#Budget 2019fornewindia

Goal Set for Indian Economy

 3 Trillion Dollar Economy by end of this year itself and march
towards 5 Trillion Dollar Economy
 Gujarat model to be replicated across india
 Opening of FDI to AVIATION and MEDIA to be examined
 100% FDI for insurance intermediaries

Pro Poor Budget

 Every Single Rural Family to get Power and GAS
 1.95 Crs Homes have been constructed in rural india
 Housing for all by 2022

Digital India & Space Programs

 Massive Push to Connect India
 New India Space to be incorporated and BIG Plans in Space
Sector
 India to Market Indian Space Products

Booster for MSME Sector

 3crs pension for Retail Traders and Shopkeepers
 Payment Platform for MSMEs
 TV Channel for Exclusively for Startup. Run by Startup
 Startup channel to be funded by govt
 Angel Tax issue – No Scrutiny for Start-ups
Infrastructure Development:
 80 K Cros for Road Project
 PPP Model for Urban Metro Projects

Agriculture Reforms and Focus

 Govt to Invest in Agri Sector
 India Farmers have made india self-sufficient in Pulses
 10 K FPO over the next 5 years
 Bamboo Khadi and Timber focus
 Private Finance in Farming
 New Farming Revolution
 Govt to encourage Farming Entrepreneurs
 Zero Budget Farming

Ease of Living:
 New Jal Ministry for Water Resource
 Jal Shakthi ministry to handle water crisis
 81 Lakhs Homes is under urban india construction and 13 Lakhs
homes constructed
 More measures to Ensure for Ease of Living
 3000per month pension for unorganised sector
 341 Corers annual saving on electricity
 Visually impaired people can easily identify the rupee coins of
various denominations made available clearly
To Remember Mahatma Gandhi:
 Gandhi Pedia introduced to sensitize the youth

Education Policy and Reforms:

 Major Changes in Education Policy
 New National Education Policy Announced
 New National Policy for Higher Education
 Greater focus on education and research
 2 IITs and IISc bgl are now top 200 institutions in the world . 3
Institutions in the list of top 200 institutions around the world. It
has happened last 5 years
 Study in India and to bring foreign students to india for higher
education
 400 corers allocated for Education

Women Empowerment:
 Schemes for Greater Women’s Participation
 Govt to push Women-LED initiatives
 New Women SHG and offer 1 Lakh for every member
 Nari tu Narayani: Women SHG Interest Subvention Programme
to be expanded to all districts in India.
 Every verified woman SHG member having a Jan Dhan account
can avail Rs 5,000 rupees overdraft facility.
Taxation:
 Aadhaar card for NRI’s on their arrival in india without wait for
180 days
 NPAs of Commercial Banks have reduced
 6 Public Sector Banks are out of Critical Stage
 Public Sector Banks will get infusion of 70 K corers
 One time credit guarantee for NBFCs
 RBI to regulate Housing Sector Loans
 100 L core infra boost to housing sector
 Strategic Disinvestments for Select CPSEs
 India’s Disinvestment Program will continue
 Direct Tax revenue up by 78%
 No Income tax less than 5 Lakhs
 25% Tax for Companies with 400 Crs Turn over from existing 250
crs and it ensures 99.3% corporates covered
 GST for electric vehicle is reduced from 12% to 5%
 PAN and AADHAAR Interchangeable
 PAN Not needed for I-T Returns
 2% Tax on cash withdrawal over 1 Cr
 Super RICH will pay more tax
 Make In India is a Cherished Goal
 Defence Equipment Exempt from Customs Duty
 5% Custom on Imported Books
 Custom Duties increased to
 1%Cess on Diesel and Petrol
 Custom duty increased for Gold and Precious metal from 2.5% to
12.5%
Housing Sector: Affordable housing
 Rental laws to be reformed. Modern tenancy laws will be shared
with states to promote house renting.
 Additional Rs 1.5 lakh tax relief on home loan for purchase of a
house up to Rs 45 lakh.Cheer for Home Buyers, Start-ups
 Regulation of HFCs (Housing Finance Cos) to move to RBI from
National Housing Bank.

Captured by M.K.Anand, Co Founder, See Change Consulting

+91 94440.25283 | anand@seechangeworld.com

#SCC4MSME | #MSME4MSME |#seechangeonline

Become Success Partner with SCC….Let us Support MSME