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{{Use Indian English|date=February 2019}} | {{Use Indian English|date=February 2019}} | ||
{{Use dmy dates|date=February 2019}} | {{Use dmy dates|date=February 2019}} | ||
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| treasurer = | | treasurer = | ||
| chancellor = | | chancellor = | ||
| Total_Revenue = {{INRConvert|2732903|c|year=2019|lk=on}}<ref>{{Cite web|url=http://www.indiabudget.gov.in/ub2019-20/bag/bag5.pdf|title=Receipts|last=|first=|date=|website=[[Ministry of Finance (India)|Ministry of Finance]], [[Government of India]]|access-date=January 29, 2018}}</ref> | | Total_Revenue = {{INRConvert|2732903|c|year=2019|lk=on}}<ref>{{Cite web|url=http://www.indiabudget.gov.in/ub2019-20/bag/bag5.pdf|title=Receipts|last=|first=|date=|website=[[Ministry of Finance (India)|Ministry of Finance]], [[Government of India]]|access-date=January 29, 2018|archive-date=19 February 2019|archive-url=https://web.archive.org/web/20190219131538/https://www.indiabudget.gov.in/ub2019-20/bag/bag5.pdf|url-status=dead}}</ref> | ||
| Total_Expenditures = {{INRConvert|3401639|c|year=2019|lk=on}}<ref>{{Cite web|url=http://www.indiabudget.gov.in/ub2019-20/eb/stat1.pdf|title=SUMMARY OF EXPENDITURE|last=|first=|date=|website=[[Ministry of Finance (India)|Ministry of Finance]], [[Government of India]]|access-date=January 29, 2018}}</ref> | | Total_Expenditures = {{INRConvert|3401639|c|year=2019|lk=on}}<ref>{{Cite web|url=http://www.indiabudget.gov.in/ub2019-20/eb/stat1.pdf|title=SUMMARY OF EXPENDITURE|last=|first=|date=|website=[[Ministry of Finance (India)|Ministry of Finance]], [[Government of India]]|access-date=January 29, 2018|archive-date=19 February 2019|archive-url=https://web.archive.org/web/20190219072938/https://www.indiabudget.gov.in/ub2019-20/eb/stat1.pdf|url-status=dead}}</ref> | ||
| spending = | | spending = | ||
| tax_cut = | | tax_cut = | ||
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The '''Interim Union Budget of India | The '''2019 Interim Union Budget of India''' was presented by acting Finance Minister [[Piyush Goyal]] on 1 February 2019.<ref name="fulltext">{{cite news |title=Budget 2019: Full text of Piyush Goyal’s budget speech |url=https://www.livemint.com/budget/news/budget-2019-full-text-of-piyush-goyal-s-budget-speech-1549020796632.html |accessdate=1 February 2019 |work=Mint |date=1 February 2019}}</ref> Government introduced [[Pradhan Mantri Kisan Samman Nidhi]] and [[Pradhan Mantri Shram Yogi Mandhan]]. | ||
==Highlights== | ==Highlights== | ||
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{{India-econ-stub}} | {{India-econ-stub}} | ||
{{Union budget of India}} | {{Union budget of India}} | ||
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[[Category:Union budgets of India]] | [[Category:Union budgets of India]] | ||
Latest revision as of 01:29, 9 July 2023
 | |
| Submitted | 2 February 2019 |
|---|---|
| Submitted by | Piyush Goyal, Minister of Finance (India) (Additional Charge) |
| Party | BJP |
| Total revenue | ₹2,732,903 crore (US$380 billion)[1] |
| Total expenditures | ₹3,401,639 crore (US$480 billion)[2] |
‹ 2018 2019 › | |
The 2019 Interim Union Budget of India was presented by acting Finance Minister Piyush Goyal on 1 February 2019.[3] Government introduced Pradhan Mantri Kisan Samman Nidhi and Pradhan Mantri Shram Yogi Mandhan.
Highlights[edit | edit source]
In the budget, the fiscal deficit for 2019–20 will be 3.94% of GDP. The budget set aside ₹6,000 (US$84) for farmers having up to 2 hectares of land. The amount is available in 3 equal installments of Rs.2000 each under Pradhan Mantri Kisan Samman Nidhi. ₹3,000 (US$42) per month pension after 60 years of age to unorganized sector labor under Pradhan Mantri Shram Yogi Mandhan. Subscribers have to pay a monthly amount of Rs.100 if aged 29 years and Rs.55 if a subscriber is of 18 years of age. Income tax relief u/s 87A for income up to ₹500,000 (US$7,000). Standard deduction of ₹50,000 (US$700) for salaried class.[4]
In 2018 Budget, the outlay was revised for six key social schemes focussed on enhancing the welfare of farmers and the poor, in addition to announcing a new scheme aimed at direct cash transfers to farmers. Apart from that allocation across three other schemes focused on rural India have been raised.[5]
References[edit | edit source]
- ↑ "Receipts" (PDF). Ministry of Finance, Government of India. Archived from the original (PDF) on 19 February 2019. Retrieved 29 January 2018.
- ↑ "SUMMARY OF EXPENDITURE" (PDF). Ministry of Finance, Government of India. Archived from the original (PDF) on 19 February 2019. Retrieved 29 January 2018.
- ↑ "Budget 2019: Full text of Piyush Goyal's budget speech". Mint. 1 February 2019. Retrieved 1 February 2019.
- ↑ "Budget 2019 highlights: Standard deduction to be raised, no tax on second house", Live Mint, 1 February 2019
- ↑ "Budget 2019: Government's Expenditure Plan Across Key Rural Schemes". BloombergQuint.
External links[edit | edit source]
- Times Of India: Interim-Union Budget 2019 Highlights
- Government of India: Union Budget and Economic Survey
 _-_Obverse.jpg){kind=small} | This article related or pertaining to the economy of India is a stub. You can help Bharatpedia by expanding it. |
{{#seo: |keywords=Union budgets of India, 2019 in Indian economy, 2019 government budgets, Modi administration |description= }}