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

Understanding immunity: How to boost it during Covid-19

In a first, the Department of Home Science, Sri Padmavati Mahila Visvavidayalam (Women’s University) Tirupati, Andhra Pradesh, recently organized an international webinar on “Nutrition and Immune System Support during COVID-19 Pandemic”. Speakers included eminent national and internationa

Covid-19: India’s recovery rate improves to 59.43%

Even as Unlock enters the second phase, the number of Covid-19 infections continues to rise to record levels and India remains No 4 in the worldwide list, yet there is glimmer of hope: its recovery rate is also rising in tandem. There are 1,27,864 recovered cases more than the active Covid-1

Coming soon at a station near you: private trains!

A long-debated idea is finally coming to fruition as the Indian railways has decided to join hands with the private sector, in running some train services to begin with. The ministry of railways has invited ‘request for qualifications’ (RFQ) for private participation for operatio

A place of local democracy in pandemic governance: The case of Mumbai

Democracy in India is now taken for a fact, with an unstated assumption that all our institutions are democratic and hence often our successes and more often failures are attributed to ‘democracy’. However, a key frontier where democracy remains a challenge is that of local governments and that

Why TikTok, other apps were banned: “Engaged in anti-India activities”

India, facing China’s aggressiveness at border, has banned 59 smartphone apps, including TikTok, as they were indulging in activities harmful to India’s sovereignty and integrity. The reason cited was: “in view of information available they are engaged in activities which [

Gaganyaan mission not affected by pandemic

The launch of India’s first human space mission, ‘Gaganyaan’, will not be affected by Covid-19 and preparations are going on in the right direction even amid the pandemic. This was disclosed by minister of state (independent charge) development of north eastern region (DoNE



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter