Budget 2019 |
The NDA Govt`s Last budget was presented by Piyush Goyal, who stepped in as interim finance minister after Arun Jaitley had to be away for medical treatment. Expectations were high on the 2019 Budget, as the Finance Minister`s speech was likely to put forth the "vision" of the NDA government, which is set to seek a second term in the upcoming elections. While presenting the budget Mr. Goyal said that “this is not just an Interim Budget, but a medium for country`s development. The budget had something for everyone. With schemes for farmers, digitalization, healthcare, entertainment and industry. Some of the High Points of the budget are: No Income tax for Individual with income upto Rs. 5 lakh Rupees; TDS on fixed deposits and postal deposits will be exempted for interest earned upto Rs. 40,000; Exemption on TDS on rent has been increased to Rs. 2.4 lakhs; Benefit under 80IBA of I-T Act will be extended for one more year for affordable housing; Defence budget has crossed rs 3 lakh crore for the first time; A mega pension Scheme for the common man; Pradhan Mantri Kisan Samman Nidhi for the Farmers; Allocation to MNREGA hiked to Rs 60,000 crore for 2019-20.
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