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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'

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)

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

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)

India's Finance Minister Nirmala Sitharaman arrives to present the 2019 budget in Parliament, New Delhi, India July 5, 2019. REUTERS/Adnan Abidi - RC160B186E00

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)

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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)

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

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)

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)

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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

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

First Published on Jul 5, 2019 03:15 pm
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