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Budget 2019

Budget 2019 Highlights: Union Budget Highlights

1. Direct Taxation – Key Features of Budget 2019

  1. For home loan taken on self-occupied house property till 31/3/2020. The interest deduction on housing loans increased from 1.5 lakhs, home of 45 lakh rupees would be eligible for it.
  2. The ease and convenience of the taxpayers and the exchange of PAN and base. Income tax returns can be filed using Aadhaar number !!
  3. To discourage cash payments, the bank account @ 2% on the withdrawal of more than 1c per annum from the bank account.
  4. The surcharge for taxable income between Rs 2 crore and Rs 5 crore has increased from 15% to 18%
  5. The surcharge for persons with taxable income up to Rs 5 crore to Rs 10 crore has increased from 15% to 22% – FY 2019-20.
  6. Proposal to relieve the benefits of the transaction tax of securities.
  7. Corporate tax of 25% which is applicable to companies with an annual turnover of more than Rs. 250 crores, will be applicable with an annual turnover of Rs. 400 crores.
  8. 35AD extended to Li-ion battery, semi-conductor, laptop, fabrication and photo volt.

2. Infrastructure – Key Features of Budget 2019

  1. Focus on investment in infrastructure, for instance, national highways and aviation sectors.
  2. The second phase of Bharat Mala to develop state highways
  3. National highways will be reorganized wide.

3. Education – Key Features of Budget 2019

  1. National Education Policy to Propose Major Changes in Both Secondary and Higher Education
  2. Self initiatives – promoting digital education
  3. More attention to research and development – National Research Foundation to promote research and development – pooling and dissolving research grants from various ministries, preventing duplication of research projects
  4. For youth – New national educational policy for changing the Indian education system.

4. Startup Development – Key Features of Budget 2019

  1. Government to start hosting special programs for startups on DD News.

5. Household – Key Features of Budget 2019

  1. Accommodation, electricity, clean cooking facilities, safe and adequate drinking water arrangements for all in rural India
  2. Encourage management of rainwater harvesting, groundwater recharge and domestic wastewater for reuse in agriculture.
  3. Every home water – to all rural families by 2024.
  4. 70 million LPG connections given to rural families.

6. Pension – Key Features of Budget 2019

  1. The benefits of pension to those 30 million retail traders and shopkeepers, whose annual turnover is up to Rs 1.5 crore.

7. MSME-Budget 2019 Highlights

  1. 350 crores allocated for 2% interest provision for all GST-registered MSMEs on fresh or incremental loans
  2. MSME: Large scale reform plan, government to create a forum for MSME payments
  3. MSME has to get a loan up to 1 crore within 59 minutes. Loan of Rs. 350 crore has already ended

8. Women Empowerment – Highlights of Budget 2019

  1. Committee to be formed with public and private stakeholders for gender equality: FM
  2. Every SHG woman with Jan Dhan Account – Rs. 5,000 / – Overdraft allowed: FM
  3. Loans up to 1 lakh under the money scheme for women entrepreneurs: FM

9. NRI – Budget 2019 Highlights

  1. Proposal for issuing Aadhaar card on arrival for NRIs with Indian passport: FM
  2. Aadhaar card for the arrival of NRI in India
  3. To increase NRI investment in the Indian capital market – the NRI portfolio scheme route and FPI route should be merged.

10. Budget – Highlights of Railway Budget 2019

  1. Railway Infra will require an investment of Rs 50 lakh crore between 2018 and 2030;
  2. PPP is used to speed up the development and distribution of passenger goods services.
  3. Railway station modernization will be started this year.
  4. Indian Railways have to be encouraged to invest more in urban and suburban areas
  5. 657KM operation of Metro Rail in the country

11. Banking and Financial Sector – Budget 2019 Highlights

  1. Reforms will be made to strengthen governance in public sector banks
  2. NPAs of commercial banks have decreased by Rs 1 lakh crore compared to last year.
  3. Recovery of more than 4lac crores with IBS
  4. NPAs of commercial banks were less than 1 lakh crore as compared to last year.
  5. After the consolidation of public sector banks, now the capital revenues have increased to Rs 70,000 crore
  6. The government launched consolidation smoothly, reducing the number of PSBs to 8
  7. NBFCs – which are basically sound, during the current financial year, the total amount of money from the government will be Rs 1 lakh crore.
  8. RBI has regulatory authority, now RBI’s regulatory authorities will be kept more than NBFCs
  9. Proposal to strengthen RBI’s regulatory authority over NBFCs – Debenture Redemption Reserve should be maintained
  10. Proposal for refunding regulatory authority to RBI from NHB!

12. Electric Vehicle – Budget 2019 Highlights

  1. An additional income tax deduction of 2.5 lakhs on interest paid on loans taken for buying a low GST rate of 12% to 5% on electric vehicle and purchase of an electric vehicle.
  2. In order to make the electric vehicles affordable, In additional, IT deduction of 1.5 lakh on the interest paid on loans taken for the purchase of electric vehicles

13. Technology – Key Features of Budget 2019

  1. 35AD reductions include solar storage battery and charger: FM
  2. Program of mass scaling of LED bulbs – approx. 35 million LED bulb distributed
  3. Machines and robots to be deployed for dirt
  4. To align India with the world, focus on young VR, AI, robotics training.
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About Dwipen Gogoi

Dwipen Gogoi, MBA (IB and IT) and PGDFT from Pune. (Technical Analyst of AliceBlue) I am a You Tuber, Blogger and doing Technical Analysis last 10 years in Stock, Commodity and Forex Market. i am creating various trading strategies for day traders, swing traders, scalp traders.

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