BUSINESS
DNA Web Team | Feb 01, 2019, 12:04 PM IST
1.Allocation for North Eastern Region
Allocation for North Eastern Region proposed to be increased by Rs 58,166 crore on this year 21% increase from last year: FM
2.Development of highways
Sagar Mala will help faster handling of import and export cars
3.Defence
Disbursed Rs 35000 crore under one rank one pension, over Rs 3 lakh crore allocated for Defence
4.Our soldiers are our pride
FM Piyush Goyal said, "Our soldiers are our pride and honour; #OROP, pending for last 40 years, has been implemented by us"
5.Indentification, Denotification of nomadic and semi-nomadic communities
A committee under NITI Aayog to be set up to identify and denotify nomadic and semi-nomadic communities; Welfare Development Board to be set up under Ministry of Social Justice and Empowerment for the welfare of these hard-to-reach communities
6.Pradhan Mantri Kisan Samman Nidhi
Under Pradhan Mantri Kisan Samman Nidhi, Rs 6000 per year to be provided for each farmer. This amount to be given in three installments. It shall be transferred directly to farmers' bank accounts. This scheme is for farmers with less than 2 hectares of land holding
7.Mega Pension Yojana
Mega Pension Yojana, namely Pradhan Mantri Shram Yogi Mandhan, to provide assured monthly pension of 3000 rupees per month, with a contribution of 100 rupees per month, for workers in unorganized sector after 60 years of age
8.Assured income support for small and marginal farmers
Budget 2019 to provide assured income support for small and marginal farmers
9.Increase in MSP
For the welfare of farmers and for doubling their income, a decision has been taken to increase MSP (Minimum Support Price) by 1.5 times the production cost for all 22 crops
10.North Eastern Region
Allocation for North Eastern Region proposed to be increased by Rs 58,166 crore on this year 21% increase from last year
11.FM on GST
"GST is undoubtedly the biggest taxation reform implemented since Independence; through tax consolidation, India became one common market; inter-state movements became faster through e-way bills, improving Ease of Doing Business," said Piyush Goyal
12.LPG connections
Six crores free LPG connections provided under #Ujjwala yojana
13.Increase in Direct Tax
18 per cent increase in Direct Tax in 2017-18; 1.06 people included in the tax base; More than one crore people filed tax for the first time after demonitisation
14.Tax
Individuals with gross income up to 6.5 lakh rupees will not need to pay any tax if they make investments in provident funds and prescribed equities
15.Full tax rebate
Individual taxpayers with annual income up to 5 lakh rupees to get full tax rebate
16.Housing projects
Benefits under Sec 80IBA of the Income Tax Act being extended for one more year, for all housing projects approved till the end of 2019-2020
17.Rural job creation
FM announces higher allocation for MNREGA for rural job creation
18.India a 5 trillion dollar economy
Piyush Goyal said, "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"
19.Arun Jaitley's reaction
"My compliments to Shri Piyush Goyal for delivering an excellent Budget. The Budget furthers the agenda of the Government headed by Prime Minister Shri @narendramodi ji to comprehensively address the challenges of the economy. @PiyushGoyal" tweeted FM Arun Jaitley
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