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 

 

Comments

 

Other News

Charming tales of the Snakeman’s early years

Snakes, Drugs and Rock ’N’ Roll: My Early Years By Romulus Whitaker with Janaki Lenin HarperCollins, 400 pages, Rs 699

Gripping graphic narrative helps make sense of pandemics past

The Moral Contagion By Julia Hauser and Sarnath Banerjee HarperCollins, 140 pages, Rs 699 The world has lar

“Globally, there is unprecedented positivity for India”

Addressing the Viksit Bharat Viksit Uttar Pradesh program in Lucknow on Monday, prime minister Narendra Modi launched 14,000 projects across the state, worth more than Rs 10 lakh crore at the fourth groundbreaking ceremony of UP Global Investors Summit held in February 2023. The projects relate to sectors

World’s biggest bird-a-thon begins in India

During the four days from Feb 16, more than a thousand birdwatchers throughout India are coming together with the goal of documenting as many birds as possible across the country’s diverse locations. Over one lakh birdwatchers globally participate in the annual Great Backyard Bird Coun

Comments sought on Draft Guidelines for Prevention of Misleading Advt in Coaching Sector

The Central Consumer Protection Authority has sought public comments on the ‘Draft Guidelines for Prevention of Misleading Advertisement in Coaching Sector’. The draft guidelines are placed on the website of the Department of Consumer Affairs and are accessible through the link:

Electoral bond scheme unconstitutional: Supreme Court

In a landmark judgment, the Supreme Court of India has held the anonymous, unregulated and unlimited funding through electoral bonds and companies as unconstitutional. The five-judge Constitution Bench of the Supreme Court comprising chief justice DY Chandrachud and justices Sanjiv Khanna, B

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter