Governance Now Visionary Talks Series

Budget 2019: Here is the budget simplified in numbers

The interim budget for 2019-20, presented by the interim finance minister Piyush Goyal, introduced new schemes and laid out India’s current economic position

GN Bureau | February 1, 2019


#finance minister   #budget session 2019   #budget for new india   #PM Modi   #interim budget   #Piyush goyal   #Budget 2019  
Union minister for railways, coal, finance and corporate affairs, Piyush Goyal on way to present the Interim Budget 2019-20
Union minister for railways, coal, finance and corporate affairs, Piyush Goyal on way to present the Interim Budget 2019-20

The interim budget for 2019-20, presented by the interim finance minister Piyush Goyal, introduced new schemes and laid out India’s current economic position.

Read: Interim Budget 2019 rides high on elections

Here is the budget in numbers

•    Fiscal deficit for financial year 2019 revised at 3.4 percent
•    Rs 3,36,292 lakh crore spent on capital expenditure 
•    Approx Rs 3 lakh crore recovered in favor of banks and creditors
•    Rs 2.6 lakh crore worth of recapitalisation on banks made  
•    Over 98 percent rural sanitation coverage has been achieved; more than 5.45 lakh villages declared open defecation free
•    Rs 1,70,000 crore spent for bringing food at affordable rates to poor people 
•    1.53 lakh houses have been constructed under PM Awas Yojana
•    Rs 60,000 crores allocated for Mahatma Gandhi National Rural Employment Guarantee Act (MGNRENGA) for 2019-20
•    15.80 lakh habitations connected with Pucca roads
•    143 crore LED bulbs have been distributed under the UJALA scheme so far; Rs 50,000 crores saved in electricity bills
•    10 lakh patients benefitted by Ayushman Bharat Yojana
•    Attracted US $239 billion foreign direct investment in last 5 years
•    Rs 750 crores allocated to Rashtriya Gokul Mission for 2019 
•    3 percent supervision on timely repayment of loans 
•    Gratuity limit increased from Rs 10 lakh to Rs 30 lakh
•    10 crore workers in unorganized sectors to benefit from Pradhan Mantri Shram Yogi Mandhana Yojna; Rs 500 crores allocated to the scheme 
•    6 crore LPG connections made under Ujjwala Scheme 
•    Rs 3000 crores saved by people under Ayushman Bharat; 10 lakh people have benefited in total 
•    Rs 1 crore loan can now be obtained under 59 minutes
•    All farmers affected by severe natural disasters to will continue to get 2 percent interest subvention and an additional 3 percent on timely loan repayment
•    Rs 58,166 crore increase in allocation of funds for North-Eastern region 
•    34 crore Jan Dhan Yojana accounts opened in last five years
•    42 percent increase in minimum wages under all categories of workers in the last five years 
•    80 percent growth in tax base
•    99.54 percent returns have been accepted without any scrutiny; tax base up from Rs 3.79 crore to Rs 6.85 crore
•    Domestic air traffic doubled in the last 5 years
•    Rs 35,000 crore disbursed under one rank one pension since 2014
•    Income tax returns to be processed in 24 hours
•    Rs 80,000 crore relief to consumers under GST; GST collections in January 2019 has crossed Rs 1 lakh crore 
•    Rs 1.3 lakh crore undisclosed income recovered under anti-black money measure; 3.38 lakh shell companies deregistered
•    Rs 6,900 crores worth benami assets attached; Rs 1,600 crores worth foreign assets attached 
•    Rs 56,619 crore made in BE 2018-19 for the welfare of SCs and STs
•    Standard tax deduction for salaried persons raised from Rs 40,000 per month to Rs 50,000 per month
•    TDS threshold on interest on bank and post office deposits raised from Rs 10,000 to Rs 40,000 

 

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