Key Highlight
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    Budget FAQs

    What is four balance sheet problem?
    What constitutes Public Debt?
    What is deficit financing?
    What is Dividend Distribution Tax & how will its abolition impact the economy?
    What is government borrowing? How it impacts fiscal deficit?
    What is bank recapitalisation and how is it done?
    More from Budget FAQs

    Impact Areas
    Key Developments

    • For the girl child
      Beti bachaao beti padhaao launched, Rs 100 crore set aside.
    • More cash
      Rs 79,258 crore set aside for women welfare schemes.
    • The connect
      LPG connections for women, Rs 500 cr alloted for SC, ST entrepreneurs.
    • To mothers
      Rs 6000 transferred to each person under scheme for pregnant women.
    • Big move
      Women to be entitled to 26 weeks of maternity leave.
    • 2014
    • 2015
    • 2016
    • 2018
    • 2019
    • High on infra
      Smart cities, airports and highways get push along with a promise to decontrol diesel.
    • Battling NPAs
      Insolvency and Bankruptcy Code introduced in Lok Sabha.
    • Demonetisation
      Shock move to ban high-denomination notes caused much hardship, with limited benefits.
    • FIPB abolished
      Individual departments empowered to clear FDIs in consultation with DIPP.
    • LTCG returns
      10% tax on LTCG exceeding Rs 1 lakh from sale of shares brought back.
    • An ETF like ELSS
      Budget 2019 proposes CPSE ETFs on lines of ELSS
    • 2014
    • 2015
    • 2016
    • 2017
    • 2018
    • 2019
    • Cash push
      Finance for 5 lakh landless farmers, soil health card launched.
    • One stop solution
      National Agriculture Market created to price-proof farmers.
    • New plan
      Pradhan Mantri Krishi Sinchai Yojana implemented, Krishi Kalyan Cess brought in.
    • Credit line
      Rs 10 lakh crore credit to farmers, Fasal Bima Yojana launched.
    • Kisan Samman Nidhi
      Farmers with a holding of less than 2 hectares to get Rs.6,000 per annum in 3 instalments.
    • Limit removed
      All farmers to get Rs 6000 a Year under PM-KISAN scheme.
    • 2014
    • 2015
    • 2016
    • 2017
    • 2018
    • 2019
    • More power
      10-Year tax holiday for firms that start power generation.
    • Setu launched
      Self-Employment and Talent Utilisation mechanism to back startups.
    • Mudra cover
      Loans at low rates to micro-finance institutions to back MSMEs launched.
    • Tax relief
      Reduction in Income tax rate to 25% for domestic companies.
    • Loan in 59 minutes
      Dedicated digital platform launched to enable loans of upto Rs 1 cr in just 59 mins.
    • Red flags on MUDRA loans
      Against total amount of Rs 6.04-lakh cr under MUDRA, 2.86% has turned NPA in FY19
    • 2014
    • 2015
    • 2016
    • 2017
    • 2018
    • 2019

    Sectors In Focus

    Details on Budget

    Finance Minister Nirmala Sitharaman in her Budget brought in a new tax regime for individuals, abolished DDT and announced record spending in agriculture and infrastructure sectors to pull the economy out of its worst slowdown in more than a decade. The cut in income tax rates, which would help save Rs 1,820 to Rs 20,300 a year in tax for persons with annual income of above Rs 10 lakh, was however conditioned on foregoing current exemptions and deductions, including standard deduction for Rs 50,000 as well as the waiver earned on payment of up to Rs 1.5 lakh in tuition fee of children, and contribution towards insurance premium and provident fund. Alongside, the limit of insurance cover in case of bank failure on deposits was increased to Rs 5 lakh from Rs 1 lakh and a sale of government stake in the country's largest insurer Life Insurance Corporation (LIC) announced. The stock market, however, reacted negatively as the benchmark Sensex suffered its biggest single-day loss in over a decade on concerns over lack of growth boosting measures and fiscal discipline. For farm and rural sectors, she allocated Rs 2.83 lakh crore and fixed Rs 15 lakh crore target for giving agriculture credit. Another Rs 1.7 lakh crore spending was planned for transport infrastructure and Rs 40,740 crore allocation was made for the energy sector. In doing so, the government will miss its deficit target for the third year in a row, pushing shortfall to 3.8 per cent of GDP in the current fiscal as compared to 3.3 per cent previously planned. The fiscal deficit target for the coming fiscal year starting April 1 has been fixed at 3.5 per cent.

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