Budget 2019: Here is the budget simplified in numbers -Governance Now

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

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

India’s biggest walkathon-for-a-cause keeps its date – online this time

Oxfam Trailwalker, arguably India`s biggest walkathon-for-a-cause challenge, has gone virtual this year, with participants completing the 100 km walk within or around the confines of their homes over a span of 10 days – from November 20 to November 29, complying with the social distancing rules.

How about flagging candidates with criminal past on ballot?

The concept of the ‘Rule of Law’ is the basic structure of our constitution. It becomes imperative to observe the rule of law in order to run the country according to the constitutional provisions. However, in reality, often politicians with criminal records get elected and even become part of

Advocating for Cities Where the Poor and Women Count

The Citymakers: How Women Are Building a Sustainable Future for Urban India, published by Hachette India this month, narrates the genesis and journey of the Mahila Housing SEWA Trust (MHT), set up in 1994 to respond to t

‘Media worst affected with massive job losses’

Coming down heavily on the government for economic de-growth and job losses, Congress national spokesperson Supriya Shrinate has said that even before the Covid pandemic struck, the economy had been falling down for eight consecutive quarters. The former journalist said that while the

Covid-19: Maintain caution, say new MHA Guidelines

The ministry of home affairs (MHA) on Wednesday issued an ‘Order with Guidelines for Surveillance, Containment and Caution’, effective for the month of December, noting that “to fully overcome the pandemic, there is need to maintain caution and to strictly follow the prescribed containmen

Lakshmi Vilas Bank to be amalgamated with DBS Bank India

The scheme of amalgamation of Lakshmi Vilas Bank Limited (LVB) with DBS Bank India Limited (DBIL) has been approved by the union cabinet on Wednesday. On November 17, to protect depositors’ interest and in the interest of financial and banking stability, on RBI’s application und