Expectations from Interim Budget 2019:things to know - Highlight Investment Research

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Friday, 1 February 2019

Expectations from Interim Budget 2019:things to know


FM: Income tax relief on Notional Rent from unsold houses extended to 2 years

FM: TDS threshold on interest on post office and bank deposits raised from Rs 10,000 to Rs 40,000

FM: TDS threshold on rental income raised from Rs 1,80,000 to Rs 2,40,000

FM: No tax till Rs 5 lakh income for individuals tax payers. Standard reduction raised from Rs 40,000 to Rs 50,000

FM: Confident of reaching Rs 80,000 Cr divestment target

FM: Rs 56,619 crore made in budget estimate 2018-19 for welfare of SCs and STs, increased to Rs 62,474 crore in revised estimate 2018-19 has been further increased to Rs 76,800 crore in budget estimate 2019-20

FM: Capital expenditure - Rs 3.36,292 lakh crore

FM: The Group of Ministers is examining how prospective house buyers can benefit under Goods & Services Tax

FM: We are poised to become a 5 trillion dollar economy in the next 5 years

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

FM: Defence budget enhanced beyond Rs 3 lakh crore

FM: Already disbursed Rs 35,000 crore for our soldiers under OROP, substantial hike in military service pay has been announced

FM: Gratuity limit increased from Rs 10 lakh to Rs 30 lakh

FM: The scheme, called Pradhan Mantri Shram Yogi Mandhan, will provide assured monthly pension of Rs 3,000 with contribution of Rs 100 per month for workers in unorganized sector after 60 years of age

FM: Our government proposes to launch a mega pension yojna

FM: 2% interest subvention to farmers pursuing animal husbandry and fisheries

FM: Will provide Rs 6,000 per annum to be transferred directly to farmers holding land of up to 2 hectres

FM: More than 98% rural sanitation coverage has been achieved; more than 5.45 lakh villages declared ODF

FM: Rs 60,000 crore allocated for MNREGA this year

FM: Have recovered Rs 3 lk cr via IBC process

FM: BoI, Bank Of Maharashtra & OBC have come out of PCA framework

FM: Fiscal deficit has been brought down to 3.4% in the revised estimate of 2018-19

FM: We have prepared the foundation for sustainable progress and prosperity for our people; we are moving towards realizing the dream of NewIndia by 2022

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

FM: India attracted $239 billion FDI in the past five years



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