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'
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)
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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)
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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)
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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)
The government will inject Rs 70,000 crore as additional capital into public sector banks. (Image: Reuters)
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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)
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The Finance Ministers asked SEBI to consider raising the threshold of public shareholding from 25% to 35%
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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)
Indian railways will use Public Private Partnership (PPP) model for faster development, rolling stock manufacturing and the delivery of freight, (PTI)
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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)
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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)
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The interchangeability of the PAN and Aadhaar cards was announced. Aadhaar can now be used to file tax returns
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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
