Union Budget 2019 : Live Updates

Union Budget 2019 : The finance Minister Piyush Goyal reached the parliament to present interim budget. This will be Piyush Goyal’s first budget though it is the second time that he is holding interim charge of the finance ministry. The budget session will start at 11 am.Budget 2019 : Live Updates

  • Under PM Kisan Yojana, farmers who have under 2 hectare land will get Rs 6000 per year income support.  12 crore farmer families will benefit under this yojana.
  • Farmers severely affected by natural calamities will get 2% interest subvention.
  • Rashtriya Gokul Yojana : Allocation of 750 crores in the current year itself.
  • Govt allocated Rs 19,000 crore for Pradhan Mantri Gram Sadak Yojana
  • Pm Kaushal Vikas Yojana: 1 cr youth being trained to earn livelihood.
  • Govt to create separate department of fisheries.
  • 2% interest subvention for animal husbandry & fisheries farmers.
  • Gratuity limit increases from Rs. 10 Lakh to Rs.20 Lakh.
  • Assured monthly pension of 3000 for unorganized sector workers
  • Rs 3 Lakh crores allotted to Defence for the first time in the Union Budget.
  • Vision 2030: To build next-gen infra – physical and social.
  • Vision 2030: India will lead the world with electric vehicles.
  •  Individual taxpayers with income upto 5 lakh will get full tax rebate.
  • Government announces relief for Middle class Tax Payers.
  • No tax on the investments for the people with gross income upto 6.5 lakh.
  • TDS threshold on bank & post office deposit up from 10,000 to 40,000.
  • TDS threshold on rental income raised from 1.8 lakh to 2.4 lakh.