Budget 2019 - The Spotlights!
By MYBRANDBOOK
Budget-2019 @Fiscal Deficit
* Fiscal deficit for 2019/20 estimated at 3.4 per cent of GDP
* Government to focus on debt consolidation along with fiscal consolidation
* India’s FY19 budget deficit pegged at 3.4% of GDP and fiscal deficit likely to be 2.5% in 2019-20
* India’s revenue deficit at 2.2 per cent of GDP in 2019/20
* India’s net market borrowing at 4.73 trillion rupees in 2019/20
* Current account deficit for 2018/19 seen at 2.5 per cent of GDP
* Fiscal deficit to be less than 3.1 per cent in 2019/20 without farm income benefit scheme
* Capital expenditure for 2019/20 to be around 3.36 trillion rupees on centrally sponsored schemes
* Disinvestment expected to cross 800 billion rupees in 2019
* RBI dividend, financial institutions to the government at 829.1 billion rupees in 2019/20
* Gross market borrowing @ 7.04 trillion rupees in 2019/20
Budget-2019 @Entertainment
* Keep track of entertainment stocks like Mukta Arts, Eros International, INOX Leisure etc.
* A single window clearance for Indian filmmakers.
Budget-2019 @Investment incentives
* No tax on notional rent on the second self-occupied house
* Raises standard deduction from Rs 40,000 to Rs 50,000.
* No TDS on house rent up to Rs 2.4 lakh
Budget-2019 @Income Tax
* Individuals with income up to Rs 5 lakh and another Rs 1.5 lakh in investments, with a total of Rs 6.5 lakh will have to pay no tax which will benefit nearly Rs 3 crore middle-class income earners
* Tax Exemption on tax deducted at source on interest income from bank, post office savings raised to 40,000 rupees from 10,000 rupees
* Individual taxpayers with income up to Rs 5 lakh proposed to get a full tax rebate
* The gratuity limit increased from Rs 10 lakh to Rs 20 lakh
Budget-2019 @Telecom
* Telecom stocks to benefit after govt announcement of creating 1 lakh digital villages in the next five years.
* Keep track on Bharti Airtel, Vodafone Idea and RIL
Budget-2019 @Digital India
* Finance Minister to launch a national centre & Portal for Artificial Intelligence
* India poised to become $5 trillion economies in next 5 years
* Aspire to become $10 trillion economies in next 8 years
* From being the 11th largest economy in 2013-14 India became the 6th largest economy in the world.
Budget-2019 @Social schemes
* Government to launch pension scheme of 3,000 rupees per month for unorganised sector workers after the age of 60 years.
* From social welfare state India seems to be moving towards a capitalist economy.
* India has achieved over 98% rural sanitation coverage; 5.45 lakh villages declared ODF & SwachhBharat now a national movement
* To provide comprehensive social security coverage for workers in the unorganised sector in India
* The NREGA scheme to get 600 billion rupees and will allocate 190 billion rupees for construction of rural roads
Budget-2019 @Transportation
* Inland freight waterways commenced from Kolkata to Varanasi. North-eastern states to be connected in due course.
* 100 plus airports now in India which is far below the government target
* India became the fastest highway developer in the world. 27 km of highways built each day
* Projects stuck for decades completed
* Sagar Mala to accelerate handling of import and export cars
* Construction of rural roads tripled. 15.8 lakh out of a total 17.84 lakh habitations connected with pucca roads under PMGSY.
* PMGSY allocated 19,000 crore rupees in 2019-20
Budget-2019 @Defence
* Defense budget in India allocated to be over 3 trillion rupees in FY19
Budget-2019 @Indian Rail
* FM allocates Rs 64,587 crore for Railways in FY20.
Budget-2019 @Power
* To promote renewable energy govt set up International Solar Alliance
* Installed solar generation capacity increased 10 times in the last five years
* Lakhs of new jobs created in this sector
Budget-2019 @Agriculture
* Small & marginal farmers to get budgetary support of 6,000 rupees per year.
* Government to allocate 750 billion rupees per year for farmer income
* Proposes to provide 2% interest subvention for farmers pursuing animal husbandry, fisheries
* Proposes to provide an additional 3% interest subvention to farmers hit by natural calamities if they repay loans on time
* Centre to spend Rs 75,000 crore annually on farm income support scheme
* It will be transferred in instalments of Rs 2,000 each
* Kisan Samman Nidhi scheme to be funded by central government
* Small, marginal farmers to get Rs 6,000 per year
Budget-2019 @Healthcare
* 22nd AIIMS hospital to come up in Haryana
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
The latest version of X helps prevent deepfakes on social medi
To combat deepfakes and shallowfakes, Elon Musk revealed a new update t...
India and Namibia collaborate on a payment system similar to U
Once operational, the platform will enable digital transactions in Namibia,...
Sebi issues show-cause notices to six Adani group firms
Sebi issued show-cause notices to six Adani Group firms, including Adani ...
DIGISOL SYSTEMS LTD.
SAMSUNG INDIA ELECTRONICS PVT. LTD.
VERSA NETWORKS INDIA PVT. LTD.
DELL TECHNOLOGIES INDIA PVT. LTD.
Technology Icons Of India 2023: Ajit Balakrishnan
The Company markets specific channels, community features, local langu...
Technology Icons Of India 2023: Mukesh D. Ambani
An Indian billionaire businessman Mukesh Dhirubhai Ambani is currently...
Technology Icons Of India 2023: Kulmeet Bawa
Kulmeet Bawa resides as President & Managing Director, SAP Indian subc...
Leading company into fertilizers in the country
NFL is a dynamic organization committed to serve the farming community...
HPCL is transforming the energy landscape, across the nation and beyond
HPCL is world-class energy company known for caring and delighting the...
New defence PSUs will help India become self-reliant
MIL, India’s biggest manufacturer and market leader is engaged in Pr...
SAVEX TECHNOLOGIES PVT. LTD.
Savex Technologies is the 3rd largest Information & Communication Tec...
M. TECH SOLUTIONS (I) PVT. LTD.
M.Tech is a leading cyber security and network performance solutions ...
BEETEL TELETECH LTD.
: Beetel is one of the oldest and most reputed brands in the Industry,...