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Budget Highlight PDF
Budget Highlight PDF
1
PUSH TO INVESTMENT: INFRASTRUCTURE DEVELOPMENT
Bharatmala phase 2 to be
Road launched. State road
networks will be developed World’s third largest UDAAN: Number of
domestic aviation Operational Airports crossed
Air market 100
2
PUSH TO INVESTMENT: INFRASTRUCTURE DEVELOPMENT
Gas Water
grids grids
Measures for boosting infrastructure financing
Vision for
connectivity Credit Action plan to To permit
infrastructure Guarantee deepen long transfer of
Enhancement term bonds FII/FPI
Regional Corporation to market investment in
I-ways
airports be set up in debt securities
2019-20 issued by IDF-
NBFCs to
domestic
investors
Power
grids
3
PUSH TO INVESTMENT: INDUSTRIAL DEVELOPMENT
Empowering
Interest subvention scheme Payment platform for bill Social stock exchange for
MSMEs and
social for MSMEs: `350 crore filing for MSMEs to be listing social enterprises and
enterprises allocated for 2019-20 created: to address delays voluntary organisations
4
GROWTH & MACRO-ECONOMIC STABILITY:
VISION FOR $5 TRILLION ECONOMY
11th largest economy in 6th largest economy 5.6% of GDP 2.1% of GDP
2013-14 in 2019-20 in 2013-14 in 2018-19
FDI
& FPI India attracted $64.4 bn worth of FDI in 100% FDI to be permitted for
2018-19 Insurance intermediaries
Statutory limit for FPI investment in a Local sourcing norms to be eased for
company increased to sectoral limit FDI in single brand retail
5
ON THE PATH OF FISCAL CONSOLIDATION
AND INFLATION MANAGEMENT
Apr-14
Jul-14
Oct-14
Jan-15
Apr-15
Jul-15
Oct-15
Jan-16
Apr-16
Jul-16
Oct-16
Jan-17
Apr-17
Jul-17
Oct-17
Jan-18
Apr-18
Jul-18
Oct-18
Jan-19
Apr-19
Disinvestment Receipts (in ₹ crore) Central Govt. Debt (% of Also, India’s
1,00,045 51.6 sovereign
1,05,000 51.4 GDP)
80,000 external
debt to GDP
49.9 ratio
49.5
amongst the
48.4 lowest
48
globally at
less than
2014-15 2015-16 2016-17 2017-18 2018-19 2019-20
2017-18 2018-19 (RE) 2019-20 (BE) (Actuals) (RE) (BE)
5%.
(Actuals)
6
BUDGET AT A GLANCE
10,00,000 4,00,000
5,00,000 2,00,000
0 0
2017-18 2018-19 2018-19 2019-20 2017-18 2018-19 2018-19 2019-20
(Actuals) (BE) (RE) (BE) (Actuals) (BE) (RE) (BE)
10,00,000 1,40,000
5,00,000 70,000
0 0
2017-18 2018-19 2018-19 2019-20 2017-18 2018-19 2018-19 2019-20
(Actuals) (BE) (RE) (BE) (Actuals) (BE) (RE) (BE)
7
BUDGET AT A GLANCE
8%
9%
20% Subsidies
9%- Non Centrally
Borrowings 4% Sponsored
Tax 9%
and Other Customs Schemes
Revenue Defence
Liabilities
18% 23%
States’ Share of 7%
Interest
19% taxes & Duties Finance
21% Payments Comm. &
Corporate Tax GST
Transfers
s
8%-Union 13%
Excise Central 8%
Duties Sector Other
3% Non Expenditure
debt Schemes
16% Capital
Income Tax Receipts 5%
Pensions
8
TAX PROPOSALS
A scheme of faceless electronic Enhanced interest deduction up to ₹3.5 lakh for purchase
assessment involving no human of an affordable house.
interface to be launched this year
Deposit taking and systemically important non-deposit
taking NBFCs can now pay tax in the year they receive
interest for certain bad or doubtful debts.
DIRECT TAX REFORMS
PAYING OFF TDS of 2% on cash withdrawal exceeding ₹1 crore in a
year from a bank account to promote less cash economy.
Increase in tax collection by
78% from ₹6.4 lakh crore in Effective tax rate for individuals having taxable income
2013-14 to ₹11.4 lakh crore above ₹2 crore has been increased.
in 2018-19
No charges or MDR on specified digital mode of payments.
These modes are to be compulsorily provided by large
ENHANCING EASE OF TAX businesses.
PAYERS
Aadhaar and PAN to be made Sabka Vishwas Legacy Dispute Resolution Scheme
interchangeable proposed for quick closure of service tax and excise related
litigations.
9
REFORM, PERFORM, TRANSFORM
SWACHH BHARAT More than 95% cities and 5.6 lakh villages declared ODF
More than 45,000 public and community toilets uploaded on Google Maps
10
TRANSFORMING RURAL INDIA
11
FARMER WELFARE AND WATER SECURITY
Boost to agro-rural industries through cluster Pradhan Mantri Matsya Sampada Yojana launched
based development under SFURTI scheme
with focus on bamboo, honey and khadi
clusters
100 new clusters to be set up to enable The scheme will address critical gaps in strengthening
50000 artisans during 2019-20 value chain, including infrastructure, modernisation,
production, productivity and quality control
100 Business Incubators to be set up to
enable 75000 entrepreneurs under ASPIRE
1592 critical and over exploited blocks Focus on Integrated demand and supply side management
identified under Jal Shakti Abhiyan at local level, creation of local infrastructure for rainwater
harvesting, groundwater recharge and household waste
water management
12
WOMEN’S DEVELOPMENT TO WOMEN LED DEVELOPMENT
8 Crore free
LPG
connections to To expand women SHG interest
More than 7 be given under subvention programme to all districts
crore Ujjwala Yojana ₹1 lakh loan under MUDRA scheme for
connections one woman in every SHG
already given
13
LABOUR AND YOUTH WELFARE
Pradhan Mantri Laghu Vyapaari Mann-Dhan Pradhan Mantri Shram Yogi Maan Dhan (PM-SYM)
Yojana (PMLVMY) About 30 lakh workers have joined the scheme
Pension benefits to around 3 crore retail traders and
small shopkeepers with annual turnover less than Rationalising of labour laws into 4 labour codes
₹1.5 crore. proposed.
14
VISION FOR THE NEXT DECADE
2 Digital India
4 Make in India
6 Blue economy
7 Space programmes
9 Healthy society