Budget 2019 - The Spotlights!


By MYBRANDBOOK


Budget 2019 - The Spotlights!

 

Budget-2019 @Fiscal Deficit 

* Fiscal deficit for 2019/20 estimated at 3.4 per cent of GDP

* Government to focus on debt consolidation along with fiscal consolidation

* India’s FY19 budget deficit pegged at 3.4% of GDP and fiscal deficit likely to be 2.5% in 2019-20

* India’s revenue deficit at 2.2 per cent of GDP in 2019/20

* India’s net market borrowing at 4.73 trillion rupees in 2019/20

* Current account deficit for 2018/19 seen at 2.5 per cent of GDP

* Fiscal deficit to be less than 3.1 per cent in 2019/20 without farm income benefit scheme

* Capital expenditure for 2019/20 to be around 3.36 trillion rupees on centrally sponsored schemes

* Disinvestment expected to cross 800 billion rupees in 2019

* RBI dividend, financial institutions to the government at 829.1 billion rupees in 2019/20

* Gross market borrowing @ 7.04 trillion rupees in 2019/20

 

Budget-2019 @Entertainment 

* Keep track of entertainment stocks like Mukta Arts, Eros International, INOX Leisure etc.

* A single window clearance for Indian filmmakers.

 

Budget-2019 @Investment incentives

* No tax on notional rent on the second self-occupied house

* Raises standard deduction from Rs 40,000 to Rs 50,000.

* No TDS on house rent up to Rs 2.4 lakh

 

 

Budget-2019 @Income Tax

* Individuals with income up to Rs 5 lakh and another Rs 1.5 lakh in investments, with a total of Rs 6.5 lakh will have to pay no tax which will benefit nearly Rs 3 crore middle-class income earners

* Tax Exemption on tax deducted at source on interest income from bank, post office savings raised to 40,000 rupees from 10,000 rupees 

* Individual taxpayers with income up to Rs 5 lakh proposed to get a full tax rebate

* The gratuity limit increased from Rs 10 lakh to Rs 20 lakh

 

Budget-2019 @Telecom

* Telecom stocks to benefit after govt announcement of creating 1 lakh digital villages in the next five years.

* Keep track on Bharti Airtel, Vodafone Idea and RIL

 

Budget-2019 @Digital India

* Finance Minister to launch a national centre & Portal for Artificial Intelligence

* India poised to become $5 trillion economies in next 5 years

* Aspire to become $10 trillion economies in next 8 years

* From being the 11th largest economy in 2013-14 India became the 6th largest economy in the world.

 

Budget-2019 @Social schemes

* Government to launch pension scheme of 3,000 rupees per month for unorganised sector workers after the age of 60 years.

* From social welfare state India seems to be moving towards a capitalist economy. 

* India has achieved over 98% rural sanitation coverage; 5.45 lakh villages declared ODF & SwachhBharat now a national movement

* To provide comprehensive social security coverage for workers in the unorganised sector in India

* The NREGA scheme to get 600 billion rupees and will allocate 190 billion rupees for construction of rural roads

 

Budget-2019 @Transportation

* Inland freight waterways commenced from Kolkata to Varanasi.  North-eastern states to be connected in due course.

* 100 plus airports now in India which is far below the government target

* India became the fastest highway developer in the world. 27 km of highways built each day

* Projects stuck for decades completed

* Sagar Mala to accelerate handling of import and export cars

* Construction of rural roads tripled. 15.8 lakh out of a total 17.84 lakh habitations connected with pucca roads under PMGSY.

* PMGSY allocated 19,000 crore rupees in 2019-20

 

Budget-2019 @Defence

* Defense budget in India allocated to be over 3 trillion rupees in FY19

 

Budget-2019 @Indian Rail

* FM allocates Rs 64,587 crore for Railways in FY20.

 

Budget-2019 @Power

* To promote renewable energy govt set up International Solar Alliance

* Installed solar generation capacity increased 10 times in the last five years

* Lakhs of new jobs created in this sector

 

Budget-2019 @Agriculture 

* Small & marginal farmers to get budgetary support of 6,000 rupees per year.

* Government to allocate 750 billion rupees per year for farmer income

* Proposes to provide 2% interest subvention for farmers pursuing animal husbandry, fisheries

* Proposes to provide an additional 3% interest subvention to farmers hit by natural calamities if they repay loans on time

* Centre to spend Rs 75,000 crore annually on farm income support scheme

* It will be transferred in instalments of Rs 2,000 each

* Kisan Samman Nidhi scheme to be funded by central government

* Small, marginal farmers to get Rs 6,000 per year

 

Budget-2019 @Healthcare

* 22nd AIIMS hospital to come up in Haryana

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