Union Budget 2019 – Key Points

*India to be Open-defecation free by October 2, 2019 *Cargo movement in Ganga will increase 4 times in 4 years

*Every single rural family, except those unwilling to take connection, to have electricity, LPG connection by 2022

*PAN and Aadhaar card made interchangeable, allowing those who do not have PAN to file returns

*Government to streamline multiple labour laws into a set of four labour codes

*Study in India programme to attract foreign students

*One woman in every SHG to get loan upto Rs 1 lakh under Mudra Yojana

*RBI to get regulation authority of housing finance sector

*Customs duty on certain parts of electric vehicles removed

*TDS of 2 per cent on cash withdrawal of more than Rs 1 cr from a bank account

*Railway station modernisation programme to be launched this year

*Proposal to setup exclusive TV channel for startups

*Basic customs duty on auto parts, optical fibres, digital camera, cashew, certain synthetic rubber, vinyl flooring hiked

*Aadhaar card for NRIs with Indian passports to be issued after their arrival in India, without waiting for the mandatory 180 days

*New series of coins of Re 1, 2, 5, 10, 20 easily identifiable for visually challenged to be made available for public use

*Blueprint for a national gas grid, water grid, i-ways and airports to be unveiled

*Funds raised by startups will not require any scrutiny by tax department

*Govt to build 17 iconic sites to encourage arrival of tourists in India

*Pradhan Mantri Gram Sadak Yojana phase 3 to upgrade 1,25,000 km of road length over the next 5 years

*Package for power sector tariff and structural reforms to be unveiled soon

*1.95 cr houses to be constructed under Pradhan Mantri Awas Yojana (PMAY) from FY20-22

*NRI portfolio route to be merged with FPI for seamless investment in stock markets

*Govt to liberalise FDI in aviation, media, animation and insurance intermediaries

*10,000 new farmer producer organisations to be set up

*One hundred new clusters to be set up in 2019-20 to enable 50,000 artisans to come into economic value chain

*Proposal to expand Swachh Bharat mission to undertake sustainable solid waste management in every village

*5 per cent customs duty imposed on imported books

News Desk

I am handling news desk for the news ark. I am post graduate in management.

Leave a Reply

Your email address will not be published. Required fields are marked *