standard deduction to be raised from ₹40,000 to ₹50,000
7. SC, ST welfare to get ₹76,800 crore FY20
8. No tax if you own the second house & No tax on notional rent on the second house
9. Central government to alone support PM Kisan scheme
10. Capital gains tax exemption under Section 54 raised to₹2 crore
Impression: Government of India, has focussed majorly on Farmers and Middle-Class Families. It is expected to boost Indian economy.
