2019 Interim-Union budget of India: Difference between revisions

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  | 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>
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The '''Interim Union Budget of India for the year 2019''' 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]].
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==

Revision as of 23:03, 11 January 2022

2019 (2019) Union Budget of India
Emblem of India.svg
Emblem of India
Submitted2 February 2019
Submitted byPiyush Goyal, Minister of Finance (India) (Additional Charge)
PartyBJP
Total revenue₹2,732,903 crore (US$310 billion)[1]
Total expenditures₹3,401,639 crore (US$390 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

In the budget, the fiscal deficit for 2019–20 will be 3.94% of GDP. The budget set aside ₹6,000 (US$69) 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$34) 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$5,700). Standard deduction of ₹50,000 (US$570) 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

  1. ↑ "Receipts" (PDF). Ministry of Finance, Government of India. Archived from the original (PDF) on 19 February 2019. Retrieved 29 January 2018.
  2. ↑ "SUMMARY OF EXPENDITURE" (PDF). Ministry of Finance, Government of India. Archived from the original (PDF) on 19 February 2019. Retrieved 29 January 2018.
  3. ↑ "Budget 2019: Full text of Piyush Goyal's budget speech". Mint. 1 February 2019. Retrieved 1 February 2019.
  4. ↑ "Budget 2019 highlights: Standard deduction to be raised, no tax on second house", Live Mint, 1 February 2019
  5. ↑ "Budget 2019: Government's Expenditure Plan Across Key Rural Schemes". BloombergQuint.

External links

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