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

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