Apart from this, realtors hailed decisions like exempting tax on income up to Rs 5 lakh and incentives provided on the purchase of the second home.
The government has already earmarked Rs 20,000 crore for disbursement in the current fiscal to an estimated 12 crore farmers.
In its commentary, S&P Global Ratings Analyst Andrew Wood said the budget at first glance suggests little change in the government's medium-term fiscal trajectory.
Presenting the interim budget for FY 2019-20 ahead of the general elections due in April-May this year, Finance Minister Piyush Goyal on February 1 proposed an array of incentives for both middle-class and farmers.
Funds allocated for inland waterways was at Rs 891.13 crore (revised estimate) in 2018-19, which has been reduced to Rs 757 crore for 2019-20.
The government has met more than 64.7 percent of the total budget estimate of direct taxes, for which the mop-up target is Rs 11.50 lakh crore.
Experts are also of the opinion that the amendment will not put an immediate end to piracy, but will certainly act as a deterrent that it will give teeth to law enforcement agencies.
Department of school education and literacy has been allocated Rs 56,386.63 crore for 2019-20
The proposal that no notional rent will be levied on second self-occupied homes and that capital gains up to Rs 2 crore can be used to buy two houses, is expected to boost demand for housing.
Goyal said that close to 10 lakh patients have benefited from medical treatment through free treatment made available under the scheme.
Under the newly announced PM Kisaan Samman Nidhi, farmers owning up to 2 hectares of land will get Rs 6,000 per annum
It will be interesting to watch how this scheme is implemented in such a short time.
The fiscal deficit target of 3.4 percent of GDP for FY19 and FY20 is encouraging and was welcomed by the D-Street
Cheer for middle income tax payers. FM Goyal announces tax rebate and increase in standard deduction.
Here are the ‘10 dimensions’ of government’s ‘Vision 2030’ for India.
The finance minister has made a compelling case for direct income transfers. Hopefully this will overhaul India’s notoriously leaky subsidy regime.
The film has been hailed as the fastest movie to rake in Rs 100 crore at the Box Office.
Here's the completed speech delivered by Finance Minister Piyush Goyal as he unveiled a string of schemes for the betterment of farmers and the common man.
"The general budget presented today is totally an election budget and would prove to be jumla (hollow promise) and chalava," Nath said in a tweet.
Watch Moneycontrol Consulting Editor Manas Chakravarty in conversation with Editor Santosh Nair as they decode Budget 2019.
The interim budget has taken the wind out of the Opposition’s sails — at least for the time being. However, does the government’s offensive move betray the BJP’s fears about the upcoming Lok Sabha polls?
Till now (April-January), the government has collected Rs 9.71 lakh crore revenue from GST.
Lack of single window clearance for movie production was one of the primary issues for the Indian film industry.
As part of Sagarmala Programme, more than 400 projects have been identified for implementation, during 2015-2035, across the areas of port modernisation and new port development, port connectivity enhancement, port-linked industrialisation and coastal community development. Out of these, 199 focus projects are phased out up to 2019
The AMRUT scheme was allocated Rs 6,400 crore (revised) in last year's Budget.