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Last Updated : Jul 05, 2019 03:50 PM IST | Source: Moneycontrol.com

Budget 2019 in pics: Key takeaways from the 'Bahi-Khata'

Chief Economic Advisor Krishnamurthy Subramanian said that the change symbolizes India's departure from slavery of Western thought. He also said it is not a budget but a 'bahi khata'

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New Delhi: Finance Minister Nirmala Sitharaman meets President Ram Nath Kovind at Rashtrapati Bhavan ahead of the presentation of Union Budget 2019-20 at Parliament, in New Delhi, Friday, July 05, 2019. (RB Photo/PTI)(PTI7_5_2019_000020B)
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Finance Minister Nirmala Sitharaman presented the premier Budget of Modi 2.0 on July 5. This time the Budget was brought in a fold red cloth instead of the briefcase, a tradition that India had inherited from the British government. (Image: PTI)

India's Finance Minister Nirmala Sitharaman arrives to present the 2019 budget in Parliament, New Delhi, India July 5, 2019. REUTERS/Adnan Abidi - RC11D7AF71F0
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Pension benefit will be extended to 3 crore retail traders with an annual turnover less than Rs 1.5 crore under Pradhan Mantri Karam Yogi Man Dan Scheme (Image: Reuters)

budget,budget 2019,budget petrol
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Special additional excise duty of Re 1 cess/litre on petrol, diesel will be applicable. Customs duty on gold and other precious metals will also be increased to 12.5 percent (Image: PTI)

India's Finance Minister Nirmala Sitharaman arrives to present the 2019 budget in Parliament, New Delhi, India July 5, 2019. REUTERS/Adnan Abidi - RC160B186E00
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Tax deduction allowed under Section 24(b) of the Income Tax law for payment of interest on housing loan increased to Rs 3.5 lakh, up from Rs 2 lakh earlier. (Image: Reuters)

budegt 2019,psb,pnb
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The government will inject Rs 70,000 crore as additional capital into public sector banks. (Image: Reuters)

New Delhi: Finance Minister Nirmala Sitharaman with MoS Anurag Thakur and others leave the North Block to present the Budget for 2019-20 at the Parliament, in New Delhi, Friday, July 05, 2019. (PTI Photo/Ravi Choudhary)(PTI7_5_2019_000017B)
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The government has set a disinvestment target Rs 1.05 lakh cr which is a rise from the previous year’s target of Rs 85,000 crore (Image: PTI)

Budget 2019 - Finance Minister Nirmala Sitharaman
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The Finance Ministers asked SEBI to consider raising the threshold of public shareholding from 25% to 35%

New Delhi: President Ram Nath Kovind poses for a photograph with Finance Minister Nirmala Sitharaman, MoS Anurag Thakur and her team ahead of the presentation of Union Budget 2019-20, at Rashtrapati Bhavan in New Delhi, Friday, July 05, 2019. (RB Photo/PTI)(PTI7_5_2019_000022B)
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The government will provide one-time 6-month partial guarantee of Rs 1 lakh crore to state-run banks for purchasing consolidated pooled assets of financially-sound NBFCs. (Image: PTI)

budget 2019 railways
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Indian railways will use Public Private Partnership (PPP) model for faster development, rolling stock manufacturing and the delivery of freight, (PTI)

Budget 2019,isro,New Space India Limited
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New Space India Limited (NSIL) will be incorporated to tap into benefits of the research and development carried out by the Indian Space Research Organisation (Image: Twitter/PIB)

budget, budget 2019,
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New integrated Water ministry to provide water supply in an integrated and holistic manner which will help ensure 'Har Ghar Jal' or water to each house by 2024 (Image: Reuters)

budget 2019,aadhaar budget
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The interchangeability of the PAN and Aadhaar cards was announced. Aadhaar can now be used to file tax returns

budget 2019,budget tax
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Surcharge on individuals having taxable income from Rs 2 crore to Rs 5 crore; and 5 crore and above will be enhanced. The effective tax rate will increase by around 3% and 7% respectively

First Published on Jul 5, 2019 03:15 pm
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