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Union Budget 2019 - Live Updates

Posted Date : 01-Feb-2019 , 07:12:38 am | Posted By CASANSAAR print Print
FM Piyus Goyal to present Interim Budget 2019 today. CASANSAAR are providing you live updates of Interim Budget 2019. JUST REFRESH THE PAGE (CLICK F5) FOR ALL LIVE UPDATES.

Individual taxpayers having annual income upto 5 lakhs will get full tax rebate

Capital gains exemption under section 54 increased to Rs 2 crore, to be available on 2 house properties

Standard Deduction for Salaried person incresed from Rs. 40k to 50k

TDS Threshold Limit on Banks , Post office increased from Rs. 10k to 40k

TDS Threshold Limit on Rent increased to Rs. 240000/-

No Tax on Notional Rent on two self occupied house property.

Finance Minister says Rs 38,572cr allocated for National Education Mission

Govt allocated Rs 38,572 crore for National Education Mission

Govt sets Rs 76,800 Cr for welfare of SC/ST

We are poised to become a 5 trillion dollar economy in the next 5 years and we aspire to become a 10 trillion dollar economy in the next 8 years 

More than 1 crore people filed IT returns for the first time, after demonetization

Committed to eliminating the scourge of black money; anti-black money measures taken have brought an undisclosed income of about 1.30 lakh crore rupees to the fore; 3.38 lakh shell companies were deregistered

Businesses with less than Rs. 5 crore annual turnover, comprising over 90% of GST payers, will be allowed to return quarterly returns: FM

The Group of Ministers is examining how prospective house buyers can benefit under Goods & Services Tax (GST)

GST has been continuously reduced resulting in relief of Rs 80,000 crore rupees to the consumers;  Most items of daily use are now in the 0%-5% tax bracket

GST is probably the biggest taxation reform implemented since Independence; with tax consolidation, India became one common market; inter-state movements became faster through e-way bills, improving Ease of Doing Business

Within nearly two years, almost all assessment and verification of IT returns will be done electronically by an anonymized tax system without any intervention by officials

All tax returns will be processed in 24 hours going ahead

Direct tax collections increased from Rs 6.38 lakh crore in 2013-14 to almost Rs 12 lakh crore; The tax base is up from Rs 3.79 crore to 6.85 crore

Govt will set up 1 lakh digital villages in the next 5 years

A single window clearance for filmmaking to be made available to filmmakers, anti-camcording provision to also to be introduced to Cinematography Act to fight piracy

Mobile Date increased to 50 times and cost is less the any country in the word.

34 crore Jan Dhan Yojana accounts opened in last 5 years: FM

Govt projects now have to source 25% of their requirements from SMEs: FM

Capital support for Railways at Rs 64,587 crore for FY20: FM

For the first time, the defence Budget has been raised to over Rs 3 lakh crore, FM says will provide additional funds for defence, if needed

Soldiers our pride and honour; OROP, pending for last 40 years, has been implemented by us. Already disbursed 35,000 crore rupees for soldiers under OROP, substantial hike in military service pay announced:

75% of woman beneficiaries under Pradhan Mantri Mudra Yojana, 26 weeks of maternity leave and the Pradhan Mantri Matritva Yojana, are all empowering women in the country

FM announce 8 crore free LPG connections under 'Ujjwala' Yojana

New Pension Scheme - employee's contribution is 10%, government's contribution increased from 10% to 14%

Gratuity payment limit has been increased from Rs 10 lakh to Rs 20 lakh: FM

Govt announced Pradhan Mantri Shram Yogi Maandhan Yojana for organised sector worker with income up to Rs 15,000 per month. Beneficiaries will get Rs 3,000 pension after the retirement

FM Piyush Goyal: Instead of rescheduling of crop loans, the farmers severely affected by natural calamities will get 2% interest subvention and additional 3% interest subvention upon timely repayment

FM announce 2% interest subvention for animal husbandry & fisheries sector

Govt increased allocation for Gokul Scheme to Rs 7,500 cr

Farmers owning up to 2 hectares to get Rs 6,000 per year under PM Kisaan Samman Nidhi. About 12 crore farmer families will benefit from the programme; it will be implemented from December 2018 itself. It will cost the government Rs 75,000 crore annually and the scheme will be 100 per cent funded by the government

Farmer package to cost govt Rs 75,000 crore - FM

FM says 10 lakh people treated under Ayushman Bharat so far

PMGSY allocation Rs 19000 crore, same as budgeted for 2018-19

As a tribute to Mahatma Gandhi, world's largest behavioural change movement Swachh Bharat initiated; more than 98% rural sanitation coverage has been achieved; more than 5.45 lakh villages declared ODF

14 new AIIMS launched accrosed the country.

FM says RERA & Benami Property Act helped bring transparency in the realty sector

FM says moving to an India where farmer incomes will double by 2022

Rs 60,000 crore allocated for MNREGA this year

BoI, BoM & OBC are out of PCA framework, FM expect other banks to soon exit prompt corrective action.

Govt spent Rs 2.6 lakh crore in recapitalisation of PSU banks and recovered Rs 3 lakh crore via IBC process

We have set the stage for decades of high growth with path-breaking structural reforms such as the GST

The govt has contained double-digit inflation & restored fiscal balance.

FM says inflation under Modi govt lower than any other govt

Fiscal deficit seen at 3.4% in FY19, CAD at 2.5% of GDP

Average inflation in UPA government was 10% and we have brought that down that to 4 percent

FM says govt has made many transformational & structural reforms

6th Largest Economy in the Word.

FM Starts Budget speech by wishing ailing Arun Jaitley a speedy recovery.

Parliament Session Starts, FM Piyush Goyal Presents Union Budget.

Cabinet has approved the Interim Budget

Copies of Budget brought to Parliament

FM Piyush Goyal arrives at Finance Ministry; to present the Interim Budget at 11 am

FM Piyush Goyal meets President Kovind before presenting the Union Budget 2019

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