Union Budget 2019-20 India Highlights,Updates – Bajat Satra 2019
The Modi government is presenting final budget for the first term on February 1. Arun Jaitley is unwell so Finance Minister Piyush Goyal is presenting this. Budget speech will be telecast live on Lok Sabha TV and Doordarshan (DD-1). Apart from this, budget speeches are also live on almost all private news channels.
See Live Goyal’s budget speech:
- 1 Bajat Satra 2019
- 2 Big Announcement on Income Tax
- 3 10 Lakh Patients were Treated under the Ayushman Bharat Scheme
- 4 Announcement of big plan for Kisan
- 5 Gratuity limit up to Rs 20 lakh
- 6 Pension Scheme for Workers
- 7 Announcement of new Plans in Budget
- 8 EPFO to Pay 6 Lakh on Death During Service
- 9 Sukanya Samriddhi Yojana
- 10 Ujjwala Yojana
- 11 Pradhan Mantri Jan Dhan Yojana
- 12 Swachh Bharat Mission
- 13 Two announcements for the film industry
- 14 Government to constitute committee for nomadic, semi-nomadic communities
- 15 Defense Budget: 3 Lakh Crores
- 16 19 Thousand Million for Rural Roads
- 17 This is not a Budget, this is a Development Journey
Bajat Satra 2019
Big Announcement on Income Tax
Personal income up to Rs 5 lakhs will be completely tax free and there will be no tax on personal income up to Rs 6.50 lakhs with various investment measures. Standard deduction increased from Rs 40,000 to Rs 50,000 for salaried class.
10 Lakh Patients were Treated under the Ayushman Bharat Scheme
Presenting the interim budget for 2019-20 in the Lok Sabha, the government said that the government is supplying medicines at affordable rates through public drug stores. Underlining the steps taken by the Narendra Modi-led government to provide affordable healthcare to the poor, he said that 21 All India Institute of Medical Sciences (AIIMS) have been set up or working in the country, out of which 14 institutions Has been approved after 2014 “. Goyal said that another institute will be opened in Haryana.
Announcement of big plan for Kisan
Under the PM Kisan Award Fund Scheme, Rs. 6000 per annum will be deposited in their account. The Modi government will bear the entire expenditure of the Kisan Adhikar Nidha. From 1 December 2018 the PM Kisan Samman Nidhi Scheme will be deemed to be implemented.
Gratuity limit up to Rs 20 lakh
Two percent discount in loan interest for animal husbandry and fishing. 5% discount on interest due to crop failure in case of disaster. New Pension Scheme for Government employees made easier. Gratitude limit was increased from 10 lakh to 20 lakhs.
Pension Scheme for Workers
Launch of Pension Scheme for Workers Mega pension scheme will be started from Prime Minister Shram Yogi Mannhan. People who are earning 15 thousand rupees per month will get the benefit of the scheme. On the death of workers, 6 lakh compensation will be awarded. In the Prime Minister’s Labor Yogi Mannhan Yojana, you will be given a monthly premium of 55 rupees.
Announcement of new Plans in Budget
Government will give guaranteed pension to low-income workers, after the age of 60 years on the contribution of 100 rupees per month pension payment of Rs 3000 per month. Announcement of PM Shrimayogi Mudhodan Yojana, benefits of plan to 10 crore workers earning Rs. 15 thousand rupees. Worker’s death now costs Rs 6 lakh instead of 2.5 lakh rupees Workers’ bonus will be increased to 7 thousand rupees, and those who have salary of up to Rs 21 thousand rupees bonus.
The First Rights of the Poor on the Country’s Resources
While presenting the budget for 2019-20 in Lok Sabha, Goyal said, “We are planning to provide urban facilities in rural areas while preserving” the spirit of the village “.” He further said that the government has worked to eliminate urban-rural divide and “the poor have their first right over the resources of the country.
EPFO to Pay 6 Lakh on Death During Service
death during the service, the EPFO has raised the amount from Rs 2.5 lakh to Rs 6 lakh. Under Anganwadi and Asha scheme, an increase of around 50% of the honorarium of our parents, employees of all categories.
Sukanya Samriddhi Yojana
This is a great investment plan. This scheme has been launched under the Beti Bachao-Beti Teacho Scheme. Anyone can open an account by depositing just Rs 250 with the Sukanya Samrudhi Yojana (SSY) for the daughter under 10 years of age. A maximum of 1.5 lakh rupees can be deposited within a year. Interest on the Sukanya Samrudhi Yojana is 8.5% and no tax is required on the income generated from the interest.
Under this scheme, the target was to provide 50 million gas connections by March 2019, which has been increased to 8 million by 2021. The government has called the Ujjwala Plan as the world’s largest poverty alleviation program. In this scheme, the government gives a subsidy of Rs 1600 per connection.
Pradhan Mantri Jan Dhan Yojana
The Government’s aim is to provide banking facilities to all the families across the country in this scheme. The common man took the government’s plan out of hand. More than 32 crore generating accounts have been opened in the country till December 2018. The biggest feature of it is that these zero balance accounts. Under the PMJDY, holders on the open account can also take up to Rs 10,000 as loan amount after 6 months.
Swachh Bharat Mission
Prime Minister Narendra Modi on October 2, 2014, was launched as a ‘Clean India’ national movement across the country under Clean India Mission. Under this campaign, the goal of realizing the concept of ‘Clean India’ has been set by 2 October 2019. (#MyCleanIndia) campaign was launched to connect common man to this campaign. Under the Swachh Bharat Abhiyan, till October 2, 2019, the target of creating 1.2 crore toilets at an estimated cost of 1.96 lakh crore rupees across the country.
Two announcements for the film industry
Under the first announcement, He announced the release of single window clearance to all the filmmakers who directed the film. Second, they emphasized on increasing the employment through the film. During this, the finance minister also talked of watching the movie ‘Uri: The Surgical Strike’, after which there was a lot of applause in the Parliament.
Government to constitute committee for nomadic, semi-nomadic communities
Mr. Goyal presenting the Interim Budget 2019-20 in the Lok Sabha said that the government will also constitute a Welfare Development Board under the Ministry of Social Justice and Empowerment, whose objectives are to implement the welfare and development programs of non-notified, nomadic and semi-nomadic communities. The Board will also ensure and implement special strategies for access to communities.
Defense Budget: 3 Lakh Crores
In this year 2019-20, the defense budget has been kept more than Rs 3 lakh crore, which is the highest ever any year.
19 Thousand Million for Rural Roads
Pradhanmantri Gramin Sadak Yojana offer so may Facilities. For the roads of the village, 19 thousand crore rupees will be given this year.
This is not a Budget, this is a Development Journey
Finishing the budget speech, Finance Minister Piyush Goyal said, “This is not just an interim budget, the development of the country is the medium of travel. The country is changing with the zeal of the countrymen. We have taken strong steps for the creation of a new India. On the other hand, we will make India the world’s leading country. Now all of us have just laid the foundation. With the people of the country, it will build a grand building.