Budget 2019

Budget 2019

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Farmers :
  • Announced Pradhan Mantri Kisan Samman Nidhl ; the Gorment will transfer rs. 6,000 per annum for small & marginal farmers.

  • 2 % Interest subvention to farmers in animal husbandry & fisheries.

Unorganized Sector :


  • Pradhan Mantri Shram Yogi Mandhan, a pension scheme was announced; to provide assured monthly pension of rs. 3,000 after the age to 60 years.
  • Gratuity limit has been increased from rs. 10 lakh to rs 30 lakh.

Salaried Middle Class Common Man
  • People with annual earning upto Rs 5 lakh will be exempted from paying Income Tax.
  • Standars tax deduction for salaried persons raised from Rs 40,000 to  Rs 50,000.
  • TDS threshold on interest on bank & post office deposits raised from Rs 10,000 to 40,000.
  • Contribution to new pension scheme has been increased from 4% to 14%.

File Makers 
  • A single window clearance for filmmaker & anti-camcording provision in Cinematography Act to fight piracy.


Railways 
  • The government has allocated a sum of Rs 64,587 Cr for Railways in 2019-20.
Defense
  • The Defense Budget has been enhanced beyond Rs 3 Lakh Cr. 

                                                           Interim Finance Minister 
                                                                   Piyush Goyal

                                                           Presented the union Budget


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